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BOOM is a new type of utility token with a self-destructing mechanism, based on Ethereum smart contract. They’re now listed as the project with the highest market value among all deflationary tokens on etherscan https://etherscan.io/tokens/label/deflationary-token

BOOM project is a social experiment, aiming at exploring the market influence of an extremely deflationary cryptocurrency, and it will validate the effect of BOOM token as a hedge against the rapid inflation in token ecosystem.

The origin of BOOM is simple, once users transfer BOOM to others, 1% of the total transfer amount is automatically destroyed at the same time. The initial total supply of BOOM is 1 billion. The supply will decrease due to transactions, and no new BOOM will be issued then.

The destruction of BOOM token will run automatically on chain, written in Ethereum smart contract. No one can interfere.

When taking insight into bitcoin and litecoin supply halving history, you can find that destroying the liquidity can cause positive market expectations, and may cause a value increase. Now Boom provides a whole new supply curve, which is much more radical. It is a direct reduction in supply of token.

As users increase and BOOM circulation speeds up, destruction of BOOM will also accelerate. Once a user buys BOOM, he/she can only sell 99% to others, so the ‘Price Increase’ Expectation will be there naturally. That situation makes users prefer to hodl, if the pump is not big enough.

Boom website: https://www.boomtoken.io/

Coinmarketcap Statistics: https://coinmarketcap.com/currencies/boom/

Trade at Bitmart: https://www.bitmart.com/trade/en?symbol=BOOM_BTC

so this means there will be a day when all BOOM tokens will be burned and there will be no more BOOM. We have to consume all BOOM tokens prior to that date. Its like pass a pillow game, you need to throw pillow to someone other before the music stops. Let me know if I got it correct.

reducing the supply by doing a burning action is good enough to increase the demands
but seems there is no significant impact on price in this burning action my friend, i hope the dev team always active to develop this token
anyway good luck for you with BOOM
regards

So it do burn out automatically 1% on the entire transaction? This would just lead for its investors/users to hold the token instead on making out transaction
since they do know that it would surely decrease out their entire port if they do such thing so theres no circulation. This is somewhat new to me but that burning
of token scenario wont really give out changes in terms of price if the demand isnt really that high.Also this one is also using up eth platform and just like any
other erc20 shit tokens out there then this one is no different, there might be other features but this one doesnt really give out something new.

Thank you for kind words.
You can see statistics of BOOM at coinmarketcap (https://coinmarketcap.com/currencies/boom/). I personally think that these stats are not that bad, keeping in view the competitive altcoin market.
Every coin has a day and BOOM day is yet to come.

This means that the receiver gets the amount he received with a cut already of 1% of total amount? I don't think that seems to be a good idea that they are burning tokens at the expense of the receiver. If they have made 1 billion supply and has the plan to burn many of it in the long run, why didn't they just made it low supply?

I don't think that's an interesting stats at all.

Looks like another BOMB Token to me, deflation can actually drive price but is this all that this token can offer? No real use case than battling inflation with deflation? Anyway goodluck, i will just pass by 🏃🏃🏃

Aside the social experimental and self burning features. Is there any others potential BOOM have? I checked the project which the OP claim to be utility and i see that it was listed on 12 exchange site with no good liquidity

That's definitely what he means and I'm surprised what the project is thinking before implementing such protocol which will reduce the quantity of token send to receiver instead of burning token from the total supply.

https://i.imgur.com/qIh4yVb.jpg

I don't see the sense of having that kind of protocol and passing the burden and consensus of that token to the users. Do the developers think that people like this kind of system, I don't think that they would love to pay that much for burning those tokens.
They should have thought of it that burden shouldn't be passed on the receivers, it's better if they have been burning the fees if ever there is a fee for each transaction.

Sir if you remember nobody likes the idea of bitcoin in 2009. It took quite a while before people start accepting this bitcoin.
Give some time to deflationary tokens like BOOM, I am sure people will like this idea.

It's not nobody likes the idea but the idea isn't known and common that's why most people were not aware of the launching and they just chose to ignore it. But to say and compare that in today's time with the consensus algorithm that you are introducing, I think it's inappropriate. The idea that bitcoin has brought is entirely different from the burning idea of this coin that you have brought. It's your choice and I can't stop thinking about that, we're in a free community.

Burning out is a trap used by devs to trigger hype among investors by showcasing like lesser circulating supply.

I understand that this boom token will get burnt at 1% of transacting amount every time I make a transaction (please correct me if I am wrong). So, devs will not make any transaction so that they will not lose 1% on every transaction they are going to make. Or they will make daily 1000s of fake transactions to burn quickly so that they will keep attracting new investors. Both the cases are not good for a token economy nor for a project.

Because, they must focus on project development and must develop a real world applications to have real supporters for their project. This will definitely help in increasing value for their tokens. Instead of that, lazy devs will go for burning their own creations; definitely not sounding like a good deed.

Burning is somewhat similar to scamming. Do not fall for this.

Actually all those tokens that has a strategy of burning is now mostly a dying in value right?and this is not a proof that
after there is a burning happen meaning it will increase
the price because this is just a strategy uses by scammers to make the investors believe of their good intention but in
the end?lol nothings happen to favor the people.


Absolutely and of course people now are aware of this style and i believe that there will no investors to enter this just
because of these promises.

I think it's not appropriate to call a legitimate project a scam. The token clearly says it will burn the token, the one who is still interested should participate others should pass by. But calling it altogether a scam is baseless thing. The scam is something that does, what it's not offering.

Deflationary tokens are a new idea and gaining lots of attention from crypto investors. There are many such tokens in the market, I have gathered a few BOOM in my list. Invest in such tokens for short term don't HODL them. Thats my strategy so far for deflationary tokens.

So far the token is doing good on exchange. I do agree that these coins are for short term investment but those who wanna take the risk, should accumulate these tokens. I am sure their price will go up with time. Rest DYOR before investing.

What you saying is your own personal guess. We cant say with certainty that deflationary tokens won't go up, just because of current market trend. You can see market stats of BOOM on CMC https://coinmarketcap.com/currencies/boom/

I have seen now all kinds of token burning models. Used to be a simple buy back burn from the project developers,,, now it is a transaction burning automation, and now this is self-burning smart contract. But reducing supply does not help price if in the first place there is no utility right?

The fact that there are so many scam projects used the deflationary idea and i rarely seen a project that based on deflationary became a successful project. It has been a year sincet the appearance of deflationary tokens

This is an interesting system that is owned by BOOM, but the problem is that if every transfer to another user is done continuously there will be automatic destruction of BOOM. with a supply of 1 billion, can it meet market demand if users continue to increase?

If the demand or users continue to increase then it would automatically presumed out that the price will surely

increase and if we do talk about simple economics then demand would be the main factor for the price to go up.

The disadvantage of this one is that this will really stop people on making up transactions.So whats the point?


You got it right! It will always depend into its actual usage and not really just focusing on how their supply would be lessen out.

If we do try to look up in most project that doesnt have any buybacks or burning etc... they do still able to get some value

because they do actually have that actual usage.

@crypto_geek55, your deflationary token can be compare with what happened to bitcoin then (year 2009) cause people dont like the idea of bitcoin then because they are not properly aware of it theory and i was once among those kind of people but, that change after i study and read the concept BTC.
The reason why people don't take the token concept serious is because we already have more than enough tokens/coins with different protocol why would an investor choose a token which 1 of his token will be burn whenever he received transactions. Mind you, 95% of every investors are after profit not lost.

It can be the same idea from "proof-of-burn- but the different both of them when "proof-of-burn" the user burns the token for getting a hash power for their mining purpose when this token was used other people token to burned on the smart contract. IMO still can be a problem for the user who their amount token got burned, cause they are not getting anything from the burn. The burn should be from the fee not from the total amount use they send, a lot of people will be lost for this.

If you look at there site they have already explained the working of BOOM. So anyone participating in BOOM transaction has a prior idea of that. Anyone who don't like the idea can quite before any transaction takes place.

You are right, the crypto market is saturated but the beauty of the crypto market is that it always welcomes new ideas. Everyday we saw new coins with new concepts among them one is deflationary tokens. BOOM is attracting 50k to 100k USD of daily volume, which clearly shows that investors have faith in this coin.

Deflationary tokens are a good choice for daily and short term traders. So far I got good returns from deflationary tokens. BOOM is in my portfolio for quite some time, I am waiting for it to go further up. Wish me luck.

Demand will increase if the Token is legit and has a true products ,But like those shit projects now?burning tokens are only a strategy to attract investors but the truth?there will be no increase in price because they will run eventually.

Yeah for those who only wanted to make a Pump and Dump in prices,those traders that taking chances to be a 1 day millionaire ,But in the end?most of their trials comes to failure lol.

Stop believing in this kind of projects because this is just another scam attempt to fool people inside crypto.

If there will be no strong use case in the market, the burning strategy will not work in the long run. So give it few more months to 1 year and you will see the true nature of the project. Is this the first self-burning crypto based on smart contract? I don't think so.

Crypto market is an extensive setting and every new ideas are welcome but speaking on daily volume of $50K to 100K range, the last time i checked the token never cliched daily volume of $100K. Besides, the market manipulation activities done by some project owner, only newbies will rely only on crypto daily trade volume to choose his investment without putting into consideration the utility level, liquidity, community support level etc.

Just seems like a copycat of Bomb, not going for this one  ::)

What if users did not increase? what is the chance of a price to increase if no transaction happens? I have seen too many deflationary tokens and each of them vanish after some months, Im quite curious what developers are trying to prove with this kind of social experiment? So far I only see one deflationary token that has a purpose the "sta"   https://www.coingecko.com/en/coins/statera#markets

Well, there are many if and else in crypto industry and we can't say anything with authority until its proved. My take on deflationary tokens is that they have a great future and it will take some time for these tokens to get accepted by masses.

You got some point though but you cant really blame out people on why they can do make some presumptions into this kind of tokens which is deflationary.

Can you elaborate or do give out on why you do see these things have great future?  It doesnt really give out something which would the masses support.

Time will tell if this one would able to emerge or would automatically submerge.

