One apparent reason can be many people dumped in early days their free coins which which they got form hard fork and large part of supply may have reached in whales possessions. That's why they can move the market the way they want. It really surprised everyone suddenly Bitcoin Private woke up and came into news and discussions.
No am not surprised by the sudden rise in price, this is what Rhett does. When it was all about whale coin, it was been touted as the coin that was going to fuel this huge decentralized social network site. A lot of ppl bought into the bullshit and soon as he saw that bitcoin forks were garnering a lot of interest in the news, and everyone was talking about privacy (even Bs coins like deep onion was killing it due to great marketing), he abandoned his post at whalecoin, bought a bunch of zclassic for ridiculously low price, and announced a fork of zclassic. Which we all know he didn't have to fork zclassic to make bitcoin private a reality, there were countless option he would have utilized if he had the interest of the community in mind.
But been the shady fucker he is, he intentionally named it bitcoin private cos he knew there was alot of newbs on the scene and they will automatically anticipate that it might attain the same success that bitcoincash had. (After all, it had the name bitcoin in it and it a fork of a coin that sounds like zcash and everyone is talking about zcash) Coupled with his shill army, this drove the price of zclassic up to a point ( comparable to other major bitcoin forks/zcash price) where he comfortable sold and easily made over 9000% percent gain on his investment, and that , not counting the BTCP he also received from the fork. The individuals that bought zlassic ATH received a coin that was worth less than 1/16th what they paid for Zclassic ATH) then he left zclassic and headed over here to repeat the same thing.
so anyone who has been following his progression knew a pump of BTCP was inevitable, my only advise to a new investor perusing thru this thread is to make your money fast. this is not a guy you depend on and hold for the long term cos soon as something else piques the market's interest, he will abandon this and go fork that. He even admit it that he loves to fork several coin and it's good for the ecosystem, whatever that means. It's all good if he stays on top of each one rather than fork, milk, abandon and moves to the next stag.
Thank you for sharing your insight with all of the ignorant people who will show up to this thread to be robbed like ZCL. It is truly sad and pathetic that the other responses to this post were just negative and rude comments towards somebody with obviously good intention of protecting the interests of new arrivals (humans/investors not greed demons).
To be honest, I have only been following this story since I watched ZCL pump like something the "creator" (forker) probably attached to his own phallus and used to (attempt to) increase his size. Ah overcompensation. A bad joke and a greed that will never be sated, that is what we are looking at when viewing BTCP.
As a software developer and a student of all (interesting) things crypto, I must say that the first IDIOT move of this fork was to fork ZCL..ZCL was broken, as was ZCASH when it was released (the version that ZCL forked). there was a problem with merging joinsplits on the Z addresses that was/is losing peoples coins:
https://github.com/zcash/zcash/issues/3114search "zcash joinsplit bug git"
Anyway, I thought they (zcash) fixed that (BY NOW!!!) but the issue is still open as anyone can see. Public info.. Zcash has problems and as such it should have never been released in its current state. Should have been fixed first. But the greedy devs got rich by idiots. I was one of them (an idiot for investing in zcash). When I found out Zero had the same bug (that is where I discovered it when I LOST my zero locked on a Z address. thank god it was 15 zero not 15 ZEC but it would have made no difference to the code what the coin value was. read this as, if it had been Zcash it would have been lost just the same. Why? Nobody knows, apparently but the code keeps getting perpetuated and people keep losing money.
BTCP is a broken
fork,
the problem will NEVER be fixed. If Zcash hasn't even fixed it then Zcash forks are DOOMED unless somebody BETTER than zcash steps up and actually FIXES the problem not just clones to infinity.
That is not even to mention the social problem of this coin and the forkers (who have NO INTENTION of improving or developing a coin) are like a cancer to the whole scene. But thats to be expected. Follow the money, follow the greed, rise up to get exploited and vote for BTCP!
Just some very bad sarcasm to example how stupid people are.
Do you research before investing or simply be prepared to lose all of of your money.Qualifier, since you are a software developer and a student, how come you don't offer yourself to fix it? Will learn valuable experience and get paid much higher when you get out of school.
