201–210 of 346 posts
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I had the same problems with re-balancing my own portfolio and ended up creating a trading bot that automatically diversifies my investment portfolio across the top 20 coins by market cap (10% capped). It is heavily inspired by the crypto20 whitepaper. For anyone that is interested, you can find the project here: www.hodlbot.io I'm about 1-2 weeks from the MVP launch. Only the top 20 coins by market cap fund will be…
> The bot requires users to have a Binance account ... (trade only, no withdrawal access) > Users will always own their own coins. To be fair, users do not actually own the coins if Binance owns the coins. Sounds like a cool bot though, and great looking site! I signed up for the private beta. Looking forward to the open source!
Mix it up with Vanguard and I ll move all my funds from Betterment to Coinbase.
I 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…
I didn't know an index fund was just a bundle of stocks.
Kudos to Coinbase for launching this but a 2% fee and the fact that Coinbase is far from being trustworthy in my book I am going to wait for when/if a company like Vanguard starts such a fund.
Before jumping on an index fund, a person on HN should at least consider the possibility that they may be better off doing some homework and reading up on the top 10 coins and then only investing in those that have a convincing technological basis- Index funds are not always a sensible strategy for markets that are as new as the cryptocurrency market, since proper price discovery in asset markets is a slow process that requires time.
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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
I 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…
1. Log into Coinbase
2. Buy [BTC, ETH, BCC, LTC] with [62%, 27%, 7%, 4%] weights
3. Check back in one year and rebalance
That's it! As an added bonus, you just avoided 2% fees and can "redeem" anytime.
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> The bot requires users to have a Binance account ... (trade only, no withdrawal access) > Users will always own their own coins. To be fair, users do not actually own the coins if Binance owns the coins. Sounds like a cool bot though, and great looking site! I signed up for the private beta. Looking forward to the open source!
Blocknet is an awesome open source project you may want to look into. It's an interoperability protocol and one example use-case project they built on it is a trustless decentralized exchange that allows you to trade directly from your wallet.
Earlier quoted context omitted.
I had the same problems with re-balancing my own portfolio and ended up creating a trading bot that automatically diversifies my investment portfolio across the top 20 coins by market cap (10% capped). It is heavily inspired by the crypto20 whitepaper. For anyone that is interested, you can find the project here: www.hodlbot.io I'm about 1-2 weeks from the MVP launch. Only the top 20 coins by market cap fund will be…
> The bot requires users to have a Binance account ... (trade only, no withdrawal access) > Users will always own their own coins. To be fair, users do not actually own the coins if Binance owns the coins. Sounds like a cool bot though, and great looking site! I signed up for the private beta. Looking forward to the open source!