Ask HN: Robinhood expected to go public tomorrow.. Would you buy?
3 comments
I would expect an initial price rise and then it just takes some large institutional investors to hit that sell button. That's how it starts.
They probably invested in Robinhood's early funding rounds and would want to bank that return before any conflicting news on cryptocurrencies ruins it for them.
Given the heavy reliance and highly unpredictable nature of cryptocurrencies with the added risk of regulations and crackdowns happening on these coins, well, we'll see what happens next. I'll give them a hint [0].
But from me, No thanks and no deal.
[0] https://news.ycombinator.com/item?id=27937145
They probably invested in Robinhood's early funding rounds and would want to bank that return before any conflicting news on cryptocurrencies ruins it for them.
Given the heavy reliance and highly unpredictable nature of cryptocurrencies with the added risk of regulations and crackdowns happening on these coins, well, we'll see what happens next. I'll give them a hint [0].
But from me, No thanks and no deal.
[0] https://news.ycombinator.com/item?id=27937145
No thanks, too much leverage plus heavily relies on crypto trend continuing, wouldn't take that risk..
For sure!!! Would do that using their app! 2theMoon!
Would be glad to hear your thoughts on pros and cons of buying Robinhood's shares.
Many thanks.