Topic: What is happening? (Read 976 times)
Another good reason why I don't trust exchanges with fake trade volume since they can create fake a pump like this. Wonder if the coin in cahoot with the exchange to bait many investors to their project by doing pumps like this?
At least this incident can provide a little evidence about whether or not there are many participants in a campaign that will not guarantee the price will remain high or fall hard, because market prices can go up and down depending on the existence of a demand, but the worst possibility is a manipulation I think it is easy to happen or do when they have raised a lot of funds.
I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count
The price goes down after be listed on the exchanges is very normal now, not like as the previous time, the price was easy to go higher than the open sell price. You can see CRV coin, its price went down nearly 90% just after three day in Binance
If the value of the token/coin was reduce or drop down, I think let's change the stigma that it is because of the dumping of all the bounty hunters especially like what the author of this thread said "even if their is a limited participants". There many variables that we should also consider when the token/coin value became less that what we are expecting let's also think about that.
Several issues could cause a token to reduce in value, not all price drop can be traced to bounty hunters. In fact, this case was a clear indication, because the bounty was still ongoing and they're yet to distribute the bounty reward. I just wish that people should stop connecting price reduction to the impact of bounty hunters, if the projects were so determined to prevent their tokens from dropping, they should pay bounty hunters with something else.
If they have distributed the token to bounty participants, all blames will be focused to this direction that the token was dumped by hunters but that is not usually the case as most often, the total allocation for bounty is less than 5% of the total supply. So, it is market that determine the price and the progressive development of the team with timely update.
Obviously bounty campaign is still ongoing, because if SPYCE drop value IEO will end up on probit exchange in bounty campaign.
Is the campaign still running? As far as I can see the campaign ended a few months ago and all bounty hunters got their tokens, although the price has dropped quite a bit they still get a good enough amount after 1-2 months of work.
This happens probably because of the current market condition, I believe when pumps comes, spyce token will surely pump aswell because spyce seems to be a good project with a solid team working actively to reach their peak.
Obviously bounty campaign is still ongoing, because if SPYCE drop value IEO will end up on probit exchange in bounty campaign.
I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count
That is not new in crypto market and not only that project drop down the value of their tokens drastically while bounty campaign is still running. A lot of new project now that put a higher value on their tokens during campaign are failed to implement that amount and that is because they do not hold the market. Always remember crypto market is volatile and value of tokens is base on the demand and supply. 
probit is one of the less good exchanges and has a fake volume, maybe that's one of the reasons why the price falls below the IEO price, the lack of enthusiasts in this project so there is little demand in the market is also the reason for dumping
There are many reasons why this could happen. Early investors may have dumped the price for their own needs. Again, it may be that someone from the team sells his portion & there could be many more reasons. If the price goes down due to the red market, then we will see market recovery again very soon.
There is nothing surprising here, because this is the Probit exchange, and the Probit exchange is not better than P2PB2B or Vindax, and as we know these are scam exchanges and it is better not to contact them at all and you need to bypass them and unfortunately Probit is now also blacklisted by a lot of people.
There is possibility of price recovery if the project development is still ongoing, if the present value isn't good enough for you its not bad to hold the tokens for a while, you can never tell what will happen few months later
that drop isn't surprising Some traders want to get profit early on .. and some time team sell their tokens to raise funds for the project. In terms of bounty now a days it's very difficult to find the one which actually give good returns. Still there are few threads out there in the forum regarding exchangeable bounties or the one which are paying in weekly basis.
I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count
I think the investors are selling their altcoin so that's why the price is decreasing maybe for my opinion. 
I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count
It happens so many times, but it is not the end of the world to be honest. There are several bounties out there doing well, but we do not talk about them or ask whatts happening why ?
Does it have to be only about the bears??
The bounty campaign is fixated to the token, and the project is solid. It will stand out in the near future.
I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count
It happens so many times, but it is not the end of the world to be honest. There are several bounties out there doing well, but we do not talk about them or ask whatts happening why ?
Does it have to be only about the bears??
The bounty campaign is fixated to the token, and the project is solid. It will stand out in the near future.
This is not surprising these days, we all know the current market conditions are not good because of corona epidemic even the well established altcoins are in big dip so it's really hard for new altcoins to perform well. Circumstances won't be same we just have to be patience and wait for the right moment.
Yes indeed it is not surprising for current problems, cause of pandemic crypto market is not good as expected and more than that altcoins are decreasing day by day. Maybe as you mentioned new altcoins can not move well, maybe after solved the pandemic it will be better than at the moment. It is needed to be more patient, it won't take a long time.
Its always happen with IEO, that token will be more cheaper from the IEO price while the campaign still on going. From my experience, that is hard to get recover to the official price. Especially that bounty campaign not over yet, that must be the second wave for dump.
Jump to: