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/biz/ - Business & Finance

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8821930 No.8821930 [Reply] [Original]

do you have to be holding BNB the EXACT moment the coins are burned to benefit from price increase?

>> No.8821953

>>8821930
The absolute state

>> No.8821974

If you're holding the coins when they are burned, your coins may be burned as well. Those coins can get very hot. Always sell off your coins before the burn and then buy them back afterwards when they have cooled down

>> No.8821987

Don't play with fire if you're afraid of getting burned.

>> No.8821990

>>8821930
You need to hold 3 FAN for every 10 BNB
to keep the fire away.

>> No.8822004
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8822004

i was holding some coins and my house burned down . Don’t hold them they may start to burn in your house too

>> No.8822036
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8822036

>>8821974

>> No.8822041

>>8821930
Ignore these idiots. The answer is yes, coins are burned as a percentage based on how many you are holding, so your best bet is to spread your coins across lots of wallets so you don't lose as many.

Don't sell then buy back after a burn, the price always pumps because people buy in afterwards.

>> No.8822051

>>8822041
>>8821987
>>8821974

the absolute state. Binance buys up tokens and they only burn their own ones.

>> No.8822085
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8822085

>>8821930
>>8822041
I can't tell if this is /biz/ anymore just look at these idiots. You should sell your BNB before the burn if you don't wanna lose your money, nobody benefits from a fucking coin burn

>> No.8822088

Random coin burn memes aside, can we kill this meme that coin burns automatically result in an instant price increase? There still has to be someone willing to pay that price for a shitcoin.

>> No.8822093

Coin burn is a meme lvl trick to pump price short term.

>> No.8822126

>>8822051
>absolute state
mind telling me about the relative state as well?

>> No.8822155

>>8822051
>they only burn their own ones
The blockchain heats up and the heat can get transferred to your coins too, so watch out.

>> No.8822188

after thinking about this a bit more, i've realized that it's during binance's accumulation stage that the price would increase. the question is, did they already have all the tokens they needed a whole month or more ago? or will they buy the tokens up just before the burn day?

>> No.8822224

>>8822051
>>8822085
The absolute state of you retards. OP should spread his coins across a lot of wallets, to avoid losing coins in the coin burn, and make sure he sells after the coin burn and not before. Re-read OP's post, and tell me if you don't think he should follow my advice.

>> No.8822293

>>8822155
>The blockchain heats up and the heat can get transferred to your coins too, so watch out.
This right here. I personally recommend buying some blue or even white leds so you avoid as much heat in your computer's blockchain.

>> No.8822464

>>8822224
The absolute state of absolute state posters.
OP should put his coins in a cold storage because those are going to burn last when things heat up.

>> No.8822486

>>8821930
No they will distribute the price increase to every investor that has held BNB in the past.

>> No.8822492

Still no one is building a firemen blockchain in case of emergency.

>> No.8822516

>>8822093
>Decreasing circulating supply is a meme trick which only results in short term gains.
The absolute fucking state of /biz/.

>> No.8822574

Don't hold them in your hands, put them in a wallet.
It's "Cold Store" for a reason.

>> No.8822844

>>8822516
Tell us how a coin burn actually increases the price outside of a temporary pump due to retards and those taking advantage of retards. Burning X coins does not automatically create X increase in. To believe that it actually matters, you must believe that the mcap has more meaning than simply being the product of current coin price and number of coins. If the coin is a shitcoin, it is still going to be valued at what someone else is willing to pay. Maybe someone will pay more due to decreased supply, but its not automatic.

>> No.8822918

>>8821974
You seem to know what you're talking about. Do you know if they can use bnb to pay for the tx fees when they burn your coins?

>> No.8823038

>>8822844
The demand only needs to stay at current levels. If it does decreasing supply will mean the price goes up. BNB is the largest exchange so if crypto is successful it would follow that binance will help facilitate that. I won't go into the fundamentals of the coin except saying it halfs exchange fees. If you don't see value in that your a lost cause.

>> No.8823245

>>8823038
I see the value of BNB specifically, but I'm speaking in more of a general sense. Shitcoins won't automatically increase in value because of a cut in supply, unless the market dictates it. The market sets the price, which when combined with supply, sets the mcap (which too much focus is given to on /biz/).

>> No.8823663

>>8823245
Yes agreed. I was talking about BNB specifically. Sorry on my part for any confusion here.