Hello guys, I hope you all have a nice day.
in this year a lot of ICO projects that make Bounty Campaign, When ICO successful and has been listed in the market, Most bounty hunter immediately sell all coins they have.
This causes the price of a token to fall even away from the ICO price.
Have you taken advantage of this moment, guys? I think its moment is a good time to buy a token with a cheap price. how about you?
very happy to hear your experience about that.
I think this is a misconception that bounty hunters are selling their coins when it hit the market, causing the price of the coin to fall, if you look at the bounty hunter's percentage on the total supply of the coin, it's only 2 to 7% even if half of the bounty hunters sell their rewards it will not have an impact.
It's not the bounty hunters but the presales buyers are the one causing the price to go down, majority of ICO's are offering as high 50% bonus of the amount purchased, if you are one of their early bird investors, this is enough to dump the coin in the market because he is already selling his profit.
I would not also recommend buying just any coin because it is being dumped, you have to check and do research what causes the dump, is it because the dev is making an exit scam, or early investors dumping for profit.