55billion burn trigger XLM bull cycle?

[conex]

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.

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

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[Mahanton]

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

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.

[iamsange]

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

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.

[Landak]

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

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.

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.

[ashmodeus]

so that mean , no more giveaway from XLM ?
that sucks btw , 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.

[adroitful_one]

so that mean , no more giveaway from XLM ?
that sucks btw , 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.

[bering]

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

[dark08]

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

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.

[WalkerIVIV]

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

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.

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.

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.

[Bezobraznike]

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

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.

  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.

[Traderbtcc]

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

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.

[crzy]

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 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.

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

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.

[mdgabrielzim]

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.

[ecnalubma]

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.

[aprilnot]

so that mean , no more giveaway from XLM ?
that sucks btw , 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.

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.

[ashmodeus]

so that mean , no more giveaway from XLM ?
that sucks btw , 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.

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.

[Febo]

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

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

[goaldigger]

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.

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.

[Natalim]

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.

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

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.