Why the price of a coin goes down and down after distributing the bounty token ? - page 2.

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: dollurs on June 13, 2018, 12:12:01 AM

What is the reason for a price drop of a coin after distributing the bounty tokens ?. I also heard that some people are talking about this. But can anyone explain the reason why the price of a certain coin going down after distributing the tokens to bounty participants ? . Also if it happens then isn't it a disadvantage to the ICO participants who bought the coin ?

Most people will sell their coins from bounty/ airdrop program after listing on exchange, for this one the reason is simple. First they need money to do next activity ( trade/ invest, pay bills ) and second reason is they don't want stuck because market is unpredictable. Whatever they do no one can stop it, their coins their call. Find your strategy and good luck to you.

rommelzkie

full member

Activity: 294

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Quote from: dollurs on June 13, 2018, 12:12:01 AM

What is the reason for a price drop of a coin after distributing the bounty tokens ?. I also heard that some people are talking about this. But can anyone explain the reason why the price of a certain coin going down after distributing the tokens to bounty participants ? . Also if it happens then isn't it a disadvantage to the ICO participants who bought the coin ?

It is proven that most of the bounty hunters dump their token rewards when the ICO hits the market. This is because they dont really care on the project. I am not saying all but most of them are like that.

most of the Bounty participants are not investors.

qiwoman2

legendary

Activity: 2114

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Oikos.cash | Decentralized Finance on Tron

Most bounty hunters come just to earn and dump their tokens. Most of them just look at crypto as a way to earn fast money and don't care about the project or technology they are engaged in. It's just another source of online income. Also pre ico peeps also dump their coins trying to get a 5 or 10% profit form their presale stashes, so price dumps hard after ICO unless they are really big projects where the demand for the token is big after the opening of trading.

caisa88

full member

Activity: 406

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Bounties ussually represent just 2% of the total number of coins. So if it's a solid project, the price should not be affected by just 2%, or it should recover fast. Most probably the prices go down because of the Pre-Ico investors who bought the coins at a big discount, and are trying now to make a fast profit instead of holding.

IIV

member

Activity: 130

Merit: 16

Bounty earners are eager to sell off their token in whatever price possible as they are not the planned investors and they may have some other investment in mind.
But bounty may affect the price for a short time but the supply generally below 5% has very less to do with long term price of the token. Which on return is based on different other factors.

Sir Cross

full member

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Most investors or token holders of an ICO dump their token or sell them right away after the token distribution, and this makes the price go down. The bounty hunters who earned tokens are eager to gain some profit so they choose to sell right away while they have the chance and once the token is already enlisted in an exchange. It’s a disadvantage for those who plan to hold the token for long term however if the project is really good and it becomes a success, there’s still a chance for the token value to go up.

o_e_l_e_o

legendary

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Probably because the vast majority of new coins or tokens being created are either complete trash, with an inexperienced team as behandnd them achieving nothing new, or outright scams designed just to make the creators some money.

dollurs

newbie

Activity: 238

Merit: 0

What is the reason for a price drop of a coin after distributing the bounty tokens ?. I also heard that some people are talking about this. But can anyone explain the reason why the price of a certain coin going down after distributing the tokens to bounty participants ? . Also if it happens then isn't it a disadvantage to the ICO participants who bought the coin ?

Topic: Why the price of a coin goes down and down after distributing the bounty token ? - page 2. (Read 145 times)