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Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

crypto.robinhood.com

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Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#31

Post by ktta »

DerfNet wrote: post #27
xya3453 wrote: post #22

> Invest in Bitcoin & other cryptocurrencies > Cryptocurrencies, stocks, ETFs, and options are now available side by side — all easily accessible in one app. Managing your investments just got even easier. There is a dangerous theme of companies aimed at millennials that misappropriate Bitcoin (etc) as an investment, when it is just glorified currency exchange speculation. Blurring these lines obscures the real-world…

I buy bitcoin, it changes in value, I cash out, I now have a different amount of money than I put in. How is that not an investment?

The same way betting on a coin flip is not an investment. Too much risk.

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#33

Post by IronKettle »

Related, kinda:

Robinhood seems to be pulling in a lot of different directions and there's all these "early access" features that never seem to actually, well, launch.

I've now signed up for:

* Web access (otherwise it's mobile-only)

* Options trading

* And now, cryptocurrency trading (because why not)

and I haven't gotten access to any of them yet, even though Robinhood for web has been in "early access" for quite awhile now.

So I signed up for this, but I have very little faith that I'll get access any time soon (even with the vague promise of early February).

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#34

Post by FLUX-YOU »

rublev wrote: post #14

Buy incrementally, hold. If all markets are tanking, cash to USD, wait for the blood bath to be over. Otherwise you are gambling. Accessible crypto is going to be a disaster simply because of unregulated markets. My friends get shakey when they lose $100 in the market, this is going to be "Weak Hands: The App". Or "Taking Candy From A Baby: The App". I had to lose ~$200k over the course of a couple months and only af…

>Reading crap about market psychology and fractals and fibonacci this and wave theory that is all trash and does not make you a trader.

reads crap about Tether propping up bitcoin price, without audits despite claims of USDT backed by USD

immediately realize you're regular people and invest nothing in cryptocurrencies

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#35

Post by nxsynonym »

loup-vaillant wrote: post #32

The web page reads: "Invest in Bitcoin & other cryptocurrencies". Can someone change the title to better match the web page? "Crypto" is a bit confusing without "currency".

The domain is crypto.robinhood.com and the website title is "Robinhood Crypto".

Title is perfectly accurate.

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#36

Post by tannerwj »

tptacek wrote: post #30
DerfNet wrote: post #27

Earlier quoted context omitted.

I buy bitcoin, it changes in value, I cash out, I now have a different amount of money than I put in. How is that not an investment?

I put money down on a blackjack table, play a hand, win, and cash out with more money than I put in. How is that not an investment?

Because it is not luck that determines the outcome. However speculative Bitcoin is, it isn't based on luck

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#37

Post by dayjah »

As a very happy user of Robinhood financial, this really does look exciting. If you’ve not used robinhood, and have a little interest in investing, I’ve found their simple interface to be very nice to use relative to the more heavy weight options I’ve had experience with (etrade, schwab, fidelity).

I didn’t see how their crypto offering would allow me to transfer my wallet from Coinbase to them, do I create a new wallet, and then send money from one to another? If so it’s unfortunate that I’d need to incur transaction fees to onboard.

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#38

Post by tptacek »

tannerwj wrote: post #36
tptacek wrote: post #30

Earlier quoted context omitted.

I put money down on a blackjack table, play a hand, win, and cash out with more money than I put in. How is that not an investment?

Because it is not luck that determines the outcome. However speculative Bitcoin is, it isn't based on luck

Because...?

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#39

Post by chaboud »

tptacek wrote: post #30
DerfNet wrote: post #27

Earlier quoted context omitted.

I buy bitcoin, it changes in value, I cash out, I now have a different amount of money than I put in. How is that not an investment?

I put money down on a blackjack table, play a hand, win, and cash out with more money than I put in. How is that not an investment?

By the way, given sufficient demonstrated counting ability and savvy, I would be willing to invest in a blackjack team.

And it's worth noting that people do invest in currency. It is not merely an exchange vehicle.

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#40

Post by notyourwork »

IronKettle wrote: post #33

Related, kinda: Robinhood seems to be pulling in a lot of different directions and there's all these "early access" features that never seem to actually, well, launch. I've now signed up for: * Web access (otherwise it's mobile-only) * Options trading * And now, cryptocurrency trading (because why not) and I haven't gotten access to any of them yet, even though Robinhood for web has been in "early access" for quite a…

I'm really confused about why web access hasn't launched yet? Would think that is the easiest of them all and entirely in their own fate. Options and crypto seem like much more complicated endeavors but a website, ffs.
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