Update: the BTCP fork will probably be announced at the upcoming conference this Sunday.
How's it going steemians and fellow users of the internet!
In this post I'll talk about the fork that is about to happen this month, that could potentially mean some easy 5x gains!
The Bitcoin Private fork that was announced in December. In short, it's a new coin being brought to life that flows forth from Bitcoin and an altcoin. This is something that has happened before with, for example, Bitcoin Gold and Bitcoin Cash, but it has never happened with an altcoin before. So what does this mean, you might be wondering. Well, very good things.
The fork will happen anytime soon - exact date yet to be announced - and the new coin will be awarded to everyone who owns ZClassic and/or Bitcoin. This will happen in a 1:1 ratio meaning that if you have 1 BTC, you get 1 BTCP, same goes for ZClassic. The difference though - and this is where it gets really interesting - is that ZCL is way cheaper than BTC. So obviously what you want to do, is get as much ZCL as you can so you will be awarded the same amount BTCP for a lower price then if you would do it with bitcoin. And people know this so when the official fork date is released ZCL is just going to explode! This in combination with the low ZCL price due to the market dip and you are in for some nice and easy gains.
Now one thing to note is that after the fork, ZCL will probably dip really hard because of all the people who just bought it for BTCP will leave the ZCL market as soon as they get their new fork coins. So be aware of that, I suggest to just get out as well, take your profit and let ZCL take a dip without you.
More information on the coin: it's gonna address the one thing people really don't like about Bitcoin and that's privacy. People don't like it when all of their information is visible to the whole internet with every transaction they make. ZClassic doesn't show you all that information and is all about the privacy of the user. So basically the new coin, BTCP, will combine the best from Bitcoin and ZClassic into one new coin and people will like this coin so they are going to want to have some!
Source:
https://twitter.com/bitcoinprivate
Hope this post made you a little wiser on the situation and maybe in a couple weeks you'll be really grateful to have come across this post. If you want more information, it's all on their twitter (link above).
Quick disclaimer: I am by no means a financial advisor, I'm just informing.
Quick disclaimer 2: I am not native English so spelling and grammar could be little of here and there.
Have a good day & Trade SMART!
Lopa Signing out.
Excellent information and good way to gain coins!
the vincentb effect!
upvoted, commented and followed
sounds like a good plan, starting to buy ZCL price is going up
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