Billions burning rate

[jrrsparkles]

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

The answer really depends on how long and how much the demand will be for this shit/meme coin until the next bull market.

I don't trust these influencers and whales because they are working hard for their benefits not for a common joe so think about it while thinking about killing those two zeros.

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[el kaka22]

The phrasing of the topic makes it sound like they burned billions of dollars. One billion shiba equals to would be around 16k dollars, that's literally nothing for a project. We are talking about a token at 11th position if I am not wrong, burning a few thousand dollars and you think that should mean something? It means absolutely nothing and not a good enough reason to invest.

People invest into shiba because they want to, if you want to then invest. Nobody could give a good logical answer to what would be a good reason to buy shiba, they all just say it can go up, and they want to and that's it, because these burnings are certainly nothing important at all, futile attempt to phrase it as good.

[shinratensei_]

reducing their supplies is always great in the long term since it could means there's higher chance of increasing its value but having the supplies reduced and increase in value is definitely different thing.
shiba inu could reduce its supplies and still have its value didn't increased because there's lack of investments, the thing with shiba inu is that it kinda requires tremendous investments in term of increasing its value considering most have already holding this coin.

[hichamito37]

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

I believe that if it keeps burning supply and lasts for a long time, this will have a very positive impact on Shiba's price in the long run. The problem here is that Shiba is a meme, so it is hard to say that it will persist in the market and grow in the future. Shiba is just a tool to manipulate prices so it depends a lot on sharks.

[jeha2015]

reducing their supplies is always great in the long term since it could means there's higher chance of increasing its value but having the supplies reduced and increase in value is definitely different thing.
shiba inu could reduce its supplies and still have its value didn't increased because there's lack of investments, the thing with shiba inu is that it kinda requires tremendous investments in term of increasing its value considering most have already holding this coin.

investors not only cares about supply burning but their want more it. shiba inu developers team must do another important thing to support its supply , creating utility will be second trigger for shiba inu . re-arrange tokenomic will be good step for projects that have huge supply , every token will clearly known how it will used.

[uneng]

What are few billion of tokens when compared to the total supply of 549.063.278.876.302 SHIB? In fact, it doesn't make any difference... News like this are just cheap propaganda for SHIB developer in an attempt to attract more investors to this memecoin. If you care about limited supply and burning methods, go for cryptocurrencies which have a compromise in making this system works efficiently and for real.
And never forget checking the real data to see the impact of such measures on the currency's price. After all, a measure to work must bring practical results and consequences on the reality that must reflect in trading volume, values, adoption and usage.

[Frengki_cisco]

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

Meaning that every burning that is sure the supply will decrease automatically, the coin burning thing, usually will have an impact on the price of at least Shiba in the last few days it has increased, although it doesn't have a big impact.

But I believe the doubling of shiba burning could affect developments in the market.

[wxa7115]

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

It is important to keep things on perspective when we are trying to make a prediction or asking for the opinion of others about the validity of our ideas.

The price of Shiba could be in fact be affected by so many coins being burned but it is not going to grow nowhere near as much, as you basically want the coin to go up 100x its current price and that is simply not possible for a coin that is nothing more but a meme coin, which may not even be popular by the time the next bull run appears.

[Gayong88]

This can be the main reason why we sometimes see the price drop too fast. No one really knows how many tokens will be burned. But I think this is a positive step that can have a big impact on the project. Maybe many people are worried about the overall token burning, but I heard that many foreign investors believe in the success of Shiba Inu.

[yazher]

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

Well, of course, that's the obligation to make the price increase in the future because the more they burn their tokens, the more likely the price increase with the constant development of their platforms and some updates that would trigger the price to increase. They have been doing it for a while now because they wanted to secure their investor's potential to further trust them on what they are gonna do with their project. With this tight competition in the crypto market, every project should not delay its development if they don't want to get left behind.

[Jancuki]

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

I think the reduction in supply will have an effect if a project has its own merits and advantages. If shiba reduces supply for the purpose of making the price better then I think the price increase will definitely not last long, because the shiba project itself in my opinion has no advantages except for a mere meme token.

[fuguebtc]

What do you think about Shiba inu billions of tokens getting burned from time to time? How do you think this will affect the price in the few years to come? Do you think believe that Shiba could kill two zeros in the next bull market? .

