Maybe because of the conflict, don't you think? I don't think the burning is the reason
i dont think burning affects price in any way, which is exactly my point, people claiming burning increases value of other coins, this is provably false, by the price decline.
I would rather say that the decline was stronger than the effects of the burning
They always will be.
Burning coins does not increase the price in USD of remaining coins
All it does
Is reduces how many slices of the pie there will be.
This is not the same.
How is that? Because the market believes there are 21 million? In reality a lot less but we can't detect how many are burned.
Burning coins will increase the price proportional to the ratio of burned coins to coins in circulation. For a permanent 1% change you need to burn 210,000 BCH.
If I burn 100 coins the price in USD is unaffected, as these coins would not be part of trading market anyway.
All it means is, I hold less bitcoin.
Yes yes, the way to affect the price is to restrict the supply *on the market* while making sure demand stays consistent or rises. If restricting supply decreases demand it's futility.
