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ZCL

ZCL: $160 Probable Before BTCP Fork (68% Increase) ZCL is currently sitting in the $90-$110 range, down from an all time high of $123 on 12/29/17. This is the first bitcoin fork that you can receive the forked coin (BTCP) for holding a coin (ZCL) other than Bitcoin. Investors will buy ZCL before the fork for two different reasons: to accumulate more BTCP (due to the large difference in price between BTC and ZCL despite the same 1:1 coin distribution ratio), and to take profit on the price increase that ZCL will see in the coming weeks (as we saw with NXT before the IGNIS airdrop). This analysis is going to rely much more on fundamentals than TA. The previous increases from less than $10 to $50, and from $50 to $120 happened solely due to news regarding the BTCP fork. Looking back at the NXT/IGNIS airdrop, I think most people would agree that external events caused the majority of price action, not investors acting on TA. NXT saw a rise from $0.06 to $2.00 prior to the airdrop, and then we saw a sharp decline from the peak of $2.00 to $1.00 just before the airdrop, and another sharp decline from $1.00 to the $0.50-$0.70 range immediately after the snapshot occurred at block 1,636,363. What I could see being different in this scenario is more support as the price reaches new all time highs because BTCP's supply (21MN) is significantly lower than the supply of IGNIS (1BN), making a much higher potential price after the fork as we saw with previous BTC forks. Additionally, as I mentioned, this is the first ever Bitcoin fork that will be distributed to holders of a currency other than Bitcoin. Due to the large disparity in price between BTC and ZCL, savvy investors who want to accumulate BTCP will move their funds from BTC to ZCL prior to the fork. Other events to look out for that will likely result in a ZCL price increase are exchanges announcing their support for the fork and updates from the dev team. For example, when Bittrex announced support for the NXT/IGNIS airdrop a week before the airdrop, we saw a short-term spike in NXT's price. Considering there is no official fork/snapshot date announced yet, I think it's safe to say that we are still in the early stages of the fork -- public awareness is still low. Now let's put this into perspective: people dumped NXT heavily after the IGNIS airdrop, and the price plummeted from $2.00 to $0.57. NXT currently has a market cap of around $575MN at a price of $0.57. If ZCL reaches just HALF of NXT's market cap AFTER it got dumped down to $0.57, the price of ZCL will be around $160. If ZCL reaches NXT's market cap at the PEAK of its pump to $2.00 (market cap of $2.1BN), ZCL will be $1,160. I encourage anyone to share their opinion on this. I think a lot of people are discouraged from buying right now because of how quickly this coin has grown since the beginning of December 2017, but it's important to remember how low the supply of this coin is (it's 121st by market cap right now at a price of $95).
Z
by drewpinkerton
13
Zclassic to break out anytimeYou have all seen charts around here telling you to wait for a breakout. I'm updating this trade because I have been following zclassic and bitcoin private very closely, and now I am more than convinced that a breakout is imminent. However, many factors are in play right now, and it wouldn't be very smart to buy immediately, because you can easily swing trade this and not lose BTC value, while BTC is going up. Chart wise : Everything is looking healthy, it's not correcting more so it means we hit a very solid support around 0.0062 sats. If you want to hold, this is a very good buy area. I love my chart indicators (I have circled them), indicating that it's oversold, so for a short trade, you can buy now and resell when these indicators have reversed positions. Fundamental analysis : You all know by now that each ZCL will give you 1 Bitcoin Private. NXT got to 2 billion dollar market cap with an airdrop for ignis . Bitcoin Private is on another level. Bitcoin Private is something people would actually want unlike NXT and Ignis. Why ? - Rhett Creyton is a very well known figure in the space - ZK snark technology has been extremely popular in the space : ZenCash, ZCash, ZCoin... - The team is being incredibly efficient and active : website / wallet to be released on january 8. I am also checking their github ( I am an engineer ), and they are working on a daily basis. Fork is definitely happening. Now the question is, why is this not moving at all, and dropping a bit ? Whales are accumulating ZCL and pushing out weak hands. Fork date has not been set, so it has not been confirmed officialy. Once fork date is announced, expect this to go to 500 easily, and if we want to factor NXT's market cap, a target of 1200 dollars for ZCL is not that far fetched. Good luck with your trade
ZLong
by Zebre_Trader
12
ZCLASSIC (ZCL/ USD) POTENTIAL PUMP COMING (1H CANDLES)**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.** HEY TRADERS, THERE'S BEEN A LOT OF BUZZ ON MY TWITTER FEED ABOUT THIS ZCL COIN SO I FIGURED WHAT THE HECK, I'LL SHARE MY THOUGHTS ON IT. I DON'T KNOW THE FOUNDATION BEHIND THE COIN, BUT IN THE PAST WE SAW A ~195% INCREASE OVER THE SPAN OF A DAY. AFTER THAT, THE PRICE STABILIZED AROUND $70. THIS IMPLIES THAT WE MAY SEE A 98% PUMP IN THE NEAR FUTURE. OR DIP IF YOU ARE BEARISH. STAY TUNED! HAPPY HUNTING.
