Yes, bigger burns are needed. Not nearly as big as people think though. I think we just need to burn enough to convince the masses that buying and holding shib is a smart move.
The beauty is that when the price is low, it makes bigger burns possible. Eventually there will be an inflection point where we have enough investors with a decreasing supply which will keep the price going north. So I’m not worried about what’s happening with the price right now. It’s a strange situation where even if the price goes down, that actually might be helpful in the long run.
I understand why that seems to make no sense. It sure can sound crazy, but it is how I believe and hope it will go. So for now, I’m not at all concerned with the price. I’m just concerned with fixing the blockchain and getting the rest of the ecosystem going.
Again, these are just my opinions and I hope I’m right. Please make your own decisions when investing.
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