'Zclassic' and the upcoming 'Bitcoin Private' fork - What is important for you?

in #cryptocurrency6 years ago (edited)

Id like to give you a little overview in general and point out some of the most important things you should consider in the next month whether you are a Zclassic (ZCL) investor or not. This is no investment advice.

First of all its a well known fact that bitcoin has its deficits when it comes to privacy. 

The IRS for example uses tracking software to keep an eye on bitcoin transactions since 2015. (https://www.coindesk.com/irs-using-bitcoin-tracking-software-since-2015/)

Countries like Korea try to tax bitcoin use and regulate its markets.(https://news.bitcoin.com/south-korea-tax-bitcoin-use/)

All this thoughts and issues caused huge gains among the privacy oriented coins within the crypto atmosphere. We all saw the rise of Verge for example in late 2017. 

In the next month some unique is about to happen. Unlike previous forks of Bitcoin like Bitcoin Cash (BCH) or Bitcoin Gold (BTG) you will see the first fork that solves the privacy problem so many people care about. Faster transactions and lower fees will also be part of the innovative tech this coin will offer.

You can do your own research on the official site (https://btcprivate.org)

Now the most important facts considering the fork. This time not only the holders of Bitcoin will benefit and get one BTCP for every BTC in their wallet, No! If you hold Zclassic (ZCL) you will also get one BTCP for every ZCL in your wallet. Big exchanges like Bittrex might even support this fork what means you only have to get some of the ZCL that is now traded around 150$ each to get your free BTCP. This is huge if you put into perspective that the current price of bitcoin is over 10.000,00$. 

Here is the official 'Prefork Roadmap'

Once the date of the fork is announced it is very possible that the prize of ZCL will reach new hights and even pass 1k $. Dont panic when that happens. After the date is out devs will also tell whether exchanges support the fork or not. Nevertheless if you already hold some Zclassic you should hold them in the electrum wallet that gets released soon. This way you will get your BTCP 100% certain.

Sort:  

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BCHBitcoin Cash2076.250$17.42%-23.77%
BTCBitcoin12909.600$12.83%-10.48%
BTGBitcoin Gold234.267$7.81%-27.49%
XVGVerge0.110$4.35%-28.81%
ZCLZClassic160.519$5.69%-24.28%

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