Bitcoin and Crypto Broker Coinbase Preparing to Launch Its ...

Complete Guide to CoinBase

Coinbase - The reference platform for investing in cryptocurrencies: here is the complete guide.
Coinbase is currently the most famous website or web platform for trading cryptocurrencies. This is not a classic Exchange but a real Broker that allows you to buy, sell and convert many of the main cryptocurrencies - Bitcoin and Ethereum among others - using traditional currency such as the Euro. In this complete guide to Coinbase we will try to explain all its features in detail.

Founded in 2012 by Brian Armstrong and Fred Ehrsam, it was born as a simple online Bitcoin wallet. Over time it has transformed into a cryptocurrency trading site that now reaches over 33 countries.

Being a broker, registering on the site requires all the necessary steps (KYC) to verify the user who holds the account. By signing up via the following secure link you can immediately earn 10 Dollars which will be credited to you by Coinbase.

Complete Guide to CoinBase
Coinbase as well as an intermediary for the purchase and sale of over 15 cryptocurrencies directly in Euro, also provides a real exchange (crypto exchange site) called Coinbase Pro (ex-GDax): The exchange behaves as a normal stock trading site with purchases and sales in real time with obviously much lower commissions when compared with those of classic trading platforms.

What Coinbase Pro offers.
Coinbase can receive crypto from other exchanges and specifically generates more permanent online wallets that will always remain at your disposal. To all intents and purposes, Coinbase's main task is to act as an archive for its cryptocurrencies for all those who do not want to try their hand at decentralized wallets.

The transfer between Coinbase and Coinbase Pro, for example, will be quick and free (but this does not apply to other exchanges) thus allowing all those who wish to trade between the main cryptocurrencies to be able to avoid expensive passages on other exchanges. Coinbase Pro allows you to exchange a range of cryptocurrencies with each other higher than that of its brother site but at a much lower cost. While on Coinbase the exchange between cryptocurrencies involves the payment of a maximum commission of 2%, on Coinbase Pro the rates fluctuate between 0.15 and 0.25%. Values ​​that will tend to decrease as the volumes traded increase.

The Coinbase account will also allow you to operate on Coinbase Pro. However, an additional request for user verification via Webcam may occur. All these levels of security are obviously necessary to protect customers and comply with the stringent regulations of the various countries in which the company operates.

Thanks to the guide, let's see what the interface shows us.
In this complete guide to Coinbase we also want to clarify the visual aspect. Once inside the site you will find yourself in the Dashboard or Home Page which will show from top to bottom the value of your Portfolio with its historical graph, the list of cryptocurrencies that you decide to keep under observation, a box that shows the 5 heaviest cryptocurrencies in your Portfolio (a pie chart is also available) and a second box with the latest transactions.

In the center of the page there is also the link to register with Coinbase Earn. By subscribing to the waiting list, you will have the opportunity to receive an invitation that will make you earn additional cryptocurrencies simply by following some very short video courses lasting a few minutes.

In addition to the Home Page, there is the Prices page with the listing of all the cryptocurrencies available on Coinbase and a very long list of those not available. By selecting the star on the right you can decide which ones to always keep in the foreground on the home page. Clicking on one of them will open a new screen that will offer a large amount of technical and historical information on the crypto in question as well as a fair number of constantly updated news.
Your funds are well organized.

The Portfolio page will report the amount of the balance in Euro of all the cryptocurrencies deposited on Coinbase. Here you can send and receive crypto to external wallets.
By clicking on Overview you will be sent back to the Prices page just described.
The Safe item, on the other hand, allows you to set aside cryptocurrency at a higher level of security.

Finally, a brief description of the "Make Transactions" item visible at the top right and present in almost all Coinbase pages. By clicking on it in any position you find it on the site, a small screen will open with the items "Buy, Sell, Convert". To purchase, you will first need to associate a payment method to your account. The Credit Card would be the most immediate choice due to its rapidity in crediting if it were not for the high commissions required by Coinbase. We therefore recommend that you be patient and use a normal Sepa standard bank transfer to credit the funds.

Selling your cryptocurrencies on Coinbase, depositing them in your Euro account, is simple and immediate as well as foolproof thanks to the Preview that will always be shown before confirming the transaction. This will involve the payment of a commission between 0.99 and 2.99 Dollars.
Rather high fees due to its wallet nature. For those who love trading, we obviously recommend moving to the Pro version.

