BGL The Secret of The Three Supplies
The Secret of the Three Supplies
If we consider the supply difference between Bitgesell and Dogecoin and imagine placing BGL Coin in a boxing ring against the planet's most famous and valuable meme coin, DOGE, the match would obviously be uneven. The small purple BGL coin would barely see its opponent's heels.
Any new investor entering the market often assumes their chosen coin will increase in value by 150,000,000%, as Bitcoin has from 2010 to November 10, 2024. That won’t happen. Bitcoin will always be the "Top Of The Galaxies", the world’s most secure cryptocurrency with the most committed community intent on defending its hegemony. The only crypto product born (via hard fork) from Bitcoin's code, with specific improvements and a primary focus on creating a highly deflationary store of value, is Bitgesell (BGL). The world needs to gradually wake up to this fact: nothing in the crypto market is better than Bitgesell in terms of medium and long-term appreciation potential!
Supply Matters
For newcomers entering the market, ready to invest in meme coins and various cryptocurrencies, it’s essential to understand the three types of supply (maximum, total and circulating), along with mining, token issuance, community strength, specificity and other factors. The more criteria considered, the better the investment foundation. The first criterion to understand is supply. Within each coin’s supply, you need to know the difference between total supply, maximum supply and circulating supply. For example, from its genesis block in April 2020 until November 10, 2024, Bitgesell has a maximum supply of 21 million coins (just like Bitcoin), according to the Bitgesell Explorer on Bitaps. It has a circulating supply of 19,930,111 coins and a total supply of 18,798,426 coins (after burning 1,131,685 BGL coins). Bitcoin, which does not burn coins, has a total supply equal to its circulating supply, as shown on CoinMarketCap. Unlike some other coins, BGL and BTC do not have infinite coin issuance.
The Calculations No One Makes
Dogecoin has 7,362 times the supply of Bitgesell, with infinite token issuance. XRP has 5,018 times more supply than BGL, but its issuance, as of now, is capped at 100 billion tokens. Solana and Ethereum, two cryptocurrencies competing for dominance in high-performance smart contracts, also have infinite token issuance. SOL has 29.5 times more coins than BGL and Ethereum has six times the supply of Bitgesell! How will those chasing top positions for profit recognize Bitgesell's potential for asymmetric appreciation relative to all other coins in the Top 100 if investors aren’t properly informed in time before making their long-term bets?
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