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/biz/ - Business & Finance

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5745594 No.5745594 [Reply] [Original]

At the end of January, ZCL and Bitcoin will hard-fork to give birth to Bitcoin Private.

ZClassic is a futures market for Bitcoin Private.

After the double HF, 1 ZCL will get you 1 BTCP and 1 BTC will get you 1 BTCP.

I have checked the Github, forums, and development team. They are legit.

If you look at the market, it has seen some price action (from 11k sats to ~7/800k sats now) with a very healthy stabilization phase. More interestingly, if you look at the order book for the past few days, people are clearly accumulating. In fact the ask side of the book is drying up with only a few ten thousands coins available for sale.

Bitcoin Private is a Bitcoin hard-fork incorporating ZClassic. Its features are:

- zk-SNARKs technology (shielded transactions)
- low-fee transactions
- advantageous fee schedule to scoop up miners
- adjustable difficulty
- no founder rewards (unlike ZCash who allocates 20% of the monetary mass for its founders)
- no pre-mine obviously.

In addition to that, consider that:

- the project lead, Rhett Creighton (https://twitter.com/HeyRhett)), has two degrees from MIT, has been around for almost a decade, is an OG anarcho-capitalist, and has his reputation on the line.

- Bitcoin Private offers a risk-free hedge for Bitcoin whales. Privacy (and tax evasion) is a big issue for capital-rich folks in Bitcoin. Some folks have so much BTC that they cannot move their capital into privacy-centric projects at a decent pace without leveling the whole market. Bitcoin Private allows them to do that without any friction.

- The team behind the project is trying to deliver actual value to end-users. The best way to quantify that is to look at the dev logs.

- Historically, we have seen Bitcoin hard-forks with no substance at all be priced ~3/400$. My price analysis will factor this fact and assume that the BTCP hard-fork tries to deliver real value for end-users (not just cleverly engineer scarcity).

>> No.5745623
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5745623

>>5745594


In my opinion, here is how the next few weeks will go down:

- At the moment, ZCL is around 700k sats ($100)

- ZCL will move to 3/4M sats ($500) then stabilize at that price point once the precise date for HF is announced and as media picks up interest

- right before fork we will see it spike to 7/8 perhaps 10M sats ($1000)

- right after fork it will dip and bottom at previous floor: 3/4 perhaps 5M sats

- features that are already in development will be announced and pushed around a week after the hard-fork, I think we will see it quickly rise back to 10M sats, perhaps even higher (>$1000)

>> No.5746022

biz hate money man, this is like the most obvious moon mission ever.

>> No.5746115

>>5746022
yeah go pay $100 each for the same coin I get for free for holding btc

fucking brainlets

>> No.5746172

>>5745594
>tfw bought 100k of something called BCPT by accident thinking it was bitcoin private
>made +24% off of it before realizing
lmao this fucking game

>> No.5746258

I remember when RaiBlocks was $10 and I thought “nah I’ll wait”

Not making that mistake again

>> No.5746336

>>5745594
>ZCL and Bitcoin will hard-fork
wat? So if you're holding both BTC and ZCL you get Bitcoin Private from both?

>> No.5746343
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5746343

>>5746115
sup peter

>> No.5746350

>>5746336
Yes. It's a double HF, a spork!

>> No.5746374
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5746374

>>5746115

>> No.5746473

I'm really torn guys. I'm all into rlc atm because 2 partnerships and 2 exchanges are coming this month so I really don't want to sell. But there is so much more risk/reward in this I dunno what to do.

>> No.5746483

>>5746115
is this sarcastic or you are actually retarded? biz nowsaday I cant tell.

>> No.5746594
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5746594

>>5746115

>> No.5746730

thanks op,
actually a win op bizz lol
bought 2

>> No.5747080

>>5746594
true

>> No.5747166

in for 200 of ZCL

anything less than a 10x from here on will be a disappointment

it honestly feels wrong making money this easily

>> No.5747225

>>5745594
if this goes to 10M sat, I and a lot of my friend will retire, not even counting BTCP lol. Pretty much all in. Your analysis is on point OP, but I think ZCL will need to test 300 first.

