Post
Topic
Board Trading Discussion
Re: Burning plans
by
Shasha80
on 10/08/2021, 01:48:00 UTC

When u hear/read a coin have a burning plan in their roadmap - is it a always buy in before and sell when it happen? ( Excluded shitcoins).


The only possible scenario that comes in my mind was there's a tendency that the price will increase after supply has been reduced. Most holders have to take opportunity of this developments, because they thought about profit when sudden increase will be commencing.
Carefully also when you buy, wait for hype to come then it's our perfect time to go along with the flow of pumping market.

Coins with a limited supply usually go up in price faster than an unlimited supply. Especially with a limited supply, after that the coins burn and make
the supply decrease. It is certain that if this happens the price will soar up, therefore many investors expect the burning of coins, so that the price
can go up. The most important thing is that we must be careful in making decisions, we must know when to enter and when to leave market.
So we can take profit when there is a burning of coins, because that moment is rare, so we should be able to take advantage of it.