Thanks for a good and detailed post, upvoted!
But why are so confident about price dump after fork? In August I thought that way when BTC pumped before Bitcoin Cash fork. I've stared shorting the next day after the fork but as you may guess I lost money :)
ZClassic is better than ZChash, so has chances to bypass it in and make x4-x5, with Bitcoin Private fork it may do much more.
I'm not а professional trader/investor and I draw conclusions based on my short experience. Maybe I'm missing something? If so can you, please, explain?
This is the typical buy the rumours sell the news, in the fork is always the same. big dump after the snapshot because a big % of the people just want the free coins and traders only follow the hype news events to get more bitcoin. Bitcoin Cash was a different case, basically was the first fork in crypto that gave free coins and got alot of attention and bitcoin price dumped because people was with FUD because they didnt understand what a fork was, bitcoin gold was the exact opposite.
Thanks for the comment.
Do you think BTCP may be just an attempt to create a FOMO?
For me is just one more money grabber