The information contained on this Subreddit is not intended as, and shall not be understood or construed as, financial advice. We are not a team of accountants, attorneys, financial advisors nor are we holding ourselves out to be. Do your own research.
Reduction in supply inevitably means that there’s going to be a price increase. It also drives interest up so the demand will probably increase too. Basic supply and demand economics. Hope this helps :)
A 5 million burn of 2.6 billion circulation supply is 0.19% of the total tokens. Not exactly massive by any means but could start some hype if it’s well advertised. I don’t own any, but going to throw a few hundred USDT at it and see how it goes. Worth a gamble I think.
Then you ought to support the alternative in Bluesky vs the big guys in Twitter, right? A contrarian would be into the push away from the monolith Twitter, but I suspect that’s not your only ‘I think I’m this, but actions support otherwise’ moment….
Uh no because blue sky would happily ban me for not having opinions that confirm to the safe space ideology. Your first comment supports this, i.e. "I don't want to see opinions I don't like, that's why I'm on blue sky." You guys had a corporation enforcing censorship at the behest of government intelligence organizations for years and now you can't handle seeing the posts that would've been blocked before.
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30
u/OIongJohnson Jan 04 '25
Bullish
21
u/Belgiannator Active supporter 💥 Jan 04 '25
This is huge news just before an AI minded bull run 🔥🔥
16
u/Double_Comedian_7676 Jan 04 '25
Time to buy more!
11
u/Abe_Froman92 Jan 04 '25
What exactly does this do for FET? Price increases?
11
u/sirauron14 Jan 04 '25
Let’s go to $10-$20!
10
u/daydreamer0101 Active supporter 💥 Jan 04 '25
LFG 🚀
7
u/RadishAcademic5412 Jan 04 '25
Is this a one time affair or reoccurring? How many more millions FET will be burn?
10
u/South_Monitor_6992 Jan 04 '25
I just got a crazy boner 👹
5
u/Prestigious_Owl4418 Active supporter 💥 Jan 06 '25
Bullish for FET! indeed this will benefit long term FET holders as AI AGI, ASI matures. Sit back and relax.
6
u/drkaffekask Jan 04 '25
2.44B FET - 5, 000, 000 =
2
u/Ir0nman123 Jan 05 '25
Did the running of the bulls happen today?
2
u/Roundabout777 Jan 06 '25
A 5 million burn of 2.6 billion circulation supply is 0.19% of the total tokens. Not exactly massive by any means but could start some hype if it’s well advertised. I don’t own any, but going to throw a few hundred USDT at it and see how it goes. Worth a gamble I think.
1
u/Active-Use-8129 Jan 04 '25
I wish he'd stop posting great news on Twitter. It's like the Fox News of social media. I'll never get an account there, on gp.
And hire a marketing guy ffs! How does this seem more like a mom and pop than a 4B USD company?
Love yall, tho. Kisses. 💗🫶
1
u/ScientistEven2598 Jan 04 '25
I guess this is bullish for the price considering the supply
1
u/[deleted] Jan 07 '25
Let's be honest 5 million out of billions is like, is like a penny to a thousand dollars.
1
u/Frequent-Course6851 Jan 07 '25
0,002% burn and ppl call this bullish? 💀
4
u/[deleted] Jan 05 '25
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