It's a serious Warning: STOP buying Bitcoin on Robinhood. These guys almost went under to a 3b margin call on illegal $GME paper trades. They will rob you and go broke.
The discussion started on Reddit when a reddit user "TheGreatGasbyy" posted about Robinhood that they are under a 3b margin call on illegal $GME paper trades.
If this applies to you, truly the thing would you say you are thinking? We've been yelling "don't accepting BTC on RH" from the roofs. The most recent update is discovering that RH has conceded to paper exchanging $GME and screwing financial backers when their stripped positions got a 3 billion dollar edge call.
On the off chance that this had been a Bitcoin related occasion, there would have been no recuperation, RH would have petitioned for financial protection and depended on their world class companions to deal with any administration mediation that may manifest.
RH fundamentally shorted each request their customer's made, not just betraying those customers present moment, however setting them up to lose everything in the event that they were correct. In the event that $GME had gone to $1,000 a portion of these people would have been left with not exactly their up front investment since RH would have gone under.
Getting back to Bitcoin, comprehend that this beguiling practice is significantly more effectively executed against RH's BTC purchasers and that Congress/controllers are even less inclined to do anything about it.
For the love of Satoshi, I know in any event one of you perusing this is as yet not selling the Bitcoin you have on RH, moving your fiat to a genuine trade, rebuying the Bitcoin, and putting away it off trade. Inept games, idiotic prizes, and you can't be totally stupid in the event that you've perused this far. Take the action at this moment and rest better realizing your coins are protected as is the honesty of the Bitcoin biological system.
Different trades to consider include: Gemini, Kraken, Binance US, Coinsebase Pro, Swan, and in case you're a genuine legend BISQ.
If this is your first time hearing this stuff, search r/Bitcoin for Robinhood and checkout the recent r/wallstreetbets thread detailing RH’s 3 billion dollar margin call https://www.reddit.com/r/GME/comments/m74e3g/this_is_huge_robinhood_never_owned_your_gme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
TL:DR - RH probably isn’t buying Bitcoin when you buy Bitcoin on RH. If Bitcoin rallies hard enough, or if RH has an internal problem, you’re likely to lose everything. Move your funds off of RH.