Bounty hunters aren't responsible for dumps - page 5.

kingzpro

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Quote from: Gorosden on June 01, 2020, 04:12:23 AM

Here are points that bounty hunters aren't responsible for major dumps happening to bounty projects

Point 1.
Many bounty hunters hold tokens and coins they earn from bounties, not all of them are dumpers,

Point 2.
and it's ridiculous if a project dumps because of bounties and airdrops promotions that's suppose to drive in many investors for them

Point 3.
Bounties allocations are not even up to 1% of the projects max allocations, the most projects I've seen only gives out 0.1% and some even gives out only 0.01%

Point 4.
New projects go around giving too good discounts for early investors, an ICO price of 0.01$ turn to 0.005$ for early investors, what are they thinking? The moment this hits exchange and price starts at 0.02$ they will surely dump 💯

Although they blame bounty hunters for dumping all the time but i suspect the team itself for dumping because they usually sell their own inventory at exchanges to get more eth and btc and usually it is a red flag as it confirms that team is greedy and want to make the most out of their authority secondly the people who get the tokens for cheap during private and pre sales sell for small profit causing dumps because these are big investors so when they exit they cause serious crash.

DeadCoin

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Yes, I agree. Because that is the responsibility of the project owner, not the bounty hunters. Of course, hunters join bounty to gain profit, and most commonly of the bounty hunters are not holders like investors. They want quickly to earn once the reward is successfully distributed. The only solution I guess is if the company has a buy back the same amount to the bounty allocation.

But if that is a good project it will not dump in the market after listing.

bigcash2011

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Quote from: Gorosden on June 01, 2020, 04:12:23 AM

Here are points that bounty hunters aren't responsible for major dumps happening to bounty projects

Point 1.
Many bounty hunters hold tokens and coins they earn from bounties, not all of them are dumpers,

Point 2.
and it's ridiculous if a project dumps because of bounties and airdrops promotions that's suppose to drive in many investors for them

Point 3.
Bounties allocations are not even up to 1% of the projects max allocations, the most projects I've seen only gives out 0.1% and some even gives out only 0.01%

Point 4.
New projects go around giving too good discounts for early investors, an ICO price of 0.01$ turn to 0.005$ for early investors, what are they thinking? The moment this hits exchange and price starts at 0.02$ they will surely dump 💯

Well i have another view, i think if the token dumps as soon as it lists on an exchange, it is the weakness of the team and just goes on to show that their token and project has not been received well by the market so they need to think and strategize to make things better for their projecr.
Another big reason for dumping is low liquidity and less buyers in the market so if someone is in need or in a hurry to withdraw he will fill whatever buy orders he gets causing severe dump in price.

pandanaran

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Yes, as you said above, if we draw conclusions from the prize allocation, the prize hunter is not wrong. because prize hunters only get a few% of the total project prize. I think the dumper happened because the project team itself or the initial investor first received more tokens.

arjuna BTC

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Quote from: timmmers on June 01, 2020, 02:08:13 PM

But you have to realize that if team distributes for example 100 000USD to the bounty participants at a same day and the token doesn´t have enough liquidity, and all of these bounty participants decide to sell, it ia a big selling pressure and the price will fall until its find enough buyers. Wink

Maybe you are right,,
But, in my opinion not all bounty hunters will sell their rewards after they received mate,,
And maybe if the crowsale from the project succed,, ot at least can reach the soft cap,
why the team do not buy back the token at exchange to keep the trust from crypto investors

timmmers

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But you have to realize that if team distributes for example 100 000USD to the bounty participants at a same day and the token doesn´t have enough liquidity, and all of these bounty participants decide to sell, it ia a big selling pressure and the price will fall until its find enough buyers. Wink

xZork

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Quote from: Gorosden on June 01, 2020, 04:12:23 AM

Here are points that bounty hunters aren't responsible for major dumps happening to bounty projects

Point 1.
Many bounty hunters hold tokens and coins they earn from bounties, not all of them are dumpers,

Point 2.
and it's ridiculous if a project dumps because of bounties and airdrops promotions that's suppose to drive in many investors for them

Point 3.
Bounties allocations are not even up to 1% of the projects max allocations, the most projects I've seen only gives out 0.1% and some even gives out only 0.01%

Point 4.
New projects go around giving too good discounts for early investors, an ICO price of 0.01$ turn to 0.005$ for early investors, what are they thinking? The moment this hits exchange and price starts at 0.02$ they will surely dump 💯

There are two reasons why a project becomes a landfill: the weakness of the project along with the development team sold out the coins they own.
In fact the second reason often occurs in the cryptocurrency market. As soon as they attract investors and can put their projects to trade, the development team will sell out everything they hold and leave a pile of rubbish.

serjent05

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Quote from: Romeotom on June 01, 2020, 01:14:45 PM

There are some dumper and some holders. Here some bounty hunter want quickly sold and got money without seen those coins grap bad situation. Even unlucky some bounty hunter stay hold and do not want sales of the dumper timing.

If you consider the amount of token allocated to bounty hunters, they are just minimal. 1% to 5% of the total supply, where devs hold 20% to 30%. If the economy of the token is established this 1% to 5% dump won't hurt the market that much, it may go down for some time and will recover eventually. But the problem is that the price of these token never recover and these incompetent devs blame it to the bounty hunter who promoted their project. So they are saying that it is because of the bounty hunter when the price of their worthless token continue to go down.

MCDev

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The reason a project collapses and becomes a simple landfill is that it is inefficient and cannot attract investors. Those who blame bounty hunters are only trying to hide their weakness.
The supply of bounty and aridrop programs rarely exceed 1% of the project, so bounty hunters are hard to influence the price of a project.

Sanugarid

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What might be the truth about these scam projects is that they are lying to everyone. Promises are meant to be broken, they might be deliberately doing the dumps so every investors will be hesitated to sell. They will let the bounty hunters enjoy since these are only less than 2% of the total allocation, thus this will leave investors no choice but to stay but have you guys ever wonder why a certain project is plummeting even after a certain time period? Simply because the team is backing off without telling the investors. Soon they'll drop an apology message to everyone saying that the project has failed, terms and condition favors them coz they did not read them. With that they can just slip away without any legal problems. How is this theory?

Romeotom

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There are some dumper and some holders. Here some bounty hunter want quickly sold and got money without seen those coins grap bad situation. Even unlucky some bounty hunter stay hold and do not want sales of the dumper timing.

103deltafox

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Very well said, bounty hunters are never the reason for dump, the bounty reward is just a minute fraction of the total pool so while will that of bounty hunter affect the total pool,some time the dump could also be caused by the investor who were opportuned to buy at a bonus price or the dumping market generally could affect a token

ecnalubma

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Some investors claim that but they are wrong if they just look at the projects tokenomics they will realise that they are wrong. Dumps are only temporary its all about demand and supply, real potential projects could really bounced back unless its a garbage project and no chance to be survive.

Phoenix_PROG

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Discounts is the biggest enemy of ICO projects, if a project is very important and has better quality the project team don't have to use discounts to attract investors because it will eventually bring down the wall on them, it's not a good move

tbterryboy

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I agree that no one should be responsible for dumps of a coin/token but only the devs. Yes, they must have use-case based project which will definitely have value regardless of how hard dumps do happen on them. Only the project which are not focusing on developing a real-world application related thing, will get dumped when their bounty hunters are reward. I guess it is not right to stop the bounty hunters from dumping. Because, it is their earning hence they have all the right to do whatever they want.

Moreover, bounty hunters will save the rewards if they believe into the development of that project. When the devs do fail in gaining confident among their own bounty program participants how they will convince other common people to invest with then or adopt their project.

serjent05

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Quote from: Gorosden on June 01, 2020, 04:12:23 AM

Here are points that bounty hunters aren't responsible for major dumps happening to bounty projects

Point 1.
Many bounty hunters hold tokens and coins they earn from bounties, not all of them are dumpers,

Point 2.
and it's ridiculous if a project dumps because of bounties and airdrops promotions that's suppose to drive in many investors for them

Point 3.
Bounties allocations are not even up to 1% of the projects max allocations, the most projects I've seen only gives out 0.1% and some even gives out only 0.01%

Point 4.
New projects go around giving too good discounts for early investors, an ICO price of 0.01$ turn to 0.005$ for early investors, what are they thinking? The moment this hits exchange and price starts at 0.02$ they will surely dump 💯

Well said, these scum developers are just making excuses blaming bounty hunters for the dump. The truth is they are the one dumping and/or those private investors (presale investors and angel investors) that are dumping hard. They just use bounty hunters as a scapegoat, but if they pay them (bounty hunters) in BTC or ETH, for sure their token will still be dump because scum developers hold the majority of the token and they are really the one dumping the token.

Ifemini

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There are consequences for every action

The crypto currency world knows that Bounty hunters is not responsible for dumps on the market, the truth is just that Bounty hunters are easy blames, and it is rightly so because no one can defend Bounty hunters

And it is one reason why exchange like binance will demand hunters reward slashed into 3sections.

aakay

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That is what most of these projects fail to understand. How can you conclude that a group of individuals who collectively do not posses up to 5% of your project token is the cause of dumping. Sounds funny though

bluebit25

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But if they do not make good offers to investors early, then I believe the project will be very difficult to succeed. So most of the projects that completed the ICO or IEO thing collapsed and the price dropped many times afterwards

meanwords

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Quote from: Gorosden on June 01, 2020, 04:12:23 AM

Here are points that bounty hunters aren't responsible for major dumps happening to bounty projects

Point 1.
Many bounty hunters hold tokens and coins they earn from bounties, not all of them are dumpers,

Point 2.
and it's ridiculous if a project dumps because of bounties and airdrops promotions that's suppose to drive in many investors for them

Point 3.
Bounties allocations are not even up to 1% of the projects max allocations, the most projects I've seen only gives out 0.1% and some even gives out only 0.01%

Point 4.
New projects go around giving too good discounts for early investors, an ICO price of 0.01$ turn to 0.005$ for early investors, what are they thinking? The moment this hits exchange and price starts at 0.02$ they will surely dump 💯

That's the misconception that people always says. Although it's not the investors fault but I disagree with point 1 because the majority of the hunters are dumpers. That's probably why people (investors) are blaming bounty hunters BUT it was really the investors that gets the majority of the token from a project. Even the investors themselves are the major dumper of the market.

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