Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Robinhood cuts losses after transaction revenue drops

wsj.com

Post reply on HN
Print view View original

61–70 of 174 posts

Re: Robinhood cuts losses after transaction revenue drops

#61

Post by twblalock »

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.

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

Re: Robinhood cuts losses after transaction revenue drops

#62

Post by p1necone »

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.

Stocks don't lose value, they just go on sale ;)

Re: Robinhood cuts losses after transaction revenue drops

#63

Post by grogenaut »

acchow wrote: post #52
throwaway12245 wrote: post #50

Earlier quoted context omitted.

U.S. Inflation is 8.2%, though. :(

That's backwards looking tho. We don't know if inflation between Nov 2022 to Nov 2023 will be 8.2%.

would you rather have -8.2% roi or ~-4%roi?

Re: Robinhood cuts losses after transaction revenue drops

#64

Post by JohnJamesRambo »

twblalock wrote: post #61
iepathos wrote: post #46

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. 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.

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/

Re: Robinhood cuts losses after transaction revenue drops

#65

Post by gpt5 »

mey wrote: post #55
shahmeern wrote: post #53

Earlier quoted context omitted.

what exactly were you appalled at?

Not parent, but I assume it's something in relation to https://www.cnbc.com/2021/06/30/robinhood-to-pay-70-million-...

This fine has nothing to do with the GameStop debacle.

Re: Robinhood cuts losses after transaction revenue drops

#66

Post by eloff »

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/

With stocks, you're purchasing future profits. That puts a floor under things. With crypto you're purchasing??? There's no floor. It has limited utility.

Re: Robinhood cuts losses after transaction revenue drops

#67

Post by [deleted] »

funstuff007 wrote: post #41
toomuchtodo wrote: post #28

Earlier quoted context omitted.

The Fed giveth, the Fed taketh away.

well, not too much. The balance sheet is still within 97.5% of its all time high. I would like to see a good model of Fed Funds X and Balance Sheet Y = Z amount of stimulus. https://www.federalreserve.gov/monetarypolicy/bst_recenttren...

[deleted]

Re: Robinhood cuts losses after transaction revenue drops

#69

Post by danuker »

eloff wrote: post #66
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/

With stocks, you're purchasing future profits. That puts a floor under things. With crypto you're purchasing??? There's no floor. It has limited utility.

The floor denominated in dollars can still go to zero.

The utility of Bitcoin is its global payment network.

Re: Robinhood cuts losses after transaction revenue drops

#70

Post by 2OEH8eoCRo0 »

conorcleary wrote: post #51
iepathos wrote: post #46

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. 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.

Average down and buy the dip are real.

Someone I know kept averaging down and put in everything that he had as the dotcom bubble was bursting.
Post reply on HN