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Author Topic: Burning coin. Impacts on Price  (Read 3006 times)

Offline Rehan Zakir

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Burning coin. Impacts on Price
« on: April 27, 2021, 08:24:23 AM »
The purpose of burn to decrease the total supply but it must be taken from the circulating supply.
The burn must be done from the profit that already received by the company. This is what we have called that as a healthy burn. Some people may think that burn must be done from the pre-mined coin as well.
that's true but the main purpose of burn to decrease the coin on circulating supply and this will make the total supply will decrease.
Please give your comments about burning coins technique.

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Burning coin. Impacts on Price
« on: April 27, 2021, 08:24:23 AM »

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Re: Burning coin. Impacts on Price
« Reply #1 on: April 27, 2021, 09:08:40 AM »
An excellent coin burning experience can be seen at the BNB every quarter. In my opinion this is a great option and it really works.

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Re: Burning coin. Impacts on Price
« Reply #2 on: April 27, 2021, 02:56:49 PM »
If a coin has a good tokenomic there is no need for the token burn. Token burn proves that a project has unhealthy tokenomic. For instance XRP. Team still holds more than 60illion coins. This is awful. For instance, XLM did burn half of the total supply it did not affect the price that much.

But I agree, if there will be a token burn, it should be from circulating supply. Team should buy back tokens from the open market and burn them. And Binance really does this very effectively.

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Re: Burning coin. Impacts on Price
« Reply #3 on: April 27, 2021, 03:05:26 PM »
Yes, I do agree with you the burn should be from circulating supply, not from total supply but some investor doesn't understand this trick of the project and start buying the coin in hope of bull move but soon coin start move back to their lower value. For Eg. BNB is doing burning properly that's why Binance is keeps rising.

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Re: Burning coin. Impacts on Price
« Reply #4 on: April 27, 2021, 03:21:04 PM »
There are situations where the number of coins or tokens will reduce. Some projects have created rules in which a certain number will be burned, which means that they will be transferred into a wallet that cannot be recovered. Burning usually relates to operating fees.

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Re: Burning coin. Impacts on Price
« Reply #5 on: April 27, 2021, 03:38:47 PM »
Burning coin has only one one clear movies and that is by making the coins more valuable than its previous price. Of course it is not just done without timing. The team make an announcement about when it has to be done to the crypto community and create high volume.


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Re: Burning coin. Impacts on Price
« Reply #6 on: April 27, 2021, 04:31:37 PM »


Offline shadowdio

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Re: Burning coin. Impacts on Price
« Reply #7 on: April 27, 2021, 04:50:26 PM »
Of course burning coins will impact the price, it will increase for sure. If you find an announcement of the project that there will be burning token then grab the opportunity buy the coin because the price will increase but in temporary... just sell your coin right away once you earn profit.

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Re: Burning coin. Impacts on Price
« Reply #8 on: April 27, 2021, 07:52:47 PM »
Burning coins is the simplest way to reduce the supply, but sometimes it raises the issue of aggregate supply if there aren't enough tokens for everyone.
Binance is the most famous company in quarterly burning coin, which helps holders BNB to believe that BNB's price will continue to increase over time. I prefer the unlimited aggregate supply of ETH but it is true that the burning coins has made BNB's price less affected during the last correction.
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Re: Burning coin. Impacts on Price
« Reply #9 on: April 27, 2021, 08:14:11 PM »
Token burning mostly help to maintain the pruce of a coin sometimes it also helps to increase the price. If the burn is huge then we can see a big pump in the price if it was burned from the circulating supplies.But it is not necessary that burning will always increase the price but it is always good at at least maintaining the price of that coin
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Re: Burning coin. Impacts on Price
« Reply #10 on: April 27, 2021, 08:32:00 PM »
If a project were to burn coins, they would have to buy back coins that were already in circulation and burn them. That will have a good impact and prices will definitely go up. This is the perfect time to buy it and hold it for a while, wait for the price to rise and sell it when it makes a profit.
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Re: Burning coin. Impacts on Price
« Reply #11 on: April 27, 2021, 08:45:32 PM »
Coin flaring more often positively than negatively affects the price, the same Bnb tokens are flared and the price tag with each burning only gets higher each time

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Re: Burning coin. Impacts on Price
« Reply #12 on: April 27, 2021, 08:47:25 PM »
Burning of coins is a good strategy to reduce coin supply and there by create more scarcity for the coin, and this in turn makes the coin more valuable in the market, but sometimes, burning of coins don't always affect price in a positive way that much, like the last burn binance did where after burning over 600 million dollars worth of bnb coins, BNB price dropped in the market, people have grown with this mindset that any time a coin is burn, it always increases in value, NO, coins that are already very successful will hardly show any positive sign to burning though it will definitely show in the long term, but for the short term, it's not always so.
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Re: Burning coin. Impacts on Price
« Reply #13 on: April 27, 2021, 10:36:24 PM »
If the #DevelopmentTeam  burns coins from the circulating supply, then the #DevelopmentTeam  will do a buyback if they want to do that, the number of coins burned will increase the price of the coins because in theory investors will buy more coins before the coins are taken. burns, then who raises the price of the coin so that it can be up to 5x, that's how the crypto market works when information comes from a big project like BNB that will burn a coin, investors are indirectly pumping the coin price higher and we will see things like that without We have noticed that it happens over and over again because of a greater desire to own as many coins before they are burned or after they have been burned.
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Offline gunhell16

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Re: Burning coin. Impacts on Price
« Reply #14 on: April 28, 2021, 02:35:40 AM »
The purpose of burn to decrease the total supply but it must be taken from the circulating supply.
The burn must be done from the profit that already received by the company. This is what we have called that as a healthy burn. Some people may think that burn must be done from the pre-mined coin as well.
that's true but the main purpose of burn to decrease the coin on circulating supply and this will make the total supply will decrease.
Please give your comments about the burning coins technique.

You are certainly correct Sir, once there is burning to happen in the coin or any coins that means the price surely increase because the supply will reduce the demand will go up as long as the burning of the coins will move accordingly something like that. This is also one of the tools of the team in each coin in my own opinion.
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