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?
Well there are a lot of things that him/her can do with $1K in bitcoin but most of them are quite risky like trading, gambling, etc. so I think the safest way to gain some profit is just hold it and wait for its price to rise then cash out at the right time. If they want that money to be more secured then divide that bunch of money to many parts and save them in many wallets so it will reduce the risk of being scammed.