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Fire Sale ♉
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Fire Sale ♉
@FireSaleBull
Sharing My Thoughts On X. Former Investment Banker. An INFJ-T
Katılım Eylül 2024
1.2K Takip Edilen239 Takipçiler
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My friend just got placed on Day 1 at IITM with a 60 LPA package.
People love to criticise JEE, but they forget it’s actually the simplest path in the long run. Crack it and you get four years of clarity, structure, and opportunity. Miss it, end up in a tier-3 college, and suddenly you’re juggling DSA, dev, communication skills, side projects, and five other things, just to land 4 LPA.
Sometimes the “hard” thing is actually the easiest route forward. Study hard, that’s it. people who have genuinely prepared for JEE would relate!
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Crypto derivative exchanges exist in regulatory limbo. A bit like Schrödinger's cat—neither fully regulated nor unregulated. This ambiguity is being exploited in dangerous ways. By the way, I am not referring to the actual buying and selling of Cryptocurrency.
The first risk with unregulated platforms is, of course, that there's nothing you can do if something goes wrong.
The other big problem with crypto F&O is that you have no idea who's on the other side of your order. In many cases, the platform itself can be the counterparty to all trades, like dabba trading or CFDs. If the platform is the house, the incentives are distorted. It's good for the platform if the customer loses money because every customer win is the platform's loss.
To make matters worse, these platforms offer 100 to 200x leverage. At that level, even a small move is enough to make you go bust. Considering the volatile nature of crypto, this is all but guaranteed.
The lack of regulatory clarity on crypto derivatives is not a good thing in the long run for anyone and has to be fixed.
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@JamesWynnReal Remember 100 Million back then was like 500 Million now
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I just discovered that Robinhood will generate approximately $150 million (~₹1,300 crores) in revenue from the fees it charges for processing instant client withdrawals. Their cost to process these is around $35–40 million, which means a clean $100 million to the bottom line, and that’s just from instant withdrawals. 😬
As an Indian startup with some scale, founders dream of generating revenue like this from non-core products. Hence the rush to introduce everything: loans, insurance, payments, and other financial services. But nothing really works 😀 outside the core offering. It just shows how far behind India is compared to the US when it comes to customers willing to pay for add-ons.
By the way, I’m still shocked that people pay 1.75% on an instant withdrawal transaction. This really shows how broken the US banking system is. Even in 2025, there’s still no full-fledged instant payments system like UPI — most fund transfers take a couple of days!
For comparison, we don’t charge @zerodha clients for deposits (thanks to UPI) or instant withdrawals. We’ve processed over ₹50,000 crores in instant withdrawals in <2 years, at zero cost. 🙈

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Fire Sale ♉ retweetledi
Fire Sale ♉ retweetledi
Fire Sale ♉ retweetledi

@CaptainGzb @grok what's the policy of Zoho about user privacy? Will the data be shared if there is a request and from whom and on what basis?
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ZOHO's homepage says 'Sign in using Google'
Indian Tech & Infra@IndianTechGuide
🚨 All 1.2 million email addresses of Central government employees have migrated to a platform developed by Chennai based Zoho.
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