The site offers a complete and comprehensive technical support page: https://support.coinbase.com/

We conclude this complete guide to Coinbase with a note on the mobile versions. There are two versions of for smartphones: a standard one called Coinbase Bitcoin Wallet and a personal one called Coinbase Wallet.
This second app allows you to transfer your cryptocurrencies from Coinbase Standard to an encrypted wallet on your smartphone (Coinbase Wallet).
The substantial difference is the following: Coinbase Standard is an online wallet and therefore subject to the remote risk of an external cyber attack while Coinbase Wallet stores the encryption key locally on the phone.

https://play.google.com/store/apps/details?id=com.coinbase.android

https://play.google.com/store/apps/details?id=org.toshi

We remind trading enthusiasts of the availability on our blog of the article dedicated to Exodus Wallet.


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An analysis of BTC fundamentals

Disclaimer: This post is not an endorsement to either buy or sell Bitcoins. I am simply attempting to outline the reasons why there is inherent value in Bitcoins, as well as the risks that come with investing in a crypto-currency. In full disclosure, I personally own and use them, but only a very small portion of my overall portfolio which I would be ok if BTC went to 0 tomorrow.
Purpose: I’ve been seeing a lot of doom and gloom (as well as irrational exuberance) in a lot of posts lately, and a lot of people saying this or that with no evidence or fundamentals to back up their claims. So I wanted to put my thoughts and experiences [more about me below] out there in the hopes that people actually serious about utilizing Bitcoins (BTC from here on) might find this information helpful, as well as to connect with and solicit thoughts from anybody else that’s done research on the future of BTC. Also mods: I searched through old posts and the FAQ but couldn’t really find anything like this, so let me know if there is a more appropriate place to post this. I can also add hyperlinked sources to this to make it a reference document if there is interest.
Summary/tl;dr: The fundamentals underlying the intrinsic value of Bitcoins haven’t changed. In fact, they continue to improve day-by-day, as merchant and user adoption increases. As long as this trend continues, and certain risk factors - see below - are minimized, BTC will eventually become widely accepted as a currency.
That being said, you should never “invest” more money than you are willing to completely lose, or money that you would otherwise need for living expenses. Otherwise, you are gambling. (I put “invest” in quotes because I believe BTC are currently far too speculative to be considered an “investment.” This may change in the future, but the technology is still so new, and there are so many unknowns, that it should not be considered anything more than a speculative investment at this point.)
This has happened before and it will happen again: This week hasn’t been good for those holding Bitcoins. In fact, if you invested in BTC anytime in the past year, I’d say it’s been a pretty shitty year, period. But the thing is, we’ve seen this type of thing in financial markets before, almost exactly to a t, and how they tend to play out. There have been various bubbles of all shapes and sizes throughout history, and the run-up in prices earlier this year, was no exception. However, unlike the critics, I believe BTCs are different, as there is significant intrinsic value in the BTC network and BTC as a value store - which I outline below.
I also think it’s useless to speculate about the direction of BTC in the short to medium-term (I would argue the price adjustment has been a good thing for the long-term), so to me the only meaningful way to analyze what’s going on is to examine the fundamentals (apologies if a lot of this is basic, but I wanted to cover all the key points as I saw them):

Value:

So I’ve briefly outlined above some pretty clear reasons why there is inherent value in BTC, and the reasons why I personally am optimistic about the long-term future and will continue to use them. That being said, I’ve also identified several primary risk factors that worry me as a long-term investor, ones that all holders of BTC should be aware of. Please, if you know or can think of any others, reply or PM me so I can add them to this list:

Risks:

I could go on, but those are the major value and risk factors I see. If you have anything to add, please feel free.
So, in the context of everything I said above, I’d like to talk about what happened this week in particular:
I believe this week’s price movement (as of me writing this, has been a 25% drop) is a result of several factors:
  1. News that US Dollar is very strong
  2. Capitulation: I don’t have the ability to do Technical Analysis on BTC right now, but just eyeing the 1-year chart, it looks like $400 was a key support point for the price of BTC. Once it broke through that, psychological barriers were broken and selling cascaded.
  3. Russia and China potentially banning BTC
And that’s it. That’s all I can find about Bitcoins in the news. The value fundamentals I listed have not changed one bit, and if anything, the rate of user adoption has increased as more people are learning what it is.
Which is why I’m excited about the future of BTC. It’s a product that I use and like, and see tremendous value for. This week’s sell-off just means I can buy more.
About me:
In a past life, I was an equity research analyst responsible for due diligence, fundamental/technical analysis, and making recommendations to the PM on which stocks a certain mutual fund should buy or sell. This meant reading through a lot of annual reports, financial statements, 10-K, 10-Q, shareholder calls, etc… My primary influences were Warren Buffett, Philip Fisher, and Ben Graham. If you recognize these names, you’ll probably guess that I was a value investor1 , and you’d be right. The fundamental premise behind value investing, for those that don’t know, is that you can find companies that are trading at a discount to their “true” intrinsic value, and thus can make money by buying the stock at a low price and selling when the market has realized the fair value of the company and the price has subsequently gone up. This is essentially how Warren Buffett built Berkshire Hathaway and became the world’s richest man (for a short period); his strategy has since greatly evolved, but this was the core philosophy he used for a long time.
1 Utilizing this strategy, our fund bought a significant stake in AAPL when the price per share was less than the amount of cash per share the company currently held (split adjusted something like ~$2 per share when we bought). It hasn’t all been a bed of roses, we’ve made some not-so-great investments, but that’s a story for a different time :)
Edit: Paragraphs within bullets? How do you do them?
submitted by owpunchinface to Bitcoin [link] [comments]

