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Topic: Spyce Price Conditions before and After Distribution - page 5. (Read 727 times)

full member
Activity: 1820
Merit: 107
IMHO, the bounty tokens have partly caused that dip, But the price is obviously low base on that supplied information and not even reach $0.01 so what can we expect from that price level? I believe it will dip further if there is no intervention will come. maybe the other affecting factor is the demand is not good thats why it cannot create much volume to lift the price.
hero member
Activity: 2576
Merit: 579
Lol. Again someone blames bounty hunters. After distribution they dropped the price from $0,008 to 0,004-0,005 on June 23
But take a look on June 10 - price dropped from $0,011 to 0,007. Who will you blame now? Smiley team or early investors?
I do not blame the bounty participants in this matter, it's just that I was a little surprised when finished the distribution of prices immediately dropped down without the slightest level, so I do not blame anyone because I do not know who this is and I also do not look directly at reality. Wink
member
Activity: 490
Merit: 10
I was forced to sell my Spyce token yesterday because I have no choice, I don't invest in this token, I earned through bounty promotion so nothing to lose, this token was trading at 1.03$ in 2019, yes this is so true, what makes the price dumped to 0.007$ is still unknown
hero member
Activity: 2576
Merit: 579
In the beginning, liquidity at BW.com was still low, buy and sell orders differ greatly. So it is very reasonable if prices fall after the bounty is distributed.
It makes sense, only what I was surprised about when the price distribution was immediately dropped was severe, even though the allocation for the bounty was not too large and everyone certainly knew the amount of the allocation.

Easy, this means that there are many sell orders on exchange than buy orders, this is very common with new projects and SPYCE don't have big Liquidity, the best exchange for this project is BW, the other exchange called Probit isn't that good
Yes, there are indeed two exchanges which are listed as Spyce tokens, namely in probit and BW, and the trading volume of the two is also different, only the amount of price reduction that occurs is almost the same on both exchanges.

I did few research on Spyce project weeks ago, I believe if the token get listed on more exchanges the price will surge, the token use case makes sense enough and the team are very active, if you got your bounty tokens already do not dump all
Yes, and I am also still waiting for the surge in prices on this Spyce token while making a little trade in the BW exchange, because the amount I get is also not much, so it's a pity to throw it away now.

hero member
Activity: 3024
Merit: 745
Top Crypto Casino
There's a common thing that investors and bounty hunters think and that is to start dumping the token. Don't be caught off guard and surprised if the price goes on the dump.
In the beginning, liquidity at BW.com was still low, buy and sell orders differ greatly. So it is very reasonable if prices fall after the bounty is distributed.
Everyone waits for it to come on bw.com or any exchange.
legendary
Activity: 2478
Merit: 1492
Lol. Again someone blames bounty hunters. After distribution they dropped the price from $0,008 to 0,004-0,005 on June 23
But take a look on June 10 - price dropped from $0,011 to 0,007. Who will you blame now? Smiley team or early investors?
member
Activity: 434
Merit: 19
Ah, the dreaded pump and dump and put the blame on bounty hunters. LOL, But to be fair though, this is not the first time and won't be the last. I myself who have been holding a token that I participated more than a year ago and as soon as it was listed on Digifinex, it went on a downward spiral. But today, it is close to 100% ROI, LMAO, good thing that I hold on it never dump during the beginning.

I'm not saying that this coin will have the potential to pump in the future, but let's see how it goes.  Grin
After the distribution ended, the coin dropped to a very low level, and this made me very afraid when I mentioned this coin. I think that if the bounty hunter still holds SPYCE, this coin will be very difficult to increase in the near future. Yesterday, many of my friends quickly sold for $0.0068, and this is a good price for them because if they wait a long time, they will definitely be more disappointed.
Maybe you are right but what if price pumps in near future? Upon all the dumps from bounty hunters the price still stable at 0.0058, since it was trading at 0.007$ before the distribution I expected the value to drop alot but that's not the case here, I think this token won't find it hard to recover
full member
Activity: 2520
Merit: 204
In the beginning, liquidity at BW.com was still low, buy and sell orders differ greatly. So it is very reasonable if prices fall after the bounty is distributed.

