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> if you spend any money on it, you deserve to be parted with your money. Yet it's already trading at >20% over IPO price on Bitmex
by tejohnso 4mo ago
> if you spend any money on it, you deserve to be parted with your money.
Yet it's already trading at >20% over IPO price on Bitmex
- root-parent 4mo agoThat is leveraged speculation on a future listing before real float, real index flows, or real public market ownership exist. With a 20% premium that is evidence that the hype machine is working, and the best evidence of engineered retail FOMO.
- tejohnso 4mo ago> evidence that the hype machine is working... Which is exactly the kind of thing that can stave off disaster for years. Just look at TSLA market cap.