The burning of crypto to increase the market price

[Alexandoy]

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?

 

[sincerem]

That's a good mathematics you run concerning burning of crypto. When the owner burns half of the amount t of coins he owns by converting it into double in price that's simply worthwhile. It means the owner of the coin never lost a dime cos its still balanced when you calculate the market value of the total available coin in the market.

 

[Mika]

While I have not checked how to create crypto currency, I believe that can be done easily because there are many open-source programs to create crypto currency. Creating a crypto currency may be easy but making it successful is really hard because people would never trust a new currency. Burning can increase the price.

 

[Wisdom01]

I think most times when the supply of the token is very high , the developer could burn some to reduce the supply and obviously increase the demand of the market which would affect the price positively , this are some of the method been used by the developers to affect the market positively , there are many coin developers that have use this method several times