Part of the reason to considered why the dumped take place, liquidity still low and once the bounty hunters decide
to sell all the shares, it will quickly reflects from the market.
Looking from that data, it's showed that hunters do aimed to sell while they still seeing value, they are okay taking
some profits from the bounty period of their works.
Anything can happened to this coin, if there are supporters and investors that willing to hold and allow this situation
to pass, the value will soon to rise back.
hero member
Activity: 2576
Merit: 579
I think it's commonplace after token distribution. If we say that there are some participants who throw away tokens. Participants also don't have many tokens to make a dump price. I think there are larger token holders so this can happen. Yes, we hope that the developers do not leave their tokens after distribution.
Yes, it could be that what you say is true, that is, there are bigger holders who immediately throw it away when the bounty distribution is complete, because in this case it is clearly not the act of the bounty participants, because they only get tokens in the thousands.

Maybe some traders and investors know that distribution will be done so they sell the truth. I also don't know the cause of this happening. There may be dumps that we don't know about, I think this often happens in almost projects that will be distributed,
When talking about sadness, it seems there is none, because this project succeeded with its success, but when it comes to talking often there is a price reduction on a new project is clearly possible, even though it sometimes makes someone surprised.
hero member
Activity: 2268
Merit: 507

This is the case that I found today on bw.com exchange, but in this case I also do not fully blame the bounty participants, because I myself also included as a participant in the Spyce campaign, but what I wonder why is that when the distribution is finished the price drops right away ? and things like this don't only happen to Spyce tokens, but some other tokens also experience almost the same thing, does anyone know what the main cause is ?


Your analysis might be right, but do you know that it also depends on each individual project? and their trading strenght ?
Why do i say that? Cartesi was also distributed today, and the token did not feel an inch.

The chart you dropped is not a true reflection of the spyce trade history. @0.006$, what is the value of the buy orders or perhaps the support level of the coin?
dude, CTSI has already traded on binance and that was also getting a very huge volume to prevent the dump. The liquidity that will be supporting the market to prevent the dump that created by the distribution of bounty. in this case the liquidity is a key to avoid the dump
hero member
Activity: 2870
Merit: 594
Ah, the dreaded pump and dump and put the blame on bounty hunters. LOL, But to be fair though, this is not the first time and won't be the last. I myself who have been holding a token that I participated more than a year ago and as soon as it was listed on Digifinex, it went on a downward spiral. But today, it is close to 100% ROI, LMAO, good thing that I hold on it never dump during the beginning.

