Topic: Deflationary Tokens - page 8. (Read 3802 times)
Crypto is bullish as never before but deflationary coins like BOOM are in mood of joining this bull run. May be in next bull run they may run with btc. Nonetheless its disappointing for BOOM holders that they wont be able to sell there tokens in this bullish season.
They have got enough fame on different exchanges as coins who decreases in numbers with time. They now need to attach some real world use case with these tokens. Once we have this, it will surely be going to moon.
Its getting difficult day by day to pick alt coins, since there are thousands of alt coins in the market. Deflationary tokens are in there very initial stages and the supply is relatively high these days. As time passes there supply will go down and chances are that price will go up. DYOR before you jump into any coin. Its just my opinion.
It's really a shame how deflation tokens faded away so fast, the use case never lasted for long, the kinda failure from STO projects too, some use cases are just not going to work in crypto space I guess, burning off tokens when making transactions sounds cool but not just a good reason to invest in such projects, not a good utility for a real asset.
If you see stats of deflationary coins like BOOM, one thing you will notice is the volatility. On one day the market volume is in million while on other day it is in thousands. If we carefully buy deflationary coins at dip, there is fare chance of getting good profit in short run. They are good for day trading.
The only thing missing in deflationary coin is a use case and I am sure as soon as we have a use case for these deflationary coins they will defiantly land on moon and nothing can stop that. Those who invest when coin is down are ultimate winners.
Going through the comments on this thread one point is very clear that people are interested in coins that have use cases along with payment system. I m sure deflationary token team is having an eye on whats posted here.
It's really a shame how deflation tokens faded away so fast, the use case never lasted for long, the kinda failure from STO projects too, some use cases are just not going to work in crypto space I guess, burning off tokens when making transactions sounds cool but not just a good reason to invest in such projects, not a good utility for a real asset.
Only because of one feature of the coin, which consists of burning tokens for a transaction made, it is not worth appreciating as a good asset. What's the point of this if there is nothing more behind the product. I have not seen a single deflationary token that would be appreciated. Some pretty promises.
Its too early to say whether deflationary coins are gem or not. Right now there are huge queries regarding this concept and the team should answer all such queries as soon as possible to attract investment. else this will just another alt coin with no future.
Just like alt coins are waiting for there seasons, these deflationary coins are also waiting for there season to arrive. Right now there prices are down and good for buying. problem with new investors is that we dont buy when prices are low rather buy when prices go too high.
es, they just perverted over coins, they do it for any color and taste, everyone that only likes to lure people with some new idea, binance burns its tokens, if you want something like that, buy themBinance is no doubt a good coin thats worthy to be invested. But at the same its better to build a diverse portfolio that have multiple coins. You never now when these deflationary coins start going up. Invest few amount in them also.
Just like alt coins are waiting for there seasons, these deflationary coins are also waiting for there season to arrive. Right now there prices are down and good for buying. problem with new investors is that we dont buy when prices are low rather buy when prices go too high.
es, they just perverted over coins, they do it for any color and taste, everyone that only likes to lure people with some new idea, binance burns its tokens, if you want something like that, buy them
Just like alt coins are waiting for there seasons, these deflationary coins are also waiting for there season to arrive. Right now there prices are down and good for buying. problem with new investors is that we dont buy when prices are low rather buy when prices go too high.
I am well aware of coins with controlled inflation like BTC, where a finite number of coins will be generated at a controlled rate. Very recently I came across deflationary tokens where coins are destroyed whenever a transaction is made and they will end at some time.
My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?
Every project created with a purpose, so if you want to know exactly about the purpose of a coin, you should learn it on their website and whitepaper. My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?
Are they worthy enough to be invested? I don't know what kind of coin that do you mean, but the first thing about the investment you should learn it by yourself, if you think untrustworthy, so skip it
The supply wont go to zero in a day or two just like last bitcoin will be mined in 2140, BOOM supply will degrade to notable level after 40 to 50 years. Lets leave that to generation of that time.
Those who look for shortcuts in investments usually end up in loss. In crypto you have to buy coin on time and hodl, wait for right time to sell. Deflationary coins are in initial stages n price is very low. If you are interested in this coin then buy it now.
Yes, the greedy people that can't wait any good things about their invested are always end up losing their money. Well, it is also a lesson for them to learn and that is the good thing about life. Losses should not stop us from learning about investment. Losses is part of it that can make you succeed. Most altcoins are deflationary and if it happens that you can join or had an altcoin to which now currently grows then you are good. Chainlink is one of the altcoins that keeps growing up to the present.
Please kindly share the name of the token, many deflationary tokens I knew are almost dead now due to lack of use case, investors are now smarter to avoid projects that have no real life use cases because in a very short time they will become worthless
A great example is $BNB, a solid project with a great number of supporters. Investing in deflationary tokens can benefit long term investors. Given that all fundamentals in the company's business remains constant, the token price will go up overtime due to regular token burns. Not looking at much the volatility, and looking at the historical data, $BNB has reached all time highs after every token burn.
I feel that binance is one of the few exceptions of the deflationary token system working rather than the norm here . Too many projects are trying to lure in ok investors with the deflationary token mechanics without any base fundamentals.
Burning a token without any fundamentals is burning something which never existed.
Token burning without a fundamental is exactly the issue here. Because this in reality doesn't shorten the supply the expected value driven by a round of token burning would not bring a long-term inflationary token price. If anything this will only be temporarily.
It seems to me that most project nowadays add this feature just to keep up with the trend and reap the short-term benefits this might bring, but not really projecting the real value a true token burn can entail, and this means that some investors lose big time, not to mention the deteriorated trust in the crypto system the project was built on.
Interesting concept, but it doesn't make sense for me. Why would anyone use a finite currency?
To have a limited supply like bitcoin it's ok, but to have a decreasing supply it's another story and I think that doesn't work on practice. Furthermore it's not an enough feature to be presented by a crypto currency to show importance in the market. I believe an altcoin needs much more than a deflationary characteristic to be desired by investors.
However, as boom token (first self burning crypto currency) says, it's just a social experiment yet. In the future this concept can be improved and better elaborated allied to other features which can result in a creative and innovative crypto currency.
To have a limited supply like bitcoin it's ok, but to have a decreasing supply it's another story and I think that doesn't work on practice. Furthermore it's not an enough feature to be presented by a crypto currency to show importance in the market. I believe an altcoin needs much more than a deflationary characteristic to be desired by investors.
However, as boom token (first self burning crypto currency) says, it's just a social experiment yet. In the future this concept can be improved and better elaborated allied to other features which can result in a creative and innovative crypto currency.
Those who look for shortcuts in investments usually end up in loss. In crypto you have to buy coin on time and hodl, wait for right time to sell. Deflationary coins are in initial stages n price is very low. If you are interested in this coin then buy it now.
Despite no use case if you see volume of these deflationary coins then its evident that someone is silently investing in these tokens. There price is down and its best to buy right now if you have faith in these coins.
the idea is just an experiment that carried some hype and people enjoyed the ride, but in the real sense of it, such idea idea wont work for a good cryptocurrency worthy of investing into. the hype didnt last long because it wasnt mean to have real value
Many coins in crypto world have gone to moon because of hype, we have to be in the coin before that hype whether its deflationary or any other coin. Otherwise we will be just an analyzer in the whole crypto trading.
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