BT1 to BT2 ratio means.... ?

[limopc]

Now, BT1:BT2 is about 5000:870 usd

I believe this means the market has voted already for. BT1, ie. BTC

Am I right?

[1715038036]

1715038036

[1715038036]

1715038036

[1715038036]

1715038036

[1715038036]

1715038036

[1715038036]

1715038036

[1715038036]

1715038036

[limopc]

Now, BT1:BT2 is about 5000:870 usd

I believe this means the market has voted already for. BT1, ie. BTC

Am I right?

This is serious and needs an answer, the correct answer simply tells what IS going to definetly happen.

[Pursuer]

no, this just means bitfinex is making more money now that it has two additional "fake" markets for tokens that do not exist in the real world.

you can not trust the price either because the tokens do not exist in the real world! for example there is no BT2 tokens to sell so there is no sell pressure that would have been in reality if the tokens were real.

[limopc]

no, this just means bitfinex is making more money now that it has two additional "fake" markets for tokens that do not exist in the real world.

you can not trust the price either because the tokens do not exist in the real world! for example there is no BT2 tokens to sell so there is no sell pressure that would have been in reality if the tokens were real.

Sorry, hope to understand, what do you mean the tokens does not exist? It is already being traded for fiat and BTC, same as BTC... does BTC exist anywhere? Both BT1 and BT2 are the same as BTC... am I missing something?

[Pursuer]

no, this just means bitfinex is making more money now that it has two additional "fake" markets for tokens that do not exist in the real world.

you can not trust the price either because the tokens do not exist in the real world! for example there is no BT2 tokens to sell so there is no sell pressure that would have been in reality if the tokens were real.

Sorry, hope to understand, what do you mean the tokens does not exist? It is already being traded for fiat and BTC, same as BTC... does BTC exist anywhere? Both BT1 and BT2 are the same as BTC... am I missing something?

these are "future" market, bitfinex is taking advantage and adding coins that may or may not exist in the future to their platform for trading.
only bitcoin exists at the present time, in the future there may or may not be other coins called different things such as bitcoin 2x/BT2 (because of SegWit2x) (https://www.bitfinex.com/trading/BT2BTC) other coins such as Bitcoin Unlimited (https://www.bitfinex.com/trading/BCUUSD), an bitcoin gold which bitfinex surprisingly doesn't have!

unless these are released with a running blockchain and be mined for real, they do not exist.

[joseafonso123az]

no, this just means bitfinex is making more money now that it has two additional "fake" markets for tokens that do not exist in the real world.

you can not trust the price either because the tokens do not exist in the real world! for example there is no BT2 tokens to sell so there is no sell pressure that would have been in reality if the tokens were real.

Sorry, hope to understand, what do you mean the tokens does not exist? It is already being traded for fiat and BTC, same as BTC... does BTC exist anywhere? Both BT1 and BT2 are the same as BTC... am I missing something?

these are "future" market, bitfinex is taking advantage and adding coins that may or may not exist in the future to their platform for trading.
only bitcoin exists at the present time, in the future there may or may not be other coins called different things such as bitcoin 2x/BT2 (because of SegWit2x) (https://www.bitfinex.com/trading/BT2BTC) other coins such as Bitcoin Unlimited (https://www.bitfinex.com/trading/BCUUSD), an bitcoin gold which bitfinex surprisingly doesn't have!

unless these are released with a running blockchain and be mined for real, they do not exist.

Never heard anything about this! So this got me curious. So this means that Bitfinex has just put to trade two tokens that don't exist, or don't have any project associated to it?  If it is like this, then it might be a scam that Bitfinex might want to do, so I would be careful to not buying this tokens for the long run!

[HeRetiK]

no, this just means bitfinex is making more money now that it has two additional "fake" markets for tokens that do not exist in the real world.

you can not trust the price either because the tokens do not exist in the real world! for example there is no BT2 tokens to sell so there is no sell pressure that would have been in reality if the tokens were real.

Sorry, hope to understand, what do you mean the tokens does not exist? It is already being traded for fiat and BTC, same as BTC... does BTC exist anywhere? Both BT1 and BT2 are the same as BTC... am I missing something?

these are "future" market, bitfinex is taking advantage and adding coins that may or may not exist in the future to their platform for trading.
only bitcoin exists at the present time, in the future there may or may not be other coins called different things such as bitcoin 2x/BT2 (because of SegWit2x) (https://www.bitfinex.com/trading/BT2BTC) other coins such as Bitcoin Unlimited (https://www.bitfinex.com/trading/BCUUSD), an bitcoin gold which bitfinex surprisingly doesn't have!

unless these are released with a running blockchain and be mined for real, they do not exist.

