Bitcoin Forum

Was reading new and came across this article (https://cointelegraph.com/news/will-stellars-55-billion-xlm-burn-trigger-a-new-bull-cycle) by coin telegram.

What is your call? Will there be a XLM bull run?

With the end of the inflation rate, the cancellation of airdrop and the burn, there is no doubt XLM is trying to increase the value of the coin. I do not see any reason for not holding it at least before it reaches $0.1, the market is looking good right now. But do not take this as financial advice, always do your own research.

Ehh idk, no ONE thing is necessarily a catalyst for a bullrun imo, its moreso a numbers of factors partnered with usually a major news event that sets it off i find.
XLM is definitally trying to do something, one could buy some and hodl and see what happens, just dont hold your breath lol
XLM has been doing swaps and airdrops for like 3 years, id be surprised if they ever do much at this point :P

Bull will happen soon if many are interested in returning to XLM, after the news about half of the XLM supply will be burned. I currently hold XLM for nothing. If the BTC condition remains stable and stable, Bull Run XLM at any time can occur. Reducing XLM supply will make fewer tokens and make prices go up.

What usually happened is when project burn coin/token, price will pumped. I think with that news about coin burned, only need something that can trigger the market. So price can affected by it. If i have free money, maybe hold it is not a bad idea. Only need to wait more time to price move. But i am not suggest other to do same thing with me, just believe with yourself and DWYOR in every investment.

I'm of the opinion that there would be a bull run for XLM. Just yesterday, 55 billion was burnt which is around 50% of the total supply. That would be very catalytic for the next bull cycle. Myself and a lot of crypto enthusiasts are expecting an alt season any moment from now. I'm just happy I sold my XLM  yesterday and rebought during the retracement. A huge run is coming soon!

From what I have seen, they're still having the big Keybase airdrop. That will have an effect on the price when it happens. There's a lot of coins going to be dropped that most people will be dumping. However, the huge burn they just had is a really good thing. Overall, I think once the Keybase airdrop is over, the price will be trending upwards. But, on the days that people receive their airdrop coins, prepare for a huge dump.

we are already in the middle and I am sure xlm will up ,coincidentally in some cases I saw an unusual thing for the price pattern but I seen it and I am sure we are bullrun later this year for xlm burning have a reason and a trading strategy must have been planned

They've just burned half of theirs so expect that there will be an uptrend for it but basically it wouldn't be on unlimited run. My opinion is they've done a good thing to counter the possible turn over of their own market.

And I think that they really don't have to do that since XLM is performing very good but since it's already done, I'm starting to be of the same opinion with others that we will see the effect of it in a positive manner.

If there is no bull run now, I am sure we will witness a bull run in the future.

They reduced their total supply by burning half of it and there's a big positive effect on that as the demand increases.
normally this type of coin is not independent to the entire market, actually no asset is independent as it all relies on how btc move since we all know that bitcoin is the most dominant coin in the market.

When the altcoins rally will take place, maybe we can expect a bull run, right now, there's no effect on the great news yet.

if only the market was in good condition, maybe the news could trigger a bullrun for XLM. but unfortunately the market isn't good enough this month, so maybe the update won't have a big impact.

but I'm still sure for the long term, this will be good for the XLM project.

Perhaps we need to wait for more to see if the market will make a significant move in the next month. If that happens, not just XLM, which can increase, but the other coins will also increase, and that could trigger the bull market to comes. When the bull market begins, of course, everything will change, including bitcoin, because the market will start to move together into a higher price, and we will see changes in the market. I think the position for XLM in the market and CMC will also change as they are trying to make a good move day by day. But unfortunately, right now, the price does not yet move again like yesterday, so we still need to wait and be patient.

I may call that as a long term impact for XLM. Bullrun will be there but not until the XLM team can prove if XLM will be a worth token to be bought. Billion supply got burn, and then a short term impact has come to the XLM. But the main concern must be put on the what will be the usefulness of XLM coin.
We know that if burn the total supply is a part of a strategy that has already made by the team to make the price of XLM surge, even more, consider it was steady in every moment without any increase.

The bull will come when a massive update or rumour comes.
To burn the total supply just like you are throwing coins that must be distributed into the market to the trashcan.

That burning of their half total supply was quite amazing for the investors, no wonder we talking about XLM bull run today. In my own opinion, I don't want to create some misunderstood judgment here, I rather choose to be in the middle. The price right now is quite low compared to the other Coins that has the same features as the XLM but this time is a good time to buy it cause the price tomorrow might change. this is a good time to ride this trend for sure it will really increase from its current price.

