Why is burning coins good

[ZAINmalik75]

Burning Coin mean reduced some % amount from.his supply. Which mean its supply become decreasing which is really for any project because by doing this the price of his project must be pump because we know that when demand is huge and supply is small the price will be bullish and when burning of any coin done his supply has reduced while demand become increase so that the reason that burning coin is good for any project

[Alanaz]

Burning coin is smart business strategy from developer how to make their coin could be interested, but not all burning can make coin pump depend how serious developer keep lock coin, some time have developer make burning coin but other side he sold much supply coin and make price keep dump. I most appreciated with many burning coin is success like Trustwallet coin burn more than 90% and make price pump from 0.06$ become 1$ right now.

In fact, the coin burning system is a very good thing and is quite feasible to do to make investors interested in coins that will indeed be burned because this can indirectly be profitable.
but for now the coin burning system has become something commonplace and it seems that almost all altcoins that really can't compete and that includes memecoin always use things like this to attract fans.
actually it would be great if coin burning was done but on the other hand with things like memecoin and shitcoin doing things like this indirectly made coin burning not special anymore

[livingfree]

Burning Coin mean reduced some % amount from.his supply. Which mean its supply become decreasing which is really for any project because by doing this the price of his project must be pump because we know that when demand is huge and supply is small the price will be bullish and when burning of any coin done his supply has reduced while demand become increase so that the reason that burning coin is good for any project

That's how it should be.

But, do you know that not all projects that do the burning of their supply aren't pumping in prices? There are many of them that are not seeing the effect as expected.

It is why many investors are not also falling for the burning for uncommon projects.

[Oilacris]

Burning Coin mean reduced some % amount from.his supply. Which mean its supply become decreasing which is really for any project because by doing this the price of his project must be pump because we know that when demand is huge and supply is small the price will be bullish and when burning of any coin done his supply has reduced while demand become increase so that the reason that burning coin is good for any project

That's how it should be.

But, do you know that not all projects that do the burning of their supply aren't pumping in prices? There are many of them that are not seeing the effect as expected.

It is why many investors are not also falling for the burning for uncommon projects.

Not all burning events would really be that relevant or would give out some significant effect because it would all matter on the demand.

When supply decreases out but the demand is still there then you would really be expecting those climbing of prices but  not an assurance

because it will also vary of the said burning event whether its really that interesting or not because not all investors would really be ending
up on having positive approach.

[Woodie]

Well explained @hazak   but what I don't understand is why projects have a very large pool of coins in the first place...Do the devs overvalue these projects & expect to sell all these coins and also get the green light to go with inflated numbers of tokens .Its only when the sale doesn't go as planned do they resort to balance the figures, because the issued tokens compared to the unissued is way below their target and burning some allows for value addition to existing coins and also stimulates demand around the crypto users.

[Kelvinid]

Well explained @hazak   but what I don't understand is why projects have a very large pool of coins in the first place...Do the devs overvalue these projects & expect to sell all these coins and also get the green light to go with inflated numbers of tokens .Its only when the sale doesn't go as planned do they resort to balance the figures, because the issued tokens compared to the unissued is way below their target and burning some allows for value addition to existing coins and also stimulates demand around the crypto users.

Might over calculated or they think that more tokens give them more demand and profit. They likely underestimate the market competition as they expect too much for their project.

Now, burning tokens have made sense as it become a strategy to make their price moves up. It becomes a common practice for those who have a huge market cap. Eventually, it works but I don't know if this is a sustainable strategy or not? maybe they look into some projects who did this first and it works but can't be sure if this works to worthless projects.

[Ryker1]

Burning Coin mean reduced some % amount from.his supply. Which mean its supply become decreasing which is really for any project because by doing this the price of his project must be pump because we know that when demand is huge and supply is small the price will be bullish and when burning of any coin done his supply has reduced while demand become increase so that the reason that burning coin is good for any project

That's how it should be.

But, do you know that not all projects that do the burning of their supply aren't pumping in prices? There are many of them that are not seeing the effect as expected.

It is why many investors are not also falling for the burning for uncommon projects.

Well perhaps it is just because that project is pure hype and controlled by the team behind that project. Because burning totally decreased the supply and it means there is a possibility that the price goes up and if still controlled by them, the price could be the same. Burning is good and I saw a lot of projects that burned tokens and after a month the price was increased rapidly. But it is indeed right --we did not know which project is being honest to their investors.

[livingfree]

Burning Coin mean reduced some % amount from.his supply. Which mean its supply become decreasing which is really for any project because by doing this the price of his project must be pump because we know that when demand is huge and supply is small the price will be bullish and when burning of any coin done his supply has reduced while demand become increase so that the reason that burning coin is good for any project

That's how it should be.

