Topic: Burning plans - page 2. (Read 446 times)

If you hear about a burning system of a coin I think is better you buy the coin before the burning talks place because if a coin is been burn it reduce the total supply of the coin which everyone will definitely want to buy which will definitely pump the price of the coin so is definitely always advisable to buy coin before the burn which after burning you will definitely be in good profits.

Yes,  it would really vary on the coins popularity and if this is just some another shitcoin  in the market  that make some burning then it wouldnt really be that significant but if we  do talk about main coins or top
ranking ones then it would really be signifying  some  good news that it could possibly pump.

Lessening the overall supply with high or able to retain or sustain the demand will really result into high price but this  isnt always a guaranteed scenario because burning effects could neither be seen

directly or in long term aspect but most of the time this would really be on long term basis if the demand will continue into a particular coin.

Depends on which coin.  If the coin is a top-rated coin according to Coinmarketcap, then it's good to buy before the burn. For the short-term trade, it's a good strategy to make some easy buck. When the CEO of Binance exchange CZ announces any burning date, BNB coin pump hard. It's the same for FTX also. A few months ago NWC team also burned a lot of NWC coins and when the announcement came NWC pumped hard. I also earned a few bucks for the burning news. But dont forget to use stop-loss because some bag holders also dump their bags in this kind of news/announcement. 

Most of the coins/tokens that have a burning plan are usually shitcoins.
I have never seen a legit coin to raise it's value via burning.Maybe except ETH.
Coin burning seems like a market manipulation attempt.Maybe that's why most of the traders don't trust coins that are about to get thru burning,so they don't try to buy lots of them and increase their demand.
It seems like something is wrong with a coin,that is about to get burned.The supply of such coin was overinflated,which sends a bad signal to all traders.They might be thinking that there might be something wrong with that particular cryptocurrency/token project.
I'm not an expert in altcoins/tokens,this is just my opinion.

it becomes a common way for every projects to gained more attention from buyer in the market that's why they're burning token when they noticed that there's no improvement of the projects for long time. It's a good decision to be honest in my personal opinion. And yes so you should buy while while they're process the plan than buying during the buring of token because you don't know how much profit you will obtain from it afterwards or how long the progress will last..

buy before burning. because if there is an issue of coin burning, there will usually be hype and there will be provocateurs who play the price scale high. I think the best way is to buy before there is a burning issue and find out more about the coin

By the times of 2014/2015, burning bitcoin was happening more frequently per this community members' posts (by sending to a specific BTC addy, its privatekey was not at all generated). I mean burning is a known process for the attempt of increasing the value of circulating supply.

If you notice, binance is actively into burning BNB regularly (they have monthly schedule for burning process if I remember correctly); which might be a trigger for many devs to have burning as a part of their roadmap.

Simply, do not get deceived by burning plans. When a coin/token is not backed by "all the requirements of an ideal coin" then burning plans will not bring any changes to it. It may get dumped regularly regardless of whatever amount of circulating supply is burnt.

Burning coins doesn't necessarily guarantee that the price will go up. Sometimes it takes a while for the market to react. Whether a token has plans to burn some of their supply should not be the determining factor when investing in a new coin.

Coins with a limited supply usually go up in price faster than an unlimited supply. Especially with a limited supply, after that the coins burn and make
the supply decrease. It is certain that if this happens the price will soar up, therefore many investors expect the burning of coins, so that the price
can go up. The most important thing is that we must be careful in making decisions, we must know when to enter and when to leave market.
So we can take profit when there is a burning of coins, because that moment is rare, so we should be able to take advantage of it.

Burning of tokens are just one of those marketing terms project use to decieve speculators into investing in their projects. Burning doesn't guarantee a project will increase in price. First there has to be demand of the project because of the utility it providers. Another factor you have to consider is the supply of the coin in circulation. Tokens having trillions of supply as it's common with meme tokens this days (which I don't strongly recommend using them as investment unless you're just having fun), this tokens with such huge supply will hardly increase in price in a short period due to burns especially if there's no utility to create demand for the token.

