It's called the Robinhood app because it's robbin the hood. Get it? XD XD XD
Seriously, now that the cat is out of the bag about the Robinhood app, it's time for you guys to learn what is really so great about crypto. And no, I don't mean buying your crypto IOUs from Robinhood. Oh, you thought you really owned bitcoin when you bought it there? Yeaaaahhhh, no. Let's talk.
Robinhood is a centralized service, which from the crypto perspective is horribly outdated. You might think you're on the cutting edge of technology with the super easy option buys and blahzay blah, but you're not. When Vladimir and Co. wanted to shut you out of trading a particular stock, $GME or $AMC or whatever, they just took your functionality away from you. So what good is all that tech if you can't even use it when you're supposed to use it to make a profit?
By the way, I heard that Robinhood shut down trading on $DOGE as well — just as it was doing a 400% gain. I got a piece of that. Did you, or did Robinhood keep you from those profits also?
The great thing about crypto — well, there are many things — but the most relevant difference here is that crypto is decentralized. If you've never traded on Uniswap, which has billions of dollars traded on it per day, then you've never known the joy of being able to freely trade with a smart contract. There are many other decentralized exchanges like 1Inch, but Uniswap is the most popular. We'll stick with that.
When you trade on Uniswap, you never have to worry about someone shutting down the system because you made too much money that day. How can this be, you ask? Because Uniswap isn't owned by anyone. The system making the trade is a smart contract, or immutable code on the blockchain. It can't be changed. So the rules are set, and there is no CEO that can get pressured by the White House to shut it down. You're free to make as much money as you want.
What's more, you're actually buying crypto when you buy through Uniswap or 1Inch. I don't know if you knew this, but Robinhood only gives you derivative contracts on crypto, not the crypto itself. What does that matter, you ask? After all, the contract follows the price of crypto. Yeah, it does, but besides having no control over that contract (as the $GME debacle proved), you also miss out on the true utility of the crypto. You could be staking your crypto for 100%+ APY until you decide to sell it. Didn't know anything about that, did you?
If it sounds too good to be true, you need to do your Googles. Actually, you should use Presearch, the search engine that's just as good as Google but pays you to search.
Don't miss out on the freedom of crypto while Robinhood literally steals from you.
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YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1
Always remember:
Burgerswap Bridge will steal your crypto
Deus.Finance is led by a psychotic wannabe despot
AllianceBlock is a shit project
All algorithmic stablecoins (Basis Cash, Mithril, Empty Set Dollar) are a SCAM
Don’t get your bitcoin from PayPal
Trade on BSC, not Ethereum
Ivan on Tech, Elliotrades and Bitboy are complete liars, and
If you are always losing money trading crypto, read here.
Gems I'm investing in:
