On a single exchange against different markets price starts from $60.82 and reaches at $67.05. It is best to wait for more exchanges to show some flexibility over the next few weeks to open trade and then can appear real value. In all this period no one can tells with surety where the price will be heading. It is all free money better hold instead of regretting later.
IT'S NOT FREE MONEY. Everyone who held Zclassic lost and now holds BTCP. It would be free money if Zclassic held its value but basically have a one for another. But I agree that holding is way better right now.
It's rumored that
there will be a burn of BTCP on coins not claimed and lingering in the blockchain. Is this true? If so, the value should climb and anyone who sells now would be out.
Why there is need to
burn coin? Why not giving away as POS to the community that trust in it??
How would that even be done on the protocol level? If someone doesn't use the private key in time to claim the BTCP they will be destroyed? I doubt that such a mechanism has been implemented into the BTCP protocol. Or did I miss an announcement?
The coin burn is just a proposed solution to a problem.
Anyway I don't see any problem with them burning unclaimed coins after a while.
From their Whitepaper
Section 2
After launch, there will be approximately 700,000 mineable Bitcoin Private. A starting block reward of 1.5625 Bitcoin Private has
been selected along with a halving every 210,000 blocks(~1 year).
However, if this
experiment proves unsuccessful, an alternative plan can be implemented, which
is outlined in Section 7.Section 7
As stated in Section 2, the low amount of mineable Bitcoin Private
remaining after the fork could cause some problems, including extremely low
network hash rate.
A possible solution is to offer the removal of coins that remain
unmoved from before the fork. If this implementation is chosen, approximately
0.14% of all unmoved Bitcoin Private coins from the fork would be removed daily
over the course of two years. In this scenario, Bitcoin Private coins would be
removed equally across all wallets: each wallet with unmoved Bitcoin Private will
lose ca. 0.14% of its coins per day for 2 years.
This methodology would free up a
significant portion of coins for miners while giving ample time for users to move
their forked coins. Furthermore, the low percentage of daily removal should
prevent any shock to the market cap occurring.
