Why Bitgesell BBD?


Why Bitgesell BBD?

Why burn the coin that is in the wallet of a long-term investor? Simply because it will make the Bitgesell (BGL) cryptocurrency even more deflationary, despite already having everything it needs to surpass Bitcoin and gold valuation in the long term. Bitgesell is a currency that burns itself by burning 90% of transaction fees. In contrast, Bitcoin miners and banks keep 100% of these fees for themselves, and you don’t even bat an eye or question the price.
In 2009, anyone interested could buy 1,309.03 bitcoin (BTC) for $1 USD. Today, on October 1st, 2024, just 1 BTC is worth 83,775,999 times more! With one dollar today, you can buy today about 20-25 bitgesell. Imagine you want to purchase 1,000 BGL coins for just $44! It’s a very attractive long-term investment, but let me show you the following: out of the maximum supply of 21 million Bitgesell, a total of 1,251,375 BGL have been burned over the past four and a half years. This means that after all coins are mined, there will always be fewer than 19,748,625 BGL in existence. If each holder holds one thousand coins, there will only be 19,748.6 holders with 1,000 coins each! And if we burn one thousand coins during the first edition of Bitgesell Burning Day, for example, there will be one less holder with 1,000 coins. Simple. By removing coins from circulation, their value within the blockchain increases.
This is the idea behind Bitgesell Burning Day , the BBD Event.


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