This is the most outrageous things i have heard, i have heard about coins being burned but self burning cryptocurrency, seriously do we need that  ;D. What if all my investment goes boom since it is a self burning cryptocurrency. Good luck with the adaption explaining about your coin and it would like to see how far it will go.

Any plans to list on popular exchanges.

Is there something new about this? what is the usecase? If a project doesn't have this for sure it is just a pump and dump token and people will just get rekt if they are planning a long term investment, maybe a quick profit will do however it is not the case, in this times, we need someone that will last.

I do agree that everyone has his own right to say and invest in any crypto of his choice. Deflationary coins are interesting in my opinion, as they are rolling out a new concept. BOOM is a legitimate project since it's on too many exchanges. 

I just there site https://www.boomtoken.io/ , really the coin is on few top exchanges. No doubt about the legitimacy of the project.

We just have to wait and see how it goes in the long run, till then start accumulating few of them.

I don't see the reason why I need this token because it is not valuable enough to serve as money, I know some people would say what about Bitcoin but Bitcoin is not pre-mined and you need huge energy to create it unlike this, the only sellin gpoint is burning part, there is no token in the space that has not been burnt mistakenly, some people have lost BTC. Just tell me what give this tokens value

It seems that deflationary tokens like BOOM will find a huge challenge from the crypto community. If dev of BOOM is reading this then he should do something to soften the image of BOOM in the heart of the crypto community. 

I don't think there is something dev needs to do about this token. They created the coin with feature that it will go down in numbers with every transaction that's why its called deflationary tokens.

I like the deflationary Idea as I am also invested in another deflationary coin but it may take time for this one to catch on as the volume is very low on the few exchanges it is listed. Of course every project needs a lot of hard work to get off the ground and a big community to rally behind it, so I will do more research and due diligence on this project and see if it is worth a small punt or not. Sometimes it's these quiet sleeper coins that you see suddenly take off and do a 10 x just like that. I will check it out further for sure.

I agree with you and since you are senior member your remarks have lots of weight. We usually are reluctant to buy coins when they are down and only buy them when they start there bull run, that's not a wise move. We must buy coins when they are down.

Although everyone has its own opinion about the deflationary tokens but its true fact that sleeping coins can go up at any time. BOOM seems to be another sleeping coin since this coin has not seen any rally so far.

Is BOOM really sleeping? And in what way are they sleeping?
I am just thinking if deflationary tokens are still in vogue because when tokens are burnt these days, there usually seems to be no effect and no meaningful impact. I think a well

maybe sleep for long time my friend
because the volume is only $24,671 USD and thats not good for any kind of cryptocurrency including boom as theFirst Self-Burning Cryptocurrency Based on Smart Contract buddy

Its because BOOM is new token and alt coins are not very much bullish these days. I think these statistics are satisfactory keeping in view the other altcoins.

I don't think daily volume is an indicator of a good altcoin. We have seen many altcoins going up that slept for years. In fact there is no indicator for any altcoin that suggests it will go up. Just invest in BOOM if you enjoy taking the risk.

You cant just tell people to invest into something which doesnt really have that much of potential.Im not saying this one doesnt have but i dont see that this
coin or project do something better compared to others. Yes, it do self-destruct then whats next? It do only lessen up the entire supply but whats
about real life actual usage? This surely wont fit out.

What does this coin offer in the market apart from self burning itself because am sure there are more coins with consensus properties and what have you to decide to implement various strategies by their community. What am trying to point out is this burning is not a new thing or changer, Boom need more tech persusiasion to gain market

After I learned about BOOM tokens, it turns out that this token really does have the ability of a self-destructing mechanism.
This is very unique, logically the number will continue to decrease when each transaction occurs using BOOM. Of course this
makes the demand for BOOM tokens increase, it should make BOOM prices also go up. What happened wasn't like that. BOOM
prices are still stable. Maybe it should be helped with promotions, so that the number of BOOM holders continues to increase.

Yes, I think with time as BOOM reaches out to more audience there is fair chance that its price will go up. Its price is stable is also an indication that it's stable and standing firmly.

In my view the BOOM has been fairly advertised, see it already on too many decent exchanges and has a decent turn around as shown by statistics on CMC. All altcoins are down and there is a chance that this coin may perform well in coming altcoin season. 

The whole system of token burn is to create hype in the market. There are already a lot of projects that have the same token burn model. So what's special about this project? Why would investors be interested in investing?

If you burn tokens, the market price will increase. This model has become very old, now it does not affect the market price like before.

This is not new way back on year 2017, one project came up with this idea called equal you can find it here, https://etherscan.io/token/0x47dd62d4d075dead71d0e00299fc56a2d747bebb but I guess they have swapped over to binance chain and after they launch their own wallet I never heard updates from them. Boom is obviously have better volume but the question is apart from this self burning feature they have nothing to offer, no better purpose.

Doesn't seem like that of a great idea to be honest. It has been tested before with a coin that had its own blockchain. Checkout slimcoin.
The concept is surely interesting but ultimately having a token that thrives on the destruction of currency isn't that great of an idea if you ever intend your coin to receive actual usage and become a medium of exchange.

A coin that burns itself is not retaining the basic features of money. As outlined below:
https://static.seekingalpha.com/uploads/2011/9/26/saupload_picture_4.png
Smart contract or not, a self-burning cryptocurrency would be worse off than alternatives, and that's because of burning. IMO its more of an anti-feature other than a feature.

I think the concerns of investors regarding this project are mostly because it's new and hasn't been tested yet. I like the idea as its very different from what other coins are offering right now. Even BTC will stop generating new coins.

In a volatile crypto environment everything is possible. See the example of Bitcoin SV from nowhere it emerged and now is in top ten cryptos. Likewise BOOM can explode at any time, do proper research before making any decision. It may take you to the moon.

BOOM statistics are volatile and I like that. On one day its has daily volume of 10K USD while on other day it has volume of 20K USD. It surely is trying to break the resistance.

These coins have started a big debate among crypto enthusiastic. The beauty of crypto industry is that it never stops amusing us from new ideas and concepts. BOOM is just another just concept, that has started debate of whether the deflation concept is more powerful then controlled inflation.

Deflationary coins like BOOM are bringing the concept of decrease in supply which is very much opposite to BTC concept of controlled supply. The controlled supply was a big hit and hopes are that deflation concept will also be a success.

If you check details of BOOM on site https://www.boomtoken.io/ then you can see that not many coins are getting burned. Only 1% are burned with each transaction, so I think it will take years before we see depletion in amount of BOOM.

They do have an Airdrop recently and the coin is already on so many exchange. Is there anyone who has tried that worthy Airdrop or we all just ignored this like we do with rest of worthy coins.

With every transaction 1% coins are burning. It will be interesting to see when we have 50% of BOOM tokens burned and we are left with 50%, it will be just like bitcoin halving but in reverse direction. Will defiantly be exiting.

Current market is not good for alt coins and we have to wait for arrival of alt coin seasons. Those who can buy and HODL altcoins at current price will be able to gain maximum profit during alt coin season. So its your choice to either buy or curse altcoins right now.

They have only one unique feature which is decrease in number of tokens. They are ideal coins for short term trading or holding. I think buying these coins at current price wont have much risk and its good to grab BOOM at current price.

The concept of deflationary token is new and that's why people are asking too many questions about it and that's natural. It will be matter of time, we will see in few days to come how BOOM and other deflationary tokens are behaving. So far BOOM is doing good on exchange.

There are too many coins of different categories and choosing the one for investment is difficult. BOOM aka the deflationary is a coin for investment for long term. Buy now and HODL. There supply is gradually decreasing and time will come when we have there demand surpassing the one is existing.

There are few deflationary coins prior to BOOM that have performed very well. BOOM is yet to take off and is waiting for his turn. Rule of crypto is that those who buy at DIP and HODL are the winners.

Boom as written in subject of this post is "First Self-Burning Cryptocurrency Based on Smart Contract", so we have reduction of coins with time. This model hasn't been tested yet and I love to see outcome of this model. If BOOM is able to make any significant impact then already existing deflationary coins will also be benefited. All eyes are on BOOM.   

Very rear understand the real purpose of deflationary tokens. People think that they will be totally burned down the next morning. In reality they are very different. Deflationary tokens are rolled out to create scarcity with time which will in turn result in price hype. If you want to get benefit from deflationary tokens buy and HODL them for long term.

There is no guarantee that these self burning coins will succeed in the long run. Usually most of the investors are looking at these market to invest and make money in the short run rather than holding for the long term unless it is a top coin in the market.

I just looked at the ROI and it is also burning down at negative at -88.90% and it is not promising.

It is true that BOOM token has advantages of self-burning crypto that other coins may not have. But if its coins burnt just a little,
I think it has little effect on the BOOM token price. Therefore, we can see the demand for BOOM tokens The low one. In fact, the
performance of BOOM tokens this year is very poor when compared to DeFi tokens which are more profitable.

I think if BOOM price is down and out of sight from investors than its a good time to consider this coin for investment. Every sleeping coin has a day and I am pretty sure that investors are slowly buying this coin for bullish run.

I think no one can predict how any token will behave in days to come. Best we can do is buy a coin when its down and out, and HODL. If one think that BOOM is good for future then dont miss this opportunity of accumulating BOOM.

No one ever predicted that 0 dollar bitcoin will ever be of 19k$. Sop following predictions and do some research,  Self-Burning Cryptocurrency or deflationary coins are new in the market and I think they are serving very well the purpose for which they were created. Its good to accumulate them for future investment. 

The scarcity created in total supply of BOOM coin will be the main factor that can take it to moon someday. To me its a sleeping coin that can explode any day just like other altcoins explosions of the past.

BOOM has edge over other deflationary token that its development team has work hard to introduce it to main stream crypto world. That's why we are seeing BOOM on so many exchanges. This is very important, if team is strongly backing up project there are fair chances that token will go up.

Good thing about crypto market is that it never sleeps, projects and trading volume keeps coming all the time. BOOM is a new edition to the list. The idea of self burning looks attractive to many while some may not like it all but one thing is clear that these self-burning cryptos are not coming slow. Mark me words.

BOOM and other deflationary tokens are burning token every now and then. This will create deficiency of BOOM tokens in coming days. Those who have BOOM in future will definatly be benefited because of shortage of coins but for that you need to buy it now. Its right time to make your decision about MASS.

Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.

  As you say KenCryptos, for people who like to trade can use this coin for short-term investments, but people like I am are looking
for the long-term investments.
   When something is first it can draw attention, I like the headline and probably will check more about this project and to see
is there something for me, can it be good long-term investment or it is and will stay pump and dump coin.

Actually these posts have 2 points. First, BOOM is doing good on exchanges while second point is DYOR before investing in any coin.
BOOM is a good addition and its slowly but steadily sailing in the market which is clear indication that its not a pump and dump.

Deflationary Tokens are good for both long and short term investment. In short term you can exit after seeing your target price, while you will be real winner if you wait for few more years as price of Deflationary Token like MASS is still to reach its ATH. I am sure they will go up in days to come.

If you see BOOM its not making wild swings not its totally dead. That's a good sigh for a mature token i.e. attracting a decent volume per day. I think there is constant buying from few big whales and it can explode any time.

In coming days people interest will shift from BTC , ethereum to other cryptos. BOOM and other deflationary tokens are ready to grab that interest shift. Only wise investors can foresee this thing.

if the progress of the coin is only able to survive and fall Burning is an alternative way to make coin rise without doing the Burning system, investors will just leave this usually happens on old coins, I saw Burning happen to BNB and a positive impact is seen BNB prices are pretty good from before

Burning of coin will create deficiency and that deficiency will eventually result in rise in price of the token. Th only thing BOOM and other such token dev team need to do is pay attention on development of token. Future looks to me bright for such tokens.

Burning will really give out that kind of possibility but not as severe as this where it do burns where transaction do happen? Supply would really be lessen up but do you really think that it would be preferred by the masses
specially for long term?

I do see this kind of concept to be exaggerated. Burning on an unnecessary manner which doesnt really signify from time to time about price increase because it will always vary on the community support on the end of the line.

So i dont see for such potential for this to be considered.

in my opinion burnning is very suitable to increase the price of a coin because the circulation of coins in the market will be a little  This method is very powerful and many projects do it because many investors prefer to invest in coins which has a low total supply

I like the idea of self-burning cryptocurrency which should be able to make the BOOM price even higher. But in fact
the BOOM volume is up to now very low, which means that not many investors are interested in investing in the BOOM token.
That's why I thought of don't buy BOOM for now, because it is very risky to invest in a project like BOOM. Although in
fact no one can be sure in the future of BOOM, there is a possibility that in the future the BOOM price can be pumped.
But there is nothing wrong with us being wiser in choosing tokens for investment. And it must be admitted that based on
the results of research and analysis, BOOM is not a profitable token.

If you look at volume and price of BOOM its defiantly down but not NIL. https://coinmarketcap.com/currencies/boom/
If you think the project has the potential to go up then dont wait for price and volume to go up. You may buy it now at low price and sell when it goes up.

We this happening with BTC halving, price always goes up after every halving. Same is the criteria in BOOM and other popular deflationary tokens. As long as you are controlling the supply, defiantly you can control the price.

If you browse the site of BOOM token you wont see much advertisement of any sort there message is very clear i.e. we have a token that is decreasing in quantity if you are interested please buy it. I really appreciate that they are very clear in there vision.

We need to think out of the box to understand the concept of BOOM. Its something similar to what satoshi proposed in 2008 but in a different way. One thing is clear that BOOM and other deflationary tokens are here to stay and they have proved it over the years.

If you see price and daily volume of this coin then its clearly evident that BOOM is very much volatile and this volatility will help BOOM in getting huge price swings most probably in upward direction. All we need is buy BOOM and keep calm.

So whenever we do a transfer there is a BOOM token burning and quantity goes down in number. Token burning is not huge in number but it will defiantly help in controlling the supply of tokens. Its safe to bet on BOOM but it will take time.

Do you really believe that?

Yes, I have done some research and thats why I am firm believe in deflationary tokens. May be I will be like the one who invested in btc in 2009-10. Lets just wait and see.

It is risk worth taking to invest in BOOM, since price of BTC and other top currencies have gone so high that we have to look for alternative and deflationary is getting attraction of more and more investors these days. As its evident from the market cap of BOOM and other deflationary tokens.

I think we need to wait and see How the project develops, but actually I really like the idea of deflationary coins. It would be nice for states to accept a national cryptocurrency that is not subject to inflation and has a self-immolation function. A currency deficit would only raise the value of people's savings.

The idea of deflation of coins is good cause it will help the coin to gain huge demand and limited supply each time a single transaction is perform but the way this coin deflation will occur seems ridiculous cause alot of people will want to choose it as a means to receive payment.
Ddal3, could you be more specific what you mean when you said smart contract is burning crypto with every transaction.

One way or another, a self-igniting coin has every chance of success, but why invent a wheel if a bicycle already exists? In other words, if a coin can have a specific maximum amount, such as BTC, then this already suggests that inflation is out of the question.

Thats correct. We need to give deflationary coins some time and see its behavior in days to come. BTC also took a while to fly. If govt start adopting the concept of deflation then fiat currencies will also go up in value.

BOOM and other alike deflationary tokens are facing positive criticism, which every new coin has to face. Dev team need to address all concerns of investors if they really want to see BOOM adopted by massive people.

IIRC this BOOM token / deflationary coins is already been out there few years ago. They already have enough time for an experiment to get the result, So far there is still 970M Boom available in circulation which means only are interested on this kind of coin because its promise nothing besides burning the supply every transaction which will be good for mass adoption. This kind of experiment goal to know whether people will bite this kind gimmick to attract investors or not.

I just have a point that BTC is only about digital payment system with no other use case still it made itself the ruler of crypto market.
There are many coins that have attractive use cases but fail to get to mainstream adoption. Deflationary coins doesn't have other use case doesn't mean that they cant qualify for mainstream adoption.

We learn from crypto that controlling inflation increases the value of asset. BTC success lies in the fact that it has controlled inflation. likewise these deflationary tokens are bringing the concept of token burning which is also a step in increasing the price of token.

The token unmistakably says it will consume the token, the person who is as yet intrigued ought to take an interest others should cruise by. Yet, calling it by and large a trick is ridiculous thing. each undertaking needs a great deal of difficult work to get off the ground and a major network to revitalize behind it, so I will accomplish more exploration and due tirelessness on this task and check whether it merits a little punt or not. This strategy is ground-breaking and numerous tasks do it in light of the fact that numerous financial specialists like to put resources into coins which has a low all out flexibly.

Its best strategy to do proper research and explore it before you come up with any conclusion. The only thing deflation coins missing right now is use cases. If in coming days we have use cases of these deflation coins then who knows they may land on moon.

BOOM really has a pretty good mechanism but it has a huge weakness that traders / holders have to suffer a disadvantage.
As far as I understand the BOOM mechanism, A transfers 100 BOOM to B and B just receives 99 BOOM, 1 BOOM will be automatically destroyed.
In terms of physical value, B has lost 1 BOOM and if the price of BOOM does not increase, then B is considered to have lost. According to the current BOOM price chart, it is falling down and trading always leads to losses!
That is the reason why BOOM has a good mechanism but certainly cannot attract many investors to them. I think the team should have a marketing campaign and create a strategy to keep prices for BOOM so that the project can be successful.

This would simply lead for its speculators/clients to hold the token rather on making out exchange since they do realize that it would doubtlessly diminish out their whole port in the event that they do such thing so there's no dissemination. I believe it's unseemly. The possibility that bitcoin has brought is altogether unique in relation to the consuming thought of this coin that you have brought.

I believe it's improper. The possibility that bitcoin has brought is totally unique in relation to the consuming thought of this coin that you have brought. I love to see result of this model. In the event that BOOM can have any critical effect, at that point previously existing deflationary coins will likewise be profited.

Very well explained. B will be in total loss if price does'nt go up. This is what crypto is all about, you have to take risk to get some big hits.

what about A ? A send BOOM to B because A is also a holder of BOOM and if BOOM doesnt increase A will also suffer from loss and its loss can be higher than B because A is a hodler of BOOM but why will the BOOM will decrease when it always burns its supply everytime a transaction was done , i thought token burning can lead ro the increase in the price  . what about the fee when we send BOOM , is there a seperate fee from the sender if yes then both the sender and the reciever are going to loose some coin .

If BOOM goes up then both A and B will be at loss and vice versa. There are fair chances that BOOM price will go up with time as supply will decrease and as per supply/demand relation price will go up. But for that BOOM team has to work hard to make it to top 100.

Coin succeess largely depends on how large its community is. If BOOM wants to make it to mainstream adoption then they should focus on building a community, there daily volume is good and should go up from here on.
 

The concept is very interesting. Its in early stages and we need to see what its team is doing for the enhancement of token. Boom is doing good on exchanges and I am interested in learning what there team is doing. Can admin post something about that.

The idea to reduce the supply will only be fruitful in the long run if BOOM has a huge community of investors thats backing the coin. I am interested in seeing the community developed by this project so far.

Only burning the token wont make you a successful coin. BOOM need to come up with a strong utility also. Unless I cant buy a cup of coffee with BOOM I wont think of buying this coin. Many like me are waiting to see when BOOM come up with some such use case.

the whole concept is to reduce the supply of coins in circulation and someone has to lose in this process either its A or B. But if its a hit project then loses bear by A and B are far less then price gain.

Burning the coins will defiantly reduce the coin in circulation but this will only increase price of BOOM if they were in top 100 coins or in other word the coin has some value otherwise reduce in supply wont be of much use. In a year or two things will be more clear.

One need to be careful while he invest in any new coin.  BOOM is doing good on exchanges and listed on many exchanges. So it passes one filter of being a coin for HODLing. After this bullish season is over we may see people coming and investing in this coin.

BOOM is a social experiment which aims to explore the market influence of an extremely deflationary cryptocurrency. There are many questions being asked by crypto community about these coins and BOOM team has a very short time to answer these questions.

Having listed on several exchange or does have pairs doesnt signify that theyre already considered good.
Take a look on where this BOOM listed out and the volume of exchanges where its been listed.

MXC.COM   24 hours volume - $6,290
BitMart    24 hours volume- $2,392
CITEX $0.234757

Do these figures are quite appealing? This coin in no doubt will die soon.I have checked out on what this coin is all about.
I do observe that it do really decreases out when people do make out transactions.Basing of on entire supply
then it might take a while for it to be scarce but with this kind of concept then you would really be expecting for
people to hold.
 

