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A comment on Ask HN: What are you working on?. Parent comment

Re:Ask HN: What are you working on? by getlawgdon on Friday January 15, 2021 @06:44AM (#25789726)
this isn't how the stock market functions at all however. you described how a nonpro/retail participant on /r/stocks or wsb believes the stock market works.
[ Parent | on HN ]
Re:Ask HN: What are you working on? by WA on Friday January 15, 2021 @08:11AM (#25790533)
This is actually a very plausible explanation for the valuations of Bitcoin and Tesla and, to a certain extend, this is exactly how the stock market operates right now.

Maybe it didn't work that way in the past, maybe it won't in the future, but the current environment seems to be very much like how the parent poster described it.

[ Parent | on HN ]