For my little exposure to some ICO's has made me notice from many investors apportioning most blame on bounty participant as the main cause of dumping coin on market far less than ICO prices. Some claim since they really dash them the coin for free they really do not care about the market but rather dump them and go their way leaving the fate of genuine investors and managers at the mercy of this dumped coins. But i truly believe that bounty participant really engage their time and earn these coins of which some really don't dump just like that. What is the actual cause of dumping of most ICO coins, is it a matter of bounty participant, investors or on the part ICO managers concept of plan for these coins?
The fault of investors themselves in the fall of new tokens in the price when listing them on the exchange can be much more than the fault of the participants in the generosity campaign ICO. The participants in the generosity campaign ICO are allocated a few percent of the volume of tokens produced and besides, not all of them immediately sell their free tokens. Many of them expect that tokens will increase, in price and keep them. In addition, from my personal experience, I know that recently, when bounty hunters get these tokens, then by the time the price of tokens has decently gone down and it's simply pointless to sell them on the market.
I think that it is investors who are responsible for the fall in the price of new tokens when transferring them to the stock exchange. They buy new tokens at the beginning of the ICO process with discounts of 40-50 percent and it is very profitable for them to immediately sell them at an ICO price, receiving up to 200 percent of the profits. And they have a great opportunity for this in time. Therefore, you do not need to shift your guilt to bounty hunters.