Topic: BOUNTY HUNTERS: THE CARRIER OF ALL BLAMES IN NEW CRYPTO PROJECTS' PRICE DUMP (Read 713 times)

I dont know why some think that us bounty hunters are the ones to blame when the price of coin dump,  a carrier of blame and sometimes no payment or reward coming from the project itself.

If the project is worthwhile, then after the distribution of rewards for participation in the bounty in campaigns, it will, of course, drop in price, but in the future it will keep "afloat", or even increase in price. Otherwise, nothing will help if the project itself does not really represent anything.

Nah i do agree with it, the main problem was on the mismanaged by the team but the team was putting the bounty hunters as a barrier and then when investors were blaming due to the price decrease or something else and it will be seeing the hunters as the main reason even when the bounty tokens are not yet distributed too.

That's quite strange if investors didn't even manage their mind to think about it correctly.

Hunters are "Always had been, and always will be" the one taking the blame. Im not quite sure if this will stop any time soon. I guess hunters are just use as one of the scapegoats or reason of a mismanaged / failed project.

as we wrote above, you always need to find someone to blame, and hunters are really suitable for this, despite the fact that investors have a number of tokens many times more than hunters, and it is not fair to blame the hunter for this, someone invests money getting tokens, and someone works for this, spending their time and effort, but in the end it turns out that

You know i think in a away this partial payment introduce by most project teams are a blessing in disguise, just like you have already pointed out, many project still suffers a huge price drop even with the partial payment to hunters,  which in this case vindicate hunters off this baseless accusation,
time and again it has been said that the percentage allocated to bounties are too insignificant to affect price, but for some selfish reasons project team want investors and supporters to still believe in that,

And which further establish the fact that the huge amount given to private investors are the major reason and probably the team secretly dumping on investors (which there are many instances) i expect by now that notion must have been corrected in the mind of the investors and project team should stop misleading people with this irrelevant accusation on bounty hunters.

This is a very nice post or review about what happens in most projects where bounty hunters are always seen as the perfect fit to channel blames to. There are different cases to this ill acts on bounty hunters and you carefully stated them out.
There are most projects out there which locked up bounty rewards for months or a year and yet the project failed and others delayed bounty rewards and yet the price dropped terribly, thus it can be seen that in both cases, bounty hunters didn't get their rewards and yet the project failed which goes to prove that, bounty rewards which is of course a very small allocation, do not have the power to cause the downfall or price drop of any project. If rewards can be delayed and locked up for a long time and yet the project fails shows the team are always to be blamed in whichever case.
Nowadays, the team have learnt a new thing which is, distribution in phases and yet the price keeps dropping, therefore it means that, the team should stop thinking of locking bounty hunters rewards and focus more on their project and how to keep it growing, because if a project is worthwhile most hunters won't sell as they know what is obtainable.

I am not an expert on bounty hunting and all the tactics that developers may use to try to blame them however what you say makes perfect sense, after all for the most part the developers are the ones that decide when to give their coins to the bounty hunters and as such they can use this knowledge to do insider trading and take advantage of this and sell a bunch of coins in the market and then blame bounty hunters because of it, however anyone doing that should be reminded of something, that is illegal and the authorities may come knocking on your door if you keep doing this.

i think among all the reason that was pointed out, the above are the major reasons that affect project to increase in price,
most of project team don't usually have their own personal funds to finance their project, they seek support from angel investors or private investors whom they offer very high bonus just to get them to invest, and we know what happens once that token is listed on the exchange,

the kind of exchange to be listed also plays an important role, however, most top level and middle level exchange are expensive, some project don't even have enough funds for project development let alone to list on this exchange, thus they will find themselves in the low level exchange that will only help to kill the project even further,

between investors of this days are only concern about short term gains, once a token is listed on any exchange, most investors will liquidate their holdings immediately without wasting time, so it goes hand in hand in both team, investors and hunters (because hunters will liquidate all their reward immediately it has been distributed)

so i think it is time for dev team to re-visit this point and use them as a comparison to make plans for future project launch.

