So obviously tax implications aside..... let's say every payroll after tax, I take a portion of my paycheck and invest 10-20% of that into cryptocurrencies. Since I can buy fractions of it, it would be similar to roth ira/401k in terms of buying fractions of it consitently and accumulating a larger % as time goes on by. Is this idea realistic/legitimate?
Hmmm, I was waiting for 2500 level on BTC but it started taking off at support at 3k. Eitherways, I still want to accumulate fractions of BTC-however small it is and build a larger holding. Was wondering if I can just purchase fractional BTC every few weeks like a ROTH IRA
Why not? I would say diversify a little bit. A good way is to put monthly into whatever coins based on their total market cap %.. for e.g btc is 60% Eth 10%...down to 1%.