Hey so there is a huge unclaimed portion of the supply... which tells the devs either many BTC holders havn't heard of the fork yet, and maybe some ZCL holders are oblivious.
KuCoin delivered BTC holders their BTCP... allowing selling.. and a small closed internal market opened up and you can see what price it was selling for:
https://www.kucoin.com/#/trade.pro/BTCP-BTC still.
Bittrex delivered all ZCL holders their BTCP... they put a lot of work into freezing the market to take the snapshot, implementing code for the unique fork/situation + remove trading and reset the order books post snapshot so nobody would get caught in the fall...
SO as soon as ZCL came live after the snapshot.. meaning people effectively got what they were buying ZCL for at a premium ... ZCL promptly dove because people only put in buy orders at a price they were willing to buy ZCL for... nobody even dumped ZCL down as much as people just didn't want to buy it post BTCP fork because BTCP was the value of ZCL that took it from 5 bucks upto the peak of 260.
As soon as the fork was announced it sky rocketed.
What i'm saying here is what we all know because we follow crypto-space, and we followed ZCL.... which means... we don't understand the other kind of investor who is used to the stockmarket where trends take a decade to properly unfold and shift and change. People bought BTC Years ago and you bump into there here and there and stories of how they just decided to check on their BTC because they saw it on the news...
Just because we are traders and understand how fast this market is moving.. don't assume the majority of BTC hoarders are like that... it takes some time for word to spread about BTCP being available to anyone who has BTC at block: 51134 (ZCL at: 272991)... and at the moment that is the MOST important thing... that people claim their BTCP!! So that Coin Market Cap can reflect the true circulating supply.. which is MUCH lower than the millions ... combined ZCL+BTC supply at time of fork blocks.
It has to be front and center on the site, because websites are generally for plebs.. why do we need the website? We have the forums, the discord and we are savvy and know how to internet. Alot of people holding BTC actually go through a broker they are that clueless to how open the market is to trade. As easy as setting up an e-mail account and scanning in your identity documents to be verified for high volume traders.
And... it needs to stay this way... the website needs to be there to help people understand that are slowly hearing about BTCP (who weren't following ZCL)... so claiming their BTCP isn't hidden or difficult to get validation on the news they hear. It really doesn't matter to the community/us that the site specifies the fork has happened... read the whitepaper.
A huge amount of BTC raised has been spent on Exchanges... but it has become a nightmare getting the established mains to list a coin. Because it is a threat to mains that have a strong relationship with them.
Which is purely speculation because until Exchanges honor their agreement to list, or that you pay a fee and you can list... we can only really assume the worst about crypto-space atm. It seems to be becoming very 'in-crowd' and as mentioned before... we just want exchanges to operate as good as the tech (blockchain)... Nanex atm does do that very well... it is so freaking fast.. before I thought I even clicked send.. my stuff showed up in receiving wallet to be confirmed. Sure it could slow a bit when volume ramps up... but the dev is often in BTCP discord:
https://discord.gg/XqFpk4n and he's pretty confident it is just a matter of "plugging in another server" when the demand calls for it.
As mentioned... trends in USA200 or ASX500, these things... they take decades to swing bear or bull.... but here we are in crypto space... where in a couple of months we will be exiting out of this bear market phase... it is such an exciting market to be in before all the plebs arrive... BTCP is easy to use, and easy to understand and that is the way the devs seem to like it and want to keep it. Putting on the site... what is relevant.. is what they are going to do... they don't need to sell themselves at this point.. the coin is so cheap for what it is ... we just need high volume exchanges to accept us as much as the community does.
One main issue I should mention about timing of BTCP.... was other BTC forks around this time... used a compromised network that actually broadcast everyones BTC Private keys publicly... so every one became hyper wary of bitcoin forks... a few have been confirmed scams... so it is no wonder people are in doubt here too not seeing the price reflect their understanding of what the coin is. But doubts in no way are proof.
BTCP is.... the best of ZCL and the BTC people love -- together... and it is going to stay that way... and people will discover it in time.. I personally don't care if people claim or not (because as a hodl... I'd rather a lower true supply) ... but many Exchanges likely will claim BTCP in the background and it is upto the community to know what is going on in crypto-space.. and demand they get their BTCP.
Devs and Mods are often answering questions in discord... if you aren't finding what you want here... then just come join and observe. But don't come in and "dear mr dev, when moon? please why no moon? scam? when lambo promised?" or... ask the same questions over and over about exchanges... do some research it has all been answered many times now.