Not just for their failure, I think some developers are just using hunters as an excuse to dump there own token anytime they sees an opportunity to do so, we can't deny that some dev are very greedy, as soon as the reward of hunters are about to be distributed or already distributed they will decide to dump their share as well making it look like hunters are at fault.

Exactly, it is obvious the developers and the investors are using the bounty hunters as scapegoats for their failure, investors do not want to admit they made a mistake and in their desperation they will try to blame anyone expect themselves for this and the bounty hunters are an easy target, on the other hand the developers do not want to admit their failure either and they can always blame the bounty hunters as people that do not believe in the project and that caused the crash that eventually destroyed the faith on the coin but such an accusation is absurd when you really think about it.

This I agree with but I cant say that they really like to gamble. Maybe it is a one-off type of thing. A new user coming to this sector of making money might think of trying out bounties. They get some shitload of tokens but after 5months find out that the tokens have become worthless because someone dumped every last token. But this flow of new users keep on coming.

Majority, more like all of them. The days when bounties were worth doing were back in 2016-17 and after that or towards the end of 2017 each of them turned to be either an abandoned project, power struggles in management or just scams.

I think we can both agree to that point.

Its the most realistic thing to do but there are people who do really like to gamble out their time and effort for bounty hunting and hoping that they would earn thousands of bucks from it
this is why we do continue to see projects that do float around every now and then which do make some bounty task for people to spread out their existence.There are a few which are legit
but majority of them are just shit projects which isnt really worth to advertise on but well this cycle would continue as long there are people who do advertise them just for them to get
those valueless or useless tokens in the end of the day. Signature campaign paid in bitcoin is much worth of the time and effort than on bounty hunting.

I understand where it's coming from, bounty hunter don't buy coin so they can sell at whatever the price is. But bounty allocation is really not much, most of it only 1% from total allocation. By logic it really shouldn't affect the price that much. Investor who bought from presale are also selling their bonus coin and don't forget their team. I think it's combination from all that. It's not fair to only blame bounty hunter.

Maybe bounty hunters are not investing a huge amount of cash on the project but bounty hunters are investing their time and without them it can be very challenging to make the project a success, I know that many blame bounty hunters for dumping their coins but none of that will happen if the developers decided to pay their bounty hunters with bitcoin instead of using their coins, but they do not want to do that, and even then the supply assigned to the bounty hunters is very low, and in many cases this is below 1%, which is not really enough to justify the majority of the crashes that we see in new coins.

Yes the topic does seem to be biased towards hatred against the bounty hunters from the developers. But what is important is that bounty hunters need to stop being bounty hunters. The reason why such scummy projects manage to spread is because there are people who are enthusiastic about a new bullshit token that will never be worth anything but they are willing to take a stack of that in their wallet.

Please get this in your heads, bounty hunting is a waste of time now. If you want to make money, get a real job and work hard on it. There are new signature campaigns happening every few weeks. Strive to reach a higher rank and join these campaigns if you want some side earnings in bitcoin.

I guess this is quite logical?

So many times the hunters have already suggested about that but just think about why the dev wanna give native coins that have very good liquidity rather than give free tokens that is created for free from the smartcontract? The developers didn't wanna do that too.

Just look a bunch of complaints about that too. The decision is on the developers itself too.
The hunters have no power as the funds being hold by the developers.

It's not a policy when a project gets dumped and blames the bounty hunter. Why we don't blame the team behind the project itself? If they already know it they should have a more way to avoid it. Like the bounty distribution will be held in some part or when the token who has distributed can't be sold of them. The bounty hunter or investor must keep hold in several percent of the token that they got.

But, I do believe a good project will never have a low price when it was launched. A good project will back to the original when it was launched although the token price was decreasing before. Like now UNI token, when it was launched in several exchange the price of the token was increasing a lot, if the project is good the token price will be to original price or even it will passed it.

I think the best solution to this price dump is give bounty hunters a reward with BTC ETH and other coins so that their coins will not be dump

We can not blame the bounty hunters because they only sell the tokens after the team distributes to their wallet. They need to sell the token because they need money, but I don't think that all of the bounty hunters will sell all of the tokens to make the price get dump too deep. It is the team's job to prevent the price gets dump, and if the team is solid, they will use the other way to prevent the dump. But the fact, the team still blaming the bounty hunters without thinking about the solution how to prevent that thing.

