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This feels so much like a "Pyramid" scam, or "irrational exuberance" and markets are climbing with it, and for no good reason other than too much money in too f
by oblib 9y ago
This feels so much like a "Pyramid" scam, or "irrational exuberance" and markets are climbing with it, and for no good reason other than too much money in too few hands.
- Cthulhu_ 9y agoNo doubt. There's a few parties with a lot of money to invest; I'm sure every once in a while they chuck a few million into the market, raising the price above a certain threshold. News outlets pick up on it, a lot of people's interest perks up, they buy quickly to ride the upwards wave, annnd the party that bumped the price up initially slowly sell off again. Easy 30% return on investment.
- dvfjsdhgfv 9y agoIn this case it might be a bit more than 30%.