What do you guys think will happen with prices when the popular stocking trading app Robinhood starts trading bitcoin and a few other coins in February ?
I don't expect it greatly increase adoption. Anyone inclined to trade bitcoin has already gotten involved. What this is likely to do is drive people already trading bitcoin to their app for free trades and to sap business away from other exchanges like Coinbase and Poloniex, et al. I expect the increased adoption to be minimal. Also, I expect it to be completely ignored by serious traders, because you're getting what you pay for. Free trades means days-long settlement times, and any day trading crypto is going to find that unacceptable. Serious traders will remain with GDAX and other major exchanges because they can't afford to lose time waiting or funds to be unlocked or coins to be available for trading due to long settlement delays. Overall, this is an overhyped event, but then again, that feels appropriate for Bitcoin.
