Hacker News new | ask | show | jobs
by majormajor 1968 days ago
The higher the price goes, the more incentive for new people to buy short, who aren't subject to the same pressure to get out fast that the ones who've been there longer were.

Doing this all in such a publicly-coordinated way on Reddit means you're wide open to people trying to directly play against your goals.

So much of the "proof" of things around this seems to be making big assumptions about who is on the other side that the aggregate numbers don't seem to indicate one way or another.