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A "greater fool" game doesn't just require fools. In fact it doesn't require any fool at all, and by fool I mean people who really believe into what they are in
by GuB-42 3y ago
A "greater fool" game doesn't just require fools. In fact it doesn't require any fool at all, and by fool I mean people who really believe into what they are investing on. Only belief in that such fools exist matters.
For people playing the game, the actual value is not the important part, what is important is that they think the hype will continue and that the price will continue to go up. Their intention is to sell just before the hype ends, to profit off the supposed "greater fools". You lose if the "greater fools" you expected are not here.
Scammers trying to outscam each others if you want, not much trust here.
- mcv 3y agoThose people are the fools. And perhaps they even know it. They're just hoping for even greater fools that will buy from them at even higher value.