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How is robinhood not going to be a YUGE deal for btc and eth?
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Date: January 27th, 2018 2:42 PM Author: razzmatazz olive kitty (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35253976) |
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Date: January 27th, 2018 2:45 PM Author: vivacious pocket flask garrison why would greedy whales ever give their money to an app named RobinHood? LOL (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35253991) |
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Date: January 27th, 2018 2:51 PM Author: green temple I don't think that's the implication (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35254034) |
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Date: January 27th, 2018 3:04 PM Author: razzmatazz olive kitty Lol (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35254111) |
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Date: January 27th, 2018 4:24 PM Author: harsh kitchen (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35254604) |
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Date: January 27th, 2018 8:10 PM Author: exciting canary home (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35256070) |
Date: January 27th, 2018 2:53 PM Author: Arousing translucent rigpig blood rage (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35254039) |
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Date: January 27th, 2018 2:56 PM Author: Obsidian provocative set (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35254061) |
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Date: January 27th, 2018 3:11 PM Author: Sick bossy forum incel Easier than buying ETH with a credit card? (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35254159) |
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Date: January 27th, 2018 4:33 PM Author: orchid bbw stead Load up on btc now (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35254643) |
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Date: January 27th, 2018 6:02 PM Author: Walnut address associate a) there is significant overlap in the type of people who use robinhood (read: fairly high income white/azn tech-familiar yuppies 22-35) and would already know about crypto b) it wouldn't drive much volume in the first place. the amount bought would still pale in comparison to korean daytrading housewives, bots, and whales/funds shifting money around |
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Date: January 27th, 2018 7:34 PM Author: razzmatazz olive kitty Maybe but they got a million sign ups
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Date: January 27th, 2018 8:17 PM Author: excitant coffee pot this post whiffs on boats what drives bitcoin price at this point and the actual effect of robinhood.
coinbase is in the top ten most downloaded apps.nothing kept people from buying cryptos prior to this move. the only effect is some incremental goodwill in peoples minds as to bitcoins legitimacy fwiw
and even if it did make more retail guys buy crypto it would’ve do anything at all. bitcoin and ether are now big enough that individual investors are meaningless and narratives about people spreading the word over the holidays should just say “i don’t know what the fuck i’m talking about.” institutional money hedging futures exposure is the only story that matters for now. |
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Date: January 27th, 2018 8:40 PM Author: Obsidian provocative set https://twitter.com/BKBrianKelly/status/957241047087833088 (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35256267) |
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Date: January 28th, 2018 3:14 AM Author: Gold doctorate What companies "ban" employees from crypto and how would they even enforce it? Ljl (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35258586) |
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Date: January 27th, 2018 9:29 PM Author: razzmatazz olive kitty C what unfolds (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35256555) |
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Date: January 27th, 2018 9:25 PM Author: honey-headed dog poop personal credit line Fees matter. Low/no fees = more BTC/ETH bought, overall. But I think some of the articles I'm reading are way overstating the case.
Coinbase charges 1.5%. A no fee alternative isn't going to suddenly make people flock into crypto. I can certainly see buyers already in the crypto space moving to Robinhood. Or new investors choosing Robinhood over other alternatives. Or current Robinhood members starting to dabble in crypto now that BTC/ETH will be offered. But I don't see how this will independently cause a big surge in BTC/ETH.
Edit: looks like Robinhood is going to offer a bunch of different cryptos. This will hurt ETH/BTC, imo. |
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Date: January 27th, 2018 9:32 PM Author: Domesticated People Who Are Hurt what will cause a surge is Wall Street going long on BTC futures, which overall they're doing for the next contract. Asian whales want to ensure Wall Street goes all in, that's why BTC prices have conveniently conformed with futures contracts and the price has been (artificially kept) down this past month. (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35256572) |
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Date: January 27th, 2018 10:02 PM Author: honey-headed dog poop personal credit line I'm aware of the futures contracts, but it doesn't seem like enough volume to really move the market. Seems like people are FUD selling/buying on the expectation of the price moving at the end of the contract. (http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7#35256798) |