Review of BitCoinIRA and BitIRA – for moving my IRA to BitCoin

December 14, 2017

I thought this process was going to be an easy “no-brainer”. But after a call from their support, or perhaps better dubbed sales person, I learned about the hidden fees and “the rules”.

I started by filling out form of their options was an “investment mix” where you theoretically split up your investment among the six coins they support: 1) BitCoin, 2) Ethereum, 3) Ripple, 4) LiteCoin, 5) BitCoin Cash, and 6) Ether Classic. But later, as you will see below, I learned this wouldn’t work.

This included downloading a PDF, having to sign it, then upload it. It was called a “Account Transfer”. I actually called them first, to ask a question about the beneficiary. The guy I spoke to was very American, very professional, and almost no wait time. I was trying to figure out if I could make my own estate the beneficiary, instead of a specific person or persons. He checked, and said if it was a trust, but I don’t have a formal trust yet. After I got my question answered about the beneficiary, I got the data for my beneficiary (SSN and date of birth) and completed the form.

After all that hassle and sending them the first form, THEN he called back to explain their fees and limits.

  1. There is a 15% origination fee 9,
  2. 1% fee when you liquidate/cashout,
  3. 5% trading fee,
  4. Custodial fees of $20/month and 0.07% of your balance from the custodian, which is Kingdom Trading.
  5. And a big kicker, there is a minimum of $10,000 in any one coin. He said this is because they use This totally blew my investment mix based on the amount of the IRA I would be transferring.

NOTE: When you submit and sign their PDF document, that doesn’t really kick off the process. They send you another form, which I think he called a “Transfer Document”. I’m not sure how it’s different than the one I already signed. But they give you a chance to absorb their fee structure, then tell them if you wish to continue or not.

A follow up question I will ask is about early withdrawals. Sounds like I would always have to keep a minimum of $10,000 with them.

So then, I decided to check out their competition. The first one I had already seen,. Minutes after filling out the form on their site, their rep called me. He was also very professional and helpful. They have a similar 15% origination fee, said custodian fee is about $300/year (pegged at entry amount), and they use Preferred Trust. I think there is one other competitor. The kicker there was they wanted a minimum of $20,000; and he checked if they could go lower, and the answer was yes, but I would have to pay the 15% fee instead of having it come out of my IRA.

I’ll keep you posted as I learn more and make my decision. The alternative is to cash out, pay the IRS penalty, and have more freedom with the money. Later the same day, that’s exactly what I did. I figured if I’m going to have pay another company a 15% origination fee, and high trading fees, and not have control over how I allocate my tokens, it’s better to pay the IRS penalty and have the freedom.


BitCoin Ben – Predictions for LiteCoin (LTC) in 2018

December 11, 2017

I started watching BitCoin Ben (your friendly truck driver) on Facebook each day. He now does one daily video cast regarding BitCoin, LiteCoin, and all things crypto. Although he has done some videos from home, he lately does it from the cab of his truck while waiting on other to fill the truck with whatever it is he has to haul. He’s a very friendly and funny guy; but his language is not always family friendly.

He’s really been pushing LiteCoin the last few weeks. In this morning’s video, he says his “inside sources” tell him that LiteCoin will go to $350 to $450 by year end (about 20 days away), and that by April of 2018 it will be $3,600. In a previous video, he said that LiteCoin is going to do what BitCoin did in about 18 months. So this implies he thinks it LiteCoin maybe around $10,000 to $15,000 by mid-2019.

He and other, such as Charlie Lee, MIT graduate, former software architect at Coinbase, and creator of LiteCoin classify BitCoin as a store of money, and LiteCoin as a currency used to buy things. LiteCoin has faster transaction times than BitCoin. Charlie has provided a rough analogy, comparing BitCoin to gold, and LiteCoin to silver.

Based on his videos, I traded some my BitShares to LiteCoin today. I’m also in the process of setting up a BitCoin IRA account. I placed sell orders for my gold eagles and silver eagles today. Even though Clif High predicts silver will go up, I see BitCoin and LiteCoin are going up now, so now is the time to act.


