/biz/ - Business & Finance

[Anonymous No.22826646]

>bought 10 eth at $150
>ITS WAS ON ROBINHOOD
mfw I just remembered this

[Anonymous No.22826748]

>>22826646
Sell it, cash out, and move cash to cb, buy ETH, move to wallet

\_(._.)_\

Unless somehow robinhood allows crypto to wallet withdrawals

[Anonymous No.22826955]

>>22826748
they don't....cause its probably not real. I always suspected RH doesn't have the crypto they sell their users....its just a "credit"

[Anonymous No.22827059]

>>22826955
are you retarded. Imagine they "sell" bitcoin around 10,000$ each.. they never actually buy the bitcoin, and the users want to sell it at 100,000 and they dont have the bitcoin, only the 10,000$? wtf

[Anonymous No.22827116]

>>22826646
how does this work, does robinhood actually have custody or are they just giving synthetic exposure collateralized by other assets?

[Anonymous No.22827174]

>>22827059
no, thats not how it works. users don't buy low sell high...it's opposite.
kek...i don't know how they handle it but it's not a straight buy/sell. you can't move it...its not yours. you hit buy/sell on the RH UI....i'm sure they have a stash that they use for "liquidity" but guaranteed they aren't actually executing buys/sells in outside market when you buy/sell. it's probably the same 50 BTC in their account that is bought and sold over and over again buy users.

[Anonymous No.22827281]

>>22827174
>it's probably the same 50 BTC in their account that is bought and sold over and over again buy users.
that's how it is on every exchange, imagine paying $50 in transfer fees every time you daytrade shitcoins worth sats

[Anonymous No.22827339]

>Tfw did the same 2 years ago buying two Bitcoin.
>Tfw could have gotten Link during the ICO price days.