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Bitcoin Private is a special kind of shitcoin - shitfork pump and dump
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So I thought that, how to disclose manipulation behind Bitcoin Private, that has occured a few months ago.
What happened wasn't really at all any real "demand". Just an organized pump and dump.
After "proposing it" price started to go "moon"
https://mobile.twitter.com/heyrhett/status/941197043267186688
With abnormal huge vol. But after it was "validated", then when real retardness happen, on bittrex with buying up by manipulators whole book, just to push price, and later marketing team started their job with shouting out to noobs, how to "dress" them up in shitfork.
Public pushed price to about 200$ (I think manipulators pushed it to around 90-100USD), and then they slowly been unloading shitbags, on gullible people.
Especially after bittrex announcement, that it won't support shitfork.
Bitcoin Private is a Zcash clone, without any real merit to it, riding on Bitcoin name, with cult like devoted community, something like Verge rev.2, of course any critique is dismissed.

Well BTCP still is at 26$, should be at 0 or 0.1$, Zclassic dumped to previous price.
So people are now at -50/-90% losses with this shitfork, some are still in 5-10x profit, so I think we can see accelerating trend of dumping (remember manipulators aka pump and dumpers, have already sold before fork, like they have done with NXT, another scammy pump and dump).
I don't know, if dev (and his friends) has participated in it (pump and dump), but creating such thing, make me suspicious to the point, that more points point to it, that he has participated in it.
But I dont have proofs, just my educated guess, and analyzing of Zclassic market behaviour.

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Posted
6 years ago