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REDDIT

Is the stock market a legal pyramid scheme?

S
Jan 10, 2026 · 14:25

Don’t get me wrong I love the stock market and I’m invested.

But just think about it. It relies on continuous new buyers and inflows to push prices up, which makes it feel like a system that needs perpetual participation. And those who sell at the top, exit the scheme with a win.

Eventually, the people at the bottom will lose out.