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?
The safest way is to give that $1k to me. Lol!!! Jokes apart!!
The best way to grow bitcoin is to hold them. That's the best investment for bitcoin till date.
A big NO for ponzi or HYIP schemes. However, a limited amount of money can be invested in to p2p loans. Only a limited amount. Like 30% of the total fund.
He can also try trading with another 30% of the total fund as it is the best way to get bitcoin.