I think your line of thought was about the past, any developer or investors thinking the dump in price of their tokens is because of the bounty hunter is living in dreamland. The amount most of these projects allocate to bounty now is less than 0.5% of their total tokens, why most of the time VCs and Developers hold more than 50% of the tokens, so do bounty hunters crash the price

Dude, the team itself was also the problem. the team didn't wanna put more money to pay the exchange site as the listing fees. That will make the coin will have no demand and the result is clear if the coin will be dumped instantly as there was no volume in the market that can support it.

The team didn't even see in the mirror about what's the main problem why investors are losing their trust too.
Lack of communication and they were greedy to grab money. There are a lot of reasons for that.

It's all about the drama from the team to avoid the blame from the investors.

This is a fact that often happens, but investors forget that there are also bounty hunters who participated in purchasing these tokens. I did it several times in several ICOs in 2017.
The percentage for bounty hunters is below 5%, sometimes only 1%, so it is difficult to make the price down deeply, even more the distribution for hunters it is done after the investors received it first.

You can refute such claims by showing them the token allocation economics. Usually the projects give a less than 1-2% allocation to bounties. Sometimes it is just an unnamed portion of the marketing which might be a bigger umbrella term with a 10-15% allocation and they would be keeping the bounty at a smaller portion of that fraction.

The bigger dumpers are the project owners and the advisors. They end up their lock-in period and dump it before the rest of the retail investors even have any chance to see the market. This is a problem with the listing process and the lock-in mechanism of these tokens making it all seem like a big pump and dump.

I would suggest bounty hunters to stop doing bounties like these. In fact each and every project have become similar and thus stopping the craze of bounties is a better thing to do. Unless you get too lucky, you wont be making any money here dumping your tokens, because their inherent value is worthless.

These kind of situations arise when the circulating supply of the project aren't that high as they wanted it to be due to the lower volume of sold out tokens in the pre-sale and sale.

If this happens the team hesitates to distribute the entire bounty to participants as the bounty tokens maybe relatively larger than the sold out tokens which may hurt the investors.

I personally prefer promoting strong projects with great fundamentals which will surely sell out due to the high demand so I don't have to be worried about non-distribution of tokens.
Also the teams can prefer lockups of bounty tokens if they are worried about the price.

we already explained this before but on a scatter way and incomplete statements  but im sure project owners and investors already know what we are expressing because they are not dumb enough to not to understand it  . im not a bounty hunter nor others that use to comment like that but we are only helping or defending the rights of our fellow bounty hunters because i and others are also part of this forum . we treat bounty hunters as our co workers  . this list you have is complete and this act as a reminder to them that they should respect hunters for once .

Sad to say but i already experience so many project that always blame bounty hunters for the falling of thier token price but if we put basis on the on the token alocation which is really small maybe they can say that it is not only the bounty hunters but also some investors.

If a project is legit even bounty hunters dump their coins the price wont be to affected since the allocated portion for hunters are not huge to greatly affect the price. The dev are just blaming the hunters for themselves to look as victim as well.

This kind of project with no concern dev is not worth it. Bounty hunters are doing their part to promote the project yet most of the time treated so unfair. Thats why dyor is really important to not end up in a project that is not worth for the time and effort promoting.

First off, the bounty hunters are doing their job. It's pointless to blame them in the first place. The rate of success of one's project alwaya depend on the team and developers. With of course the project's usefulness and purpose in crypto market.

Expect that the bounty hunters are just following what was the team's rules only. Also, each of the bounty hunter is different. If one hunter wanted to sell off their rewards and other wanted to hold it, it's their prefer way of decisions. Theyre not actually the main cause of dump if they sell their reward tokens.

your explanation is very logical, I want the project team who likes to blame bounty hunters to read your explanation. I am surprised that the project team who held the bounty program and budgeted the bounty often blamed bounty hunters, even though bounty hunters only wanted to get the rights to their hard work after supporting the project. I think it's just playing the victim, making the bounty hunter an excuse when the team can't develop a good strategy. There is much evidence that a strong project can maintain its price even though the bounty hunter sells the reward. It should be, if from the start the dev team was afraid of a dump, it's better to promise btc rewards or other strong coins.

