How Bitgesell Will Make 1000X
HOW BITGESELL WILL MAKE 1000X
In this Bitgesell article, we will explain some reasons why the Bitgesell Community believes that the BGL currency can increase by 1000 times in the near future. In fact, statistics indicate an overvaluation of 140,000 times in the next years if Bitgesell marketcap reaches 1/5 of Bitcoin marketcap of February 2024! In other words, Bitgesell coin could easily reach $10,000 in less than 10 years or, if you prefer, 10 Bitgesell Halvings! Is it just wishful thinking? Or is it because the Bitgesell currency has something special? Let's find out what lies behind this optimism about the most deflationary cryptocurrency in the Crypto Market... Bitgesell coin!
In a survey conducted in the first days of February 2024 on the Official Bitgesell Telegram channel, 33% per cent of investors voted that the main reason they invested in Bitgesell was because Bitgesell is better than the famous Bitcoin. Second place went to Bitgesell's super daily burns and third to the annual halving. Are they right? Let's dissect and look the reasons that reinforce or encourages the increase of Bitgesell investors year after year.
Annual Halving
Bitgesell has a maximum supply of 21 million coins. Previous articles on the Bitgesell Blog have detailed the currency inssuence of these halvings from the first halving in 2021 to the last, expected in 2054, which are explained here. Indeed, in practice, 52,500 blocks are mined between each halving. Subsequently, the miner reward is halved annually after the completion of 52,500 blocks. As of February 5, 2024, 19,305,111 coins have been mined, representing 91.92% of the maximum supply of 21 million. The forthcoming halving is scheduled for the end of April. The remaining days until this important event for Bitgesell coin can be tracked on the Bitgesell Explorer.
Super Burning Mechanism of BGL
Just as Bitgesell's coin production decreases by 50% each year, benefiting early miners and investors, the same phenomenon occurs with inflation in Bitgesell, accentuating its appreciation. However, Bitgesell's deflationary secret lies in its daily burns that promote its accelerated scarcity.
These burns occur automatically in the code and also voluntarily from the users.
As a "rule" coded on its BGL blockchain, the ingenious idea from developers is burning 90% of taxes and fees transactions. For example, all transaction fees on Bitcoin revert 100% to the miner for a lifetime, just like banks enriching in all transactions. Within Bitgesell, miners only receive 10% and the rest is burned. The burning value of Bitgesell is 90% of the commission. The minimum commission value is 0.00000110 BGL. Accordingly, the minimum burn value is 0.00000099 BGL.
How many transactions to burn 50% of Bitgesell supply?
The VISA Data Processing system performs 242 billion transactions per year. On the Bitgesell blockchain, since mining began on 04/04/2020 until today, 14.3 million transactions have been performed. This number of transactions together with miner tips for burning, has produced a global burn of 1,046,133 BGL coins last four years. It is still necessary to add to previous amount of burnings the coins from the Bitgesell Null Address wallet, where any investor can burn, contributing to accelerating Bitgesell's scarcity and his deflationary nature. Therefore, to burn 50% of the Bitgesell supply (10,500,000 BGL : 0.000009 tax burn for each transaction = 1,111,111,111,111 transactions are required) it will take 1, 1 trillion transactions. It means, if one day Bitgesell hit the same number of VISA transactions, it would take less than five years to burn 50% of Bitgesell circulating supply.
Low Market Capitalization
Bitgesell had a market capitalization of about 1.2 million dollars on February 5, 2024.For Bitgesell's potential, the value is insignificant, but it sporadically provides miners with some income that still allows them to cover mining costs. Generally, coins with low market capitalization present a high investment risk due to having few investors and if the coin lacks good fundamentals or good adoption, it will end up forgotten. However, it must be remembered that the number of investors in Bitgesell is growing with each halving. For example, taking the growth observed in 2023, for example, the number of investors increased from 1000 to about 3500, causing a 250% increase.
Statistical Confidence
Despite not being listed on any CEX exchange yet (only PancakeSwap and Uniswap) and considering the three previous halvings, Bitgesell has shown an annual appreciation pattern of over 300% at minimum peak due to its halvings. This curious fact is expected to be repeated relatively predictably in 2024 and the following years. The halving is indeed a highlight in the BGL Network, which functions as a bull run regardless of any macroeconomic scenario. Remember that Bitgesell was born precisely in the midst of the 2020 Global Pandemic (04.04.2020) period and, in addition to inheriting the best from Bitcoin, "vaccinated" itself from the beginning to survive in difficult and severe financial "drought" conditions.
