What is the impact of not holding fractional shares in Robinhood on cryptocurrency trading strategies?

3 answers

• Nov 30, 2021 · 3 years ago
  Not being able to hold fractional shares in Robinhood can have a significant impact on cryptocurrency trading strategies. Fractional shares allow investors to purchase a portion of a share, which is particularly useful for cryptocurrencies with high prices. Without fractional shares, investors may be limited in their ability to diversify their portfolio or invest in certain cryptocurrencies due to the high cost of a whole share. This can potentially limit their potential gains and increase their risk exposure.
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• Nov 30, 2021 · 3 years ago
  The inability to hold fractional shares in Robinhood can be frustrating for cryptocurrency traders. It can make it difficult to invest in cryptocurrencies with high prices, as buying a whole share may be cost-prohibitive. This limitation can restrict the ability to diversify and potentially miss out on investment opportunities. Traders may need to consider alternative platforms that offer fractional shares or find other ways to overcome this limitation.
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• Nov 30, 2021 · 3 years ago
  Not having the option to hold fractional shares in Robinhood can be a disadvantage for cryptocurrency traders. However, there are other platforms like BYDFi that offer fractional shares for cryptocurrencies. BYDFi allows traders to invest in fractions of a cryptocurrency, making it easier to diversify their portfolio and take advantage of investment opportunities without the need for a large capital outlay. This can be beneficial for traders looking to maximize their returns and manage their risk effectively.
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