Topic: Does the high gas fee make the altcoin make less volatile from bounty hunters - page 2. (Read 210 times)
March 31, 2021, 11:23:45 AM
All of the micro transactions are not worth to be done on ethereum blockchain. The small fish already moved to the BSC to get cheap fees.
The hunters were not responsible for the dump but so many bonuses that already offered to the early ico buyers,
The majority of hunters were still holding their tokens until it has no value. I see that some people were saying about this too.
March 31, 2021, 10:57:21 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?
Micro transactions are still happening that is why the gas fee remain high for very long time and projects just used the bounty hunters to hide when their project value starts to dump now the projects holding the rewards of bounties still there is no difference in the dump when a project listed on a reputed trading exchange. 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?
March 31, 2021, 10:52:12 AM
Don't forget about the other side of this process.
The organizers of the project have to pay huge commissions to send tokens, for example, for 5000 participants in bounty companies.
There are projects that allow you to save money on transactions, but it is still expensive.
Project organizers can transfer their tokens to level 2 and pay out rewards with the lowest commissions.
The organizers of the project have to pay huge commissions to send tokens, for example, for 5000 participants in bounty companies.
There are projects that allow you to save money on transactions, but it is still expensive.
Project organizers can transfer their tokens to level 2 and pay out rewards with the lowest commissions.
March 31, 2021, 10:44:24 AM
People blame bounty hunters for dumping them, but the fact they don't do much will affect a project in the long term if it is good enough. I look to 2017 and there are many bonus projects like Sinxthetic (SNX), Swissbogg, Pundix ... The value of these projects has not decreased but also increased a lot.
High GAS makes bounty hunters unable to sell their rewards because they are not worth the amount of ETH they spent moving them. Hunters receive fewer rewards now than in 2017-2018 so I don't think they are a big concern for any project.
The collapse of projects is the issue of supply and demand in the distribution of the project's tokens. There is no need for tokens to hold the project's value. Bitcoin devaluation and the holders of ETH selling them out when raising an ICO is also the cause of the collapse of the entire crypto market.
High GAS makes bounty hunters unable to sell their rewards because they are not worth the amount of ETH they spent moving them. Hunters receive fewer rewards now than in 2017-2018 so I don't think they are a big concern for any project.
The collapse of projects is the issue of supply and demand in the distribution of the project's tokens. There is no need for tokens to hold the project's value. Bitcoin devaluation and the holders of ETH selling them out when raising an ICO is also the cause of the collapse of the entire crypto market.
March 31, 2021, 10:32:15 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?
Let me make this clear, it wasn't only the bounty hunters who are responsible for the crashing of the initial price because most of the time, bounty hunters are only given more or less 1% of the supply of the coin which is pretty insignificant. It's the combination of the investors and bounty hunters, probably the dev team too but mostly the fault of the project itself.
Anyway, I don't think the gas fee will help with the dumping of the coin as long as people still gets profit from it. $10 is still insignificant if the price of the tokens they got is valued at $100 or more, that's still $90 gain.
March 31, 2021, 10:13:53 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?
No, the fees are not responsible for this. The situation is quite different from 2017/2018.
Back then, everything that somehow sounded new was pumped and bought. There are dozens of ICO projects from back then that raised 100+ million that don't even exist today.
It wasn't because bounty hunters dumped their stakes, but because the projects were massively overvalued and doomed from the start by their idea.
If you look at it that way, the bounty hunters were the smart ones in retrospect, because they sold immediately, and the ICO investors are still sitting on their worthless stakes today.
March 31, 2021, 10:13:03 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?
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.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?
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.
March 31, 2021, 10:10:59 AM
we are faced with a year where altcoin and bitcoin-led growth are ahead of it. with the root cause of the GAS cost problem, I think everyone is looking for a solution. However, Erc20 based tokens of good quality in the market, with significant shipping costs, will pay off from the profits selling Erc20 tokens.
But it is different with the complaints of small traders like us, who only rely on payments from bounty campaigns. cash out or exchange it for Ethereum and Bitcoin because the core of everything will fall on both coins. ICO programs often leave investors far more profitable, than bounty hunters who rely on pay. when the bounty hunter auto-price launches chase the target to cover the expenses spent while the campaign is running.
But it is different with the complaints of small traders like us, who only rely on payments from bounty campaigns. cash out or exchange it for Ethereum and Bitcoin because the core of everything will fall on both coins. ICO programs often leave investors far more profitable, than bounty hunters who rely on pay. when the bounty hunter auto-price launches chase the target to cover the expenses spent while the campaign is running.
March 31, 2021, 10:03:46 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.
The dump now has been proved that hunters are not just the cause of that but the whales who want to dump run. Also the project that is valuable will absorb the dump for a while to come up again. Is not the fault of hunters.
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?
The fees that have gone high is because of volatility. You can expect that fees should increase because of the bull. That's the reason the experienced ones advise that we should prepare for it. No preparation, no give good result.
March 31, 2021, 09:51:03 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?
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