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Coinbase Index Fund

blog.coinbase.com

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Re: Coinbase Index Fund

#261

Post by afishisafish »

rektlessness wrote: post #136
justinalanbass wrote: post #61

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 suggest those interested in Crypto Index Traded Funds to look into Crypto20. This fund provides a way to track the performance of the crypto markets as a whole by holding a single crypto asset. "Crypto20 is a tokenized, closed-end index fund (CEF) which passively tracks the top twenty cryptocurrency assets by market capitalisation. All profits are reinvested into the fund." Here is the link to the whitepaper for th…

There's also the Dutch https://triaconta.com which offers the Combicoin as an ERC20 token on the Ethereum network.

Re: Coinbase Index Fund

#262

Post by bloak »

cocktailpeanuts wrote: post #130
icelancer wrote: post #117

Earlier quoted context omitted.

>>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...

Was there ever? The Warsaw Pact countries had "communist" parties, but the country itself was usually called "socialist", and the propaganda tended to refer to "building socialism", as if they hadn't even finished socialism yet, let alone communism. So "communism" seemed to be a sort of nirvana that people were supposed to eternally strive towards rather than something that they could claim with a straight face they already had.

Anyway, China is ruled by a "communist" party, and I guess they have as much right as anyone else to decide what they mean by "communist", or whatever the corresponding expression in Chinese is.

Of course the lack of consensus about what "communism" means is as nothing compared with the confusion about what "capitalism" means. We can't just follow Marx because Marx was writing about a world (19th-century England) that no longer exists.

Re: Coinbase Index Fund

#263

Post by andypants »

hanniabu wrote: post #202
thinkmassive wrote: post #186

Earlier quoted context omitted.

> 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.

Does that mean you also have to pay transaction fees for every trade, and wait for confirmations, etc.?

Re: Coinbase Index Fund

#264

Post by keyle »

mifeng wrote: post #208
justinalanbass wrote: post #61

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…

If you want to buy this Coinbase index fund, just do this: 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.

Interesting mix hey (theirs). I still wonder why bother with 4% LTC. You'd be better off doing 50, 50, 0, 25 imho.

Re: Coinbase Index Fund

#266

Post by philfrasty »

mkbkn wrote: post #249
haggenballs wrote: post #180

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…

Sounds awesome. Can't wait for weeks, have signed up. One request: Could you lower the monthly fee for people like me who are from India like in the range of $1 to $5 per month. $15 is a large figure for Indian common citizens.

I am genuinely interested: How do you feel about Saas pricing in general coming from India? Also how do Indian Saas products differ from e.g. US ones? Is it only the pricing point?

Re: Coinbase Index Fund

#267

Post by dajohnson89 »

e12e wrote: post #234
evrydayhustling wrote: post #207

Earlier quoted context omitted.

Besides the fact that it should cost nothing like 2% of AUM / year, securing the private keys pays for itself when they claim every fork/spin-off coin that distributes based on bitcoin blockchain.

Are you saying coinage handling bcc in a sane manner is the exception, not the rule? Are there any other forks that have enough value/liquidity that they should be "given back" to the buyers?

coinbase's handling of Bitcoin cash was far from sane. in fact it was generally understood to be a shitshow.

determination of value for forks should be made by us. the point is that it's free money, that an exchange could well be pocketing for itself.

Re: Coinbase Index Fund

#268

Post by rocqua »

keyle wrote: post #264
mifeng wrote: post #208

Earlier quoted context omitted.

If you want to buy this Coinbase index fund, just do this: 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.

Interesting mix hey (theirs). I still wonder why bother with 4% LTC. You'd be better off doing 50, 50, 0, 25 imho.

Isn't LTC the main coin that uses a lightning network ATM? Because if so, it is still a decent choice if you want a lightning network. BTC is moving in that direction, but it might still not go there.

Re: Coinbase Index Fund

#269

Post by pimmen »

If cryptocurrencies are the currencies of the future and they're not just an investment product for people who want to get rich on hype, prove it to me very simply; spend your cryptocurrency.

Really, it's that simple; use all of them to buy something disposable, or even invest them if you want, but if you can't bear the thought of being separated from them for something else then I just don't see how their deflationary model is offset by their ease of transaction. They're supposed to be the medium of exchange between valuable goods and services, they're not supposed to be the valuable good itself.

Re: Coinbase Index Fund

#270

Post by lawlessone »

ahtu123 wrote: post #81
AndrewGaspar wrote: post #25

"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 "index fund" is made out of four currencies, BTC, ETH, LTC, BTC cash. Just buy a bunch of those and you're "investing" in their "index". Also you don't have to pay their fee for their immense expertise in putting this together.

be tempted to do it with buying bcash.
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