Weekly Update #2

(Nov. 4, 2018 — Nov. 11, 2018)

Coinplan is an automated cryptocurrency wealth management platform where retail investors can invest in diversified portfolios of cryptocurrencies that are automatically rebalance and managed to avoid losses in the volatile cryptocurrency market. Our weekly updates give our growing community a quick progress report with announcements, features and insights from our team. To continue the conversation, shoot me an email at chris@coinplan.io or chat with us at www.coinplan.io.

Announcements

1. Our first batch of curated portfolios have been crafted. The one-click investing portfolios will be the Coinplan Bitcoin Hedge, Coinplan Ethereum Hedge, Coinplan Crypto Leverage and Coinplan Crypto Hedge. Each portfolio is a combination of bitcoin, ethereum and DIA (as a stable-coin hedge). The first batch of portfolios will be equally-weighted with personalized portfolio stop-losses based on client preferences.
2. We’re working with a top-quality provider for KYC. Client on-boarding will be streamlined and secure so you can get to investing quicker and easier than ever before.
3. One of our focus groups this week further validated our idea that people hate to lose more than they like to win, especially when it comes to money. It turns out there is quite a bit of psychology behind our intuition on loss aversion, too. Coinplan’s Smart Stop-Loss technology lets you sleep soundly knowing your crypto investment is being looked after. If you’re not familiar with loss aversion, here is an article from a Stanford psychologist explaining it more: Loss Aversion Article.
4. We’re still conducting user interviews to better understand what makes you excited about crypto, our automated crypto investing, and what frustrates you about the current landscape of crypto investing. For a quick 10 minute chat with us, we’ll add another $10 to your account. Fill out this form and we’ll reach out soon.

Insights

Our thoughts from this week in crypto.

• CFTC Chairman says distributed ledger technology can help automate regulation. J. Christopher Giancarlo, the Chairman of the Commodities Future Trading Commission (CFTC), address blockchain technology at the D.C. FinTech Week Conference with high praise. This is another positive sign that regulators are seeing value in blockchain and cryptocurrencies. Full story HERE.
• Bitcoin Cash is about to undergo a “hard fork” A hard fork in cryptocurrency means that the cryptocurrency will split in two and form an alternative blockchain. For Bitcoin Cash, this isn’t the first time this has happened. Bitcoin Cash was actually created through a hard fork from bitcoin core (the bitcoin you’re familiar with). Hard forks happen in cryptocurrency when new there is disagreement in the supporting community on an update to the blockchain. For example, when bitcoin cash forked from bitcoin core, the disagreement was on a more efficient way to process transactions that resulted in faster transactions and lowered fees. The new bitcoin cash created will be called Bitcoin Cash Satoshi Vision (BCHSV). More info
• Two major banks complete a $150 million loan on the blockchain. BBVA, a major Spanish bank, and others syndicate a loan by using smart contacts on a blockchain. BBVA further said that this could revolutionize the lending industry because what once took weeks could now be done in 24 hours. Full Story

Leading Spanish Bank Uses Blockchain Loan

Thanks for reading and we’ll have another update on our progress next week! As always, shoot me an email at chris@coinplan.io for more information about the future of automated crypto investing.