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RE: ADSactly Crypto: What Is Coin Burning?

in #cryptocurrency5 years ago

You can't really control the flow of coins it will always go to those who want it most by effort/mining/purchasing. No one can guarantee me that scarcity will increase the price, its more of a long term play in hope that you reach a point where the amount in circulation is getting the most value it can, obviously, you can't burn your way to a specific price. Burning is to remove dead currency not generating production the only way to really improve the value is to have more people wanting to use it in combination with a reduction in inflation.

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