[mifeng]

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.

[mifeng]

Edit: don't do this on coinbase, buy on GDAX instead (same login as coinbase)

[opk]

This is assuming that you can trust the market capitalisation values. I'd bet that far more BCH is in lost wallets than LTC because it started as a a BTC fork.

[keyle]

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

[rocqua]

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.

[elif]

LTC was just surpassed by BCH in transaction volume. It's creator peaced out two months ago.

Dunno if an unused payment channel means more than stuff like that.

[optimuspaul]

peaced out? Like dead, unconscious, or just left?

(is it just me or is HN becoming more unreadable due to increased usage of slang?)

[elif]

(I have been here 4 more years, so your aside doesn't withstand basic reasoning. I would also caution you that it walks the line of HN policy)

[optimuspaul]

Sorry, I meant no offense... I've been very confused lately with people using slang or ambiguous wording. Could be because I'm getting old. I do remember back in the 80's when "peace out" was a popular saying, it basically meant goodbye. In the 90's it evolved, saying one "peaced out" meant they had died usually murdered. I can't keep up on what it could mean now, so I asked. Perhaps my parenthetical went too far, it wasn't meant as an attack, just observational humor?)

[DaiPlusPlus]

He (claims that he) sold/divested all of his LTC right around the peak in December because he wanted to be neutral in its development.

[iopuy]

He also then donated the proceeds to Litecoin development.

[gkfasdfasdf]

That's neat but you would have to pay 4 separate transaction fees each time you buy or sell.

[lesss365]

Not if limit orders are placed on Coinbase's GDAX exchange

[b4lancesh33t]

I'm not sure this is such good advice. It means you're guaranteed to miss out on high appreciation of anything but the largest coins. That's all well and good for a less volatile scenario like the stock market where the top20 is pretty well correlated with the top2000. But given the volatility of digital assets, i would worry that this strategy leaves more on the table.

[mifeng]

Note that I conditioned the advice with "if you want to buy this Coinbase index fund." The fund only has those 4 coins.

[b4lancesh33t]

Oh. I thought for some reason that their index included the top 25.