What does the currency contract 1x mean (how to calculate the profit of currency contract)?
What does the currency contract 1x mean? What does the digital currency contra
What does the currency contract 1x mean? What does the digital currency contract 1x mean? In Chinese, it means “zero” and “one”. In English, “X” (One) is a word, a binary unit. In simple terms, it is “1X(0.1)”. 1X is a tokenized name for a cryptographic asset and also a digital token pegged to the US dollar at a 1:1 ratio.
For ordinary people, understanding 1x has two benefits: 1. It is convenient to buy 1 bitcoin or one Ethereum quickly; 2. It can help you better invest $10,000 or less in cryptocurrency. For example, if you buy bitcoins or Ethereum with fiat currency, you can obtain a certain amount of Ethereum. And if you exchange ETH for BTC, you can earn interest from these funds. At this time, 1X is called gold because its value is higher than the price of some fiat currencies.
How to calculate the profit of currency contracts
Currency contracts are leverage and profit methods in digital asset trading. They are settled with BTC as the underlying asset in the perpetual contracts. Currently, the price trend of Bitcoin is relatively stable, but it has a significant upward trend on the daily chart. However, due to the volatile and relatively small fluctuation range of the market, it is recommended that investors focus on short positions or be as supportive as possible for long positions. As for spot trading, caution is needed because the cryptocurrency market is not yet completely mature, so risk control is necessary.
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