You would expect one to follow such a massive burn, and yet, nothing happened. XLM price is even dropping by over 5% right now, as part of the new overall market correction. Only Tezos seems to be having a good time at the moment.

It's not amazing for investors long term. Why did jed do this? Because he is a money grabber who realizes his tokens arent being used .

We can't tell if there is a bull run but I hope there will be soon, XLM is one of the most profitable coin in the market, so with this supply burned, it should certain result to a pump as long as this market will also become bullish as we need the people to buy aggressively again.

XLM was top 4 in the biggest gainer in 2017 - https://qz.com/1169000/ripple-was-the-best-performing-cryptocurrency-of-2017-beating-bitcoin/

This phenomenon of burning of 50% unused tokens were supposed to give a better result than what has been achieved and things did not go as planned for XLM but trust me Stellar has great features and can be used as one of the quickest payment transfer application for daily life but it's extremely underrated, even though it's better than other altcoins. XLM teams needs to plan something unique to pump up the value if things don't improve in near future.

Every altcoins have a chance to bull run, especially for stellar (XLM) which is indeed an old coin that has a track record
the good one. Especially after XLM burns half of their total supply coin, this can be a triger for increase the price of XLM.
As we know XLM is included in the top 10 ranked in coinmarketcap, it is an achievement extraordinary. So from that I am
sure XLM can repeat the history of ATH when January 2018 at the price of 0.8 $, although now XLM is still at the price of 0.07 $
but I am still optimistic that by the end of this year XLM can be priced at 0.5 $. And in 2020 it can bull run to the price of 1 $.

currently there is a very big XLM airdrop running. for the popularity this is of course beneficial,
but for the price it is not mandatory as we know. but since this is a basically solid project,
i think there will be a price increase in the medium term. :)

For me its somehow yes, but until i didn't saw that possible bull trend i can't say or call that it is a bull run. News are still news and it might manipulating the traders move and insight about xlm. Taking to reality that 50% burn was too big enough to make xlm pump but i want to see it rise organically. We can track XLM if its really good for that announcement to make it pump.

Actually, if a true bull run comes into the crypto market like 2017, then every high ranked potential coin will go in the bull zone! XLM has a better chance though because recently they burned a huge amount of XLM coins, so, its supply has decreased well and the price already started growing! So, it is easy to predict a high price for Stellar in the next bull run!

just the usual increase that happened when the news was released. around 17% -20% increase. bull run will occur if Bitcoin has made a fantastic increase. because until now there is no big news about altcoin, especially XLM. actually it is big news, but it does not have a big effect on the price of XLM increase.

The 55 billion token burned by the stellar team will definitely create a surge in price for stellar in the crypto market but bull run is what I'm not quite sure of because the token in subject is centralized and an occasion where the token price will be manipulate may occur.

almost same topic as this one

https://bitcointalk.org/index.php?topic=5199100.0

i was thinking that is this a XLM team strategy to make some noise towards this currency since its been long when stellar is continuously falling?just asking because you have posted almost the same day lol.

If you look through the graph using CMC (https://coinmarketcap.com/currencies/stellar/) its actually showing negative sign mate because of the percentage itself , wherein probably it's impossible to make a bull run in my opinion especially on this year base of the current situation  . So for me this coin is uncertain , what i mean if it ddn't shows a progress by the end of November, only one thing is for sure wherein there's no chances for it to recover.

maybe, especially now the market is good enough. the news could trigger a pump for XLM. plus now entering the end of the year that sometimes there is a pump suddenly even without reason. so XLM has a great opportunity for bullrun. we just need to wait, maybe in a few more days the pump will start.

First we need to know, how useful XLM is. If it is useful then it would have a demands, then the question will become how big the demand is.

From this, we can start to argue will this burning affect significantly to the price or just become nothing.

Well, here the explanation. If the demand for real use is high and the supply (after burning) won't be able to cover it then the price obviously will up high. But, no matter how much you will burn a coin, if it has no real use, real value, real demand, then even you want to burn like 99% of the supply, it won't change anything.

I see when good news coming about 50 biilion xlm get burning it was massive jump on xlm price but we can see now the price is decrease again, i think some trader or whales not holding this coin for several reason and i dont think its can be bullrun alone.

i had been holding my stellar from last year and all i am waiting is Bull run so if this news is indeed then count me as celebrant because of the waiting i made.

but lets be realistic as we don't see any good growth from XLM until now,its been long when we last saw a uptrend but now it seems that we are all in waiting situation .
anyway i will keep mine even if this took me long as i trust this currency.

