Really Burn helps Token in positive way?

[VFalcon]

If you are afraid to risk your money in such tokens, then do as I did. My opinion is that it is better to invest not your own money, but those that won for example in Cash Giving Day tournament there the conditions are very simple and everyone can get a small amount for future investments

[1715144963]

1715144963

[1715144963]

1715144963

[1715144963]

1715144963

[batang_bitcoin]

If you are afraid to risk your money in such tokens, then do as I did. My opinion is that it is better to invest not your own money, but those that won for example in Cash Giving Day tournament there the conditions are very simple and everyone can get a small amount for future investments

I have thought of other things on this one when you have said that people shouldn't invest with their own money. Well, I've thought of investing others money but no. It's better to invest only with your spare money from wherever it come from. Not everyday there are tournaments and not everyone is able to participate into these type of tournaments and that's why they don't have that type of money but if it's about the spare, many of us do have.

[TimeTeller]

Investors and holders who don't know about burning mechanism, demand burning as if token their invested altcoin will skyrocket after that but the process isn't working thus way. But after announcing burning, people start investing that altcoin and so price get increased. It depends of that altcoin how they'll take manage to take advantage throughout this process. Although memecoin with huge supply, burning are different, it Doesn't impact but team create hype by themself based on burning news. Shiba buring doesn’t really Impact but after burned shiba inu from vitalik buterin, effected a lot on its price which is rarely happened

The burning mechanism can help a token to become strong and withstand bear if this seems to go wrong. Some many tokens that is built on Proof-Of-Stake need to be burn or else the worse might happened. There are many crypto projects that is been built on Proof-Of -Stake and the only thing we can do to help the projects is to keep staking it apart from buying and holding. This help the liquidity of the token to be strady and keep going bull if there is no mass selling or dumping.

It will only help if the token itself has some solid use case that can survive with the competition.
But if they will rely in the burning aspect of growing its use case, then I think, it will easily go down later on.
This is why most meme tokens have short lifespan because they have no reason to exist to begin with.
They are only relying from naive traders that will join their market and hoping that at some point they can cash out from it.

[poodle63]

It's all about supply and demand. Reduce the supply demand goes up along with the price.  but you gotta annihilate a chunk large enough to really shake things up. and  otherwise its just a drop in the bucket that no one notices.  So maybe we just need more bonfires going to make coin-burning actually do something.  Though at some point destroying all the coins defeats the purpose don't it? Gotta strike a balance. But at the same time, it doesn't matter how many coins you burn if there is no demand. Many shitcoins nowadays use the burn process as a marketing ploy, to attract more attention from the community. Many of them fail because at the end of the day, they are still shitcoins.

they are shitcoins, and with low demand at that, if it was shitcoin that was fancied by so many peolpe like for example some meme coin like doge coin that have burning plus gettinh shilled by elon then the burning would be massive despite just a shitcoin, its matter of demand, the point of burning is that, so it could double the existing value of certain coin due to high demand and limited supply but that won't work with coin that not many truly demanded like shitcoin without community, etc.
and indeed so many shitcoins are just using it for marketing ploy, trying to give that image of scarcity, but people with normal mind will definitely know at first glance that the burning of these shitcoin with low demands doesn't mean anything.

[livingfree]

It will only help if the token itself has some solid use case that can survive with the competition.
But if they will rely in the burning aspect of growing its use case, then I think, it will easily go down later on.

Exactly.

Those legitimate projects will be helped by burning their tokens and that's going to be visible through their value and pricing. But for the tokens that don't even have a sense to own, they won't just get the attention and help from their own markets.

It is wrong to think that when a project, like any project does burning, the value of their token will increase. No. It doesn't go like that, there's a market explanation that it is not like what people are thinking.

[Obim34]

In some way we can say token burn helps, but you can only see the effect of this burn only on tokens that has potential and is relevant for continuity in the crypto space, any crypto currency with out a future does not feel the impact of token burn and often use it as a stretegy to collect more money from investors as they promise to burn huge part of the supply, even at the very burn their is still no effect or good result the price still remains the same or even dip more as the demand of the coins is still no good to make a pump.
Where else, token burn plays huge part in some crypto currency as immediately their is a burn you see a huge pump so those who entered before the token burns makes good profit that is why it is now deployed by most shit coins with the sole aim to scam more money from investors.

[Belarge]

Exactly.

Those legitimate projects will be helped by burning their tokens and that's going to be visible through their value and pricing. But for the tokens that don't even have a sense to own, they won't just get the attention and help from their own markets.

It is wrong to think that when a project, like any project does burning, the value of their token will increase. No. It doesn't go like that, there's a market explanation that it is not like what people are thinking.

We have numerous projects in the market and we might never know which of them are abandoned and the ones that are promising for good road map. We just have to apply our techniques towards these tokens and balance in well structure spot to triggered investment in these tokens. We have legitimate projects in the market that's waiting patiently for the bull season, and some might not also survive the bear season. Burning of these tokens are done for the aim to pump the coin to the moon, probably one of the few ones will be targeted by top whales and some will not make it up to the list.

[Sophokles]

Exactly.

Those legitimate projects will be helped by burning their tokens and that's going to be visible through their value and pricing. But for the tokens that don't even have a sense to own, they won't just get the attention and help from their own markets.

It is wrong to think that when a project, like any project does burning, the value of their token will increase. No. It doesn't go like that, there's a market explanation that it is not like what people are thinking.

We have numerous projects in the market and we might never know which of them are abandoned and the ones that are promising for good road map. We just have to apply our techniques towards these tokens and balance in well structure spot to triggered investment in these tokens. We have legitimate projects in the market that's waiting patiently for the bull season, and some might not also survive the bear season. Burning of these tokens are done for the aim to pump the coin to the moon, probably one of the few ones will be targeted by top whales and some will not make it up to the list.

That is not true because there are ways to find out a project is abandoned or not. Just look at their social media and their github commit. If they are active in the social media with various events and update they are active and if their github repo has frequent commit, then the dev is still working in the project. These are some good signs that can give us confirmation that the project is not abandoned. Another thing you can keep an eye on is their partnership update. A active project frequently updates their community with partnership announcements.

[irsykes]

depending on burning the token, if it only burns a little but the total token supply is not comparable, there will be no change or movement in the volume. There are several projects that I see that are just marketing tricks to attract investors, so you have to be careful in looking for clear information about the project

[nimogsm]

in the long term, this is, of course, a working tool to reduce the total number of coins or tokens in circulation; the fewer there are, the easier it is to raise their price, which is also important. But this will most likely work more with large projects that are aimed at long-term work and have profit for redemption of tokens.