How to Invest in Bitcoin: 3 Easy Steps

Investing in Bitcoin is way easier today than it was just a few short years ago, or even last year! Bitcoin exchanges have made strides in softening up the user-experience from a hackery, hard to navigate one to a process on-par with using Amazon Prime.

Regardless of what technology the future brings, you can invest in Bitcoin right here, right now, by following the simple steps outlined in this guide.

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A Guide To Create a Personal Coinbase Index Fund (2020 Update)

With only a few minutes to set up, Shrimpy is a simple and effective solution for managing a cryptocurrency portfolio. No complicated bells and whistles. Only the core functionality that provides a pleasant experience. This makes Shrimpy ideal for anyone from the crypto expert who wants to save time managing their assets, to new crypto owners who have little or no trading experience.

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Machine Learning for Crypto Portfolio Management Case Study: Week 7

It’s déjà vu.

The Nomics ML portfolio strategy has continue to tear apart the competition with another stellar week. It almost feels like we need to add more strategies to get some better competition.

Over the last month, our team has been tracking the performance of 4 different portfolio strategies. These include portfolios selected using Nomics Machine Learning, CoinGecko, market cap indexing, and a simple Bitcoin HODL.

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Bitcoin vs. Cash Inflation — Which Is Better?

Of the many things that can and have been said about money, there is one that is probably true for everyone: money should hold value.

On the surface, this seems like a self-evident statement. Money should hold value — who would disagree? However, there is another layer implying that to hold value money should not lose value.

As such, money should store value by either retaining the value it already has, or increasing in value, but certainly not losing it. That's where the chorus comes in, singing about how Bitcoin is a store of value, but let's not get ahead of ourselves.

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Know These Accounting Methods Before Filing Your Crypto Taxes

The Internal Revenue Service (IRS) allows individuals to use any accounting method for filing their crypto taxes in the United States. Just as important as it is to understand different algorithmic trading strategies to increase your profits, understanding different accounting methods decreases your tax bill on those profits.

To understand how to calculate your crypto taxes, you need to consider that the IRS treats crypto as property. You are taxed on your net profit, which is the sell price minus the buy price and fees (known as the capital gain/loss) for each trade.

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Machine Learning for Crypto Portfolio Management Case Study: Week 4

The market has experienced a sudden resurgence. As Bitcoin continues to climb, strategies like Nomics ML have been flipping from hot and cold.

Let’s not wait another moment. Here are the results from the last week and what we should expect for the week to come!

Reminder: The methodology for this study was first outlined in our previous article.

Follow the progress of this study on Shrimpy.

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Machine Learning for Crypto Portfolio Management Case Study: Week 2

It’s been a wild week for the crypto market. Bitcoin dominance has been rising like a rocket since the Bitcoin halving. That’s not to say other assets are performing poorly, but Bitcoin would surely make you think so.

The aggressive growth of Bitcoin has cast a shadow over the rest of the market and this shines clearly in the first week of our study. Bitcoin dominated the performance metrics dragging portfolios that included Bitcoin to the top of our charts.

Let’s not get ahead of ourselves though, let’s dig into the details of this week to see what’s what and where our study will take us next week!

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Machine Learning for Crypto Portfolio Management Case Study: Week 1

This week kicks off the start of our case study that will evaluate the application of machine learning for portfolio management. The methodology for this study was first outlined in our previous article.

Each week, we will publish an update to highlight interesting events that took place over the last week, break down the performance metrics from the last week, and provide any changes that will be made to each portfolio.

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