Comments by "Ron Burgundy" (@ronburgundy4375) on "SHIBA INU GETS SHOCKING ON-CHAIN REPORT - HODL THE COIN NOW" video.

  1. I love how everyone thinks they're a pro investor but can't do basic math. 594,100,000,000,000.00 is how many coins exist that's 594 trillion. If we burned 125m per minute that's 7.5b per hour 180b per 24h 1.26t per week 60.48t per year... It would essentially take 10 years at that rate to burn down to a respectable supply like 1b coins (for any crypto that's not designed as a stable coin to survive it needs to become a good store of value) now the issue is even with a burn rate like that people would be continuing to buy and hold because they're greedy hoarding hundreds of millions to billions of coins and adding more thinking they're going to get rich off of this shit as it is. But again basic math if you had 1b coins and it gained a 594b market cap we would see 1 cent and with 1b coins you'd have 10m dollars... That money would be better utilized mass burning because if you had 1m coins and the supply was reduced to 1b at a market cap of 549b you'd have 549m dollars.... Basic math so unless everyone involved with shiba starts reducing their supply by burning and buying and sending to the burn wallet it's dead in the wallet. It'll never happen but nobody can tell me if everyone collectively gave them selves 1m coins and spent 10k over time burning to get 200m-500+m dollars that's a bad investment. Burning and reducing the supply is more benificial and that's where the real utility comes into play is it being a store of value. Hodling doesn't help anything
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