BOOM - First Self-Burning Cryptocurrency Based on Smart Contract - page 3.

galambo

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Quote from: Quidat on March 02, 2022, 03:15:46 PM

There are still movements but doesnt signify that it would last even further and its true that some people which are continuing to hype or shill out this project are the ones who do make out such investment and trying out to lure people specially newbies to buy this coin and when it pumped then thats the time they would sell off their bags which is really a very common concept on here.
This is why you should really be careful on making out investment and not just hurrying up yourself on throwing your precious investment out of nowhere.

People who have investments in any project advertise it for there own benefit its natural and something not limited to crypto only. I do agree with you that we need to be careful while investing in projects that are advertised by investors. BOOM is n no mood of making a significant move in terms of its price and I think it will be a little be risky now to invest in it.

ringgo96

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BOOM is a new project that makes a unique design to increase the attractiveness of investors, by making automatic combustion then this will be considered every transaction and this way will many investors who choose to hold until the value can increase, if at any time there will be a transaction then BOOM will be more limited then most likely the price can increase, I want to explore this project if it has the potential then participating is the solution.

Wildwest

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I'm not really interested in projects like this because when doing transactions they burn automatically so many investors prefer to keep their tokens until later the price can indeed increase, and the team that manages the project does plan like that if later the supply is limited and the price will increase, but this can not necessarily happen because everything needs a process, If indeed the price can increase by doing such burning then this project we can follow.

Quidat

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Quote from: galambo on March 02, 2022, 01:47:42 PM

Quote from: Yurkov on February 25, 2022, 03:18:12 PM

I don't know what you expect from this project, but if I were you I wouldn't be too positive. You don't need to do a thorough research to understand that this project was probably abandoned. Just look at the last time the creator of this thread was active, so my guess is that it is the developer:

Name: crypto_geek55

Last Active: July 19, 2020, 07:41:52 AM

Sorry, but I don't think this project will be resurrected.

Well I dont think its the official thread of BOOM created by the team. There are many threads created by investors who just wanna bump there coins through such marketing. The account from which this thread started may be dead but not the coin, even today this coin has market cap of 69k so there is still some boom in this token.

https://coinmarketcap.com/currencies/boom/

There are still movements but doesnt signify that it would last even further and its true that some people which are continuing to hype or shill out this project are the ones who do make out such investment and trying out to lure people specially newbies to buy this coin and when it pumped then thats the time they would sell off their bags which is really a very common concept on here.
This is why you should really be careful on making out investment and not just hurrying up yourself on throwing your precious investment out of nowhere.

galambo

sr. member

Activity: 966

Merit: 311

Quote from: Yurkov on February 25, 2022, 03:18:12 PM

I don't know what you expect from this project, but if I were you I wouldn't be too positive. You don't need to do a thorough research to understand that this project was probably abandoned. Just look at the last time the creator of this thread was active, so my guess is that it is the developer:

Name: crypto_geek55

Last Active: July 19, 2020, 07:41:52 AM

Sorry, but I don't think this project will be resurrected.

Well I dont think its the official thread of BOOM created by the team. There are many threads created by investors who just wanna bump there coins through such marketing. The account from which this thread started may be dead but not the coin, even today this coin has market cap of 69k so there is still some boom in this token.

https://coinmarketcap.com/currencies/boom/

sidsx2

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Quote from: ScamViruS on February 25, 2022, 01:53:26 PM

Is this project really showing anything interesting? I see that in the current situation, investing in this project means stepping into the trap, because the trading volume of this project is very low and it is listed on an exchange which is not well known to the traders. So all things considered, at least in the current context, investing in this project would not be the right decision.

https://i.ibb.co/vcv5nN3/20220226-005107.jpg

You are very right there are many coins here on bitcointalk.org that are no more developed by there respective teams rather they are just abandoned. We need to be careful of such coins else our investment will be held up for indefinite period of time.

Yurkov

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Quote from: langoot on February 25, 2022, 01:21:53 PM

BOOM hodlers are not having good time with this coin as boom is testing patience of its hodlers badly. BTC touched its ATH and still very much high in price but this coin refused to go up. Dont know how much more time this coin will take to go up.