>> No.5748192

engine starting. Only 100btc total for sale lol.

>> No.5748376

>>5748192
i think you'll see some of those coins moved to cryptopia because the FOMO is better there

>> No.5749332

moon missiod gearing for take off

>> No.5749756

Which one will people be selling right after the fork?

>> No.5749955

If this goes to $1k I'm finding the shill post that got me to buy at $30 and giving that man a present.

>> No.5749965

>>5749756
>>5749756
selling ZCL after snapshot and buying or FOMOing BTCP if it dips or rises

will pick ZCL up after it reaches 25k sats

>> No.5749989

>>5749955
was prob me and 3 other guys

>> No.5750249

>>5749955
Do people sincerely believe this would go 1k purely for the hard fork?

>> No.5750280

>>5750249

No clue. Just trying to hype it maybe? I think $300 is realistic.

>> No.5750416

I could so a spike to $4700 and a bottom before btcp @ $>>5750249
2100

>> No.5750428

I missed a lot of moon missions for this. Everything has been mooning recently and all the coins I were looking at doubled at least. This better be worth it.

>> No.5750508

>>5750428

Same. Sold all my XLM and NEO for this.

>> No.5750889

I have been buying this aroud 650 k sats and selling at 850 k repeatedly for days, when should I stop risking doing this and hodl for the real moon mission.

I wont lie these repeated gains are enticing. Its hard to know when its getting CLOSE.

>> No.5750949
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5750949

Im a poorfag i only have 2k in crypto and i put everything on this

I just wish i could stay sell the Zclassic at high value right after the fork, but it is going to be so difficult..

>> No.5750980

>>5750889
I was doing the same for NEO, buy and sell at 0.0037 and 0.0049 for weeks, than it suddenly left me for real to 0.0062 after i sold at 0.0052. Overall profit kinda the same if I just leave it there and no swing. We never know. For ZCL i think the ship will leave pretty soon so you can swing trade but prepare to buy back at a higher price at any moment.

>> No.5751013

>>5750980
Cool, thanks friend. I appreciate the advice.

>> No.5751237

I really appreciate posts like this, hope you aren't fucking me in the ass, bro. Having a hard time as it is.

>> No.5751352

once exchanges announce btcp support we'll be on mars

>> No.5751375

>>5751237
Google rhett craighton.


He is a scammer who has jumped from zcoin to zcl to zencash and now whalecoin and btcp.


Look at whalecoins website and tell me he isnt a scammer. He has no claim to the btc name and is paying pajeets on upwork to fix his zcl+btc copy paste coin.

>> No.5751454

>>5751375
Once you get your insecurities dealt with you will see that most people see it as a good thing to have someone who has side projects and experience...

He has always been clear that it was an experiment

Rhett is a good guy

>> No.5751523

>>5751375
Says he went to MIT?

>> No.5751583

>>5751375

Because Zcoin is trash right? 500 mill market cap.

>> No.5751608

I want to believe, I don't need a 10x moon mission, a simple 2x would do just fine.

>> No.5751730

>>5751523
Yes, and? You think mit produces good people or psychopaths obsessed with shoving iot into your fucking toliet so they can count the flushes and sell it to google ads.


Look at what whalecoin actually is, it's a pump and dump coin for whales and their brainlet followers.


If you're buyin zcl (which is dead developmentwise) just to get btcp, you might as well support rhetts whalecoin too right?

I mean your buying btcp for the tech and team involved right? Your not investing because it's co-opting the btc name and is an airdrop scam, right?

>> No.5751764

>>5751375
you again, haha, salty that much? repeat like a parrot when zlc from 0.0015 to now.

