Coin Burn? - page 2. | Bitcointalksearch.org

serjent05

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I am not the fan of coin burn, because coin burn is not the way coin will goes up in price. The only strong pusher for the coin is it' project. If the project being use by many people and can be adopted by our community. The price will goes up without burning scheme. Burn only can male coin up for a while without good development and adoption.

Same here, I think that burning coins doesn't bring any innovation to the table. It is just a plain scheme that has a psychological effect on people making them think that the coin is getting scarce.

Quote from: awakpane on April 18, 2021, 06:02:21 AM

In my opinion, burning coins can help stabilize the coin value and curb potential price inflation. Stability gives investors a greater incentive to hold coins and keeps prices at more profitable levels. That way the network uptime and bandwidth remain healthy.

Project delivery, constant effort, and wise decision of developers can help stabilize the coin value. Even with coin burning if they don't deliver the roadmap that they promise, the coins will surely won't get any interest from the investors.

awakpane

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In my opinion, burning coins can help stabilize the coin value and curb potential price inflation. Stability gives investors a greater incentive to hold coins and keeps prices at more profitable levels. That way the network uptime and bandwidth remain healthy.

dzonikg28

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Quote from: Sendi blackspade team on April 17, 2021, 03:29:16 AM

Quote from: BaeNaNa on January 02, 2018, 08:58:25 AM

Yes, the dev burn the coin to decrease the total supply of the coin and burning the token can push the value up, it is a nice move from the dev to burn the coin especially the coin in their possesion as sometimes people don't want to buy something because the supply is too large.

This method has been done a lot on other coins, by reducing the existing supply it is expected to pump up the value of the remaining coins in circulation, this is a good step to stabilize the market, because of the scarcity of coins, the value increases it certainly applies whether it's the crypto market or the formal market though.

That is right, but for some coins the burning mechanisms have been way too aggressive. You still want the coin to have certain functionalities and to serve the economics in the network well. Having too much deflation can be as harmful as having too much inflation. In other words, it is not a good thing under any and all circumstances.

Sendi blackspade team

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Quote from: BaeNaNa on January 02, 2018, 08:58:25 AM

Yes, the dev burn the coin to decrease the total supply of the coin and burning the token can push the value up, it is a nice move from the dev to burn the coin especially the coin in their possesion as sometimes people don't want to buy something because the supply is too large.

This method has been done a lot on other coins, by reducing the existing supply it is expected to pump up the value of the remaining coins in circulation, this is a good step to stabilize the market, because of the scarcity of coins, the value increases it certainly applies whether it's the crypto market or the formal market though.

bandungan

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Quote from: JumboCactuar on January 02, 2018, 08:36:27 AM

Hi,
What happens with coin burning? Im guessing it will decrease the total available but not sure

I read this could be happening with TRX (Tronix)

Could this push its value up?

the function of burning coins besides breaking down the total supply of coins can also be a signal for investors to immediately join in there and see the price will increase. but these increases cannot be instantaneous through various stages in the market for prices to actually increase significantly.

dzonikg28

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Quote from: doomloop on April 15, 2021, 02:44:30 PM

Quote from: dzonikg28 on April 15, 2021, 02:39:37 PM

Coin burning is just one deflationary measure that imitates scarcity. You need to check whether inflationary measures outcompete deflationary measures.

But tokens are coming up with fixed supply which means there cannot be no more such tokens could be printed; so burning process will lead to scarcity without any doubts. But, you can be right as for the coins which are having mining reward mechanism also going for burning processes. In that kind of situations, we must need to take care of burning is leading to any significant reduction on circulating supply or not. If there is no reduction then there will be no point of going for burning process.

You need some sort of mechanism to keep the blockchain going, also knows as proof of "whatever". Fixed supply without any reward is hard to realize as it lacks important elements for the vital incentive structure within the network.

tanjiran

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Quote from: Ulven on April 16, 2021, 07:57:21 AM

Yes, burning coins generates scarcity. But this process is not sufficient to affect the price of the currency if there is no real demand and supply for the project.

it takes many aspects to increase prices, strong market confidence, tangible and functional products, that's what can drive price increases. token burning can reduce supply, which means scarcity will appear, if the demand is higher than the supply, the price will increase, like the law of economics.

tronix? I just heard about it. if the project is strong and market support is good then token burning can have a positive impact

Ulven

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Quote from: dzonikg28 on April 15, 2021, 02:39:37 PM

Coin burning is just one deflationary measure that imitates scarcity. You need to check whether inflationary measures outcompete deflationary measures.

Yes, burning coins generates scarcity. But this process is not sufficient to affect the price of the currency if there is no real demand and supply for the project.

