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/biz/ - Business & Finance

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6975568 No.6975568 [Reply] [Original]

Okay guys, I see a moon opportunity.. Robinhood is adding Dogecoin to it's free trading platform next month for 5 states, and will have most if not all 50 states by Q2 2018.

I think the normies and newfags will be able to pump dogecoin to at least 0.01 cent.

My current holdings would let me hit six figures in cash so I can cash out finally, let me know what you guys think. Discuss.

>Part of my due diligence is asking anons on a tibetan thong weaving board.

>> No.6975761

It's at like 70 satoshis rn, easy x3

>> No.6976112

Nobody thinks Robinhood will pump at least another 200 million in the market cap?

>> No.6976203

>>6975568
Maybe..

>normies flooding robinhood
>sees dogecoin
>"wow much cheap"
>$$$

>> No.6976383

It comes out next month, get in now while it's cheap as fuck

>> No.6976439
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6976439

where's the source on that?

their official release said only BTC & ETH

>> No.6976531
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6976531

protip dont panic sale your doge, it moon all time with long history to prove it, just wait for other moon if you miss it.

>> No.6976595

>>6976439
https://techcrunch.com/2018/01/25/free-cryptocurrency-trading-app/

>dogecoin

>> No.6976623

>>6975568
currently, Robinhood only does minimum 1 cent per currency "share", how does it handle sub 1 cent currency?

>> No.6976657

>>6976623
several coins per share?

>> No.6976956

>>6976623
>>6976657

If I am reading this correctly you dont physically own the bitcoin or crypto you buy. It is held by the institutions that purchases and holds on your behalf. You can only buy/sell the crypto, but cant actually use it. This is a no competition to real exchanges like Coinbase and Binance where you have a wallet and can move your OWN coins around.

http://fortune.com/2018/01/25/bitcoin-millennials-robinhood-cryptocurrency/
"Robinhood says trading cryptocurrency on the app will function in the same as with equities, allowing customers to acquire stakes without paying a commission or fees. This is notable in part because popular exchanges, such as Coinbase, all charge a commission (typically around 1%) on buying and selling.

Robinhood’s co-CEO Baiju Bhatt tells Fortune the company will act as a broker-dealer rather than an exchange in the cryptocurrency market. Bhatt adds that Robinhood will partner with a number of large institutions to acquire the digital currencies on behalf of customers, but notes that he could not disclose the identity of those partners.

While the company will offer the crypto-trading service to consumers without a commission, the trading price will presumably incorporate the cost Robinhood pays to its partners to acquire the digital assets in the first place. This cost is likely to be low, however, as Bhatt suggests its purchasing power will allow it obtain crypto assets at a steep discount."

>> No.6976982
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6976982

>> No.6977040

>>6976956
this could fuck up the current market

>> No.6977486

>>6977040
Just keep your coins on bittrex or other exchange and let the normies have this

>> No.6977570

>>6977486
>keeping quality coins like doge on an exchange in 2018

>> No.6977601

>>6977570
What paper wallets or hardware wallets recommend

>> No.6977880

so what happens when all the normies see their internet money tanking. It will be flooded with week handed dipshits