I don't know what you expect from this project, but if I were you I wouldn't be too positive. You don't need to do a thorough research to understand that this project was probably abandoned. Just look at the last time the creator of this thread was active, so my guess is that it is the developer:

Name: crypto_geek55

Last Active: July 19, 2020, 07:41:52 AM

Sorry, but I don't think this project will be resurrected.

ScamViruS

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Quote from: langoot on February 25, 2022, 01:21:53 PM

Quote from: ?? on ??

We havent seen any spike in BOOM price for quite a while now. Which can be a sign that its very much silent for now. But thats a good time to buy this coin as price is down and spike in BOOM price comes for very shorter period of time. You can get the profit only if you but it at right price.

BOOM hodlers are not having good time with this coin as boom is testing patience of its hodlers badly. BTC touched its ATH and still very much high in price but this coin refused to go up. Dont know how much more time this coin will take to go up.

Is this project really showing anything interesting? I see that in the current situation, investing in this project means stepping into the trap, because the trading volume of this project is very low and it is listed on an exchange which is not well known to the traders. So all things considered, at least in the current context, investing in this project would not be the right decision.

langoot

newbie

Activity: 46

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Quote from: ?? on ??

We havent seen any spike in BOOM price for quite a while now. Which can be a sign that its very much silent for now. But thats a good time to buy this coin as price is down and spike in BOOM price comes for very shorter period of time. You can get the profit only if you but it at right price.

BOOM hodlers are not having good time with this coin as boom is testing patience of its hodlers badly. BTC touched its ATH and still very much high in price but this coin refused to go up. Dont know how much more time this coin will take to go up.

mm2543363580

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Activity: 952

Merit: 105

Quote from: MgoSgo on February 14, 2022, 12:14:58 PM

Quote from: andyou1234 on February 06, 2022, 03:48:27 PM

this is proof that the coin has very good prospects, where before experiencing a decline like now BOOM has provided a lot of benefits for its holders, but I'm not saying BOOM grew because of hype, the increase was purely due to the technology adopted from this project, even though BOOM is currently experiencing a very deep decline but I am very optimistic that this coin will increase as the crypto market improves.

Cant say about the future but right now this coin is under extreme bearish trend and was not able to give any hope to its investors. The main problem with deflationary coin is that they have zero utility and only thing they have with them is token burning.

They also start with huge supply like BOOM is start with 1 billion token in circulation and can someone tell how much time it will take before this supply will decrease significantly. There price will only go up if there supply is reduced to millions of tokens and it will take lots of time to reach that level.

MgoSgo

newbie

Activity: 19

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Quote from: andyou1234 on February 06, 2022, 03:48:27 PM

this is proof that the coin has very good prospects, where before experiencing a decline like now BOOM has provided a lot of benefits for its holders, but I'm not saying BOOM grew because of hype, the increase was purely due to the technology adopted from this project, even though BOOM is currently experiencing a very deep decline but I am very optimistic that this coin will increase as the crypto market improves.

Cant say about the future but right now this coin is under extreme bearish trend and was not able to give any hope to its investors. The main problem with deflationary coin is that they have zero utility and only thing they have with them is token burning.

Kellygucci

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Activity: 121

Merit: 1

Quote from: andyou1234 on February 06, 2022, 03:48:27 PM

this is proof that the coin has very good prospects, where before experiencing a decline like now BOOM has provided a lot of benefits for its holders, but I'm not saying BOOM grew because of hype, the increase was purely due to the technology adopted from this project, even though BOOM is currently experiencing a very deep decline but I am very optimistic that this coin will increase as the crypto market improves.

What technology adopted by BOOM that has increased it price? What makes you think this coin will go up? Your assumptions are based on speculations or you have some evidence of this.

andyou1234

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Quote from: Kellygucci on January 24, 2022, 12:55:41 PM

I don't know why this coin has market cap of 80k on daily basis. Its price is continuously going down but still there is a community that is continuously investing in this coin. We cant say this coin is dead yet since this is a lot of activity.

this is proof that the coin has very good prospects, where before experiencing a decline like now BOOM has provided a lot of benefits for its holders, but I'm not saying BOOM grew because of hype, the increase was purely due to the technology adopted from this project, even though BOOM is currently experiencing a very deep decline but I am very optimistic that this coin will increase as the crypto market improves.