How to Sell BitShares or Trade it For LiteCoin

December 11, 2017

This blog tells you how to sell your BitShares. What does “sell” mean? Well, if you want to cashout to your bank account, you would trade it for BTC, LiteCoin, or Ethereum, then move it your on/off ramp (such as CoinBase), and then sell that currency and get the proceeds in your bank account. I bought BitShares earlier this year when I heard Stan Larimer speak at a conference. I still believe in it, but the crowd is going crazy right now with LiteCoin and a few other cryptos; so I re-allocated my portfolio today.

Even though BitShares has it’s own exchange, I couldn’t find regular BitCoin (BTC) or LiteCoin (LTC) on it. I ultimately wanted to trade some of my BitShares for LiteCoin. At first, I did a small test using I was able to do a manual trade from BitShares (BTS) to BitCoin (BTC) and then did a withdrawal to CoinBase. Like I said above, I really wanted LiteCoin, not BTC, but the process worked, even though it was rather confusing. It’s not something I would recommend my elderly parents to do.

Then I kept looking and found You don’t have to submit a trade. This is how their site works.

You select the currency (cryptocoin) you are sending (selling), and the coin you wish to receive. The amount is used at this point just to estimate what price you will get; the actual price may vary. You can decide if it’s a fair exchange rate or not (perhaps more about that in another blog). You paste in your receive address, i.e. where you want your new currency to go (LiteCoin address in my case). The receive address is validated after you enter it. Note: If you are converting to BitShares or SteemIt, it asks for the account as appropriate for those tokens.

Then click the “Get Deposit Address” button.

Based on the information above, you go to your BitShares wallet, and make sure you paste the AccountName and Memo. NOTE: It’s best to copy/paste because at first I almost entered “blocktrade” instead of “blocktrades”. Had I sent my BitShares there, that party would not have to return it.

Note: BitShares recently upgraded their wallet. It’s odd to me that they say their “Send” function is “Beta”, yet they don’t offer any other choice on how to send your BitShares. I couldn’t get it to work in Chrome (I could enter the data, but the “Send” button at the lower right didn’t want to work), but it worked fine in FireFox.

As we know, BitShares is fast, and the tokens show up in a few seconds. In the bottom of the screen, you can see either pending or completed transactions (probably based on whether the trade was done, and whether they sent the coins to your target address).

If you click on the Transaction ID, you can get the full transaction ID displayed, and go to your favorite blockchain explorer to view it and watch the confirmation happening.





How to Buy EMV Token (or any ERC-20) token with Parity Wallet and EtherDelta Exchange

This video shows you my first experience buying EMV tokens on EtherDelta using the Parity Wallet. So it’s slightly rough in a few places, and maybe later I’ll make a shorter version now that I’ve had the experience.In the video, I bought EMV tokens with a small amount. I suggest starting with a small amount of $1 to $10 to begin with. Make sure you know how everything works before you try a larger amount. EMV is one of several thousand ERC-20 tokens hosted on Ethereum; for full info about EMV, see their website (Ethereum Movie Venture).

from my YouTube


  1. The first step is really to make sure that you have some Ethereum to invest. If you have BitCoin, you might have to trade it to Ethereum first (not covered in this video). Most people have an “on-ramp”, such as CoinBase or CoinMama connected to their bank account. Others uses local dealers to buy BitCoin or Ethereum.
  2. If you don’t have a suitable wallet available, download one, such as Parity. Download parity from here: This is where you want to store your EMV (or other ERC-20 token). Make sure you backup everything, and save your recovery words somewhere safe (or print them out). If a hacker gains access to these codes, they can take all your tokens.
  3. Transfer the amount of Ethereum you want to invest to your EtherDelta account. (In the video, I went from CoinBase to Parity Wallet, then to EtherDelta, but the intermediate step was unnecessary).
  4. In EtherDelta, select the EMV token from the top
  5. In EtherDelta, enter an amount of Ethereum and click the Deposit key to move your ETH to the EtherDelta Smart Contract for Trading.
    Make sure you have a little extra ETH available to cover fees. You might have to wait a minute or two for the transaction to get processed, and you will see the deposited amount.
  6. In EtherDelta, click the lowest price in the red. You can see how many tokens they are selling. If more than what you want to buy, then type in the amount you wish to buy.
    If you want to buy more than that, you will have to buy all of tokens of that order, then repeat the process with the next lowest price until you are able to buy what you want. When you change the number of EMV tokens and click or tab off that field, then the “ETH” will automatically get recomputed.

