Billions burning rate | Bitcointalksearch.org

JeffBrad12

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Quote from: icalical on September 02, 2022, 08:20:42 AM

I don't think the burning rate will have significant effect on the price, not like Elon tweet. But I heard that Shiba Inu has evolve into an ecosystem or something, ( I don't really follow any of meme token) so I think its good that at least compared to other memecoin the Shiba Inu developer is actually make something, if the developer keep doing great, even without burning, the future of shiba inu will be bright.

I don't think so, it's better if you are seeing the market for now. This time everything seems unclear. yeah shiba has billions burning rate but if that was being calculated based the price of token and then it's not even worthy for shiba inu. Billions meant only thousands dollars of shiba inu. binance was doing multi millions burn regularly. Don't you even think how many hundreds of years taken for shiba inu to reach the low supply through burn?
People must use their brain to think about that correctly.

ilovealtcoins

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Quote from: YellowSwap on August 14, 2022, 01:06:28 AM

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

Compared to the total supply it is very small and insignificant, shiba is just a meme coin with no utility so reducing the supply does not help or attract the attention of investors. They can be inflated at any time without regard to supply and utility as other potential coins. Investing in shiba should not focus too much on supply, what you should be concerned about is when the shark inflates the shiba.

BitDane

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Quote from: YellowSwap on August 14, 2022, 01:06:28 AM

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

We all know that burning is making the circulating token smaller and the total supply token to decrease. It will definitely have an effect to the token in the long run. We might find Shiba Inu one day in the future having just millions of token supply. Now imagine the current market cap being the same after the total number of Shiba Inu is reduced to hundreds of millions, that is 3 zero killed.

mbakruroh

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Quote from: YellowSwap on August 14, 2022, 01:06:28 AM

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

The project is seriously built on a high number of tokens, they continue to develop the platform. Dex Shiba is currently in Coinmarketcap's top 20. Maybe many people don't like Shiba tokens. Because a price that doesn't look good on the exchange, having five leading zeros is probably a bad thing. But if we invest a large amount, of course a change of one number will make us rich.

WalkerIVIV

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Quote from: icalical on September 02, 2022, 08:20:42 AM

I don't think the burning rate will have significant effect on the price, not like Elon tweet. But I heard that Shiba Inu has evolve into an ecosystem or something, ( I don't really follow any of meme token) so I think its good that at least compared to other memecoin the Shiba Inu developer is actually make something, if the developer keep doing great, even without burning, the future of shiba inu will be bright.

At the end of the day it's the innovation that the meme coin brings that matters most after all the reduction of supplies of shib isn't that significant, therefore it will have quite less influence as you stated.
moreover meme coin trend is kinda weakening, even though i'm sure that it could always retain its value even if there's massive correction.

minairia3

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Quote from: icalical on September 02, 2022, 08:20:42 AM

I don't think the burning rate will have significant effect on the price, not like Elon tweet. But I heard that Shiba Inu has evolve into an ecosystem or something, ( I don't really follow any of meme token) so I think its good that at least compared to other memecoin the Shiba Inu developer is actually make something, if the developer keep doing great, even without burning, the future of shiba inu will be bright.

With a near-unlimited supply, the burning probably won't affect Shiba, but what will set Shiba apart from other memes is its ambition to create an ecosystem with its own blockchain called Shibarium. Besides they have many plans to join the metaverse, NFT...if Shiba really can, this will be the first meme coin on the market with utility. I don't like investing in memes but Shiba got me really excited about it.

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Quote from: YellowSwap on August 14, 2022, 01:06:28 AM

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

maybe with massive burning from time to time, in the long run it could turn the shiba inu into a promising coin meme and it's likely to explode again in the future as the developers go to great lengths to help the shiba inu get back on the market.
It can also be seen from history that the shiba inu has been very good so far, although past performance does not guarantee future results, knowing how the coin behaves can give us some context in terms of seeing what the future Shiba Inu might look like.

icalical

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I don't think the burning rate will have significant effect on the price, not like Elon tweet. But I heard that Shiba Inu has evolve into an ecosystem or something, ( I don't really follow any of meme token) so I think its good that at least compared to other memecoin the Shiba Inu developer is actually make something, if the developer keep doing great, even without burning, the future of shiba inu will be bright.

rojan

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Quote from: ilovealtcoins on September 02, 2022, 02:20:47 AM

Quote from: YellowSwap on August 14, 2022, 01:06:28 AM

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

Compared to the total supply it is very small and insignificant, shiba is just a meme coin with no utility so reducing the supply does not help or attract the attention of investors. They can be inflated at any time without regard to supply and utility as other potential coins. Investing in shiba should not focus too much on supply, what you should be concerned about is when the shark inflates the shiba.

shiba I think it is better not to invest. Because it has no future. I think it's a mm coin. If we choose some good coins from investing in them and invest in them then we have many chances to get profit from here later. So I think it is better not to invest in them. We have to invest where there are better coins. We will stay away from coins that do not have a good plan.

globalpain

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Quote from: ilovealtcoins on September 02, 2022, 02:20:47 AM

Quote from: YellowSwap on August 14, 2022, 01:06:28 AM

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

Compared to the total supply it is very small and insignificant, shiba is just a meme coin with no utility so reducing the supply does not help or attract the attention of investors. They can be inflated at any time without regard to supply and utility as other potential coins. Investing in shiba should not focus too much on supply, what you should be concerned about is when the shark inflates the shiba.

