TRON is burning a huge amount of tokens, will the price skyrocket? Are u buying?

[AlisaWhishie]

I'm not a huge TRON fan and supporter, and this topic is not about the technology, I just see that it may be a good time to invest in it now, so that's why I've created this thread in a Speculation section.

Along with their mainnet launch, TRON has announced burning of a huge amount of coins. This event is planned for June, 26.
And they will burn - dramatic drum roll - $50 millions worth coins!

Do you think that the price will go to the M-thing? Are you buying TRON now?

[Dragonrage201]

It is a small number when compared to TRON's market cap so do not expect any skyrocket in price. In this weak market, it may not even matter.

[spencer13]

overpriced ico,. never trust mate.

[mundang]

50 million is only a small part of the max supply which is billions. Dont expect that the price of trx will go up after they burned a small portion it. It could go higher or else it could even dipper.

[Rkoshay]

50 million, big whoop.  Let's see............. there's a total of 100,000,000 tron.  50 million times 20 equals 1 billion so this 'huge' burn of 50 million is 1/20th of 1 percent, basically a rounding error.

[Flor1982]

It is a small number when compared to TRON's market cap so do not expect any skyrocket in price. In this weak market, it may not even matter.

Well they just burning a small part of their Billion coins so this is not huge but just to attract more investors to pour their investments and also the burning will increase the value slightly but anyway this burning is better than nothing because the lesser the supply is the more it become expensive to purchase.

[arthotdog]

It is a small number when compared to TRON's market cap so do not expect any skyrocket in price. In this weak market, it may not even matter.

But it wasnt the volume of trons coin is what they will burn instead its the amount in dollars so this wikl be great for someones looking for good investments in this dip market,and as we see trons doing they're best to earn and to help ,this is a vice versa scenario of benefits

I would buy eve a small amount for holding hopefully this will succeed

[ananas99]

Another advertising move to attract more attention and stupid investors, who thinks that the price will jump and the tron is the best coin. Do not be fooled by this kind of machinations.

[CryptoTamer]

I'm not a huge TRON fan and supporter, and this topic is not about the technology, I just see that it may be a good time to invest in it now, so that's why I've created this thread in a Speculation section.

Along with their mainnet launch, TRON has announced burning of a huge amount of coins. This event is planned for June, 26.
And they will burn - dramatic drum roll - $50 millions worth coins!

Do you think that the price will go to the M-thing? Are you buying TRON now?

Will they buy 50 million TRX from Exchanges and burn it? 

Coin burning can have a direct effect on prices if they burn coins that circulating in the market, If they just burn the coins owned by the project then it only reduces the small amount of TRX's total supply and that only reduces the number of coins to be distributed in the future
I will not buy TRX just because they burn a small amount of supply.

[Whiplash450]

there is a possibility that the price will skyrocket, but it could be otherwise. i do not buy it.

[XbladedThanos]

Dont expect so much raise in price man as its just little but yeah maybe 20-30% price increase might be expected

[AlisaWhishie]

Another advertising move to attract more attention and stupid investors, who thinks that the price will jump and the tron is the best coin. Do not be fooled by this kind of machinations.

Ok, I see what you mean, but what about their mainnet launch? I think this is not "a machination", but a real product, a result of all the work previously done by the team, the goal, which is finally achived.
So they don't just burn to burn, or to create at least some hype around the project. I don't actually think that any project in top-10 needs extra hype.

[babygun]

As mentioned before, the coins they will burn is only a small portion of the total amount of TRX that is available.
However, I like TRON because there owner (Justin Son) knows how to play the market.

[CryptoGuro1]

Tron was one of y best investments

[Karisma Black]

It should but right now everything is unpredictable.
Look at eos since mainnet.

[Ciucas]

So currently the total marketcap of TRON is almost 3 Billion Dollars, and they plan to burn 50 million Dollars worth of coins. This means that they will burn less than 2% of their total number of coins, so based on this the value of the coin should increase with only 2% of it's current value , after the burning of tokens will be done.

[anggriani]

tron will burn 1 billion tokens or a value of 50 million dollars. but I do not think this will make the tron skyrocket.

[Crypdon]

Tron is doing all the right things to make the price higher, buying bittorrent, forming new partnerships, and burning their coins. Have to give credit to their team, they certainly know what they're doing

[xenomorphe1]

No, i don't think TRON will skyrocket now. As it follows the Bitcoin. But TRON is a very good project.

[t39]

Long-term investment is in TRON. Long will have to wait until the coin will grow. If you count on such a long-term investment, it is better to put money in the Bank at interest, and it will be more profitable. TRON is created for quick profit. It should be actively monitored and used.