    NOTE: looks like there is no”are you sure button”, so be sure you enter the proper numbers before clicking the blue “Buy” button.
  7. Withdraw your EMV (or other selected and purchased ERC-20 token) from the EtherDelta trading contract to your EtherDelta Wallet
  8. Transfer your EMV (or other selected and purchased ERC-20 token) to your Parity Wallet (or any other Wallet where you want to store your tokens)

    You might have to wait a few minutes for it to process.
  9. Check your Parity (or final wallet). Within a few minutes you should see the tokens your purchased there.

What Makes Litecoin Special?

August 14, 2017

Like several other cryptocurrencies, litecoin was founded with the intention of improving upon the world’s first cryptocurrency, BitCoin. Google engineer Charles Lee was the mastermind behind the creation of litecoin in October of 2011, and the stated objective at that time was to achieve a silver standard behind BitCoin’s gold standard.

Like BitCoin, litecoin is a peer-to-peer cryptocurrency with open-source software, which means theoretically anyone can modify the code. There is no central regulatory authority managing litecoin, so the creation and transfer of coins is simply based on a cryptographic protocol which has been hard-wired into the software.

The technical improvements that litecoin provides over BitCoin and all other major cryptocurrencies lie in its usage of the so-called Lightning Network payment system, and the Segregated Witness, which is an attempt to improve upon the restrictive BitCoin block size. When used in tandem, these two enhancements permit processing of a greater number of transactions by the network at any specified time.

This has the happy effect of reducing the number and severity of potential bottlenecks, which BitCoin has been vulnerable to throughout its eight-year history. Other advantages which litecoin supporters point to with enthusiasm are the fact that payment cost for transactions is negligible, and that payments can be carried out about four times more quickly than BitCoin payments can be.

Litecoin vs. BitCoin

In terms of its market cap at least, litecoin has achieved its objective of becoming the silver standard, becoming the second highest mined cryptocurrency in the world, only trailing its BitCoin counterpart. Probably the most important difference between litecoin and it’s BitCoin predecessor is the fact that it takes only about 2 1/2 minutes to generate a block, while 10 minutes is required to generate a BitCoin block. As previously mentioned, the Segregated Witness was undertaken by litecoin to address this issue.

Techies understand however that there’s an even bigger difference between the two cryptocurrencies, mainly in the area of their respective Proof-of-Work algorithms. While BitCoin makes use of the SHA ‘256 hashing scheme, litecoin uses a ‘scrypt’ algorithm, which is based on the SHA – 256 algorithm, but has its calculations performed in a serial process, as opposed to BitCoin’s parallel processing.

Expensive transaction fees

Some business users have also discovered that the fees associated with BitCoin have become prohibitively large and out of sync with returned value. Another drawback to using BitCoin is that when using various payment channels, it is often necessary to initiate multiple transactions in order to achieve an overall economic objective, and those multiple transactions are all subject to individual fees. When situations like this arise, it simply places BitCoin out of the realm of affordable solutions, even when compared to older technologies like PayPal, whose transaction fees are not nearly so exorbitant.

