Topic: Reason hunters dump reward as soon as received. Trust Exchange etc (Read 813 times)
August 24, 2020, 10:02:33 AM
im looking for a reason of poverty and i cant find that lol but its okay because you include others aside from the numbers listed . you cant feel it if your rich or atleast have some wealth because you wont think of selling your tokens this way but me i can feel it as im one of those who are poor . its hard to sell because i have this confused feeling , when i look on the coin its increasing but i also need money . no choice , i just endure the regret and continue sell
August 24, 2020, 09:58:58 AM
Bounty tokens and coins can turn useless very fast once trading starts on exchanges and this is because the project isn't good enough, the project has too low demand in Crypto space and that's a big red flag
it all depends on the project being developed, when the project can be used by many people and can be a solution to a problem then the price of tokens or coins will definitely still last, but when no one is interested and there is no project development then the price will easy dump happens. 
August 24, 2020, 09:52:03 AM
Edit: There is another point while hunters can decide to hodl though, if the reward value or the unit received is worthless
Yeah thats really a valid point and on where majority is been doing now on why they do hodl because they cant just sell it off coz it isnt listed into any exchanges.Just like on my own wallet on where
it does have lots of shitcoins and mostly in erc20 which doesnt have any value or didnt have the chance to get listed and eventually die after on the said ICO sale.After that i didnt tend to
look back on doing bounty hunting due to this absolute reason but im still amazed that there are still lots whom do consider to get involved into this activity in spite of its success rate.
You would not only wasting up your time and effort but also into the resources spent.
August 24, 2020, 09:47:21 AM
Bounty tokens and coins can turn useless very fast once trading starts on exchanges and this is because the project isn't good enough, the project has too low demand in Crypto space and that's a big red flag
The exchange site will determine what will be the best price that to be valued for the project and this is depending on the how big achievement that can be achieved by the developers during the development progress. The hunters were selecting the good coins to be on their portfolios. What you have been saying also the main reason why hunters dumping their tokens.
August 24, 2020, 09:01:31 AM
usually bounty hunters want to get fast money from their hard work After promoting a bounty project to success, and some other reasons maybe they think that a new project can't last long in the market, so in essence, I think bounty hunters must have their own reasons for selling their tokens after receiving from the bounty project.
We are in a pandemic and cannot go out to work, and a lot of people need money to pay for their lives. That's why we have so many bounty hunters this year, and they need to sell them all as soon as they get it to make money. But things were not as they thought, the price dropped many times after the bounty ended and many projects continuously delayed the token distribution. August 24, 2020, 02:42:58 AM
Bounty tokens and coins can turn useless very fast once trading starts on exchanges and this is because the project isn't good enough, the project has too low demand in Crypto space and that's a big red flag
August 24, 2020, 02:29:05 AM
If the project is promising enough there is no reason to dump instantly, bounty hunters are dumping because they aren't so sure about the progress of the project they promote, I don't blame them for dumping
Unfortunately not all projects have good development because sometimes some projects are not too serious and only aim to take money assets owned by investors so that there are many cases of scams that occur and many shitcoins are circulating which ultimately make the name cryptocurrency bad because of the many tokens or a low-priced project that failed. 
August 24, 2020, 02:27:23 AM
usually bounty hunters want to get fast money from their hard work After promoting a bounty project to success, and some other reasons maybe they think that a new project can't last long in the market, so in essence, I think bounty hunters must have their own reasons for selling their tokens after receiving from the bounty project.
August 24, 2020, 02:22:06 AM
If the project is promising enough there is no reason to dump instantly, bounty hunters are dumping because they aren't so sure about the progress of the project they promote, I don't blame them for dumping
August 24, 2020, 01:43:27 AM
These are majorly the reasons. But most hunters also just joined campaigns just to make some earnings. The hardly understand the technology behind the project. All that matters to them is to sell and earn whatever they can get.
They will not sell if they were getting the promising coins. I should remind you about what was happening with the cartesi token and almost 80% hunters have been holding their tokens in their wallet. That depends on how good the reputation of the company. 
August 24, 2020, 12:59:05 AM
Not all of the hunters dump their tokens as soon as they receive them. I actively participated in bounties during the 2017-18 period, and I still have tokens from that time in my wallets. I used to follow a particular strategy for these tokens. I would convert 40% of the tokens as soon as I receive them, and would dump another 40% after one month. The remainder 20% is for long-term storage. But then I know a lot of people, who held on to their bounty rewards for more than a year.
August 23, 2020, 09:00:22 PM
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Many say when it is handled by a known bounty manager but I don't totally agree with that view because we have seen so many coin that became trash after distribution, some never got listed, some ended up being scam.
