Post
Topic
Board Speculation
Re: Elon fuels BTC rise 17% DOGE gose 8×
by
LoyceV
on 30/01/2021, 19:59:29 UTC
Quote
u can’t sell houses u don’t own
u can’t sell cars u don’t own
but
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons
https://twitter.com/elonmusk/status/1354890601649610753
It's not entirely true: if someone pays me to sell my house/car/jet, and promises to give it back next month, we can work something out if the money is good.

The problem with shorting is that it creates a positive feedback loop. If you buy something, you push the price up. But if you sell something, you push the price down, which is what you want because you want to buy it back cheaper.