I'm not saying that this coin will have the potential to pump in the future, but let's see how it goes.  Grin
full member
Activity: 728
Merit: 104
In the beginning, liquidity at BW.com was still low, buy and sell orders differ greatly. So it is very reasonable if prices fall after the bounty is distributed.
hero member
Activity: 1624
Merit: 500
it's very clear the influence of the bounty hunter. but, I think the decrease is not big. I think that the wall is big enough to hold it, or many bounty hunters are holding their assets. as far as I know, the price of this IEO project is $ 0.038, and before the price drops, the price of spyce is $ 0.007, so it's likely that not all tokens have been sold by the bounty hunter.
sr. member
Activity: 952
Merit: 253
Its normal, if your veteran bounty hunter its not new and only few projects can really manage the dump after the rewards are distributed to their participants. Your lucky if your one of the first batch to sell your rewards at reasonable price, but not all times you can blame it to bounty hunters because sometimes the project’s team itself are responsible of the dump.
The main problem was on the liquidity of spycee. This is not something news even when the hunters sell a small amount of spycee and it can created a dump too. No liquidity means no order to give support to the pressure caused by the hunters but this totally depends on the liquidity
sr. member
Activity: 1232
Merit: 379
I always suggest hunters not to rush but sadly most of hunters still rush to sell as soon as they receive the reward tokens they do not even care about the price which is really unbelievable, if the project is of good quality there is no point selling for pennies, just give enough chance to the team to come up with quality product and definitely you can make good profit then with price gains of multiple times.
If I worked for the spyce project, or invested in it, sorry I would not be heeding to your advice, I'll sell the coins ASAP. If you sell immediately, the ROI or return for bounty hunters may be pennies like you said , but imo it's better than holding and selling for less than pennies, or the team makes an exit scam, and you have no one to sell to then. I can only hold Bitcoin for a long time, as for new icos/altcoins, I don't, they are more of pump and dump coins and if you invested part of your money in it, you'll not want to be caught holding it when it dumps.
This is exactly true, have seen many projects happened this way, the best moments for hunter is to sell immediately after distribution in this bear markets period. Could remember in early 2017, I was airdrop $13 worth OPEN token, now what I have left is $0.05, might seem like joking matter but that's the truth. Storing bounty tokens in wallets now is not advisable, sell off immediately, take profit at any cent, and move on.
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
Its normal, if your veteran bounty hunter its not new and only few projects can really manage the dump after the rewards are distributed to their participants. Your lucky if your one of the first batch to sell your rewards at reasonable price, but not all times you can blame it to bounty hunters because sometimes the project’s team itself are responsible of the dump.
legendary
Activity: 2184
Merit: 1302
I always suggest hunters not to rush but sadly most of hunters still rush to sell as soon as they receive the reward tokens they do not even care about the price which is really unbelievable, if the project is of good quality there is no point selling for pennies, just give enough chance to the team to come up with quality product and definitely you can make good profit then with price gains of multiple times.
If I worked for the spyce project, or invested in it, sorry I would not be heeding to your advice, I'll sell the coins ASAP. If you sell immediately, the ROI or return for bounty hunters may be pennies like you said , but imo it's better than holding and selling for less than pennies, or the team makes an exit scam, and you have no one to sell to then. I can only hold Bitcoin for a long time, as for new icos/altcoins, I don't, they are more of pump and dump coins and if you invested part of your money in it, you'll not want to be caught holding it when it dumps.
newbie
Activity: 44
Merit: 0
Because after the end of the distribution, the developed team and a large number of people try to sell and thus create a lot of liquidity that may lead to a lower price.

Also, many platforms lie about profits, which makes many people sell once the currency has reached the maximum possible price, which is the price before the end of the promotional campaign.

dont save tokens for long time
legendary
Activity: 3178
Merit: 1054

its only found in one exchange?  

bw will not be enough for its price to go moon. it will just keep moving down. if bounty hunters get hold of their tokens, they better sell before it drops to $0.0001 all your efforts at least will be paid even if its just $20. i find it a good project but its just not what people needs.


This is the case that I found today on bw.com exchange, but in this case I also do not fully blame the bounty participants, because I myself also included as a participant in the Spyce campaign, but what I wonder why is that when the distribution is finished the price drops right away ? and things like this don't only happen to Spyce tokens, but some other tokens also experience almost the same thing, does anyone know what the main cause is ?


Your analysis might be right, but do you know that it also depends on each individual project? and their trading strenght ?
Why do i say that? Cartesi was also distributed today, and the token did not feel an inch.

The chart you dropped is not a true reflection of the spyce trade history. @0.006$, what is the value of the buy orders or perhaps the support level of the coin?


you mean the team is buying back?
member
Activity: 579
Merit: 13
Are you kind to your neighbor? Think it through

This is the case that I found today on bw.com exchange, but in this case I also do not fully blame the bounty participants, because I myself also included as a participant in the Spyce campaign, but what I wonder why is that when the distribution is finished the price drops right away ? and things like this don't only happen to Spyce tokens, but some other tokens also experience almost the same thing, does anyone know what the main cause is ?


Your analysis might be right, but do you know that it also depends on each individual project? and their trading strenght ?
Why do i say that? Cartesi was also distributed today, and the token did not feel an inch.

The chart you dropped is not a true reflection of the spyce trade history. @0.006$, what is the value of the buy orders or perhaps the support level of the coin?
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