How do you know that? Who says they don't make a price increase?
RE: What do you guys think about burning those unclaimed Airdrop Blurts???
You are viewing a single comment's thread from:
What do you guys think about burning those unclaimed Airdrop Blurts???
Logic, Common Sense, invariably you!
If the coins aren't claimed then they aren't on the market therefore they cannot make the price increase, if you start fucking with people's money I can see them coming out of the woodwork to dump it all, as was mentioned above if you would have stopped for a moment to think about it. In a debate you make a claim, such as 'burning the tokens increases the price' and you proceed to list the reasons and the method that substantiated your claim, if you don't your opponent will simply denounce it as nonsense, without reason or way to be sound or substantiated, try it before you open your mouth and make declarations that make you look retarded because you couldn't have considered what you're suggesting, like a moron.
This was meant for outofthematrix.
He's correct. The market typically has a couple of hundred dollars volume daily, the majority of Blurt for sale sitting there as most buying have purchase orders waiting to exploit the low demand and desperate hands.
If there were a velocity of millions daily such as Hive has, it could be arguable. The fact that there is many days a demand of a few hundred dollars or less means those tokens sitting unused in accounts have zero bearing on the value of Blurt.
Possibly in the future of Blurt, but there is nothing so far to indicate it is heading that way as of right now.
I was assuming, that those tokens also show up in the overall token number...?
So what if you assume that? Do you not recognize the obvious implication that if the coins aren't on the market or traded they don't, and cannot effect price?
Ok, then so be it... And a psychological effect by reduction of supply?
You mean people will dump their stake because it might get 'burned' otherwise? Intended vs unintended effects.
I mean, if there is an all in all reduced token number, that it could trigger buying behavior..
Why would that be, because less tokens means more desirable? Why would people buy into a chain that just burned tokens?
Yes, why not?
Huh???? ShibaInu is burning all day every day i.e.: https://www.shibburn.com/
yep
He's correct. The market typically has a couple of hundred dollars volume daily, the majority of Blurt for sale sitting there as most buying have purchase orders waiting to exploit the low demand and desperate hands.
If there were a velocity of millions daily such as Hive has, it could be arguable. The fact that there is many days a demand of a few hundred dollars or less means those tokens sitting unused in accounts have zero bearing on the value of Blurt.
Possibly in the future of Blurt, but there is nothing so far to indicate it is heading that way as of right now.
Ok, I still don't quite understand it, but thank you very much for the insight!
the market price of blurt is purely a function of how many tokens are currently for sale and how many buyers want those tokens
the "grand total of all tokens in existence" is not part of that market value calculation
Ok, I have understood that in the meantime... Thanks! 🙏😉