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It's basically a Ponzi now. They simply profit on new investments. It's just no investor realizes he's the last one until it's too later.
by feverzsj 1y ago
It's basically a Ponzi now. They simply profit on new investments. It's just no investor realizes he's the last one until it's too later.
- wmf 1y agoA bubble isn't a Ponzi. You can't just call every case of financial mismanagement a Ponzi.
- bruce511 1y agoCorrect. Using new investor money to pay out old investors would make it a ponzi. At this point, from what I can see, it's all money going in, nothing coming out yet. So hence, not ponzi. It may be a bubble. Or it may be smart investing. At this point it could go either way.