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August 08, 2021, 08:07:32 PM |
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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).
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Freebitco.in refpool closed. DM for more infos.
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JeromeTash
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August 08, 2021, 08:16:15 PM |
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Buying before is the burn much better. Even way before the news of the burn starts circulating around the community and the price pumps. Selling when the burn happens entirely depends on your target and how frequent the burns are going to happen. If the burns are going to take place periodically, for a solid coin, the price could grow in the long run due to the reduction in circulating supply, so you could even wait for over 5 years if you want (Of course not shitcoins that die within a couple of years)
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Stalker22
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August 08, 2021, 08:19:23 PM |
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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).
In my opinion, it is impossible to generalize like that. There are many factors affecting the price of a coin / token. Just because a coin has a burning event scheduled doesn't mean the price will rise following it.
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crzy
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August 08, 2021, 09:17:13 PM |
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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).
Just look at the price of Binance every time they burn their supply, the price usually didn’t pump before and during the burning phase, it will just pump right after that where people realize that the supply is getting limited and still the demand is rising. So its a good idea to buy before the burning phase and hold until the price pump.
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Ryker1
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August 08, 2021, 09:59:40 PM |
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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).
Just look at the price of Binance every time they burn their supply, the price usually didn’t pump before and during the burning phase, it will just pump right after that where people realize that the supply is getting limited and still the demand is rising. So its a good idea to buy before the burning phase and hold until the price pump. Well the burning processes are those coins/tokens that are permanently lost or can't access assets that should be removed by the circulating supply and that is right, buying before there is a burning phase will potentially have profit but sometimes the coin/token owner did not announce usually events like this. There will be an effect on the price but for sure this is only manipulated, holding will not have an assurance to gain profit because tokens/altcoins did not deserve to hold in a long run.
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GreatArkansas
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August 08, 2021, 10:44:10 PM |
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Not all cryptocurrency with burning plans is always bullish. @ololajulo got a point, check always the tokenomics especially if they have these burning plans but look how huge their supply is, it's still no use if they have burned but don't matter at all because their supply is high then the percentage of they planning to burn is extremely low. Lots of already cryptocurrencies that already got rekt even they have burning plans.
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Clavulanic
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August 08, 2021, 10:52:23 PM |
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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).
Some shitcoins also had this strategies but it failed because people nowadays have been educated with tricky tricks from a cryptocurrency developers. Most coins who got this plans was part of their hype, and I don't think it's really doing great all the time, other whales make it as an opportunity to buy an initial holding prior bullish price will be reached. For those established coins like eth and btc, I believed everything is coming to an assurance compared with shitcoins.
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Hamphser
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August 08, 2021, 10:58:15 PM |
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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 you but always mind of about the risk because not every burning events would typically means guaranteed pump of a certain coin even its a top ranking one but still wont give out some assurance. Therefore, it would really be varying on your own risk management if you could really able to afford it out on investing into that particular project. Its your money then its your decision to make not on other people.
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harizen
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August 08, 2021, 11:33:16 PM |
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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 actually depends on the burning protocols. Regardless, you should not be based on that factor but instead on the overall structure of the coins before you choose a coin to invest in. Can you give example and let us look at that project.
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zanezane
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August 09, 2021, 04:40:34 AM |
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Burning means the supply is going to get cut off meaning that the prices are going to go down when the time comes that the coins get burned, so yes, it should always be buy before it happens and sell when it happens or when the prices significantly increased.
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lablab03
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August 09, 2021, 05:01:34 AM |
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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).
for me yes you should buy early coz when project is burning token there's always a good improvement after . But maybe not all, i mean it's still depends how popular the project is or let say how many holder they have, coz even a project burn if it didn't get attention form buyers it's useless IMO.. Perhaps they can cope if they will spread the news in different websites or even a social media as its the common way of everyone just to gained attention. Actually its up to you to determine which project is good especially when burning.. Just don't base on their roadmap and make sure it has a potential to bump after burning.
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Kimonoe
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August 09, 2021, 05:14:26 AM |
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right, by analyzing a project, we can invest, so that if there is a coin burning, it means it will increase the price, and we will get a profit. but not all burning will increase the price, because it is related to how much the project attracts investors to invest in it
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adaseb
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August 09, 2021, 05:15:42 AM |
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There is not enough data to back this up. Pull up a chart of BNBBTC and see for yourself. Basically the coin always pumped, except in mid 2019 to early 2021. There were coin burns in those dates however price against BTC didn't increase. So its not a reliable way to make money.
