Suppose I do a cash advance on my credit card for $4,000. ($200 fee for doing it).
Then, I use Robinhood Gold and instantly deposit it.
Next, I use margin to buy $8,000 total of DWAC (about 140 shares).
This would make a hell of a day trade, right? Any thoughts? Maybe swing trade for a week, pay back, and keep profits?
Edit: I would have a stop-loss in place to hedge losing bigly, of course.
Update: Still watching, researching, and waiting for the right time to pounce. Focused on daily RSI and volume to gauge price action. Will post any results from a trade if it happens.
Interesting stuff. Gonna read up on it. Thanks.
I'm bullish on cro, if you look at it's history, when a new exchange hosts it, finds a new higher floor. It was only released in 2018 and has finally found its footing.
Crypto.com is huge and as people get more into crypto, they'll naturally come across crypto.com because of how intuitive the domain name is.
Their bank account options are nice, the one where you buy 4k stake in cro and hold for 6 months is 10% roi and 3% cash back as well as free Netflix and Spotify subscriptions from what I see.
I just got the 4k stake today so I only started it but that's a genius way to get people to buy and not sell. Seems like a brilliant model to sustain growth. Hold and get perks and get rewarded in more coins.
If you want to increase your stake from 4k as you go and want to add more, your clock resets the 6 mo the and you get 10% back on the new amount.
If you want a referral we'll each get $25 but I'm not gonna push that. It's at around 60 cents a coin now. I used to buy bitcoin at $2.50 when I was using silk road we'll over a decade ago haha. Would be cool as hell to get in early on a newcomer.