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Topic: You Can't Be Jobless And Be Participating In Bounties - page 11. (Read 2094 times)

copper member
Activity: 493
Merit: 13
Truth be told. You can't be jobless and be doing bounties. You will starve  Grin

My advice is to just see bounties as a pass time and don't be too expectant. Find some other job that gives you money. So many factors determine if you will get good rewards from bounties. For instance, when it lists, the price is out of the control of the team (unless they decide to do a buyback which rarely happens). The price of the token can rise if there is a lot of demand for it when it lists. But most times (since the bear run) the demand is low and to make it worse, several holders set ridiculously low prices just to sell off which devalues the coin.

Another factor that determines your reward is the authenticity as well as the success of the team and its project. Many campaigns have closed down in the past after several months of working on them only to announce that they failed to raise enough funds for the project. Worse case is the team devs exit scam and no one gets paid.

Project owners can also decide to execute their "reserved rights" by changing the rules at the end of successful campaigns. Rules changes can usually mean bounty rewards are reduced, locked, subjected to uninformed KYC checks, or distributed over a very long period of time.

If you consider all this then you will see that bounty campaigns are a gamble and cannot be always relied on to provide regular income for people participating in it. Those that participated in Deex bounty campaign (which ended in January 2019) are still waiting for their rewards (3 months after) and the devs are not communicating any date for the distribution. If you ask them they will say "soon". They have been saying "soon" since January, by the way. I'm not trying to slander the project or anything. I'm just advising fellow bounty hunters to try to get something else to do that will fetch them money and not to rely too much on bounty campaigns for payments.
I totally agree with you in this one bro.. I've created a similar topic here in this thread before.. we seem to have a high number of jobless adults participating in bounty campaigns thinking it's some sort of full time job for them.. but this is completely wrong.. save up enough money.. get a private business for yourself or go search for a job.. bounty hunting cannot be a full time job
copper member
Activity: 336
Merit: 3
Bounty hunting could be a full time job for any one that is unemployed or underemployed. It would be more beneficial if a high ranking account is employed for the bounty hunting. People make sufficient funds to pay their bills from investing their time into bounty hunting.
sr. member
Activity: 517
Merit: 257
CryptoTalk.Org - Get Paid for every Post!
I think during the market highs your statement would be untrue. Many people were living off of bounties due to the price but of course it's not a stable method of income. We should all try to have productive jobs regardless  Smiley
legendary
Activity: 1792
Merit: 1283
Bounty may be an additional job for those who have worked. And it can be the main job for some people, for example students. So back to the needs and concerns of each. But if you are an adult, you should look for your main job and make a bounty of part-time work.

It's impossible to just give a universal answer on that.

Not everybody who works for bounties does this via traditional bounty platforms or bounty rewards.
I work for bounties, but I broker my own deals, it's called freelance work Wink

Companies just pay me upfront and I do work for them. I also get paid in tokens as a bonus.
And yes, I do make a good living out of that, whether we're in a bear market or not...
member
Activity: 490
Merit: 13
Since when i left my regular work it is hard for me to get another extra income but when i participating in bounties i could say that i am not be a jobless anymore because i got extra income and sometimes huge income comes into my hand.
Well, we can't leave our jobs just because we got a high paying bounty.
Some bounty can take 1 - 12 Month depended on the manager and the project itself. Also, the bounty reward is random, you can't ensure that you will always get a high paying bounty Grin
member
Activity: 532
Merit: 12
In 2016 and 2017 we didn't need the real job, we could easily manage to survive our lives with crypto bounties without going to the work. I used to make more than 10 times monthly money in bounties than the normal job would pays me. Everything was just perfect until January 2018. The bounty hunting business has finished after that and %90 Project failed and wwe never get our coins. Today i am working in some regular job, cryptos no longer enough for my living..
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
Its the old days when Bounty use to be profitable,i have known couple of cryptonians that become millionaires just because of bounty campaigns,but those days will never be back and let us accept the reality that bounties are almost 99% scammers so stop expecting on this and OP is right that do Bounty as extra time spending and nothing more
Several people have made themselves rich through bounties. This is during the time period of 2016-2017, and it continued until it reached ath. After that each and every altcoins and the the bounties got started to decline in value, and that too in a much large scale. Once again getting to be rich through bounties is really difficult till the market once again turns to be similar to the 2017 bull market.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
Its the old days when Bounty use to be profitable,i have known couple of cryptonians that become millionaires just because of bounty campaigns,but those days will never be back and let us accept the reality that bounties are almost 99% scammers so stop expecting on this and OP is right that do Bounty as extra time spending and nothing more
member
Activity: 686
Merit: 11
It is ridiculous for anyone wanting to base all of his/her income generation on bounties. A kind of decision such as this would have been great, if this were to be 2017 when ICO projects did remarkably well. The reality of the now makes it suicidal to make such unscrupulous decision
jr. member
Activity: 318
Merit: 1
If I ask, I would prefer to find a better and more stable job than a bounty hunter because of the fact that bounty hunters do not provide good benefits after promoting their projects. So it is better to prioritize work but do not leave bounty hunter because it's good to be a bounty hunter if good projects are good to be hardworking to earn.
hero member
Activity: 2926
Merit: 567
Yeah bounty hunting is not recommended to be a full-time job, because the risk is too high now compared three years ago where all your campaign is sure to give you a profit, once the ICO is finished  for several months of a campaign, now you are just working for a few pennies
legendary
Activity: 2576
Merit: 1875
Leading Crypto Sports Betting & Casino Platform
Truth be told. You can't be jobless and be doing bounties. You will starve  Grin