No, there will not be an XLM solo bull run anytime soon. I think the recent 20% plus growth which happened quickly after the Stellar (XLM) team decided to burn 55 billions of XLM was the last within this year. But I am not saying that XLM will not be able to increase in price within the year although it has to be along with other altcoins, unlike what happened with its recent pump very recently which was accomplished alone.

I honestly expect them to actually have some sort of surge in the value if xlm, and if I don’t see a surge, it would interpret to me that many people are really not using xlm that much, because as they have burn their token, it will reduce their supply and then may make the supply to be a little bit scarce, so as time goes on, I expect the value to start appreciating.

It will be a very wrong mentality at the same time too to actually think that the effect of whatever they have done now will start manifesting immediately, no, for anyone that thinks of that, that is what I would really call impatient which is basically the reason why, most people do fall for panic, so I think that we still have the opportunity to buy the xlm right now.

coin burn was a short boost to xlm price https://www.coingecko.com/en/coins/stellar

After the burned 55 billion of XLM the price was surge, but now seems the price is decreasing. I don't know if there will be a bull run for XLM, maybe if the bull market happens, surely the price of XLM will bull. Well only can time can tell.

But, FA news does work many times. Not on the top coins but, on the smaller coins are all standing because of the FA and the news which work as catalyst.

not unless you are holding XLM your statements will comes out as misleading so make sure before you advice people to purchase and hold make sure that you do first.

so far thats what happen,but what about the domino effect because XLM still on top currencies?

anyway bull can happen soon,just keep the support and never doubt this coin.

If stellar development foundation keeps pulling these kind of stunts they pulled last week, then certainly there will be fomo. Burning 50b xlm coins drove it to near 0.1usd at over time 25%. So more development strides will gradually make the coin investors favorite because, so far, the coin is fast catching up on Ethereum 

Honestly, the stunts pulled by the XLM owner won't create that much FOMO causes the coin only gained 3.25% and only clinched $0.87556300 during last ATH market. Besides, every coin that's centralized can pose different momentum anytime and won't make investors favorite cause the team behind the coin creation is the change player/changer.

Looks so as there is no much price movement in the market.

Burn event is not the way who will make the price coin meet an increasing price. There is only one who can be made as a benchmark i.e demand to the coin. And this think will happen after the investors have seen the function of the coin so as they will make their own prediction to decide between being holder or just use the chance such as news or in the fundamental side to buy the coin and they get profit from this way. I don't know much about XLM but I have used it as a tool to send money and the transaction process is very fast so this function can be made as a reason become a holder.

Investors really need to stop thinking about a bull run appearing anytime soon especially when it comes to altcoins, stellar has been making the news lately and while there was a slight increase in the price of its coin for a few days now it is going down just like any other coin, investors are not really taking any risks they are either investing in bitcoin or they are getting out of the market and getting fiat in return, altcoins are receiving no attention and no one can blame investors when you see the performance of altcoins during the last years.

XLM will have its bull run when the crypto market turns bullish and start going up again. The same applies to most other altcoins.

A lot are losing hope for the altcoins. But I am not. For as long as the altcoins that I am holding continue to be working well and are gaining more partners in the process, I am not afraid. The market in general is neither great as well so it is expected that the altcoins will also be slow in growth. But this is not necessarily their state in terms of adoption and development.

still believe in the altcoin project that you hold I like it, do you have a lot of XLM? if you buy it when the XLM price is not too high at the highest price I think to return the capital HOLD for a long time i think can be achieved, but prepare another strategy if it is not reached

if the bullrun trend starts there will be a lot of altcoins pumping, and I believe xlm will follow it because xlm is a coin that has potential in the market. and I also believe that xlm can be profitable for investment

LMAO, the best indicator for a XLM bullrun? Well, a Ripple bullrun of course. These two act in tandem. Sometimes XLM leads the rally and sometimes XRP does. This just shows me that XLM/XRP investors believe in their specific blockchain tech.

The coin will experience bull run when the bitcoin halving impact the whole crypto market but if the coins burned was meant for XLM surge in price the coin ought to be doing good now and with the current status of XLM in the market i think Charlie's statement about the XLM team are all truth.

The working well and gaining more partnership of a coin doesn't make a coin thrive in the market because there are some important things you also need to put into consideration either. Mind you, stellar is just like XRP and there investors won't make that much of profit.

Every cryptocurrency depends on the market trend, it will be hard for a single coin to go up while the market is down. XLM made a big changes, and reducing their supply is a big impact to the whole XLM, we will see this progress when the bull has come, and maybe XLM end this year with a big price up so let’s see that soon.

