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Sk8eM dUb
replied 2192d
En Fri Mand
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.
replied 2192d
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.
Sk8eM dUb
replied 2192d
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.