ChinkoCharlie

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Activity: 41

Merit: 0

Quote from: ChpCms on January 31, 2022, 01:35:34 PM

Quote from: MgoSgo on January 30, 2022, 01:42:08 PM

Those who are worried about BOOM price must sell there holdings and try to invest in some other coins, as it will take some time before this coin will get up. BOOM has given very good return to its investors and it will bounce back again in future. Lets see how long it will take from here on.

Despite the bearish crypto market there are continuously spikes coming in BOOM price. I am pretty sure this coin is active and very soon it has some bull run coming. All we need is to remain focus and buy this coin on dip.

Why taking the risk man when who crypto is on sale, you can get any top alt coin at price of your choice. So better go for top alt coins listed on coinmarket cap rather then going for such stocks. you can buy these tokens at any time.

ChpCms

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Quote from: MgoSgo on January 30, 2022, 01:42:08 PM

Those who are worried about BOOM price must sell there holdings and try to invest in some other coins, as it will take some time before this coin will get up. BOOM has given very good return to its investors and it will bounce back again in future. Lets see how long it will take from here on.

Despite the bearish crypto market there are continuously spikes coming in BOOM price. I am pretty sure this coin is active and very soon it has some bull run coming. All we need is to remain focus and buy this coin on dip.

MgoSgo

newbie

Activity: 19

Merit: 0

Quote from: Kellygucci on January 29, 2022, 03:06:18 PM

Quote from: galambo on January 25, 2022, 01:53:58 PM

The answer to your question lies in your own script. Since the coin is having a decent volume on daily basis that means it has a community backing it. Deflationary projects are created to burn the token and reduce the supply. Decent volume means there is adequate token burning on daily basis which will decrease the supply.

One thing BOOM or other deflationary token may introduce in there ecosystem to increase investment is to increase the token burning rate. By doing so token supply will go down quickly and we will check behavior of this token.

Those who are worried about BOOM price must sell there holdings and try to invest in some other coins, as it will take some time before this coin will get up. BOOM has given very good return to its investors and it will bounce back again in future. Lets see how long it will take from here on.

Kellygucci

jr. member

Activity: 121

Merit: 1

Quote from: galambo on January 25, 2022, 01:53:58 PM

Quote from: Kellygucci on January 24, 2022, 12:55:41 PM

I don't know why this coin has market cap of 80k on daily basis. Its price is continuously going down but still there is a community that is continuously investing in this coin. We cant say this coin is dead yet since this is a lot of activity.

The answer to your question lies in your own script. Since the coin is having a decent volume on daily basis that means it has a community backing it. Deflationary projects are created to burn the token and reduce the supply. Decent volume means there is adequate token burning on daily basis which will decrease the supply.

One thing BOOM or other deflationary token may introduce in there ecosystem to increase investment is to increase the token burning rate. By doing so token supply will go down quickly and we will check behavior of this token.

galambo

sr. member

Activity: 966

Merit: 311

Quote from: Kellygucci on January 24, 2022, 12:55:41 PM

I don't know why this coin has market cap of 80k on daily basis. Its price is continuously going down but still there is a community that is continuously investing in this coin. We cant say this coin is dead yet since this is a lot of activity.

The answer to your question lies in your own script. Since the coin is having a decent volume on daily basis that means it has a community backing it. Deflationary projects are created to burn the token and reduce the supply. Decent volume means there is adequate token burning on daily basis which will decrease the supply.

Kellygucci

jr. member

Activity: 121

Merit: 1

I don't know why this coin has market cap of 80k on daily basis. Its price is continuously going down but still there is a community that is continuously investing in this coin. We cant say this coin is dead yet since this is a lot of activity.

MgoSgo

newbie

Activity: 19

Merit: 0

Quote from: saladin7000 on January 22, 2022, 02:04:36 PM

I think right now it's not only BOOM that has decreased and there are many other coins experiencing the same thing and there are still many coins that deserve and deserve to be bought besides BOOM, I personally currently prefer coins that have high capitalization to invest in the future , because it has a great opportunity to grow higher, BOOM does have a good movement but I highly doubt its growth in the future, because it does not have strong fundamentals in the market.

The coin still has trading volume of over 50k per day which is very much decent. There is no way we can certain in crypto market that which coin will go up in coming days, even boom has few good spikes in recent bull run which gave good return to its investors. who knows when we have next spike?

Topic: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract - page 3. (Read 3723 times)