Crypto Currency

How to buy/sell Bitcoin/Ethereum/Lite Coin

Related links:

Mar 2021:

  1. Don't miss the oppurtunity of buying BTC @ $44k !!!
  2. Buy few ADA coins @ $1.2

Jan 2021:

Here is my opinion (based 100s of hours of reading news, youtube, blogs and connecting dots)

  1. Institutions are buying Bitcoins worth billions!!!
  2. Michael Saylor is the man behind this run up...
  3. No doubt BTC touching 75k-100k this year.

Nov 2020:

BTC will most likely cross over $20k soon. Last time during 2019, BTC reached $19k+ with the help of small players. This time several big institutions like Citibank, Goldman, Square, Paypall, MicroStrategy, etc. are supporting BTC. 

Binance is one of the biggest exchange for Crypto trading followed by Coinbase. I like binance due to low transaction fees and provides API to automate or create a bot to buy/sell Crypto currencies.

Robinhood is transaction free and doesn't provide API, but you will pay more to buy as compared to other paid exchanges and loose more when you sell, compared to other exchanges.

I have created a serverless bot to buy/sell Bitcoins using custom algorithm, tested against 9 years of past data. Its been 9 months running on GCP and executed 1000+ transactions all by itself. With 1k Investment, Bot generated 30% profit in the last 9 months.

Overcame 3 times failure with my bot in the past 9 months. Looking forward for next failure.

TAX Filing: Calculate all the gains/loss for this year. When filing tax, show the gains/loss as part of miscellaneous.

What is Crypto Currency?

A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

How to trade Crypto Currency?

  • Create an account @ Binance-US OR Coinbase
  • Check your email for verification
  • Setup your checking account
  • Once bank account is linked, initiate required $$$ amount from your bank account to Coinbase
  • It will take 2-3 days for the first time.

How to trade Crypto Currency in IRA?

    The easiest way is to trade Crypto in an IRA account is by buying ETFs. Here are a few ETFs

  • GBTC for Bitcoin (Buy @ $40 - $42.5)
  • ETHE for Ethereum (Buy @ $22 - $25)
  • LTCN for LTC (Buy @ $210 - $225)
  • MARA (Buy @ $32 - $35), RIOT (Buy @ $38 - $45) are bitcoin miners and their stock price reflects Bitcoin price movement.