Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

Post by d0lph » Thu, Jan 25, 2018, 8:15 PM UTC

abrahamepton wrote: post #210

nlowell wrote: post #179

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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.

Post by brokensegue » Thu, Jan 25, 2018, 8:19 PM UTC

darawk wrote: post #150

brokensegue wrote: post #141

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stocks give you ownership in productive companies. those companies on average go up in value and produce profits which they throw off as dividends (or re-invest to increase their market-cap). so one difference then is that stocks have a justification for their returns given the variance you experience.

So, by your logic, gold is not an investment?

Post by buttcoinslol » Thu, Jan 25, 2018, 8:21 PM UTC

andrewla wrote: post #201

empath75 wrote: post #191

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If I buy a lump of gold, and attempt to sell it to someone else later at a higher price, that is pure speculation. Gold is gold is gold. That lump of gold is going to be the same lump of gold a year from now or a hundred years from now. You might as well have buried the money in a backyard for all the change of affected in the world. If I take that same money and invest it in a business -- the business is going to ta…

> If I take that same money and invest it in a business -- the business is going to take that money and create something new. Only if you're buying at the IPO. Most of the time, you're just buying stock from another person and the company gets zilch. The service you're providing to the company is just better information about its ability to raise additional capital from selling equity. For some cryptocurrencies, you…

Post by woolvalley » Thu, Jan 25, 2018, 8:29 PM UTC

2trill2spill wrote: post #198

buttcoinslol wrote: post #176

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Ah, I didn't know they made money off that part of it. I suppose you give up some privacy/data when they resell your order, similar to using Facebook or Google. It's a slick business model, I didn't even realize it.

> Ah, I didn't know they made money off that part of it. I suppose you give up some privacy/data when they resell your order, similar to using Facebook or Google. It's a slick business model, I didn't even realize it. Your also giving up better trade execution ie paying more for shares. Robinhood is good for getting your feet wet but people should switch brokers as soon as possible.

Post by aphextron » Thu, Jan 25, 2018, 8:34 PM UTC

polskibus wrote: post #171

Facebook messenger doesn't let me share that url to friends. What the hell.