Re: A teen is given $1K to invest into Bitcoin - what would you recommend for them?
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 lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?
there is no safe methods, thats the first and most important rule to understand, but if you ask me, i suggest you to hold your btc, we are into an important halving year, so maybe in a "short" time thats the best thing you can do.
Sad but true. Most early adopters had to learn that the hard way.
The thing someone has to keep in mind way more than any yearly return that sounds nicely high is... you lose all your investment when investing. Instantly. And it is not the question if you get the yearly profit on top... the way more important question is if you get your investment, that you already lost then, back.