Its no big question but i agree that this had been already the norm that the blame would really be into those bounty hunters. 1-4% on the entire total supply of coin wont really make such dumps.

Its no brainer on whose the main dumper which is the investor itself yet they are the ones who do bought tons of coins plus having those discounts or bonuses.When investing on an ICO then theres no doubt that
investors primary motive is to dump those tokens when it gets listed on an exchange.

This had been the norm and bounty hunters should really get used to it.I didnt expect that bounty hunting is still alive nowadays considering the success rate of projects which is really almost on the floor.

From my point of view it is not the bounty hunters but private investors who get the coins with huge bonuses or discounts and the team itself. With as little as 1% or slightly more than that amount, even if all these tokens are sold, there should not be much impact on the price of it.

Actually, it is funny, but in fact, this is true. I often follow the telegram groups of any project and see many chats that blame bounty hunters if the price dumps. They always said that the team should not give any chance to bounty hunters to get the coins or token because the price can dump after they got it.
More specifically, they always think that bounty hunters and airdrops will become the main factors of price drops.

However, in fact, how the percentage of tokens or cons for bounty hunters? I think commonly it is only about 2% or approximately 4% the highest. Can it dump the price so easily? if it is capable, it means that the tokens or coins are limited and once there are some investors buying the tokens it should get the increasing price again.

So, I also agree with some points of OP. Many factors will influence the price to drop or increase. Bounty or airdrop hunters maybe only a few percentages that can cause the price drops. But we do not know what behind it exactly and probably only investors and team know that.

Well, i believe you have stated the facts just as it is, if we begin to draw out lists of projects that has failed to pay bounty hunters; or that has blamed hunters for token drop; they have ended up with dipped and terrible price or exit-scammed. From curestoken down to bitagro bounty, lots of lots of project as such.

It is save to say that projects who do not care about bounty hunters effort, would not regard investors feelings and funds before exit scamming. Always do your own research

when the bounty distribution is carried out gradually or does not occur simultaneously, of course, other factors cause price reductions. That is not entirely wrong with bounty hunters, because there could be investors who also panicked seeing a decline and selling large amounts of tokens. there is also a part of the team that sells their tokens secretly. many factors, and we can't blame all of them for bounty hunters.

I think you missed the point here mate, did you consider the bounty pool, which is only a small portion of the Token supply there's no apologetic about it because its a fact the OP is right it depends on the project team on how to handle the situation usually the distribution won't happen instantly it takes some time, and yet the project token was already traded and suddenly the price went dump is it right to blame bounty hunters for me its a complete nonsense.     

There are few facts about crypto projects you aren't getting, lack of demand for any projects is the fastest way for coins and tokens to lose value, projects with high demands in the market have nothing to worry about, for example if a project has approximately 2million trading volume on exchange every 24hours what damage can bounty hunters do when all bounty allocation is not up to 5% of the entirely max supply of the coin or token?

I have always said that mostly private sale and pre sale or anyother special offerings by team to big investors are the real cause of the dumps. I have seen people getting as high as 10x below the mainsale price so what do you think a person getting instant 10x will not take profit by dumping large amounts of tokens and crashing the price?
Selling by hunters also causes somewhat dumps but the only way to avoid that is paying in other coins.

If you want to find who is to blame, of course I personally prefer to the project team itself, who is to blame when there is a big dump, take a look at AirDrop UNI which gives so many $ to users, but what happens the price continues to increase, it's because of the Team strong and made not carelessly and certainly full of good planning.
the problem was that the new altcoin had a big dump. The team didn't really know what to do except get money fast from investors.

