Post
Topic
Board Bitcoin Discussion
Re: A teen is given $1K to invest into Bitcoin - what would you recommend for them?
by
davis196
on 08/09/2016, 05:29:06 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?

I would recommend this:

40% hold the bitcoins and wait for price increase.

30% lending and 30% altcoin trading.

Off course the teenager has to be familiar with altcoin trading.