I've been doing bounty campaigns only since December 2017. Not long, in the scheme of things. But one thing that truly surprised me during the last couple of months is the number of bounty hunters who look to sell their tokens ASAP. At first, I didn't understand why, but I think I'm beginning to.
For me, I'm doing these bounty campaigns for a bit of fun and to give my mind a bit work to do, creatively speaking. So my mindset for any bounty tokens is just to HODL and allow the devs to implement their roadmap and take the project through to completion. I think this will give the best realisation of value on the tokens. Sure, some may fail and they will likely end up worthless, but since I only invested time, not money, into receiving them, I'm not really worried.
So with that mindset, I struggled to understand why so many people were eager to offload their bounties at the earliest opportunity.
But over the weekend, I sat down and did some calculations on the accumulated bounty rewards I'm expecting to receive. Each bounty by itself was a modest return, but when combined in totality, it was a sizeable amount. And that's when it struck me...
Lots of people who live in less fortunate parts of the world, particularly in areas with high unemployment, probably NEED to sell their bounty rewards to put food on the table and pay their bills.
But I really don't know if my assumptions are correct. So, my question to you is...
Do you sell your Bounty Rewards straight away or HODL? Any insight into your reasons would be appreciated.
## If this post has been thought provoking for you, I'd really appreciate a bit of Merit in return ##
I think it is very nice topic to talk.
That is what for most bitcoin users expecting when joining and doing jobs such us bounty or signature campaign is receiving and selling that tokens. After receiving the bounty rewards the bitcoiners are extremely happy but they must be confused whether to hold and wait the tokens or even sell immediately.
To me, when we get rewards from a certain project as mentioned above, it is better to see and research first the tokens value on the market. When it shows good or green and considered as a good opportunity to sell, it may advisable to sell because there will not be second chance. It is a humanity and proper of people want to get a sizeable amount of their rewards.
That my opinion and decision when I get the rewards.
better advisable and comment are welcome.