Yale University Has Invested in Two Cryptocurrency Funds

The “herd” of institutional investors that cryptocurrency bulls such as Mike Novogratz have perennially said is just over the horizon is finally making an appearance, as reports have emerged that one of the world’s largest university endowments has invested in two cryptocurrency funds.

Yale University Endowment Makes Cryptocurrency Play
Citing an anonymous source familiar with the matter, Bloomberg reports that Yale University, the Ivy League school whose endowment is the second-largest in higher education, has invested in Paradigm, a cryptocurrency fund founded by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Pantera Capital veteran Charles Noyes.

Including Yale’s investment, Paradigm has raised $400 million to invest in the cryptocurrency space, making it one of the largest such investment funds alongside Pantera, Polychain Capital, and Andreessen Horowitz (a16z).

Concurrently, CNBC reports that David Swenson — Yale’s “Warren Buffet” — invested university money in Andreessen Horowitz’s $300 million cryptocurrency fund, which the firm announced in June. Notably, a16z said at the time that it does not intend to be a fair-weather investor.

“We have an ‘all weather’ fund. We plan to invest consistently over time, regardless of market conditions. If there is another ‘crypto winter,’ we’ll keep investing aggressively,” the firm said at the time.

Yale’s endowment currently stands at $29.4 billion, a record high, following a return of 12.3 percent during the fiscal year that ended on June 30. A majority of those assets, 60 percent, are directed at alternative investments. Over the past decade, the university has returned an average of 7.4 percent, beating the 5.5 percent average university endowment return by a sizable margin, according to the Yale Daily News.

Earlier this year, John Lore, founder of Capital Fund Law Group, suggested that academic institutions had begun to invest in cryptocurrency on a “limited basis for strategic reasons,” though he declined to name the endowments.

It’s not clear how much capital Yale contributed to Paradigm and a16z — and it should also be noted that the endowment has not confirmed the news publicly — but the size of the investment might not matter. Ari Paul, chief investment officer at cryptocurrency hedge fund BlockTower Capital and a former portfolio manager at the University of Chicago’s endowment, said in April that he thought it was “inevitable” that endowments would dip their toes into the cryptoasset space, a move that he said would convince other institutions to make similar bets.

“We’re in a bear market until new buyers are enticed,” he said. “Even a small dollar amount is legitimizing. If that happens, every family office says, ‘Oh, Yale’s in. That gives us the excuse.’”

Paul’s forecast is beginning to come true, at least per the reports. The next major step will be when, rather than entrust capital to digital asset investment funds, university endowments and pensions themselves begin investing directly in the cryptocurrency market.

A key hurdle toward realizing this has been the shortage of regulated cryptocurrency custodians, particularly among the respected Wall Street banks with whom endowments are comfortable working. However, as CCN reported, three of the largest investment banks in the U.S. — Goldman Sachs, Citigroup, and Morgan Stanley — are said to have been building out custody products for cryptoassets.

Meanwhile, Bakkt — the cryptocurrency wing of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) — will begin offering physical warehousing for bitcoin in November, allowing institutions to easily trade BTC in a regulated environment overseen by one of the world’s largest exchange operators.

Billionaire macro trader Mike Novogratz, a longtime bitcoin bull who has nevertheless pared back his short-term price forecast in recent weeks, gave a speech in late 2017 titled, “The Herd is Coming,” in which he argued that institutional investors are not far off from making a significant crypto play. Throughout the current bear market, he has maintained that, although the cryptocurrency market has heretofore been driven by retail enthusiasm, the next rally will be fueled by institutions.

As CCN reported yesterday, Wall Street strategy firm Fundstrat recently conducted a recent poll of cryptocurrency investors which found that, perhaps contrary to popular perception, institutional investors are more bullish on bitcoin than their retail counterparts. According to the survey, a majority of institutions expect the flagship cryptocurrency to end 2019 above $15,000, an increase of about 130 percent from its present level below $6,600.

