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.

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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.

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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.

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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 .

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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.

Tony116

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Quote from: wxa7115 on August 24, 2022, 10:27:29 PM

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Billions of tokens are burned, but how much of the total amount does the burned amount? Tokens like Shiba are constantly creating new hype for investors. They are good at marketing, but they are dishonest. I'm not rich enough to buy a Shiba and lose money. They can burn as many tokens as they want, I'm not interested in them.

We must also remember the price of any asset is determined by the supply and the demand, and burning tokens only affects one of the two factors, which is the supply, but it has no effect on the demand at all.

This means the developers of Shiba could burn all the tokens they want but if they are unable to raise the interest from the community then their actions will mean absolutely nothing, and if anything they run the risk of those actions playing against them, because if after such measures the coin still remains static when it comes to its price then the few which still hold Shiba may lose their trust in it and begin to sell their coins.

A coin that is scarce or in low supply that people don't need is useless. We know that before ETH moved to POS, before ETH didn't have a limited supply, but because it provides so many usecase for investors, its supply and demand are always high, creating real value for ETH.
In contrast, memecoins are different because they are just hype, burning the supply hardly makes any sense unless it turns out that they are useful in some way

wxa7115

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Billions of tokens are burned, but how much of the total amount does the burned amount? Tokens like Shiba are constantly creating new hype for investors. They are good at marketing, but they are dishonest. I'm not rich enough to buy a Shiba and lose money. They can burn as many tokens as they want, I'm not interested in them.

We must also remember the price of any asset is determined by the supply and the demand, and burning tokens only affects one of the two factors, which is the supply, but it has no effect on the demand at all.

This means the developers of Shiba could burn all the tokens they want but if they are unable to raise the interest from the community then their actions will mean absolutely nothing, and if anything they run the risk of those actions playing against them, because if after such measures the coin still remains static when it comes to its price then the few which still hold Shiba may lose their trust in it and begin to sell their coins.

JoyMarsha

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Having them burn their tokens periodically is the best way to come up with because of their total supply. It's going to take years before the burning of their tokens takes effect on the price.
Let's just see how far they can go with the burning of Shiba tokens and the effect on the price thereafter.
If eventually the price of Shiba pumps, it will still be dumped by their investors.
Meme coins are just but pump and dump coins

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Quote from: Jackl87 on August 16, 2022, 06:37:49 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? .

Well in general i always like projects that are burning tokens from time to time because this means that the supply becomes lower and therefore the token becomes inflationary which is usually always good for the price of the tokens. In regards to the burn of SHIB: Burning Billions of tokens sounds like a huge number at the first glance maybe but if you look at their maximum supply then you will see that a billion token is way less than 1%, even less than 1 per thousand, so the effects of burning a billion SHIB tokens are close to none in my opinion. In addition to that, SHIB is just a useless meme-coin and without a use case burning tokens also won't do anything.

Agree, no matter how many tokens are burned or the supply is limited, with a coin without utility it is very difficult to grow and become a popular coin, it is useless.

Overall shiba is one of the very impressive memecoins with what it has achieved in the market but it's still just a meme, so don't let its exaggerated marketing fool your eye. This should only be viewed as a short-term investment and should be stopped in time before regretting it.

Jancuki

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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? .

I think the reduction in supply will have an effect if a project has its own merits and advantages. If shiba reduces supply for the purpose of making the price better then I think the price increase will definitely not last long, because the shiba project itself in my opinion has no advantages except for a mere meme token.

yazher

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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? .

Well, of course, that's the obligation to make the price increase in the future because the more they burn their tokens, the more likely the price increase with the constant development of their platforms and some updates that would trigger the price to increase. They have been doing it for a while now because they wanted to secure their investor's potential to further trust them on what they are gonna do with their project. With this tight competition in the crypto market, every project should not delay its development if they don't want to get left behind.

Gayong88

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This can be the main reason why we sometimes see the price drop too fast. No one really knows how many tokens will be burned. But I think this is a positive step that can have a big impact on the project. Maybe many people are worried about the overall token burning, but I heard that many foreign investors believe in the success of Shiba Inu.

wxa7115

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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? .

It is important to keep things on perspective when we are trying to make a prediction or asking for the opinion of others about the validity of our ideas.

The price of Shiba could be in fact be affected by so many coins being burned but it is not going to grow nowhere near as much, as you basically want the coin to go up 100x its current price and that is simply not possible for a coin that is nothing more but a meme coin, which may not even be popular by the time the next bull run appears.

Frengki_cisco

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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? .

Meaning that every burning that is sure the supply will decrease automatically, the coin burning thing, usually will have an impact on the price of at least Shiba in the last few days it has increased, although it doesn't have a big impact.

