BOOM - First Self-Burning Cryptocurrency Based on Smart Contract - page 15.

SerbSerc

newbie

Activity: 35

Merit: 0

Quote from: andibongkol on September 11, 2020, 06:07:12 AM

in my opinion burnning is very suitable to increase the price of a coin because the circulation of coins in the market will be a little This method is very powerful and many projects do it because many investors prefer to invest in coins which has a low total supply

We this happening with BTC halving, price always goes up after every halving. Same is the criteria in BOOM and other popular deflationary tokens. As long as you are controlling the supply, defiantly you can control the price.

ChinkoCharlie

newbie

Activity: 41

Merit: 0

Quote from: Shasha80 on September 11, 2020, 04:16:21 PM

I like the idea of self-burning cryptocurrency which should be able to make the BOOM price even higher. But in fact
the BOOM volume is up to now very low, which means that not many investors are interested in investing in the BOOM token.
That's why I thought of don't buy BOOM for now, because it is very risky to invest in a project like BOOM. Although in
fact no one can be sure in the future of BOOM, there is a possibility that in the future the BOOM price can be pumped.
But there is nothing wrong with us being wiser in choosing tokens for investment. And it must be admitted that based on
the results of research and analysis, BOOM is not a profitable token.

If you look at volume and price of BOOM its defiantly down but not NIL. https://coinmarketcap.com/currencies/boom/
If you think the project has the potential to go up then dont wait for price and volume to go up. You may buy it now at low price and sell when it goes up.

Shasha80

sr. member

Activity: 1876

Merit: 318

I like the idea of self-burning cryptocurrency which should be able to make the BOOM price even higher. But in fact
the BOOM volume is up to now very low, which means that not many investors are interested in investing in the BOOM token.
That's why I thought of don't buy BOOM for now, because it is very risky to invest in a project like BOOM. Although in
fact no one can be sure in the future of BOOM, there is a possibility that in the future the BOOM price can be pumped.
But there is nothing wrong with us being wiser in choosing tokens for investment. And it must be admitted that based on
the results of research and analysis, BOOM is not a profitable token.

andibongkol

sr. member

Activity: 868

Merit: 251

Sovryn - Brings DeFi to Bitcoin

in my opinion burnning is very suitable to increase the price of a coin because the circulation of coins in the market will be a little This method is very powerful and many projects do it because many investors prefer to invest in coins which has a low total supply

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: GatotKaca on September 09, 2020, 04:20:24 PM

if the progress of the coin is only able to survive and fall Burning is an alternative way to make coin rise without doing the Burning system, investors will just leave this usually happens on old coins, I saw Burning happen to BNB and a positive impact is seen BNB prices are pretty good from before

Burning will really give out that kind of possibility but not as severe as this where it do burns where transaction do happen? Supply would really be lessen up but do you really think that it would be preferred by the masses
specially for long term?

I do see this kind of concept to be exaggerated. Burning on an unnecessary manner which doesnt really signify from time to time about price increase because it will always vary on the community support on the end of the line.

So i dont see for such potential for this to be considered.

ChinkoCharlie

newbie

Activity: 41

Merit: 0

Quote from: GatotKaca on September 09, 2020, 04:20:24 PM

if the progress of the coin is only able to survive and fall Burning is an alternative way to make coin rise without doing the Burning system, investors will just leave this usually happens on old coins, I saw Burning happen to BNB and a positive impact is seen BNB prices are pretty good from before

Burning of coin will create deficiency and that deficiency will eventually result in rise in price of the token. Th only thing BOOM and other such token dev team need to do is pay attention on development of token. Future looks to me bright for such tokens.

GatotKaca

sr. member

Activity: 1372

Merit: 250

Seabet.io | Crypto-Casino

if the progress of the coin is only able to survive and fall Burning is an alternative way to make coin rise without doing the Burning system, investors will just leave this usually happens on old coins, I saw Burning happen to BNB and a positive impact is seen BNB prices are pretty good from before

ChinkoCharlie

newbie

Activity: 41

Merit: 0

In coming days people interest will shift from BTC , ethereum to other cryptos. BOOM and other deflationary tokens are ready to grab that interest shift. Only wise investors can foresee this thing.

