RE: One Million People Are Waiting To Trade Crypto With Robinhood
they don't want to leave fiat.... they want to pull a tiny $1k or so off their cc cash advance, with visions of hitting a lottery ticket. most have no clue what their exit strategy is. most would be scared shitless to "leave fiat". most can't afford to gamble..Signing up a massive number of account holders while losing money on every transaction? Check. As long as you can keep your new subscriber base growing faster than the losses you incur from your current subscribers, all should be good for a multi-BILLION dollar enterprise.Unfortunately, this current business model is simply the epitome of the old joke: "We are losing money on every sale, but we will make it up on volume..They are a joke you can only fund via visa and bank wire. Can't transfer over cryptos from your wallet or transfer your cryptos to your personal wallet.recently as transaction times has soared and the company has frequently been forced to cut off trading and withdrawals when cryptocurrency prices are plunging. Stripe Inc., an online credit-card processor, recently said it would stop accepting bitcoin payments because of the rising fees.According to Bloomberg, the extremely long waiting list for Robinhood crypto trading proves that consumer interest in the crypto craze isn’t slowing even after Bitcoin tumbled more than 50 percent from its mid..thank you for sharing with us...