Why is burning coins good - page 3. | Bitcointalksearch.org

fvb

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Quote from: MFahad on December 04, 2021, 06:32:13 AM

Burning is now one of the Crucial parts among all coins. I researched many coins price increase so high When burning news come out through twitter. Specially Binance and top coins price goes high with news. With burning all extra coins fund Removed permanently. Its used for decreasing the total supply.
All meme coins use this burn system to make hype in market and many coin Are success due to big burning mechanism.

For example, one of these projects decided to burn tokens immediately and not later. Based on their research, they concluded that in this way the value will increase immediately. I read the documentation and it will be interesting to see whether this solution is correct or not.

V-t.Ester

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When digital coins are burning they are completely removed from circulation. This is done to ensure the scarcity/liquidity of the coin. Thus, the number of coins decreases but the demand for the coin is still high, so the price increases. We can see how this is done correctly on the example of BNB, which is in demand by all Binance users. I've also read some years ago that BTC investors were specifically sending BTC on non valid addresses. So they were burning BTC. But now, in many cases, the burning is being used as a kind of PR for a coin/token.

kanayaTabitha

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Quote from: Kunnu on December 04, 2021, 09:20:05 AM

This is not necessary that the price will boost after burning a certain amount of tokens/coins by project developers like some fellow members said here it's all just a market strategy to create hype about the coin and I am totally agree with them although there are some quality coins for example bnb which is leaving a strong impact after burning a certain amount quarterly that's because the bnb developers have explained it with reasonable reasons long time ago but these days many developers want to burn coin without reasons because they think it will boost the price, this is absolutely a misunderstanding of them.

Yes mostly new project coins always burn their coins for price increasing, and the investors are happy with that. Burning without purpose and only for sudden price increase is really have a bad impact for the project in the long run. These kind of projects are mostly just a money game projects that the investors want to make a quick profit as well as the owner of the project.

super bako

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Quote from: Kunnu on December 04, 2021, 09:20:05 AM

This is not necessary that the price will boost after burning a certain amount of tokens/coins by project developers like some fellow members said here it's all just a market strategy to create hype about the coin and I am totally agree with them although there are some quality coins for example bnb which is leaving a strong impact after burning a certain amount quarterly that's because the bnb developers have explained it with reasonable reasons long time ago but these days many developers want to burn coin without reasons because they think it will boost the price, this is absolutely a misunderstanding of them.

Every crypto asset certainly has different characteristics and uses, friends, therefore cryptocurrencies recognize coin categorization based on their use value. However, it should be understood that crypto is an investment that offers high returns and risks. By understanding the type of investment that is chosen properly, starting from the benefits of its function, advantages to disadvantages, then you can carry out any investment more safely and comfortably.

Kunnu

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This is not necessary that the price will boost after burning a certain amount of tokens/coins by project developers like some fellow members said here it's all just a market strategy to create hype about the coin and I am totally agree with them although there are some quality coins for example bnb which is leaving a strong impact after burning a certain amount quarterly that's because the bnb developers have explained it with reasonable reasons long time ago but these days many developers want to burn coin without reasons because they think it will boost the price, this is absolutely a misunderstanding of them.

MFahad

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Burning is now one of the Crucial parts among all coins. I researched many coins price increase so high When burning news come out through twitter. Specially Binance and top coins price goes high with news. With burning all extra coins fund Removed permanently. Its used for decreasing the total supply.
All meme coins use this burn system to make hype in market and many coin Are success due to big burning mechanism.

Uang_kartal

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Activity: 378

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betfury

We know that the Burning process actually removes tokens permanently. It's not too bad if the basic/project is clear, even though it's done outside the developer's policy to withdraw to a special account, so that deflation occurs

this supports the equation even more than its position to go higher. this may be a strategy. i'm not so sure about all the hype because a price that goes up too fast will reverse to form a balanced REVERSAL. this doesn't have to happen from a bearish condition

Valak

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Burn coins permanently out of circulation, then it can increase the value of the remaining coins that are still in circulation. As people's needs increase, the supply of coins is limited so the price offered can increase to get the coins.

