Never before has a new form of making money blossomed like the virtual currency exchanges in Vietnam like now. The profits are promoted up to tens of percent / day, but players only need to log in to their accounts and ‘open their mouths to wait’.
Players are not only “time billionaires” but there are many civil servants standing on smartphone screens to monitor the rise and fall of virtual currencies. The attraction of these exchanges is that the profits are too large, the participation is too easy and there is almost no thinking. So although in the world and in the country, many exchanges collapsed, the “owner of the floor” disappeared; many investors still rush in like a moth.
In the world, it is true that there are many digital currencies (like Bitcoin) that are recognized by countries and in fact many entrepreneurs have become billionaires thanks to it. Many technology experts believe that digital currencies in the future will be encrypted with top secret, able to cross space, time, and transact easily… Of course, the current operating environment is only for transactions in one multinationals (there are large American companies that are even richer than a sovereign nation) are experienced enough; did not say anything on the internet. As long as some large enterprises accept the transaction (a certain digital currency) it can circulate within the allowed range. Recently, with the participation of billionaire Elon Musk (famous Tesla boss of South African origin), Bitcoin has skyrocketed in price. Because the community using digital currency is still a minority (compared to real money), it is still called virtual money. Because, transactions are still converted into real money (through strong currencies like USD). Just like real money, there are different types of virtual money. As a general trend, many digital businesses want to create their own currency. For example, even the social network Facebook also formed a coin called Diem (formerly named Libra). The problem is that in Vietnam, the currencies that are used by the world’s billionaires and some countries for the above transactions are not accepted by the authorities in the country. There are many reasons, but it is possible that controlling such coins is not easy. In addition to virtual currencies with “cheek numbers”, many fake “boss” set up floors and set up servers abroad to attract participants with huge profits. These brokers are called binary options trading (a way of betting to predict the price of virtual currencies, stocks rising/falling). Many times, its form is no different from a type of online gambling. Not to mention, with this virtual currency, football betting houses (overseas) or something similar can easily receive bets. Virtual money transfers are also difficult for the state to control through tax collection… Most importantly, both in the world and in Vietnam, many exchanges suddenly closed, collapsed due to the sudden death or escape of the owner. led to the deaths of tens of thousands of “mommoths”. The deaths are similar to the collapse of the multi-level system.
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