Ninjastic
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Board Bitcoin Discussion
Re: A teen is given $1K to invest into Bitcoin - what would you recommend for them?
by
Hirose UK
on 16/03/2016, 04:41:17 UTC
Quote from: hubballi on March 15, 2016, 10:08:48 PM
Quote from: AgentofCoin on March 15, 2016, 10:06:01 PM
Quote from: Hocapoca on March 15, 2016, 09:58:52 PM
Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin.
Without encouraging him/her to invest in risky strategies, what are some safe methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

Others may come along with more helpful information,
but there are basically two types of investments with bitcoin, IMO:

1) Risk Investments (lending, ponzis, gambling, altcoin trading, btc trading, chinese online wallets give interest (may be scams IDK) etc)
2) Holding Investments (just hold for a decade or two and profit)

If there were truly safe methods of actually growing your btc, I want to know as well.

I like the answer , but i think she or he can go with buying any full member account and start earning through signature campaign. this is also one way of earning without risk
it still has risk if the account buyer doesn't have idea about bitcoin to post in the forum, the full member account will be useless and the worst thing is it has possibility to be banned. so the account won't make him earn bitcoin but lose bitcoin.