LiteCoin Video Review


More special features of litecoin

The litecoin network is secured by mathematics, which allows individuals and companies to manage their own finances without the intervention of any regulatory body, and also permits anonymous transactions. It can provide faster confirmation times for all transactions, along with a greater efficiency of storage than any other math-based currency. Here are some of the special features about litecoin that make it stand out from the cryptocurrency crowd:

  • Block chain‘because litecoin can handle a greater volume of transactions than BitCoin and has more frequent block generation, the software can scale up in the future as usage is increased, without having to modify the software
  • Wallet encryption‘users’ wallets can be secured so that transactions and account balances can be viewed safely, although a password must be entered before spending any litecoins
  • Reward for miners the current reward for miners is 25 litecoins for a new block, with acoin ceiling of 84 million litecoins, a figure 4 times greater than BitCoin
  • Open-source software‘the entire litecoin project was made available under the MIT/X11 license, which allows all users the capability of copying, modifying, and executing the software
  • Community growth‘a number of litecoin communities have sprung up quickly since it’s launching, including litecoin forums, the Litecoin Teelegram, Reddit Litecoin, and the ability to do user searches on Twitter.

Outlook for litecoin

Litecoin is firmly entrenched as one of the world’s most popular cryptocurrencies already, and it does have some advantages over BitCoin which may be enough to eventually edge it past BitCoin in the overall rankings. While some businesses have already made the shift from BitCoin to litecoin, there are always changes to be expected in the cryptocurrency world, especially because of the open-source software capability. Stay tuned for more developments with litecoin, and probably with other digital currencies as well.

Chart from:

Free BitCoin Course – For Beginners

There were so many people asking me questions about BitCoin, Altcoins, and Cryptocurrency that I put together a this Free BitCoin Course, a short “mini” course at

Most lessons can be done in 10-20 minutes. They include short summaries, and videos that I either created or those that I found on YouTube that best describe the topic.

Free BitCoin Course – The Lesson/Topics include:

  1. What is BitCoin? What is Blockchain?
  2. BitCoin Wallets
  3. Downsides to Bitcoin
  4. How to Make Money with BitCoin
  5. The BiCoins Wealth Club
  6. DayTrading with 1Broker
  7. How the world is changing (The big picture)
  8. On ramps – Buying your first Bitcoin or Cryptocurrency
  9. Documentaries
  10. Top 25 – Video Summaries of the Most Popular AltCoins (Cryptos).

Join Free Here:


BitCoin Doubler Programs in the Wake of Gladiacoin

A bitcoin doubler program is a company that promises to double your investment in X days, such as 30, 60, or 90 days. Other go beyond that and offer to triple your investment, or even better. With bank interest rates paying under 1% interest, people are desparate, and often jump into these programs.

The typical barrier is that you have to join with BitCoin. These companies aren’t going to take credit cards, since you can always call your credit card company and likely get the charge reversed. Companies that take credit cards often hae to keep high reserves, and pay high credit card fees, especially for business opportunities and non-physical products. With BitCoin, once a transaction is made, it is final. The companies transfer profits back to your BitCoin wallet, either when you get your payout, or when you earn in compensation plan (typically a “binary”).

In a binary compensation plan, often the upline build deep down one leg, and then you have to fill in your other leg (this is often referred to as the strong and week legs).

Most typical investors think of the bank analogy; you put money in, then you it grows, then you take it own. They are as likely to participate in BitCoin mining, for example. Mining involves either setting up expensive servers, or buying a mining contract on a cloud platform.

BitCoinsWealth Club

Our team has put together a self-replicating site called BitCoinsWealth. Are upline as done their due diligence, and they have selected JetCoins as a valid replacement for Gladiacoin. This club includes at least two safe BitCoin Doubler programs.

Once you join, you get a referral link. BitCoinsWealth is not a business in itself, it’s a portal to several BitCoin businesses. It also can be used as a lead capture page for you, and it integrates with your GetResponse and AWeber. If a person isn’t interested in one BitCoin opportunity, he might be interested in another. Why limit your prospect to just one option?

