Bitcoin Private: The Only Bitcoin Fork That Ever Mattered is About to Happen... And The Price Is Tanking

The much anticipated Bitcoin Private fork is about to happen. Bitcoin Private is a so called “spork,” or combination fork, of Bitcoin (BTC) and ZClassic (ZCL). Bitcoin Private (BTCP) aims to be private, decentralized, fast, open source, community driven and to [to have] a fair start. https://btcprivate.org/

ZClassic is a older privacy coin which is a fork of ZCash, but with no developer fee. ZClassic uses zk-snarks which allows users to send both visible and private transactions, where the sender and recipient are not identifiable on the public blockchain. This fork of Bitcoin and ZClassic put together the best aspects of both coins. Both zclassic and Bitcoin holders will get a 1:1 ratio of Bitcoin private to the BTC and/or ZCL they hold through the fork on February 28th. This fork has caused a massive run up in price on ZCL from being worth less than $2 in November, all the way up to around the $185. This massive price growth can be attributed to the fact that it is way cheaper to hold ZCL to get BTCP, than it is to buy BTC to get the forked coin. Zclassic has been on a roller coaster ride this whole time and has been fluctuating with great swings. At the time of writing, the price has reached a local low of $88.91. This most recent drop in price seems to be the market reacting to the coin not having much exchange support yet. I do not see this as a bad thing because I would rather see the coin get strong, natural, and exponential growth, rather than a lot of exchanges where people can dump their coins right away.

Developers, miners, investors, and holders of this coin are anticipating that Bitcoin Private will be a successful Fork of Bitcoin. Even I have been mining with my 1 GPU (NVIDIA GTX 1080) in the developer pool donating my ZCL to help the project. Many people who believe in the project think that it has much more potential than Bitcoin gold and many even believe it could become more valuable than Bitcoin cash. Only time will tell and we will have to wait until after the fork to really see. If you currently hold Bitcoin and want to get your fork coins make sure that you hold your Bitcoin in a wallet where you control the private keys. If you hold ZClassic make sure that you do not keep ZCL on Exchange. Hold your coin in the official Electrum wallet (link: https://github.com/BTCP-community/electrum-zcl/releases) so you can be safe and be sure that you will get your Bitcoin private after the fork. Bitcoin private is going to continue to be a GPU mineable coin like zclassic which is something that many are excited about as it helps decrease the centralization, a problem many people have with Bitcoin. With the fork date Just a few days away, hold on tight because it could be a wild ride. I don't know about you, but I have high hopes for this coin and really hope to see Bitcoin private in the top 3 coins one day.

Snapshot: First ZCL and BTC blocks found after 28th Feb @ 5:00pm UTC
Fork & mainnet launch: Approx 2 days later

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