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0 sats \ 6 replies \ @Skipper 1 Jan \ on: Why I think Robinhood (HOOD) is a good stock to own over the next 20 years Stacker_Stocks
I like the presentation of your post.
But for real, who needs Stocks when Bitcoin already exists? Does anyone honestly thinks Robinhood can outperform btc?
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11 sats \ 5 replies \ @BlokchainB OP 1 Jan
That’s not the point. Robinhood is a business that performs a service. On a bitcoin standard they can still provide great services.
Owning stocks is a fundamental pillar of capitalism. I use my excess capital to own a business that is taking on tremendous risk to bring services to the market that I would like to use.
Wall Street and the fiat mindset has made owning stocks all about gains.
Bitcoin is for saving. Stocks are for investment
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0 sats \ 0 replies \ @Skipper 1 Jan
Bitcoin is for saving. Stocks are for investment
Bitcoin fiat at the time of this comment: $94.000 Robinhood stock at the time.of this comment: $37
@remindme in 1 year @remindme in 2 year @remindme in 3 year @remindme in 4 year @remindme in 5 year
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0 sats \ 3 replies \ @Skipper 1 Jan
they can still provide great services.
Do you remember what happened with GameStop and AMC ?
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0 sats \ 2 replies \ @BlokchainB OP 1 Jan
Yeah GameStop is a video game retailer and AMC shows movies. Both are struggling entertainment businesses. With Covid and inflation their business models are failing plus GameStop been struggling before COVUD due to the digital sales of video games.
Gambiling and social media is the reason anyone even knows or cares about these companies in the public markets.
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53 sats \ 1 reply \ @Skipper 1 Jan
That's not what i meant.
Robinhood kept disabling the BUY button on certain highly shorted stocks, like GME AMC and a few others. You were only allowed to SELL.
DYOR.
I honestly don't know how anyone can trust Robinhood after those incidents.
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10 sats \ 0 replies \ @BlokchainB OP 2 Jan
I’m familiar with that. I’m not forgiving what they did. As you csn see it in my bear case. But in my bull case the market won’t care if the platform works and delivers value to their customers. The brand isn’t tarnished to the point where no one is using it.
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