Bitcoin Forum

Will it happen? XLM is the coin im holding for quite a nice time, fingers crossed!
https://cointelegraph.com/news/will-stellars-55-billion-xlm-burn-trigger-a-new-bull-cycle

It produced a pump but failed to initiate a bull cycle. It was not enough to initiate a bull cycle. A bull cycle has to be caused by a lot more factors than just token burning, however huge it may be. The burning was good enough to cause a long green candles to Stellar's price though. But there was resistance after increasing more than 20%, and a little red ensued. But right now, the red is also replaced by a little green. Let's see how long this green would last.

Unfortunately not, bull cycle is not only in a single coin even though XLM is a good coin but that doesn't mean it will trigger than bull cycle. Maybe at some point it will go up. We always need to validate it along with the chart. If they want to trigger bull cycle we need more news, developments and adoption for cryptocurrency.

a few days ago I bought a lot of XLM coins, because I know in terms of technical predictions it's good to have.  and it turns out that my assumption is true to date there are interesting fundamentals that XLM burns its coins as much as 55 billion.

That must be the most perfect timing. And now your XLM coins are 25% more in value. But I am more interested to ask about your decision after the strong but sudden pump. Are you still hodling your coins until now? Or did you sell them after Stellar has effectively pumped the price of XLM due to their burning? The price of Stellar (XLM) is still moving sideways with a little increase. What is going to be your next decision with your XLM?

I think XLM will continue to pump because the amount of XLM supply is burned at least XLM must be pumped 50% of the price before burning. it's likely 1-2 days will happen.

55 billion XLM burned will greatly affect the price of Stellar (XLM). You can see a rise in Stellar prices lately. it has proven that the news influences it. Moreover, this will be beneficial for investors and holders of XLM tokens. Pump and dump will occur alternately. Take advantage of each of you and stop if you have had enough.

One of the biggest sell signals possible and a real shady thing to do.  Shame people cant see this.

no it won't because shitcoins can never have a bull run ever. in fact in the past 10 years not a single shitcoin has ever had any kind of bull runs.

there is  good chance it will be pumped though. but at the same time if it were to be pumped it would have been pumped already! since the news is already out and everyone over the past couple of days have been seeing the hype. all we had was a small pump attempt that pushed the price from 740 sat to 880 sat and stopped there yesterday.

i have actually bought some in anticipation of this pump but i don't see it going anywhere.

It will help the coins to get some bump on the prices but bullish means it have to be in the upper phase for long term which may not be possible with altcoin as far as I know without the bull run on bitcoin,so we are not going to see anything other than near dump on the prices and vice versa.

Agree.  Bull markets are characterized by increased interest in bitcoin, stocks, whatever, and an increase in buying.  In the stock market there are times when companies buy back their own stock, which decreases the amount that's floating on the stock market.  This usually has the effect of boosting the company's earnings per share and the stock price might increase because of that, but it doesn't mean there's a bull market forming in that stock.

The same principle applies to situations like xlm.  They can burn half of the coins, but if people aren't interested in buying whatever remains, not much is going to happen price wise.  You might think that such a decrease in supply would spark something, but it *might* not.  It isn't a given.

No, it was just a simple jump in price due to the decrease in supply. You would have to continue that trend moving forward in order to flip the market. This could very well happen, but I don't think it will be related to the coins burned in any way. More so to do with the market as a whole trending in the upward direction. If you had XLM before this, then good job. I hope you sold during the slight pump.

ohh only the fact that they allowed to do that makes me angry lmao
i wanted to invest in it a while ago but now i changed my mind
its really not a good thing

yes it can happen, but it all depends on the market reaction. I see prices have gone up compared to last week, so this burn coin has a positive impact. if only the market is currently in good condition, maybe the Stellar bullrun has already begun.

Of course it will trigger bill on market. Lowering your supply by burning it will absolutely make the price go up. Also it will create hype on market. But for me it's just a short term bull. They must not settle on that settings. They need long term solutions for survivality of this altcoin.



You need to buy more. You're on the right track. It will surely explode as soon as the supply lowered

Good luck to you as it seems XLM is favoring your holdings. Several times some altcoins did this and it helped them to pump but I should warn you that don't be too hopeful that it will continue for a long time.

I've witnessed some altcoins that after burning their tokens, it's just all about the hype and nothing else after that. But I think it's a different situation with XLM since it's one known top altcoin.

If the market is bullish now, maybe this could trigger a bull run, but it doesn't work that way, all is based on bitcoin's performance and Bitcoin now is still struggling to break its resistance. Let's just keep that good news until the altcoins market will finally recover and for sure we will see the good effect that time. But holding this coin is a great move, they burned half of the supply, so that means double the opportunity to see an increase of this coin.

XLM can't go into the bull cycle alone! 55 Billion XLM burned was very good news for its holders and normally price increased well! But you can't expect a bull run yet! Therefore, XLM is giving 125 Million USD airdrop again, every month almost 150K people will get this airdrop and there will be sell pressure as usual! So, This burning has no relationship with the bull run! Only Bitcoin can bring that golden time for every coin, otherwise, you will see a little pump after every good news and again dump when they hype gone!

