Lost money using an app like Robinhood? TD Ameritrade? Or other centralized financial trading/investment service? They work to earn $ for themselves and their friends: JP Morgan caught fixing metals prices for over 5 years now -- this article is dated 2020 (https://www.cnbc.com/2020/09/29/jp-morgan-settles-spoofing-lawsuit-alleging-fraud-in-metals-trades.html): "And the bank is set to pay $920 million to resolve government investigations for similar alleged conduct in the precious metals and Treasury futures markets, CNBC has learned." That's nearly 1 TRILLION US dollars! This is not a slap on the wrist offense. Global price tampering bad faith actor JP Morgan caught. The new crypto exchange services that are centralized are no different. DYOR. Be alert. Double check prices offered to you, displayed in your apps like Binance, Kucoin, Coinbase Pro, and others. DYOR! 1) The data shown in an app may be false or manipulated. Legally, they can say it was just a delay and dismiss it in court, maybe. But patterns like this get established and documented. 2) Middlemen want their cut. P2P takes the middleman out of the picture so you can't be robbed on the way to make a profit in crypto. DEXs = The future. 3) Any trading house or app that offers huge margins -- BEWARE. Kucoin practices giving out huge margin capability to inexperienced traders. Robinhood's reckless greed led to at least 1 suicide as a result of offering these life-destroying margin lines.
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