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| In this BitCoin Register, you will learn about "Cryptocurrencies", "BitCoins" & "Cryptocurrency ETFs". | ||||||||||||||||||||||||||||||||||||||
| A. Cryptocurrencies . . . | ||||||||||||||||||||||||||||||||||||||
| 1. What is a "Cryptocurrency" ? | ||||||||||||||||||||||||||||||||||||||
| At it's core, a cryptocurrency is a decentralized "Digital" asset or money designed to be used over the Internet. A cryptocurrency is not issued or controlled by any government or other central authority. They are managed by "peer-to-peer" networks of computers running free, open-source software. Generally, anyone who wants to participate is able to. "Crypto" makes it possible to transfer value online without the need for a middleman like a bank or payment processor, allowing the cryptocurrency value to transfer globally, 24/7 for low fees. Cryptocurrencies are secure because all transactions are vetted by a technology called a "Blockchain". When using cryptocurrency, you don't need to provide personal information to the receiver, reducing the possibility your identity being stolen. Every transaction using a cryptocurrency is published publicly which means there is no room for manipulation of a transaction. The first cryptocurrency was established in 2008, know as "Bitcoin" and has evolved into a currency that can be used to buy goods or services or just held as part of an investment strategy. Today, there are thousands of cryptocurrencies but only about 62 that can be and are traded on a daily basis. An exchange called "CoinBase" has established a trading platform where these "tradable" cryptocurrencies can trade and current prices are listed for public viewing. | ||||||||||||||||||||||||||||||||||||||
| 2. How is "Blockchain" technology used ? | ||||||||||||||||||||||||||||||||||||||
| "Blockchain" is a specific type of Database. It differs from a typical database in the way it stores information. Blockchains store data in "Blocks" that are then "Chained" together. A cryptocurrency "Blockchain" is similar to a bank's balance sheet or ledger. Each cryptocurrency has it's own "Blockchain", which is an ongoing, constantly revivified record of every single transaction ever made using that cryptocurrency. Unlike a bank's ledge, a crypto "Blockchain" is distributed across participants of the digital currency's entire network, which are constantly verifying that the "Blockchain" is accurate, which means there is no central vault, entity, or database that can be hacked, stolen or manipulated. When a cryptocurrency transaction takes place, the details comes into that currency's "Blockchain" and is entered into a fresh "Block". Once that "Block" is filled with data, it is "Chained" onto the previous "Block", which makes the data chained together in chronological order. Because the "Blockchain" is posted across all networks, the data entered is irreversible and all transactions are permanently recorded and viewable to anyone. | ||||||||||||||||||||||||||||||||||||||
| 3. How is cryptocurrency generated ? | ||||||||||||||||||||||||||||||||||||||
| Most cryptocurrencies are "Mined" via a decentralized network of computers. "Mining" is also the mechanism that updates and secures the network by constantly verifying the public "Blockchain" ledger and adding new transactions. Anyone with a computer can "Mine" cryptocurrencies...however there is a procedure that not many individuals can undertake. Anyone "Mining" for a cryptocurrency needs to solve a very complicated math problem that takes a very large number of very fast computers all using an extraordinary amount of electricity. The first one to solve the math problem is "awarded" a cryptocurrency, which is recorded in a "Block". The amount of the cryptocurrency that is awarded varies by the currency. But what needs to be considered is the cost of the large block of computers and the cost of the electricity used to solve the math problem vs the value of the currency awarded. | ||||||||||||||||||||||||||||||||||||||
| 4. How is ownership of a cryptocurrency transferred ? | ||||||||||||||||||||||||||||||||||||||
| Cryptocurrencies use a technology called "Public-Private Key Cryptography" to transfer currency ownership on a secure and distributed ledger. A "Private Key" is an ultra secure password that never needs to be shared with anyone, with which you can send value on the network. An associated "Public Key" can be freely and safely shared with others to receive value on the network. | ||||||||||||||||||||||||||||||||||||||