All altcoins today are collapsing, including BTC, for Bull run I don't think it will happen, because today the development of crypto prices in general is weakening, yes partly due to the many issues circulating, today people are confused to determine what steps which must be taken, whether waiting for a bull run to occur etc., what is certain is that today's reality is being hit by the entire crypto. Including with XLM, the last time we heard many people who got XLm from the keybase / spacedrop program and people today sell XLM rather than buy it. I think the revival of XLM can not happen for the near future now, I know with the month of December, we can see from how the movement of the BTC, when the BTC starts up, the market will decline too, but usually will not be long, altcoin will carry over also included with XLM.

All altcoin will have time to get the bull run like before, including for XLM. But we don't know when precisely the bull run will happen, and we could only predict what will happen in the next year before or after bitcoin halving. I see that XLM has a big chance to increase, although the increase will not stay at a high price, which will give us time to sell XLM at a higher rate than now. So if we analyze the market until today, the market itself still trying to increase again, but there is no right time to know when the bull run will come.

Yes, the market is a cycle after all. They have their high times as they have also their low times. They have their bearish seasons as they also have their bullish ones. That is the characteristic of the market. XLM will have their bullish days soon. They are for now going with the flow of the bearish market. Their recent burning of tokens had a big impact but that did not sustain their price increase. Today, XLM is just one of the coins in their normal daily movement.

Except for the fact that XLM is still heavily airdropping their coins at a very high clip, and XRP is not.

Especially when you consider the fact that XLM's airdrops require essentially no identification or anything else, which means that the supply can get inflated very easily. You also don't know whether or not there is any potential insider activity going on with the airdrop.

I think that XLM network has the potential to expand greatly. I just don't think the fundamentals are there for prices to pump heavily in the short term.

   Airdrops were a sort of promotion for XLM, and they are done with that. Recently they made a bald move, they
burned 50% of coins. With halved supply they have more chances for some bull run.
   XRP and XLM are competitors, maybe their price have some similar movement now, that will change in the future,
XLM is much better project in my opinion.

XLM is one of the best altcoins ever in this era.
I personally am not sure if xlm experiences bullrun itself unless there is a trigger from bitcoin for bullrun.
it is true that the current prices after they burned half the supply actually went down but this could be the beginning of its revival.

I agree with that, no doubt it is one of the best as it gave me profit during the last bull run.


It's a good preparation for the next bull run, with less supply there's a bigger chance that it will pump high.
Possibly we can make a new ATH when that time comes, BTC will have its ATH and altcoins will follow, that's the usual trend.

every legit currency has a chance of bull running because even shitcoins had been pumped by manipulators so what more for the legit like XLM?
the only problem is all altcoins are relying on what will be the movement or growth of bitcoin so basically we need to keep the patient and wait for the Bitcoin Bull before seeing hype for XLM.though i strongly believe in this altcoin to grow higher soon.what we have now is waiting game just like all the alternative coins.

Burning token means decreasing total tokens in the circulation. it can be lower supply too.
But it doesnt mean, can make pump that tokens if there is no new buyer. supply is low but without demand, it would be useless

Law of Supply and Demand (https://www.investopedia.com/terms/l/law-of-supply-demand.asp)

especially with the airdrop provided by XLM at Keybase making sales dominate the market,
and XLM seems to have decreased every month, this does not make XLM strong again it seems,

But they will never stop thinking about it. Remember most of these investors are not really who they say they are,,, they are purely speculators and they did not do any research or have no interest at all in the utility. They just FOMO, see that price is low, and listen to random news that bull run is just around the corner.

I dont agree cause once a coin is a centralized coin it have already failed in the aspect of crypto currency legacy.


We can't be sure if the coins burned is a preparation for the upcoming bull run market since XLM is a centralized coin and Charlie Lee of Litecoin said the burning was not in favor of the coin holders/investors.

What i understand is that airdrop are done by project owners in other to gain more user base and to create an awareness about project listing on a exchange. So, the airdrop in subject was done as XLM listing promotion on blockchain wallet and most of the airdrop participants dump the coin asap.
I guess you're right when you said the airdrop dont make XLM strong.

Agree, in fact after burning, the price of xlm actually went down. means it is true that burn the token will not affect the price increase if the selling demand is higher than the buying demand. in the end it's like an uncertain hope.

XLM news is always thrilling cryptocurrency, but I think maybe we should try to continue to see how the development of XLM. because we do not depend on this coin, and although this XLM coin is in a good price position but we also need to try to do an analysis of this XLM coin

yes it can be said like that, XML became the best bitcoin in this era. I myself only have a few XLM in my wallet and waiting for the XLM bull run moment. But all depends on the price of BTC. Maybe XLM will surpass the highest price in 2017 when XLM reaches $ 0.9 and there are only a few to go up to $ 1.

