Topic: Bounty hunters aren't responsible for dumps - page 6. (Read 1454 times)
Bounty hunters are really not responsible for dumps because the team members of the project didn't do anything to attract more investors and make their project well developed for continuous growth. Even bounty hunters sell off their coins from the rewards they received it is still not their fault because they only received a small percentage of their supply.
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 💯
If the project offers a very low allocation, for example 0.01% then you should abandon it. It's a very low allocation and their bounty will be very stingy, I've seen a lot of stingy projects like that, and they ended up failing. 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 💯
the allocation of funds given to prize hunters is indeed very small, so it has very little effect on the token dump if the prize hunter sells all the tokens given, all because of the large investors involved in the project selling all their tokens.
Obviously, that makes sense. Those bounty hunters just own small percentage from the total circulating supply. Unless most of the bounty hunters are also big investors of the project which I highly doubt and is not usually to happen. Probably, they are "not" the main reason for the dump or even for the pump of a certain projects. And good points, OP. This will clear up some misbeliefs of others.
I am just wondering, if aside from the supply and demand reason for a coin to affect the price, is the owner and the team possibly affect the price since I am thinking if they hold huge amount of that coin to easily dump or pump it whenever they want to?
I am just wondering, if aside from the supply and demand reason for a coin to affect the price, is the owner and the team possibly affect the price since I am thinking if they hold huge amount of that coin to easily dump or pump it whenever they want to?
I am active here since 2017. From what I have seen, promoters are responsible for 99% of the dumps. It is illogical to say that the bounty hunters should be blamed for dumping of tokens. As the OP pointed out, in most cases bounty allocation is 1% of the total pool or even lower. How can anyone crash the token price with such a small amount of tokens?
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 3 makes sense for me. And for sure if the project owners or staffs connected to the project telling bounty hunters are the response for the dumps, then for sure it's already fishy and sounds scammy.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%
Most of the allocations on every project especially on the ICO are on Investors or project owners/staffs. And we still cannot assure those investors are not totally connected with the project owners or in the project.
So, I don't think why are some people blaming some small-time bounty hunters earning a very little amount on the campaign?
Altho i agree with you, they can indirectly cause a dump.
A certain amount of hunters will decide to sell immediately because they want the good old BTC/ETH.
And by doing so, they might cause a cascade effect. By this i mean this:
1) Some hunters sell and cause the price to go down a bit
2) Some other hunters see price falling and panic (weak hands) causing even more of a dip
3) Some see this and also panic
..
..
..
Price dumps
Now, don't forget early investors. Biggest dump factor IMHO are bonuses which are given on presale. Some projects were giving up to 50% more tokens. So naturally, some investors will sell this bonus.
And this sale of bonus might cause the cascade again...
It's a vicious circle
A certain amount of hunters will decide to sell immediately because they want the good old BTC/ETH.
And by doing so, they might cause a cascade effect. By this i mean this:
1) Some hunters sell and cause the price to go down a bit
2) Some other hunters see price falling and panic (weak hands) causing even more of a dip
3) Some see this and also panic
..
..
..
Price dumps
Now, don't forget early investors. Biggest dump factor IMHO are bonuses which are given on presale. Some projects were giving up to 50% more tokens. So naturally, some investors will sell this bonus.
And this sale of bonus might cause the cascade again...
It's a vicious circle
The allocated % to bounty hunters are very small where it couldn't affects the market price of a coin if ever all hunters sell their coins.
Yes, it is very true, and I personally have seen dumper on a token before the bounty payment is distributed to all bounty participants, this is clearly not the bounty participant who did it, but other parties who get more tokens.investors are always given a bonus of 20-50% for every purchase of their token, and this makes a dump happen
The allocated % to bounty hunters are very small where it couldn't affects the market price of a coin if ever all hunters sell their coins.
Yes, it is very true, and I personally have seen dumper on a token before the bounty payment is distributed to all bounty participants, this is clearly not the bounty participant who did it, but other parties who get more tokens. 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 💯
The points you wrote down are very true, and if anyone accuses the bounty participants of being irresponsible dumper, this is wrong and even that person uses his brain to think, because it is very clear that basically the bounty participants are working on promotion on the bounty project for the sake of easier spread of information to investors, both through this forum and through their social media accounts, so it would be very funny if bounty participants were accused of being dumpers in the market, because they work only to expect payment from bounties, which sometimes only get coins. 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 💯
You are right they are not but the investors and the team think its the hunter's fault. We cant actually persuade them about their belief but being a hunter we should not think of it as negative from their feedback. What do they know? They just speaking their mind and they are upset that their investment is falling and thats how investment works there are times that they can gain and lose. There is safe investment, all of it are associated with risk.
Bounty allocation is very low it is not the bounty hunters, Yes, there is a possibility that it will dump temporarily but if the projects have investors 2% is nothing. Projects are blaming some hunters but they are one to be blamed, maybe their marketing is a failure or their tokensale does not meet at least softcap but they are saying that they reach hardcap and the result a very is volume on trading or they are the one dumping it. Only top exchange tokensale is good.
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 💯
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 💯
This has been the issue for a long time now, when the fact is only 2 to 5% of the supply are allocated for bounty hunters, if a project crash because of dumping of the bounty hunters then this project failed to attract investors , a good project will always have a good price and volume this is the indicator that the project is good.
I also think so they never give more than 5% prizes and the bounty hunters also do not sell them directly simultaneously, so if prices go down when listing maybe the project is not good or investors sell most of their coins.
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 💯
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 💯
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