Is insider trading going on in the Bittrex exchange? If you were involved in the Zclassic / Bitcoin private crypto fork, you deserve to know!
There were many issues that happened with the Bitcoin Private fork. If you were like me and bought Zclassic on Bittrex prior to the BTCP fork, you might have ran into some serious issues!
Since I was able to make a test transfer off and sent some Zclassic to my private wallet, I thought everything would work out smoothly. But then, when I was going to make a large transfer from Bittrex, the coins were locked!
Bittrex announced last minute that they were going to support the snapshot and distribute Bitcoin Private to all of their users, but the way they executed the whole thing was a nightmare and a lot of people in the crypto community were pissed off as a result.
When the snapshot started Z Classic closed at around 0.01 Bitcoin or one hundred or so dollars. Then trading on Bittrex was frozen for a 15 minute period. When Zclassic trading was enabled again after the fork, ZCL re-opened at $30, basically a 70% drop off!
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https://www.youtube.com/watch?v=VTpqJWefs7E