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MahiMike 01-07-2021 03:24 PM

Quote:

Originally Posted by eDave (Post 15452876)
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.

Coinbase is FDIC insured though.

Hog's Gone Fishin 01-07-2021 04:35 PM

When this guy speaks you better ****ing listen!

<iframe width="560" height="315" src="https://www.youtube.com/embed/o4JEVCLJxDw" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

BWillie 01-07-2021 05:58 PM

Quote:

Originally Posted by MahiMike (Post 15453291)
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.

Nirvana58 01-07-2021 06:32 PM

You can always buy and sale bitcoin on Robinhood.

eDave 01-07-2021 06:33 PM

Quote:

Originally Posted by Nirvana58 (Post 15454038)
You can always buy and sale bitcoin on Robinhood.

Kinda.

Nirvana58 01-07-2021 06:37 PM

Quote:

Originally Posted by eDave (Post 15454040)
Kinda.

I have bitcoin that I bought on Robinhood. I am missing something?

big nasty kcnut 01-07-2021 06:39 PM

I'm using Robin Hood to invest in bitcoin.

Jewish Rabbi 01-07-2021 07:12 PM

Quote:

Originally Posted by Nirvana58 (Post 15454058)
I have bitcoin that I bought on Robinhood. I am missing something?

Yes.

eDave 01-07-2021 08:28 PM

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.

diqlix 01-07-2021 08:39 PM

Quote:

Originally Posted by Nirvana58 (Post 15454058)
I have bitcoin that I bought on Robinhood. I am missing something?

No.

Just the “coin” itself.

which most people don’t care about

we just want the profit

eDave 01-08-2021 08:10 AM

https://trends.google.com/trends/exp...=buy%20bitcoin

George Liquor 01-08-2021 08:15 AM

I use cashapp but like I've said previously, I usually buy then transfer straight to my online poker site.

scho63 01-08-2021 08:31 AM

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.

eDave 01-08-2021 08:33 AM

Quote:

Originally Posted by scho63 (Post 15455043)
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.

This is good for bitcoin.

ChiefRocka 01-08-2021 09:50 AM

Quote:

Originally Posted by scho63 (Post 15455043)
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. :thumb:


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