| 5. How is the "Value" of a cryptocurrency determined ? | ||||||||||||||||||||||||||||||||||||||
| Since cryptocurrencies are not backed by anything or any government, the value of any cryptocurrency is determined by Supply & Demand. The more people who want to own a cryptocurrency will push the price or value of the currency up while the more owners of a currency who want to sell their currency holdings will push the price or value down. Cryptocurrencies can be very volatile in price. | ||||||||||||||||||||||||||||||||||||||
| 6. Where are cryptocurrencies traded ? | ||||||||||||||||||||||||||||||||||||||
| The easiest way to buy a cryptocurrency like Bitcoin is to purchase it through an online exchange like Coinbase. Coinbase makes it easy to buy, sell, send, receive and store bitcoin without needing to hold it yourself using something called "Public and Private Keys". Most buyers of cryptocurrencies leave them in their account at the exchange like Coinbase. Coinbase is an American company founded in 2012, headquartered in Wilmington, De. with website at www.coinbase.com and phone number 1-888-908-7930. There are currently 62 "tradable" cryptocurrencies listed on Coinbase including Bitcoin, Ethereum, Cardano, Tether, Bitcoin Cash, Litecoin, Uniswap, Chainlink, USD Coin, Stellar Lumens, Polygon, Ethereum Classic, EOS, Aave, Wrapped Bitcoion, Filecoin, Dai, Tezos, Cosmos, Maker, Algorand, Compound, Dash and more.... | ||||||||||||||||||||||||||||||||||||||
| How to participate in the Crypto Coin Market . . . | ||||||||||||||||||||||||||||||||||||||
| Recent Buyers paid only $8 to buy "Bitcoin Cash" . . . | "CoinBase" is an online Exchange where most Crypto Coins are traded. | |||||||||||||||||||||||||||||||||||||
| 1 | Individuals can open an account at "CoinBase" online using their name, email address, password, street address, city and state. Next, establishing a funding source like a bank account, debit card or Pay Pal to pay for purchases. | |||||||||||||||||||||||||||||||||||||
| 2 | CoinBase has established "Minimum Size Orders" that control how little the amounts of any of the Crypto Coins can be purchased. These Sizes can be changed by CoinBase. In addition, there are "Fees" charged by CoinBase that may be larger than the Minimum Order. | |||||||||||||||||||||||||||||||||||||
| CoinBase "Minimum Size Orders" for Crypto Coin Purchases . . . | ||||||||||||||||||||||||||||||||||||||
| Crypto- Currency | Description | Minimum Purchase per 1 Unit | Recent Price of Crypto Currency | Cost of Minimum Purchase | ||||||||||||||||||||||||||||||||||
| X | = | |||||||||||||||||||||||||||||||||||||
| 1. Bitcoin | The most popular crytocurrency invented in 2008. | 0.001 | x | $ 40,000 | = | $ 40.00 | ||||||||||||||||||||||||||||||||
| 2. Bitcoin Cash | A "Fork" of Bitcoin started in 2017 by Bitcoin activists. | 0.010 | x | $ 800 | = | $ 8.00 | ||||||||||||||||||||||||||||||||
| 3. Ethereum | 2nd most popular currency started in 2013. | 0.010 | x | $ 2,800 | = | $ 28.00 | ||||||||||||||||||||||||||||||||
| 4. Litecoin | Spinoff of Bitcoin started in 2011 and similar to Bitcoin. | 0.100 | x | $ 210 | = | $ 21.00 | ||||||||||||||||||||||||||||||||
| CoinBase charges "Fees" that could be more than the cost of the Minimum Purchase. | ||||||||||||||||||||||||||||||||||||||
| 2021 Year To Date Performance of the 4 popular crytocurrencies . . . | ||||||||||||||||||||||||||||||||||||||
| Currency | Start of 2021 Price of Coins | Minimum Purchase at Start of 2021 | Highest Price of Coins YTD in 2021 | Value of Minimum Purchase using Highest Price YTD in 2021 | Return on Minimum Purchase at Highest Price | Recent 2021 Price of Coins | Value of Minimum Purchase at Recent Price | Return on Minimum Purchase at Recent Price | ||||||||||||||||||||||||||||||
| 1. BTC | $ 28,990 | $ 29 | $ 64,899 | $ 65 | 124% | $ 41,524 | $ 42 | 43% | X | |||||||||||||||||||||||||||||
| 2. BCH | $ 343 | $ 3 | $ 1,642 | $ 16 | 379% | $ 840 | $ 8 | 145% | X | |||||||||||||||||||||||||||||
| 3. ETH | $ 738 | $ 7 | $ 4,384 | $ 44 | 494% | $ 2,891 | $ 29 | 292% | X | |||||||||||||||||||||||||||||
| 4. LTC | $ 124 | $ 12 | $ 359 | $ 36 | 190% | $ 216 | $ 22 | 74% | X | |||||||||||||||||||||||||||||
