So far, from my experience participating as a bounty hunter, the pain that I experience is when participating in a project but the result is that the token is not too expensive and the most painful is the developer who does not provide the allocation to the bounty hunter. Therefore, until now, I decided to participate in the campaign that had escrowed or gave the allocation to the bounty manager so that the payment would run smoothly.
they act willingly to bounty hunter and even didnt respect to our work after several months . for bounty hunter this is the worst moment when just spend our effort but recieved nothing.
Bounty hunters should be blamed if you take the all facts together and make a perfect analysis. The idea is simple, the more bounty hunters dump the tokens on the market price the team has to buy back more. If the bounty hunters don't believe in the future of the project, they only need quick cash with promotion of the random project for a few months.
most of bounty hunter need cash quickly and convert their token to bitcoin or major coins . its rare to hold bounty token for several months, if any hunter like it just few people.
I don't think it is right to blame bounty hunters for the dump in the market. Yes, definitely, they will sell the tokens because that's the reason why they participate to begin with but after the dump period, if the project is strong, they should rise again. If not, then, it is not the fault of hunters but the project itself. Also, consider the amount allotted to them, very small as compared to what the team or advisors are holding.