Upcoming Listings
One of the major demands from current investors when they discover Bitgesell is the need for listings on various renowned centralized exchanges to make the coin more visible, attract more investors and facilitate original coin transaction operations. Currently, buying Bitgesell starts with PancakeSwap or Uniswap and through the BGLswap bridge, where you can exchange wBGL tokens for original BGL, using the Bitgesell wallet (24 passwords) and Metamask wallet (12 passwords). There is also a second option to use the Escrow Service of the most reputable member of the Official Bitgesell Telegram channel, called MyLuck, always available to help. Of course, after listings occur, Bitgesell will become more accessible and the "organic growth" of the coin will lead to listings on more top exchanges, as Bitgesell's Store of Value proposition compared to Bitcoin reveals great potential for hypervaluation within a few years.
The End of Bitcoin?
Bitcoin will always be the first and will remain the number ONE currency. That is indisputable, even by Ethereum coin. However, top spots are meant to be conquered. Everything is possible in crypto! And Bitgesell, having improved its Blockchain technology, making it faster and lighter, is a heavyweight candidate to risk Bitcoin's throne in the medium and long term as Bitgesell designed to become a store of value and digital gold by excellent, exactly like Bitcoin but much more deflationary.
Bitgesell is a currency derived from Bitcoin and designed to incorporate all the best features and improvements of the blockchain. The original code was written using the new and stronger SHA-3 hashing algorithm. The Bitgesell blockchain is also a lightning network based on the SegWit protocol. The network is fast enough to support any type of load and transactions will be carried out at lightning speed.
Bitgesell gets stronger
Bitgesell has various deflationary mechanisms contributing to the scarcity of the currency. Bitcoin does not have these features. Bitgesell's halving occurs every year until 2054, while Bitcoin's halving occurs every four years until 2140. The valuation asymmetry with Bitgesell investment is greater compared to Bitcoin. You might get 10 to 20 times returns at most in the next 10 years with Bitcoin asset. And with Bitgesell, the potential for appreciation is much more higher. Finally, with future listings on exchanges, Bitgesell will achieve higher levels of valuation. These are not reasons to threaten Bitcoin, but they are some reasons for the investor to decide whether to put their money into something that will appreciate 10 to 20 times or choose one asset with 1000 times justified potential as Bitgesell coin.
High risk High return
You don't need to invest a lot of money to become a successful Bitgesell investor. The time you're willing to wait will give you the money you need at that moment or the value you've always dreamed of. Remember: any exit price will always be regrettable in the following years due to Bitgesell's overvaluation in the coming years. So, be prepared because you will always have a good story to tell for being a Bitgesell pioneer. In the first phase, basic self-custody lessons are fundamental, as Satoshi's recommendations remain current: "Not your keys, not your coins." Secondly, secure your first BGL and then feel comfortable making small purchases as per your capabilities. Don't be greedy. Remember that $1 invested in Bitgesell every month, for example, will be the best investment of your life because it will bring you security, potential high returns, and a better and more prosperous life. The statistical model in Bitgesell combined with the deflationary nature of the currency will provide the necessary confidence and security over time.
Win Free wBGL by airdrop
In addition to Bitgesell being mineable using ASIC supercomputers, you can also receive extra "coins" for free in form of wrapped tokens (wBGL) after purchasing an NFT from the Bitgesell Road Collection at Bitgesell Farm NFT. A distinguished member of the Official Bitgesell Telegram, named MyLuck, owns this collection of NFTs available on the Polygon network for sale on the Rarible website, distributing free BGL to the owners of the NFTs who earn wBGL tokens from the BSC network through an free airdrop, which can then be easily transacted. Remember that Satoshi never gave anything away for free. The mining he conducted during the first year reverted to an account with over 1 million Bitcoins, which everyone fears could be dumped at any time. Bitgesell also has two wallets with over 1 million. One with 3.5 million BGL for 1:1 pegged to wBGL. And another with 1,7 million to pay promo campaigns of marketing after coin reach 1 dollar.
All NFT holders also have a second chance to win wBGL tokens from the Bitgesell Road Collection using Bitgesell Space Lottery The results are generated directly on the BGL blockchain, making them absolutely unpredictable.
