Hello Steemit Community!
This past days were good for the whole market, the market going sideways with some gains each day but there is a crypto that the past days got a big pump, more than the general. The coin is Zclassic, a fork of the popular Zcash, why this pump?
The answer? .... free coins. The new Bitcoin Private fork, that is combining Bitcoin and Zclassic.
When is the hard fork?
Snapshot date: February 28th, 2018.
Fork Date & Main Net Launch: Approximately 2 days later.
How do I receive BTCP?
When the hard fork occurs, a snapshot of all existing ZCL and BTC holdings will occur. Anyone holding ZCL or BTC in a wallet or supported exchange will be credited Bitcoin Private (BTCP) at a 1:1 ratio. For example, if you hold 15.4 ZCL and 0.1 BTC, you will receive 15.5 BTCP.
How to play this fork?
Smart money are not buying the coin because of the free coins, they are buying because dumb money is going to buy to get the free coins. After the snapshot expect a big dump, so my suggestion is to sell before the snapshot, maybe 1 or 2 days before to be safe.
This is for short term and kinda high risk because the price allready pumped alot.
I expect a dump after the snapshot for the minimum the red zone but i think it can dump alot more. We dont know what the price of Bitcoin Private is going to be but depending what was your buy price the free coins can't be worth for the potential dump of Zclassic price and holding bags of this coin.
You are playing this fork game?
Follow me on Twitter @johnycrypto
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