What is the price of Yitai currency (What does Yitai mean now)?

08/16/2023 00:22 • Crypto & Markets • 39 views

What is the price of Yitai currency? What is the price of Yitai currency? What are the applications of Yitai? Yitai is a decentralized currency system. In traditional financial markets, there is a fixed supply or inflation rate to maintain the stability of the system (such as banks), and interest is calculated based on this issuance percentage. Therefore, when an investor wants to sell, they need to consider the yield, inflation rate, and their risk tolerance before receiving interest. However, with the development of virtual assets such as Bitcoin, more and more traditional investment institutions are starting to allocate their funds to various cryptocurrencies and will introduce new investment methods, which is a positive news for the healthy development of the entire market.

What does Yitai mean now?

During the time when Bitcoin is soaring, Yitai now means “spot” and “(contracts)”, which are both very intuitive terms.

We can see it as a trading behavior, which means that when the market is rising, some people will buy high-yielding products to make money. But this way, in fact, is playing futures games or other types of activities. So if you think that this is a good way for market manipulation by the whales, then you will find that this voice is very weak. Therefore, the so-called “spot” is also called “selling”. “Contracts”. That is to say, if you lose money in this process (for example, if you have suffered losses in recent times, there may be many people who have not lost), if you really want to hedge risks and make profits, then you need a simple leverage. And some platforms currently used in the market adopt spot mode and exchange using spot coins, which means that users do not need any collateral when they want to buy coins on the exchange, but they need to obtain corresponding digital assets through contracts first. This is called “contracts”.

Generally speaking, the relationship between the prices between buyers and sellers at this stage is often very vague, but there are often two possibilities: either directly buy or choose a direction and then sell it.

For ordinary investors, “spot” does not mean digital assets, and “contracts” only refers to those who have purchased digital products or hold a certain proportion of digital assets, rather than investors who only have partial digital assets.

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What is the price of Yitai currency (What does Yitai mean now)?

What does Yitai mean now?

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