Alexandoy
VIP Contributor
This topic is part of my curiosity on the crypto coin. One of my questions got an answer in another forum – burning crypto to raise the price can be done by the developer only. The example was 1 billion at 50 cents. If the owner would burn half of his crypto then he would be left with 500 million at 1 dollar which means he had not lost in value.
In principle, yes, the developer did not lose value but when the price goes down again then that is clearly a loss because of the huge holdings.
This discussion leads me to another question. How can a developer create crypto? What if all of us would be creating our own crypto what do you think will happen?
In principle, yes, the developer did not lose value but when the price goes down again then that is clearly a loss because of the huge holdings.
This discussion leads me to another question. How can a developer create crypto? What if all of us would be creating our own crypto what do you think will happen?