Post
Topic
Board Bitcoin Discussion
Re: A teen is given $1K to invest into Bitcoin - what would you recommend for them?
by
BitsandBites
on 25/05/2016, 08:02:42 UTC
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?
He just needs to invest in Bitcoin and buy two whole Bitcoins and hold on to them. Then wait until the price rises if he can make a profit then sell them and start over again if he wants to.