SHIB Play: Will the Shiba Inu play be on Robinhood soon?
Is the Shiba Inu play on Robinhood? Not yet – but there are a lot of people trying to get there.
Shiba Inu play on Robinhood
There’s a new Changer.org petition to have the Shiba Inu cryptocurrency listed on Robinhood, the stock trading app that allows people to buy and sell cryptocurrency.
- In fact, a Change.org spokesperson said News week that the petition became the 10th largest petition on the site for the month of May.
- A Changer.org the user named Tristan Luke created the petition. The goal was to get 150,000 signatures. So far it has reached around 86,000 signatures, per News week.
Dogecoin – a memes-based cryptocurrency that rivals the SHIB coin – is available on Robinhood, as I wrote for the Deseret News.
Dangers of Robinhood, stock market apps
Legendary investor Warren Buffett said in early May that stock market applications like Robinhood are similar to gaming. He said that apps make investing easier, which turns investing into a gaming experience, CNBC reports.
Buffett said at the time that the Robinhood app had “become a very important part of the casino aspect, the group of people at the casino, who have joined the stock market in the last year or a year and a half.”
In general, Buffett said there was no problem using the apps, but it couldn’t be the only way to invest, as I wrote for the Deseret News.
- “There is nothing illegal about it, there is nothing immoral, but I don’t think you would build a society around people who do it,” said Buffett, according to CNBC.
- “The extent to which a very wealthy society can reward people who now know how to essentially profit from the gaming instincts of not just the American public but the global public is not the most admirable part of the accomplishment,” said Buffett.