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Topic: Is it just me or there are others who have same thoughts? - page 9. (Read 1353 times)

member
Activity: 322
Merit: 10
Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading

Possibly but not entirely true, it depends on how good the bounty campaigns are, what about bounties that are trading at lower price and after distribution the price start surging? Tachyon protocol was an example
member
Activity: 518
Merit: 28
Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading

Do not promote bounties simply because they are already listed on exchanges, this can easily get you blind from detecting some real fact about the project, just because it's listed doesn't mean it's good enough, you need to do research still and not set eye on its present value
member
Activity: 742
Merit: 16
You are not alone, I sold my Spyce tokens for penny after it dumped alot even before bounty distribution started, I guess the mistake was on us bounty hunters because Spyce use case isn't that great, ARCS bounty is trading too and the price have dumped many times but still recovers, that's example of a very good coin, they recover easily
member
Activity: 504
Merit: 16
It's a shame what listed bounties are turning into, blockburn team refused to distribute bounty token, they promised after 3 months later but yesterday I find out that they have changed date of distribution to 6 months later, another listed bounty project that disappoint me was I.Q cash, distribution is not done yet but price have dumped alot, the price was 0.33$ before and now it's 0.04$.
sr. member
Activity: 1036
Merit: 329
Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading

This only means bounty now a days is not great way to earn money find your skills or learn a new skills  make your own service to offer and earn money from it in that case you don't need to always rely on bounty rewards that they give you can start your own ways to earn money as freelancer that offer a service.
legendary
Activity: 1134
Merit: 1598
It's why ICOs exploded a few years ago. The first ones to profit off them were able to get rich out of literally nothing and some people are late but still trying hard. There are a lot of shitty tokens that were simply copied from each other and I would not be surprised if they all actually had the same owner too. Going into bounties and crappy tokens in a hope of claiming a valuable coin for free is just a worse version of taking the entire NYSE list and pinpointing a completely random business to invest in.
member
Activity: 464
Merit: 10
Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
Bounty campaigns are a cheap way of advertising. All they promise in most cases is worthless tokens that have no value or very little value in exchange for your time and bandwidth.

By now you should have figure out this already. Always participate at least in bounties that pay in Bitcoin or a few other valuable top altcoins
paying bitcoin campaign have limit to its participants amount , and also not all rank or member could not participate cause its very restrict.  usually this campaign will require merit , and this is be main problem for several member.
sr. member
Activity: 644
Merit: 257
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading

Im thinking maybe you are right about that but of course we cant say all for them. There are still some good projects launching bounty with sincere intention. If there are developers who are like this kind of people then those are abuser of knowledge they have and merely skipping the hardship of earning money. Its easy way actually to make a project popular and leave it afterwards. They can always says the project still continue but the truth is they are creating ways to exit slowly without being noticed.
hero member
Activity: 2814
Merit: 576
Dumps are something a new or old crypto project can't escape, since all coins are designed to be volatile it will surely happen at one point in time, all you have to be aware of is the project use case before promoting, consider checking it's use case very well, if the use case is very useful the token or coin will easily recover
Yes, thats exactly one part of the price of crypto being more secured, decentralized and private.
Is it a thing for crypto to overcome somehow - Idk honestly
If the project is really useful, their tokens might still have chances to dump but later on, it's value will recover again. This is not new to bounty projects nowadays and even bounty hunters are already used to it. But with thousands of bounty projects in the market, bounty hunters still try their luck hoping in the end they can receive rewards tokens that are of better value.
hero member
Activity: 1442
Merit: 510
This is not only for bounty hunters but also for investors. I think that some projects deliberately spend a lot of money at the beginning then they destroy their own tokens. Well, for some projects, it looks like you think. However, I try to keep positive thinking that maybe in the future, the price of the coins can be better.
What is their purpose in destroying their own tokens? Is it to cut supply so make prices rise? If it's like that then I believe in a project uses this method. But in reality, their tokens are still cheap and don't have good volume on the Exchange.
member
Activity: 166
Merit: 12
Bounty hunters joined bounties that are trading simply because they are listed on exchanges, all they have in mind is they will be able to sell once the bounty token got distributed and this makes them less eye opening to how good the bounty project is, not all listed bounty projects are good
hero member
Activity: 1624
Merit: 500
This is not only for bounty hunters but also for investors. I think that some projects deliberately spend a lot of money at the beginning then they destroy their own tokens. Well, for some projects, it looks like you think. However, I try to keep positive thinking that maybe in the future, the price of the coins can be better.
hero member
Activity: 2604
Merit: 816
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If the new project listed on the exchange, the dump will coming for the new token/coin because the investors and the bounty hunters want to make money from the project. It is normal to see what will happen in many new projects, but maybe the developer can prevent the dump or join with the dump, which means the developer can sell their token at a price. But some new token will get a pump for a second after the new token listed on the exchange, so I think the developer can sell their token at the high price.
full member
Activity: 194
Merit: 100
Dumps are something a new or old crypto project can't escape, since all coins are designed to be volatile it will surely happen at one point in time, all you have to be aware of is the project use case before promoting, consider checking it's use case very well, if the use case is very useful the token or coin will easily recover
Yes, thats exactly one part of the price of crypto being more secured, decentralized and private.
Is it a thing for crypto to overcome somehow - Idk honestly
sr. member
Activity: 1484
Merit: 253
Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading


