It's exchanges moving money out of cold storage selling it to stay solvent. If you have any money in exchanges right now i would highly suggest wiring it too your bank asap.
Yeah that's what I'm getting at. If the largest ones signal anything like that the whole thing is done.
I honestly would be wary of leaving money you need right now in Robin hood. But it's insured by the government so you'll eventually get it. But crypto. Most of it is not backed by any significant amount of cash. Most of them are ponzis.
That huge drop had to be someone dumping a ton at once right?
It's exchanges moving money out of cold storage selling it to stay solvent. If you have any money in exchanges right now i would highly suggest wiring it too your bank asap.
Several exchanges are just straight up not allowing people to take their crypto currency out
Yeah that's what I'm getting at. If the largest ones signal anything like that the whole thing is done.
I honestly would be wary of leaving money you need right now in Robin hood. But it's insured by the government so you'll eventually get it. But crypto. Most of it is not backed by any significant amount of cash. Most of them are ponzis.