My advice is to just see bounties as a pass time and don't be too expectant. Find some other job that gives you money. So many factors determine if you will get good rewards from bounties. For instance, when it lists, the price is out of the control of the team (unless they decide to do a buyback which rarely happens). The price of the token can rise if there is a lot of demand for it when it lists. But most times (since the bear run) the demand is low and to make it worse, several holders set ridiculously low prices just to sell off which devalues the coin.

Another factor that determines your reward is the authenticity as well as the success of the team and its project. Many campaigns have closed down in the past after several months of working on them only to announce that they failed to raise enough funds for the project. Worse case is the team devs exit scam and no one gets paid.

Project owners can also decide to execute their "reserved rights" by changing the rules at the end of successful campaigns. Rules changes can usually mean bounty rewards are reduced, locked, subjected to uninformed KYC checks, or distributed over a very long period of time.

If you consider all this then you will see that bounty campaigns are a gamble and cannot be always relied on to provide regular income for people participating in it. Those that participated in Deex bounty campaign (which ended in January 2019) are still waiting for their rewards (3 months after) and the devs are not communicating any date for the distribution. If you ask them they will say "soon". They have been saying "soon" since January, by the way. I'm not trying to slander the project or anything. I'm just advising fellow bounty hunters to try to get something else to do that will fetch them money and not to rely too much on bounty campaigns for payments.

Well, you're right, the only thing is that in some countries the minimum wage in a job is often equivalent to a reward of 1 week in any campaign that is done, many colleagues have told me that some campaigns is greater than what is they earn in 1 month of salary, and they earn it in 1 week. They are relatively poor countries, where mostly any job does not cover the full needs of food and quality of life that every person deserves.

full member
Activity: 784
Merit: 112
Since when i left my regular work it is hard for me to get another extra income but when i participating in bounties i could say that i am not be a jobless anymore because i got extra income and sometimes huge income comes into my hand.
sr. member
Activity: 798
Merit: 251
Small Trader
Bounty may be an additional job for those who have worked. And it can be the main job for some people, for example students. So back to the needs and concerns of each. But if you are an adult, you should look for your main job and make a bounty of part-time work.
jr. member
Activity: 498
Merit: 1
Worlds Simplest Cryptocurrency Wallet
This is not entirely true. Earlier before the bear run, you could hardly find a full-time job is majority of countries that pay as much as bounties, problem with bounty started with the unending bear run.
full member
Activity: 840
Merit: 101
Well, bounties usuall go for 3-4 months and does not give the bounties right away. So if you don't have a job. How do you expect bounties to serve you well. And also, it depends on your luck because there are ICOs that looks interesting but does not perform well as expected.
full member
Activity: 854
Merit: 100
Truly one can not depend on bounties as his/her main source of income. You already mentioned most of the constraints why bounties can no be relied on. What if management refuses to pay you? After all its a virtual world and as a result you can not sue any bounty manager when they fail to pay you. You need to get a physical source of income and rather be doing bounties at your leisure time.
sr. member
Activity: 1079
Merit: 352
it's a wise thing to do.

When you join a bounty, you don't have that much power, as you don't even have a proper contract like "we can change any rule at given a time". So treat it as a part-time hobby, if you all gonna play this cryptocurrency long games, it's kinda worth it.
full member
Activity: 560
Merit: 100
Of course not ,I consider it as a pleasant side-job giving me the great opportunity for getting more useful knowledge and interesting important news about crypto.I definetely cannot completely relay on the unstable occupation as bounty campaigns .
full member
Activity: 1093
Merit: 103
Bounty can't be alternative income of any pattern of jobs. Jobs is a regular income bounty is rarely reward even after listed some huge exchange. Some admin also can change rules as want. By all this bounty can't be alternative jobs, possible to do with jobs invest and bounty
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