When many other investment channels face difficulties because of the pandemic, virtual currency is emerging as a bright star of the market. So, should I invest virtual money now to make a lot of profit?
The appearance of billionaires getting rich from playing coins makes many people "rush" to invest in virtual money. With the hope of becoming the next "king", many of them accept to pour all their capital into this game. But should you invest in such virtual money , when the risk is always close?
Investors often talk to each other like " investing in virtual money is very profitable ", " playing coins is very rich ", etc. This is what has made the hot virtual currency market hotter and hotter. However, if there is a winner, there must be a loser.
In fact, not everyone can make a profit from their virtual currency investment. So should invest in virtual money or not? Follow the article below of CashBerry for the answer!
What is virtual currency?
Virtual currency has quite a few definitions of it. But in general, virtual money (coin, electronic money) is a form of digital money that is traded, bought and sold on an online platform . These coins are created and managed with the developers, the government does not issue or control them. Therefore, the use is only encapsulated in a community or group of people who accept it.
Normally, virtual money will be used for transactions, exchange, payment or storage through software and applications installed on phones and computers. In addition, due to its high liquidity, it is profitable for traders to invest. Thanks to that, the cash flow and the number of participants increased over time, creating a virtual currency boom in recent years.
Virtual currency investment trends today
Many years ago, the phrase " fraudulent virtual currency investment " appeared on the market a lot. Even so, the constant growth and continuous price spikes have demonstrated how great the potential of this currency is. The proof is that now, many parts of the world have begun to accept payment in coins.
The virtual currency market is recording the continuous emergence of new coins. Up to this point, there are more than 7000 different cryptocurrencies that are publicly traded. And the number continues to increase in parallel with their value, typically coins: Bitcoin (BTC), Ethereum (ETH), RIPPLE (XRP), Sorana, Tether, …
The demand for virtual currency is increasing, even the top entrepreneurs and businesses intend to convert assets into virtual currency for transactions. In the future, it is possible for virtual currencies to completely dominate the market.
In Vietnam, if the concept of virtual currency was still quite unfamiliar 3-4 years ago, recently, the number of people "playing coins" has increased rapidly day by day. According to a recent survey, Vietnam has risen to 2nd in the world in the list of countries with the highest percentage of holders of cryptocurrencies and virtual currencies in the world. Followed by the appearance of new billionaires, getting rich just by playing coins.
Should you invest in cryptocurrencies ?
Along with investment channels in stock , Forex , etc., virtual money investment is becoming more and more popular. Accordingly, there are many words of promotion and word of mouth about the convenience and "super profit" level of different virtual currencies that confuse many investors. However, you can consider the advantages below to make a decision whether to invest in virtual money at this time or not.
● Huge growth potential
In essence, the value of virtual currency will be decided by the community and the group of people who accept it. So, when that community and group of people are constantly increasing, the value of that virtual currency will be affirmed. The proof is that leading experts or financial institutions are having stronger investment plans in the virtual currency market.
● Demand is constantly increasing
Transaction quality is confirmed, the market is constantly expanding. It is understandable that investors turn to virtual currency investment. Especially while the Covid-19 pandemic is raging, other financial investment channels are almost frozen.
● Technology ensures safety
With cryptocurrency investments, technology is key to their value. The application of blockchain technology has made the process of storing and transmitting relevant information always safe and absolutely secure.
Coins exist in encrypted form so they cannot be counterfeited. As a result, it creates confidence in investors, as well as convinces them to implement the plan to "pour capital" faster.
● Easy access, diverse support
Up to now, virtual currency investment has been very convenient when there are many participating exchanges to support. Investors can easily access information sources, freely consult and learn. In addition, the access channels are also more diverse than before, when you only need to install the storage and transaction software on your phone or computer to be able to participate in investment.
● Accept risk when participating in virtual currency investment
Investing in any channel can carry risks, so can virtual currencies. Currently, there are two main factors that govern most of the value of virtual currencies: legality (because our country does not have a law to protect the interests of virtual currency investors) and strong volatility following world market trends. gender. There are many cases, one day getting rich with virtual money, but the next day, it can also be lost.
Therefore, you should not spend all your money to invest virtual money. In order to have a chance to profit this channel, you need to continuously hone your investment skills, knowledge and understanding in the decentralized platform. Another virtual money investment experience is to be always wise, update information regularly and have effective risk management strategies to minimize the possibility of loss.
Should invest in virtual currency or stock?
The current safe investment channels are government bonds, savings, buying insurance, buying gold, .... Both real estate, stocks, virtual currencies, etc. are all part of the venture capital channel. Therefore, to make a decision whether to invest in virtual currency or securities , you need to consider the opinions of experts as well as statistics on the growth rate, the number of investors, the safety of the cryptocurrency. two fields.
Cryptocurrency exchanges have many similarities with stock exchanges. Although not as old and safe and stable as, the virtual currency market still contains a lot of investment opportunities and gets the best returns. Quite a few virtual currency investors have made profits up to 1,000%.
And there is a certain correlation between virtual currencies and securities. Large investors look to virtual currencies to diversify their investment portfolios. So that when either market rises or falls, it can create a stimulating effect that spreads to the other market.
Whether to invest in virtual money or not, the main decision lies with you. Once involved, to ensure safety, you need to always proactively manage possible risks. At the same time, diversify and divide the investment portfolio reasonably. Especially, invest according to your ability to bear losses, not put everything in one place.
To use the high profitability of virtual money, you first need to have a stable capital source. Currently, 24/7 online lending services are in vogue. If you want to borrow money quickly , with consecutive days you should use the form of a loan online CashBerry. Just visit the website cashberry.vn or download the CashBerry app on CH Play, you have an instant loan of up to 10,000,000 VND.
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