Quote from: joseafonso123az on October 29, 2017, 09:51:57 AM

Quote from: Pursuer on October 29, 2017, 09:47:03 AM

Quote from: limopc on October 29, 2017, 09:11:26 AM

Quote from: Pursuer on October 29, 2017, 08:58:37 AM

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.