Topic: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract - page 7. (Read 3698 times)
October 14, 2021, 01:31:31 PM
Prices go up and down. There is no coin that goes up word only. BOOM right now is on decline since its not yet an established alt coin but still its stats are way good then average alt coins. If you wanna invest in any alt coin then choose the best price to buy (the bottom one).
October 13, 2021, 12:26:58 PM
There are many things lined up in crypto market and choosing which one is legitimate is quite difficult at times. Seeing the price and volume of BOOM I am sure it has a hiding potential that can take him to moon in coming days. Now its upto us whether we take risk or stand still waiting for him to go to moon before we buy.
October 11, 2021, 01:46:02 PM
I am looking for BOOM price to go down to level of 0.001$. I am planning to keep it in my portfolio for long term. I am pretty sure more spikes will come in near future for BOOM. Lets see whether it keeps on going down or go up.
October 08, 2021, 04:30:17 PM
So burning of BOOM will create shortage of coins and that will increase its price. That may sound good ideally but practically there must be some reason why people will go for BOOM? This will happen only if it has some strong use case.
There are a lots of self burning coins in the market so there should be something spectacular about this coin. It sounds like a good project and I'm going to have e a second thought about it. I know it will take enough time for this coin to burn finish but more value will still be added to it. October 08, 2021, 02:38:23 PM
BOOM price is still very low and it will take years before its price may go up and touch some reasonable values. I don't think buying such coins have any use when we have so much valuable coins revolving in the market.
October 07, 2021, 02:03:25 PM
BOOM is good for those who can wait for few months for good return. Its totally for trading purpose and it has the potential to quickly go up at any time. You just need to catch that moment and best way is to buy it when its sleeping.
October 06, 2021, 01:23:53 PM
Deflationary coins have created huge hype because of there decreasing supply but whats important to understand is that how there supply will go down at first place? To decrease there supply of coin they need to have huge volume and that can be only possible if coin has some real world use. Nobody will come and invest if the coin is only about burning the supply with every transaction.
October 05, 2021, 12:17:49 PM
Whats important is that everyone of us keep an eye on crypto market? Coins like BOOM and alike will defiantly go up in price once or twice more in coming bull run. If you buy at this price then chances of getting huge profit are good enough.
October 04, 2021, 01:32:49 PM
there is lots of debate going on about the future of deflationary coins but one thing is very clear now after seeing the behavior of BOOM that deflationary tokens are here to stay. Its better to keep an eye on them to book your future profit.
We cant say this with certainty. If you see price chart of BOOM on CMC then its evident that there are only two spikes in last 3 months and since then price is continuously going down. You may invest some of your money in deflationary coins like BOOM but there are visible chances that your investment may hang up for a long time. DYOR before u make any decision.
We must buy a coin when it's at its bottom not at its peak but sadly we do reverse. That's y majority end up in loss. If you have faith in BOOM then its the time to accumulate boom rather then waiting for its ATH.
October 02, 2021, 01:28:01 PM
there is lots of debate going on about the future of deflationary coins but one thing is very clear now after seeing the behavior of BOOM that deflationary tokens are here to stay. Its better to keep an eye on them to book your future profit.
We cant say this with certainty. If you see price chart of BOOM on CMC then its evident that there are only two spikes in last 3 months and since then price is continuously going down. You may invest some of your money in deflationary coins like BOOM but there are visible chances that your investment may hang up for a long time. DYOR before u make any decision.
October 01, 2021, 01:41:04 PM
there is lots of debate going on about the future of deflationary coins but one thing is very clear now after seeing the behavior of BOOM that deflationary tokens are here to stay. Its better to keep an eye on them to book your future profit.
September 30, 2021, 01:36:38 PM
Reduced supply always leads to more price increases, that's the main idea of Burning tokens. Also, most projects have a different form of token burning, wherein the purchase of their product leads to token burning, in the long run reducing the supply, in the case of others, the team will set a time to buy back and burn their tokens. However, my humble opinion is, the team should put more effort into adding value to their product so, token burning will lead to more price hikes.
Cant agree more. Token burning alone cant take deflationary tokens to moon. There must be something affiliated with these deflationary tokens that will attract interest of the crypto community. If there isnt any community behind the deflationary token then who will buy and sell, supply will remain unchanged.
