BOOM - First Self-Burning Cryptocurrency Based on Smart Contract

[Theones]

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.  

[srhash]

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.

[sovie]

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.

[AntChe]

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.

[srhash]

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.

[blatchcorn]

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.

[MgoSgo]

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.

[Palrel]

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.

[Wakate]

So burning of BOOM will create shortage of coins and that will increase its price. That may sound good ideally but practically there must be some reason why people will go for BOOM? This will happen only if it has some strong use case.

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.

[SerbSerc]

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.

[diana.io]

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.

[janak3]

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).

[Championt]

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.

[coinism]

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. 

[KngrKhna]

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.

[MgoSgo]

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.

[pritchathenexttrader]

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.

[SerbSerc]

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.

[pritchathenexttrader]

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.

[graygelato]

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.