I pulled out about half my cash already. Trying to decide if I want to completely exit. You can transfer your stocks to another exchange. I believe there is a fee for that though. The last time I moved, I just closed out my positions one at a time and reopened them on another exchange.
You know darn well that Robinhood will probably get away with this since it didn't really hurt any of the hedge funds and their huge government lobby.
IDK, when you've got Ted Cruz, AOC, and Elizabeth Warren all questioning what happened. At the very least, it's going to be interesting to see how regulators respond. You're probably right though, they'll pay a small fine or something and then back to business as usual.
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I might have to look into that. I like many others have very low confidence in Robinhood right now. As I said somewhere today, that Coinbase listing looks interesting, so I would like to have something in place to take advantage of that. Unless it opens at some ridiculous price.
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I'm dying to see what Coinbase IPO price is too. I want in on that as well!
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Someone just posted around $200 in the chat. That puts only one or two shares within reach for me. I still might do it. I think it is one of those ones that could potentially top $1000 as more and more people (especially in the US) get into crypto. It is one of the quickest and easiest ways to get started despite the horrible fees.
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Seems a little steep, but I agree.