Bounty campaign whose tokens have already been listed on the exchanger I think will slightly affect the price in the market. Investors will wait for tokens to be dumped by bounty hunters and I think this is reasonable because investors will definitely try to buy at cheap prices. For hunters, campaigns whose tokens have already been listed on the exchanger will be profitable because they don't have to wait long for distribution or selling tokens.
Investors is having a suicide if they'll kept on investing with uncertain tokens that doesn't have strong community. Bounty hunters who doesn't have plans for their rewards, has no room for future of an specific project. What they have is greed in their hearts, and don't care for the benefits of other holders.
If I am part of the bounty, I would choose to sell what I only needed to and avoid having panic when market declines.
member
Activity: 952
Merit: 27
Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading


It always happen because some are here to make a quick profit if the project is good even if there are dumps in the initial stage of listing, it will eventually recover and prove itself in the market, if you are holders and believe in the project worth then don't be part of the dumpers.
sr. member
Activity: 1428
Merit: 251
Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading


Bounty campaign whose tokens have already been listed on the exchanger I think will slightly affect the price in the market. Investors will wait for tokens to be dumped by bounty hunters and I think this is reasonable because investors will definitely try to buy at cheap prices. For hunters, campaigns whose tokens have already been listed on the exchanger will be profitable because they don't have to wait long for distribution or selling tokens.
legendary
Activity: 3024
Merit: 2148
Of course bounties are used to promote a project, that's the definition of bounty - a social media campaign compensated with tokens. A few years ago the scammers who ran ICOs could get most of their profit from the ICO itself, now they also sell their issued tokens on exchanges because there's not much initial investors. Perhaps they even do like you describe - try to sell before the bounty hunters, because bounty hunters can crash the price. If this is true, then it only signifies how unpopular the ICOs have become. Maybe it's time to already acknowledge that bounty hunting isn't worth it anymore?
member
Activity: 1008
Merit: 12
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading

Yeah it is really disappointing scenario, even the projects that have paid boumty rewards tokens, the price dumps multiple times to new lows just before bounty distribution and it dumps further after the distribution for serious promoters and hodlers this situation is really worrisome, there should be a mechanism so that the prices can be stabilized around ico prices atleast.
full member
Activity: 1904
Merit: 138
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A new project can’t guarantee a big price pump on its very first day or week after listing because the demand will still depend if your project is good or not. If the exchange listing is a pure hype then you can expect a dump price within a day.

Bounty hunters are also dumping their rewards easily because they also know that the price will go down after listing. If you’re a believer of that project then you will hold until you see its great value, well for me it will still depend on a project.

Most projects in the altcoins board are crap so the team usually dump it the first time they hit in the exchange. But unfortunately, at that time, those hunters haven't received their share yet. So usually, the price is already down when they receive their share. So there's no reason for the hunter to hodl it long, because it will only go down. Better discard it while it has still value. Otherwise, you will be left bag holder of useless coins.
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