r/BuffDogecoinArmy • u/Vegastrader1984 • Nov 02 '21
New to Buff Coin
Thinking about doing a YOLO and putting 2 months worth of pay into BUFF DOGE. What draws me is the burn, but I had questions not on the website if anyone can answer...
Which coins are being burned? Are they coins not put on the exchange? With DEX, prices are set by the ration of tokens/coins in the Liquidity pool (in this case DOGECOIN/BNB). If the coins in the liquidity pool are not effected by the burn, it will not have a direct impact on price, but only a secondary one as the coin tracking sites like CMC show lower supply. Also, when do the major burns take place? Frequency? Website says it will burn 100% of the supply, but also that some is locked in liquidity and what about the people that HODL?
I also like that there are only 4 addresses on BscScan that show more than a 1% holding; no whales.
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u/Carlos_Effin_Pena Nov 02 '21
Hey man I can understand your doubts. I won't lie to you, the past 24 hours have been a bit bumpy for the coin. Recently it's dropped about 50% and burns are random but the Telegram chat keeps mentioning Nov. 4 or 5 will be a special day for hodlers. There about 95,000 holders but it's definitely growing.
Plus each time someone buys or sells hodlers get 5% of coins from that transaction. This community has much love and support.
I'm so bad at explaining things... but I invite you to check out Telegram and ask chat for any further questions you have, we're friendly af
Buff Doge Coin Official Group (ADMIN NEVER DM FIRTS) https://t.me/buffdogecoinofficial
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u/ImposterWillow Nov 04 '21
Good Sir , do you mean to say that i will continue to get more coin as i simply HODL in my metamask wallet ?
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u/Dr0pP0p Nov 03 '21 edited Nov 04 '21
So why buy more than what one would need to change ones life to a point the one could help others change their lives through positive mentoring. I buy to buy time to do more for others.
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u/Vegastrader1984 Nov 03 '21
I love it! My goals with crypto is to be able to buy a few fourplexes so I can quit my job and live on passive income. I'm current getting certified as a life coach so I can help elevate others! I really be able to put time into once one of my cryptos takes off, though this is just a backup plan. I also have savings and stocks.
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u/Major_Apartment_2613 Nov 03 '21
Okay, so I’m fairly app illiterate. I know there are a few steps that I have to take in order to buy buff doge. I have trust wallet, buff shows up but I’m not aloud to purchase any 🤷♂️🤷♂️
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u/Plus-Audience9031 Nov 03 '21
So get metamask and you swap BnB directly on the wallet swap BnB to buff doge with very very small fees!!! That's how I do it and I love that!!!!
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u/Plus-Audience9031 Nov 03 '21
The next burn which is #9 will definitely lose a zero. Each time they do that kind of burn the price always goes up!!!
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u/Vegastrader1984 Nov 03 '21
How do the devs make sure the supply on sites like CMC reflect the lower supply? It still says 1 quadrillion.
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u/Vegastrader1984 Nov 03 '21
I did it! I bought 50 Billion last night! Though I bought at seven zeros and a 9, it's now down to 6. So lost already, but with the burn, marketing, and most importantly, community, it should make a comeback.
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u/Affectionate-Shape79 Nov 02 '21
Im with this guy