Some are opposed to the doubler programs, or anything high risk. But they might like ICoinPro which is an educational program. It can be purchased with credit card, and thus avoid the barriers that many noobs (newbies) have in setting up their BitCoin Wallets and obtaining their first BitCoins.

Check out BitCoinsWealth.

Do you want High Return on BitCoin without joining a Network Marketing company?

if Bitcoin Doubler programs are not for you, then check out how I made 29% my first two weeks with 1Broker. See the link on the right of the page.

The alternative is to trade yourself. I’ve seen people on 1Broker making 150-300% per month, and even more. What’s cool about that site, is that it’s a pure trading site. It’s not an MLM, there is no binary compensation plan. If you are not a day trader, you can simply choose to copy the succesful traders, i.e. do what they do. You can click a button to follow a someone, and then provide how much to invest. I typically set this at 5% of my investment. Since I put in 1/2 a BitCoin, I limit each trade to .05 BitCoin. Most of the trades are in and out in under a couple of hours.



Gladiacoin Fails – Where are people moving next? USI_Tech?

June 12, 2017

Check out this video on the differences between these two companies, JetCoin and Gladiacoin.


Our team has put together a self-replicating site called BitCoinsWealth. Once you join that, you get a referral link. BitCoinsWealth is a portal to several BitCoin businesses. It also can be used as a lead capture page for you, and it integrates with your GetResponse and AWeber. If a person isn’t interested in one BitCoin opportunity, he might be interested in another. Why limit your prospect to just one option?

Some are opposed to the doubler programs, or anything high risk. But they might like ICoinPro which is an educational program. It can be purchased with credit card, and thus avoid the barriers that many noobs (newbies) have in setting up their BitCoin Wallets and obtaining their first BitCoins.

Check out BitCoinsWealth.

According to BehindMLM, Gladiacoin may be down and not paying (as of June 2017)

According to the above site, Gladia Coin started in March of 2017 and promised that your “investment” would double in just 90 days. They also claim it was run by “anonymous scammers” and basically called it a Ponzi scheme. That articles thinks that it was the first company to combine cryptocurrency with the age-old “doubler model.” On May 19th, GladiaCoin suspended affiliate ROI payouts for five days citing ‘conditions of the blockchain network’, which sounds like a smokescreen of an excuse.

Do you want High Return on BitCoin with the MLM/Ponzi Element?

If Glaidacoin and Jet Coin is not for you, I made 29% my first two weeks with 1Broker. See the link on the right of the page.

The alternative is to trade yourself. I’ve seen people on 1Broker making 150-300% per month, and even more. What’s cool about that site, is that it’s a pure trading site. It’s not an MLM, there is no binary compensation plan. If you are not a day trader, you can simply choose to copy the succesful traders, i.e. do what they do. You can click a button to follow a someone, and then provide how much to invest. I typically set this at 5% of my investment. Since I put in 1/2 a BitCoin, I limit each trade to .05 BitCoin. Most of the trades are in and out in under a couple of hours.


KarmaKoin – New coin offering on BitShares – Tied to new Game

June 9, 2017

Did you just hear about KarmaKoin?  The KarmaCoin is insured by gold, kept in a vault under contract with Brinks security.  It is the creation of Matt Trainer and Consumer Reality Services.  Matt has combined the concept of gamification  with cryptocurrency, and decided to make life fun by creating games for people to play.  But these are not ordinary games.  These are games that improve peoples lives in the 5Fs: finances, fitness, family/friends, fun. and faith.

NOTE: This is NOT related to the KaramCoin Online Card Game of the same name.

