Reason hunters dump reward as soon as received. Trust Exchange etc - page 4.

JohnBitCo

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Quote from: bgaf on August 09, 2020, 01:17:34 AM

You cant blame them some of the hunters are actually relying on the profit on their campaigns. It sound desperate but thats the truth. I know its not appropriate to use forum as a job or what but that is what happening here. Most likely some user here are displace or neglect of their jobs due to covid19 situation and they just relying on the income they get here. Too bad and sad but this is reality and should never be the case so dumping is inevitable cause they can get something to use for daily living. But for those who are in good position they could hold it or trade some but for others let say they have no choice.

I used to hunt bounties some time back and also keep holding the reward. From my experience, most of the coins loses their value and become cheaper and cheaper. The best time to get profit is to dump all your coins as soon as you receive them or as soon as the coins hit the exchanges. There are only few coins with good projects which retain their prices and are pumped later.

Mpamaegbu

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The reason for my action is right there in the OP — to increase my reward. Normally, I sell off once the reward is distributed and then buy back after the noise from weak hands who sell for a pot of porridge has died down. A lot of hunters rush to sell when they sell others selling without knowing why they are selling off. I try as much as I can to participate in bounties I trust enough to do well and think it's necessary to hodl those rewards as payments after distribution. Why advertise a project you don't believe will do well in the first place?. Yeah, I ain't always lucky doing this a few times because scan devs and teams have subtle ways of blinding the public.

Twinkledoe

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Quote from: bgaf on August 09, 2020, 01:17:34 AM

You cant blame them some of the hunters are actually relying on the profit on their campaigns. It sound desperate but thats the truth. I know its not appropriate to use forum as a job or what but that is what happening here. Most likely some user here are displace or neglect of their jobs due to covid19 situation and they just relying on the income they get here. Too bad and sad but this is reality and should never be the case so dumping is inevitable cause they can get something to use for daily living. But for those who are in good position they could hold it or trade some but for others let say they have no choice.

And if you will not sell your share, you will be the one who will be wasting your time on these countless crap projects. So it is really better to discard whatever you've got in your campaign rather than wait and wait for nothing. Believe me, if you will not sell it right after you receive it, you will find yourself holding worthless tokens or coins. So instead of holding those crap tokens, better sell it while it has some value in the market.

bgaf

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You cant blame them some of the hunters are actually relying on the profit on their campaigns. It sound desperate but thats the truth. I know its not appropriate to use forum as a job or what but that is what happening here. Most likely some user here are displace or neglect of their jobs due to covid19 situation and they just relying on the income they get here. Too bad and sad but this is reality and should never be the case so dumping is inevitable cause they can get something to use for daily living. But for those who are in good position they could hold it or trade some but for others let say they have no choice.

AmoreJaz

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Quote from: bbcolex on August 08, 2020, 10:03:28 PM

Bounty hunters are focusing on the rewards they can get some of them make a living out of it, we cant blame all of them tho they can do whatever they want with there bounties, most of the bounty hunters dont have the patience to hold long term.

tbh, i dont blame them for discarding their share as soon as they got it as most of these tokens die down after few months of trading. better sell it while they have value in the market. because thats the reason why they joined the bounty program in the first place, to earn money and not let their share goes to zero value. how many projects have increased after getting listed? so if you are a hunter and wants to safeguard your effort, you will sell your share while you have the opportunity to earn from it.

bbcolex

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Bounty hunters are focusing on the rewards they can get some of them make a living out of it, we cant blame all of them tho they can do whatever they want with there bounties, most of the bounty hunters dont have the patience to hold long term.

Chuky92

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Quote from: palle11 on August 06, 2020, 03:02:19 PM

I was going through meditation on why hunters sell (I don't like the word dump because you can sell and buy again ) their reward token as soon as it is distributed and listed. I came to realise some factors, they are :

1. The technology behind the project , whether new or old.

2. Trusting the project to compete favourable with other protects if any was existing.

3. If the project already has an existing mother project backing it.

4. If there is a partnership with a trusted, company, outfit, conglomerate etc.

5. A good project with low maximum supply.

6. Speculated exchanges to be listed

7. And exchange(s) where the coin gets listed eventually.

These are some factors I think determines the mind of hunters to sell immediately or to hodl for a while.

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.

Edit: There is another point while hunters can decide to hodl though, if the reward value or the unit received is worthless

I think one of the major reason is Trust, most projects team gives bounty hunters the reason not to trust them. Most projects are quick to extend distribution while citing many reasons, that extension or delay will even fuel the minds of hunters to dump when they get their rewards, but however if the project is one which have potential, then many will hold. Also another reason is when they see a favourable price, they will sell owing to the fact the crypto space can't be predicted. Your point no 7 also says it all, a good exchange is also another reason.

10BTCaDay

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Quote from: prehisto on August 08, 2020, 01:07:29 PM

this is logical becasue most of the tokens plumet. In a sense this is a some kind of cyclic pshihology. The price plummets becasue hunters and others hunters sell becasue they feel that price will plumet.
Also almost all projects are clueless how to sustain normal token price, all this can be avoided if the team is smart and cares.