My question is, why using burn concept ? Why not incentivize the network or redistributed it to holder. Burn concept is not always the best way to lift the price up. If tou want to scale up you need a lot of coin. Instead burning it better to incentivize the holder.

If you look at statistics of BOOM at CMC https://coinmarketcap.com/currencies/boom/ , in last 24 hours BOOM volume was $10,936.95 USD while on previous day it was around 6k USD. These stats are not bad for a coin thats in its early stages of launch. Give boom some time before we make some final conclusion about this coin.

So, one day all the boom will be burned and we will have no Boom? Or am i wrong lol?

The token obviously says it will consume the token, the person who is as yet intrigued ought to partake others should cruise by. Be that as it may, calling it by and large a trick is outlandish thing. The individuals who can purchase and HODL altcoins at momentum cost will have the option to pick up most extreme benefit during alt coin season.

The reduction in supply always lead to more increase in price, that's the main idea of Burning a token. Also, most projects have different forms of token burning, wherein a purchase in their product leads to token burn, at the long run reducing the supply, in the case of others,  the team will set out a time to buy back and burn their token. Nevertheless, what I have come to understand is, without no good use case, without appropriate working product token burning is just waste of time, at least there are many project in that category, that no matter how much of their token the team burn, the price is still struggling.
However, my humble opinion is, the team should put in more effort towards adding value to their products such that, the token burn will lead to more increase in price.

Until now there team must have got this message that if they want to get success in the long run then they must introduce some kind of utility to there token. Utility along with deflation will be a great combination.

The idea is great, perhaps its one of the important factor of economy i.e. decrease in supply results in increase in price. BOOM need to work a little hard to establish its price first before it supply goes down to significant level.

Crypto never stops coming up with innovations and new ideas. Security token, stable coins or deflationary tokens are all part of crypto innovations. We dont know what else is coming in crypto but so far its a journey full of success for all these tokens.

I am a bit surprised that why these deflationary coins are not able to join current bull run. There time is still to come and they are still undervalued in terms of price. Investing your spare money in these deflationary coins wont be that much risky.

Many people want coins that have real world use cases or in other words they have some sort of utility. BOOM along with other coins is badly missing this point. The team should focus on this aspect ASAP.

If all this project have to offer is the self destructiveness then it's not a reliable crypto project, this isn't the first time I will see a project with such use case, this shouldn't be called a real use case but a feature, any project that depends on such will never be successful

Its too early to say whether deflationary coins will fail or successful in the long run. They are very new in the market compared to other coins. There use case is yet to come and once they announce any utility associated with each project we can then evaluate these coins.

Still no sign of bullish trend seen in BOOM trajectory. I dont know why this volatile token is not joining the bullish run. Some expert many throw light on this aspect please?

There is one to one relationship b/w supply and demand. BOOM has addressed one aspect i.e. supply. In order to make it a successful coin it should also have huge demand. Else BOOM token will keep on burning with time and nothing will happen to price.

Lot of debate is going on about BOOM and other deflationary coins value. Its true that right now these deflationary coins have no value because there is no real world use case associated with these coins. If they can introduce some use cases with coin then there is fair chance that these coins can go up.

boom is already listed on bitmart exchange and it has a value around 0.0000000541 btc or 0.00174USD .

booms use case is both for paying and investing , both because you need to use it for paying first for its ability to trigger ( the self burn ) and once it triggers its value can increase .

the more paying transaction you do the more the token increases and if its value rises thats the time we can hold it for investment cases but boom is also an experimental token , if this token suceeds or if it has some failure they can re-create and improve this again

That's a great explanation, I appreciate that. The self burning of BOOM has already burned a lot of BOOM tokens and if this continuous soon we have scarcity of BOOM tokens. You are right if BOOM is able to generate good business then team come up with new version.

Deflationary coins launched right now will cease to exists roughly by 2035 to 2040. Buying right now and HODLing for long term is best option in my opinion. Even if value goes down in future margin of loss is very low. DYOR before making any decision. 

Deflationary coins are good for long term investment, like if you have a cash that you don't require for next 4 to 5 years better to invest few of that in deflationary coins. There is a bright chance that these coins will perform good as there supply will depreciate with time.

There is much debate going on about new coins like defi, deflationary etc. ASAIK, every new coin has to answer tough questions asked by crypto community and only that coin survives that answers all questins of the community. Time is ticking for all new coins.

and I think its the right time to invest in BOOM as price is very very low and as you pointed its already on so many exchanges including bitmart. The irony of crypto market is that we call a token scam when its price is low and start buying it when price goes up.

BOOM is following the burn token approach to lessen the supply of coins in circulation and that's the only use case which I see apart from payment system. In current bull run many sleeping coins are also getting huge push, may be there is a day for BOOM also.

deflationary token like boom are very hard to understand. you really have to spend hours first in getting the point of there creations and then you can do research of whether to invest in it or not. i am 50/50 about buying them.

BOOM is still sleeping and price is still very very down. The way sleeping coins are going up everyday, who knows BOOM may also go up one day. DYOR before doing any such move.

One last thing to say is that the way crypto market is taking turns there might be soon a day for deflationary coins. There is no projected price for BOOM so far but who knows it may go and touch 1$.

I am not impressed with performance of this coin on CMC. So far there isn't much activity going on in BOOM. Can some expert shed light on why not many are trading or HODLing this coin?

Elon musk is after doge and everyone is buying doge for no reason other then the fact that Elon say it's going to 1$. Those who buy Boom should ask Jack Ma to advice people to buy Boom. That's one way Boom can go up.

i have few BOOM in wallet but surprisingly this coin is not participating in current bull run. I wonder if it didnt run now how it will behave in upcoming bearish trend. Fingers crossed.

Every coin has its day. If BOOM is not going up right now this does not means that it wont up in future too. Just buy this and HODL, BOOM is yet to take its first massive jump, buy it before it takes that.

Seeing the debate going on about BOOM and other deflationary coins one thing is evident that people are taking interest in this sector and sooner or later we will see price hike in BOOM.

You need to be careful while giving such statement and must share strong proof of this fact that BOOM price will be going up in near future. Only discussion cant be a factor of price hike.

Alt coins have also gone up because of btc bull run. Not many are left behind at investors rate. If you are planning to buy something for next coming BULL run then invest in BOOM, you will thank me later.

If you looking for quick return then BOOM is not for you. Its time to buy BOOM and forget until BOOM gives you its own call to sell it. Cant wait for a while then don't jump into this business.

Seeing the current bullish run where many sleeping alt coins are awaking every day, you never know what will be the day of your coin. Just HODL, dont sell at loss.

BOOM supply will continue to go down with time before it cease to exists. Can someone tell me with current pace ho much more time we have before supply goes to zero?

It will take at-least 40 to 50 years to completely eliminate any deflationary token from circulation. So if you are buying with intention of long term investment then go ahead, there isn't much risk involved in buying it.

First rule of crypto is patience, if you buy any token be it BOOM or any other token with intention that it will be at moon very next day or month you are in wrong industry. Buy when it time to buy and sell when its time to sell.

Stop looking at price of other coins that are going up and start comparing deflationary tokens with them. Have your own investment plan and follow it for success.

Dont invest if you want your coin to be on moon the net day. Try to learn fundamentals of the coin in which you are investing. There is no short cut. invest and be patient.

What drives the price of coin is the community behind the project. The founders/developers should pay attention in developing the community for BOOM. Every successful project has one thing in common aka strong and huge community.

This project is already almost dead but still breathing just like those altcoins in the market which is the price is almost on the floor.
When it comes to success then it will always vary on the project relevance or actual utility even though developers arent really that active
but as long theres a huge community whom do support it behind then you can really tell that this one is a good one.

I would say its not dead rather a sleeping coin. We never know when a sleeping coin wakes up and go to moon. Buy the coin at right time i.e. when its price is down but we prefer to buy a coin when it is at its peak.

The sleep is getting longer and longer. Any idea when we see BOOM in green and crossing its ATH ? Eye brows are rising because BOOM is unable to perform even in this bull run.

Despite all odds, according to CMC its 24hrs volume is around 0.5 million USD which in my opinion is impressive. You can say its a dead coin as its still attracting a huge turn out.

The principle on which the foundation of BOOM and other deflationary coin stands is that the supply will go with time. I have a question, will this lessening of coin supply also effect my BOOM tokens that are sleeping in my wallets? If that's the case, its very bad for long term hodlers.

Why this token is still silent? Despite so many bulls in current market , we haven't saw any price increase in BOOM. Is this waiting for something else to happen. Statistics are satisfactory for this coin, i have bought few BOOMs and waiting for its bull run.

It's a good way to raise the tokens value if it actually  has users but other than the token burn this coin has nothing else to offer besides the self distract!

And coming back to the token burns, is the any possibility that all coins could be burnt??
Isn't obvious?? People invest in coins that can grow naturally because they are created to solve a problem but with Boom you buy the token and wait for the token burn to happen,it this not hilarious :)

That's very much true that BOOM is launched with max supply and this supply will go down with time as coins are getting burned. In crypto you cant say a coin is dead unless its a scam. BOOM is sleeping but we cant say its dead and cant perform.

There are many coins turning to be shit coins despite the fact that they solve many problems and have use cases. In crypto its very important that you must have a team that backs the project all the time and fix bugs/problems with time. If BOOM has a team to do this job, it can defiantly go up in future.

Those who are worried about bull run of BOOM must understand that every coin has a day, its not necessary that since all coins are in green then BOOM must also be in green. It may be that momentum is building for a bull run that may start any time.

BOOM please start making some noise now or it will be too late. As investors are loosing there patience. Whole market is in red but BOOM is showing no sign of bull run. Can someone tell why it is so?

BOOM is interesting in a sense that its simple to understand and focuses on one goal that is decreasing the supply of coin with time. Its on too many exchanges some are renowned, I am very sure that this coin has a day which is yet to come.

Its not the end of crypto, if BOOM is not running in current bull run that doesnt mean its end of BOOM. See doge coin for instance, anybody idea how long it took doge to move it to current rank? just stay patient.

