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RE: Is Burning the Best Way to Save Steem from Inflation?
Honestly i don't know if burning steem brings up the price or not because price is something traders/investors decide so unless we get a huge high buy wall price won't get much of a nudge in my opinion
That is in the world of trading yes. But what happens when we think outside of the box ?
Trades impact the prices does it not for example lets say they burnt 10000 steem but the lowest sell on trade sites is below 0.2$ with a wall of 100000 the price won't go up easily because of the sell wall and since that one user isnt selling for higher it would make everyone else sell only a tad bit higher meaning sell walls of 0.2 0.21 0.22 like that