Topic: The highest risk/reward play this week - ZCL and BTCP (Read 232 times)

lets not throw it that way ----

many experts (so they say -- lol )       took same route of grabbing zcl and grabbing a bunch of coins -- in hope of any situation even loosely and as messy as bitcoin cash that has not only survived but will continue to prosper --


we are not behind the desk making the decisions -- so a few times we take chances just in case this may be the one chance --

it has worked for me in other situations -- but maybe i have been lucky ?
but I've never lost money on a fork decision -- I've broken even -- or maybe if i sold immediately -- but with time and patience all have paid off well and leaving me holding actually MORE BITCOIN EVERY TIME -- since i have always had the pleasure of buying back my bitcoin for a much less cost factor than when i sold for the fork !   so i got more fore my fiat so to speak 

am i happy about this particular fork and the outcome -- of course not --

yet I will guarantee the combination of both coins together will make up for the current price -- ill be happy even if it just breaks even --- since again -- today I was able too buy back the bitcoin at $9723 as opposed to the $11243 i sold for --

so even a nasty messy -- poor planned fork -- still made out very nice in the end -- and that is b4 I wait and see what the new tokens may be worth in the future !

my best of luck to all !

hold if you can ---

NAMASTE

I dont think you can make any profit from zcl now just because there is hard fork it does not mean the coin can goes up. Especially when the coin already goes too high above the real value also crypto market is on stagnan phase not like last year. My advice is too stay away from any pump and dump coin.

The only thing BTCP proves is how many people in crypto are retarded. If you didn't know that zcl was only bought up for BTCP than you shouldn't be in the crypto market.

learned my lesson
yet again !!!



online worthwhile fork is bitcoin cash -- only because i use to buy my mining farm ..

this time final lesson learned

ZCL suffered a lot of investors. The important thing is to take lessons from mistakes.

As already said to buy into ZCL right before the fork was a bad idea. It dumped hard as expected. I hope you all learned your lesson.

Cryptonia will support this fork?

They will give 1 BTCP for each ZCL? And for each BTC?

Thanks

200$ btcp

20$ zcl

I'm sure BCP will be more like BitCoin Cash than any BTC fork that came after it.
I was mining to the donation pool for 3 weeks and I discovered today I don't have the private key for that specific wallet. Fail 

Big dump is waiting for ZCL. Bittrex doesnt support ZCL fork until now !! BTCP will be listed an bad exchange ; Hitbtc.. That means ZCL will be around $20 or less in 2 days. it has already dumped and this will continue. BTCP is not something unique , there is Zcash better than BTCP. Maybe after few months btcp will be forked to than price will be pumped as ZCL but dont wait more ..

Same tactics here, I bought a small amount ZCL in the dip to see what BTCP will do. I'm pretty confident the price of BTCP will be more than what I paid for ZCL. You never know, but stay positive y'all!

No doubt this fork has been the hottest topic at the moment in the crypto community, zcl will keep booming due to this and nevertheless btcp is also not a bad product, i assume it will grow big as well.

HitBTC has announced they will list BTCP after the fork. Currently they do not list ZCL, so therefore you will not be able to hold your ZCL there during the snapshot.

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I think the BTCP fork will be the sell the news thing, I don't see what will drive the price up after the fork has taken place, I just have a feeling one will be able to pick up some BTCP tokens on the exchange at a good price than the current ZCL price, I don't need to jump the FOMO unless one of the big exchanges announce they are going to list it after the fork

I am taking it as a fork on BTC

From my understanding ZCL Devs will switch to BTCP post fork. So, it should mark ZCL value very low at some point.

ZCL had a huge drop after Zencash fork so it may do the same after BTCP fork. Over longer term, the value of
 both coins is going to be higher anyway.

I think most of the pre fork gains already happened.

I would recommend not to buy into ZCL because of the fork. Very high risk in my opinion.

I am very curious how much you will appreciate ZClassic coin next week. in fact it has risen to a very high level in the last 45 days. Like the nxt bifurcation, the 28th is a possibility and frightening.

i wouldn't put it like that.
BTCP is a new coin that is doing an airdrop to both bitcoin and ZCL holders as far as i know. it is called "bitcoin" private after all

that is only true if you assume ZCL is going to 0. but if for example it drops from $200 to $150 then BTCP has to only be worth $50+1 so that you get profit.

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i liked the strategy though. i may even do it with a small amount. so thanks.

For those unaware, ZCL is forking into BTCP on the 28th. ZCL holders get 1 BTCP for every ZCL they own. ZCL will dump incredibly hard post fork, so your profit is pretty much dependent on Bitcoin Private's opening price. If ZCL is $200 at time of fork, it means BTCP needs to open around $200 for you to break even. Technically no one knows what BTCP will open at, but going by previous trends, $300 seems like a low baseline, with $500 being reasonable as well.

Here's why this is a crazy play this week and why I'm personally pretty much all-in. Right now, ZCL is about $130, namely because Binance/Bittrex have not announced they are supporting the fork yet (which is not uncommon, Bittrex has waited as low as 2 days before to announce).

IF Bittrex announces support on the fork tomorrow, ZCL will easily moon 50% if not more. If they don't, you can either get out of the coin ASAP and maybe lose 10-20% or hold through the fork and take your bets on BTCP (which is what I'll be doing). You risk a relatively low amount of loss for a gigantic gain solely based on if they announce it or not.

With the market the way it is, this just seems like the correct play to me. The reward outweighs the risk so much. All it takes is one tweet that everyone expects to come (Bittrex not supporting it would be incredibly surprising).