Well, we can't do anything about it. Bounty hunters are treated slaves and doesn't have any privilege in this forum so they will most likely be the blame for the market dump. Though this is a fact in some ways because usually, markets doesn't have large volumes at start to support the massive rewards of the bounty hunters so bounty hunters who dumps have an impact in the market, and there's a lot of them.

Nonetheless, people are forgetting the fact that without promoters, investors wouldn't know their project in the first place.  

Only those small investors are blaming the hunters and some of the hunters are also blaming other people, well this is a world where everyone hates if the market didn’t turn to what they want and will look for a people to blame. I’m a bounty hunter and I’m just doing my job, I sell when its the right time at no specific level or no specific instructions coming from the other hunters, learn to have your self control and ignore the haters.

I think it happened previously, now everybody has been smarter enough to know which statement is true. It is getting rarely seeing that an investor blamed hunters because of the dump in price. Most of us are already aware of the hunters have no power to dump the price, especially dumping in a long period. Once the dump in price, mostly it's something happening in the interest to buy the coin. It can be the wrong place to list the coin, the wrong strategy to promote the coin, bad issues related to the team or the project itself, or caused by the drop in Bitcoin price.

I oppose the usual practice or statement of some investors/project team blaming bounty hunters for the reason behind the dump in the price of their coin while the total allocated token/coins for bounty is not enough to affect the price of the newly listed project if the project team are competent in their line of duties and we have seen a lot of projects proven that bounty hunter coins shouldn't be considered as the reason behind the dump in price of new project after bounty payment, by paying bounty hunters for their work while they open another rounds of their bounty campaign and their crypto will still maintain a good price in the market.

of course there are many good projects that use the bounty campaign strategy to let many people know about the projects that are being developed because at this time this is what will make all projects become a lot of enthusiasts or buyers, but with this the developer must have another strategy to distribute coins. key first or gradually so that it won't make the price of the coin on the exchange quickly collapse.

but, the fact a lot of project need bounty hunters to spread the words about any kind of cryptocurrency project right ?
wich mean blaming a bounty hunters because the price dump isn't reasonable reason, because not all bouty hunters will dump their rewards

It's not all of hunters will always sell their bags to the market and that's the true story.

In another case, some hunters even adding more money to buy such tokens to be used as their long term investment and this story is also a true story

The dump is caused by the developers can't make the investors feel confident with the project as lack of update, no more exchange listing, lack of communication and various reasons that could be the main reason why the price dump was happening before.

The hunters who have invested their money will also sell that when those things happened.
It's not the fault of hunters.

those projects that are blaming hunters because of price drop are just looking for someone to blame but they may be the reason at the start but it should not be the reason of their fall. remember the amount allocated to these bounty program is nothing compared to how much is owned by the team or the investors. and sometimes there is price drop even if the hunters havent received their share yet. so how come it is dropping when it is not yet on the hands of these hunters? just admit that the project is just one big crap trying to screw money from the buyers.

bounty hunters work behind the scenes, teams & developers are at the heart of a project's success. we as bounty hunters can only operate a project advertisement through this forum. but I don't agree if bounty hunters become a big problem or cause the project's coin price to drop. I also don't think that if every bounty hunter sells them all, I think some will keep project coins after getting them.

It is the reward rightfullly earned by the bounty hunters. They have performed the tasks posted every day and every week and that continues for months.
So just like freelancing the bounty hunters earn for the tasks performed and it is their right to receive the reward tokens, if anyone is scared about bounty hunters dumping then they should pay bounty hunters in equivalent usdt or other stablecoins.
You just cannot stop bounty hunters from selling, if they want to just like you cannot stop investors in doing so.

Can't really blame them to act like that since they are investing their money and we're just bounty hunters. IMO we are partly responsible for the project's price dump, since most hunters (not all) after receiving the bounty reward, they will immediately sell the token and this has been the practice for how many years.

I agree but that is just human nature, for example investors are not going to blame themselves for investing in a bad project, after all that will require to own their mistakes and they are not going to do that, and believe or not they are not going to blame the developers either because if they did then they will have to admit they made a mistake by choosing that project and they cannot have that, so who is left to blame? The exchange? For the most part exchanges just list coins, so the only group left to try to blame are bounty hunters even if their influence is minimal when it comes to the long term fate of a project.

