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Topic: Is bounty hunters one of the cause of price dip of ICO? (Read 712 times)

member
Activity: 266
Merit: 17
Maybe some could sell their token after the ICO round and get listed on exchanges. But there are bounties will hold the coins depends on the project if it really works..
member
Activity: 252
Merit: 10
Bounty hunters get too few tokens of the total amount. Most bounty hunters don't sell tokens, they keep them on the contrary. I would even say more, bounty hunters are more positive characters than negative ones. All the fault is only investors who bought tokens for private sale and pre-sale.
full member
Activity: 770
Merit: 102
Matrix Built On An Ethereum Smart Contract
I have witnessed almost 5 consecutive ICOs that is a hyped ICOs and also sponsored a bounty campaign with big rewards goes way below ICO price. The ICO have a lot of potentials to have a high price. But when the time comes when the ICO concluded and when the time comes when it hit on the first exchange the price really dips hard. Is bounty hunters one of the cause of the price dip?
Typically the bounty will be 1% or 2% of the total of the tokens issued. Even if all the bounty hunters decided to sell all their tokens it would be unlikely to have a big impact on the price. A more likely cause is large numbers of tokens sold at a discount during the Private Sale or Presale. It is not unusual to see these tokens being sold at half the price or less of the price offered in the ICO. Bounty Hunters get blamed but it is almost always the PreSale whales behind the selling.
newbie
Activity: 84
Merit: 0
No, I do not think bounty hunters are the reason for the drop in ICO prices. Because the amount of coin for the prize is only a small portion of the ICO's coin (usually 2-3%), so it does not affect the price of coin.
member
Activity: 170
Merit: 10
The main reason of dumps after the ICO are just the guys who invest on the presale and get a lot of bonus (sometimes more than 50% - 80% and that is a lot) i do not know why you blame the bounty hunters.
newbie
Activity: 63
Merit: 0
Just found this one, it's not a airdrop, but I really like the idea Wink The contest for WC2018, where you can win up to 100.000 LYMS
 http://bit.ly/WC2018Contest
newbie
Activity: 72
Merit: 0
No, if the ICO is well implemented and planned there is no way the price will go lower than the ICO price. It all depends on the developers strategy.
sr. member
Activity: 1176
Merit: 265
I have witnessed almost 5 consecutive ICOs that is a hyped ICOs and also sponsored a bounty campaign with big rewards goes way below ICO price. The ICO have a lot of potentials to have a high price. But when the time comes when the ICO concluded and when the time comes when it hit on the first exchange the price really dips hard. Is bounty hunters one of the cause of the price dip?
I dont think so, bounty hunters together earn only few % of all tokens and many of them are holding this coin. The main reason is that team is working on the product and there are no news just after end of ICO sale...
full member
Activity: 433
Merit: 100
Early investors, people who bought the token at private or presale with big bonus causing that really much   
full member
Activity: 616
Merit: 100
First Islamic Crypto Exchange
I think this is one of the factors that affects the price of a coin only at the beginning of trading, since they usually sell them immediately after receipt, then the price becomes market and equalized
member
Activity: 131
Merit: 10
Maybe if bounties wouldn't be paid in their own tokens, the dumps would be avoided and everyone would be happy in here, except the dev team haha. But yes, that would be a way to fix that.
member
Activity: 344
Merit: 11
I do not think ICO prices are down due to bounty hunters. You are also one of the workers you know how much you get compared to the total amount sold to the ICO. It's just a very small number. ICO reduction is due to investors. Ordered to sell and buy turmoil. And ICO is also affected by market factors. Strongly discouraged by the Mayor, many ICOs, not just the ICO, are involved.
newbie
Activity: 140
Merit: 0
probably not. The bounty only accounts for a very small part of the total amount of the project, and the distribution of rewards is long after the ico, with a period of one month to three months, so the bounty won't have a big impact on the price.
full member
Activity: 462
Merit: 100
There's a truth into this. Not only bounty hunters but also those who receives airdrops. They, most of the time contribute to the massive dip in prices when launching a coin on the first exchange. They immediately dump the coins that they have for easy money -- a practice that is highly discouraged. If you want to really see the true value of the coin, we still have to wait for at least 3 to 4 months for the dumpers to be diminished and for the prices to pump up.
member
Activity: 238
Merit: 33
No doubt it's a yes, you want to know why?

Well i'm once a bounty hunter myself and I've been experiencing all the stuffs that's a bounty hunter experiencing so here's the reason why the bounty hunters are the reason why the price of the ICO is dip.

Answer:
The bounty hunter are here to earn, they spend so much time in order to receive a reward and sometimes they a lot of weeks before they can get their reward. Once the bounty hunter receives their reward they have 2 options to choose:

1. Hold it.
2. Sell it.

If they choose to hold it here are their consequences:
1. The price will fall and all the time they spend will be in waste.
2. If the ICO has a potential the time they spend holding it will give them higher profit.

If they choose to sell it:
1. They can get their profit at high
2. If the ICO has a potential they would regret selling it.

However the bounty hunter doesn't care about the project all they want is easy profit so once the token hits the exchange most of them are selling it because they're afraid that soon the token they hold will be useless in the future.
member
Activity: 308
Merit: 10
I have witnessed almost 5 consecutive ICOs that is a hyped ICOs and also sponsored a bounty campaign with big rewards goes way below ICO price. The ICO have a lot of potentials to have a high price. But when the time comes when the ICO concluded and when the time comes when it hit on the first exchange the price really dips hard. Is bounty hunters one of the cause of the price dip?

Obviously yes, bounty hunters is one of the reason why the market price of a specific coin is decreasing because they are selling a huge amount of coins they earn from the bounty campaign they have joined previously.
hero member
Activity: 938
Merit: 501
Not at all, bounty rewards are not that high just like many people think in here, they are good for the project because they bring up a lot of promotion to the entire crowdsale (trust me, it works)
full member
Activity: 434
Merit: 101
Hey Don't blame bounty hunters for this expect more massive investors when they cheap price and get's a lot of %. IF you guys believe bounty hunters dump the market then don't expect a good return about the coins you want to invest.
jr. member
Activity: 280
Merit: 6
I do not think it's because of the bounty hunters because the bonus is not taking up too much to affect the price. Here there may be price dips to buy from the big investors because they buy at pivate sale has a lot of bonus so the price is lower than the ICO they are still profitable.
full member
Activity: 392
Merit: 100
I don't agree with that. I would say I the early investors, private investors, private sales, that dump on the market once it hit exchanges, this guys are not looking for 10x,20x , 2x is okay for them,  cause they play big.
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