Topic: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 48. (Read 28215 times)

Digifinex put the deposit for BitGeSell on maintenance. Do the team have any information from them about this issue?

HotBit exchange does not have problems with deposit or withdrawal.

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BitGeSell is recovering and the increasing volume is good for more rally and maybe other all time highs for this coin.
BitGeSell price and volume
Coinmarketcap does not include the Twitter account for BitGeSell (in Community list). Coingecko has that link and I would prefer to visit coingecko for statistics and updates with new exchanges.

There are two contests/incentive programs running (and they should be running for a year more at least):

1. Node incentive program:
Every week (1008 blocks) 20 nodes would be randomly picked and awarded $20 each.
For this particular moment it means that every new node would get this bonus, until network grows!
https://bglcontest.bitaps.com/nodes This contest is planned up to next halving in March 2022.
Hourly updated list of nodes: https://bglcontest.bitaps.com/nodes_list
The nodes are picked randomly throughout the whole week range. Nodes are crawled hourly.
The more hours node is online - the better the chance for it to be in winners list.

2. Transaction contest
Every week wallet address will be picked automatically which is included in most transactions.
This address will be awarded $100.
https://bglcontest.bitaps.com/

The number of exchanges that allow you to trade BGL coin is limited now. Its Crex24, DigiFinex and Hotbit. All information is here https://coinmarketcap.com/currencies/bitgesell/markets/

Nodes run using Linux VPS. Already there are 130 participants + on the last day are launched many "1 hour nodes". Small chance to catch good luck.

Guys, just wanted to alert the newbies like me, use whatever exchange just not hotbit! Pure shit platfrom and fees are just insane.
Withdraw 1220 BGL and they took 20 coins... wtf...
Besides that, the platform just barely moves. Android app is a joke too...
I wanty to accumulate BGL on a different platform, which one do you experienced guys recommend?

Also, +1 for how to run nodes and participate in the contest You do that just by having BGL core wallet open?

Hey EmmaWu.

The rewards for two contests are great. Would you mind sharing more details about them, please. I would like to buy some more BitGeSell and join the future rounds. How often those contests are run (weekly, bi-weekly or monthly)?

Binance CEO about coin burn:
https://twitter.com/cz_binance/status/1381277694705295362

They are not truly decentralized (21 verification nodes and burn is made manually and by central decision), some opinion about it:
https://bravenewcoin.com/insights/binance-smart-chain

and some discussion:
https://bitcointalksearch.org/topic/will-binance-be-the-next-ethereum-5318456

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Congratulations to the winners of the node incentive program!
https://bglcontest.bitaps.com/nodes
2021-04-12
Total network nodes: 182
bgl1qgh6f2t642cdknlg7ctp9ancw38k5kejfsn6aul
bgl1q23ax63htl26u5jz4cj2pc4nfl7tuspcpuqg2uh
bgl1qfhr6zd70wpzvqczgqh3yzlv55kt2pl4xwh9vvz
bgl1qfehmlqx82zdf8gr085cgnh09ttg9ay6klza60c
bgl1q85ha3m4jhshssx8u3fkg6nsrv632ewreeylsrh
bgl1qwldvflqk3kg7tx55qsytdaffxsu6qqnls35f6w
bgl1qdlwkyqezxa8gk06hvrklzsvlpnwhg75zmtm3p0
bgl1qux3rsswva957nvzpe6mq0rext2y34auhjj70t6
bgl1qcagqen3709gmvw0e6lvdfswu36hrh86acn5vme
bgl1qmhhysju8kpj7s7l3cztcc9tttqk9lyry7l5edc
bgl1qdccky450htelpxdwng20twx9g87hpusrveldyw
bgl1qnnavs02upzhmj4ryxjtau9ytlawfypzxu3dyae
bgl1qns07wz0nr87cshr2cfeazdwapz9r86wq4q4wyz
bgl1qw6ruzrmq75lgxq6a7ry5elxefvxcz26e7y982s
bgl1q6qcrx73r7vjzum8l2ukv7q0lc9cy7qzvcdznz0
bgl1qtc59ghcgc6shw9jg5rlgf6an94pe3qm56ej8au
bgl1qjr8mtyknmhg9qjaqs63dz9guvhhr3aej4wm356
bgl1qly3q33uhqcrhmjj55pk0f3maffnwcqufhj9czw
bgl1q2lfgua0s6e9vwnu5dw4pm8vneyhuecp4esnh47
bgl1q2e8xd33da8ru209gs66wgcls6evmuwfl0y049c
The reward is 340 BGL for everyone.

