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How is robinhood not going to be a YUGE deal for btc and eth?
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Date: January 27th, 2018 8:17 PM Author: lemon center
this post whiffs on boats what drives bitcoin price at this point and the actual effect of robinhood.
coinbase is in the top ten most downloaded apps.nothing kept people from buying cryptos prior to this move. the only effect is some incremental goodwill in peoples minds as to bitcoins legitimacy fwiw
and even if it did make more retail guys buy crypto it would’ve do anything at all. bitcoin and ether are now big enough that individual investors are meaningless and narratives about people spreading the word over the holidays should just say “i don’t know what the fuck i’m talking about.” institutional money hedging futures exposure is the only story that matters for now.
(http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7",#35256108) |
Date: January 27th, 2018 9:25 PM Author: racy crotch range
Fees matter. Low/no fees = more BTC/ETH bought, overall. But I think some of the articles I'm reading are way overstating the case.
Coinbase charges 1.5%. A no fee alternative isn't going to suddenly make people flock into crypto. I can certainly see buyers already in the crypto space moving to Robinhood. Or new investors choosing Robinhood over other alternatives. Or current Robinhood members starting to dabble in crypto now that BTC/ETH will be offered. But I don't see how this will independently cause a big surge in BTC/ETH.
Edit: looks like Robinhood is going to offer a bunch of different cryptos. This will hurt ETH/BTC, imo.
(http://www.autoadmit.com/thread.php?thread_id=3873077&forum_id=7",#35256523) |
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