Most of these happen because the projects are rushed - and they're rushed for a reason: for the coin creators to make money.

If a project wants to be successful, it does not need shit exchanges and hype. All it needs is to be a legit project with a legit vision people enjoy and want to support. But nowadays, unfortunately, most coins get a pump even from the crappiest exchange listing they get. Even Binance listing your coin does not make it better in any way. It should be the coin's tech that is unique and progressing - not all about listings and how much bonus you give to your supporters.

Bounty hunters? They are to be blamed as well, because they are the ones supporting these scams. If all bounty hunters would've properly researched a project before joining instead of rushing in and desperately trying to get rich out of nothing by joining literally every single bounty out there, they would've not only been much better off but the image alts have gotten would've been much better right now.

Bounty hunters aren't to be blamed for anything, if the price a token or coin goes down in the market, the people to be blamed are the owners of the provide, if they have planned their project well, bounty hunters selling their tokens shouldnt affect the project but even if it does, it should be for a little while.

They are just using this as excuse but in reality there are people that also selling not only bounty hunters blaming them will not change anything. Why not pay them in other crypto currency or open a campaign that pay in bitcoin instead of your own tokens as payment in that case you will not be afraid that hunters will sell the tokens if the payment you hive to them is btc . They are just afraid to use thier own money for payment to advertiser .

Those who are blaming bounty hunters are preparing to scam people, people should know this, legit projects will never blame bounty hunters in fact they are rewarding these bounty hunters handsomely, those projects that are giving pennies and into blaming games are a sure sign of scammers so you'll know what to look on a project.

Yes bounty hunters are blamed always because lets say 20 or 30% of hunters go to sell as soon as they receive reward tokens and we have to accept the fact that if there are a lot of sellers at a time price will dump so no need to be defensive or appologetic.
Infact it is the duty of the project to list at good exchange with high volume because the higher the liquidity there will be lesser dump from hunters selling.

Well, someone always has to take the blame and in this case bounty hunters fall in line as a scape goat. When projects are very successful, project devs always want to take credit and glory, but whenever a project fails and a token dumps, they shift the blame to bounty hunters and marketers which is wrong and cruel.

It will continue to remain this way so as a bounty hunter, do your own research and always join credible bounty campaign

It has been the usual practice of the investors to attribute the faults and blame of a new project price dump to the bounty hunters. These set of investors fail to look at many factors which are responsible for such price dump in the handling of the project by both the investors and the project teams.

- Statements of the Project's Objectives:- The purpose a project will serve determines the kind of investors the project will attract and how much they will be willing to invest in it.

- The kind and skills of the team employed to help in the project development.

- The methods of fund raising:- This determines if the expected target income in the IEO or ICO for the project development will be met or not.

- High quantity of bonus to the investors:- Many projects are already devalued by the quantity of bonuses given to attract investors. Most of these investors sell at any price below the IEO/ICO price inasmuch they've made a little sum of profit. But the bounty hunters are the ones blamed for it.

- Hasty Listing on exchange:- Most projects projects hastily get their token listed on exchange without creating the platform that will make use of the Token. This brings about lack of volume and thereby render it valueless at a certain point.

- The exchange selected for listing:- Most projects because of hasty get their projects listed on exchanges known with fake volumes which most of the time end up crashing the price as supply always exceeds demand abundantly on such exchanges.

- Greed by the investors:- In a lot of cases, when a token has been listed on exchanges before the bounty distribution, the news of bounty distribution heightens the greed in some investor. They believe all hunters are dreamless and sell for whatever they can get for bread. These set of investors usually tagged the strong hand start bidding ridiculously low prices just to take cheap advantage of the hunters.
This act drags the price down in such situation, the team are expected to come in rescue of the project buy providing liquidity which they mostly don't do, may be because of lack of fund to do so, or because of overconfidence of bringing things back to normal.

The success of a project depends largely on the team. They should do their job and the investors and the strong hands should also tame their greed and stop badnaming the bounty hunters.