Replies to post #44358 on A.I.M. Users Bulletin Board (AIMUSERS)

[bouki]

I would treat it as a currency pegged to USD and track its price that way.

Fees on pro.coinbase.com are 0.50% or lower depending on trade size. Its a lot compared to stocks but good relative to other crypto exchanges.

Coinbase pro also supports GTC orders. My thought would be to use the AIM spreadsheet to predict the next buy or sell threshold and then use GTC orders for both.

When one fills, I would immediately update the spreadsheet and replace the old orders with two new ones.

The frequency of trading would be a function of the volatility.

My long term goal is to build a sizable BTC position so I think this would be a good way to do it while optimizing my cost basis.

Am I crazy? :)

PS I read Lichello's book as a kid in the early 80s

[Liam00]

Gbtc follows BTC. Research it, easier to trade....at your own risk. I ‘AIM’ it, and has been good for me, but it can be a white knuckle ride when it drops. But it does spike from time to time, you need to watch it daily in this case. Right now, quarantine time it is a little easier. But if you have a regular job, it can suck you in. But anyway, it is a way to do it.
IMHO good luck, stay safe, wash your hands!!!