How would we best accommodate Jack and Jill in the above scenario?
Buy and trade or buy and
hodl.
Mining bitcoin, successfully (read: to earn a profit), requires more than a $5,000 investment.
Once Jack & Jill are comfortable with Bitcoin, they should consider a few other major cryptocurrencies. Ethereum, Litecoin, and Ripple come to mind. Each as a distinct and successful business model. Most cryptocurrencies do not.
Could not agree more.
Mining>> expensive ( tools, investments), complicated, time consuming. No assurance of profits.
Buying BTC >> you just need to learn how to read charts. As easy as buy during dumps and sell when prices are high (trading & hodl). Time is worth it. Clear profits.