TRON is burning a huge amount of tokens, will the price skyrocket? Are u buying?

AlisaWhishie

member

Activity: 322

Merit: 20

Quote from: Suslived on June 28, 2018, 11:03:37 PM

You made me lol at the m-thing. Is saying moon considered bad luck now?

Sounds kinda vulgar to my mind, especially now

Quote from: Suslived on June 28, 2018, 11:03:37 PM

-snip- Real value comes from being a real product that offers a real solution for real world problems.

They are accepted now by Pornhub, isn't it a real world problem solution? Just kidding actually, but it's obvious that with the launch of their mainnet they're moving in the right direction to making their product strong and independent, hah. Though it's not a big event for the crypto community now, as far as I see, as so many projects are moving to their mainnets now. Mainnets season!

Barrueco

jr. member

Activity: 154

Merit: 1

Quote from: Dragonrage201 on June 23, 2018, 07:42:08 PM

It is a small number when compared to TRON's market cap so do not expect any skyrocket in price. In this weak market, it may not even matter.

Yea you are right. The price is still decreasing. The fall started at 5.26.2018 and still, Tron is moving in a downtrend channel. There is big support level at the 580-600. If BTC start recover, this level must keep trx

Ewox

sr. member

Activity: 812

Merit: 253

If it is dumping now, I would certainly want to buy TRON but it still depends on how much it will go down to. But I dont see the coin affected that much with the drop of bitcoins price too.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

The only thing 'burning' here is our money just by holding this in a bear market. Rofl. Cheesy

I had two chances to sell for a small profit but thought I'd go for a 'home run'. Big mistake... We're in a bear market. It would have been good if it was last year tho.

pehatas

newbie

Activity: 145

Merit: 0

TRON has very few tokens to burn, compared to the total number of tokens issued. Look at the chart yourself, it has absolutely no effect on the price.

haruna69

newbie

Activity: 80

Merit: 0

Quote from: Claudyah on June 29, 2018, 12:57:57 AM

this is the most I like digital currency that includes new but has a good price forecast for the next few years with now that is still cheap price TRON be a good alternative to invest because the price is still very cheap and have good predictions about price increases.

trx is absolutely good alt and big investor behind it, it will be on top currency in next few years, Grin

and they just bought bittorrent lately
so this project is serious things Grin

haruna69

newbie

Activity: 80

Merit: 0

it depends how btc move, even last news tron has made a good partner, but! price are only moving alittle , im getting loss cause buying when news offuture contract viral, but after that badnews come and trx dumped hard lol
got my lessons Grin

Claudyah

newbie

Activity: 252

Merit: 0

this is the most I like digital currency that includes new but has a good price forecast for the next few years with now that is still cheap price TRON be a good alternative to invest because the price is still very cheap and have good predictions about price increases.

Bharathi13

member

Activity: 368

Merit: 25

The Standard Protocol - Solving Inflation

It is not a huge amount of token tron is burning, it's only 1.52% of total cerculating supply i.e 1B infront of 65.74B total cerculating supply. Burning token is greedy and it will not affect the price of tron. If tron really want to support their their investors they should invest those token that will add value to the tron community. Even do some charity or arrange some community rewards program that will be nice.

indodaks

newbie

Activity: 84

Merit: 0

Will it make Tron to the moon? I think it's not that easy because as we already know that there are so many factors that will affect the value of a token,

Suslived

member

Activity: 252

Merit: 13

CryptoTalk.Org - Get Paid for every Post!

Quote from: AlisaWhishie on June 23, 2018, 07:18:00 PM

I'm not a huge TRON fan and supporter, and this topic is not about the technology, I just see that it may be a good time to invest in it now, so that's why I've created this thread in a Speculation section.

Along with their mainnet launch, TRON has announced burning of a huge amount of coins. This event is planned for June, 26.
And they will burn - dramatic drum roll - $50 millions worth coins!

Do you think that the price will go to the M-thing? Are you buying TRON now?

You made me lol at the m-thing. Is saying moon considered bad luck now?

