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 totally agree with Agentofcoin.
I think he answered the best out of best.
And another legit way could be (if you have source), buy some goods with 1k and sell it here.
It could be anything from digital goods to cloths. But it should be exceptional, people should like the goods at their first look.