Hacker News new | ask | show | jobs
by tejohnso 6 days 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
1 comments
root-parent 6 days ago
That 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.
link
tejohnso 6 days 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.

link