Comment by tejohnso
6 hours 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
6 hours 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
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.
> 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.