Burning plans

[Tervelatuk]

When u hear/read a coin have a burning plan in their roadmap - is it a always buy in before and sell when it happen? ( Excluded shitcoins).

A deflationary plan is a good initiative for any project to undertake but it doesn't always work. Less supply don't always mean "moon mission". First, you've to consider some facts before delving in. Some of these facts includes:

• Making sure they have an active team
• Active community support for project and it's ecosystem
• Low inflation or token emission rate
• Token supply (including initial and total supply)

personally i am believe burnign token was not only as single strategy to make token price soar, there are another ways to make. How could  a token have expensive value without building something that very usefull in ecosystem. Token supply , burning token only used to attract but its not effective, investors need demand that created from utility. Just like binance, demand always occur because it have strong utility so their plan burning coin will always work.

[tvplus006]

... Cases of burning unsold token after ICO could be different but I found announcement of burning in roadmap fraudulent and unattractive as investor.

The Binance Coin roadmap originally had a clause that provided for 50% burning of coins issued in the ICO. And, as we can see, this did not frighten investors to invest in this ICO in 2017, and as a result, this decision led to the success of the Binance exchange and its BNB coins

[TelolettOm]

Several coins have their schedule in burning their coins or tokens. And burning will commonly influence the price to go up. For, it will decrease the supply of the token itself. And lower supply may create higher value than before.
And yes of course, before the burning time happens, buying those coins may be a good idea, for, we can expect for higher price after burning.

[CryptopreneurBrainboss]

Burning of tokens are just one of those marketing terms project use to decieve speculators into investing in their projects. Burning doesn't guarantee a project will increase in price. First there has to be demand of the project because of the utility it providers. Another factor you have to consider is the supply of the coin in circulation. Tokens having trillions of supply as it's common with meme tokens this days (which I don't strongly recommend using them as investment unless you're just having fun), this tokens with such huge supply will hardly increase in price in a short period due to burns especially if there's no utility to create demand for the token.

Binance coins has so many utility tired to the exchange that it'll always be a hot demand project unless the exchange was to lose its relevant in the exchange industry. BNB is use for staking, crowdfunding, farming and trading. When the tokens get burns all this feature are still active therefore it create more demand and since there's a decrease in the current circulating supply, it has a major impact on the price of the token.

That can't be said about majority of the project out in the market using the burn mechanism just to attractive speculators to their project. Don't based your investment criteria on the fact of a project offering tokens burning as their target. Why create such huge supply in the first place, if you were just going to burn them afterwards.

[Shasha80]

When u hear/read a coin have a burning plan in their roadmap - is it a always buy in before and sell when it happen? ( Excluded shitcoins).

The only possible scenario that comes in my mind was there's a tendency that the price will increase after supply has been reduced. Most holders have to take opportunity of this developments, because they thought about profit when sudden increase will be commencing.
Carefully also when you buy, wait for hype to come then it's our perfect time to go along with the flow of pumping market.

Coins with a limited supply usually go up in price faster than an unlimited supply. Especially with a limited supply, after that the coins burn and make
the supply decrease. It is certain that if this happens the price will soar up, therefore many investors expect the burning of coins, so that the price
can go up. The most important thing is that we must be careful in making decisions, we must know when to enter and when to leave market.
So we can take profit when there is a burning of coins, because that moment is rare, so we should be able to take advantage of it.

[FinneysTrueVision]

Burning coins doesn't necessarily guarantee that the price will go up. Sometimes it takes a while for the market to react. Whether a token has plans to burn some of their supply should not be the determining factor when investing in a new coin.

[el kaka22]

When u hear/read a coin have a burning plan in their roadmap - is it a always buy in before and sell when it happen? ( Excluded shitcoins).

By the times of 2014/2015, burning bitcoin was happening more frequently per this community members' posts (by sending to a specific BTC addy, its privatekey was not at all generated). I mean burning is a known process for the attempt of increasing the value of circulating supply.

If you notice, binance is actively into burning BNB regularly (they have monthly schedule for burning process if I remember correctly); which might be a trigger for many devs to have burning as a part of their roadmap.

Simply, do not get deceived by burning plans. When a coin/token is not backed by "all the requirements of an ideal coin" then burning plans will not bring any changes to it. It may get dumped regularly regardless of whatever amount of circulating supply is burnt.

[bandungan]

buy before burning. because if there is an issue of coin burning, there will usually be hype and there will be provocateurs who play the price scale high. I think the best way is to buy before there is a burning issue and find out more about the coin

[Ararbermas]

When u hear/read a coin have a burning plan in their roadmap - is it a always buy in before and sell when it happen? ( Excluded shitcoins).

it becomes a common way for every projects to gained more attention from buyer in the market that's why they're burning token when they noticed that there's no improvement of the projects for long time. It's a good decision to be honest in my personal opinion. And yes so you should buy while while they're process the plan than buying during the buring of token because you don't know how much profit you will obtain from it afterwards or how long the progress will last..

[davis196]

Most of the coins/tokens that have a burning plan are usually shitcoins.
I have never seen a legit coin to raise it's value via burning.Maybe except ETH.
Coin burning seems like a market manipulation attempt.Maybe that's why most of the traders don't trust coins that are about to get thru burning,so they don't try to buy lots of them and increase their demand.
It seems like something is wrong with a coin,that is about to get burned.The supply of such coin was overinflated,which sends a bad signal to all traders.They might be thinking that there might be something wrong with that particular cryptocurrency/token project.
I'm not an expert in altcoins/tokens,this is just my opinion.

[Rrita]

When u hear/read a coin have a burning plan in their roadmap - is it a always buy in before and sell when it happen? ( Excluded shitcoins).