Never heard anything about this! So this got me curious. So this means that Bitfinex has just put to trade two tokens that don't exist, or don't have any project associated to it?  If it is like this, then it might be a scam that Bitfinex might want to do, so I would be careful to not buying this tokens for the long run!

The SegWit2x project exists and both tokens are derived by freezing the underlying BTC of whoever wants to trade these futures. So while these tokens are "fictional" for lack of a better word, they are backed by BTC and not completely baseless.

If the SegWit2x hardfork occurs, people who hold BTC at the time of the fork will get both BTC and B2X.

Holders of BT1 will be able to redeem their tokens for BTC only and holders of BT2 will be able to redeem their tokens for B2X.

Should no SegWit2x hardfork occur, nothing will change for BTC holders, BT1 holders will reedem their tokens for BTC and BT2 holders will be shit out of luck. Which is why BT2 trading is risky and the current numbers on B2X are not completely reliable.

[Zorbak]

When seeing prices of BTC and BT2X I can not stop thinking about the deal of Charlie Lee and Roger Ver exchanging 1:1 BT2X for BTC, what a great deal he did Charlie

[sangtuosimino]

Yes, my friend, I think so. Maybe the BTX that will appear next month is BT3, and maybe there will be BT4, BT5 later......
It's a bit confusing. Really, everybody accepts that BTC is BT1?

[stompix]

no, this just means bitfinex is making more money now that it has two additional "fake" markets for tokens that do not exist in the real world.

you can not trust the price either because the tokens do not exist in the real world! for example there is no BT2 tokens to sell so there is no sell pressure that would have been in reality if the tokens were real.

Sorry, hope to understand, what do you mean the tokens does not exist? It is already being traded for fiat and BTC, same as BTC... does BTC exist anywhere? Both BT1 and BT2 are the same as BTC... am I missing something?

these are "future" market, bitfinex is taking advantage and adding coins that may or may not exist in the future to their platform for trading.
only bitcoin exists at the present time, in the future there may or may not be other coins called different things such as bitcoin 2x/BT2 (because of SegWit2x) (https://www.bitfinex.com/trading/BT2BTC) other coins such as Bitcoin Unlimited (https://www.bitfinex.com/trading/BCUUSD), an bitcoin gold which bitfinex surprisingly doesn't have!

unless these are released with a running blockchain and be mined for real, they do not exist.

Never heard anything about this! So this got me curious. So this means that Bitfinex has just put to trade two tokens that don't exist, or don't have any project associated to it?  If it is like this, then it might be a scam that Bitfinex might want to do, so I would be careful to not buying this tokens for the long run!

Really?
We just had an example last week with yobit leading the pack trading btcgold.
While there was no wallet no mining no blockchain no nothing.

Soon enough we are going to trade things are you haven't even heard of it on the assumption somebody will come with the idea and create that coin.
We will have future trading far worse than what's going right now on Dow and sp500.

And don't expect anyone to take some stance against it.
Every trade brings money into the exchange and right now this is all that matters, money and more money no matter what.

[franky1]

no, this just means bitfinex is making more money now that it has two additional "fake" markets for tokens that do not exist in the real world.

you can not trust the price either because the tokens do not exist in the real world! for example there is no BT2 tokens to sell so there is no sell pressure that would have been in reality if the tokens were real.

Sorry, hope to understand, what do you mean the tokens does not exist? It is already being traded for fiat and BTC, same as BTC... does BTC exist anywhere? Both BT1 and BT2 are the same as BTC... am I missing something?

you cannot withdraw BT2 to a wallet. so its not a real crypto.. its just a database entry on bitfinex's website. hence its a fake token as the other person said.

probably find some (no2x) propagandists were handed millions of fake bt2 tokens by bitfinex and they are just selling them to cause fake results.

the 'market' these days is meaningless.. even the market cap is pumped. if you look at some of the volumes of orders, you can see that there have been times that the price can move by spending less than $100..
yes a market cap can move up or down by $16mill just by spending $100..

i think its worth you understanding the markets more

what people really need to look at to know if a REAL coin is successful or failure is to see what merchants and retail payment/shoppingcart services are accepting.. after all if you cant buy anything with a coin, its useless.

[limopc]

Now, BT1:BT2 is about 5000:870 usd

I believe this means the market has voted already for. BT1, ie. BTC

Am I right?

I’m just glad it’s over as I expected.