>> No.5751768

>>5751583
If zcoin isn't trash why did rhett fork twice from it (zcl and zen)?

>> No.5751788
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5751788

>>5751730
The dev team is around 15 people

from the dev discord (just people online)

>> No.5751803

>>5751788
>t. Rhett

>> No.5751836
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5751836

>>5751803
nope

>> No.5751843
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5751843

ZCL isn't the only coin that is rebranding this month. You have maybe one week to accumulate before it catches on that a better platform, team, and partnerships will mean more than just a name change.

>> No.5751877

>>5751843
lol zencash is a retarded zcl fork.

>> No.5751879

60 zcl reporting in. Considering buying more...

>> No.5751969

>>5747166
>>5751879
proof

>> No.5752009

Smaller, but I have 11 zcl, gonna buy more later.

>> No.5752081
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5752081

>>5751877
Charles Hoskinson (Cardano) advises them. Teeka endorsed it. You have PHD's working with them on building all sorts of shit:
https://youtu.be/Hyh3h_yX-S0?t=36m4s
and they're very transparent about what they're doing:
https://trello.com/b/C0L7hGCV/development-roadmap

...and you brush it off as a retarded zcl fork as you put bet on yet another bitcoin fork. K..

>> No.5752170

>>5752081

Honestly, all the technical backing doesn't mean shit.

The same thing could've been said about ZCL when it was a shitcoin <10M Mktcap. You had Zooko, and Charlie Lee as Advisors, but it was still a shitcoin... No one paid attention to it until a week or two when Rhett posted the fork on the discord channel.

>> No.5752228

>>5752170
> was still a shitcoin
Still is a shitcoin with a new label on it.

>> No.5752319

>>5752228
Doesn't mean you can't make a fkton of money off of it. BTG is a shitcoin too and has 4B mktcap.

I can see that happening to BTCP, not ZenCash.

>> No.5752321
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5752321

>>5751969

I'm in for the ride.

>> No.5752381

>>5752319
I don't necessarily disagree with you, I just think it'd be wiser to diversify into both as they each are making major moves.

>> No.5752402
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5752402

>>5752321
Hi fellow lambo owner

>> No.5752493
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5752493

>>5752402
>>5752321
Just a future Corolla owner checking in.

>> No.5752558

>>5745594
I could buy 50 zcl right now
how well off would i be? And would the exchance instantly show btcp in wallets when fork?
Either i chuck into this or NEO
Whats your thoughts?

>> No.5752687

>>5752558
WELP cant anyway fucking bittrex wont allow sing up

>> No.5752743

>>5752687
Cryptopia.nz my dude

>> No.5752757

>>5752687

There is always Cryptopia. Kind of a shitty exchange but it works if you want in. NEO is a safer bet, this is riskier with a higher potential upside in a shorter time period. In my opinion.

>> No.5752832

>>5752687
Wait don't click that. It shows up as binance. Idk if they bought the domain something worse.
It's cryptopia.co.nz

>> No.5752941

It's taking so much will to not diversify out of this. MOON ALREADY YOU BITCH

>> No.5753094

>>5752941
this will payoff. The fomo for free $300 to $1000 coin, imagine that.

>> No.5753203

>>5753094
This better 10x because I would've tripled my money if I wasn't on this.

>> No.5753227

Got in at $25 sitting nice and comfy

>> No.5753232

>>5745594
Bought 6 ZCL with a sell order of 2*profit If I get justed I will rape you in the ass OP

>> No.5753885

Anyone know if Cryptopia will be supporting the fork? As in, are they going to give me BTCP for holding ZCL on their exchange?

>> No.5753923

>>5753885
not comfirmed yet, but you always have zcl wallet.

>> No.5754033
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5754033

>>5751843

This guy gets it, feeling comfy BEFORE the pump breaks out.