3trix

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Coins Can not be created or destroyed but can be transformed from one form to another.... Actually i believe the smartest folks out there don't burn their coins
This space is more deep than ico shit

Fredomago

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Quote from: ?? on ??

normally if the supply of the coin continues to decline then the price of the coin should increase if the coin continues to be used.

if there are usages then the demands of the coin will increase and supply and demand will applied, the higher the demands the
better in terms of value, if there's burning events that will take place and the project is really being used, it will gain a big impact
bringing the coin being valuable.

Quote

because the amount is decreasing but the demand is constant or tends to increase, but in some cases it has no effect on some coins.

No effects if there's no supply and demand meaning to say, if there's nothing after burning volumes of the tokens, there's no reflections
either no real usages or there are no buyers to support the coin.

kevindjunaidi

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Quote from: JumboCactuar on January 02, 2018, 08:36:27 AM

Hi,
What happens with coin burning? Im guessing it will decrease the total available but not sure

I read this could be happening with TRX (Tronix)

Could this push its value up?

with coin burn, usually the price of coin can increase, because the total supply of coin is decreasing, but it also depends on coin, so if coin has a function, then of course coin burn will have a positive impact on the price, because the price will definitely increase when a burn occurs, but if coin doesn't have a function, then in my opinion coin burn will not affect for the price of coin to increase.

pixie85

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Quote from: ycoin123 on January 03, 2018, 10:37:22 AM

I'm a Newbie? Word Coin Burn made me worry Sad

. Any Idea?

I'd say no, because your coins will not be burned. Usually stolen, hacked, stuck coins are burned, so you as an individual investor don't get affected by it.

It can increase the value of your coins if there's a limited supply but it will depend on the number of burned coins vs total supply. If they burn 0.5% of the supply don't expect a big pump out of it.

doomloop

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Quote from: dzonikg28 on April 15, 2021, 02:39:37 PM

Coin burning is just one deflationary measure that imitates scarcity. You need to check whether inflationary measures outcompete deflationary measures.

But tokens are coming up with fixed supply which means there cannot be no more such tokens could be printed; so burning process will lead to scarcity without any doubts. But, you can be right as for the coins which are having mining reward mechanism also going for burning processes. In that kind of situations, we must need to take care of burning is leading to any significant reduction on circulating supply or not. If there is no reduction then there will be no point of going for burning process.

dzonikg28

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Bisq Market Day - March 20th 2023

Coin burning is just one deflationary measure that imitates scarcity. You need to check whether inflationary measures outcompete deflationary measures.

Spaffin

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Regarding whether Throne coins will light up, I have never seen such information anywhere. But that would really increase the value of the coin in the cryptocurrency market. For example, the Ethereum team also announced that when the Ethereum 2.0 upgrade is completed and the transition to POS, part of the transaction fees will be ignited. This fact will in any case increase the shortage of Ethereum in the market and thus turn Ethereum into a deflationary asset.

Dexion

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This method is used to reduce the supply of existing coins by buying them back, by increasing the scarcity and high prices will increase the price but are temporary, at least will temporarily hinder their movement. This strategy is good for increasing the value of a coin but you will find some coins will burn afterwards.

darewaller

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Quote from: JumboCactuar on January 02, 2018, 08:36:27 AM

What happens with coin burning? Im guessing it will decrease the total available but not sure

I read this could be happening with TRX (Tronix)

Could this push its value up?

In smart contract mechanism, the devs are following some procedure to call it burning as they cannot recover those coins after the process of burning hence circulating supply will get reduced which ultimately will lead to higher demands hence we can assume prices to get pumped.

By the times of 2015, I have noticed people were too curious on burning bitcoin as well. They shared some unique addy and for which there is no privatekey is available (I have not checked how true that is) and people were sending bitcoins to that addy for burning to make bitcoin prices to increase.

Davian144

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Quote from: doc110240 on April 15, 2021, 11:45:25 AM

TRX is still rising! What's everyone's prediction for the price in coming days/weeks?

If it continues to increase like now, then the TRX token will reach ATH again in the near future, and in general the TRX token is a very good token to hold regardless of its low price, but its potential is always visible in the market.

Rexler

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Quote from: JumboCactuar on January 02, 2018, 08:36:27 AM

Hi,
What happens with coin burning? Im guessing it will decrease the total available but not sure

I read this could be happening with TRX (Tronix)

Could this push its value up?

Devs usually burn coins in other to decrease and supply and make it scarce, coin burning will help decrease the total supply of a particular coin and in turn this helps to add more value to the coin, burning of tokens are common with new projects nowadays, it's like a added feature for hype, but sometimes even after burning this coins, the coins still doesn't add any significant value, it will still be at a low price, for now the only coin I know this burning of coins hype is working out for is BNB and people are really buying into it.

akgandalf

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In the coin burning event, the value of the coin always increases. There was a coin called emc2 in the bull market in December 2017 and I can say that it was burned for the first time. After the news of the coin burning, emc2 gained serious values.

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