InvestorsHub Logo
Followers 57
Posts 1747
Boards Moderated 0
Alias Born 06/03/2014

Re: armour1955 post# 53811

Saturday, 12/09/2023 12:54:03 AM

Saturday, December 09, 2023 12:54:03 AM

Post# of 58031
I’m not saying that I agree with it, but burning bone actually could be a win win situation. By burning some bone, it should help raise the price of bone. It would make bone a more attractive investment which would bring in more investors which would raise the price of bone even more.

What does this do for shib? It burns tokens faster. Right now, shibarium has accumulated over $1 million in transaction fees that should eventually get used to burn $100 billion shib. But imagine if the price of bone doubled overnight. Then we’d be able to burn $200 billion shib.

Not only that, the truth is that if we want to make enormous gains on shib, it would actually help to keep the price low for now so we can burn tokens faster. So be raising the price of bone and keeping shib low, we can burn shib faster. Then after hundreds of trillions of shib have been burned, the price can shoot up much higher and much faster. So by burning bone, it can have a positive effect on both tokens. JMHO.

Remember Tomorrow
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SHIBUSD News