I have not seen any company for a long time in which bounty hunters would receive such big rewards to dump prices ten times. I think that dumps does not happen due to the fault of hunters

arufox

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Quote from: restuibu on August 06, 2020, 07:04:59 PM

yes 95% of bounty hunters will sell tokens that they get immediately in my opinion there is a reason why they do that, like
they do not have enough money for the necessities of life
they don't want to miss the moment when the price is still high. because it is proven if 2-3 days when the token listing will experience a dump. like many people say "panic sell"

Where did you get this data?? If you say most of bounty hunter sell their token immediately, it's okay but said 95% it's too absurd. And i also see many bounty hunters regrets the decision to sell immediately, so the reason the don't want to miss the moment isn't quite right. The most sense because of they wanted to exchange it for real money

prehisto

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this is logical becasue most of the tokens plumet. In a sense this is a some kind of cyclic pshihology. The price plummets becasue hunters and others hunters sell becasue they feel that price will plumet.
Also almost all projects are clueless how to sustain normal token price, all this can be avoided if the team is smart and cares.

kensaii

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A lot of bounties are failed to meet your list of reasons why so no wonder people sell their bounty right away after the distribution. A new project has to do bounty because they want to catch the investor's attention. And many new projects also failed to get enough investors and either has a setback with coin's price going low because no trusting for it, no good exchange since listing need money too.

Pamadar

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Quote from: Akoldi_ibk on August 07, 2020, 05:41:39 PM

Experience they say is the best teacher. Every hunter have had this experience where they held on to their bounty rewards hoping for increase in price or exchange listing, but eventually, watched the tokens turned out to be worthless.
Energy, effort, brainstorming and a lot of resources were put together to complete the bounty tasks which in some cases takes months. With past bad experience and the need to make worth of the token received, hunters sell and move on.

Yes, the reality of being a bounty hunters relies with experienced from the past, they are considering decisions base
from the last outcomes of their participations.

Hold or dump depends on their knowledge with the project that they supported, if they feel that there's none, no need to hold.

Akoldi_ibk

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Experience they say is the best teacher. Every hunter have had this experience where they held on to their bounty rewards hoping for increase in price or exchange listing, but eventually, watched the tokens turned out to be worthless. Energy, effort, brainstorming and a lot of resources were put together to complete the bounty tasks which in some cases takes months. With past bad experience and the need to make worth of the token received, hunters sell and move on.

kawetsriyanto

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Commonly, the bounty hunters are afraid that the coins will not be worthy again in the future. So as soon as possible they can get it for cash or convert it to the trusted coin or top coins. Commonly, bounty hunters do not care about future prospects, they only need soon rewards to be cash for them. But in this case, is it really that bounty hunters will dump the price? The percentage of the tokens for bounty hunters is so small compared to the investors. Are you that the bounty hunters who dump the price?

Diamond_Darrell

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Quote from: palle11 on August 06, 2020, 03:02:19 PM

I was going through meditation on why hunters sell (I don't like the word dump because you can sell and buy again ) their reward token as soon as it is distributed and listed. I came to realise some factors, they are :

1. The technology behind the project , whether new or old.

2. Trusting the project to compete favourable with other protects if any was existing.

3. If the project already has an existing mother project backing it.

4. If there is a partnership with a trusted, company, outfit, conglomerate etc.

5. A good project with low maximum supply.

6. Speculated exchanges to be listed

7. And exchange(s) where the coin gets listed eventually.

These are some factors I think determines the mind of hunters to sell immediately or to hodl for a while.

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.

Edit: There is another point while hunters can decide to hodl though, if the reward value or the unit received is worthless

Bro, three years of experience has shown that as a rule, selling immediately after the distribution of a coin is the best option. It would be more profitable to exchange them for bitcoins and store them. There would be much more sense

jrrsparkles

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The main reason why most of the people sell their tokens from bounties soon after they got it is just because people who held their rewards from bounties in the past get nothing at the end of bull run that is why people are so desperate about converting their rewards into real money.

pixie85

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They dump because most of them are poor people for whom getting 100% of their reward value and 50% is important.

People who have a lot of money are known to invest and speculate because they feel safe and confident. Those who don't have a lot spend and save up what they can. Holding a new coin because it could pump one day is just too risky for them.

Becky666

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if I get the job done and get equally paid, what else should I do with my rewards?, to sustain my life and families because this is my job Roll Eyes

dump! dump!! and dump!!!. Hunters will remains dumpers because they are different from investors and traders. Personally, am not against the hunters but getting their rewards dump immediately the token get listed is worrisome, the bounty managers should rise to their responsibilities in distribution of these tokens batch by batch. This will help to solve part of the problems from bounty Hunters against potential projects.

pandanaran

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yes, some of the factors above are reasons often used by bounty hunters. Even I am personally aware of it. I mean when I receive a token from a bounty project and the project team is always updating the project, the project has good progress, the limited supply of tokens might be reconsidered to hold that token. something can come at any time or happen unexpectedly. but stay alert and always monitor such projects.

RabbiTANK

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The reason why many bounty projects dump right after trading starts on exchanges is because many of the projects are bad projects from bad developers, they are built to make money out of by the team, if you are very picky you will easily avoid wasting your time

Topic: Reason hunters dump reward as soon as received. Trust Exchange etc - page 4. (Read 792 times)