Quote from: Landak on November 07, 2019, 03:59:58 PM

Quote from: Mahanton on November 07, 2019, 02:27:43 PM

Quote from: conex on November 06, 2019, 08:38:14 AM

Will it happen? XLM is the coin im holding for quite a nice time, fingers crossed!
https://cointelegraph.com/news/will-stellars-55-billion-xlm-burn-trigger-a-new-bull-cycle

Burning or not, bullish runs will always matter on community support but this is way more better since entire supply would be lessen due to this burning event.
Price rise will happen if theres demand but if theres zero then i wont see any changes for its price even they do made such decreasing of their supply.
Too early to say though but its possible.Time will tell.

yep, burned but there is no demand to buy, bullish moment will not occur.
yesterday I see an increase in prices on xlm but now back again to the previous price. it is just like temporary bullish Roll Eyes

.
indeed only time can answer.

The total supply gets burned but stellar has nothing to do with its purpose. The smartcontract that already built in the stellar platform doesn't work perfectly because it has been using by so many scammers to issue assets.
The price go back again to the previous rate because those traders are putting short expectation to the stellar. The developer has burned their money.
This will be a very interesting thing to follow where stellar will go.