Investing in bitcoin like a ROTH IRA/401k ?

Discussion in 'Crypto Assets' started by heavenskrow, Jun 26, 2019.

  1. 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?
     
  2. bumpppp
     
  3. Nobert

    Nobert

    With all due respect,

    could it be, that a thought like this,

    was sparked by fomo ?

    Thank you.
     
  4. 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
     
  5. 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%.