Crypto Journal Log ((( Fork News :: Bitcoin Private 1:1 BTC :: 2.11.18:1.59p )))
...all below from article...
On February 28, a snapshot of the zclassic and bitcoin blockchains will be taken and holders of each cryptocurrency will be eligible for bitcoin private, distributed at a 1:1 ratio, once the BTCP mainnet launches a couple of days later. A total of 20 million coins will be created by combining the circulating supply of BTC and ZCL. When the fork was announced late last year, it caused the prize of zclassic to shoot up from around $4 on December 22 to its current price of around $97. For anyone interested in claiming their maximum allocation of bitcoin private, it makes sense to load up on zclassic given that even at $100 it is orders of magnitude cheaper than bitcoin. As the date of the hard fork looms closer, zclassic is likely to rise further still.
ZCL even jumped pass 200$ right before the bloodbath...
I think a similar thing is going to happen this month to LTC, because of the Litecoin Cash fork,
https://steemit.com/cryptocurrency/@ninjad/crypto-journal-log-market-watch-2-10-18-10-33a
..and we could see LTC breach $1k.
So I'm planning on having a good chunk of coin in LTC just before the rise that will happen prior to the 18th of February, to get 10:1 LCC, and then I'll move it all to BTC, and receive 1:1 BTCP on February 28th.
Good idea. You just gonna need to time everything during sells, i.e buy the LTC now while it hasn't recovered, and if many people buy it just for the fork they're probably gonna dump right after, so you better be fast.
Yes, exactly. Thanks.