Bitgesell resembles USSD stablecoin
Bitgesell is one of the four cryptos (BTC, ETH, DAI, and BGL) chosen by the stablecoin USSD to support the value of the USSD stablecoin, fully backed by cryptocurrencies. According to the USSD Whitepaper, "the USSD stablecoin aims to prevent risks of (...) freezing, blacklisting, banning, or pausing transfers." This means completely unstoppable and autonomous decentralization.
Zero inflation
The issuance of Bitgesell coins corresponds exactly to the inflation rate within Bitgesell. That is, every year, inflation is reduced by 50%. Until the next halving, inflation stands at 6.25% and will decrease to 3.12% for new coins after the next halving over the course of 12 months. From 2030 onwards, we may see Bitgesell inflation at an impressive 0.097%! Fiat money, for example, presents variable and increasing inflation rates depending on the economic policies of each country or economic region. The main consequence of inflation in money is the loss of purchasing power over time, with the increase in commodity prices and the devaluation of the currency. On the contrary, Bitgesell currency will be progressively eliminated the insuance of new coins, as inflation approaches to zero in 2054, the last year of BGL mining.
BGL better than gold or jewelry
There is no doubt that having gold or valuable jewelry at home poses a risk to family security these days, especially if anyone talks too much. It weighs a lot, takes up space, and requires a safe. I have a friend who has a three-kilo gold necklace. Every year he adds 100 grams! After a few years, the probability of being robbed or suffering from cervical curvature is almost certain. Besides, jewelry can be falsified, while Bitgesell coins are unfalsifiable. With Bitgesell cryptocurrency, you need to safeguard your 24 passwords of Bitgesell wallet in a safe place. For a higher level of security, you can also download the main BGL Core and control or store your coins with alphanumeric private keys.
Your coins are available to you 24 hours a day and, after these steps, the only person you need to fear is yourself. Bitgesell is not the ultimate solution for your savings, but rather an alternative or contribution to diversifying your asset portfolio. It will be a reference in the future, just as Rolex is for watches or Porsche is for cars: fortune, distinction and class in one digital currency.
Bitgesell pyramid?
Those who invest in a pyramid scheme earn their returns from their own money or from the money of subsequent investors, rather than from a profit made by the individuals running the business. However, when it comes to Bitgesell, the gains and its value come from the limited supply of coins and daily burnings. As more people acquire the coins, the supply becomes rarer, making each coin increasingly valuable. Bithesell simply has nothing in common with a standard pyramid schemes.
Bitgesell Encourages Detained Activists
The Bitgesell community, through a democratic vote, has approved the creation of a wallet containing 1000 Bitgesell coins to be distributed to activists who have been or are currently detained. You can access for more information it by clicking here.This initiative demonstrates that the Bitgesell community, beyond promoting its currency, is socially conscious and remains vigilant about global events, ready to intervene in critical issues that shape the world. If you wish to make a meaningful impact globally, Bitgesell offers you the perfect opportunity. Join us on the Official Bitgesell Telegram.
Conclusion
In conclusion, all the reasons to believe that Bitgesell will make more than 140,000 times constitute together a strong asset of increasing valuation over time. The BGL blockchain is designed to face the worst challenges, guaranteeing long-term profit with high certainty. While banks make annual profits at the expense of customers, commissions, credit or debit cards, transfer fees, etc., Bitgesell converts 90% of that value into absolute burning. Anyone can see this on the Bitgesell Explorer.
Each Bitgesell coin is the result of complex mathematical calculations. With paper and pen, you would need an eternity to complete the "puzzle" of one single BGL. With an old IBM 1401 computer, it would take 40 thousand times the age of the Earth. Today, with ASIC supercomputers, it only takes 10 minutes. BGL is unfalsifiable as fork or derivated code from Bitcoin with better improvements will be always in the top of the security. Because each Bitcoin upgrade will always be applied to Bitgesell with 10x times more efficiency.
No one has a crystal ball that reveals the future, but the fundamentals of Bitgesell, in our opinion, are better than other coin, including Bitcoin, gold or any other asset. And soon will occupy a prominent place in international high finance as the epitome of value reserves.
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IMPORTANT BITGESELL LINKS:
* Grateful thanks to Cointelegraph for the "Bitgesell paitings"!
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