ZLong
by BladeCatcher2049
7
ZCL to BTCP Has Amazing PotentialThis is more about just writing out some thoughts than technical analysis. This is about the Z Classic Fork /Migration In a new twist to bitcoin forks, Z Classic will do something new called Bitcoin Private (BTCP). This is how it will work: Z Classic will fork so that if you own 1 ZCL you will get 1 BTCP They will fork for Bitcoin users too. So if you own 1 BTC you will get 1 BTCP The total coin supply with then be around 18.5 million The fork will take place sometime at the end of January More details here: www.reddit.com There is no premine or other garbage scheme. It's very much community driven. The interesting thing about this coin is that they are essentially adding Z cash zk-snarks shielding technology to bitcoin and improving the distribution. At the same time, they are rebranding to Bitcoin Private, which is very clever. Most bitcoin forks have gained value. Even the crappy ones. I know I know.. Not another fork. But this fork has tremendous potential and ultimately I see it more likely that it has a higher market cap then Bitcoin Gold. Bitcoin Golds market cap is $4 billion. It was a premine that really didn't have much support at the time and didn't offer anything that special. So far just from gauging the community, it seems like there is a lot of support for this coin. So in 2-3 months I could see BTCP having at least a 3 billion market cap. That would put the coin at $160. A $6 billion cap wouldn't be out of the question. So $300+ which would 10x from todays $30 price. I just do not see this staying this low for long. As far as technical analysis goes, what we see is that ZCL makes a move up, then consolidates then shoots up. As long as it keeps doing that, I'll keep buying. At some point it will shoot off then people will take profits, but doesn't seem like there is much selling, which signals that people expect it to go much higher. To my knowledge, Bittrex hasn't announced support for it, but they are the major exchange the carries ZCL if they announce fork support, ZCL will likely take off. So even though its up big from just a few days ago, I think it will continue climbing as more people learn about it. If it corrects, I will add to my position. Anyway, like any crypto, there is big risk but I think the reward is high enough to take a shot at it despite its increased valuation the past few days. Wish I was paying attention earlier.
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by rzmb44
13
ZClassic Hardfork into Bitcoin Private TA + FAZclassic ($ZCL) is in FOMO mode right now because it will be airdropped/hard forked into Bitcoin Private in January 2018. Total circulating supply BTCP: 18,500,000 BTCP (supply BTC + supply ZCL) Max supply BTCP: 21,000,000 BTCP Every BTC you hold = 1 BTCP and every ZCL = 1 BTCP This catalyst will cause people to fomo based on speculation of a higher BTCP price than ZCL (which jumped from $4 to over $60 in less than a week). medium.com steemit.com
ZLong
by Bobby-Axelrod
2
ZCL Buy Opportunity (100% Potential in 1 shot)This is a risky trade. I am putting this here as a "buy signal". Sell for 100% profit. This coin is breaking out and, as you can see from the chart, it has massive room for growth. The targets level on the chart or "random", intuition based targets. So please trade at your own risk. Set a very short stop loss. Do not get trapped if this doesn't work out. Analyze, think and then make your choice. Build a plan before hand. Set a goal. Maybe you can say something like, "I want to make 30% on this trade", and plan accordingly. That's it. All right. Let's trade! **Another idea that got caught in the 'private' pipeline. Here it is made public now.
ZShort
by AlanSantana
58