Binance coins has so many utility tired to the exchange that it'll always be a hot demand project unless the exchange was to lose its relevant in the exchange industry. BNB is use for staking, crowdfunding, farming and trading. When the tokens get burns all this feature are still active therefore it create more demand and since there's a decrease in the current circulating supply, it has a major impact on the price of the token.

That can't be said about majority of the project out in the market using the burn mechanism just to attractive speculators to their project. Don't based your investment criteria on the fact of a project offering tokens burning as their target. Why create such huge supply in the first place, if you were just going to burn them afterwards.

Several coins have their schedule in burning their coins or tokens. And burning will commonly influence the price to go up. For, it will decrease the supply of the token itself. And lower supply may create higher value than before.
And yes of course, before the burning time happens, buying those coins may be a good idea, for, we can expect for higher price after burning.

The Binance Coin roadmap originally had a clause that provided for 50% burning of coins issued in the ICO. And, as we can see, this did not frighten investors to invest in this ICO in 2017, and as a result, this decision led to the success of the Binance exchange and its BNB coins

personally i am believe burnign token was not only as single strategy to make token price soar, there are another ways to make. How could  a token have expensive value without building something that very usefull in ecosystem. Token supply , burning token only used to attract but its not effective, investors need demand that created from utility. Just like binance, demand always occur because it have strong utility so their plan burning coin will always work.

Not a solid thing for you to presume that it would really be making pumps after such burning events because it will always vary on the project itself if it does have the demand then for sure pumps will really be there
but if we are talking in to a project which doesnt have any demand or popularity at all then burning would be insignificant because it wouldnt really make out any changes at all.
Neither it would be giving off some effects or wouldnt have anything at all.It will always vary or do talk about on the popularity or demand of a certain project for it to have
some relevant effects.

For good coins, definitely, that's such good news. Since there's recent news about burning and that's with Ethereum, we can see that good news gave it a surge.
Every time whenever there's a good coin that has announced some burning that's going to happen and another example is with Binance. We're seeing the price surges for that coin.

A deflationary plan is a good initiative for any project to undertake but it doesn't always work. Less supply don't always mean "moon mission". First, you've to consider some facts before delving in. Some of these facts includes:

• Making sure they have an active team
• Active community support for project and it's ecosystem
• Low inflation or token emission rate
• Token supply (including initial and total supply)

Coin burning is so vital within the cryptocurrency space that a few ventures have indeed based their agreement instruments on the deflationary technique; others have indeed gone so distant as to form a self-destructing computerized resource that burns a portion of the overall supply with each exchange. Which will give you much benefit as well.

In essence you are saying project like binance bnb has no good tokenomics that's why they include periodic burning on their coin! I think this is just a miss conception people have, burning those not necessarily mean to increase price instantly but some people just assume that ones a token burn is announced it automatically translate to price increase,  eth has an infinity supply with no token burn yet the price is high,  I agree token burn should not even be something to consider if they team already done a good calculation of the accurate amount of token to generate, perhaps this another way of manipulation.

in the case of BNB, be on board before there will be burning because by the time announce there will be burning that will happen, the demand will increase and makes the price go high. it does happen every time they announce.

ETH price today is really high but it could go more than 2x probably if they are going to be burning soon. speculations could be too much but we find it very exaggerating to see ETH more than $1000 back in the days.

When this concept was first applied to BNB, it used to pump the price prior to the burn event but later the market stop reacting to the event because it does not come from the liquid BNB tokens, I believe people will understand this soon with Ethereum, we have millions of Ether tokens locked up in ETh 2.0 and this is not moving soon but people tend to hype the few Ethers that has been burnt already as what will send the price of Ethereum to $10k, it is more about marketing narrative and who can sell it better