What is the difference between 1099 and 1100 prices (10900 and 10920)
What is the difference between 1099 and 1100 prices? After Bitcoin\’s first halvi
What is the difference between 1099 and 1100 prices? After Bitcoin’s first halving on December 31, 2017, the price briefly reached nearly $10,000. However, by May 2019, due to a decrease in Bitcoin block rewards and network congestion, the overall network hash rate of Bitcoin dropped by over 40%, resulting in all newly minted coins by Ethereum miners being sold off and causing an increase in the Bitcoin network difficulty.
Based on previous price calculations, 2.99 BTC can be exchanged for approximately 0.998 BCH (equivalent to $10,000). Currently, some Bitcoin users have chosen to transfer their Bitcoin to Coinbase or Bitfinex for purchasing. Therefore, the official pricing sets the minimum intermediate quote at 1100. This means that in order to conduct a transaction, a small amount needs to be set first to determine whether this large amount of funds should be transferred to the exchange. How significant is the difference between these two prices? And why do they exist?
First, let’s look at the differences between the two tokens:
1. The prices are the same, but the values are different.
2. Whenever the Bitcoin price rises, there is a fixed period of time. For example, during each bull market, many people enter the market for buying or short-selling opportunities, which usually creates a certain amount of Bitcoin. It gradually decreases to the current level after a period of time. Generally, after the bull market ends, some Bitcoin flows from the market to other places, resulting in hedging positions and increased market volatility.
The other type is known as “double spending” because a Bitcoin transaction involves a large number of buy and sell orders between parties, and each party incurs corresponding costs, including fees and commissions. The most important issue is the cost aspect. Many investors do not understand what specific digital currencies are and what profits they can bring, nor can they invest directly in these currencies. This is also true for ordinary retail investors because as fewer and fewer people participate, they face enormous risks. Therefore, they tend to give most of the profits to institutions, earn some cash or stocks through this method, and then use this money for leverage operations. So, in fact, there is a more effective way to avoid this problem, which is to use spot transactions for arbitrage, which can reduce user losses.
10900 and 10920
According to coindesk, in the past week, the tokens on Ethereum with the code names 10900 and 10920 have reached historical highs. These newly issued tokens are 100 ERC20 tokens (equivalent to $10,000,000). Currently, these two tokens have not been traded for three months, and the previous two versions have encountered some issues, so it is difficult to define them as “testnet.” According to CoinMarketCap’s data, as of the time of writing, the price of 10900 is approximately $88,000, and the price of 10920 is approximately $52,000, with the previous lowest price being around $49,000.
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