| The Minimum Purchase at the Start of 2021 uses the CoinBase Minimum Formula of .001 for BTC, .01 for BCH and ETH and .1 for LTC. As example, since the Bitcoin, BTC, was priced at $28,990 at the start of 2021, the Minimum Formula to purchase BTC is .001, so, $28,990 times .001 equals $28.99. That $28.99 was worth $64.89 when the Bitcoin BTC hit $64,899 in 2021 . . . a profit of $35.90, or a 124% Rate of Return. | ||||||||||||||||||||||||||||||||||||||
| Bitcoin ETF where investors can purchase as little as 1 share . . . | ||||||||||||||||||||||||||||||||||||||
| Name | Sym- bol | Description | Minimum Share Purchase | Start of 2021 Price | Highest 2021 Price | Return on Highest 2021 Price | Recent 2021 Price | Return on Recent 2021 Price | ||||||||||||||||||||||||||||||
| Grayscale Bitcoin Trust | GBTC | This ETF tracts the Bitcoin Market Price directly, less fees and expenses. One GBTC Share equals .00094716 Bitcoin. | 1 Share | $ 32.00 | $ 58.22 | 82% | $ 31.00 | -3% | ||||||||||||||||||||||||||||||
| This ETF was started 9/25/13. Bitcoin holdings is calculated daily at 4PM EST. Sponsor's Fee is 2% Annually. | ||||||||||||||||||||||||||||||||||||||
| CAUTION : Bitcoins and other Cryptocurrencies are very volatile. Always consult an Investment Professional before investing. | ||||||||||||||||||||||||||||||||||||||
| B. Bitcoin . . . | ||||||||||||||||||||||||||||||||||||||
| 1. What is a "Bitcoin" ? | ||||||||||||||||||||||||||||||||||||||
| Bitcoin was created by Satoshi Nakamoto, a pseudonymous person or team who outlined the technology in a 2008 white paper. Bitcoin was designed to be decentralized so that any two people, anywhere in the world, can send bitcoin to each other without the involvement of a bank, government or other institution. Bitcoin is used as a medium of exchange, a store of value and a unit of account, which are all properties of money. Meanwhile, it only exists digially and there is no physical version of it so you cannot hold it or see it. It is only on a computer in the form of a transaction on a "Blockchain". When you purchase a bitcoin, you control it through a private key, a string of randomized numbers and letters that unlocks a virtual vault continuing your purchase. Each private key is tracked on the"Blockchain" virtual ledger. New bitcoins are "mined" by huge computer networks using large amounts of electricity to solve complicate math problems. It is estimated that new bitcoins are mined every 10 minutes or so and the winner of the math problem is awarded 12.5 bitcoins in 2020. That number will drop every 4 years. The original bitcoin network set up the number of bitcoins to be allowed to be "mined" not to exceed 21 million. In 2020, it was estimated that there is still around 3 million bitcoins to be mined which means the last bitcoin block to be "mined" in 2140. | ||||||||||||||||||||||||||||||||||||||
| 2. What is the High and Low Prices for Bitcoin ? | ||||||||||||||||||||||||||||||||||||||
| The price, or value of a bitcoin at the very beginning was $1. The highest price known by the Coinbase Exchange is $64,899 on 4/13/21. Bitcoin started 2021 at a price of $28,990 so that the high price on 4/13/21 was a respectable return of 124%. | ||||||||||||||||||||||||||||||||||||||
| C. Cryptocurrency ETFs . . . | ||||||||||||||||||||||||||||||||||||||
| 1. What is the status of Cryptocurrency ETFs ? | ||||||||||||||||||||||||||||||||||||||
| An ETF designed to have it's sole purpose to provide expose to a Cryptocurrency like Bitcoin has not yet been approved by the U.S. Securities and Exchange Commission. At least 6 ETF applications have been submitted to the SEC including large Financial Institutions like Fidelity. The SEC seems to be concerned about "Risk" and "Liquidity" in the Cryptocurrency markets. Some familiar with that market suggest that the first U.S. ETF may be approved in 2022. Canada approved its first Bitcoin ETF in early 2021. | ||||||||||||||||||||||||||||||||||||||
| 2. What ETFs are currently available to trade ? | ||||||||||||||||||||||||||||||||||||||
| Investors can currently trade ETFs including Canadian ETFs that invest directly in cryptocurrencies, ETFs of Exchanges that provide platforms where cryptocrurrencies are traded, ETFs of Companies that are involved in cybersecurity technology, ETFs that are Index Funds holding several cryptocurrencies, and ETFs involved in Blockchain technology. | ||||||||||||||||||||||||||||||||||||||
| D. Tradable ETFs . . . | ||||||||||||||||||||||||||||||||||||||
