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.
The best that a noob can do is 2). A noob is just not going to understand what is a scam in the crypto world, you need to be around for a long time to start feeling the dynamics in order to take high risks and profit from pump and dump shitcoins and whatnot, which are great to get BTC quick, but the risk is way too high. So just buy and hold until you have been here for at least a year and daily reading and research.