Alternatively there is BITTWENTY (BTWNTY) which is a more diversified index.
Coinbase Index Fund
121–130 of 346 posts
Re: Coinbase Index Fund
#122Earlier quoted context omitted.
Why was there enormous work involved? Were you rebalancing very often? Note that Coinbase's fund will be made up of only four cryptocurrencies, not 25 like yours.
Yeah, this is an index of 4 securities and is rebalanced annually. Coinbase is charging a 2% fee for what amounts to automating a max of 4 transactions a year. I get that people are excited about cryptocurrencies becoming available in more traditional investment vehicles, but this particular index fund seems almost completely unnecessary.
> Coinbase is charging a 2% fee for what amounts to automating a max of 4 transactions a year.
I came up with some more they do for 2%/y:
* Buy more coins when their fund expands
* Secure the shit out of those private keys
Re: Coinbase Index Fund
#123Earlier quoted context omitted.
Charles Schwab, which is relatively high, charges $8/trade (for unmanaged trades).
$8 per tx seems like a very high fee for cryptocurrency transactions.
It’s really not. Gdax charges 0.25% (only to one party, so let’s call it 0.125 on average). You only have to buy less than $10,000 worth before the fee is higher than $8
Re: Coinbase Index Fund
#124"Available to US accredited investors." It seems a little ironic that any Joe Blow with a credit card can buy cryptocurrency, at presumably higher risk since he's managing the assets himself, but he can't invest in this fund.
This whole regulation is unneeded. You can bring your money to a casino and put it all on zero. Or buy a thousand lottery tickets. But investing in risky businesses needs to be walled off to the wealthy. What we really need is the real consequences for fraud / false financial claims.
> But investing in risky businesses needs to be walled off to the wealthy. What we really need is the real consequences for fraud / false financial claims.
Thanks for saying this. So true.
Re: Coinbase Index Fund
#125Mix it up with Vanguard and I ll move all my funds from Betterment to Coinbase.
Putting all your eggs in a crypto basket doesn't sound like a great idea.
Re: Coinbase Index Fund
#126I have attempted to duplicate this index fund manually by purchasing the top 25 cryptocurrencies (market-cap weighted) over the past year or so. I'll say that it was hardly worth the enormous work involved, and these index funds cannot come soon enough to non-accredited investors. In some cases it's not possible to do perfectly alone: NEO has a minimum unit of 1 coin, and so if you wanted it to not be overweighted, y…
>since they [Coinbase] are not a neutral player
Why do you say this? (The part I added in bracket part is unambiguous in your sentence.)
Coinbase doesn't have its own coin, for example. (That is the main thing that I would think would make someone "not neutral".)
Can you explain your thinking, or tell me what facts I'm missing?
Re: Coinbase Index Fund
#127How does this compare to Bitwise?
Bitwise has better diversification across top 10 currencies based on market cap. Coinbase has lower entry point of $10k minimum v/s $25k minimum required by Bitwise.
Re: Coinbase Index Fund
#128Warning: you may want to read up on all the major problems Coinbase have had & are having with locking people’s funds up and going unresponsive before giving them actual money.
Frustrating that they’re still launching new products instead of fixing what’s broken.
Re: Coinbase Index Fund
#129This looks pretty similar to Crypto20, https://crypto20.com/en/. However, Crypto20 is explicit about your token giving you proxy ownership of the underlying assets. I am not an expert so i'm not sure if it's a scam or not, but so far it seems reasonable. Much less stressful than maintaining one's own portfolio, too.
Re: Coinbase Index Fund
#130"Index fund" has a meaning if the economy itself the fund is built on top of is stable. For example, stock market index fund makes sense because stocks are built on top of capitalism, which has proven to work for a long time. Nobody would buy a index fund from a communist country, because time has proven communism is not profitable. I think people are missing the point if they're investing in crypto index funds, beca…
>>For example, stock market index fund makes sense because stocks are built on top of capitalism, which has proven to work for a long time. Nobody would buy a index fund from a communist country, because time has proven communism is not profitable. That is not what index funds are for, or aren't for, at all. Parts of bond index funds I own are invested in "communist" countries and I'm glad to have the diversification…
There is no communist country in the world right now...