Kadal Ijo

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The amount of stock that is too much is suspected to be used to get maximum profit, the burning technique has proven to be effective in convincing holders so that they don't panic when they see the price drop, they will patiently wait because the dump that happened was not because of the devs. but market facts.

velive08

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Quote from: Kelvinid on November 26, 2021, 04:13:10 PM

Quote from: velive08 on November 26, 2021, 01:19:09 PM

The intention of the Burning that is carried out seems to reduce the supply of Crypto, by burning the coins will decrease in circulation, resulting in an increase in prices in the future, meaning that with the reduction of coins due to burning, it will affect the growth of its value for the better. this is the purpose of doing it.

This strategy is also very attractive to investors, however, there are some projects that do not burn their coins and yet investors are still investing. it means, the quality of the project does not base on burning its supply only, it's more on how the team will develop the project to improve, which means, we have to be careful in choosing an investment, don't invest right away if we read the words "burning of supply/coins" as it doesn't right away tells a pump of price.

yes it is true, not all coins that are burned will increase the price, for example GOMA FINANCE, some time ago I was interested in buying it because there was an announcement in the Goma telgaram group that they would burn 85% of their tokens from the supply amount. Until now, Goma Finance has not had any price increase after they burned it. sometimes strategies like this can't be trusted too

vasu091254

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Always a decrease in total supply increases the value of any coin. This is the general rule. And if those people destroy some of them, the direct response will cost someone. So when a good project destroys its own high value, its value is seen to increase dramatically. This means that when everyone destroys, their value increases. The ritual of destruction can be considered good.

indo1

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The burning of coins aims to make the assets of a project increasingly scarce. Usually because the initial total supply is too much of its use in the ecosystem then the best solution is to burn some of the total supply. Burning is very proven since long ago event burn becomes an event that is very preferred by investors and traders.

Wong Gendheng

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If the coin burning technique aims purely to reduce the stock then this is good, but we have to be careful because many projects can also increase the stock so that burning coins is useless, but in general the coin burning technique is very good for increasing investor confidence because they don't worry if the price goes up so they sell slowly so that the price of the coin continues to fall.

andeluna

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This is Good because this is just like the law of supply and demand if the developer of a coin burned certain amount of their supply it will probably decrease the supply so it will difinitely increase the value of their coin base on the money they get from the investors because for me this is the best thing to do to make the project more stable in the market and will not go to trash as other project become.

Kelvinid

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win lambo...

Quote from: velive08 on November 26, 2021, 01:19:09 PM

The intention of the Burning that is carried out seems to reduce the supply of Crypto, by burning the coins will decrease in circulation, resulting in an increase in prices in the future, meaning that with the reduction of coins due to burning, it will affect the growth of its value for the better. this is the purpose of doing it.

This strategy is also very attractive to investors, however, there are some projects that do not burn their coins and yet investors are still investing. it means, the quality of the project does not base on burning its supply only, it's more on how the team will develop the project to improve, which means, we have to be careful in choosing an investment, don't invest right away if we read the words "burning of supply/coins" as it doesn't right away tells a pump of price.

velive08

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The intention of the Burning that is carried out seems to reduce the supply of Crypto, by burning the coins will decrease in circulation, resulting in an increase in prices in the future, meaning that with the reduction of coins due to burning, it will affect the growth of its value for the better. this is the purpose of doing it.

Blowon

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Reducing the total amount of existing supply is the burn that is most favored by the community. Sending a number of tokens by dev to the dead adress. Like 0x0000. Burn in my opinion, is an event that is very liked by the community as well as traders. Very influential in the rise of the coin. Usually coins can go up more than 20% with news burn

Ngewex Yuk

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Burning is of course to match stock with demand, as we know that many projects provide large stocks up to 21 digits, and they burn more than 50%, of course this is a good thing to make prices go up and an easy way to kill zero.

jeungo

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This can be explained very easily, by burning you raise the value of the rest with the remaining liquidity. This works in projects where the emission is large, and the general group of the main holders does not give in to panic, then a lot of attention can be attracted in this way, and confidence in the project can be increased.

MIner1448

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I think such a process of "Burning" coins is an ice-cold attempt to save and without tokoo not a successful project of the developers. I don’t remember all such actions being crowned with success in any project. In general, if I hear that there is a "liquefaction" of coins, I immediately regard this project as a drowning man.

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