Post
Topic
Board Speculation (Altcoins)
Re: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract
by
Lanatsa
on 11/06/2020, 21:40:25 UTC
As users increase and BOOM circulation speeds up, destruction of BOOM will also accelerate. Once a user buys BOOM, he/she can only sell 99% to others, so the ‘Price Increase’ Expectation will be there naturally. That situation makes users prefer to hodl, if the pump is not big enough.
What if users did not increase? what is the chance of a price to increase if no transaction happens? I have seen too many deflationary tokens and each of them vanish after some months, Im quite curious what developers are trying to prove with this kind of social experiment? So far I only see one deflationary token that has a purpose the "sta"   https://www.coingecko.com/en/coins/statera#markets

Well, there are many if and else in crypto industry and we can't say anything with authority until its proved. My take on deflationary tokens is that they have a great future and it will take some time for these tokens to get accepted by masses.
You got some point though but you cant really blame out people on why they can do make some presumptions into this kind of tokens which is deflationary.

Can you elaborate or do give out on why you do see these things have great future?  It doesnt really give out something which would the masses support.

Time will tell if this one would able to emerge or would automatically submerge.