Topic: Reason hunters dump reward as soon as received. Trust Exchange etc - page 6. (Read 750 times)
August 07, 2020, 04:41:07 AM
The answer is simple most of bounty hunters are looking for immediate income to earn money even if the project has a huge potential in the future they will still prefer to sell at current price because they need to earn money I dont know if they have offline jobs or not thats why they eager to earn money Im a hunter too but I usually wait for atleast some months before selling if I know the potential of a project.
August 07, 2020, 04:34:48 AM
Yeah but there are different reasons why hunters dump their reward from bounty, the most common one is selling for a good price especially when the tendency of the price to dump irrespective of hunters not selling their token is high, when the team dump on hunters first the price will be very low and your reward will lose the original value,
Another reason is lack of active development from team to improve the project, once the team started slacking in their responsibility to give update about project growth can send a bad signal and create the urge to sell and move on.
Another reason is lack of active development from team to improve the project, once the team started slacking in their responsibility to give update about project growth can send a bad signal and create the urge to sell and move on.
August 07, 2020, 04:13:26 AM
Some hunters start promoting projects without even reading about the project and since they don't understand much about the project all they can do is sell the project as soon as they get listed on the exchange.
August 07, 2020, 03:29:43 AM
We have full time bounty hunters on this forum and once they receive tokens they swap for fiat straight up and again it's very hard to hold tokens because some times they will lose value and become pennies
August 07, 2020, 03:23:45 AM
that's right, not every bounty hunter have any job.
they dumping because they need the reward after do bounty. Not only bounty hunters, investors can dump the project too.
because this is happen in me few month ago. that project freeze the token to bounty hunters.
But, after list exchange the price is still dump because the investors.
they dumping because they need the reward after do bounty. Not only bounty hunters, investors can dump the project too.
because this is happen in me few month ago. that project freeze the token to bounty hunters.
But, after list exchange the price is still dump because the investors.
August 07, 2020, 03:09:58 AM
Team do dumps, investors do dumps, private sale grabbers do dumps, only weak projects put blame of dumps on bounty hunters, the percentage of tokens given to bounty hunters are lower than the percentage of tokens for ICO or IEO sales
August 07, 2020, 03:06:28 AM
not the bounty hunter that caused a big dump but I think from the project itself that is not ready to compete while on the exchange, if handled by a great team of course the newly registered altcoins can get good hype in the market.
August 07, 2020, 02:50:06 AM
maybe your theory is true, but most bounty hunters, including me, immediately sell tokens because they think it is a reward or salary after doing a good job for a long time. So, no need to wait any longer, when the token has been received and has been registered on the exchange market, it will definitely be sold immediately.
Maybe it's your opinion but I believe others will have a different opinion too. Have you taken a look at the cartesi? there are so many hunters are still holding their cartesi right now and that means if when a project is having a very good reputation and the hunters will be holding it. August 07, 2020, 02:19:22 AM
Tokens can turn useless as soon as trading starts on exchanges, a friend of mine promote a bounty in January and just in few hours when trading starts on exchange the token became valueless, it was trading around 0.001$ and ends up to 0.00005$ in just few hours, it's damn risky to hold tokens unless the project has good demand
August 07, 2020, 02:13:13 AM
Have you heard about some projects that are called pump and dump? It's one of the reasons why bounty hunters don't hold tokens they earned through bounties in their wallets, they prefer selling for top altcoins or bitcoin
August 07, 2020, 01:56:15 AM
Sometime selling could also gained another opportunity. Let say the hunter sell his token for a good price. Later on the price dump. He has a chance to buy again his earned token from bounty excluded the profits he already earned. Now chance that the project could regain their price or great exceeded. Then you can gain profits again. That simply how a wise hunter do his thing. But not the same in all cases. Why? Cause there are some shitcoin that will be buried forever as shitcoin and does called it dumped for those projects.
August 07, 2020, 01:54:13 AM
It depends on the quality of the bounty project, if it's promising enough for example like Cartesi then it's worth holding, many bounty hunters have the mind of holding tokens but after they did this the tokens became worthless that's why most prefer to dump while they can.
August 07, 2020, 01:50:51 AM
If these projects don't really want bounty hunters to dump, they should have paid them in BTC, ETH, etc., rather than in their own tokens. We can't blame bounty hunters to sell their tokens, because they've worked hard for it. They've spent their time, effort and skills to promote that project, and they deserved to get compensated fair and square.
The project team are the ones responsible for that. There is a project where they had too much giveaway to their community, in which results for their token dump in the exchange after the bounty program. They must do something to balance such as limiting the number of quality participants, reducing the reward pool and distribute it on a staggered basis for a few months to control the price.
The project team are the ones responsible for that. There is a project where they had too much giveaway to their community, in which results for their token dump in the exchange after the bounty program. They must do something to balance such as limiting the number of quality participants, reducing the reward pool and distribute it on a staggered basis for a few months to control the price.
August 07, 2020, 01:48:17 AM
I think the majority of the bounty hungers dump they times because of their mentality and they don't do proper research on the project. They dump it because it's free for them and they are happy with what they get.
I don't consider bounty hunting a free way to earn tokens, it's very stressful most times and it's time consuming too, what I do right now with tokens earn from bounties is keep 10% of the tokens and sell 90% on exchanges August 07, 2020, 01:46:14 AM
I've hold unto few tokens I earned from bounties years back and I got burnt while holding them, till date I regret not selling when I had the chance, since that time I knew I was the one who choose a wrong or bad project
August 07, 2020, 01:44:25 AM
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.
These are some factors I think determines the mind of hunters to sell immediately or to hodl for a while.
) 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.
These are some factors I think determines the mind of hunters to sell immediately or to hodl for a while.
I think these five are consideration for me to wank keeping a token reward for a try. If I get convinced in any of the above point, sometimes I decide to hodl to give a chance if it will be my luck as I have heard and read in the past about bounty old days expecting to be lucky in my own time .
August 07, 2020, 01:42:46 AM
This might be true but some bounty hunters are relying to their income on bounty and treating it as their job. So if you work then you'll get paid, and selling their rewards means their hardwork paid off after months of promoting. There's nothing much explanation unless if this particular bounty hunter believes there's a good thing for holding his rewards and chose to wait for his set time frame.
August 07, 2020, 01:34:15 AM
I think the majority of the bounty hungers dump they times because of their mentality and they don't do proper research on the project. They dump it because it's free for them and they are happy with what they get.
August 06, 2020, 11:50:03 PM
I think there is no need to complicate things. Bounty hunters simply dump bounties once it reaches a decent price and once it is listed in an exchange to claim the reward of their hard work, or simply because they don't trust the project or the team that the project will continue to survive in the long-run.
August 06, 2020, 09:56:58 PM
Most of the bounty hunters prefer to hold bitcoin rather than holding their bounty rewards. That's the common reason why they sell it right away after receiving it.
Also, since the new projects are just building it's name in crypto market, bounty hunters are not trusting wholeheartedly and doubt if it will gonn survive for long and that's another reason for dumping the token rewards.
Besides bitcoin, I think hunters also hold more common altcoins, for example ethereum, usdt, binance coin, tron because holding a altcoin from a bounty project is a bit risky because if we wrong predict the fate of that project this will make we lose, I've never hold bounty reward for long and prefer selling it directly because I didn't believe in bounty project, especially if the project concept looks general. Also, since the new projects are just building it's name in crypto market, bounty hunters are not trusting wholeheartedly and doubt if it will gonn survive for long and that's another reason for dumping the token rewards.
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