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> is a 24-year old Australian national. According to its public marketing materials, Virgil Sigma has been profitable in every month from August 2016 to the pre

> is a 24-year old Australian national. According to its public marketing materials, Virgil Sigma has been profitable in every month from August 2016 to the present So 24 now, in 2017 investors gave a 100mil to invest in crypto on the say so of a 19 year old who said they make money every month. Honestly not sure who the is the bigger bad guy in all this, the scammer or the scammed.

H8crilA 5y ago
The key in every speculative bubble is to remember that you must exit, or you'll be the one holding the bag. (I hate scammers like this guy, but the comparison is valid, I think)
- quantumBerry 5y ago
  How do I know if I'm in a speculative bubble?
  - H8crilA 5y ago
    You don't, at least not for sure. That's the reason why they exist in the first place, otherwise they couldn't really gain speed.
  - deleted 5y ago
    [deleted]
  - nostrademons 5y ago
    You are for sure, in the sense that life is a speculative bubble that'll eventually end in the heat death of the universe, and your exit is foreordained. If you're looking for more actionable advice, it may be worth comparing the expected lifetime of the speculative bubble to your lifetime. Certain speculative bubbles - like the stock market, or fiat currency, or the U.S.A, or life on earth - have a fairly high chance of outliving you. Other speculative bubbles - like Solana, or $GME, or Clover Health - will probably be gone in a year or two. In between are stuff like more established cryptocurrencies (BTC and ETH), tech stocks, Silicon Valley real estate, etc. which might last for a few decades, long enough to raise children, but will likely be gone before your death. As a couple general rules, the faster they rise, the harder they fall, and the longer something has been around, the longer it is likely to continue to be around. Huge profits can be made identifying the new invention that sticks around for decades, or cashing out of the institution that's about to collapse, though.
    - quantumBerry 5y ago
      Thank you for the sober and measured response. I must say though, that US fiat has cratered since being pulled off the gold standard around 1971, and the purchasing power is always declining. It seems like some cryptos fill a similar niche gold and silver fills in the physical world. While any individual crypto could be a pump-and-dump , the basket of all cryptos represent a concept that I'm confident enough in to wager will retain utility for our foreseeable lifetimes.
- WalterBright 5y ago
  The key to making money in the stock market it so buy high sell low. Or the other way around. I never remember which it is.

H8crilA 5y ago

The key in every speculative bubble is to remember that you must exit, or you'll be the one holding the bag. (I hate scammers like this guy, but the comparison is valid, I think)

quantumBerry 5y ago
How do I know if I'm in a speculative bubble?
- H8crilA 5y ago
  You don't, at least not for sure. That's the reason why they exist in the first place, otherwise they couldn't really gain speed.
- deleted 5y ago
  [deleted]
- nostrademons 5y ago
  You are for sure, in the sense that life is a speculative bubble that'll eventually end in the heat death of the universe, and your exit is foreordained. If you're looking for more actionable advice, it may be worth comparing the expected lifetime of the speculative bubble to your lifetime. Certain speculative bubbles - like the stock market, or fiat currency, or the U.S.A, or life on earth - have a fairly high chance of outliving you. Other speculative bubbles - like Solana, or $GME, or Clover Health - will probably be gone in a year or two. In between are stuff like more established cryptocurrencies (BTC and ETH), tech stocks, Silicon Valley real estate, etc. which might last for a few decades, long enough to raise children, but will likely be gone before your death. As a couple general rules, the faster they rise, the harder they fall, and the longer something has been around, the longer it is likely to continue to be around. Huge profits can be made identifying the new invention that sticks around for decades, or cashing out of the institution that's about to collapse, though.
  - quantumBerry 5y ago
    Thank you for the sober and measured response. I must say though, that US fiat has cratered since being pulled off the gold standard around 1971, and the purchasing power is always declining. It seems like some cryptos fill a similar niche gold and silver fills in the physical world. While any individual crypto could be a pump-and-dump , the basket of all cryptos represent a concept that I'm confident enough in to wager will retain utility for our foreseeable lifetimes.
WalterBright 5y ago
The key to making money in the stock market it so buy high sell low. Or the other way around. I never remember which it is.