Source: CCN

submitted by Dieterich7 to FINAWIKI [link] [comments]

How does Coinbase set the price of each Bitcoin?

I know that we're all excited about the decentralized nature of Bitcoin, but doesn't it seem contrary to our enthusiasm that there are a small number of CENTRALIZED companies which are independently setting the price of each Bitcoin?
I'm primarily thinking of Coinbase, but also BitStamp, BTCChina, CampBX, and BTC-E. There is no transparency about how these companies are setting the price of each Bitcoin.
In regards to CoinBase, the CEO's background is with Goldman Sachs. That doesn't necessarily scream "honesty and transparency" to me. It should actually cause all of us to run in the other direction, no? Fred Ehrsam still has an ongoing relationship with Goldman Sachs to this day, as he helped co-author their recent paper on Bitcoin. Even in Fred Ehrsam's interview with Kevin Rose, he specifically refused to answer the question about how they set the price of each Bitcoin! He would not answer that question!
As we saw with Mt. Gox, they were just arbitrarily setting whatever price they thought would help get them out of their fractional reserve situation. Now granted, the current exchanges seem to be way more professional than Mt. Gox and are probably not operating under a fractional reserve situation, but regardless, the one mystery question remains:
How are these companies going about setting the price of each Bitcoin? It's clear that these companies are controlling the price of each Bitcoin. Isn't that completely contrary to the decentralized nature of Bitcoin that we all embrace so overwhelmingly? Shouldn't the price be set by the market instead of these companies?
It's particularly odd that the price of one Bitcoin on Coinbase has remained remarkably stable over the last month -- almost down to the penny. Even Apple's stock on the NASDAQ has had more volatility than Bitcoin, which strikes me as extremely peculiar. It's as if Coinbase is simply "testing the waters" with an arbitrary price point, and then holding the price there for now to see what happens.
Thoughts?
submitted by scotty321 to Bitcoin [link] [comments]

Coinbase Demo - Bitcoin Wallet - With co-founder Fred Ehrsam What is Bitcoin?  Fred Ehrsam  Google Zeitgeist - YouTube Coinbase's Co-Foundder Ehrsam on Bitcoin and the Future of Blockchain Coinbase's Ehrsam on Bitcoin and the Future of Blockchain SFBW19 - Fireside Chat Fred Ehrsam & Andy Bromberg

Fred Ehrsam: “Investors Put Their Money Where Their Mouth Is By Betting on Bitcoin As a Technology Trend” January 20, 2015 By JP Buntinx Leave a Comment Today’s big news is not about the Bitcoin price for a change, but rather about CoinBase closing a US$75m financing round, the highest amount to date for any Bitcoin start-up company. The leading US cryptocurrency exchange Coinbase may be gearing up to launch its own token. In a new interview on the Unchained podcast, Fortune senior reporter Jeff Roberts says news that the high profile Bitcoin (BTC) exchange is preparing for a listing on the stock market is not surprising. He’s more interested in the possibility that the firm may issue a token offering alongside an ... An aggressive Bitcoin trade got crypto VC shop Paradigm flying out of the gate. But Fred Ehrsam and Matt Huang aim to do more than just generate outsized returns for their blue-blooded backers — they want to take alt-currencies into finance's mainstream. Fred Ehrsam, a Goldman Sachs alum, joined the venture and gave Coinbase credibility with the banks that would be wiring money to it. Venture capitalists, led by Andreessen Horowitz, have showered ... You are here. Home. Fred Ehrsam

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Coinbase Demo - Bitcoin Wallet - With co-founder Fred Ehrsam

On February 16, 2017, High Fidelity CEO Philip Rosedale and Fred Ehrsam, co-founder of Coinbase, held a discussion in-world about the potential uses of blockchain in VR. Watch it here! _____ At ... Coinbase Demo - Bitcoin Wallet - With co-founder Fred Ehrsam - Duration: 21:40. Naation 313 views. 21:40. Good Morning Music VR 360° Positive Vibrations - 528Hz The Deepest Healing - Boost Your ... Fred Ehrsam talks about Bitcoin, the first ever global digital currency network and how it is fast, cheap, borderless, and can support small payment transactions. Google Zeitgeist is a collection of talks by people who are changing the world. Hear entrepreneurs, CEOs, storytellers, scientists, and dreamers share their ... SFBW19 - Fireside Chat Panelists: Fred Ehrsam, Paradigm Andy Bromberg, Coinlist San Francisco Blockchain Week: https://sfblockchainweek.io/

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