Another one bites the dust

A bit of a rabbit hole...Robinhood. Since this broke billionaire bought tons of Robinhood, what will happen to the stock?? Is Robinhood stable and can it recover from their venture into crypto??
 
The_Krakenite said:
The problem with cash, is it's a wasting asset.
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I didn't say it was always a good position lol.


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I like cash in this market. Nice to have some dry powder for when the trend changes.
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That's what margin is for. Your cash is being inflated away tech time the clock ticks.

I am very nervous on how bad this crypto crash from the FTX-Alameda contagion will be
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Do not be nervous about this, embrace it. You may get lucky and have a chance to purchase Ethereum POST-MERGE for triple-digit prices. Miracles generally do not come by this easily.
 
The_Krakenite said:
That's what margin is for. Your cash is being inflated away tech time the clock ticks.
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One thing about cash is that my liquid net worth will be the same tomorrow. Might not be able to buy as much but I know the number won't drop. Actually it will increase a bit as my cash is earning 2.9% in a savings fund.

Margin is fine but it get reduced as the market value of you holdings decreases.
 
FreeGoldRush said:
The algorithm can be copied. Bitcoin can not be copied. The dollar can be copied too but people won't accept the copy. Same with Bitcoin. It's easy enough to download the software and run it with a new seed but no one will want your new copy.
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:D:D every single coin out there is a fork of Bitcoin one way or another.

Shut up.
 
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