Congratulations to winner of the transaction contest!
https://bglcontest.bitaps.com
block #54581
2021-04-11 12:54
The address bgl1ql7qj3kyla4fyjcjclklmq8yky06djdccxd02v2 (219772 transactions)
The reward is 1700 BGL


Reward txid is  71218e2d2be0dc7bbef15a83edf6bcbc13506af0ef193221a9fc75ce6014bf71

I should have sold a portion when it reach it's current all time high of 30 cents, but I have high hopes and big believe on the project then, this is one of the coin that makes sense, because the theory was applied in the past in some country, we just need a good implementation of the roadmap we need more platform and more exchange, so far roadmap is good and developers are updating us.

We like to see this listed in a much bigger exchange, personally I hold this coin so I want it to pump while we are still in a bull run.

Binance could create a lot of hype, so its better to invest for listing if they can allocate some budget for that.

as of this writing, BGL is down 36%... https://coinmarketcap.com/currencies/bitgesell/

As a holder and trader of these coin, I would like natural and not short-term speculative growth. Of course, a binance-level exchange would increase the liquidity and price for this coin.

I guess Binance would help them as its the most trusted exchange now, once its listed, the hype will be high and knowing that the supply is very low, $1 will be easily achieve and even $10 because of the hype in the short term, however, does the team has the capability to list BGL in Binance?

The number of exchanges should be greater. I will explain why this is necessary. Now there is a situation when you can buy and sell BGL only on the DigiFinex exchange. This is very inconvenient for traders, because the glasses of supply and demand are almost empty.

Absolutely true! I can not step in the shoes of others but in my opinion, appearance for trading on big exchanges is good. It help a cryptocurrency to take advantage of capital flow on big exchanges. Whales, retail traders will move their capital around and inside one exchange. They are keen on internal capital flow than withdraw their money from one exchange, and deposit it to another exchange. It is inconvenience for capital movements.

If my opinion is accurate, it is one of reasons why listing news can help price to have pumps.

If you can not win community vote, you will have to pay very expensive listing cost. Focus on medium exchanges can be good choice for BitGeSell team.

The listing is very crucial and it could be a big reason for the success of this project.

It's time to make an effort to get this listed in big exchange such us binance, kucoin, and huobi, then things will change for the better.
For now, it's easy to manipulate the price and with low volume exchanges, big investors are not attractive and actually the main reason why a coin is popular is if more traders are moving this in short term and it could only happen with big exchange as they can accommodate big volume.

I believe that BitGeSell is in the very early phase of Eliot wave theory. Stay tune for higher highs.

It is still a very young cryptocurrency and there are more time for it grow up. The partnership with more exchanges can be done in the future and the general up trend, the altcoin season will help BitGeSell as external factors. I am waiting for more good news from internal developments. 

With low volume and limited available exchanges, high spread is bigger. It happens for all cryptocurrencies and not only for BitGeSell. If it is the bot operations on Hotbit are there, all cryptocurrency trading orders are manipulated by bots. The bot operations and fake buy or sell walls can be detected by eyes. You can try to set your orders, bots will create their orders above yours very fast.

I'm sure, the current situation will make BGL holder on hotbit feel sick. It's more than 13 hours ago since the last trade on hotbit got updated in coinmarketcap. It's not wrong to worry. But, the volume and liquidity at digifinex began to increase gradually. If BGL can expan the exchange to the more grade level, the good thing will coming.

Hotbit exchange, which recently gives the largest figure for trading (screwed up by bots), has been unavailable for trading for last 9 hours. Therefore, such a drop in daily trading values. This BGL coin needs an exchange level higher than the three that are currently available. Now there is no supply and no demand.

The price is going to be more volatile due ot lack of liquidity.

We only have $7,184 volume now per CMC and its down 81.99% in the past 24 hours.
I think what we are lacking is an exchange that could help BGL build its trading volume and be more stable.

I see that many users use version 0.1.1 for the running node. And others use 0.1.6 version. Isn't it necessary to use only the latest version? And there are no errors in the network that uses nodes of different versions?

LOL. Do you know how to analyze trading charts for the exchange?

Show me who wants to purchase 14,400 daily generated coins.

Your initiative to create panic is failed. The BitGeSell market was not dumped deeper after one day. Bitcoin is trying to bounce and altcoins are rising again. Do you forget that the market is in altcoin season 2021?

Dumps in altcoin season give perfect entries to accumulate more altcoins with cheaper, discounting prices.

The pump of BitGeSell in the past week is the trial of further growth.