The future of Bitcoin Hard Fork tradable on Bitfinex : BT1 and BT2
Hey Guys,
Today I will talk about the future of Bitcoin and SegWit2x tradable on Bitfinex.
Image : BTCManager
They made an announcement 2 days ago regarding their system they launched march 2017 : Chain Split Token.
This way, people can "vote" and "predict" the future of a coin (in a way of trading manner). And here, we are talking about Bitcoin.
Have a look to this announcement and then I will show you how it looks like on Bitfinex.
On Bitfinex, the trades just started so there is not a crazy amount of volume but we can start to understand the beginning of the split during SegWit2x hard fork (I'm not talking about Bitcoin Gold).
Bitfinex split BTC in 2 : BT1 and BT2
BT1 is the Incumbent Bitcoin Blockchain and BT2 represents Bitcoin SegWit2x.
Let's have a look together what's going on :
Here the chart for BT1 :
Here the chart for BT2 :
At the time of the post :
1 x BTC = 4370 $
1 x BT1 = 3239$
1 x BT2 = 1272$
According to these results, we can say that :
BT1 represent 74% of BTC and BT2 represents 29% of BTC.
Because the price is tradable, you don't get a clean 100% though.
But as mentioned in my previous article, I think the trade will change in favour of SegWit2x.
My post about SegWit2x here : https://steemit.com/cryptocurrency/@jlcrypto/update-bitcoin-how-segwit2x-intention-increased-a-lot-in-couple-of-days
It has just started and not everybody are trading on Bitfinex so I don't think it does show what is really going on in the Bitcoin Community.
But it is a great tool that Bitfinex provide to kinda get in "control" of the future of Bitcoin.
Will see how things will change in the next couple of week.
Let me know your thoughts and prediction for this hard fork.
Joris
Cool! Curious to see how these split tokens trade in the coming days... I actually think it's going to be BT1 that ends up dominating. But it's not much more than a feeling, so who knows!
For now it looks life BT1 will win but .. I think we will see a reverse haha =D
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Thank you @royrodgers
Great post thanks!
Thanks for reading
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I think the trade will change in favour of SegWit2x.
basically, no one will buy bt1 given the current price.
Yeah will see =)