Many people are still wondering:
Are virtual money and crypto the same thing? Virtual money and crypto (or cryptocurrency) are ONE.
But there are many different terms such as: CRYPTOCURRENCY, DIGITAL MONEY, ELECTRONIC MONEY, ENCRYPTED MONEY...
Before participating in virtual money investment, it is necessary to learn how to manage risks:
- Only invest money you can afford to lose
- Diversify your investment portfolio: Do not concentrate your capital in a single coin.
- Use risk management tools: Stop-loss, take-profit, margin trading...
- Secure your account
Use a strong password and two-factor authentication (2FA)
Store private keys safely: remember not to share with anyone.
- Be careful with fake websites and applications
- Enhance your knowledge:
- Actively participate in courses, seminars on virtual money investment
- Read reputable books, newspapers, and documents about Bitcoin
- Exchange ideas with experienced investors.
+ Some other useful tips
- Start with a small capital: Do not invest too much money when just starting
- Be patient: the virtual money market is highly volatile, wait patiently for opportunities
- Take responsibility: do not trust the investment advice of others
- Consider using investment consulting services: if you do not have enough knowledge and experience.