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Robinhood cuts losses after transaction revenue drops

wsj.com

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Re: Robinhood cuts losses after transaction revenue drops

#141

Post by djbusby »

vasco wrote: post #136
sentientslug wrote: post #124

Earlier quoted context omitted.

Dollar-Cost Averaging is the way to go. It doesn't matter whether the stock market is up or down.

Until it drops enough that the DCA crowd gets scared. People have been told by reddit that there's an easy way to riches, by just blindly DCAing every month, and most people have blindly accepted this gospel. It just has to go low enough for the spell to break. It's as if not everyone can be rich with this one simple trick of dumping your hard earned cash into buying whatever Blackrock is dumping on you every month t…

DCA into Vanguard may be ok. Things are on sale now, if you believe in USA over next 20 years.

Re: Robinhood cuts losses after transaction revenue drops

#142

Post by chrisco255 »

eloff wrote: post #118
WalterBright wrote: post #100

Earlier quoted context omitted.

I've had stocks go all the way to zero.

And crypto go all the way to zero. I'm not sure what your point is. Companies can go bankrupt. So can coins. That's neither here nor there.

Crypto has not gone all the way to zero. It went from $3T mcap to ~$800 billion. Despite over a decade of people predicting Bitcoin would go to zero, it's still $20K+ per BTC. Yes, down from the $68K euphoric highs of 2021, but substantially higher than its average price for most of its history, and on par or better than many stocks have performed this year.

Ordinary crypto currencies like BTC & ETH can't go bankrupt. They never had any liabilities to begin with. The majors such as BTC & ETH have deep, global, 24/7 liquidity. If you can find a way to make all the liquidity pools dry up for crypto around the world, I suppose it will go to zero. Good luck with that.

Re: Robinhood cuts losses after transaction revenue drops

#143

Post by cheriot »

vasco wrote: post #136
sentientslug wrote: post #124

Earlier quoted context omitted.

Dollar-Cost Averaging is the way to go. It doesn't matter whether the stock market is up or down.

Until it drops enough that the DCA crowd gets scared. People have been told by reddit that there's an easy way to riches, by just blindly DCAing every month, and most people have blindly accepted this gospel. It just has to go low enough for the spell to break. It's as if not everyone can be rich with this one simple trick of dumping your hard earned cash into buying whatever Blackrock is dumping on you every month t…

I'd wager anyone doing that for 30 years will do quite well. It's when people get impatient and take crazy risks that they get in trouble.

> buying whatever Blackrock is dumping

The amount of money it would take to move the price of the S&P 500 is incredible.

Re: Robinhood cuts losses after transaction revenue drops

#144

Post by JumpCrisscross »

iepathos wrote: post #46
adoxyz wrote: post #2

Stock market has been in a slump all year, crypto down huge. Close to 100k layoffs in tech (according to layoffs.fyi). I think people got other things on their mind than trading stocks/crypto.

Ironically, it's probably best to buy stocks and crypto when they are in valleys like this rather than at peaks. The unemployment rate is still only 3.5% in the US, so anyone getting laid off is being hired back almost immediately with very little slack. The Fed would actually prefer to see higher unemployment around 6% to better manage inflation so they'll keep interest rates high until they see that happen.

> it's probably best to buy stocks and crypto when they are in valleys like this rather than at peaks

Robinhood was not optimised for investors. It was built to resemble a slot machine.

Re: Robinhood cuts losses after transaction revenue drops

#146

Post by solumunus »

iepathos wrote: post #46
adoxyz wrote: post #2

Stock market has been in a slump all year, crypto down huge. Close to 100k layoffs in tech (according to layoffs.fyi). I think people got other things on their mind than trading stocks/crypto.

Ironically, it's probably best to buy stocks and crypto when they are in valleys like this rather than at peaks. The unemployment rate is still only 3.5% in the US, so anyone getting laid off is being hired back almost immediately with very little slack. The Fed would actually prefer to see higher unemployment around 6% to better manage inflation so they'll keep interest rates high until they see that happen.

Tech is still overvalued by any standard metric. We're not deep enough in the valley yet.

Re: Robinhood cuts losses after transaction revenue drops

#147

Post by jsemrau »

sentientslug wrote: post #124
JeremyNT wrote: post #115

Earlier quoted context omitted.

> Ironically, it's probably best to buy stocks and crypto when they are in valleys like this rather than at peaks. Is this actually a "valley" though? I'm not sure about that. It could be the worst of this recession is yet to come for both types of assets. Buying at the bottom is a great idea, but the hard part is knowing where the bottom actually is.

Dollar-Cost Averaging is the way to go. It doesn't matter whether the stock market is up or down.

Usually a great strategy. However, 2020-2021 were an artificially created equity bubble. I don't think we will see this coming back anytime soon. https://i.imgur.com/MsIGcSo.png

Re: Robinhood cuts losses after transaction revenue drops

#148

Post by JumpCrisscross »

JohnJamesRambo wrote: post #64
twblalock wrote: post #61

Earlier quoted context omitted.

Stocks? Sure. But there is no reason crypto couldn’t go all the way to zero.

What a novel and original argument. Actually Bitcoin and Ethereum have a known supply and limited inflation (Ethereum is actually deflationary now) so best suited to not go to zero. The USD on the other hand… https://fred.stlouisfed.org/series/M2SL https://ultrasound.money/

It’s nonsense to argue Bitcoin or Ethereum aren’t subject to inflation when their price in dollars has been, at best, flat, while the latter experiences record inflation.

Re: Robinhood cuts losses after transaction revenue drops

#149

Post by bb88 »

JumpCrisscross wrote: post #148
JohnJamesRambo wrote: post #64

Earlier quoted context omitted.

What a novel and original argument. Actually Bitcoin and Ethereum have a known supply and limited inflation (Ethereum is actually deflationary now) so best suited to not go to zero. The USD on the other hand… https://fred.stlouisfed.org/series/M2SL https://ultrasound.money/

It’s nonsense to argue Bitcoin or Ethereum aren’t subject to inflation when their price in dollars has been, at best, flat, while the latter experiences record inflation.

I argue that inflation is an increasing lack of purchasing power. We're off roughly a third of the BTC peak last year, so would that not be 300% inflation looking at BTC alone?
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