Topic: Does the high gas fee make the altcoin make less volatile from bounty hunters (Read 210 times)
April 01, 2021, 11:45:53 AM
the dumps of the various coins are not exclusively the fault of the bounty hunters but of various factors, however the high fees of eth have meant that the ico and the rewards for the bounty hunters of the various projects move on the tron blockchain, but bounty hunters will continue to sell off anyway and to lower the price / value of the coins
April 01, 2021, 01:35:27 PM
Of course mate , you are absolutely right because I am a bounty campaign hunter. I have more than 17+ coins/tokens in my personal Ethereum wallets but due to the high exessive Ethereum network fees I can't trade in any exchanges. What a crucial situation is!!
- But you are not a whale in this market, to be more precise, bounty hunters hold a very small supply relative to the total supply, so even if the gas fee becomes lower, the only thing you can do is get some income from the sale of tokens in your wallet, it has absolutely no effect on the total value, the number is too small to cause volatility on altcoins. During times of high gas fees, many altcoins fluctuate as usual, the biggest owners are the wealthy, altcoin is manipulated on such large cash flows as a way for them to make money, bounty hunters only get a little profit from this activity April 01, 2021, 12:36:14 PM
A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.
Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?
Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?
High transaction fee is not good because small investors will also suffer in sending their funds into an exchange. Bounty hunters are not the only reason for every dump of token in the market. I witnessed in one coin in the market that experienced a massive dump while the team still not distributing the bounty rewards. Also only small percentage of tokens goes to the hunters. It's a pity to the hunters side if transaction gas fee is too high because not all the hunters are financially capable and nowadays, if you are using erc20 to send your tokens into an exchange you need at least $10-$15 in your wallet.
April 01, 2021, 12:05:31 PM
Now big problem faced by bounty participants due high gas fees to send or sell coin on the market exchange, but I think problem not from bounty participants but from bounty manager campaign when delay distribution coin with reason higher fees eth. If coin have higher value than fees why have to worry pay little to get more.
They delay bounty distribution but it may not be there fault too because developers or owners may not release coin on time for distribution. This is why is better you follow managers that escrow token before the start of bounty work. If they escrow, they release reward as soon as bounty is ended.
Some bounties too specify duration for release of reward but the problem here is when the token is listed and doing good, you may not get the reward or they try to reduce it and that is not fair to hunters
April 01, 2021, 10:11:41 AM
A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.
Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?
Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?
Way back 2017 during the ICO season where most of the bounty hunters are truly that once they've received their rewards coming from the campaign in which they joined, the majority of them are dumping the price, but when 2018 came up to the present it is proven that the cause of dumping the price was the first are the investors especially who are whales in the coins is mostly the reason. So, as of the moment hunters are not the cause of this crashing the price of the coins.
April 01, 2021, 07:21:14 AM
I have more than 17+ coins/tokens in my personal Ethereum wallets but due to the high exessive Ethereum network fees I can't trade in any exchanges. What a crucial situation is!!
if your tokens can pay off the fees and i think that you will be cashing out your token but there's also another problem that faced by the hunters. The problem should on the price of token. So many times the tokens that received by the hunters have become worthless tokens and that makes so many hunters didn't wanna sell it to the market.
April 01, 2021, 06:49:12 AM
Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?
actually it is good for the GAS to be higher, there are several positive potentials caused by high costs,- Narrowing the rate of fake projects
- The price of tokens is increasingly valuable according to the applicable GAS value
negative side:
- Fraudsters are smarter about tricking their victims in their own way without spending a penny to create fake projects
April 01, 2021, 06:40:02 AM
In my opinion majority of the traders are small traders and most of them trade small amounts but the current high gas fee is hindering them to trade and some of them are not selling due to high transaction fees. In my opinion, high gas fees are not good for the traders If the gas fee would be in control we will see more trade volume and due to high fees, those who have coins worth less than gas fee value are holding forcibly because they don't have an option rather than hold.
April 01, 2021, 06:15:11 AM
A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.
It was true but basically Bounty Allocation not even close too 4-5%, It's only around 1-3% from total supply and Bounty hunters have an effect on the price but not really much, We also can see today when the fee was high. Dump was not coming entirely from bounty hunter but also different factors like Supply & Demand and Early investor who selling their investment and get some profit, We can't just blame it on one side and it's been proven like today condition right? April 01, 2021, 06:08:32 AM
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Well it could lessen the people who would dump the project but I think it wouldn't really solve the problem of a new project being dump.We all know that the bounty allocation is too small for the price of a whole project to fall down so we shouldn't just blame the hunters because they didn't invest money on it,
And other looks at them like they doesn't care about the project,
As much as an investor wants the project's price to go higher those bounty hunters also wants it to happen so they could gain more compare to their current earning if they dump it at a low price.
Not sure how coins are allocated these days now in bounties, but it surely have a lot of divisions.
April 01, 2021, 12:06:13 AM
A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.
Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?
You are seeing it as an advantage but I am seeing as a disadvantage for bounty hunters. ETH is too expensive to send to that many people, it is obvious that people will still prefer ETH if they have it but I think most places have given up on that. I think USDT is great because you could use stuff like trc20 blockchain and it will be sent very very cheaply without being a trouble.Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?
Also the best case for a project is actually giving their own token as well, why? Because even if there are people who will sell and dump the price a lot, that still means you have a lot of token at the hands of a lot of people, those people sell and dump the price still do it because they have it, and others are buying it, so as a project not only you are not spending any money but only giving tokens that you created from nothing so it has no cost for you, but also you are making sure more and more people own your token which is a great way to spread it.
March 31, 2021, 07:47:10 PM
Now big problem faced by bounty participants due high gas fees to send or sell coin on the market exchange, but I think problem not from bounty participants but from bounty manager campaign when delay distribution coin with reason higher fees eth. If coin have higher value than fees why have to worry pay little to get more.
That's the problem now mate, the cost fees for high eth are very annoying, both for bounty managers and also bounty hunters. This situation makes bounty managers forced to delay the payment for bounty hunters so that if the value of tokens is high on
the exchange, participants cannot sell them because bounty managers have not distributed the tokens.
March 31, 2021, 07:21:37 PM
Now big problem faced by bounty participants due high gas fees to send or sell coin on the market exchange, but I think problem not from bounty participants but from bounty manager campaign when delay distribution coin with reason higher fees eth. If coin have higher value than fees why have to worry pay little to get more.
March 31, 2021, 06:59:06 PM
If you’re just holding a small amount of bounty and especially its ERC20, hunters tend to hold it for long until they can finally see that its worth it to withdraw because of the huge fees that can eat all the value of their token so I think it lessen the volatility but not that much.
Most of the bounties are still paying with a good rate, so hunters can still sell any time they want. Though ETH should have the urgency to address this problem, because BSC is growing and we might see this network to take over the top place.
Most of the bounties are still paying with a good rate, so hunters can still sell any time they want. Though ETH should have the urgency to address this problem, because BSC is growing and we might see this network to take over the top place.
March 31, 2021, 06:57:03 PM
To an extent, yes. When a bounty considers the huge gas fee, and figures it against the intended profit, he might just decide to wait if the gas fee is going to chop into the profit
The hunters will try to see that whether it is worth withdrawing their reward or not and this will be based on how many tokens will be withdrawn by them all. The fact that so many hunters were looking for a campaign that used the scalable chain like BSC. Hunters are not feeling good to use ethereum again as a way to receive their reward. The fees was eating all of their rewards.
March 31, 2021, 06:50:27 PM
The bounty hunters when they see their coins and they are not so attractive to withdraw they do not, the fees are usually more expensive than the same coin they have, but the ones who really want to withdraw are the whales and they do. they don't care about fees.
For projects it is not at all advantageous that microtransactions cannot be carried out, this takes away community and fame from the project, it is not positive. They are already working on the Ethereum network to solve the problem, but certainly the bounty hunters are not the reason to cause the dumps. In some crypto projects in 2017 he made it appear that the bounty hunters eventually did cause the dumps, but currently this is not the case, and more than the altcoin season has not yet started.
For projects it is not at all advantageous that microtransactions cannot be carried out, this takes away community and fame from the project, it is not positive. They are already working on the Ethereum network to solve the problem, but certainly the bounty hunters are not the reason to cause the dumps. In some crypto projects in 2017 he made it appear that the bounty hunters eventually did cause the dumps, but currently this is not the case, and more than the altcoin season has not yet started.
March 31, 2021, 05:00:29 PM
A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.
I think it's not just the bounty hunters that are dumping that time.
Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?
You might as well say that bounty hunting is useless? Since the tokens that you are going to get from bounties are just so cheap that it's just a waste of time?
Anyhow, many projects might be switching to Binance Smart Chain, so in a sense this high transaction fee will be negative by many projects.
Or bounty hunters will just continue to hold on their tokens, and then wait for Ethereum to solve their problem first.
March 31, 2021, 04:54:56 PM
High gas fee isn't an advantage for the network, neither do I think altcoins are any less volatile cause of that, or even if they are at all; there are still quite a lot of projects dumping ASAP even with this gas fee, the thing is the bounty hunters have little or no believe in many of the coins they've been paid in, and tbh, it's quite understandable, they'll rather sell it, despite the gas fee, than allow the coin dump while they are still holding.
March 31, 2021, 04:43:22 PM
many projects carry out airdrops on different blockchains such as that of binance, the binance smart chain because it is less expensive so in fact I do not think it affects the price of the coins rather it is the project that will have to build solid foundations.
March 31, 2021, 03:52:54 PM
To an extent, yes. When a bounty considers the huge gas fee, and figures it against the intended profit, he might just decide to wait if the gas fee is going to chop into the profit
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