Financial markets have been turbulent recently. Not long ago, the stock market, which had plummeted due to COVID-19, suddenly became prosperous. The Nasdaq index in the United States even broke the highest record. The Korean stock market is also booming. , There was also speculation around biological stocks.

The cryptocurrency market is even more chaotic. As the leader of the market, Bitcoin's floating curve is basically the same as the stock market index in the system, but other tokens are surly, with ups and downs and turmoil. Since there are no fixed investment regulations, some projects have potential problems, which can easily cause price fluctuations. Especially after 2018, the cryptocurrency market has ushered in a cold winter, and some so-called "speculative coins" and uncompetitive cryptocurrency projects seem to have reached a critical point.

The problem is, quite a few investors have lost money in the process. During the booming market in 2017, as long as any project is stained with "blockchain", the income can be guaranteed. Therefore, some investors began to show off everywhere, advocating that "buy the currency I am investing in, and I will surely make a profit without losing money", which attracted a large number of investors. Some people even claimed that "as long as a certain amount of funds is given, we can mine coins on behalf of them and help investors make money", and there have been a lot of scams. Since cryptocurrency is still an emerging industry and lacks basic regulatory mechanisms, fraud victims do occur frequently. Recently, a media outlet specifically reported on the status of victims of such scams.

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Learn from South Korea's Emerging 'Whales'

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Taking advantage of the existing environment requires a certain amount of luck

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It is impossible to be strong for 3 years by luck alone

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take failure as a mirror

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Keep abreast of market trends

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Victims of virtual currency scams in their eyes

So, what do they think of victims of virtual currency scams? The eight people agreed in an interview, “Victims may have entered the market hastily without understanding the principles of currency circle investment, thinking about profit, and eventually fell into the trap. This is an emerging market that has not been covered by regulatory authorities, and it is prone to more many extreme cases". E, who manages a currency circle forum, said, "Many people rush into the market after hearing the news that a few people are making a lot of money, invest in cryptocurrencies with illusions, and are not sensitive enough to market changes."

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It is necessary to pay taxes, but I hope that the taxation system will be more reasonable

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Why is the cryptocurrency market healthy?

Finally, the reporter asked them about ways to promote the healthy development of the cryptocurrency market. Surprisingly, they gave different answers. Some people said, "First of all, investors need to wake up and not invest blindly"; some people said, "The government needs to formulate strong regulatory regulations." Among them, the answers of G and A are more attractive.

JOIND Reporter Park Sang-geol park.sanghyuk@joongang.co.kr

JOIND Reporter Park Sang-geol park.sanghyuk@joongang.co.kr