I remember deep in the bear market, some plebs on Twitter were literally burning their sats (sending to dead address) trying to get the price to go up
Was very sad to watch
But you gotta go through that bear market trauma to truly build conviction I think
How does this effect price 🤣🤣
No one burned sats to increase price. That's regarded.
Does burning sats even do anything? In theory it reduces supplies, but that doesn’t really change anything in the short term as someone will always be willing to sell at a low price.
Not really doing anything especially at a pleb level. Millions of BTC are burnt from the early days already, throwing away 10,000 sats ain't gonna do much
As someone who burns sats semi frequently. It's never done to increase price, that's just stoooopid.
Burns sats semi frequently? Wtf does that mean? Explain pls
Every month or so I burn some sats.
Is it some kind of ritual sacrifice?
Something me and a few others did during the bear. Made some good memes out of them. I'll share them when I get to my comp.
And no sending to an address. Proof of burn via op_return.
someone can sit here and say they will hodl till they die.
as saylor does.
but the only real way to know those sats wont be circulation, is to burn em
I APPRECIATE THE COMMITMENT YOU PSYCHOPATH 🫡 🤣
And the reason to remove from circulation is to pump the price question mark???
I definitely ain't hodling for life I'm zapping for life
I have no idea where 'pump the price' crap came from. I guess that could be extrapolated from someone saying they are reducing supply. But that was never a point of it, pumping the price.
Long history of people destroying sats throughout the years.
Taking sats out of circulation and making dumb memes about it.
What do you expect from regarded bitcoiners during a bear market.
I've burned maybe 400k sats over the last 3 years or so.
Holy retarded
