🔥Is the solution for BOB to burn double-digit amounts of circulating coins? 🔥
Let me explain: forcing appreciation in this way actually has the opposite effect; it tends to reduce the value in the long term. This is what usually happens in the stock market when a 1:100 stock grouping occurs, for example.
Of course, in this case, for the burn to have any effect, it would need at least triple-digit amounts. Thus, BOB would go from just over 430 trillion coins in circulation to billions, which is still a lot!
Another point is the very short-term behavior of all those eager for this burn: they would rush to sell, and as a consequence, the overall price of BOB would fall and continue to fall because people would be trying to recoup their losses.
So what's the solution? Organic engagement with the coin, that is, a genuine interest in moving the coin and increasing its users! How can this be achieved? Define a practical purpose for it, as they did with Bitcoin in its infancy. For example, it was offered as a free gift with pizza purchases; they could give a discount on any purchase when someone paid with BOB!
What's up, community? What do you think? Isn't it time for a fresh perspective?
Just look at this excellent example of the currency $FUN it gives for a trading bot:
Consistent movement with values between 0.001243 and 0.001480 Eventually it may go down, but just hold the anxiety and the chart will return to the operational zone again. I took a while to learn to observe these details, and the chart, but I hope I have helped. Let's keep exchanging ideas... #BotTrading #TakeProfits
Now a pill of wisdom: in the midst of a sea of defeats and red numbers, if your asset is stagnant or has a -1% increase, feel extraordinary! You are doing very well, ok?
Bora galera ! Está tudo derretendo! Mas como não conseguimos ficar de fora desse agito , bora participar do torneio de $SAHARA Vale criar bot, vale comprar na anualmente via Spot, só não vale ficar de fora!
I witnessed! $ROBO At that moment I was very calm making random trades just to reach the limit of 1k in trades to participate in the promo. Then I saw for the first time in my life the tsunami coming!!! A giant green candle formed! It went from 0.030 sideways to 0.041 in 5 minutes, my heart was in my mouth! It quickly returned almost what it was before, but the excitement was strong!! And I just trying to participate in the token distribution promotion, resulted in this back and forth of trades and this carousel of emotions, I lost 300 dollars
I here made a bet… a situation considered an anomaly of my algorithm caught my attention: a sudden drop in value outside the standard and the identification of the currency $THE rising in searches and appearing on the current HOT list.
For the first time, I feel aware in the crypto world: I made a profit and liquidated $PIXEL for 0.01422; it could have been more, but at that moment, keeping a cool head and protecting the gained profit is essential!
Here the mind can try to deceive us and get us emotional, making us leave and attempt to reach a higher step, but take your profits even if they are small! #TakeProfits
Convert 112829.86458985 PIXEL to 1604.44067446 USDC
And now?? Is it still worth entering $PIXEL or is it FOMO?? I would say yes! Remember that it hit the value of 0.018 and then retreated, meaning there is a ceiling to rise and the market is absorbing!
Are you scared? Normal! There is still hope in $WIN and in the recovery of $0G