September 29, 2021, 03:53:14 PM
BOOM is a new type of utility token with a self-destructing mechanism, based on Ethereum smart contract. They’re now listed as the project with the highest market value among all deflationary tokens on etherscan https://etherscan.io/tokens/label/deflationary-token
BOOM project is a social experiment, aiming at exploring the market influence of an extremely deflationary cryptocurrency, and it will validate the effect of BOOM token as a hedge against the rapid inflation in token ecosystem.
The origin of BOOM is simple, once users transfer BOOM to others, 1% of the total transfer amount is automatically destroyed at the same time. The initial total supply of BOOM is 1 billion. The supply will decrease due to transactions, and no new BOOM will be issued then.
The destruction of BOOM token will run automatically on chain, written in Ethereum smart contract. No one can interfere.
When taking insight into bitcoin and litecoin supply halving history, you can find that destroying the liquidity can cause positive market expectations, and may cause a value increase. Now Boom provides a whole new supply curve, which is much more radical. It is a direct reduction in supply of token.
As users increase and BOOM circulation speeds up, destruction of BOOM will also accelerate. Once a user buys BOOM, he/she can only sell 99% to others, so the ‘Price Increase’ Expectation will be there naturally. That situation makes users prefer to hodl, if the pump is not big enough.
Boom website: https://www.boomtoken.io/
Coinmarketcap Statistics: https://coinmarketcap.com/currencies/boom/
Trade at Bitmart: https://www.bitmart.com/trade/en?symbol=BOOM_BTC
September 28, 2021, 01:36:06 PM
If you think deflationary coins can only go up by burning the coin then you are at mistake. That's new idea and to be successful they need to add some kind of real world usage also. Like deflationary coin must solve some problem. Then there is chance that they may go up.
September 27, 2021, 12:38:00 PM
We are heading towards another bull run and chances are that BTC may go up again. Price of coins like BOOM are only linked with BTC since they dont have any use case. Chances are that we may see another bull run from coins like BOOM.
September 26, 2021, 12:45:56 PM
BOOM price has gone up considerably but it looks like its not able to capitalize on it. The price is continuously going down after the two spikes seen in recent months. BTC is going up again, hopes are that BOOM may also go up.
September 23, 2021, 01:20:17 AM
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No pain, no gain. If you wanna play safe then crypto is not for you. right time to invest in any coin is when its in its initial stages and not much is known about the project. You have to dig deep at that moment, once its listed on exchnage then its price is rocketed.
If you see price of BOOM its continuously going down since it bull run in which BOOM went up 400% in one single day. It may go up again but not very soon. So anyone buying it now must keep this in mind that he has to HODL that for long time.
As I said if you wanna play safe then crypto is not for you. In crypto there is nothing certain you have to take risk to get huge profits. Price of BOOM is too low and not much risk is involved right now. So this is the time to buy it. If you wait you will miss the opportunity.
September 22, 2021, 01:36:06 PM
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No pain, no gain. If you wanna play safe then crypto is not for you. right time to invest in any coin is when its in its initial stages and not much is known about the project. You have to dig deep at that moment, once its listed on exchnage then its price is rocketed.
If you see price of BOOM its continuously going down since it bull run in which BOOM went up 400% in one single day. It may go up again but not very soon. So anyone buying it now must keep this in mind that he has to HODL that for long time.
September 21, 2021, 01:48:32 PM
BOOM is booming and its evident from its price chart of last 6 months. In crypto there is nothing predictable, if a coin has good dev team and its having decent volume then it can see moon shot very often.
Although there is no hard and fast rule that says that since deflationary coin has performed good in the past, it will continue to do same in future. Many coins came up because of artificial pumping and are dumped soon after that. We need to be very careful about such coins, exit when you got profit is best strategy for such coins. Dont sit in for long.
No pain, no gain. If you wanna play safe then crypto is not for you. right time to invest in any coin is when its in its initial stages and not much is known about the project. You have to dig deep at that moment, once its listed on exchnage then its price is rocketed.
September 20, 2021, 12:37:10 PM
BOOM is booming and its evident from its price chart of last 6 months. In crypto there is nothing predictable, if a coin has good dev team and its having decent volume then it can see moon shot very often.
Although there is no hard and fast rule that says that since deflationary coin has performed good in the past, it will continue to do same in future. Many coins came up because of artificial pumping and are dumped soon after that. We need to be very careful about such coins, exit when you got profit is best strategy for such coins. Dont sit in for long.
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