Post
Topic
Board Speculation (Altcoins)
Re: FLIK 90% Burn?
by
Collett
on 12/10/2017, 15:00:34 UTC
Total market cap / Current coins = .13 cents

If you burn %80+ of the coins its worth 8x more/ ~ $1.00 with no trades, its automatic profit.

Hahahaha. Dude, the market cap will drop. Burning coins wont keep the market cap where it is, it'll lower it. And a coin is worth only as much as someone is willing to pay for it. You wont have any 'automatic profit'. Over time the price may rise due to less coins being in circulation, but with the amount of people buying to flip after the burn I'd think short term you won't be making a profit.