Bitcoin cash holder receive airdrop btcp

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Holder bitcoin airdrop btcp receive cash как на вебмани поменять валюту

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It was inherited from ZCash and ZClassic as they work on the same protocol. The main purpose of this coin is a payment method. The idea was to make a method that would make tracking transactions impossible. Everything a person can see when enters a BTCP explorer is the fact of the transaction. In fact, the story behind Bitcoin Private is a bit frustrating.

Originally it was created in by Rhett Creighton only as a ZCash hard fork. People liked that idea, so he got down to work. In , the fork was initiated, and the BTCP we know went live. Experts are quite skeptical about the project. Many people reasonably find it unprofitable. BTCP started out quite well in March In fact, the coin faced its all-time high on March 12 in — only a few days after a release.

From that point, Bitcoin Private entered the slow and long decreasing trend. Throughout the rest of and the whole of , the price only went down. Despite all the negative background and criticism, many experts and cryptocurrency analysis portals are still quite optimistic about this coin. But still, the project has its advantages. There were a lot of discussions, but Bitcoin Private still has its audience — which, of course, finds something in it.

Rhett started the ZClassic project but did not continue development on it because he had a full time job and was unable to continue working on ZClassic full time for free. Later on, Rhett started a project called Whalecoin. I have no clue what Whalecoin is so I have no commentary about it.

I am not calling it Bitcoin Core to show support for Bitcoin Cash. I am just doing it for explanatory and ease of reference purposes so there is no confusion as to which version of Bitcoin I am referring to for new readers in the future.

When Bitcoin split into Bitcoin Core and Bitcoin Cash, Rhett admitted that he thought that Bitcoin Cash would die out and have no value but he was wrong. As a computer scientist Rhett found it interesting that Bitcoin Cash survived and continued to grow in value. This means that anyone who holds a ZClassic token will receive a Bitcoin Private token and anyone who holds a Bitcoin Core token will also receive a Bitcoin Private token.

You can learn more about how Bitcoin Private was created here in my interview with Rhett:. The snapshot of the Bitcoin Core blockchain will take place on February 28, and no one knows how long the snapshot will take due to the high difficulty hashrate of Bitcoin Core. Immediately after the Bitcoin Core snapshot is done, a snapshot of the ZClassic blockchain will take place and when that is completed the Bitcoin Private tokens will be available to everyone holding a Bitcoin Core or ZClassic token.

The advantage of me getting the ZClassic tokens before the fork is that there is a possibility of a quick spike in price right before the fork and an opportunity for me to make a quick profit and if I hold onto my ZClassic tokens there is an opportunity for me to get some Bitcoin Private tokens after the fork. Many people will have this same thought so everyone will scramble to dump their ZClassic tokens before the price crashes.

The advantage here is that if I sell my ZClassic tokens immediately after the fork, I can possibly capture the high prices and sell my tokens near the top n have the potential to capture maximum profits. We believe Bitcoin Private will be a huge success and at least have more value then Bitcoin Gold because we believe the privacy aspect of Bitcoin Private has significantly more value to everyone versus a new mining algorithm provided by Bitcoin Gold.

Why not? If it makes money why stop? Therefore the advantage if I hold on to the ZClassic tokens and not sell it immediately after the Bitcoin private Fork Is that I get to receive future airdrop tokens if someone decides to Fork zclassic into Bitcoin Cash or other versions of Bitcoin. Obviously, the disadvantage here is that if no one attempts to fork Bitcoin Cash or other versions of Bitcoin then I will regret not selling my ZClassic tokens while it was near an all-time high.

However the new Trump Tax laws eliminated this like for like exchange by stating that rule only applies to tangible real estate property and not virtual products:. Each time I make a trade or investment in a cryptocurrency I always try to calculate my tax implications manually. Here are some tax examples I want to share with you.

All calculations are very rough estimates. I also have to add the 3. In my opinion, the If you are not sure about how to calculate your crypto taxes, I highly recommend checking out the TaxToken. Their software is free to use for the next 12 months I think while it is still in beta.