Ponzi schemes often present such a heart-wrenching process:
First, the stock market is pulled up by manipulation, so that a few people can profit from it. This stage is like a bait, attracting people's attention. Then, after seeing someone making money, the leeks try it with a small amount of money first, and find that they can really make money, so their confidence is gradually established. When small retail investors taste the sweetness, they begin to increase their chips, and even "all in" and leverage more funds. At this time, the main force quietly begins to ship and harvest leeks.
When the market begins to fall, retail investors firmly believe that this is just a technical correction, and continue to increase their positions, hoping that the price will rebound. However, contrary to expectations, the price continues to fall, with a drop of -40%, -60%, and -80%, and it has been falling all the time. In the end, many people end up with a tragic ending of separation from their wives and children, and some even choose to jump off the building to escape reality.
After that, this terrible cycle will repeat again, starting from the first step, new leeks will continue to be involved, repeating the same tragedy. The harm caused by Ponzi schemes is huge. Investors should remain highly vigilant and stay away from such illegal investment traps.