Billions burning rate - page 3. | Bitcointalksearch.org

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Quote from: YellowSwap on August 14, 2022, 12:06:28 AM

What do you think about Shiba inu billions of tokens getting burned from time to time?...

The developers of the new Shibarium blockchain for Shiba Inu will try to make a reality of a similar coin burning system that we see now at Ethereum, after last year's fork London. Thus, a small part of the commission that users pay for the transaction will be burned.

bigjuk

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Quote from: YellowSwap on August 14, 2022, 12:06:28 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? .

I don't believe in the kind of coins that don't have Max Supply, what more memes that have a Billion/trillion Supply Amount, burning is not the end of everything, the experience that happened to LUNA, they can create more coins.

I'm not tempted by burning shiba, even though it's done billion tokens, it's just a trick to attract investors, but no, investors are now smart, they don't want to waste money on meme coins that are not worth it.

X-ray

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What do you say above? billions? So why don't you convert it into the fiat value? Does it make sense burning only a few thousands dollars for billions marketcap of crypto like shiba inu? I think that you shall make a proper calculation about that.
It's very easy to calculate that how it can impact the price of shiba or not. Billions burning rate is not enough for shiba. It needs more than it.
Binance was always burning even hundreds of millions dollar. What about shiba?

Slow death

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honestly people need to stop chasing these meme altcoins that have infinite coins, look at how many coins are in circulation: 589,735,030,408,323 and still no limit, what the hell is this? why do you have to have so many coins if you don't even have something useful in this project? I see news that the price of this altcoin a few days ago went up 30% I don't know if this is true or not, but the fact is that it is a meme and pump and dump altcoin, I hope people don't lose money on it

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Quote from: YellowSwap on August 14, 2022, 12:06:28 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? .

Sorry in my mind it's usual nothing any special, on shiba whether it's burn or not because the supply is also no limit. It maybe affect price on the shiba but only slightly, up or down because the burning will definitely have any effect on any token price. Killing two zero in the next bull market, maybe one zero because to kill two zero in my opinion is too heavy for a token meme.

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Quote from: YellowSwap on August 14, 2022, 12:06:28 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? .

their developers team must create something important with shiba utility , i think its not enough price drive by burning only. less supply was better but it must followed by another trigger. and utility be another important factor to drive price faster. shiba will follow doge as long they do the same thing , or atleast shill by elon musk.

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if shiba inu could consistently did this even in the future then i think increasing their value is rather easy, after all there's always sudden rally coming out of nowhere in terms of meme coins in general and the best action that most these meme coins in general could have is consistently lowering its supplies since usually the greatest thing that holds back these meme coins are their supplies.

Yogee

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I'm personally not a fan of coins that started off as a joke and continues to compete with another meme coin but you never really know what's going to happen to a project with a cult-like community. Anything goes whether they burn more or not.

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Quote from: YellowSwap on August 14, 2022, 12:06:28 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? .

They continue to burn same thing with Minting, if they can lower the minting as well then most probably this can be a good addition to the hype and the pump is inevitable. Though killing two zero means a lot in the economy of SHIB, this can be a huge target.

Despite of being a meme token, we know that there’s still a hype with SHIB and with the recent pump on its value, you can just say that meme token is not over. Waiting for the same news with DOGE since it looks like they are not that active compare to SHIB.

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Quote from: YellowSwap on August 14, 2022, 12:06:28 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? .

Have an estimation how much market cap is needed for it to remove those two zeros. It will be a huge market cap if you're going to calculate but look and have your own calculation to see how much it's needing.

It may have been burning billions of supplies from time to time but nothing will change from shiba. It's a meme coin and it will continue to have an unlimited supply overtime.

So that's a useless thing even if it is burning and there's no cap for its supply. We may have been seeing it at the top but I guess someday that it won't be there anymore and will just part of a great pumping history.

Takyeon

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Hype is what will become handy for Shiba inu to reach milestones again not burning, the supply is too gigantic that even 1 billion burns per month won't make a difference for the next few years, I hope this project become as good as those first NFT ape shit.

Ihugbogo

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Most investors believe on token burn brings out a great pump because the total volume of the token is being reduce drastically from burning machanism.
To me another bull 🐂 run will help Shiba eliminate another zero which will be good for holders.

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Quote from: bittick on August 14, 2022, 01:01:42 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, 12:06:28 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.

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Quote from: YellowSwap on August 14, 2022, 12:06:28 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? .

Killing another zero will be a very easy thing as long as there was a hype to make it happen. The hype that created by elon in the past has been making shiba killing so many zeros. we can learn from there easily during the bullish market and anything is possible to happen. You must also take valuation from how many USD worth of tokens already burned. Billions tokens meant nothing if it's only worth a few thousands dollars.

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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? .

Topic: Billions burning rate - page 3. (Read 560 times)