March 28, 2024

An instrument on the Moscow exchange going in the direction of the crypt. How to make money on the Moscow exchange on the growth (fall) of the crypt..BlockChain economy. Opinion: when will the crypt fall and when will it grow.

Crypto wallets, lost keys, etc. risks, I would like to bypass them.
At the stage of reducing the Fed's balance sheet (in 2018.The Fed reduced the balance sheet by $0.5 trillion), in 2018. the cue ball has fallen by 85%.

At the end of 2022 - again tightening the monetary policy and reducing the balance: on this, the cue ball may fall, after which there will be growth potential.
I looked at what stocks there are on the Moscow Exchange from the blockchain economy indices.
There is the Nasdaq Blockchain Economy Index and there is the “Sber Blockchain Economy Index - Sber Index Blockchain Economy” (SBERBLEC).

Composition of the Sber Blockchain Economy Index:
An instrument on the Moscow exchange going in the direction of the crypt. How to make money on the Moscow exchange on the growth (fall) of the crypt..BlockChain economy. Opinion: when will the crypt fall and when will it grow.

Pay attention to the right column:
Sber pays taxes in the USA up to 30%, i.e.If you buy SBBE, you will be subject to double taxation: Sber pays up to 30% in the USA and you pay 13 - 15% personal income tax. Plus spreads (slippage) between market maker orders 0.4 - 0.7%, plus management and maintenance costs 1.35% per year,
IS IT TOO MUCH TO PAY EVERYONE IF THROUGH Sberbank???

I checked by ISIN, there are only 2 shares on the Moscow Exchangefrom this index: NVidia (strange, NVidia has a low correlation coefficient with the cue ball and they have an indirect relationship specifically to the Blockchain economy) and CoinBase (what you need: it goes in the direction of the cue ball, BTC).

CoinBase is the largest crypto exchange in the US.
Here's what they write about themselves:
“We are building a cryptocurrency economy - a fairer, more accessible, efficient and transparent financial system,
based on cryptocurrency.
We started in 2012 with a bold idea:
Every person in every country should have an easy and secure way to send and receive Bitcoin.
We now offer a reliable and convenient platform for accessing the wider cryptocurrency economy.”

CoinBase's revenue consists of three areas:

  • Transaction fee - 86%
  • Storage fee -1.5%
  • Other services - 11.3%
  • The exchange was founded in 2012 and is now being usedmore than 60 million individuals from 100 countries. At the end of 2020, the company had 43 million users, i.e. since the beginning of the year they have grown more than 30%. As of the end of March, assets worth $223 billion were traded on the exchange.

    CoinBase provides services to both private andinstitutional investors. These include services for buying, selling and storing cryptocurrencies, and a trading platform. Coinbase also acts as a depositary bank and owns the USDC stablecoin. In partnership with Visa, it provides a debit card that allows you to pay with cryptocurrencies anywhere.

    I see the following disadvantages of the Sber fund with the ticker SBBE (Blockchain economy) (Sber launched on December 30, 2021):

  • management costs up to 1.35% per year,
  • it is not transparent how Sber forms the Sber Blockchain Economy Index (it is not clear why Sber included NVidia, etc. in the index),
  • ETF SBBE on the Moscow exchange is not very liquid, between the market maker's orders the spread is 0.4 - 0.7%.
  • I built daily charts in QUIK on the Moscow Exchange:
    — orange candles and left scale — SBBE ETF (launched 12/30/2021),
    — green candles and right scale — Coinbase.
    An instrument on the Moscow exchange going in the direction of the crypt. How to make money on the Moscow exchange on the growth (fall) of the crypt..BlockChain economy. Opinion: when will the crypt fall and when will it grow.

    Coinbase is a rapidly growing company over the past 2 years.
    Expected reporting (2021 report will be released on February 10, 2022):
    An instrument on the Moscow exchange going in the direction of the crypt. How to make money on the Moscow exchange on the growth (fall) of the crypt..BlockChain economy. Opinion: when will the crypt fall and when will it grow.

    I will continue to monitor.
    I think when the US “tightens the screws” as much as possible with a 2+% rate increase and QT,
    There will again be expectations for a reduction in Fed rates (as in 2019) and the crypt may go up along with gold and other precious metals. metals.
    In March 2024 there will be another halving for BTC.
    Apparently, after halving, in 2024. Crypto and precious metals will become interesting again. metals.

    Write your thoughts in the comments or in the chat
    t.me/OlegTradingChat

    Respectfully,
    Oleg.