I don't really understand (or care) much about this stuff, but the idea that an exchange will simply stop you from selling your investment seems crazy to me. Don't they leave themselves open for a huge class action lawsuit if BC drops significantly during that time?
Robinhood = retail investors. Institutional investors don't buy through Robinhood, so they were able to buy at a discount, while retail investors were forced to sell. Sometimes literally, since Robinhood just liquidated their positions to "protect the investors" lmao.
The exchanges own it, you get an IOU from them for the value of the tokens. And they really have no obligations to you. The biggest stablecoin even has "we can abscond with the money" clause in their terms & conditions, lmao.
I don't really understand (or care) much about this stuff, but the idea that an exchange will simply stop you from selling your investment seems crazy to me. Don't they leave themselves open for a huge class action lawsuit if BC drops significantly during that time?
Nah Robin Hood suspended buying GME but did not suspend selling it, thus forcing the price downward. They faced no consequences for this.
How can you sell it if nobody is allowed to buy it?
Robinhood = retail investors. Institutional investors don't buy through Robinhood, so they were able to buy at a discount, while retail investors were forced to sell. Sometimes literally, since Robinhood just liquidated their positions to "protect the investors" lmao.
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The kind of person who uses an app to trade stocks with their own money rather than owning a hedge fund comprising the money of rich morons.
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they could only sell to Robinhood :porky-happy:
Not everyone trades through Robin Hood, just a large portion of the small time investors
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It is not "yours" and it is not "an investment".
How is it not?
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The exchanges own it, you get an IOU from them for the value of the tokens. And they really have no obligations to you. The biggest stablecoin even has "we can abscond with the money" clause in their terms & conditions, lmao.
I mean that is hilarious, I do struggle to see how that's not an investment though
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What government regulations?
The Bitcoin market is the future of stock.