Because they do not understand the real perspective of the project and the possibility of earning.
Topic: Why do Bounty Hunters Sell Immediately they receive reward? - page 52. (Read 6424 times)
Many ICOs have realized that Bounty hunters always sell their coins immediately they give it out to their wallets especially when they are on exchanges. What are the reasons why they sell it out and what should bounty hunters do when they are given the tokens.
Bounty hunters always do this mistake of selling immediately when given the tokens from the bounty campaign. It doesn't sell well and the price plummets harder. What they don't get is when you hold longer the tendency of the price is to go higher because the demand develops further.
Now there is a rush to sell as many tokens as they can, before the other bounty hunters dump their tokens. I have seen this for a lot many of the ICOs during the past few months. Also a lot of the bounty hunters have lost their confidence in the market due to low prices.
I think they do not have a lot of money and have to buy something for their life needs so they sell the new tokens they get from bounty but not everyone does that because some people will always hold up the coin into a bigger exchange in order to earn a lot of income
Usually, bounty hunters want a quick profit, so they support any campaign whether the project has a future or not, so when the campaign ends they don't bother to see if the project is going well or not and just dump to earn a quick buck.
ICO project managers know that a bounty hunter would sell the reward tokens immediately but I think they really simply cannot avoid it as it is a reward and that hunters own it themselves. Most of the time, once a token gets into an exchange, bounty hunters just sells it and get instant profit. There are numerous reasons why they do it. I think the first one is to get a profit as soon as possible, because we know that ICOs takes a lot of time to get things done and bounty hunters work for them for like a month or even a year which is kind of frustrating. Second one is to sell the tokens and once the dip happened, they're just going to buy again at a lower price to accumulate and hold more.
As a bounty hunter, I sell of immediately to cash out the reward for my hard labour. Although, it is not as if I sell off everything, I sell some part of the coins and leave the remaining ones for another season. In fact, there are some good projects I don' t even sell at all.
Many ICOs have realized that Bounty hunters always sell their coins immediately they give it out to their wallets especially when they are on exchanges. What are the reasons why they sell it out and what should bounty hunters do when they are given the tokens.
Many bounty hunters sell their coins or tokens just to earn a living, because after working for one or more months in bounty campaigns they actually needed money to pay for their data fees,children up keeps etc. Some times you don't have to blame them because of the level of poverty in most developing countries of the world. So I suggest bounty hunters should only sell some parts of their tokens to avoid dumping.
Not every bounty hunter immediately sell their tokens. Some of them are strong holders.
Usually i prefer to hodl my bounty tokens because i try to participate only in bounty campaigns of promising and ambitious projects.
Yeah, agree with you, with this strategy you can earn a lot of money even with only twitter and facebook.
Not really. if you choose the right bounty campaign then the coins will be valuable to hold them. I usually sell half and hold the rest until they grow up .
Many bounty hunters sell their tokens immediately after they receive it, because they do not have experience in crypto analysis. Many simply do not know what to do next and do not have a clear trading strategy. Who knows the tokens have good project and start to pump the price after a few weeks or months. Not all tokens are going to dump and not all tokens are going to pump. Its your choice to sell it immediately or hold until it reach high value. Also, owing to the fact that they participate in many projects at the same time, most especially those who are into social media bounty, where so many bounty can be done at a time. In short it depends on you; If you think the token will increase, hold for a while but if you find it difficult to increase, it is better to sell it.
It is not true about everybody. Some of them are just profit-oriented and impatience after all, so they are selling right away, but still there are those, who are prefering hold than selling.
Bounty Hunters will not sell tokens of a promising ICO. They, like investors, will keep these tokens in the hope of a good profit. Slag better to sell at once. I'm thinking 1-2% of the tokens allocated to the bounty can't lower the price per token.
most just have no knowledge and are being influence to sell. most just needed the money at that point in time, most just want to hold prominent coin like eth and btc but since they can't afford to buy it they do so many bounty and exchange immediately after being paid (this category of bounty hunter don't care about the project and they tend to join even scam project in the hope of exchanging into prominent coin),
I think that in my cases of bounties rewards are delayed by the months, participants can get their tokens for months after the reward program is completely over
this is true this is how they can be benefited for by having this such amount of reward and been taking to sell this if the price are pretty good but as time goes by there is a possibility that this reward can take to low price and they can be able to benefited on it.
The free bounty is something that can be held over a long period of time, not the encryption that you pay for. Many low-cost encryption can be held over a long period of time.
I don't know where people get that fact from but it's not alwsys true. Some bounty hunters are good holders
Most hunter are doing bounties as a source of living and that is why when the tokens they received are listed on the exchange site they immediately dump their tokens to earn their reward as an immediate gratification of the work they had contributed.
Yes this is also a valid reason many unemployees are working in this forum so once they received rewards they will convert it into cash and one more thing when the coin list in any exchanges the price suddenly go high and come down some people will use this advantage and make money.
Usually i prefer to hodl my bounty tokens because i try to participate only in bounty campaigns of promising and ambitious projects.
Jump to: