If “burning” is a greatest utility with coin/token you bought, chances are high that you probably invested in something with no future

And probably if you want to hold a long term you will get rekt. Probably. Your decision.

“We are going to burn 5% of our supply every 2 weeks”

If this is the only thing developers of the project are forcing, targeting, then chances are high that you invested in a shitcoin.

Not only that, but sometimes you will see a massive 50% burn immediately after the launch.

They will talk about great burning of 50% like it is the best thing in the world and the only thing that matters in crypto.

With that they will also try to hide their whales messing around with % of the coin ownership (for example on BSC scan, if you have 10m tokens and supply is 100m tokens, they burn 50%, BSC scan will show you as the owner of 10% while truth is you own much more then that. It is because BSC count the burn address in the pool aswell)

I don’t even know why do we keep calling it “shitcoin” when most of them are “shitTOKENS”.

Now I am not saying that you are not able to make money with it, its your call and your decisions, not all of them are a rugpull. Also some legit projects are burning coins, but that is not the main thing of their project.

If you plan to hold it long term, beware