If you are buying on Robin Hood you do not control your coins and you cannot transfer them to a wallet or to any other exchange.In addition to this, trading is frequently halted due to volatility as we saw with Dogecoin yesterday which in some cases means you won’t be able to sell on a massive drop, even with a stop loss order in place.There is also often a large gap between the current sell price and buy price which should not be happening for coins with decent volume.Buying on Robin Hood defeats the whole decentralized point of cryptocurrency which allows you to be in control of your coins. And if if you are coming here from WSB, fuck Robin Hood anyway. Don’t support these slimy market manipulators.That being said, market manipulation also exists on any crypto exchange so be aware of pump and dumps, especially when coins instantly shoot up in price with no real rhyme or reason. Be safe out there.
Submitted January 29, 2021 at 11:37PM
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