Quote from: Rrita on Today at 05:43:41 PM

Quote from: AnoniX1 on August 08, 2021, 08:07:32 PM

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).

Depends on which coin. If the coin is a top-rated coin according to Coinmarketcap, then it's good to buy before the burn. For the short-term trade, it's a good strategy to make some easy buck. When the CEO of Binance exchange CZ announces any burning date, BNB coin pump hard. It's the same for FTX also. A few months ago NWC team also burned a lot of NWC coins and when the announcement came NWC pumped hard. I also earned a few bucks for the burning news. But dont forget to use stop-loss because some bag holders also dump their bags in this kind of news/announcement.

Yes, it would really vary on the coins popularity and if this is just some another shitcoin in the market that make some burning then it wouldnt really be that significant but if we do talk about main coins or top
ranking ones then it would really be signifying some good news that it could possibly pump.

Lessening the overall supply with high or able to retain or sustain the demand will really result into high price but this isnt always a guaranteed scenario because burning effects could neither be seen

directly or in long term aspect but most of the time this would really be on long term basis if the demand will continue into a particular coin.