HODL Stronk anyone who likes BTCP and is in doubt. People who don't know/like the tech and bought ZCL-Hype... you need to get smart and learn how to trade situations not as a consumer "I want".. but as a trader. You could have figured out we were in a steep bear market... with no sign of uncertainty easing... and seen how much % ZCL rose from the ann of btcp-fork.... and known it was probably better to sell the hype... and buy BTCP after with your profits. I know I learned that lesson.. that the market is more complex at times than my wants.
When you swim with the krill you will get whaled in this ocean of shitcoins and forks with diminishing cake. We need more capital in crypto space to feed all the coins... BTCP is a threat to established listed moguls atm... because as mentioned capital is limited in cryptospace. But money is out there... this is nothing yet... Apple has dodged 56.2 billion in tax (search yourself that is a tiny bit of it)... and they are only starting to get taxed now... even Ireland where they are hiding out is grabbing at it. Crypto-space has far more going on.. than Apple ever did.. which is unfair to say because it is one company and Crypto-space is the new market of innovation.. leading to AI. The multi-trillion dollar industries are all represented here.. and it is a developing market... you need to see you're getting in early..
I personally think crypto-space this year and onward.. will increasingly start ignoring these "we will be currency" coins.. claiming they will replace fiat... because there are hundreds of those... and that just isn't logical... there only being one. Diversity is the power of crypto we are all in it for different reasons which is why it is as strong as fiat. If you have 20 bucks in hand you don't drop it on the ground... because it represents something you personally want to have or do. People are in crypto for as many reasons are there are applications in the past and present. From ALT energy networks ran by people and thus supported by government .. like POWR... or some just released examples... RentBerry... for the rental industry and Shipchain for shipping logistics.. these are just nascent things... yet to be discovered by the world... and ever able to adapt and innovate new applications for themselves within their industry. It is just the dawn of crypto.. and money will go where the work/jobs/innovations are.. and at the moment crypto-space is starting to rival the economy for complexity and myriad of job opportunities. From setting up mining operations, to starting a 3D mapping company and Virtual Reality unity ran by blockchain. It is too numerous to coin and mention everything happening here.
But at the core... if people are to get into this space and protect their financial security into an uncertain future. They need a solid network and privacy. Even just for the day to day. BTCP fills its niche -- sure there are competitors... but nobody should be mortgaging their kids and selling off kidneys just yet for any 1 coin. Diversifying is our choice and ability.. why not use it? All competition crypto-space wide... is healthy competition... contrary to what stocko investors thing about it. There isn't going to be one music coin in the future... there are so many differing people.. people will find the kind of privacy and the kind of audio coin that suits their tastes. And they can shift and switch anytime they please.
All this is about... is high density of coins on limited exchanges... more exchanges is thinner spread of available coins. Then when someone wants to buy... up big.. it really moves the market and others follow and it exposes what price they are willing to place.. it is the true commodities market in a sense. Because on the actual commodities markets... and CFDs you aren't buying the actual thing... just a artificial representation of its present artificial circumstances, presumed and actively in peoples minds. Buying into Gold doesn't mean you have any... or are securely holding any... and if even just Germany tried to take their Gold out of USA reserve... I highly doubt it would even be there. Point being you can buy up as much as you want in those markets and because the supply is artificial unlike crypto... the "exchange" equivalent you buy from can just sell you as much as you have money for... and the overall price barely budges...here in cryptoland someone can drop 1btc or 2 on certain exchanges and that will have an impact on the short term price.. this is a live and exciting market. You have to know your risks and hold your ideas of what coins are valuable to you for what reasons close and up to date... we are our own brokers.. gotta stay informed at all times.
In crypto.. your currency is irrefutably yours... and sure what it represents can change ... like if development stops. Development is just starting though for some coins and they are in it for the long haul.
I believe personally that... buying any coin that will stick around for a few years is buying a winner. Those who give up will lose this one. Adaptation is a human condition that rivals the depression.
EDIT: oh if you read this far... and noticed my 'this market will increasingly avoid we will replace currency coins.. whose entire value is hype' thing... it will swing more and more to use based and industry backed crypto that represents tangible things... like xmo and zcl atm.. are obsolete.. not to say they couldn't come to life... they only have speculative value until some info gives a use case... the more the market shifts to buying what has purpose and will start a boom for an active group of devs and industrialists... the less those tokens/coins will be tied to the whims of BTC price or the Fiat in turn. they will hold their own intrinsic value more and perception value will stay true.
