Will Stellar (XLM) do it again ? | Bitcointalksearch.org

Periodik

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Quote from: adroitful_one on November 05, 2019, 01:02:40 PM

I think with them burning all of those coins and then giving a bunch away it will draw more interest in the project. Whenever those XLM hit everyone's Keybase wallets, there's a lot better chance for people to hold them thinking they may eventually be worth something now. However, it will probably not be good for the price in the short term with all of the coins that will be dropping.

It has actually caused a quick pump for the price of Stellar (XLM). That was 55 billions of Stellar (XLM) burned. That was a big deal to the Stellar community and those who are observing Stellar's development. That was billions of USD burned from Stellar's wallet. That was a big step done by the Stellar team. But then after the quick pump, it was followed by a red candle immediately. Stellar has to show more than just token burning.

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When second level coin like ethereum or xrp unable to show the market presence and growth in the market. I am not sure how Stellar lumen can show the touch potential in the current competitive crypto market.

Adoption of stellar in the project alone also so will not work.

Saint-loup

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Quote from: Reatim on November 05, 2019, 09:06:35 AM

Quote from: Saint-loup on November 05, 2019, 08:08:08 AM

Quote from: Cnut237 on November 05, 2019, 03:01:43 AM

I think current price troubles are entirely to do with the wider market. Admittedly the ATHs were due in large part to wider market trends as well, so it's difficult to determine what a reasonable price might be.

But Stellar is still a great project, one of the best out there in terms of what it can do. I would be surprised if this coin is not a huge success in the long term, with a considerably higher price to match.

I don't think so, I think it's just because of the new strategy of Denelle Dixon, the new CEO of Stellar since May 1st. When Jed McCaleb was CEO, there were many airdrops to promote XLM adoption. But now Denelle Dixon wants to reduce the circulating supply obviously.

Lowering the circulating supply will help the XLM be more attractive for the investors.the more chances of growing the value since high supply means cheaper the prices.

I remember when Bullrun happens late 2017 stellar is one of those currencies that spikes really high and thought to take at least rank 1-5 nut ofcourse obviously it didn't happen.
But with the new CEO ?i think XLM has new future as well,so for the XLM supporters out there and those.planning to hold?better do it now or be late soon.

Yes it's obviously for increasing the price per XLM she did that. But I'm not sure it will be a winning strategy on the long term. Jed made Stellar famous because of all the give aways he did, now Stellar won't be able to be discovered by newbies and no coiners. It's sad because Stellar was good for all the ecosystem of the cryptocurrencies.

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Quote from: alyssa85 on November 05, 2019, 11:42:14 AM

Quote from: Coin_trader on November 04, 2019, 11:23:03 PM

Quote from: kaconk on November 04, 2019, 10:22:27 PM

Now the price $XLM has pump from $0.067 to $0.084 (+21%) after SDF announced about burn 55B XLM.
https://www.theblockcrypto.com/linked/45793/the-stellar-foundation-has-burned-over-50-of-the-total-xlm-token-supply-canceling-airdrop-programs
https://www.stellar.org/blog/sdfs-next-steps/

I think this is a desperate move by Stellar. They are really eager push the price up again to attract investors. Having a 20B supply right now is a good call for them since the current market condition is not good and having tons of supply will just make their token more useless. I'm expecting more development rather than cutting the total supply. And also more marketing to attract more users of the platform.
Mass adoption is what Stellar needs. If stellar just follows the marketing path of Ripple, They will surely surpass them since XRP is a very centralized token.

They've done it to attract attention and get into the news. And it's working in that mainstream publications are covering their coin burn:

https://www.bloomberg.com/news/articles/2018-11-20/bitcoin-rigging-criminal-probe-is-said-to-focus-on-tie-to-tether

Whether this interest can be built upon, sustained and attracts new buyers remains to be seen.