Matt was inspired by several sources, including:

  1. The Game – 1997 movie with Michael Douglas and Sean Penn
  2. Nerve – 2016 movie starring Emma Roberts and Dave Franco
  3. Ready Player One – novel by Ernest Cline (to be made into a movie in 2018 by Stephen Spielberg).  In this book, set in a distopian future where most kids go to school in a Virtual Reality (VR) world.  The founder of the VR world died, leaving a contest in his will, consisting of three keys and three “gates”.  The winner, would get his entire fortune.  One teenage boy and his friends complete for the prize, facing the “darks side” 6xers, a corporate with Matrix-like “Mr. Anderson” employees who are working together to outsmart them and take over the VR world for their own profit and purposes.
  4. Not as much, but somewhat by cultish “The Institute” or Jejuene Art Project that took place in San Francisco in the 70s.  People got caught up in a game, but it seemed to not be so wholesome.  None of that in our new game.  But it did show people how games are fun, how people love to play, and how people thrive when they are competing.

The Karma Koin will be awarded as prizes and tokens in a game called “Mogul” that is launching on July 4, 2017.  The game will include a phone app and the prizes are in the hundreds of thousands of dollars, depending on how many people play.

The KarmaKoin is already trading, and can be seen on the following sites:

  1. (in BitCoin price)
  2. (in BitShares price)

    but note – it might soon have its name changed to Karma Points.

Trailers for the “game” related movies mentioned above




JetCoin vs GladiaCoin Reviewed and Compared

A few weeks ago when I heard about Gladiacoin, my “spidy sesnes” went off.  I didn’t join.  At a recent business conference at a Hollywood studio in Los Angeles, I met a guy who was earning his living with Gladiacoin.  His idea was that it might not last forever, but for now, it was quite profitable.   That planted a seed in my mind to consider this type of business, because everything points to the surge of interest in BitCoin.

When people I knew and trusted told me about JetCoin, I was already inclined to take a closer look than I had at Gladiacoin.  Our upline has been succeeding in multiple online businesses for 5 or 10 years. I met Darren Little at a Prosperity Mastermind in South Beach Florida about 4 years ago, and I’ve been following him sense then. He works with Ari Macabi, who seems to be an American working from his home on some island in the Pacific.  When you have an online business, you can live and work from anywhere in the world, as long as you have a laptop and a good internet connection.

Darren and Ari provide leads pages, capture pages, and training to teach us how to build our business better.  If you never been in one of Darren Little’s trainign course, you are missing out.  I joined another program a while back, not because I was thrilled about the program, but just to seit at the feet of this master marketer.   Each time we study under someone like this, a little rubs off, and it makes us a better marketer.  That’s the value-added bonuses with working with these seasoned professionals.

So basically, you loan your BitCoin to them, and they trade it. They make money, pass it on to you, and in addition, they payout based on the MLM (Multi-Level Marketing) binary compensation plan. The amount you get paid on the Matrix is based on how much BitCoin you put in, typically from a fraction, such as .1 BitCoin on upto 8 or 10 BitCoins.


Click here to learn more about JetCoin now.

There are two types of people that will get started:

  1. Those that have BitCoin and have used BitCoin and know how to do the transfer
  2. Those that have never bought BitCoin, and have to go through that setup first.  We will walk you through that step by step process. It typically involves using something like to connect your bank account to a CoinBase wallet/account.  Then you can transfer $ to BitCoin, but it will take about 4-7 days the first time.  You can also buy BitCoin from local dealers, or there are a few sites that will do it on credit card, but they tend to charge a premium (about 10-20% higher price than the street/market price).

Click here to see a BitCoin price chart.

Is MLM not for you?  But you still want to make money with Bitcoin.  I started trading BitCoin and other coins and derivatives with  As a matter of fact, I made 29% my first two weeks.  And I don’t even know what I’m doing.  I just pick the most succesful traders on their system who make 150-300% returns per month, and I follow them.  By clicking the “Follow” button, the system will make a trade for you similar to their trade.  The only difference is the amount, which you set.  If you invest 1 BitCoin for example, then when you follow someone, you should only risk about 2-5% of that per each trade, such about .05 BitCoins.  Many of the trades are in and out in an hour or two.  I think the longest one I’ve seen was about 7 hours.


I also found a company that provides a full educational package for beginners.  I’ll be adding details here in just a few days.  This market is changing so fast that it’s hard to keep the web sites up to date.