*Clink*

>> No.5754577

>>5751843
Is ZenCash gonna give me a free BTC fork? No? Fuck off then

>> No.5754625
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5754625

>>5746115
wow. this are people shilling Verge

>> No.5754686
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5754686

>>5751375
Stick your morality and flawed ideologies up your ass man. We are here to make cheddar

>> No.5755509

>>5745623
Holy shit, that carving is amazing. Is the zoomed in shot legit or shopped?

>> No.5755598

>>5755509
Pretty sure it's legit. Artists back then were really good at their craft..... not like the idiots that get churned out from schools with "arts degrees" these days.

>> No.5755710
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5755710

>>5755509
>>5755598

>Not knowing the abduction of persephone

>Not knowing that ancient and Renaissance artists had technical and architectural skill far exceeding anything the modern world can produce.

Brainlets.

>> No.5755817

>>5755509
It is legit

>> No.5755946

>>5745594

Is this a BCash type of fork or a super bitcoin type of fork?

>> No.5756030

>>5749955
That could have been me, I bought at 27.75 and started shilling here

>> No.5756063

>>5750889
Did the same with VEN, then I saw it stable over 10k for hours before it shot up to 16-17

>> No.5756177

>>5755946
BCC type, it will be way more sought after than BTG

>> No.5756184

>>5745594
what wallet should i keep them in? bittrex?

>> No.5756338

>>5756177

Ok so how does this work exactly? How come both holders of ZCL and BTC get a 1:1 rato of BTCP? What is the max supply of BTCP going to be? What algo?

>> No.5756524

>>5755710
I know the latter but was unfamiliar with the former.

>> No.5756531

>>5756184
>bittrex
>wallet
Also none, fuck this fork.

>> No.5756626

>>5756531
you know what i mean which exchanges support the fork so should i put zcl in my bittrex's zcl wallet or should i get another wallet that supports the fork...fucking smartass

>> No.5756656

>>5756626
I speak without experience but people here have routinely said that Binance has reliably handled forks properly while Bittrex has been very iffy.

>> No.5756873

>>5756626
It's not confirmed whether bittrex will support or not yet.
Still a few weeks till the fork, I'm sure they will support but if not there is plenty of time to move to external wallet.

>> No.5756979

>>5745594
Thanks for sharing this with us OP!

>> No.5757638
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5757638

Reminder that the team is now accepting volunteers for wallet testing. Join the official discord here and request either windows, mac or linux and you'll be given a role respectively.

https://discord.gg/JP4CZt

>> No.5758217

that 40 btc buy wall is real

>> No.5758525

>>5756979
Sometimes you actually find good stuff on /biz/

Thanks OP, you beautiful aryan mensch

>> No.5758587

>>5758217
he is flashing it, he want to push the price but is a scary cat.

>> No.5758634
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5758634

>>5758217
tfw rebought right before

>> No.5758687

lol again a 40 btc buy wall

>> No.5758864

is 74k sats a bit too high to buy in? seems like btc is recovering a bit, could see a nice zcl dip in the next 2 days

>> No.5758929

>>5745594


haha holy shit i know rhett creighton, he was such a weirdo

>> No.5759211

Binance just followed ZClassic on Twitter

>> No.5759235

>>5751523

i can confirm he went to MIT, he often hung out at senior house when i was there

>> No.5759360

>>5759235

he lived in a closet at one of the art schools in boston for a while, real character

>> No.5759370
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5759370

>>5759211
holy shit happening

>> No.5759387

>>5759211
ZClassic on Binance + BTCP fork support confirmed.

>> No.5759525

>>5759211
big if huge
but how do we know Binance "just" followed?

>> No.5759698
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5759698

>>5759525

>> No.5759749

>>5759387
How do you know? Any official news from binance?

>> No.5760431

>>5759698
big if true

>> No.5760540

>>5759749
He was referencing the "followed on twitter" meme

>> No.5760562

its amazing how you pajeets are confused between a fork and an airdrop of a shitcoin.

>> No.5760635

>>5760562
whats the difference?