Draft Law on Managing Bitcoin and Crypto Assets in Vietnam: A Comprehensive Approach
Bitcoin, Ethereum, and other cryptocurrencies are becoming the focus of discussions about global financial technology. In this context, Vietnam is taking strong steps to build a legal framework to manage and regulate the digital asset market, especially Bitcoin, based on international experience and domestic practical situations.
I want to share with you a memorable journey, a journey that not only changed my life but also helped those around me achieve financial freedom. It all started with faith in Bitcoin and the power of 'buy and hold.'
First Steps: Belief in Bitcoin
When I started to learn about Bitcoin, many people around me expressed doubt. “Virtual money? It's just a financial bubble!” they said. But I did not think that way. I saw the immense potential of Bitcoin: an asset not controlled by any government or bank, and a financial tool that could change how we trade and store value.
Why Does Bitcoin Mining Consume So Much Energy and Resources to the Point of Raising Environmental Concerns?
Bitcoin, with the potential to revolutionize the global financial system, not only attracts the attention of investors but also poses serious environmental challenges. One of the biggest issues is that Bitcoin mining consumes an enormous amount of electricity and puts pressure on natural resources. This has led many countries to consider the sustainability and environmental impact of this cryptocurrency.
In the world of investing, there is a famous saying: 'Time in the market is more important than timing the market.' For Bitcoin – the leading cryptocurrency in the global financial revolution – this saying is not just a philosophy but also a guiding principle for wise and insightful investors.
What are you doing with your hard-earned money? Have you ever looked back and asked: 'Where am I heading? Working for a month, saving every penny, and then in an instant, everything disappears?' #BTC I do not blame you. Who doesn't want to escape poverty, who doesn't want to get rich quickly? But the problem here is that you are on the wrong path. You think that just a few investments, listening to a few tips, taking a gamble, and your life will change. Wrong. Life does not operate that way.
Once upon a time, in a colorful world where technology and money intertwine, there was a boy named Bitcoins. He was born in a small village called Blockchain – a magical place where everything is transparent and immutable. Bitcoins was unlike any other child in the village. He had a special ability: every time he stepped into a new place, people around him could use his power to trade, exchange without having to trust each other – just trust his system.
Long-Term Vision: The Secret to Success in Cryptocurrency Investing
Let’s look back at your journey: In the past, when you owned a piece of land, you thought that you would just sell it to make a profit and then buy another piece, each time making a profit. But after many times of buying and selling, compared to the value of the first piece of land at the present time, your total assets are only half. Why is that? #Btc That’s because short-term decisions, while seemingly profitable, miss out on the real value of long-term growth. The cost is not just money, but also time, effort, and opportunity. You’ve spent countless hours looking at land, finding buyers, and dealing with paperwork—things that take away much of the peace in your life.
Think back: In the past, when you saved some money, what did you think about buying to accumulate assets? Was it gold, land, or a house? Yes, those are all valuable assets. But to own them, you must have a large amount of money:
• Gold: You must buy at least half a tael or more.
• Land: You must prepare several hundred million to dare to think about it.
• House: You need at least 30% of the value to be able to borrow from the bank.
If you don't have enough money, what will you do? Leave it in the bank? The interest rate may not cover inflation. Put it in a piggy bank? Money not only does not generate interest but also depreciates over time.
But now, with the appearance of Bitcoin, the story is different. With only 100,000 VND, you can own a small part of the asset. The great thing is that this opportunity is shared equally with everyone, regardless of how much capital you have in hand, as long as you have enough knowledge and determination.
Making money is difficult, but keeping money and making it grow is even more difficult. Meanwhile, losing money is extremely easy. Therefore, remember:
• The more valuable and expensive something is, the safer it is.
Start with small amounts and accumulate gradually.
View Bitcoin as a valuable asset and hold it for the long term.
Take action today, small but regular steps. One day, you will be surprised by the results you achieve. Bitcoin is not only an asset, but also an opportunity for you to enter a new financial world, where all limits are broken.The opportunity is in your hands!#BTC☀
How to keep a steady mindset like a tripod, regardless of whether Bitcoin prices rise or fall.