ChpCms

newbie

Activity: 41

Merit: 0

If you see BOOM its not making wild swings not its totally dead. That's a good sigh for a mature token i.e. attracting a decent volume per day. I think there is constant buying from few big whales and it can explode any time.

mqpa73

jr. member

Activity: 30

Merit: 1

Deflationary Tokens are good for both long and short term investment. In short term you can exit after seeing your target price, while you will be real winner if you wait for few more years as price of Deflationary Token like MASS is still to reach its ATH. I am sure they will go up in days to come.

ddal3

newbie

Activity: 46

Merit: 0

Quote from: Bezobraznike on September 03, 2020, 07:17:34 AM

Quote from: ?? on ??

I think this token is doing ok on exchange. You can see stats of Boom on WorldCoinIndex. People will probably use these coins for short term investments only, whenever it makes profit it is a coin worth investing.

As you say KenCryptos, for people who like to trade can use this coin for short-term investments, but people like I am are looking
for the long-term investments.
When something is first it can draw attention, I like the headline and probably will check more about this project and to see
is there something for me, can it be good long-term investment or it is and will stay pump and dump coin.

Actually these posts have 2 points. First, BOOM is doing good on exchanges while second point is DYOR before investing in any coin.
BOOM is a good addition and its slowly but steadily sailing in the market which is clear indication that its not a pump and dump.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

I think this token is doing ok on exchange. You can see stats of Boom on WorldCoinIndex. People will probably use these coins for short term investments only, whenever it makes profit it is a coin worth investing.

As you say KenCryptos, for people who like to trade can use this coin for short-term investments, but people like I am are looking
for the long-term investments.
When something is first it can draw attention, I like the headline and probably will check more about this project and to see
is there something for me, can it be good long-term investment or it is and will stay pump and dump coin.

ddal3

newbie

Activity: 46

Merit: 0

Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.

XinZang

newbie

Activity: 41

Merit: 0

BOOM and other deflationary tokens are burning token every now and then. This will create deficiency of BOOM tokens in coming days. Those who have BOOM in future will definatly be benefited because of shortage of coins but for that you need to buy it now. Its right time to make your decision about MASS.

langoot

newbie

Activity: 46

Merit: 0

Good thing about crypto market is that it never sleeps, projects and trading volume keeps coming all the time. BOOM is a new edition to the list. The idea of self burning looks attractive to many while some may not like it all but one thing is clear that these self-burning cryptos are not coming slow. Mark me words.

SerbSerc

newbie

Activity: 35

Merit: 0

BOOM has edge over other deflationary token that its development team has work hard to introduce it to main stream crypto world. That's why we are seeing BOOM on so many exchanges. This is very important, if team is strongly backing up project there are fair chances that token will go up.

WinterCns

newbie

Activity: 38

Merit: 0

The scarcity created in total supply of BOOM coin will be the main factor that can take it to moon someday. To me its a sleeping coin that can explode any day just like other altcoins explosions of the past.

mqpa73

jr. member

Activity: 30

Merit: 1

No one ever predicted that 0 dollar bitcoin will ever be of 19k$. Sop following predictions and do some research, Self-Burning Cryptocurrency or deflationary coins are new in the market and I think they are serving very well the purpose for which they were created. Its good to accumulate them for future investment.

KngrKhna

newbie

Activity: 48

Merit: 0

Quote from: Wawa2013 on August 13, 2020, 07:59:02 PM

It is true that BOOM token has advantages of self-burning crypto that other coins may not have. But if its coins burnt just a little,
I think it has little effect on the BOOM token price. Therefore, we can see the demand for BOOM tokens The low one. In fact, the
performance of BOOM tokens this year is very poor when compared to DeFi tokens which are more profitable.

I think no one can predict how any token will behave in days to come. Best we can do is buy a coin when its down and out, and HODL. If one think that BOOM is good for future then dont miss this opportunity of accumulating BOOM.

Colossal Enterprises LLC

copper member

Activity: 34

Merit: 0

I think if BOOM price is down and out of sight from investors than its a good time to consider this coin for investment. Every sleeping coin has a day and I am pretty sure that investors are slowly buying this coin for bullish run.

Topic: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract - page 15. (Read 3698 times)