But I believe the doubling of shiba burning could affect developments in the market.

uneng

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What are few billion of tokens when compared to the total supply of 549.063.278.876.302 SHIB? In fact, it doesn't make any difference... News like this are just cheap propaganda for SHIB developer in an attempt to attract more investors to this memecoin. If you care about limited supply and burning methods, go for cryptocurrencies which have a compromise in making this system works efficiently and for real.
And never forget checking the real data to see the impact of such measures on the currency's price. After all, a measure to work must bring practical results and consequences on the reality that must reflect in trading volume, values, adoption and usage.

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Quote from: shinratensei_ on August 17, 2022, 06:38:36 PM

reducing their supplies is always great in the long term since it could means there's higher chance of increasing its value but having the supplies reduced and increase in value is definitely different thing.
shiba inu could reduce its supplies and still have its value didn't increased because there's lack of investments, the thing with shiba inu is that it kinda requires tremendous investments in term of increasing its value considering most have already holding this coin.

investors not only cares about supply burning but their want more it. shiba inu developers team must do another important thing to support its supply , creating utility will be second trigger for shiba inu . re-arrange tokenomic will be good step for projects that have huge supply , every token will clearly known how it will used.

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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? .

I believe that if it keeps burning supply and lasts for a long time, this will have a very positive impact on Shiba's price in the long run. The problem here is that Shiba is a meme, so it is hard to say that it will persist in the market and grow in the future. Shiba is just a tool to manipulate prices so it depends a lot on sharks.

shinratensei_

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reducing their supplies is always great in the long term since it could means there's higher chance of increasing its value but having the supplies reduced and increase in value is definitely different thing.
shiba inu could reduce its supplies and still have its value didn't increased because there's lack of investments, the thing with shiba inu is that it kinda requires tremendous investments in term of increasing its value considering most have already holding this coin.

el kaka22

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The phrasing of the topic makes it sound like they burned billions of dollars. One billion shiba equals to would be around 16k dollars, that's literally nothing for a project. We are talking about a token at 11th position if I am not wrong, burning a few thousand dollars and you think that should mean something? It means absolutely nothing and not a good enough reason to invest.

People invest into shiba because they want to, if you want to then invest. Nobody could give a good logical answer to what would be a good reason to buy shiba, they all just say it can go up, and they want to and that's it, because these burnings are certainly nothing important at all, futile attempt to phrase it as good.

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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 answer really depends on how long and how much the demand will be for this shit/meme coin until the next bull market.

I don't trust these influencers and whales because they are working hard for their benefits not for a common joe so think about it while thinking about killing those two zeros.

WeedGoW

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Shiba knows quite well what kind of people invested in their project or where their potential investors are. Mainly 'normies' on the internet that don't know much about cryptos in general. This is where the 'burning = disinflation' thinking without any else. How many Shiba Inu's circulating in the market? The daily amount of mined Shiba dumped into the market? Just another shill attempt to get more people into their Shiba's bandwagon, pump up their bag.

StormHawk

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At this point I believe that doge coin investment is better but cant say no to having some Shiba token in my wallet because it's not just any the burning alone, the game is complete and if that becomes so attractive it will help a lot.

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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 Shiba inu project has been talked about suspiciously often lately

Two zeros? Hardly, the project has already grown enough, one burning is not enough to make it grow 100 times. Burning by itself does not yet indicate that the coin becomes deflationary. If combustion exceeds issuance, it might have some effect on price growth, but if like Axie Infinity, when issuance greatly exceeds combustion, it won't save the token from becoming even cheaper due to increasing supply in the market.

Jackl87

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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? .

Well in general i always like projects that are burning tokens from time to time because this means that the supply becomes lower and therefore the token becomes inflationary which is usually always good for the price of the tokens. In regards to the burn of SHIB: Burning Billions of tokens sounds like a huge number at the first glance maybe but if you look at their maximum supply then you will see that a billion token is way less than 1%, even less than 1 per thousand, so the effects of burning a billion SHIB tokens are close to none in my opinion. In addition to that, SHIB is just a useless meme-coin and without a use case burning tokens also won't do anything.

CuriousGeorge

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it's very clear what Shib does when doing a token burning program. Since the number of tokens in circulation is very large, the main way to increase the value of the TOKEN Shib itself is through the token burning program.

Yeah but it must also affecting the price of shiba inu. I heard that this thing already implemented by shiba inu but the burning seems giving a small contribution to the price. The burning mechanism can happen once its blockchain will be fully launched but this time it was still peg with ethereum blockchain. People shall wait until shibarium will come. they must be patient for that thing to happen.

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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?...

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, 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? .

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.

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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

legendary

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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

Doell

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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? .

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.

strunberg

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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? .

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.

shinratensei_

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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.

samcrypto

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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? .

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.

livingfree

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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? .

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.

Tytanowy Janusz

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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.

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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? .

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.

YellowSwap

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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 (Read 497 times)