Obviously, there will be a bull run into the Stellar coin too. XLM such an honest and high valued cryptocurrency and it has a large number of active supporters. Recently they burned almost 50Billion XLM, that means a huge boos up is waiting for it!  When the bitcoin bull run comes, Stellar's price will be boom like the previous bull run!

Yes, XLM will experience bull run when the halving effect take plz e but the last time i checked Xlm barely make a huge surge in price during the previous ATH but saying XLM had a large active supporters and the coins burned will be something to make the coin boost up in price is something i don't agree with.

Stellar burnt their tokens 55 Billions, and Stellar gave airdrop 2 Billions.
it means that stellar burning more than giving airdrop, so airdrop just give small/ temporary effect

The most important is, is there any demand for this coin? if yes, so it would be pump easier. vice versa

The burn was huge and this should indeed set the coin up for a significant rise in price. However we need to take the overall market trend into account. The market sentiment at the moment points strongly to price drops, we are struggling to maintain support levels across all coins. I believe this downwards pressure across all coins is much stronger than any upwards pressure from XLM. It's all BTC at the moment, everything else follows.

Demand ? Of course there are many, only we need to be patient because of the large total supply, the price of XLM is a bit difficult to quickly go up

Whatever extent the team is trying to bring to lift the project but if the market pressure still in the downward trend there's nothing to expect but it will also move according to the situations. XLM is one of those many potential project you need to have enough patience and courage when investing to this market. It will take some time before the market will bounce back and rise huge again.

unfortunatelly, at this time bear more dominant than bull, so the price goes down
it means demand isnt strong enough to hold price
to make bull, it needs something big, such as news, development, or anything

So funny to see a lot of people talking about XLM as if they even really have it in their wallets.

I like XLM, I always have,,, even had the chance to participate in the airdrops but then I did not have much at the time and believed the hassle to be too big, but I continue to see this coin as one of the ones that will for sure survive when the crypto markets rebound.

Any coins that survive until now has a big chance of getting a success when the market rebound.
XLM did survive until now because it never loss its volume, it still has a decent volume and its still holding a profitable price although there's a drop.

We don't know what would happen when it rebound but since it cut half of its supply it might reach 1 usd as its new ATH. 

I expect XLM will increase more after they burned billions of XLM, but it was just temporary and it was slowly went down. I guess burning coins is just temporary increase, but XLM will pump if the market is bull.

Burning billions of coins draw attention on stellar, but is that enough for the price to rise? I don't think so, they will need to come up with something more then just burning coins. Stellar is a good project, its still being developed, once they finish with that we can see price rise, until then I don't expect nothing from stellar. What is good about stellar is that ath was just a dollar, so we will see will they be able to bounce back to dollars first and later to make some new ath.

if they do something that makes people glance at it then the bullrun can happen, the supply has been successfully reduced only those interested in the market must increase, it is the developer's job to get people interested

They burned *50 BILLION* coins, which should tell you that there are way too many in circulation to begin with.  There are still 20 billion coins at present, which is over 1000x the number of bitcoin and how can anyone expect a coin to hold its value with that many floating around?

Interestingly, Stellar's price has gone up in terms of bitcoin and remains up, even tho its fiat value has dropped.  That's to be expected since bitcoin has dropped significantly in the last 48 hours, but perhaps the burn did have a long lasting positive effect.  But it hasn't even been a month yet, so it remains to be seen.  I don't have an interest in xlm myself and consider it a shit coin, but I will continue to watch it.

I don't think so either, and it reminds me of companies buying back their own stock in order to increase their P/E and ultimately the stock price.  It's an artificial means to do so and doesn't mean the company has any more fundamental value than it did before the buyback.  The same thing is true for xlm in my opinion.  The burn was a short term Band Aid for the coin, but that's about it.

This is not really about hope this is simply about recognizing what it is happening, the market does not seem like it is going to go up for some time and without it an altcoin season is impossible.

Now if you are comfortable holding your altcoins since you believe in them there is nothing wrong with that and if anything you could take advantage of the low prices we have but a recovery is out of the question for altcoins at least during the next months.

that is a hard thing about XLM(stellar) because of too big volume and lesser demand,i think they should have Burnt more at least another 10 billion or 15 so the circulating supply will be more lessen.with this i am sure there are many investors that may enter as supply is one big factor on why a currency will pump easier and so as dumping.