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?
in my opinion he is brand new user of bitcoin and i also think he didn't want play with btc so i will suggest you to say him tha he should buy and hold btc for some months and then sell after the prices increases .
This is a good suggestion for newbies in bitcoin it is not suggested that they are going to invest immediately to trading and as well as with casino's.
It is going to be better if he is just going to hold it for a long time and going to learn more about bitcoin.
So that if he has a lot of knowledge already with bitcoin then that is going to be right time to engage in trading and other investments but of course stay away from cloud mining and hyips.