Bitcoin Private-Success or Fail.

On the 28th of February Bitcoin Private was created through a snapshot of Bitcoin and Z Classic, at a 1:1 ratio on each blockchain.

There has been a lot of hype about this fork as it combines the privacy of Z classic and the public image of Bitcoin, which at first glance sounds like a brilliant idea especially as governments around the world are trying to identify the identities of Crypto traders and eventually tax them.

The concept has driven up a large following and could be the next great fork of Bitcoin such as Bitcoin cash was last year, a few things will have to occur if it is to follow that level of adoption. The coin will have to be listed on large exchanges where it is accessible to be traded, this might happen as there is a growing community following the vision and there could possibly be more coming with more regulation and tax being imposed on crypto enthusiasts.

I actually only bought Z classic to receive BTC private at the fork, as every one could predict Z classic got dumped once the snapshot occured. I lost quite about of my initial investment but am optimistic about making the difference and some profit from the price of BTC private, time will tell though.

I have done a bit of research into the traits of successful forks and there seems to be a huge pump 2 weeks after the coins are traded, this was seen with BTC Diamond, BTC Gold and BTC Cash and except for cash the other two coins are rubbish thus I think the potential for BTC private is massive. I will be watching this trend and trying to sell for maximum gains and then perhaps buying back again during the retracement and picking up more coins.

Let me know your thoughts on what occurred and what you predict could occur.