In less than 6 months, bitcoin digital money (BTC) has tripled in price. In particular, from June 19, immediately after Facebook officially announced its first electronic currency named Libra, the BTC has increased rapidly, from 9012 USD / BTC jumped to 13,879 USD / BTC ( morning of June 27, Vietnam time, then fell straight to 10,660 USD / BTC. By about 15 pm June 28, the BTC inched up to 11,472 USD / BTC.
Buying and selling drip
Before that, when BTC returned to 7,000 - 8,000 USD / BTC, forums, groups, floor of digital money ... started bustling again after more than 1 year of silence. However, according to reporters, those who spend money on BTC in Vietnam do not dare to "play big" as before but are more cautious.
Talking to reporters, representing a digital money trading floor based in Singapore, said: "The BTC continuously raised prices from 8,000 USD / BTC to 10,000 USD and 11,000, 12,000 USD attracted many investors. Investing back, there were also accounts opened from Vietnam, they continuously bought and sold, causing a sudden increase in trading volume, from the middle of May to the middle of June, there was a 10-day increase in transaction number 20 times more than before ".
However, according to bitcoinvn.io representative, although the transaction frequency has increased, the trading volume is not large. Many people have not dared to open an account but only traded under the guidance of bitcoinvn.io system, which only buys at least 0,0006 BTC at 282,000 VND, the floor "eats" the transaction fee of VND 94,000 / buy - sell. and service fee of 0.2% of transaction value.
Similarly, on Remitano.com floor, people play coin also very small transactions, each order to buy and sell only 0.007 - 0.1 BTC despite the owners of this floor constantly inviting investors to open accounts. Translation will be donated 0.01 BTC, equivalent to 2.5 million VND. "Due to the lesson of holding the BTC at the end of 2017 with the price of VND 400 million, then it almost lost its value so this time even though the BTC has increased dramatically, I only buy - sell about 0.0005 BTC per order. When the price rises, I sell it immediately to preserve capital ”- an investor with experience on Remitano.com floor said.
Meanwhile, Mr. Vinh, who is playing digital money on the foreign exchange, said the international market now has 3 BTC exchanges that attract a lot of investors. These are Binance, Bitfinex.com and Okex. It is worth noting that these exchanges incorporate features of buying and selling BTC in USD, allowing customers to create storage wallet as well as transfer and receive BTC.
Mr. Thanh, who is opening an account on Binance, said last week when he saw BTC exceed 10,000 USD / BTC, he only bought 0.2 BTC but did not dare to buy as much as before. "When the BTC increased to nearly 14,000 USD / BTC I was a bit sorry to buy too little but this morning (June 28) opened the web to see the digital money simultaneously plunged to feel relief that I made the right decision. , with the current price, I still have a little profit "- Mr. Thanh revealed.
People "dig" to celebrate the face
Also related to the BTC, when the currency flourished again, many people continued to search for money digging machines, excavator companies also found output for inventory from 2 years ago. People who had to close their digging factories because of losses began to restart their digging systems in the hope of making a profit from this price increase. "Recently, when the BTC increased strongly, I restarted my 15 virtual money digging machines. With the current electricity price and other costs, if the BTC reached 7,000 - 8,000 USD, it would be profitable" - Mr. Le Gia Huy , a peach workshop owner in Binh Thanh District, Ho Chi Minh City shared.
Meanwhile, a representative of a company specializing in buying and selling virtual money digging systems, specialized virtual money digging machines in Ho Chi Minh City said that in recent weeks, people have asked to buy BTC excavators every day. "At present, the average price of a digging system is about VND 40, 50 million, which is equal to half or 1/3 of that of 2017 up to VND 100, 150 million / machine. At this price, many people ask If the BTC does not decrease significantly, it is certain that the excavator market will be bustling again "- this enterprise expects.
Being a careful follower of digital currencies, financial and securities expert Phan Dung Khanh analyzed BTC prices recently and increased strongly due to many factors, including the impact of the US trade war - Central, other investment channels such as real estate, securities ... are less attractive, making investors switch to safer channels such as gold, government bonds and digital money.
In the long term, BTC and other digital currencies are also supported by many factors, such as the explosion of technology 4.0 and 5G technology. These technology platforms will enable digital money to have a chance to grow. In particular, recently, Facebook announced the release of a new type of currency, or some international financial institutions have applied money to banking services ... "In this trend, domestic investors return to pour money into BTC, other types of money but the number is not as much as before, statistics from the floor showed that the number of investors increased by 3-4 times compared to the previous but still far from the time of 2017, BTC up to nearly 20,000 USD / BTC "- Mr. Khanh commented.
