/biz/ - Business & Finance

>>26973992
robinhood is not going to be a company anymore anon

>you can't restrict my crypto

This shit just popped up. WHAT'S HAPPENING AAAAAAAAAAA

>>26973992
i hope you're ready for a real correction

>>26973992
Just leave at this point

>>26973992

BINANCE FUCK RH

>>26973992
The clearing house(s) which covers funds with collateral until trades settle suddenly upped their rates from 2% to 100%

So now when you place a trade robinhood or whoever has to supply 100% of the amount of that trade. To do this they go through another company.
Nobody has enough money to do this.

The clearing house has pulled the ultimate jew and throttled the market to a stop without outright closing it.
I'm actually in awe.

This is both good and bad. Bad short term GME is probably DOA.
But long term this means blcokchain trading to do away with pesky settlement periods.

>>26973992
>WTF WHY WON'T THEY GIVE ME FREE CREDIT

Pulled every dime I had in RH out earlier. All I have left in there is my GME and AMC

>>26973992
thats what u get for not using a real exchange retard

>>26973992
Furries strike again

>>26973992
>26973992
lmao why are they so afraid of people making money. What is the point of an investment app that doesn't let you invest.

>>26973992
OY FUCKING VEY

>>26973992
lmao
oh no no no goy
you can't sell GME and then rediverisfy into crypto

They’re gonna go bankrupt lol

What can I use for mobile to trade while I’m wage slaving all day

>>26974694
how do i short robinhood?

>>26973992
they already killed themselves yesterday, there was absolutely no way they'd survive that. so now they just go YOLO because they have nothing left to lose

>>26974664
The majority of their users were never supposed to make money only increase volume so that the boys on wallstreet can make more money.

Americans getting fucked in every hole.
I think the snake has been treaded on, what now?

>>26974728 they don’t make money if people stop using them as a broker

>>26974664
the only reason they gave amateurs easy access to the stock market was because they could easily scam them

>>26973992
Robinhood just cashed put $300 million in lines of credit, they are hurting for money

>>26974664
They are letting you invest. But they're not going to lend you money to invest with while they're waiting for your transfer to settle.
Why? Because their clearing house thinks (with good reason btw) that it's likely you're going to lose what you invest AND bounce the transfer from the bank. And they'll be fucked.

>>26974218
>people will come to crypto now because it can't be restricted

>>26973992
>NOOOOOOOOOOO I WANT TO SPEND MONEY BEFORE I HAVE IT AGHGGGGGGGGGGGHHHHHHHHHHHHHHH

Can you short Robinhood shares ?

>>26974218
>>26974857
1. Not your keys, not your coins
2. Crypto is not restricted at all. What's restricted is traditional snail speed finance.

Binance only works outside of US sadly

thanks for the free money plebbitors

>>26975027
PRICED
IN

>>26974978
>what is binance us

>>26974585

>>26973992
THE DOGE HAS DONE IT BOYS

>>26974962
The establishment can easily block the mass normie adoption of crypto by blocking all fiat gateways in and out.
And don't tell me normies are going to use localbitcoins or some shit en masse

>>26974564
I is the clearing house a separate company, or is it a government entity?

>>26975438
Good thing I'm already all in cryptos champ

>>26974218
>robinhood
>paper trading over price
>not your keys
>because there isnt any fucking keys to have
>paper trading cyrpto
>muh crypto

there was a post yesterday where an anon claimed to go all in with about 10k bitcoin. if it was real he wont be able to now

I HAVE MY ACCOUNT ON ROBIN THAT I CREATED FEW DAYS AGO, I SPENT $300 for 0.008 yesterday, does this mean that ONLY can’t buy? Can I be allowed to sell this afternoon?

>>26975478
Separate business.

As much as people are justifiably angry at robinhood, they are in some deep shit in terms of liquidity, and are trying to salvage the situation any way they can

>tfw FidelityChad

>>26975678
Sell tomorrow
Buy that Subaru

>>26975027
good gamers should be rich so they can buy a 10K PC that can play the witcher 3 on medium settings

>>26975689
Well, that's some kikery if I've ever seen it. I'm trying to find out information about the clearing house. If what's Robinhood is telling is true, we could go after those motherfuckers.

>>26974843
this is actually the answer, coming from a seething poorfag. fuck them anyway though i’m good for it

>>26975678
You can sell, they just can't handle the credit lines that millions of retards like you created. So they (((shut it down))).

>>26973992
really robin the hood

>>26975813
Ultra HD 8k stardew valley

>>26974689
always do the opposite of what (((they))) dont allow you to
its the only correct move at this point

>>26976219
Think about what they fear you doing and then do it.

>>26976003
No, we really couldn't.
They have every reason to do this.
Millions of people just opened accounts and haven't even had their deposits clear. Webull for example gives you "buying power" on deposits that haven't cleared yet that take for fucking ever to clear.

The entire market literally almost exploded yesterday.
Not just GME and AMC. Everything was on the brink of having a seizure and dying because they could not cover the collateral.

Melvin capital didn't just commit suicide. They brought us to the brink of actual global economic catastrophe.

>>26973992
Seriously, who the fuck uses Robinhood for crypto?

>>26974218
robinhood isn't crypto and you dont buy crypto on it
its basically an iou in the name of robinhood to you
same goes for binance and kraken and the other centralized exchanges
if its not in your wallet its an iou

Don't like it? Build your own robinhood

>>26976445
Someone who doesn’t know any other way to crypto while he’s wage slaving in a factory all day

>>26973992
dude these fucks are gonna get longer prison sentences than Madoff at this point. What kind of fuckery is this?

>>26976692
Their PR has been abysmal.

I cannot for the life of me understand why they keep trying to sell "we're trying to protect you"

>>26973992
nigger who the fuck is buying crypto from robinhood

Damn I was only able to buy in for 50 dollars. I’m kicking myself for not putting in more

lmao and Bitcoin pumps wtf

>>26976940
I use it to day trade

>>26976692
Madoff made off with Jewish money, thats why he got punished.

RH stealing your money won't be an issue. I would bet my portfolio on it.

Why does it take days for Americans to have their money deposited on their trading account?

If I put money in my trading account it takes max 5 seconds.

>>26977321
I dont believe you.

Money transfers actually clearing and your bank or broker giving you the "ok" to use pending funds are 2 totally different things.

>>26977772

>>26977912
This explains nothing.

>>26973992
Who the fuck goes on Robinhood to invest in Crypto? It's easier to make a coinbase account than open an account for any of these half-assed brokers.

>>26977772
>Countless instant fee-free payment methods don't exist

Lol.. who the fuck uses rh to buy crypto..

>>26974857
People will move from robinhood (a cancer stock app) to Coinbase (a cancer crypto app). But at least they will be buying our shitcoins

>>26974978
who gives a fuck uniswap is forever and everywhere