Originally Posted by eDave:
Move off of that. High, high fees and always crashes during a nice run. At least move to Coinbase Pro for lower fees. Kraken is my choice.
Originally Posted by MahiMike:
Coinbase is FDIC insured though.
You guys actually keep your crypto sitting on exchanges and online? You crazy. Hard wallet. Offline. Store them in many diff areas. I don't even have access to some of my keys unless I take a flight.
I do no trading nor buying of any crypto this much I assure you. Just hodl. [Reply]
Robinhood is price leveraging, but you dont own the coins. It's a derivative, meaning you are buying and selling contracts for the difference in price, not in bitcoin.
Your transactions in Robinhood do not affect bitcoin price at all. In fact, Robinhood is a detriment to bitcoin, though a recommended tutorial before you join an exchange and start buying actual bitcoins.
You can transact with bitcoin through Robinhood, I believe. Cashapp deals in real coin, but limited to $2,500/mo. [Reply]
Originally Posted by scho63:
Gentlemen, we are nearing a stock market crash like 1987.
Way too much speculation, stocks skyrocketing with no justification and people rushing in for fear of losing out.
I'm going to load up on S&P puts for 2 months out.
Don't disagree on the ultimate outcome, just the timing. I keep asking myself where do I think the trillions that have just been "gifted" to corporations and banks will go in the next 6-12 months....offshore, traditional equities, private equities at least until the can stops being kicked?
Lastly, I'll just end in saying that simple savings accounts are good things. Not all finances need to be gambled on markets. :-) [Reply]
