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This. The amount of real money flowing in supposedly increasing by 5% per month is also not compatible with many real-world indicators of interest showing the
by dustintrex 5y ago
This. The amount of real money flowing in supposedly increasing by 5% per month is also not compatible with many real-world indicators of interest showing the opposite, including Robinhood's crypto revenue falling off a cliff.
https://www.forbes.com/sites/sergeiklebnikov/2021/10/27/robinhood-shares-plunge-after-a-decline-in-crypto-trading-hits-earnings/?sh=399ac9493a06 https://www.forbes.com/sites/sergeiklebnikov/2021/10/27/robi...
- jondwillis 5y agoIronically, Robinhood's cryptocurrency revenue shouldn't be high in the estimation of _real_ cryptocurrency enthusiasts, what's the point of crypto if you don't/can't own your keys? Really lays the whole thing bare. FOMO.
- mike_d 5y agoRobinhood's crypto offering is just a shit product. You are just buying shares in their crypto holdings, not the underlying coins. It's like saying the internet is dying off because AOL's dialup customer base is shrinking.