Depends on which coin.  If the coin is a top-rated coin according to Coinmarketcap, then it's good to buy before the burn. For the short-term trade, it's a good strategy to make some easy buck. When the CEO of Binance exchange CZ announces any burning date, BNB coin pump hard. It's the same for FTX also. A few months ago NWC team also burned a lot of NWC coins and when the announcement came NWC pumped hard. I also earned a few bucks for the burning news. But dont forget to use stop-loss because some bag holders also dump their bags in this kind of news/announcement. 

[carlfebz2]

When u hear/read a coin have a burning plan in their roadmap - is it a always buy in before and sell when it happen? ( Excluded shitcoins).

Depends on which coin.  If the coin is a top-rated coin according to Coinmarketcap, then it's good to buy before the burn. For the short-term trade, it's a good strategy to make some easy buck. When the CEO of Binance exchange CZ announces any burning date, BNB coin pump hard. It's the same for FTX also. A few months ago NWC team also burned a lot of NWC coins and when the announcement came NWC pumped hard. I also earned a few bucks for the burning news. But dont forget to use stop-loss because some bag holders also dump their bags in this kind of news/announcement. 

Yes,  it would really vary on the coins popularity and if this is just some another shitcoin  in the market  that make some burning then it wouldnt really be that significant but if we  do talk about main coins or top
ranking ones then it would really be signifying  some  good news that it could possibly pump.

Lessening the overall supply with high or able to retain or sustain the demand will really result into high price but this  isnt always a guaranteed scenario because burning effects could neither be seen

directly or in long term aspect but most of the time this would really be on long term basis if the demand will continue into a particular coin.

[Issa56]

If you hear about a burning system of a coin I think is better you buy the coin before the burning talks place because if a coin is been burn it reduce the total supply of the coin which everyone will definitely want to buy which will definitely pump the price of the coin so is definitely always advisable to buy coin before the burn which after burning you will definitely be in good profits.

[AliMan]

When u hear/read a coin have a burning plan in their roadmap - is it a always buy in before and sell when it happen? ( Excluded shitcoins).

Depends on which coin.  If the coin is a top-rated coin according to Coinmarketcap, then it's good to buy before the burn. For the short-term trade, it's a good strategy to make some easy buck. When the CEO of Binance exchange CZ announces any burning date, BNB coin pump hard. It's the same for FTX also. A few months ago NWC team also burned a lot of NWC coins and when the announcement came NWC pumped hard. I also earned a few bucks for the burning news. But dont forget to use stop-loss because some bag holders also dump their bags in this kind of news/announcement.  

We should be careful on this kind of situation which tried to feed with our minds, because news regarding burning was not really beneficial. Because if that token or coin reduced supply through burning plans has no good and strong support from holders and traders, we can't expect any positive outcome even though that burns will be successful.
All we need is the reality, in order to make our choosen asset increase at profitable value. One example of that is the reduced supply of ethereum, and I'm also hoping for other platforms to have this kind of strategy.

[Johnyz]

When u hear/read a coin have a burning plan in their roadmap - is it a always buy in before and sell when it happen? ( Excluded shitcoins).

You can buy before that happen and wait for the price to go up before you sell though there’s no guarantee that the price will start to pump easily but once you gain profit, you can sell it any time. Burning token is one of the strategy to increase the value of that project, so if you see it on their roadmap, that could be a good one.

[CryptopreneurBrainboss]

If you hear about a burning system of a coin I think is better you buy the coin before the burning talks place because if a coin is been burn it reduce the total supply of the coin which everyone will definitely want to buy which will definitely pump the price of the coin so is definitely always advisable to buy coin before the burn which after burning you will definitely be in good profits.

That's exactly what the project what the community to think which is why they implement this burning mechanism to bring in more speculators which has the sole purpose of wanting to profit from the burning event. Burning of a project tokens doesn't automatically guarantee an increase in price and some projects don't have the momentum to sustain that hypes that comes with burning of tokens.

Which is why the hypes only stays for just days before it dies out. If the project isn't attractive to speculators, no matter the amount of burning the project decide to initiate, it won't attract much investors like the like of other top tokens that has the mechanism already implemented that's because this tokens doesn't have the utility to convince investors to bet on their project instead of the thousands out there.

[Yatsan]

Burning plans usually came after the live sell or the event where mostly investors and potential buyers are into putting their money into a specific project coin. Mostly this happens when the totality of circulating supply is too high that makes the price low so to be able to somehow make the price high, the supply is being cut through the means of burning to be able to raise the demand with a limited supply that makes the value big. It is mostly stated on the road map of the project as the plan of the team developers.

[Wexnident]

It's usually better to buy the coin before the burning since burning is done in the first place to reduce the supply so that the price of the token/coin itself would rise up, that or the supply has blown over too much that they needed to reduce it so that they can regain control of the economy of the token. I say usually since it doesn't always apply, it's still an optional kind of thing and you would still need to judge yourself whether it would actually rise up or not. Checking out their white paper and judging whether the project would actually work is still the best decision.

[perfect999]

It's usually better to buy the coin before the burning since burning is done in the first place to reduce the supply so that the price of the token/coin itself would rise up

This is not the case of shitcoins.

I just wonder why they need to have big supply and then burning it when they one first hand itself, can create a coin/token with less supply?

Burning is for deceiving and definitely not a progressive related action for a development of a coin/token.

Reducing the supply alone will not guarantee growth of a coin. Swapping/burning are few latest traps, devs have these days to lure naive investors. Never fall for these.

[killerman2]

It will be nice to buy before the burning and you can see many of the coins that didn't pump after the burning and after the people know that it is going to increase and having much ability to move forward, then only they buy it. So , it would be better to buy before burning.