But, do you know that not all projects that do the burning of their supply aren't pumping in prices? There are many of them that are not seeing the effect as expected.

It is why many investors are not also falling for the burning for uncommon projects.

Not all burning events would really be that relevant or would give out some significant effect because it would all matter on the demand.

When supply decreases out but the demand is still there then you would really be expecting those climbing of prices but  not an assurance

because it will also vary of the said burning event whether its really that interesting or not because not all investors would really be ending
up on having positive approach.

It's just that investors aren't really interested.

A project that token burns yet there's not that much attention from the investors, they won't succeed even if they keep on burning.

Investors who are being wise won't just bite to those marketing and events about burning of their tokens.

[Mehedi72]

Burning or swapping coins were common ways and had been done before so that team could conduct their project perfectly. But right now so many projects have announced they'll burn their token! Some of those project may have proper reason but most of those have no need but want to make highlighting their project! Even some project don't burn their coins after announcement but pump their coin by using such hype strategy. 

[mdzahed134]

In every single new project first of all investors will focus for the token supply if It seems small cap coins when they will expected good price when it live on the exchanges, I think it’s a common perception. After burning some projects will increase but not at all. Even a lot of big projects burning token to increase significant growth. Though price isn’t control by team but they just try to increase the price in this way.

[terrorJR]

Burning or swapping coins were common ways and had been done before so that team could conduct their project perfectly. But right now so many projects have announced they'll burn their token! Some of those project may have proper reason but most of those have no need but want to make highlighting their project! Even some project don't burn their coins after announcement but pump their coin by using such hype strategy. 

for now it seems that burning coins is one of the routines of a coin that is most commonly done by almost all developers who do the projects they run.

and things like this now seem to have been misused by some bad people to cheat with the lure of burning coins then everything will be good even though it's just a trick to get people into the trap.
a lot of meme coin or shitcoin implement this now.
and from here we have to be able to sort out a project even though they do the same thing but their intentions are different

[JahriMeayer]

Its probably after seeing bnb burning strategy, now almost each and every project doing this common practice without knowing what they are doing but try to follow bnb'r footsteps.

A good project will think about it in detail to make people think more about what they are going to do.

Yeah a good people always gives regular update and care about their users. Shit project just create burning & some others hype, pump and then downfall. That's the reason, we see meme coins fly as a while then no news about those after hype end

[MIner1448]

I think such a process of "Burning" coins is an ice-cold attempt to save and without tokoo not a successful project of the developers. I don’t remember all such actions being crowned with success in any project. In general, if I hear that there is a "liquefaction" of coins, I immediately regard this project as a drowning man.

[jeungo]

This can be explained very easily, by burning you raise the value of the rest with the remaining liquidity. This works in projects where the emission is large, and the general group of the main holders does not give in to panic, then a lot of attention can be attracted in this way, and confidence in the project can be increased.

[Ngewex Yuk]

Burning is of course to match stock with demand, as we know that many projects provide large stocks up to 21 digits, and they burn more than 50%, of course this is a good thing to make prices go up and an easy way to kill zero.

[Blowon]

Reducing the total amount of existing supply is the burn that is most favored by the community. Sending a number of tokens by dev to the dead adress. Like 0x0000. Burn in my opinion, is an event that is very liked by the community as well as traders. Very influential in the rise of the coin. Usually coins can go up more than 20% with news burn

[velive08]

The intention of the Burning that is carried out seems to reduce the supply of Crypto, by burning the coins will decrease in circulation, resulting in an increase in prices in the future, meaning that with the reduction of coins due to burning, it will affect the growth of its value for the better. this is the purpose of doing it.

[Kelvinid]

The intention of the Burning that is carried out seems to reduce the supply of Crypto, by burning the coins will decrease in circulation, resulting in an increase in prices in the future, meaning that with the reduction of coins due to burning, it will affect the growth of its value for the better. this is the purpose of doing it.

This strategy is also very attractive to investors, however, there are some projects that do not burn their coins and yet investors are still investing. it means, the quality of the project does not base on burning its supply only, it's more on how the team will develop the project to improve, which means, we have to be careful in choosing an investment, don't invest right away if we read the words "burning of supply/coins" as it doesn't right away tells a pump of price.

[andeluna]

This is Good because this is just like the law of supply and demand if the developer of a coin burned certain amount of their supply it will probably decrease the supply so it will difinitely increase the value of their coin base on the money they get from the investors because for me this is the best thing to do to make the project more stable in the market and will not go to trash as other project become.

[Wong Gendheng]

If the coin burning technique aims purely to reduce the stock then this is good, but we have to be careful because many projects can also increase the stock so that burning coins is useless, but in general the coin burning technique is very good for increasing investor confidence because they don't worry if the price goes up so they sell slowly so that the price of the coin continues to fall.