BOOM is there around for few years but its price is continuously going down despite the fact that its on so many exchanges and active project campaign. The only thing that is left is decrease in coin supply. We have to wait to see that.

In crypto nothing comes so easily, you have to invest and wait. See many altcoins are now flying now after years of bearish trend. just buy your coin when its down and out and HODL.

but today i saw Boom price increase more than 400% mate,,
seems something big coming to boom now

https://i.imgur.com/eE8x9Iw.png

Wow, thats amazing. Its ATH for BOOM and another opportunity missed. Thanks to members of this platform who keep on going us there shitty knowledge that such coin can't go up.

BOOM is now booming and those who bought it at right time are now having party. Every coin has a day and BOOM confirm this theory. Its up by 400% and it proves the fact that it has way more to go.

Ah you mean we missed another opportunity. Is it still worthy to buy BOOM at this price or its a gone opportunity?
In current volatility its not clear what to buy and what not to buy.

You can buy any legitimate token that is available at discounted rate. DYOR and don't follow advice of other. If you keep on following other people advice then you will keep on losing such opportunities.

Deflationary tokens are good but you need to be careful while playing with them. BOOM has gone up by 400% in one day and it might remain bearish for many days to come. You need to be wise in order to carefully chose the time for investment.

But this is clear indication of the fact that its not a shit coin rather a sleeping coin. When it woke, it roar hard. Wait for BOOM to come to its previous price and buy for long term HODL.

If the transaction is local on the exchange, isnt it will not trigger any burn function on the smart cointract?
I dont think this kind of burn mechanism can work...

Thats really a nice observation and we must wait and see for the answer. I dont think if there is an internal transfer on exchnage of BOOM then it can have any impact on smart contract. But again, there dev team can answer that well.

Deflationary there will be mechanism to burn tokens with every transaction on enlisted exchange. Majority of transactions are on exchanges, so it will be useless if they don't have any mechanism for exchanges.

No its not, its only burn 1% on percentage. I dont think this would impact much to the price, its just like 1% transaction fee that goes to burning address.
Also, how the market deciding the price if all of the people hold the tokens.

AFAIK, every transaction will also burn some of BOOM token and thats the only way to introduce deflation i.e. decrease in supply of BOOM tokens. As token supply will go down, we will see increase in price of tokens.

Seems like Boom is again going in sleep mode after having a fantastic bullish season. I will wait for more dip and buy this for long time HODL. It has gone up by 400% this time, who knows 1000% times next time.

Its not that easy to invest and earn from crypto and BOOM proved that thing. You need to be vigilant to see which coin is going up and which is going down. Those who picked right time for investing in BOOM are the ultimate winners.

Boom is not the only meme coin that has a self burning mechanism I came across 100x coins recently and I was amazed to see how the coin Auto burn mechanism also, any time a transaction is made a percentage will be a burn from that transaction and this is a good way to keep the supply reduction and price increase because of scarcity in the long run.

Yes there are tons of such coins but main point is that BOOM is standing out since its giving huge return to its investors already. Recent bull run is over and we may see new bull run in near future. I will buy BOOM as soon as it reaches its previous price for long term hodling.

Boom is already on too many exchanges and if it can hit some top exchnage like binance/bitrex then its price will go up as supply will go down. Just buy this and hold. Its a sleeping coin.

Bitcoin is still standing firmly above 30k$. Who knows BTC may have another bullish run and alt coins like BOOM may have another bullish run once again.

These coins start with huge supply and it takes quite a while before supply goes to a certain level that price start going up. You need to have patience if you want to see there moonshot, they want be going up too quickly.

It went up to 400% in one single day. Wake me up when this happens next time. Such coins goes up only once and never again. Be aware of them.

BOOM has no doubt proved the fact that its a good coin and can be used to HODL for long term investment. Burning of token will decrease supply and will increase price. If they incorporate a good use case with this coin then price will go up.

BOOM has performed exceptionally good in latest bull run and chances are that in coming bull run BOOM may start its moon short. I have few BOOM in my list. Figures crossed.

BOOM is slowly and gradually coming to its previous price before we saw 400% spike in price. I will wait for a more dip before I jump in. it will surely sleep for a while but will jump up, no one knows when it will jump up. Lets just buy and HODL.

If I go through BOOM website all i came to know is that its a coin that burns itself every time a transaction is made and its listed on so many exchanges. Simple to understand concept.

Dont expect anything from BOOM in near future as it has already its moon short for this year. Now you can buy for long term hodling as next moon short seems not possible this year.

In Zig Zag crypto market you cant say when any coin go up or down. I am buying BOOM for next bull run as price of this coin is reasonably low.

just a news: BTC has crossed 40k barrier and is again going up. chances are that alt coins or defi coins like BOOM may also join the party. dyor before jumping into any coin but its a good chance.

It's likely to be a BOOM in the near future because today BTC was approaching $45K even though it hasn't arrived yet, but if the market can always be more stable for BTC price increases, then altcoins will also experience the same thing with a few percent increase in the market.

Thats right. BTC right now is touching 46k$. And its rule of thumb that alt coins move with BTC. We saw one day jump of BOOM was also associated with BTC price. Lets wait and see.

Seems like BTC is getting unstoppable again. And if BTC reaches 60k again, chances are that alt coins may join in and have there moon shots. Try to invest in genuine coins.

This project is pretty good, I joined the airdrop and parted early with this project. Quite regret selling it at a cheap price. Maybe I'm just not patient enough in a bear market.I am very happy that this project has the current market capitalization. Hopefully the project can develop other new things. If the project puts BOOM tokens into DEFI, their value can increase dramatically because of the token burning mechanism in each transaction.

SPIKES are still coming in upward direction in this token. See BOOM price chart for last 7 days, jumped from 0.006$ to 0.008$ in a day. This spike was way less then what appears few months back. Clearly this coin has something for its investors.

BOOM was previously trading on 0.001$ to 0.002$ but now its price was stable around 0.006$. This clearly shows progress made by this coin over the period of time. I think its price is still very reasonable for buying.

If we continue to see such spikes of BOOM, I may predict that BOOM may reach 1$ some day. Its volume is good and attracting some decent investment.     

Brace yourself, bitcoin is touching 50k and it is very much in cards that coins like boom can join in and enjoy the ride. Those who are willing to take risk may jump in.

In crypto that's the real catch i.e. when to buy and when to sell. Nonetheless its still not too late to buy this coin. I feel that not much risk is involved in buying this coin at current  price. Rest dyor before making any decision.

The concept of boom is clear i.e. burn token with each transaction and reduce supply this way. Soon there will be reduction in circulating supply of coins and chances are price will go up. I think they can better do this project if they do add some use case with it.

In general it's very good, but if the fans for Boom don't increase, then the burning will have no effect at all, so the addition of these fans also needs to be thoroughly analyzed because if there are more fans, the volume will also increase.

If you see price chart of BOOM for last six months, its clear that BOOM is no more a sleeping coin but an active coin. Its price is gradually increasing. Its still good to buy BOOM in my opinion, since the price is very low and chances of this coin going up are very active. 

BOOM is a good option for long term investment and if there dev team can modify the project by adding some use cases to it, that will help the project in getting more investment. Lets see whether they modify it or go with same one.

I am not a big fan of deflationary coins but if you see stats of this coin aka BOOM then alone as deflationary token this coin has made huge progress in term of its price and enlistment on so many different exchanges. Whether we like it or not, its also clear that BOOM is no more just a sleeping coin since it has given good return. One thing which is missing is addition of some use case with this token. Once we have that, it will be a big success. 

BOOM is intriguing in that it is simple to comprehend and focuses on a single goal: to reduce the number of coins over time. It's on too many exchanges, some of which are well-known, and I'm confident that this coin will see its day.

Just like Apple is focusing on its single mobile phone product aka iphone, likewise BOOM has only one feature that is to reduce supply of coins over time. Once they establish there product on good exchanges, they will see the moon as soon as supply started to decline considerably.

If you see price of BOOM its way more good then many other deflationary tokens. There are two positive spikes recently that has taken MASS to moon. If you are not looking for long term investment then MASS is good fr short term also.

We are seeing again a dip and chances are that majority of alt coins will take a dip along with BTC. Its good to see whats safe price to buy BOOM and keep it in your portfolio.
DYOR if you really wanna do this. My analysis is based only on recent price variation of BOOM.

Deflationary coins start with huge supply of coins and it will take lot of time to decrease there supply to level where they demand will surpass the supply.
But why there price will increase? There must be some strong reason for this. Not because they are lesser in number will increase there price. The team behind deflationary will have to think about it.

And now the average Altcoin has started to increase again in a few percent where it happens simultaneously with the increase in BTC as well, but whether the next decline will also occur again in the market later, I also don't know, because many predictions are now wrong from what what some people say.

There are alt coins like Eth, LTC etc that are directly linked with BTC price volatility. When BTC goes up they also go up and down accordingly. But if see sleeping coins like BOOM, they have there spike once in a while during BTC bull run. Its wise to keep them in your list and more wisely buy them at right price.   

BOOM price is stable after its recent bull run. I guess its now a bit late to buy BOOM now, prime time to buy this coin has gone. You need to extra careful and vigilant to buy a coin.

I dont think there is much risk in buying BOOM right now. See the price chart and volume. Though volume is low these days we expect more volume and capital coming in near future. seeing its behaviour, its expected that we will see few more spikes.

Boom team should start effort to list this coin on some reputable exchnage like Binance or Bitrex. Since such moves can clearly increase its value and more when we see decline in supply.

BOOM is booming and its evident from its price chart of last 6 months. In crypto there is nothing predictable, if a coin has good dev team and its having decent volume then it can see moon shot very often.

Even if this coin is booming we need to remain well aware of such coins. As they can go down at any time and whole investment can go down instantly. So investment should be done with huge care.

Although there is no hard and fast rule that says that since deflationary coin has performed good in the past, it will continue to do same in future. Many coins came up because of artificial pumping and are dumped soon after that. We need to be very careful about such coins, exit when you got profit is best strategy for such coins. Dont sit in for long.

No pain, no gain. If you wanna play safe then crypto is not for you. right time to invest in any coin is when its in its initial stages and not much is known about the project. You have to dig deep at that moment, once its listed on exchnage then its price is rocketed.

