Popular form of virtual currency today. Yesterday, May 11 can be seen as a virtual currency day when a series of anonymous and worthless coins are pumped by a stream of billionaire Mark Zuckerberg’s status. In the afternoon of the same day, the virtual currency fever began to spread rapidly in Vietnam when many Vietnamese artists posted the same status, alluding to this AquaGoat, Shiba Inu fever. Virtual money hiding multi-level ball. Virtual money or electronic money (cryptocurrency) has always been a “hot” issue since Bitcoin exploded in value around the second half of 2017 until now. The value of this coin has increased many times to more than 57,000 USD (as of the morning of December 12, 2121). Recently, many other virtual currencies also appeared and “followed” this trend, fluctuations and statements of famous people. Elon Musk – billionaire owner of Telsa company not long ago made statements that made Dogecoin virtual currency soar. In Vietnam, virtual money is also causing certain “investment fever” from amateur players. Recently, many Vietnamese celebs such as Ngoc Trinh, Kieu Minh Tuan, Nam Thu, Le Duong Bao Lam … suddenly posted status on personal Facebook pages related to this topic. “Underwear Queen” Ngoc Trinh seems to be more enthusiastic when posting 4 different statuses around virtual currency investment one day. She also showed off a photo of an account with more than 186 Bitcoin (BTC), with a school value at that time was more than 55,000 USD / BTC, Ngoc Trinh’s account exceeded 10 million USD, a number that can be called “impossible”. However, many people later claimed that the account was fake, not owned by her. The virtual money trap hits human greed. FXT is a multi-level virtual currency used by Lion Group (or Lion Team, Lion Community) to entice investors with huge commitment to profits. This incident has been City Police. Da Nang issued a warning from the beginning of February. Accordingly, Lion Group’s operations do not comply with the law, investors who lose money will not be protected by the law. About a week ago, press agencies began to reflect on the corruption and fraud of the Lion Group. A few days ago, Lion Group’s multi-level exchange disabled participants’ ability to withdraw money. That is, FXT buyers are now holding a pile of insolvent, worthless cryptocurrencies. It is worth mentioning that despite being warned in a recent week, Lion Group still hired artists to advertise for FXT in order to get the best shot. On virtual money groups, Vietnamese investors are frustrated because some artists disregard everything to make a profit based on the lack of understanding of a large part of the population. Virtual money always lurks in many different forms. Virtual money, virtual name but losing money is real. Investor Eric Vuong rated the artists’ actions as’ crime, murder without knives’. “You should only invest in coins when you know the nature of the model, or you can accept the risk of losing all the money involved,” he stressed. According to experts, the hallmark of multi-level virtual currencies is commitment of huge profits, loss covers, account fire protection, mostly only traded on small exchanges, newly established exchanges with traffic. Access mainly comes from Vietnam. These currencies usually have no information about the development team, blockchain, whitepaper or if any is fake. In this incident, the type of Forex (Foreign Exchange Market) cryptocurrency was not licensed in Vietnam. So when receiving “advertising contracts”, artists need to find out clearly to avoid breaking the law./.

The constant influx of money into cryptocurrencies has a huge impact on billionaires who run SpaceX and Tesla, who identify themselves as Dogefather (roughly translated: The Godfather of Dogecoin). And if the market crashes, Elon Musk said people could call themselves Elongate, a reference to the Watergate scandal that led to the resignation of 37th US President Richard Nixon. Both Dogefather and Elongate have become virtual currency projects attracting thousands of investors with tens of millions of dollars frantically pouring into projects still on this paper. That’s not to mention the effect that Elon Musk created earlier that made another satirical virtual currency, Shiba Inu, also skyrocket in value. Mark Zuckerberg named his goats Max and Bitcoin, immediately fueling the zoonotic crypto craze. But Elon Musk is not alone, the 50-year-old billionaire will soon feel his shark position being violently shaken by characters who are not less popular. Mark Zuckerberg in a recent post with a very simple caption “My goats: Max and Bitcoin” has fueled the fever of fauna virtual money. In just a few hours, anonymous and worthless virtual currencies such as Pig Finance, AquaGoat, Akita Inu or Pitbull suddenly increased in both value and trading volume. The up and down momentum a few times like this is a true reflection of what’s going on in the world of cryptocurrencies, where small investors (called fryers) are buying and selling massively based on celebrities (yes probably the shark) mentioned. It all stems from the fear of missing an opportunity, a term that is extremely popular in the world of cryptocurrency players called FOMO status. By FOMO, a worthless satirical virtual currency Dogecoin has gone from zero to the fourth largest cryptocurrency in the market with a peak cap of $ 90 billion. Dogecoin, after a series of pump & dump fluctuations and sharks is currently trading around the $ 0.50 mark corresponding to a market cap of around $ 66 billion. Very soon, however, another emerging candidate appeared to threaten the Dogecoin dog’s position, which is the Shiba Inu. Just being listed on the world’s largest exchange, Binance, Shiba Inu has dramatically increased in value with a cash flow of nearly $ 20 billion after 24 hours. Ngoc Trinh also joined the virtual money game with a series of bold PR status statuses. Following this craze is not only the technology world, but also art activists like Cao Thai Son. In recent days, the voice of Rain Road not only constantly mentioned virtual money but also livestreamed to show fans how to wisely invest in the virtual money market. But when Cao Thai Son has not revealed how much money to invest in this market, another Vietnamese “shark” has revealed, that is Ngoc Trinh. In just one red afternoon, “the queen of underwear” immediately posted four lines of status referring to virtual money, in which a status showed off a (fake) account with more than $ 10 million, including nearly $ 900,000 invested in virtual currency Shiba Inu. Removed the latest status because of being exploited to borrow someone else’s account, Ngoc Trinh’s four consecutive status lines still attracted tens of thousands of likes, thousands of comments and shares. Although it was confusing and was judged as a PR trick, Ngoc Trinh still showed the height of the hand of a person controlling the game, leading the fry by writing simple, easy to understand correct style “no money. land to eat ”. At the same time as Ngoc Trinh, on the other side of the hemisphere, billionaire Elon Musk, as usual, continues to have a turbulent tweet when he makes a poll to ask people if they want Tesla to accept payment by Dogecoin coin or not. Currently, 76% of respondents said yes. But again, investors need to be wary of their own pockets, not chasing celebrity calls if they don’t want to be victims of this zero-sum game.