True it requires different treatment for shiba and other potential coins,
investing in meme coins is actually much riskier than investing in top coins like Ethereum or BNB which is obvious,
let's see what Shiba will be like in the future, this is obviously interesting

pantek talacuik

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Quote from: BlackBaron on August 31, 2022, 04:22:55 AM

Quote from: YellowSwap on August 14, 2022, 01:06:28 AM

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

Billions compared to the supply of trillions is nothing yet, it takes several times to burn in the billions category, if you look and aim at investing in the shiba meme coin it is misleading, avoid dealing with shiba, there are many others that you can see and place your money, looking for profit is precisely the loss you get, why put money in a deep hole.

That's right, it's a small amount of burning but I thought a little bit about what you're saying that don't trust the process or the burning too much. Have you ever experienced a loss?

KaliLinux

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Quote from: Tytanowy Janusz on August 14, 2022, 02:50:39 AM

Quote from: bittick on August 14, 2022, 02:01:42 AM

Killing another zero will be a very easy thing as long as there was a hype to make it happen.

"killing another zero" means pump from $8T marketcap to $80T marketcap (top 3 CMC). Killing one more zero means pump to $800T marketcap (2 times bigger than bitcoin). and its only a meme coin. Joke that was funny in 2021. Its not funny anymore.

Quote from: YellowSwap on August 14, 2022, 01:06:28 AM

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come?

Shiba does not have max supply. Means that people still mint new coins. Most likely there are more new coins coming in than being burned.

I agree with what you are saying though but in terms of the max supply case, Shiba Inus detail coingecko states that It has a circulating supply of 590 Trillion SHIB coins and a total supply of 1 Quadrillion. If this is the case if there is any additional minting would this not be reflected in the blockchain? By the way, I too think it is going to take a whole lot more token burns for Shiba Inu to get near to that price.

BlackBaron

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Quote from: YellowSwap on August 14, 2022, 01:06:28 AM

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

Billions compared to the supply of trillions is nothing yet, it takes several times to burn in the billions category, if you look and aim at investing in the shiba meme coin it is misleading, avoid dealing with shiba, there are many others that you can see and place your money, looking for profit is precisely the loss you get, why put money in a deep hole.

TastyChillySauce00

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Quote from: ?? on ??

Billions of tokens are burned, but how much of the total amount does the burned amount?

You can check it here https://www.shibburn.com/

A half already burned caused by it has been sent to the vitalik while the additional burn was coming from people who personally sending their shiba to the burn address or try to did so many transactions that was making them pay a lot of shib to be burned.

You can check it on that site and that gives you a very detailed information about shiba burn.

bocyaj

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It’s very move from the investors of shiba coin.They keep on liquidation of the token is not the right move,they should think about the investors money also.Same like happened in the dogecoin ,now the dogecoin is not a trustworthy coin among the traders.

ANSEL_2.0

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Shiba inu team needs to do more than that to be successful, this project has alreday given investors huge gains and it will be tough to continue been attractive to investors more so they need to come up with something new, burning isn't the only strategy needed.

Grim149x

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ithink soon if they will continue the burn and burn the shib will soon new ath again if the market will be bullrun again. so thats why all shib investors will be need more and more patience .

SistaFista

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Yeah, burning token to reduce it from circulation will affecting the price later or sooner.
It is one of the method to increase the value of the coin/token and it is good for the holders.
Shiba inu is #2 meme coin after Doge, most meme coins are not good, but i think Shiba is one of few good meme coins.

adzino

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Billions? Who told you that billions of SHIBs are being burnt every day? As far as I know, only millions of SHIBs are being burned and the supply is on trillions, so it will take forever to burn the coins. And the more the price goes up, the less the coins will be burned. I doubt SHIB will take away one zero let alone two zeros within few weeks. If it takes away one zero, it is going to jump to the third position which highly likely is going to happen. Two zeros means it's going to take over bitcoin which will never happen.

Morningstarr

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Quote from: YellowSwap on August 14, 2022, 01:06:28 AM

Do you think believe that Shiba could kill two zeros in the next bull market? .

Speaking of facts, the fact is that Shib does not have a maximum supply so you can mint more tokens Besides Shib is already pumped enough, and to reduce its current price by one more zero it would have to increase the market cap by ten times which is almost impossible, so I think it is unreasonable to expect more from Shib.

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