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There are many reasons for the token being held or sold by the bounty hunter and that reason depends on the needs of each bounty hunter. Apart from that, what is very interesting is the discussion about the bounty manager, in this case, there is an opportunity the bounty manager will indeed select a project and take a project that is profitable for the manager himself and for bounty hunters. This is a matter of reputation that must be built to become a reliable bounty manager. The problem is a manager is still a human being who can choose a project that dares to pay them a high price, and sometimes the wrong project to handle.Many say when it is handled by a known bounty manager but I don't totally agree with that view because we have seen so many coin that became trash after distribution, some never got listed, some ended up being scam.
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The most important thing for me is how we choose a competent developer so we don't depend on the bounty manager.
August 23, 2020, 07:34:53 PM
Resently there have been lots of whack projects, hunters know a valuable token when they see one, not all token is being dumped by hunters. The same motive to earn by some hunters is also same motive investors have got in mind. Some investors also buy tokens to earn and dump immediately its listed. Dumping can happen, either by hunters, investors or the team. All depends on the team management.
August 23, 2020, 06:10:50 PM
Its because it becomes normal already that when a token is listed to an exchange, its often dumped by investors down to its knees so before that will happen, its best to just do it first and then decide whether to buyback or not. There had been instances where I have hold the tokens I got from campaigns, it takes a lot of waiting to profit but dumping and buying them back when the price is much affordable is profitable.
August 23, 2020, 05:46:30 PM
The bounty hunter only gets a small reward, I don't think Dump happened because of the bounty hunter,
it's natural that we as bounty hunters sell it, because we also need money, don't always blame the bounty hunter!
You're correct, the fact that even the bounty hunters need money to sustain their families will compels them to get involve in dumping their rewards after token listed on cryptocurrency exchange. Those without any other sources of income won't hold their tokens and watch them become $1 or above. Projects had always made allocation for all the campaigns and those for their bounty don't always have weight, so, what they gave to bounty hunters can't crash the market per we. it's natural that we as bounty hunters sell it, because we also need money, don't always blame the bounty hunter!
Exactly, most of the time, the total allocated for bounty campaign on amounts to 1-2% of the total supply, there is no way it affects the market if that 1-2% will be distributed to all of the bounty participants.
August 23, 2020, 05:43:59 PM
I also don't like the word 'dump' as well. Just a matter of cold head thinking and selling when we see it fit. It was our coin, our bag so we can do anything we seem it fit and I don't get it why investors don't like it. Heck if they think we are dumping the coin for such a low price then buy it up.
We don't like to dump prices but without volume prices will start to dump. Most of the new altcoins release more coins to dump the price. Circulating supply is increasing to two year old coins. Without increasing the supply price can be dumped by hunters. 
August 23, 2020, 05:38:28 PM
The bounty hunter only gets a small reward, I don't think Dump happened because of the bounty hunter,
it's natural that we as bounty hunters sell it, because we also need money, don't always blame the bounty hunter!
You're correct, the fact that even the bounty hunters need money to sustain their families will compels them to get involve in dumping their rewards after token listed on cryptocurrency exchange. Those without any other sources of income won't hold their tokens and watch them become $1 or above. Projects had always made allocation for all the campaigns and those for their bounty don't always have weight, so, what they gave to bounty hunters can't crash the market per we. it's natural that we as bounty hunters sell it, because we also need money, don't always blame the bounty hunter!
August 23, 2020, 04:59:37 PM
I laughed at every time people complain that bounty hunters know nothing about the coin they got from bounty and just dump it on the market at any price. Maybe that only for the coin which only worth less than $50. If it worth more, we, bounty hunters have a lot of factors to determine if we should hold or sell like OP's post.
August 23, 2020, 04:19:23 PM
Most bounty hunters work for many months and eventually get some tokens. If these tokens have a value, they want to sell them in order to get some money from it that compensates them for the months they spent in their work. I think they rush to this decision, but they will be disappointed if these tokens lose their value, So they sell instead of waiting for the token to rise in value.
I believe they received a lot of lessons from the collapsed projects in the past, they held a lot of tokens from the bounty and waited for the price to go up, but the price kept crashing and in the end they had nothing left in their wallet. So now the bounty hunter will sell it all upon receipt and no time wasting waiting August 23, 2020, 02:26:06 PM
in my experiences, they dumped it because of panic. i have joined some bounty in the past, some project give a big bonuses for investors. when they get listed on the market and start to trade, the bounty hunters still didn't get theirs reward yet. the team still hold it and let the investors sell it first. then, the investors sell their bonuses first and hold the rest of their coins or token that they've bought for later. when the price is little dumped, the reward was distributed to bounty hunters. they all panic. they think the price will get more dumped and sold it immediately after distribution. then, it just make it worst. the price is dumped really hard.
Interesting point of view. But I'm still wondering how a couple of hundred people with 1-2% of tokens can move the price?Jump to: