We always said, “What if Robinhood started trading paper (fake) Bitcoin without holding the actual Bitcoin to back it up?”.This is what happens when a unscrupulous company needs more money fast and the chances of your Robinhood crypto positions being non-collateralized (non backed up) have literally never been higher. Even more so, the chances of Robinhood failing as a company have never been higher.Look into the eyes of the young CEOs who made their money by deceiving retail investors and selling them to the hedge funds via order flow. Do you really want to let these guys hold your crypto?For the next day I will personally answer any questions that any of you may have about selling your Robinhood positions and getting into a real exchange.Do the right thing NOW because it’s also the smart thing and because you low-key always knew you should have been doing this.
Submitted February 26, 2021 at 06:23PM
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