If you see price of BOOM its continuously going down since it bull run in which BOOM went up 400% in one single day. It may go up again but not very soon. So anyone buying it now must keep this in mind that he has to HODL that for long time.

As I said if you wanna play safe then crypto is not for you. In crypto there is nothing certain you have to take risk to get huge profits. Price of BOOM is too low and not much risk is involved right now. So this is the time to buy it. If you wait you will miss the opportunity.

BOOM price has gone up considerably but it looks like its not able to capitalize on it. The price is continuously going down after the two spikes seen in recent months. BTC is going up again, hopes are that BOOM may also go up.

We are heading towards another bull run and chances are that BTC may go up again. Price of coins like BOOM are only linked with BTC since they dont have any use case. Chances are that we may see another bull run from coins like BOOM.

If you think deflationary coins can only go up by burning the coin then you are at mistake. That's new idea and to be successful they need to add some kind of real world usage also. Like deflationary coin must solve some problem. Then there is chance that they may go up.

Reduced supply always leads to more price increases, that's the main idea of Burning tokens. Also, most projects have a different form of token burning, wherein the purchase of their product leads to token burning, in the long run reducing the supply, in the case of others, the team will set a time to buy back and burn their tokens. However, my humble opinion is, the team should put more effort into adding value to their product so, token burning will lead to more price hikes.

Cant agree more. Token burning alone cant take deflationary tokens to moon. There must be something affiliated with these deflationary tokens that will attract interest of the crypto community. If there isnt any community behind the deflationary token then who will buy and sell, supply will remain unchanged.  

there is lots of debate going on about the future of deflationary coins but one thing is very clear now after seeing the behavior of BOOM that deflationary tokens are here to stay. Its better to keep an eye on them to book your future profit.

We cant say this with certainty. If you see price chart of BOOM on CMC then its evident that there are only two spikes in last 3 months and since then price is continuously going down. You may invest some of your money in deflationary coins like BOOM but there are visible chances that your investment may hang up for a long time. DYOR before u make any decision.

We must buy a coin when it's at its bottom not at its peak but sadly we do reverse. That's y majority end up in loss. If you have faith in BOOM then its the time to accumulate boom rather then waiting for its ATH.

Whats important is that everyone of us keep an eye on crypto market? Coins like BOOM and alike will defiantly go up in price once or twice more in coming bull run. If you buy at this price then chances of getting huge profit are good enough.

Deflationary coins have created huge hype because of there decreasing supply but whats important to understand is that how there supply will go down at first place? To decrease there supply of coin they need to have huge volume and that can be only possible if coin has some real world use. Nobody will come and invest if the coin is only about burning the supply with every transaction.

BOOM is good for those who can wait for few months for good return. Its totally for trading purpose and it has the potential to quickly go up at any time. You just need to catch that moment and best way is to buy it when its sleeping.

BOOM price is still very low and it will take years before its price may go up and touch some reasonable values. I don't think buying such coins have any use when we have so much valuable coins revolving in the market.

There are a lots of self burning coins in the market so there should be something spectacular about this coin. It sounds like a good project and I'm going to have e a second thought about it. I know it will take enough time for this coin to burn finish but more value will still be added to it.

I am looking for BOOM price to go down to level of 0.001$. I am planning to keep it in my portfolio for long term. I am pretty sure more spikes will come in near future for BOOM. Lets see whether it keeps on going down or go up.

There are many things lined up in crypto market and choosing which one is legitimate is quite difficult at times. Seeing the price and volume of BOOM I am sure it has a hiding potential that can take him to moon in coming days. Now its upto us whether we take risk or stand still waiting for him to go to moon before we buy.

Prices go up and down. There is no coin that goes up word only. BOOM right now is on decline since its not yet an established alt coin but still its stats are way good then average alt coins. If you wanna invest in any alt coin then choose the best price to buy (the bottom one).

The self burning concept is native to almost all deflationary coins these days. Can someone highlight when we will see there supply going down to level of surpassing the demand. Thats the point before wh we need to buy them.

If you see price pattern of BOOM then it has improved quite a lot in the recent bull run. It's on downside right now but that's ok since coin price has to take correction after a bull run. In my opinion if you want to invest in BOOM then wait for a few more dip, there are very bright chances that this will go up in coming days. 

So much has been discussed about deflationary coin till now but I wasn't able to see any deflationary coin that has taken any good value. They are all either underdevelopment or have very low price. It has been discussed so many times that these coin will go up only if they add some real world use case with them. Else it will be just another loser coin.

I have a question in my mind, how token burning will occur if coins are on some centralized exchnage like Binance. Since we know that exchanges have there own mechanism and coins there are not on blockchain. If someone can explain this.

BTC has touched its new ATH and now declining. But BOOM doesn't made any significant moment. Seems like in this bull run alt coins are not moving. But that doesn't mean BOOM cant move. Keep in your portfolio and fingures crossed.

You need to buy BOOM and stop looking at its price on a daily basis. It will take some time before its price will take on some good value. If you are short-term trader then you may find a spike one day to get your desired profit.

Although BTC is standing above 60k and it seems like its steady around 50k. But this bull run has only taken top Alt coins to there ATH, we haven't seen any significant move in alt coins like BOOM. So BOOM holders should not lose heart they just need to hodl for a while. It will defiantly go up.

The most important point of BOOM is that it stable and not collapsed since its launched. Its still maintaining a very decent market cap and daily volume. It can be kept in portfolio but only if you are are long term HODler.

Those who keep an eye on coinmarketcap daily have idea that how slowly alt coins are moving. Just top alt coins are moving with BTC rest coins like BOOM are no where in the race. Having said that its a good time to grab coins that are available at discounted rates.

Every coin has a day and same holds true for deflationary coins. But I have noticed that in current bull run there is not much moment in deflationary coins. May be they are waiting for desired no of coins to come into circulation after burning. So we have to wait for a while to see them in action.

You are very much right. If we do analysis of BOOM price chart there are couple of spikes but overall its going down or one may say its stable. So its a coin for long term investment, I dont think it will be effected by current bull run.

BOOM and other deflationary coins are very new to crypto market and that's why they are getting more and more attention. Its trend of crypto market that whatever new comes in the crypto market, its welcomed by all and with time people lose interest. Wait for few months before we can come up with some real verdict about deflationary coins.

We cant blindly invest in a coin just because of speculation that it will go down in supply and that's the primary reason for its price hike. There are many other facts that must be taken into consideration for that. Primary reason for price hike is that what real world use cases a coin has? BOOM has answered that question till date?

I dont know how the code was written but what are the chances of making sure that all coins wont be burnt in the process and was this the best option to have value addition to a crypto project? To be honest I see a project creating value out of nothing without having real demand, this will be a case of artificial demand for the BOOM project which will be over valued for its potential investors in the future.

Not sure about the cycle burns whether they take place after several years or not but the price will certainly go up very fast!

The coins will be burned after every transaction, I think its interesting. We are still seeing quite good spikes in BOOM and chances are that with time we will see more of such spikes. The only thing I cant figure out is how they can burn tokens with coin moment on exchnage.

Adding value to coin is most important thing investors ask these days. I haven't heard anything regarding adding use case to the BOOM coin. Chances are that with time we see some news regarding that so far its a dry period.

If you see price curve of BOOM then there are few big spikes that lasted 24 hours only. So if you have this coin then you need to watch market all the time and sell as soon as there is spike. BTC is bullish, so I am very much sure that BOOM will jump up with that. Other then that it will take time to go up.

I am accumulating BOOM for future, to me its a safe bet. I don't invest all my money in BOOM but whatever I have invested in BOOM, I have already recovered that with profit. DYOR before you invest in BOOM or anyother coin. But I suggest to do some serious research on BOOM.

Its right time to look for coins that are undervalued, I dont think BTC is a right choice for buying at this moment since its at its ATH. Best choice is alt coins that have good cap and volume but low in prcie. Be careful, dont buy shtcoins in this search. BOOM is also a good option at current price but its a long term investment.

I think this coin has not performed well in current bull run, means that it hasn't taken advantage of Bitcoin ATH. If it hasn't gone up in current bull run then there are very few chicanes that this coin will go up once the bull run is over. One need to be very careful while investing in this coin. Still there is no harm in keeping boom in your profile if you are long term investor.

Crypto market is uncertain and we don't know when it will fall or go up. 2 days back btc was 68k and today its 59k, all altcoins are also down because of this. Those coins who are not affected because of this bull run and also not affected because of this collapse. So thats why I see Boom a safe asset to buy.

Boom team need to work hard to bring some real world use cases with it, other wise in the long run Boom wont be successful just in terms of token burning. Also we need to know how this token burning will occur once the coin is off chain like if they are on some exchange then how can this token burning process will take place?

If you and me are thinking about the aspect of adding value to the coin then I am sure the team was also taking about this aspect. The point is right now deflationary coins are getting volume just on the concept of reduced supply thats why we are not seeing any use case associated with these tokens. With time when people wont invest just on these reduced supply concept we will see some use case.

BOOM has hardly paid any attention to current Bitcoin dip which means that it has the potential to withstand the bearish crypto market. Not many alt coins have this capability. But one thing is not good, which is BOOM is continuously going down in value despite bitcoin ATH. Its a kind of gamble to invest in BOOM, you win you win big.

Its burning token on transaction's what's new in it ?

You got it so right. Till now its just about burning token on every transaction. There isn't any-other thing associated with this coin right now. The dev team must roll out some utility associated with this token very soon, so that this coin doesnt dry out. These days investors are very picky about there coins.

Correct if the dev team of BOOM realizes this fact that they can succeed with only adding utility to this token and soon they realizes the better it will get for the project. Its becoming very difficult these days to get success only on token burning.

There are some coins which have zero effect in whole bull run of this year. With only few spikes I guess BOOM fails to utilize this opportunity and bring some positive change in its price. Lets see whether it continuous this behavior or it joins the party. Most important thing for any coin is its price stability and BOOM has that thing.

May be the team is accessing how much they should invest in making this token a utility token. If you look at stats of this coin, they are satisfactory. You can say BOOM is surviving in the crypto market, its no more a dead coin. So its better to add some utility to this token so more investor jump into it and make it a successful one.