In that case, i'm not so sure we will see Tron moon anytime soon. Don't get me wrong the $50 million burn is a huge event and will probably impact the value of the coin one way or another, but bottom line is that shouldn't be enough reason for it to rise in value. Real value comes from being a real product that offers a real solution for real world problems.

AlisaWhishie

member

Activity: 322

Merit: 20

Quote from: batang_bitcoin on June 28, 2018, 05:46:13 PM

One day Tron will run out of ideas on how they will hype their own token. But whatever they do price is varying and riding to bitcoin, from 1k sats >>> 600 sats that's too low now.

And there is also another news about Tron's acceptance by pornhub, so what happened? just like what happened to verge, there's nothing happened.

I think that the mainnet launch is more important than "partnership" with Pornhub (I'm not sure whether they are working together or it was the initiative of Pornhub only). Though it can broaden the community and bring new fans, users, holders. But at the same time, why would any unloyal community care, if they also accept BTC, for example.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

One day Tron will run out of ideas on how they will hype their own token. But whatever they do price is varying and riding to bitcoin, from 1k sats >>> 600 sats that's too low now.

And there is also another news about Tron's acceptance by pornhub, so what happened? just like what happened to verge, there's nothing happened.

AlisaWhishie

member

Activity: 322

Merit: 20

Quote from: pitiflin on June 25, 2018, 06:41:58 PM

Wait, isn't Tron an ERC-20 token? -snip-

It was actually, but they have moved to their own mainnet on the same day when the coins/tokens were burned. I'm not sure about all of these technical details and whether they burned it when it was a token or when it already turned into a separate coin, so that is why I used a word "coin" in a post and a "token" in a subject. I didn't mean to confuse anyone, sorry about that, haha.

leoric251

jr. member

Activity: 121

Merit: 5

Staker.network - POS Smart Contract ETH Token

What Happened to the Transition to Main Net seems like nothing happened? Will TRONs price really skyrocket?

ananas99

sr. member

Activity: 632

Merit: 250

We have to start the platform today, so let's see how strong this coin is. As they say burning it was a prelude before a big fire or so it will fade out all in a month or two.

pitiflin

hero member

Activity: 980

Merit: 507

Quote from: AlisaWhishie on June 23, 2018, 07:18:00 PM

I'm not a huge TRON fan and supporter, and this topic is not about the technology, I just see that it may be a good time to invest in it now, so that's why I've created this thread in a Speculation section.

Along with their mainnet launch, TRON has announced burning of a huge amount of coins. This event is planned for June, 26.
And they will burn - dramatic drum roll - $50 millions worth coins!

Do you think that the price will go to the M-thing? Are you buying TRON now?

Wait, isn't Tron an ERC-20 token? When someone brings up the topic about tron, I have one thing to say: Plagiarized whitepaper. I won't trust them with my money at all. That shit can go down way too easily. Hence I recommend people to stay away from it. You might get profits on few occasions, but so did bitcconnect. That shit went down, so will this. I can only tell you to be aware of it.

wumBowo

sr. member

Activity: 770

Merit: 298

tozex.io

actually wanted to bought this coin since it drops, but one thing that my all portfolio already in other coins.

Lagduf

sr. member

Activity: 1162

Merit: 260

Quote from: ThomasV80 on June 25, 2018, 06:21:37 PM

really, there is burning tron in large quantities? I think it will have an effect on the price of the tron, but it seems the moment is not good time, because the current tron burning coincides with the decline in bitcoin prices, so it does not have too much effect on the tron value.

The price is decreasing a little bit right now. that means if the burning still not yet started. I will try to speculate a little increase and it's around 10% increase in a day. With this market and it would not give a lot of impact to the price level of tron. I guess you need to be carefully before try to invest in the tron.

ThomasV80

member

Activity: 133

Merit: 10

really, there is burning tron in large quantities? I think it will have an effect on the price of the tron, but it seems the moment is not good time, because the current tron burning coincides with the decline in bitcoin prices, so it does not have too much effect on the tron value.

Topic: TRON is burning a huge amount of tokens, will the price skyrocket? Are u buying? (Read 260 times)