Remember who Robinhood is, for the past may predict the future

So many articles have been posted this past week about Robinhood expanding their crypto offerings. Specifically, Robinhood has announced that they will be allowing swaps in-app of BTC, ETH, DOGE via their wallet. While the crytpo scene/market may be in a lull currently or a calm before the next bull, it is important to remember (or learn for all you newbies) what Robinhood did last time we hit a bull run (in 2021) and crypto prices began to run run run…. What did they do….

They disabled your account. Yes, you read that right. They disabled your account from being buying crypto or even loading up your account with FIAT to buy. They never gave the real reason they did this (they were protecting their interests/exposure). Instead, they said it was due to “extraordinary market conditions.” You know some legal nerd came up with that terminology. *** They did same thing with Gamestop stock run up ***

I don’t say this to disparage Robinhood or advise whether you should or should not use Robinhood. Instead, I simply wanted to remind, and perhaps more importantly, let any newbies know…..be careful where you put your head down at night or what platform you use. It is all fun and games….until the powers-that-be lock your account due to “extraordinary market conditions.”

Stay safe my brothers and sisters.