| Symbol | Name | Area | Description | Start of 2021 Price | Current 2021 Price | 2021 YTD % Return | ||||||||||||||||||||||||||||||||
| BTCC | BTCC Exchange | Crypto Coin Exchange | BTCC is one of the leading digital asset trading platforms in the world. Founded in 2011 in Shaghai. | $ 10.00 | $ 9.23 | -7.70% | ||||||||||||||||||||||||||||||||
| EBIT | Bitcoin ETF | Bitcoin | Canadian ETF that provides investors with exposure to the daily price movements of the U.S.Dollar price of Bitcoin. | $ 26.30 | $ 20.50 | -22.05% | ||||||||||||||||||||||||||||||||
| BTCX | Galaxy Bitcoin ETF | Bitcoin | Canadian ETF that provides investors with exposure to the daily price movements of the U.S.Dollar price of Bitcoin. | $ 7.90 | $ 6.42 | -18.73% | ||||||||||||||||||||||||||||||||
| GBTC | Bitcoin ETF | Bitcoin | Canadian ETF that provides investors with exposure to the daily price movements of the U.S.Dollar price of Bitcoin. | $ 32.00 | $ 35.50 | 10.94% | ||||||||||||||||||||||||||||||||
| BLOK | Transformational Data Sharing ETF | Blockchain | Managed ETF that invests at least 80% in companies involved in development and utilization of blockchain technologies. | $ 34.98 | $ 44.32 | 26.70% | ||||||||||||||||||||||||||||||||
| BLCN | NASDAQ NexGen Economy ETF | Blockchain | This ETF tracks the index of 50-100 global companies involved in developing, researching or using Blockchain technologies. | $ 40.75 | $ 46.25 | 13.50% | ||||||||||||||||||||||||||||||||
| LEGR | Innovative Trans. & Process ETF | Blockchain | Invests in Blockchain Index that has companies investing in, developing or have products in Blockchain technology. | $ 37.52 | $ 41.58 | 10.82% | ||||||||||||||||||||||||||||||||
| KOIN | Global Fintech Leaders ETF | Blockchain | Tracks an index that invests in companies using NLP algorithm as Digital Asset Providers. | $ 37.48 | $ 39.92 | 6.51% | ||||||||||||||||||||||||||||||||
| DAPP | Innovative Trans. & Process ETF | Blockchain | Invests in Blockchain Index that has companies investing in, developing or have products in Blockchain technology. | $ 37.65 | $ 24.36 | -35.30% | ||||||||||||||||||||||||||||||||
| BITQ | Global Fintech Leaders ETF | Blockchain | Tracks an index that invests in companies using NLP algorithm as Digital Asset Providers. | $ 24.54 | $ 22.38 | -8.80% | ||||||||||||||||||||||||||||||||
| BUG | Global X Cybersecurity ETF | Blockchain | Invests in companies that use cybersecurity technology in managing security protocols to prevent attacks on systems. | $ 28.24 | $ 25.77 | -8.75% | ||||||||||||||||||||||||||||||||
| CIBR | NASDAQ Cybersecurity ETF | Blockchain | This Index tracts companies using cybersecurity technology for managing security protocols to protect network operations. | $ 44.38 | $ 42.65 | -3.90% | ||||||||||||||||||||||||||||||||
| IHAK | iShare Cybersecurity & Tech ETF | Blockchain | Invests in companies that use cybersecurity technology in managing security protocols to prevent attacks on systems. | $ 40.35 | $ 38.82 | -3.79% | ||||||||||||||||||||||||||||||||
| BITW | Bitwise 10 Crypto Index Fund | Multiple Crypto Coins | This fund tracks the Index of the 10 most highly valued cryptocurrencies rebalanced monthly. | $ 60.39 | $ 66.50 | 10.12% | ||||||||||||||||||||||||||||||||
| GDLC | Grayscale Digital Large Cap Fund | Multiple Crypto Coins | Invests in large-cap digital currencies re-evaluated each quarter and re-weighted daily. | $ 19.03 | $ 33.00 | 73.41% | ||||||||||||||||||||||||||||||||
| ARKW | Next Generation Internet ETF | Blockchain | Holds companies that are involved in artificial intelligence, cloud computing, cybersecurity and blockchain technology. | $ 146.36 | $ 128.57 | -12.15% | ||||||||||||||||||||||||||||||||
| BTCCU | Purpose Bitcoin ETF | Bitcoins | First Canadian Bitcoin ETF allows investors to own actual Bitcoins in your portfolio. Can be bought and sold just like any ETF. | $ 10.00 | $ 9.23 | -7.70% | ||||||||||||||||||||||||||||||||
| ETHXB | Galaxy Ethereum ETF | Ether | Canadian ETF that invests in the digital currency Ether ( "ETH" ). ETH is a cryptocurrency like Bitcoin and uses Ethereum Blockchain. | $ 10.27 | $ 15.48 | 50.73% | ||||||||||||||||||||||||||||||||
| ETHHB | Purpose Ether ETF | Ether | First Canadian Ether ETF allows investors to own actual Ether in your portfolio. Ether ( ETF ) is a cryptocurrency like Bitcoin. | $ 10.00 | $ 14.87 | 48.70% | ||||||||||||||||||||||||||||||||
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