BITCOIN PRIVATE FORK
Hello Steemians!
For those of you that don't know, on February 28th, there will be two coins forking to form Bitcoin Private (BTCP). Here's the catch.... If you own one bitcoin, you get 1:1 BTC/BTCP. Also, if you own ZClassic, you get 1:1 ZCL/BTCP. The difference is that Bitcoin is currently worth 10,800$ and I have watched ZClassic climb from 160$ to 191$ in just a couple of days. ZClassic is expected to continue consolidation until the fork.
Bitcoin private is a currency token that utilizes the lightning network, the z-k snarks privacy feature of ZClassic, a 2MB block size, which basically makes it better than any other Bitcoin derivative. Consider this... when new people enter the crypto space, and want to get involved in privacy coins, which one do you think they will choose? Monero, ZCash, Dash, or Bitcoin Private? I have always seen the value in trademarks, and Bitcoin is the Coca-Cola of Cryptocurrency sodas. Does anybody have any thoughts on this? Let's just say I've been waiting for this fork for a long time now, and am happy to see vertical movement in ZClassic price. When BTC was at an all time high, ZClassic was a little over 200$. It has almost caught up to that ATH with Bitcoin close to 40% less than it was. I dont think its out of the question for ZCL to hit $400-500 before the upcoming Bitcoin Private split. Half the community seems to think the value will eclipse 500$, and the other half thinks it will be around 250-400$. Either way, it seems like ZClassic is a good investment. I wonder what Bitcoin Private will begin trading at, and if it will undergo a crash out the gate before it begins consolidating again (like almost every coin does when first introduced).
Ethereum Classic and the Callisto fork on March 8th is almost an identical scenario as coins that are forking seem to gain the most momentum in a short period of time, a great example being NXT and IGNIS.
These coins have seen tremendous gains in the last 48 hours (20%+). Considering their market capitalizations, that means there has been millions in volume. Both look super bullish right now.
:)
Peace, love, and crypto
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