To maintain your mindset amidst the volatility of Bitcoin prices (or any asset), you need to build a strong mentality and have a clear strategy. Here are some suggestions to help you remain steady regardless of whether prices rise or fall: #BTC #BTC☀ 1. Understand the nature of Bitcoin and the cryptocurrency market
• High volatility: Bitcoin prices are always highly volatile, which is normal in this market. Accept that prices will always fluctuate, sometimes very unexpectedly.
If the U.S. goes bankrupt financially, what scenarios will Bitcoins fall into?
If the U.S. enters a state of financial bankruptcy, meaning the government cannot repay debts or loses its ability to service public debt, this will have widespread impacts on the global economy, including cryptocurrency markets like Bitcoin. Here are some potential scenarios for Bitcoin: #BTC☀ 1. Strong price increase as 'digital gold'
• Bitcoin becomes a safe-haven asset: As confidence in traditional assets like USD declines, investors may turn to Bitcoin as a store of value similar to gold.
In the crypto world, which projects are decentralized?
In the crypto world, there are many decentralized projects built on blockchain technology. These projects often belong to areas such as decentralized finance (DeFi), infrastructure, blockchain gaming, and many other fields. Here are some notable examples:
1. Decentralized finance (DeFi)
• Uniswap: A decentralized exchange (DEX) on the Ethereum blockchain where users can trade tokens without intermediaries.
The Noble Eightfold Path (八正道) is an important concept in Buddhism, representing the path to enlightenment and liberation. In the modern financial world, especially with Bitcoin, we can use the Noble Eightfold Path as a frame of reference to approach and exploit the true value of this technology. Here is how the Noble Eightfold Path can be applied in the Bitcoin world:
The perspective of “putting eggs in many baskets” is outdated – Bitcoin is the only basket you need
Hey family, surely everyone of us has heard the saying “Don't put all your eggs in one basket.” This is a familiar lesson that many generations have been “taught” to avoid risks, to not lose everything if one basket tips over. But this perspective, in an era where everything changes rapidly like today, has become outdated.
Let's take a look back: if you scatter your eggs into many different baskets, each basket with uncertain quality, can you protect your assets or are you just creating more risks for yourself? In the cryptocurrency market, where Bitcoin stands as the safest and most sustainable basket, I believe the answer is clear.
Have you seen anyone with gambling blood who is successful in the long run?
Everyone in my family, think about it, do you know anyone with the gambling blood who is sustainably rich? Probably not, or if there is, it won't last long. That's because gambling blood and true success never go down the same path. And this is even more true when you step into the cryptocurrency market.
Many newcomers to Bitcoin, instead of choosing a sustainable and long-term investment method, dive into risky games like 10x, 50x, or 100x leverage. They think they are smart, just one 'all-in' move can change their lives. But believe me, most of those gambling types end up losing and leaving the market bitterly.
Don't let the wrong mindset cost you in the cryptocurrency market
Dear family, when you start stepping into the cryptocurrency market, you will surely find everything very attractive and full of opportunities. But pause for a moment and think carefully before pulling out your investment wallet.
Many beginners often think that: • 'Bitcoin is too expensive now, how can it increase many times more? Surely investing in smaller coins will yield big profits like Bitcoin in its early days.'
Letter to the Government of Vietnam: A Golden Opportunity to Lead the New Financial Era
Dear Government Leaders,
In an era where the technology revolution is comprehensively changing the global economy, Vietnam stands before a rare opportunity to become a leading beacon in the digital finance sector. A bold yet promising policy – tax and transaction fee exemptions for Bitcoin – could be the key to ushering the country into a new era of prosperity.
The image provides information related to the cryptocurrency market, specifically the indices and market trends. Below is a detailed analysis of the indices: 1. BNB and BTC Prices: • BNB/USDT: The latest price is 610.90 USDT, down 0.41% in the past 24 hours. This shows that BNB is experiencing a slight downward trend. • BTC/USDT: The latest price is 97,527.50 USDT, up sharply 4.75% in the past 24 hours, indicating that Bitcoin is attracting significant capital inflow and experiencing considerable growth.
In the world of cryptocurrency, Bitcoin always holds a special position that no other digital asset can match. This is not only due to its popularity or market value but also stems from its primal and unique characteristics. This article will explain why Bitcoin is rarer than Ethereum and why you should own Bitcoin while you still can.
1. Bitcoin – The most limited digital asset on the planet