They are wasting vital time by not issuing any vital utility associated with there tokens. If you dont do any effort timely, your competitors will grab the opportunity and had there position secured. I dont know why they are delaying this or whether they are planning to do that or not. If they are thinking about the later option they are making big mistake. 

Every idea in crypto market faces too much resistance in the start and same is happening with deflationary tokens. Remember what happens with BTC in its early days but that does'nt mean its an end. The team need to keep there nerves strong and face every situation with patience. BOOM so far has done good, may be one day we see BOOM as top gainers.

Just like p2p cash transfer coins, many deflationary coins are also in circulation. Some are doing good while some are average and remaining are dead. I think BOOM belongs to average class of deflationary tokens that is here to stay. But its also just doing average business and dont think that it will go massively up in near future.

If you see its daily volume then its around 50k USD, which is not bad for a coin of BOOM type. Positive thing is this coin is still surviving in this volatile crypto market. If this coin keep hmself alive like that then there are chances that one day it may have moon shot. Already there are some good spikes in BOOM price.

Price of BOOM is not showing satisfactory pattern. If you see its one year pattern of price then its continuously going down, there are few spikes though but since then its a dry period for BOOM. We need to see whether this coin can show any positive behavior in this bull run or not. If it cant go up right now, it will stay down after this bull run.

Spare some cash for coins that are  still at discounted price. Seems like BTC is going down so we will see alt coins bleeding heavily with that dip. Try to buy your alt coin at that time. I have some cash reserve for BOOM but will but it at my target price not at current price. I am hopeful I will see my price very soon.

Let this coin sink a bit more, the way its going definatly it will go more down and try to buy this coin at its price before the bull run. Crypto is all about buying the right coin, at right time and at right price. So dont make panic just wait until you see your target price. You will learn something new with this experience.

Market is taking correction and alts are also going down with BTC. But good or bad thing about boom is that its not affected by price volatility. Seems its like a gambling, you buy BOOM and then keep on waiting for it to go up. You need to be lucky to buy at right time else you have to wait a lot to get your money back.

The whole market is taking a break as BTC is taking a dip, I guess its the right time to buy any coin of your choice. But if you are planning to invest in defi coins of type BOOM then you have to keep in mind that they are not going to be affected by Bull nor bearish market. Its a long term investment and we have to wait for the return.

The only thing associated with BOOM is token burning till date which means coin will go down in strength with every new transaction. Though it sounds tempting, but decrease in strength will increase demand only if token has some sort of utility. As long as we dont see any utility, I dont think price will go up.

Whales have the capability to do anything and do they nasty things that can pump a coin. See BOOM daily volume is around 50k most of the time. But when BOOM hits its ATH on 9 May 2021 its 24 hrs volume was over 3 million USD. It was clearly pumping because no feature was added to BOOM but it still got its moon shot.

Seems like bitcoin is taking break and it will be for a while. Keep your cash ready for investing in coin of your choice. Current price of BOOM is good, as there isnt much risk involved. But dont expect uick return from BOOM, it will be a long term investment and you have to wait for indefinite period for the profit.

BOOM is such a huge project but still its twitter page is silent for months. That may be one reason why this coin is not making progress in terms of price rise. In crypto world, social media are main source from where traders seek info and every coin keep its social media active. Can OP tell why you are not active there?

Not to forget this coin is on few popular exchanges also like MXC and bitmart. I have a question, if a transaction takes place at exchange then BOOM blockchain is capable of detecting that transaction and burning BOOM token as a result? If the answer to this is YES then how many months or years will take to down the supply of BOOM tokens.

Of course it will be. If thats not the case then P2P transactions will takes ages before suppl will go down. Primary reason for introducing BOOM to so many exchanges is that more and more coins are burn and supply will go down, so demand will go up. I dont think anyone can tell how many days it will take to decrease the supply.

Market is going down slowly but steadily. We dont know whether its correction or 2018 like dumping. There is fear at this point, but thats the point for which Buffet said "buy when everyone fears to buy". These is still trading going on, while many are selling there coins at loss and same are bought by someone else. What about BOOM? is it safe to buy this coin?

Market is again taking a turn but this time in up word direction. I dont think this bull run will have any effect on price of tokens like BOOM, they will take some time before coming up. In fact there price hike in linked with there deflation that is in turn linked with burning of token with every transaction. so it will take time.

If you see daily volume of BOOM then its very much clear that its not dead. Even with this down word price trend its having trading volume of 50k USD per day. If activity remains like that very soon is supply will go down and we see bullish trend in BOOM.

With NFTs and Metaverse getting too much popularity and attention I don't think Deflationary Coins will get a fame in near future. If you have some spare cash and want to invest some part of it in BOOM then right now its price is ideal for buying. If you see historic price chart of BOOM, it has few spikes. If you buy it now you may be able to sell it in upcoming spike. DYOR before making any decision.

Yes that will a good approach and best if you are looking for long term investment. BOOM may not go up in coming days and your investment may hang up for a while there. But I dont think there is any loss in buying BOOM at current price. Rest DYOR before making any decision.

Invest only if you are looking for long term investment. I don't think deflationary tokens will go up in price in short duration of time. There biggest problem is that they start with huge supply of coins and will take considerable time before there supply will go down. Check exchange and see whats current supply of coin before you make investment. 

There is no one in crypto market who can predict the future with accuracy. You have to take risk its really that simple. Take risk either you win or learn something. BOOM has seen few peaks in recent months who knows there is new waiting tomorrow.

Market is bearish so we need to be prepared for this bearish trend. BOOM is down and out these days but that doesn't mean it will be down for ever, If you are a long term investor then this is the time to buy BOOM.

You need to be careful if you are investing in BOOM, as its price is very much down these days. Seeing the bearish crypto market I am sure prices will remain down for quite sometimes. Better for few more decrease in price.

Nobody knows the reason but its very much clear that BOOM is not going to take any boom in upward direction, its price is going only down. May be it goes up if suply of BOOM tokens goes down but it will take time.

you are right there is no point in buying BOOM for short term investment. its a coin for long term investment, those who can wait to get profit should only buy it. BTC is going down so its better to be careful

Investment id always for long term, if you want gurantee profit then buy coins when they are at there dip and HODL. Stop chasing coins that are on there ATH or at some peak value.

this makes some sense. unfortunately we buy coins when they are on top of there values rather then buying them when they are at the low. same is happening right now with mass. I can guarantee you we will be discussing buying this coin as soon as it start getting up.

Everyone knows that the market is in a state of rest right now, so I think it's good to focus on high-cap coins because they have a good chance of going higher in the future, this BOOM is a low-cap coin so I really doubt if this coin can grow when the market will improve again in the future. for a while I personally am reluctant to make purchases of coins that have very low ratings on CMC.

There is no doubt that crypto market is taking break right now and we have no idea how low this market will go and also for how long. This also gives us opportunity to buy our favorite coins at discounted price. The best season to buy any coin is when its very much down in value and thats what BOOM is right now.

I think right now it's not only BOOM that has decreased and there are many other coins experiencing the same thing and there are still many coins that deserve and deserve to be bought besides BOOM, I personally currently prefer coins that have high capitalization to invest in the future , because it has a great opportunity to grow higher, BOOM does have a good movement but I highly doubt its growth in the future, because it does not have strong fundamentals in the market.

The coin still has trading volume of over 50k per day which is very much decent. There is no way we can certain in crypto market that which coin will go up in coming days, even boom has few good spikes in recent bull run which gave good return to its investors. who knows when we have next spike?

I don't know why this coin has market cap of 80k on daily basis. Its price is continuously going down but still there is a community that is continuously investing in this coin. We cant say this coin is dead yet since this is a lot of activity.

The answer to your question lies in your own script. Since the coin is having a decent volume on daily basis that means it has a community backing it. Deflationary projects are created to burn the token and reduce the supply. Decent volume means there is adequate token burning on daily basis which will decrease the supply.

One thing BOOM or other deflationary token may introduce in there ecosystem to increase investment is to increase the token burning rate. By doing so token supply will go down quickly and we will check behavior of this token.

Those who are worried about BOOM price must sell there holdings and try to invest in some other coins, as it will take some time before this coin will get up. BOOM has given very good return to its investors and it will bounce back again in future. Lets see how long it will take from here on.

Despite the bearish crypto market there are continuously spikes coming in BOOM price. I am pretty sure this coin is active and very soon it has some bull run coming. All we need is to remain focus and buy this coin on dip.

Why taking the risk man when who crypto is on sale, you can get any top alt coin at price of your choice. So better go for top alt coins listed on coinmarket cap rather then going for such stocks. you can buy these tokens at any time.

this is proof that the coin has very good prospects, where before experiencing a decline like now BOOM has provided a lot of benefits for its holders, but I'm not saying BOOM grew because of hype, the increase was purely due to the technology adopted from this project, even though BOOM is currently experiencing a very deep decline but I am very optimistic that this coin will increase as the crypto market improves.

What technology adopted by BOOM that has increased it price? What makes you think this coin will go up? Your assumptions are based on speculations or you have some evidence of this.

Cant say about the future but right now this coin is under extreme bearish trend and was not able to give any hope to its investors. The main problem with deflationary coin is that they have zero utility and only thing they have with them is token burning.

They also start with huge supply like BOOM is start with 1 billion token in circulation and can someone tell how much time it will take before this supply will decrease significantly. There price will only go up if there supply is reduced to millions of tokens and it will take lots of time to reach that level.

BOOM hodlers are not having good time with this coin as boom is testing patience of its hodlers badly. BTC touched its ATH and still very much high in price but this coin refused to go up. Dont know how much more time this coin will take to go up.

Is this project really showing anything interesting? I see that in the current situation, investing in this project means stepping into the trap, because the trading volume of this project is very low and it is listed on an exchange which is not well known to the traders. So all things considered, at least in the current context, investing in this project would not be the right decision.

https://i.ibb.co/vcv5nN3/20220226-005107.jpg

I don't know what you expect from this project, but if I were you I wouldn't be too positive. You don't need to do a thorough research to understand that this project was probably abandoned. Just look at the last time the creator of this thread was active, so my guess is that it is the developer:

Name:   crypto_geek55

Last Active:   July 19, 2020, 07:41:52 AM

Sorry, but I don't think this project will be resurrected.