The issue with the BNB is that Binance got popular and got tons of volume so thats one of the reasons why it kept increasing in value. It increased due to its utilty and not necessarily the coin burn. Also the coin burn is such a low percentage of total supply. So you shouldn't expect much out of it.
My advice don't try using this method. You will most likely buy some coin and end up bag holding it even if it does burns once in a while.
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jacafbiz
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August 09, 2021, 06:01:15 AM |
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There is not enough data to back this up. Pull up a chart of BNBBTC and see for yourself. Basically the coin always pumped, except in mid 2019 to early 2021. There were coin burns in those dates however price against BTC didn't increase. So its not a reliable way to make money.
The issue with the BNB is that Binance got popular and got tons of volume so thats one of the reasons why it kept increasing in value. It increased due to its utilty and not necessarily the coin burn. Also the coin burn is such a low percentage of total supply. So you shouldn't expect much out of it.
My advice don't try using this method. You will most likely buy some coin and end up bag holding it even if it does burns once in a while.
When this concept was first applied to BNB, it used to pump the price prior to the burn event but later the market stop reacting to the event because it does not come from the liquid BNB tokens, I believe people will understand this soon with Ethereum, we have millions of Ether tokens locked up in ETh 2.0 and this is not moving soon but people tend to hype the few Ethers that has been burnt already as what will send the price of Ethereum to $10k, it is more about marketing narrative and who can sell it better
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electronicash
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August 09, 2021, 06:09:46 AM |
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in the case of BNB, be on board before there will be burning because by the time announce there will be burning that will happen, the demand will increase and makes the price go high. it does happen every time they announce.
ETH price today is really high but it could go more than 2x probably if they are going to be burning soon. speculations could be too much but we find it very exaggerating to see ETH more than $1000 back in the days.
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pealr12
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August 09, 2021, 06:29:14 AM |
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Buying before is the burn much better. Even way before the news of the burn starts circulating around the community and the price pumps. Selling when the burn happens entirely depends on your target and how frequent the burns are going to happen. If the burns are going to take place periodically, for a solid coin, the price could grow in the long run due to the reduction in circulating supply, so you could even wait for over 5 years if you want (Of course not shitcoins that die within a couple of years)
A good tokenomics should exclude token burn especially when the token is limited (not infinite mining like ethereum). They have the opportunity at the token generation to produce amount of token they can manage. Cases of burning unsold token after ICO could be different but I found announcement of burning in roadmap fraudulent and unattractive as investor. In essence you are saying project like binance bnb has no good tokenomics that's why they include periodic burning on their coin! I think this is just a miss conception people have, burning those not necessarily mean to increase price instantly but some people just assume that ones a token burn is announced it automatically translate to price increase, eth has an infinity supply with no token burn yet the price is high, I agree token burn should not even be something to consider if they team already done a good calculation of the accurate amount of token to generate, perhaps this another way of manipulation.
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Karish2return
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August 09, 2021, 07:00:15 AM |
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Coin burning is so vital within the cryptocurrency space that a few ventures have indeed based their agreement instruments on the deflationary technique; others have indeed gone so distant as to form a self-destructing computerized resource that burns a portion of the overall supply with each exchange. Which will give you much benefit as well.
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nelson4lov
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August 09, 2021, 08:35:33 PM |
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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)
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batang_bitcoin
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August 09, 2021, 08:54:31 PM |
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For good coins, definitely, that's such good news. Since there's recent news about burning and that's with Ethereum, we can see that good news gave it a surge. Every time whenever there's a good coin that has announced some burning that's going to happen and another example is with Binance. We're seeing the price surges for that coin.
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Rent this sig space so that BTC goes to $100k.
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milewilda
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August 09, 2021, 09:37:09 PM |
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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).
Not a solid thing for you to presume that it would really be making pumps after such burning events because it will always vary on the project itself if it does have the demand then for sure pumps will really be there but if we are talking in to a project which doesnt have any demand or popularity at all then burning would be insignificant because it wouldnt really make out any changes at all. Neither it would be giving off some effects or wouldnt have anything at all.It will always vary or do talk about on the popularity or demand of a certain project for it to have some relevant effects.
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