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Reply to "Why is the stock market doing well?"
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[quote=Anonymous][quote] Always does well before a major crash. [/quote] True by definition. I always lose things before I find them, too. [quote]The stock market as a whole is a huge Ponzi Scheme. The more people invest, the more it goes up and everyone makes money, some more than others. So since people are making more money, they invest more, and it goes up more. [/quote] That is not how a Ponzi scheme works. [quote] Crypto will at some point be seen as a big scam too. It holds no intrinsic value, it isn't backed by a government, like the dollar. The only value it holds is the value people think it holds - but they won't think it holds value forever. That's true of every currency that ever existed, even gold. [/quote] Gold has intrinsic value (limited, but it has uses in electronics, for example). Crypto doesn't.[/quote]
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