If you're an early investor in Facebook and sell, then a later investor is paying for your profits. That isn't a ponzi scheme. It's missing the fraud part whe

If you're an early investor in Facebook and sell, then a later investor is paying for your profits. That isn't a ponzi scheme. It's missing the fraud part where the money isn't really there. Investors may own doge coins that are in a speculative bubble, but they actually have the doge coins they bought. Bernie Maddof's clients didn't have the shares he said they did because he never bought the shares with their money.