Nice move man! Where did you get insight on when Stellar's going to burn tokens? Thank you!

So alts usually follow btc price rising? Been reading a lot about this matter and can't find a unifed answer.

Thanks for explanation. Will this token burning have an impact on tokens based on Stellar or is it totally irrelevant?

Burning or not, bullish runs will always matter on community support but this is way more better since entire supply would be lessen due to this burning event.
Price rise will happen if theres demand but if theres zero then i wont see any changes for its price even they do made such decreasing of their supply.
Too early to say though but its possible.Time will tell.

Maybe Lumens team take chance for next bull run. With burning supply, usually price of a coin can be pumped. Maybe next bull trend is used to be trigger that can pump Stellar or we know for now as Lumens. What is on my mind only that because usually burned coin means less supply and it can make more demands that cause price to get pumped.

yep, burned but there is no demand to buy, bullish moment will not occur.
yesterday I see an increase in prices on xlm but now back again to the previous price. it is just like temporary bullish  ::).
indeed only time can answer.

so that mean , no more giveaway from XLM ?
that sucks btw ;D , and that mean , giveaway from keybase is the last XLM giveaway .
but , well , as long ecosystem going well , its a good plan.
but, i wonder why bull seems not interest about this money burn ?
the price seems same before coins burn.

It's probably got a lot to do with all of the coins they're about to stop dropping. People are prepared for people to dump. Sell what you have now, then buy back in whenever all of these people dump their tons of coins they get for free. It's pretty smart actually. Personally, I'm going to hold my aidrop coins for a while. Got nothing to lose from holding them in the wallet. We'll see how things go in the long run.

Yesterday from these burned they successfully make Xlm price increase more than 20% but the owners says this will be the last burner and there will no more Xlm to burn and one of the caused why they decide it because for upgrade product and previous total supply is too much so they worried Xlm can't compete with other altcoins in the future

You have a good decision holding stellar (XLM) because I believe in this project and this 55billion burning is one of a cause why the price spike up, after a long long airdrop that cause suffering xlm tobe on downtrend now we can see this altcoin grow again, I expected no more give away after this burning happen.

The total supply gets burned but stellar has nothing to do with its purpose. The smartcontract that already built in the stellar platform doesn't work perfectly because it has been using by so many scammers to issue assets.
The price go back again to the previous rate because those traders are putting short expectation to the stellar. The developer has burned their money.
This will be a very interesting thing to follow where stellar will go.

  I still hold that Stellar coins I got from their airdrop, I bought some more after that, which was a bad call, the
price dropped more. I don't regret my decision, I waited and now the price is going back up.
   The Stellar developers made a good decision about this cut. They voted and they made a good return, I hope
they will continue to do amazing things in the future.

So far the total supply is 50% less, I'm good even if there won't be anymore burns. I've seen projects that has survived without burning a single token. So XLM team has done well. To be honest, I didn't expect them to go as far as burning 55 billion stellar lumens.

Somehow yes, the whole altcoins actually and from the past trades and trends if bitcoin is down altcoins are also going down. The bull for XLM is still far from reality, but this update is huge for them and maybe preparing for a bull. If the supply are lessen and the technology is great like XLM then it will cross the bull trend.

I am sorry to inform you but even having noble causes this coin will never get a very high price. It has a lot of currency, it has had a lot of airdrops for the community and apparently the hype about it has been decreasing a lot in the last months.

Its a bullish move by Stellar however didn't lift up the price that much. I think the advantage of this move might probably occur in long term and not just short term. Stellar has a lot of room for improvements, so far its one of the best projects to exists.

that I saw they burn coins that have not been circulating in the market. so it only reduces total supply, so it doesn't really affect the price. it's hard to speculate about this, if the coins that were burned were coins that were on the market, maybe it would be different. and the Whales might not be planning to pump the market, so this news doesn't make the market green.

yes i know , but according the fact ,
SDF Operations : from 16,483,361,036 to 11,954,851,083
Giveaway Program : from 43,564,933,050 to 6,000,000,000
partnership program : 24,988,652,283 to 12,000,000,000
so , the total : 29,954,851,083 + circulating right now = 50 billion lumens.
the scenario will be like this .
we know from keybase total lumens from giveaway about 2 billion , so that mean the team leaving 4 billion more tokens .
and i just have speculation , since to most cut is came from giveaway program , the prices will raising as time goes.

You are lucky they burned 55b XML and not dump it on market :P  Then you would not be that cheerful. :)  They were their coins, they can do with them whatever it pleases them.

XLM already make its ATH so technically its a high price and this update can trigger the pump again. Wait for the bull run before you conclude on this one, XLM is a good coin to hold.  If there’s a positive result of this burning coin, then many coins will also do this for them to grow as well especially those good coins with a higher supply in the market.

I believe the effect is more on stellar, but it could also affect its tokens, I'm just not too sure.
For example, ETH pump in the past, and we see ETH tokens also follow, when it struggles the tokens follow.
Maybe when there are a lot of projects using Stellar tokens, it could help to boost its price once stellar is moving on a bullish direction.