You are very right there are many coins here on bitcointalk.org that are no more developed by there respective teams rather they are just abandoned. We need to be careful of such coins else our investment will be held up for indefinite period of time. 

Well I dont think its the official thread of BOOM created by the team. There are many threads created by investors who just wanna bump there coins through such marketing. The account from which this thread started may be dead but not the coin, even today this coin has market cap of 69k so there is still some boom in this token.

https://coinmarketcap.com/currencies/boom/

There are still movements but doesnt signify that it would last even further and its true that some people which are continuing to hype or shill out this project are the ones who do make out such investment and trying out to lure people specially newbies to buy this coin and when it pumped then thats the time they would sell off their bags which is really a very common concept on here.
This is why you should really be careful on making out investment and not just hurrying up yourself on throwing your precious investment out of nowhere.

I'm not really interested in projects like this because when doing transactions they burn automatically so many investors prefer to keep their tokens until later the price can indeed increase, and the team that manages the project does plan like that if later the supply is limited and the price will increase, but this can not necessarily happen because everything needs a process, If indeed the price can increase by doing such burning then this project we can follow.

BOOM is a new project that makes a unique design to increase the attractiveness of investors, by making automatic combustion then this will be considered every transaction and this way will many investors who choose to hold until the value can increase, if at any time there will be a transaction then BOOM will be more limited then most likely the price can increase, I want to explore this project if it has the potential then participating is the solution.

People who have investments in any project advertise it for there own benefit its natural and something not limited to crypto only. I do agree with you that we need to be careful while investing in projects that are advertised by investors. BOOM is n no mood of making a significant move in terms of its price and I think it will be a little be risky now to invest in it.

You are right, BOOM need to add some utility to there token right now they are used for nothing but just to buy and hold until the price goes high. The price is too low these days and it will take time before price will go high. Also remember they start with hue supply of tokens.

We saw huge price hike in bitcoin prices but nothing happened with BOOM and other deflationary tokens. It seems like its independent of Bicoin price change and that makes it very suspicious for investment. All alt coins prices are hugely dependent on bitcoin and if BOOM cant move with BTC then it cant move on its own.

So how much you have exploded BOOM so far or its because you wanna complete your signature posts of the week?
BOOM and other deflationary coins have a drawback that they are starting with a huge supply of coin and it will take considerable time before there supply will go down to some level. In short if you are investing in BOOM then you need to wait for quite sometimes.

That;s not the case with BOOM only. Every coin that comes new in the market faces same resistance. I am sure team behind BOOM must be well awar of these drawbacks and will launch some solutions to fix it. It will take some time before supply will come down to some reasonable level .

But how long a coin continuous to face the resistance. We saw BTC ATH last year of 67k but this coin refuses to move up despite all bull trends in the market. There are just few spikes in BOOM last year journey. Seems like BOOM is launched only to face the resistance.

You cant blame BOOM for that its a coin that is launched with huge supply of coin and its price will go up only when token supply will surpass the demand. That will take some time and those who can wait for sometime can invest in this token after doing necessary R & D. Its not dead as there is lots of activity going on in BOOM.

Something serious happens with BOOM in Dec last year. You can see its price pattern its going down since Dec 2021. BOOM really need some massive pull whether from dev team or from investors otherwise it will continue to go down and will cease to exists like many other coins.

Thats very unfortunate that after going up the coin has gone down and is now at the verge of collapse. But if someone is willing to take risk and has patience to wait for sometimes then BOOM is a good option. There is not much risk involved in buying this coin at current price. Rest DYOR before buying this coin.

I don't think this coin has any potential left that can take it up in days to come. IMO token burning alone can be of no use unless you have a strong utility and BOOM failed to place any utility in this token. Moreover there are lots of tokens that BOOM and other deflationary tokens starts with, it will take some time before the supply will go down a bit.

Market is taking turn as Bitcoin is trying to break resistance of 45k and once this resistance is broken we may see again the bull market. Once there is bull market triggered by btc then alt coins also joined that market. Anyone interested in cheap coins then he must buy them now.

If you see the website of BOOM then its evident that coin is listed on so many exchanges including top ones like BitMart and MXC. Now this coin can see a moon shot if there is news that coin is going to be listed on Binance or anyother such top exchange.

listing the coin on exchanges wont do the job unless we see some real features with this coin. There are many shit coins on big exchanges like binance. So the focus should be not be on listing boom on exchnages but to add some features to this coin.

That may be true to some extent but take it other way around that not all coins that have good utilities and listed to exchnages are gold. There is trade off and IMO there is no guide on coin that can give good return in future. IF you want to invest in Boom then this is the time to invest in it.

You wanna invest in this coin then go for it on your cal. IMO its a long wait and invest only if you have patience. Because I dont think BOOM will have a good shot in coming days. It will take time.So be careful.

Well if you see deflationary coins paradigm then it very much clear that they are created to be bullish and volatile. There utility doesn't matter, all you need is to keep these coins alive till there quantity goes down to some level. The party will start once there supply surpass there demand.

I am following this coin for quite a while but haven't seen any moment in this coin till date. I am not very hopeful about this coin and chances are that may be the team behind this coin has left it and now this coin is on its own. If there is any moment left then this coin must have shown some respect for the investors.

Suppose we'll have to wait and see for a bit.

you are very much right, We have to wait and see where this coin is heading. Right now there is nothing certain about BOOM as its only going down and down though  there are few spikes in the price. I am not in hurry so I can wait for indefinite time.

Patience is the key for every crypto project. You cant become rich overnight. If you have the patience to wait for 6 months to 1 year then BOOM is for you I am saying this because in next 6 months to 1 year price will go up since the token burning will decrease the supply of BOOM tokens which are deflationary one.

I differ here, see the history of this token its only going in down word direction. Patience and wait has its own limits, you cant wait for indefinite period of time. I dont there this coin can go up in next 6 months based on its news from the owners and price.

Dont say that a coin going in down direction has no chance of going up in future. In crypto we cant say that a coin has a bad history that means its future is also dark. Just do some research on BOOM, its still very much in the competition.

That time also can't guarantee that profits can come easily into BOOM, because all of that also really depends on the number of BOOM token enthusiasts on the market for 6 months or for one year.
So holding certain tokens for a certain period of time is not bad, but the profit is always related to the number of enthusiasts and demand in the market.

This is very much true that more token burning means lesser the supply of BOOM and if at the same time there is demand in high then surely price will go up. I think apart from token burning they must also focus on creating utility of the token because token burning alone cant increase the price of BOOM alone.

I would say its more about gamble then anything else. We will keep on discussing and tokens that have to go up will go up for unknown reasons despite the fact they have very small or no utility. Keep this factor in your mind if you are investing.

The deflationary coins are created with a very straight forward concept. You buy them and hold them till the time there supply goes down and when there demand goes beyond there existing circulation then you can claim your profit. If you have courage to wait then you can go for it.

I keep on saying but no one is listening that you don't just need to buy and HODL these deflationary coins. Even if there supply go down to minimum the price will go up only if they have some utility like solving the real world problem. Don't think that burning the coin alone will increase the price.

Seems like BOOM is taking break now after few down word spikes. Whats interesting is that data of 24 hrs volume and volume/ market cap is not available on CMC anymore. But still if anyone thinks that BOOM has chance to go up then this is the right time to invest in this coin. Rest do share your opinion about this coin.

The way BOOM was going it was very much expected that it will stall at some point and this is the point now. Now those who have invested in BOOM need not to panic rather just show some patient. There is notthing to worry if you have bought this coin in recent one month or two. Market is bearish and so are alts.

If those who have bought in the last month or two and now have profited with BOOM, then it is better to sell now because take profit from the start is always better than having to wait long for higher profits because it is still not sure to come on BOOM.

In crypto or any trading market there nothing is clear, you sell one day and price goes to moon and vice verse. I do agree with your point that those who are struck in BOOM might have to wait for longer period of time now to exit this. Bitcoin is fully bearish now and as long as bitcoin is bearish there are no chances of BOOM getting bullish.

Yes thats reality that due to LUNA and UST collapse the whole crypto market is crashing but its not only crypto but the stock markets are also down. The main reason for this is ukarine russia conflict. All markets will remain in certainty as long as this conflict is going on. coming towards BOOM just don't buy it if you haven't bought it yet.

Now Boom is again showing some sign of life as today it has got 24 hrs trading volume of 86k. Crypto market is in still very panic situation and it will take some time before we see some settlement in price. If you have BOOM then keep and if you  havent bought it yet then wait for some more dip.

Crypto market is recovering now and thats a positive sign but the interesting thing is BOOM is not effected by bear or bullish of Bitcoin price. So I think despite market going in positive direction, BOOM investors wont see any sign of relief at least in coming few week or months.

Lets see how crypto market behave after this crash. There are many questions this crash has raised and good thing about BOOM is that its not affected by Bitcoin price both in up or down direction. This means coin has the capability to stand on its own.

There is very little chance of BOOM going up in coming days, the market is not very much positive and BOOM behavior throughout this bull run is also very disappointing. My advice is not to jump into such coins at the moment.

BOOM trading volume has returend to its normal range and those who are interested can buy or sell there BOOM. I still say that BOOM has long way to go and you need to have patience if you wanna get good profit from BOOM. Those who are looking for early profit need not to invest in BOOM.

Better find some other coin since I dont think there is chance of BOOM to go up there is no development coming from BOOM side and there token burning will take time before it will reach to a place where its demand surpass its supply. Till then you can roam somewhere else.

But need to be wise in making the decision dont just invest in any shit coin where your investment is struck for years. BOOM is down for quite a while now and invest in BOOM only if you are not in hurry. DYOR before jumping into it.

There is no doubt that BOOM is down at the moment and the way Bitcoin is going down I am sure we are entering a bearish season. Price of Bitcoin will remain down for quite sometime and those who are not in hurry can jump into the market.

Bitcoin is going beyond 20k$ and this was something not expected till date by many. If price of BTC goes beyond 20k$ then there wont be any support until it reaches 10k$. 10k$ is the price achieved before this bull run started. BOOM in such bear season wont survive much, so better invest in something else.