Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

Post by notyourday » Fri, Jan 26, 2018, 5:37 PM UTC

vasilipupkin wrote: post #284

notyourday wrote: post #261

Earlier quoted context omitted.

It does not work like this. You will always be crossed on NBB or NBA. The concept of "bad" vs a national best bid or a national best ask can only come via order delay. Better execution via order delay as seen by a customer is always a lie as none of retail brokerages look at the order, look at the 100@101 x 100@101.1 market and say "ok, i'm buying 380K @ 101.09 from you" followed by posting the trade followed by tryi…

No, that's incorrect. They can fill you better than NBBO if they have an internal prediction that NBBO is moving. Or they can fill your sell order at better than bid price, to be more precise.

Post by ouid » Fri, Jan 26, 2018, 6:26 PM UTC

almost_usual wrote: post #303

ouid wrote: post #250

Earlier quoted context omitted.

it's improper to be glib on HN, but did you really just call it "spending"? Regardless, there's a lot to be said for putting actual money down on your beliefs, it has a non-negligible impact on the learning process.

If the goal is attaining wealth then “wasting money” is probably a more accurate statement. How someone decides to use their money is up to them. If emotional reinforcement helps them remember something then I suppose day trading is an option. I’m only suggesting there are frugal ways to learn if your ultimate goal is to build wealth.

Post by adrr » Fri, Jan 26, 2018, 9:53 PM UTC

vec wrote: post #144

pixie_ wrote: post #129

Earlier quoted context omitted.

How is that different from any other asset? One day it can be valuable, the next it might not. It doesn't change the fact that it is immutable.

Other assets are tied to real phenomena. With stocks, for example, I can make a prediction about a company's future performance, buy or short accordingly, and expect that if I am correct I will profit. I may be wrong about my prediction, but if I am correct then I've got far better than chance odds of also being correct about the future price of the asset. Without making any further predictions about the state of the…

Post by justincorbett » Sun, Jan 28, 2018, 11:54 PM UTC

abrahamepton wrote: post #210

nlowell wrote: post #179

Earlier quoted context omitted.

I think Robinhood does a great job of giving young traders the experience and knowledge of what actual trading is like before they're managing really meaningful amounts of money. College kids trading $500 on Robinhood are going to become 30 year olds who have a much better sense of how markets work and how emotion affects their own trading than college kids who are just instructed to give all their savings to mutual…

Maybe, except the college kids who just give all their money to mutual funds will make more money. The day-traders won't "learn how markets work," they'll learn how to lose money by making dumb trades based on less information than their counterparties. They won't learn anything, aaaannnnyyyyything, of actual value.