$GME and its like: I am watching Thos. Peterffy of #InterActiveBrokers on Bloomberg who shut down trading by retail on this short squeeze and options. I had considered a switch to his platform, but his poor defense of his actions and the disproportionate effect on retail investors is morally indefensible. I don't trade this stock or its options, but I would never trade on #RobinHood, #IAB, or #ETrade for this action. They are fine with the short shenanigans of large traders, but when retail profits they shut it down. They should all go down in a fiery then smoldering, continued, very expensive litigation. The market is, clearly, rigged against smaller players and this is perpetuated by the brokerages that serve them. Liquidate SAC or those who made naked shorts, not those who saw their error and tried to, very legitimately, profit.
Yes, I believe it's obvious that #Robinhood did not do this for their bottomline. Rather it is a way for them to differentiate themselves from their more traditional competitors.
It is very clearly a branding and positioning move. A statement of "we are cutting edge and thinking of the future while our competitors are stuck in the past." And it gets them from free publicitiy to boot.
I think that strategty was a smart one as it won't really cost them much to accept the currency, but looks good for it nonetheless.
Why would you say #Robinhood is late to the #crypto party? Aren't they the first in their space to accept #digitalcurrency? Besides, while I personally haven't jumped on the #crtocurrency bandwagon (lead by #bitcoin), it seems to me that it has only recenlty started to go mainstream, but still has a while to go. I think it is far from the end of it's lifecycle.
I am very interested to see if #robinhood actually makes any money. Also it seems a little late to the crypto party which seems to be on the way out, with crypto prices stuck in a slump.
Fintech Startup Robinhood Announces It Will Support Cryptocurrency Trading
Do you think #Robinhood was right to suspend trading on $GME?
Crackdown Arrives: Interactive Brokers Joins Robinhood, Blocks Buying Of Gamestop, AMC, Others
$GME and its like: I am watching Thos. Peterffy of #InterActiveBrokers on Bloomberg who shut down trading by retail on this short squeeze and options. I had considered a switch to his platform, but his poor defense of his actions and the disproportionate effect on retail investors is morally indefensible. I don't trade this stock or its options, but I would never trade on #RobinHood, #IAB, or #ETrade for this action. They are fine with the short shenanigans of large traders, but when retail profits they shut it down. They should all go down in a fiery then smoldering, continued, very expensive litigation. The market is, clearly, rigged against smaller players and this is perpetuated by the brokerages that serve them. Liquidate SAC or those who made naked shorts, not those who saw their error and tried to, very legitimately, profit.
Here’s Why Crypto Is Correcting ... And Why It’s Temporary
BTW, there was a more indepth discussion on the #robinhood angle here which I also just commented on:
www.talkmarkets.com/.../fintech-startup-robinhood-announces-it-will-support-cryptocurrency-trading
Fintech Startup Robinhood Announces It Will Support Cryptocurrency Trading
Yes, I believe it's obvious that #Robinhood did not do this for their bottomline. Rather it is a way for them to differentiate themselves from their more traditional competitors.
It is very clearly a branding and positioning move. A statement of "we are cutting edge and thinking of the future while our competitors are stuck in the past." And it gets them from free publicitiy to boot.
I think that strategty was a smart one as it won't really cost them much to accept the currency, but looks good for it nonetheless.
Fintech Startup Robinhood Announces It Will Support Cryptocurrency Trading
Why would you say #Robinhood is late to the #crypto party? Aren't they the first in their space to accept #digitalcurrency? Besides, while I personally haven't jumped on the #crtocurrency bandwagon (lead by #bitcoin), it seems to me that it has only recenlty started to go mainstream, but still has a while to go. I think it is far from the end of it's lifecycle.
Bitcoin Technical Analysis, Gold/Silver - Tuesday, Jan. 30
Lots of instability and volatility for sure. And I agree that #Robinhood won't really matter much.
Fintech Startup Robinhood Announces It Will Support Cryptocurrency Trading
I am very interested to see if #robinhood actually makes any money. Also it seems a little late to the crypto party which seems to be on the way out, with crypto prices stuck in a slump.