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Topic: Why do Bounty Hunters Sell Immediately they receive reward? - page 55. (Read 6424 times)

member
Activity: 182
Merit: 11
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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.

The simplest and most straight forward answer would be because they want to take less risks and hedge the value of their tokens. It is not uncommon that you see that altcoins and bounties are pump and dump projects where in one day the value can easily be wiped out.

By immediately selling bounty rewards you are guaranteed of token value in fiat.
newbie
Activity: 1
Merit: 0
There are diffrent reasons of it. Some people sell tokens, because they need the cash. Some people exchange them into coins more potential like Bitcoin and Etherium. Some are afraid if they don't sell coins  the price will go down or the coins will loose their value.
newbie
Activity: 183
Merit: 0
The mentality is the key here actually. Bounty participants most times think in as much they didn't get the tokens with their money, then waiting isn't worth it. However, they have forgotten the time/strength  consumed during the time before they get the tokens is actually money.
full member
Activity: 1366
Merit: 107
SOL.BIOKRIPT.COM
I think not all bounty hunters sell thier token some are holders and investors also. I think those bounty hunters who sell immediately thier token are new to cryptocurrencies because they dont know the true value of the token they sell.
full member
Activity: 337
Merit: 100
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 sell coins after receiving the bounty reward tokens (though it is not that profitable) maybe because of a very important  financial needs, or maybe they are worrying that the price of the token gets low after a week of hitting an exchange.
member
Activity: 336
Merit: 15
Such bounty hunters do not believe in projects for which they worked so hard. It is much better to find promising project and hold its coins.
member
Activity: 406
Merit: 11
I think that experienced bounty hunters are waiting for the release of the token to the normal exchange, other sell all at once on EtherDelta. And they regret about it after. The problem is that most tokens now can not be sold at all.

Some new bounty hunters are selling coins because they need it. Some lack of information on how this works and maybe afraid to lose its value. But this is just temporary they will learn better.
hero member
Activity: 1078
Merit: 507
One of the prominent answer to this question is that when the coin is listed early, its value is very high due to which bounty hunters can get a good price otherwise they need to wait for months before the coin gets a good pump. In the early days price of token skyrockets easily due to 2 reasons first price is manipulated by the company as volume is low and second people investing in new coin that has approached the exchange.
legendary
Activity: 3332
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
If you check the bounty campaign spreadsheets, one thing that you may notice is that the vast majority of the bounty hunters are from third world nations such as Ukraine, India and Bangladesh. These people are some-times hard-pressed with money. That explains why so many of the bounty hunters sell their reward immediately.
sr. member
Activity: 476
Merit: 250
I think that most people do this to fix profits. On the one hand this is correct, but on the other hand it is not always profitable. But everyone must decide for himself how best
full member
Activity: 518
Merit: 100
Maybe because they need money to finance their daily needs and maybe they fear that price of coins will continue to go down so once their coin is listed on exchange they sell it immediately.
newbie
Activity: 99
Merit: 0
there are all sorts of reasons, I think the most powerful reason is because they want instant profits, that is their purspose of doing bounty.
as long as it is profitable, they will release it.
member
Activity: 448
Merit: 10
People different reasons for selling, Bounty hunters however have been for a long time been guilty for selling off their rewards as soon as they get them and as soon as they are in the exchange platforms, for different , some claim that they need the money badly, but so does everyone in the crypto platform, few people are patient enough with coins these days, letting the greed and the urge to make quick money take over them, hence they cash in early not knowing that they can make more if only they hold
full member
Activity: 549
Merit: 100
BBOD - The Best Crypto Derivatives Exchange
Personal issue I guess because I've been there before when I sold my bounty rewards when it hits the exchange and that I have a financial issue so I had no choice but to sell my bounty tokens. another reason will be is they wanted to get an BTC or ETH to buy most potential coin other than the bounty token they received.
member
Activity: 252
Merit: 10
when we consider about the market at the current. bounty hunters are the people who make profit buy selling tokens and coins without holding. as a example . i got some tokens from a special bounty more than 13K tokens which worth 900$+ . ICO price was 0.1$ and now it is 0.01$ 10x loss. if i sold them at that time and convert them to USDT then now i can buy 10 times more than i have. i think best thing is selling more than holding. sell and invest them to a good coin or token  Wink Wink
newbie
Activity: 139
Merit: 0
no one does that. It is bad or they are not mature enough to cherish the value of their labor. That's the truth I see. I was also a bounty participant and invested in ico but I never sold my token early. Based on the roadmap and waiting for the perfection of the product.
newbie
Activity: 31
Merit: 0
I am a bounty hunter, but I have never sold tokens immediately after they are listed. I do not think that we should do so, at least because it is quite often we are not profitable.
hero member
Activity: 882
Merit: 500
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.
Yeah , this is a big truth that most of the bounty hunters sell Thier coin token , and the main reason behind this thing that they are doing is that they have feelings of fear to loss the hard work that they did during the participation in the bounty campaign of the ICO project , so usually they sell .
And also here it is a usual thing for such works because in the present time most of the ICOs are not resulting into better , I mean they are not results into better , like the coin get dump in minutes after the launch and also sometimes they close Thier project by giving the reason to not to reach at hard and soft investment in their project .
But here I would like to suggest to many of the bounty hunters from here , that they should it sell their all the tokens , they should in fraction only , I Mean they should sell in 50% only and rest of them should be hold by them because sometimes the price of the tokens rise to very high then what the price of the token was during the ICO token sell .
newbie
Activity: 87
Merit: 0
I think first of all most of the bounty hunters are beginners, and due to this they do not know exactly what supports certain coin, that said they cannot tell shit from french fries, so they sell the unknown to acquire the well-known. 
member
Activity: 224
Merit: 10
Because they do bounty to earn income. Maybe if they already have the deposit money, they will think to HODL the coins they get from the bounty. I would think the same if I have deposits and HODL coins until the price is high.
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