As expected for these news outlets to post up these kind of events as long these sources would able to post up something just to look themselves to be active then
they wont matter on what would be the content.Hence, they dont care on what are the current situation on projects that are currently into their news list.
As long it can dragged off readers then its already a good thing for them.About stellar then we cant completely judge if this one would able to get up or simply just stay still on where it is.

adroitful_one

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I think with them burning all of those coins and then giving a bunch away it will draw more interest in the project. Whenever those XLM hit everyone's Keybase wallets, there's a lot better chance for people to hold them thinking they may eventually be worth something now. However, it will probably not be good for the price in the short term with all of the coins that will be dropping.

alyssa85

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Quote from: Coin_trader on November 04, 2019, 11:23:03 PM

Quote from: kaconk on November 04, 2019, 10:22:27 PM

Now the price $XLM has pump from $0.067 to $0.084 (+21%) after SDF announced about burn 55B XLM.
https://www.theblockcrypto.com/linked/45793/the-stellar-foundation-has-burned-over-50-of-the-total-xlm-token-supply-canceling-airdrop-programs
https://www.stellar.org/blog/sdfs-next-steps/

I think this is a desperate move by Stellar. They are really eager push the price up again to attract investors. Having a 20B supply right now is a good call for them since the current market condition is not good and having tons of supply will just make their token more useless. I'm expecting more development rather than cutting the total supply. And also more marketing to attract more users of the platform.
Mass adoption is what Stellar needs. If stellar just follows the marketing path of Ripple, They will surely surpass them since XRP is a very centralized token.

They've done it to attract attention and get into the news. And it's working in that mainstream publications are covering their coin burn:

https://www.bloomberg.com/news/articles/2018-11-20/bitcoin-rigging-criminal-probe-is-said-to-focus-on-tie-to-tether

Whether this interest can be built upon, sustained and attracts new buyers remains to be seen.

electronicash

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decentralization doesn't seen to help stellar getting more than what its price should be, speculations don't even put them to at least $3 while XRP goes that high being centralized. i'm not sure if its a good to have burned 50B XLM coins at once. did the community knew the plans prior to the announcement that they did? if XRP breaks the ATH once again even after all these burning and XLM can't reach up to $2, development should have been the issue not about burning. adoption is always the key.

iv4n

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Quote from: bison on November 05, 2019, 09:10:41 AM

Quote from: SvonioneFromMangoCoinz on November 05, 2019, 09:02:24 AM

Quote from: Wysi on November 01, 2019, 03:25:54 PM

We have forgotten one of the preferred altcoin which is similar to Ripple otr know as decentralized version of Ripple. Stellar almost touch $1 during it's peak and again it was under $0.1 for most of the year due to bearish market and I have a strong feeling that it will again make upto $1 if things go well and looking at last three days statistic it has already showing signs of growth and back to 10th rank replacing TRON.

This may be way too early to predict but this is not a prediction it's just my thoughts.

Stellar is really making a great reputation in the crypto community as the whole dev team accepts to burn 50% of the total supply. This is really one of the great decisions that many investors appreciate.
I really like this action and it shows the legitimacy of a big business. Stellar is really promising and is likely to rise to $ 1 again as you say.

I was surprised by the decision. but the impact is really good. if you follow the development of their platform and some updates, the steps taken by the developer are very good. after several active airdrops which made the adoption and interest of the Stellar community even stronger. now burning half clearly will make XLM strengthen its price.

I didn't expect this too, but looks like cutting coins supply affected the price almost immediately. First they killed the inflation feature built into the protocol, and now this, stellar team is getting into some changes pretty serious. I have some stellars from long time ago, I think for all of us who hold stellar this is a good thing, now there are less coins in circulation. Question is will they do it again in the future? Or what is the next big thing we can expect from stellar?

bison

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Quote from: SvonioneFromMangoCoinz on November 05, 2019, 09:02:24 AM

Quote from: Wysi on November 01, 2019, 03:25:54 PM

We have forgotten one of the preferred altcoin which is similar to Ripple otr know as decentralized version of Ripple. Stellar almost touch $1 during it's peak and again it was under $0.1 for most of the year due to bearish market and I have a strong feeling that it will again make upto $1 if things go well and looking at last three days statistic it has already showing signs of growth and back to 10th rank replacing TRON.

This may be way too early to predict but this is not a prediction it's just my thoughts.

Stellar is really making a great reputation in the crypto community as the whole dev team accepts to burn 50% of the total supply. This is really one of the great decisions that many investors appreciate.
I really like this action and it shows the legitimacy of a big business. Stellar is really promising and is likely to rise to $ 1 again as you say.

I was surprised by the decision. but the impact is really good. if you follow the development of their platform and some updates, the steps taken by the developer are very good. after several active airdrops which made the adoption and interest of the Stellar community even stronger. now burning half clearly will make XLM strengthen its price.

Reatim

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Quote from: Saint-loup on November 05, 2019, 08:08:08 AM

Quote from: Cnut237 on November 05, 2019, 03:01:43 AM

I think current price troubles are entirely to do with the wider market. Admittedly the ATHs were due in large part to wider market trends as well, so it's difficult to determine what a reasonable price might be.

But Stellar is still a great project, one of the best out there in terms of what it can do. I would be surprised if this coin is not a huge success in the long term, with a considerably higher price to match.

I don't think so, I think it's just because of the new strategy of Denelle Dixon, the new CEO of Stellar since May 1st. When Jed McCaleb was CEO, there were many airdrops to promote XLM adoption. But now Denelle Dixon wants to reduce the circulating supply obviously.

Lowering the circulating supply will help the XLM be more attractive for the investors.the more chances of growing the value since high supply means cheaper the prices.

I remember when Bullrun happens late 2017 stellar is one of those currencies that spikes really high and thought to take at least rank 1-5 nut ofcourse obviously it didn't happen.
But with the new CEO ?i think XLM has new future as well,so for the XLM supporters out there and those.planning to hold?better do it now or be late soon.

rijaljun

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Quote from: Wysi on November 01, 2019, 03:25:54 PM

We have forgotten one of the preferred altcoin which is similar to Ripple otr know as decentralized version of Ripple. Stellar almost touch $1 during it's peak and again it was under $0.1 for most of the year due to bearish market and I have a strong feeling that it will again make upto $1 if things go well and looking at last three days statistic it has already showing signs of growth and back to 10th rank replacing TRON.

This may be way too early to predict but this is not a prediction it's just my thoughts.

XLM will always have its momentum.

I am very sure this coin will jump pretty high when market gains interest from investors for once again which should happen during or after bull market starts. Unfortunately, I don't see it is coming in the near future and instead of getting a jump, XLM will slightly down more cause there is an XLM airdrop held by keybase.

SvonioneFromMangoCoinz

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Quote from: Wysi on November 01, 2019, 03:25:54 PM

We have forgotten one of the preferred altcoin which is similar to Ripple otr know as decentralized version of Ripple. Stellar almost touch $1 during it's peak and again it was under $0.1 for most of the year due to bearish market and I have a strong feeling that it will again make upto $1 if things go well and looking at last three days statistic it has already showing signs of growth and back to 10th rank replacing TRON.

This may be way too early to predict but this is not a prediction it's just my thoughts.

Stellar is really making a great reputation in the crypto community as the whole dev team accepts to burn 50% of the total supply. This is really one of the great decisions that many investors appreciate.
I really like this action and it shows the legitimacy of a big business. Stellar is really promising and is likely to rise to $ 1 again as you say.

Darooghe

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I've heard many technical arguments for Stellar rising, but it doesn't work when the whole market is in a dip relativity to the last ATH or even last year. I wouldn't put too much thought into this right now but I'm still bullish enough to keep holding. there's a lot of negativity out there, and what seems to be a real conspiracy between financial institutions, governments, and even analysts to continually try to scare people and get people to avoid crypto altogether. i don't agree with those people or institutions at all, but until we see real, meaningful use of crypto as fiat alternative most of the world seems to be pushing back against crypto and continuing to drive it into the dirt.

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Quote from: Saint-loup on November 05, 2019, 08:08:08 AM

Quote from: Cnut237 on November 05, 2019, 03:01:43 AM

I think current price troubles are entirely to do with the wider market. Admittedly the ATHs were due in large part to wider market trends as well, so it's difficult to determine what a reasonable price might be.

But Stellar is still a great project, one of the best out there in terms of what it can do. I would be surprised if this coin is not a huge success in the long term, with a considerably higher price to match.

I don't think so, I think it's just because of the new strategy of Denelle Dixon, the new CEO of Stellar since May 1st. When Jed McCaleb was CEO, there were many airdrops to promote XLM adoption. But now Denelle Dixon wants to reduce the circulating supply obviously.

I think those two methods also have a big influence on XLM. they had a good role in the time they developed Stellar. their views may differ, but the impact and goals they want to achieve remain the same. or this is a new stage and well-designed strategy for the XLM market. we have seen an improving market response now.

Yaunfitda

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Quote from: Cnut237 on November 05, 2019, 03:01:43 AM

I think current price troubles are entirely to do with the wider market. Admittedly the ATHs were due in large part to wider market trends as well, so it's difficult to determine what a reasonable price might be.

It's obvious that time, every coin in the market is having a good price because of the bull run.

Quote from: Cnut237 on November 05, 2019, 03:01:43 AM

But Stellar is still a great project, one of the best out there in terms of what it can do. I would be surprised if this coin is not a huge success in the long term, with a considerably higher price to match.

If they can survived this long bearish trend, then they can still get to another all time high. The project seems very attractive, specially that they Stellar’s Foundation Just Destroyed Half the Supply of Its Lumens Cryptocurrency.

Golftech

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Quote from: Saint-loup on November 05, 2019, 08:08:08 AM

Quote from: Cnut237 on November 05, 2019, 03:01:43 AM

I think current price troubles are entirely to do with the wider market. Admittedly the ATHs were due in large part to wider market trends as well, so it's difficult to determine what a reasonable price might be.

But Stellar is still a great project, one of the best out there in terms of what it can do. I would be surprised if this coin is not a huge success in the long term, with a considerably higher price to match.

I don't think so, I think it's just because of the new strategy of Denelle Dixon, the new CEO of Stellar since May 1st. When Jed McCaleb was CEO, there were many airdrops to promote XLM adoption. But now Denelle Dixon wants to reduce the circulating supply obviously.

Another CEO and he's bringing new ideas, this current spike might start the rally of investors to this coin again. This coin is one of those project who
really work along side with many old projects that boomed while bull run is running way back 2017-18. If the team again will try to make some good updates and start working for more advertisement and awareness, who knows it will past $1 and achieved more.

Saint-loup

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Quote from: Cnut237 on November 05, 2019, 03:01:43 AM

I think current price troubles are entirely to do with the wider market. Admittedly the ATHs were due in large part to wider market trends as well, so it's difficult to determine what a reasonable price might be.

But Stellar is still a great project, one of the best out there in terms of what it can do. I would be surprised if this coin is not a huge success in the long term, with a considerably higher price to match.

I don't think so, I think it's just because of the new strategy of Denelle Dixon, the new CEO of Stellar since May 1st. When Jed McCaleb was CEO, there were many airdrops to promote XLM adoption. But now Denelle Dixon wants to reduce the circulating supply obviously.

Cnut237

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I think current price troubles are entirely to do with the wider market. Admittedly the ATHs were due in large part to wider market trends as well, so it's difficult to determine what a reasonable price might be.

But Stellar is still a great project, one of the best out there in terms of what it can do. I would be surprised if this coin is not a huge success in the long term, with a considerably higher price to match.

Saint-loup

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Quote from: Coin_trader on November 04, 2019, 11:23:03 PM

I think this is a desperate move by Stellar. They are really eager push the price up again to attract investors. Having a 20B supply right now is a good call for them since the current market condition is not good and having tons of supply will just make their token more useless. I'm expecting more development rather than cutting the total supply. And also more marketing to attract more users of the platform.
Mass adoption is what Stellar needs. If stellar just follows the marketing path of Ripple, They will surely surpass them since XRP is a very centralized token.

Yes I agree with you, the Stellar Development Foundation is just trying to attract investors by doing maths, not by being creative.
I'm not sure, this kind of purely financial strategy will work for very longtime.

https://www.stellar.org/blog/sdfs-next-steps/

BTW the've also disabled inflation last month.
https://www.stellar.org/blog/our-proposal-to-disable-inflation

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Quote from: ajiz138 on November 02, 2019, 12:10:22 AM

I like this XLM coin too. XLM fees are very cheap and are often used for Arbitage. in early January 2018 did want to touch $ 1 but could only be priced at $ 0.93 because of the massive bitcoin dump and all altcoins dropped dramatically, including XLM. For now, XLM is still suitable for long-term or Midterm investment. Many of my profits have been generated when investing in XLM. I am sure XLM will rise again when the BTC sideway and dominance decline.

Usually they walk in a couple with XRP, so it’s possible soon and XRP will soar too. But judging by the movement of bitcoin, this growth can change dramatically to fall.

Topic: Will Stellar (XLM) do it again ? (Read 520 times)