Well in general i always like projects that are burning tokens from time to time because this means that the supply becomes lower and therefore the token becomes inflationary which is usually always good for the price of the tokens. In regards to the burn of SHIB: Burning Billions of tokens sounds like a huge number at the first glance maybe but if you look at their maximum supply then you will see that a billion token is way less than 1%, even less than 1  per thousand, so the effects of burning a billion SHIB tokens are close to none in my opinion. In addition to that, SHIB is just a useless meme-coin and without a use case burning tokens also won't do anything.

Agree, no matter how many tokens are burned or the supply is limited, with a coin without utility it is very difficult to grow and become a popular coin, it is useless.

Overall shiba is one of the very impressive memecoins with what it has achieved in the market but it's still just a meme, so don't let its exaggerated marketing fool your eye. This should only be viewed as a short-term investment and should be stopped in time before regretting it.

[JoyMarsha]

Having them burn their tokens periodically is the best way to come up with because of their total supply. It's going to take years before the burning of their tokens takes effect on the price.
Let's just see how far they can go with the burning of Shiba tokens and the effect on the price thereafter.
If eventually the price of Shiba pumps, it will still be dumped by their investors.
Meme coins are just but pump and dump coins

[wxa7115]

Billions of tokens are burned, but how much of the total amount does the burned amount? Tokens like Shiba are constantly creating new hype for investors. They are good at marketing, but they are dishonest. I'm not rich enough to buy a Shiba and lose money. They can burn as many tokens as they want, I'm not interested in them.

We must also remember the price of any asset is determined by the supply and the demand, and burning tokens only affects one of the two factors, which is the supply, but it has no effect on the demand at all.

This means the developers of Shiba could burn all the tokens they want but if they are unable to raise the interest from the community then their actions will mean absolutely nothing, and if anything they run the risk of those actions playing against them, because if after such measures the coin still remains static when it comes to its price then the few which still hold Shiba may lose their trust in it and begin to sell their coins.

[Tony116]

Billions of tokens are burned, but how much of the total amount does the burned amount? Tokens like Shiba are constantly creating new hype for investors. They are good at marketing, but they are dishonest. I'm not rich enough to buy a Shiba and lose money. They can burn as many tokens as they want, I'm not interested in them.

We must also remember the price of any asset is determined by the supply and the demand, and burning tokens only affects one of the two factors, which is the supply, but it has no effect on the demand at all.

This means the developers of Shiba could burn all the tokens they want but if they are unable to raise the interest from the community then their actions will mean absolutely nothing, and if anything they run the risk of those actions playing against them, because if after such measures the coin still remains static when it comes to its price then the few which still hold Shiba may lose their trust in it and begin to sell their coins.

A coin that is scarce or in low supply that people don't need is useless. We know that before ETH moved to POS, before ETH didn't have a limited supply, but because it provides so many usecase for investors, its supply and demand are always high, creating real value for ETH.
In contrast, memecoins are different because they are just hype, burning the supply hardly makes any sense unless it turns out that they are useful in some way

[Morningstarr]

Do you think believe that Shiba could kill two zeros in the next bull market? .

Speaking of facts, the fact is that Shib does not have a maximum supply so you can mint more tokens Besides Shib is already pumped enough, and to reduce its current price by one more zero it would have to increase the market cap by ten times which is almost impossible, so I think it is unreasonable to expect more from Shib.

[adzino]

Billions? Who told you that billions of SHIBs are being burnt every day? As far as I know, only millions of SHIBs are being burned and the supply is on trillions, so it will take forever to burn the coins. And the more the price goes up, the less the coins will be burned. I doubt SHIB will take away one zero let alone two zeros within few weeks. If it takes away one zero, it is going to jump to the third position which highly likely is going to happen. Two zeros means it's going to take over bitcoin which will never happen.

[SistaFista]

Yeah, burning token to reduce it from circulation will affecting the price later or sooner.
It is one of the method to increase the value of the coin/token and it is good for the holders.
Shiba inu is #2 meme coin after Doge, most meme coins are not good, but i think Shiba is one of few good meme coins.

[Grim149x]

ithink soon if they will continue the burn and burn the shib will soon new ath again if the market will be bullrun again. so thats why all shib investors will be need more and more patience .

[ANSEL_2.0]

Shiba inu team needs to do more than that to be successful, this project has alreday given investors huge gains and it will be tough to continue been attractive to investors more so they need to come up with something new, burning isn't the only strategy needed.