Bitcoin Forum

This is an observation. It seems people who want extra money/passive income
engage with crypto not thru investing money but thru bounty and airdrop hunting.
I think this is not healthy for crypto market in general. Very few capital flowing in, but massive
cashouts.

What do you think?

Because most of the new people who are now registering in the forum are from poor countries. They have no starting capital, they have no jobs, didnt graduate from a university or from college and no career prospects.

That sounds bad, but its a fact.

I Agree. Crypto market will have a hard time to bounce back if the mindset of
"Free money in crypto" continues.

Yeah I think the market for these airdrops and bounty programs is fairly flooded at the moment. It is difficult to see how these will create value over time, it just seems like something that was a marketing hack that has been arbitraged away.

I think because they have learned their lesson specially for those who are always investing in some HYIP sites,
And it is true that most of the new ones are from the poor countries and don't really have a capital to invest in so they are earning their money through airdrop and bounties.
But I think once they have enough money and knowledge they would start investing in crypto's so I think it wouldn't really affect the market that much.

well it's free and it's hard to pass up on. most will be given away a few weeks or months after, if ever it will be given. i don't think it will hurt the crypto space as a whole.  most of these free tokens don't have value at the moment and for it to have value, investing is the way to go. airdrops are a good way to advertise for free. if the token is shitty and doesn't pan out, no one loses money, just the time spent doing the tasks to get the bounty.

Its really difficult nowadays to invest in ICOs because of the scams and other fraud they are doing. In bounty or airdrop, you do not need money or capital, just hardwork and patience. If in case that you will be scammed in bounty, atleast no money is invested by you. Sometimes its all about the trust because most people are already afraid to invest.

or you know... it's easy to do so and you're not risking to lose, pretty much, anything? You don't know them in person to say that, maybe there are a few that suite that description, and some probably don't but bounties, as just bounties, are the easiest thing you can do on this forum if you can't join a signature campaign.

The value that legit investors create ( buy putting in money into a coin/token) is easily ruined
by people who earned tokens/coins for free.

Maybe most often people had a lack of capital for investments. Maybe they are starting to join in many campaigns and airdrops, bounties to earn free tokens and make a starting capital. They don’t want to invest their own money from their pockets.

Airdrop and bounties are all part of the marketing strategies that has been working for a long time now. I know that there are many project that were cancelled due to lack of interest from the investing public but I have seen many big ICOs that are in fact oversubscribed. So the point I am making is that it all depends on the project (the concept, the roadmap, the people behind and the problems trying to solve). A project which is weak and is perceived to have no value can't be saved regardless if it is using airdrop or bounty as a marketing medium. In may project that I bought tokens from, there was usually the bounty and many of them also allocated tokens for the airdrop.

Investing need capital and for now the market still not stable so investors still stop themselves from investing because it's too risky, while bounty and airdrops dont need any capital and everyone can take part, so a lot of people rey to make money from airdrops and bounty, when the market recover,  people will back to invest

I think thats because they not have enough money to invest, this like myself I don't have much money to iinvest because to get hight profit we need much money, so I'm searching alternative way to earn money and I found bounty, signature and airdrop to earn income, and I think I take good choose because by using this way I can earn money by internet, but if we see abiut investors there is many investors out there, they who have enough money will choose to invest because they will get profit instantly.
For more clear :
• Have enough money better choose invest and get profit instantly
• Not enough money better choose to join bounty, signature, airdrop and etc because that's no need enough money.
Thank you

I already thinking about that and that's will have inpact to trader world which spending more money by investors and the hunter will be get finacial improvements. But they come just for looking a capital, and this will not infulence crypto market because mainly they also invest without spend money from their wallet

I think some people like me started in the airdrop the reason is i have no capital that's why I start on airdrop so that in the following day or month/year if have earn income then I will invest.

Any proof? why you saying like these?

If there is no investors then why there are lots of ICOs are being launched everyday?

I agree that more people are now interested in bounty hunting which doesn't mean they stop investing on the crypto currency.

There are only few people who are engage in bounty campaign and that is what we are here, there are also bounty participant that is an investor like me and more people that is a wealthy person that can invest huge amount in cryptos, that is why ICOs nowadays are mushrooming. Your info. has been twisted!

I think that it is true more of us are more interested in airdrops because it is free and bounties because you would earn them by doing some jobs.
But I still think that even if we are doing some airdrops and bounties that doesn't mean that we are just going to crash the market down some of us are still investing in the market to earn in trading .

I think its more people work for airdrop and bounties because its the easy way to earn in bitcoin like an investment because investment is you need a capital to invest in bitcoin some people joining bounty and if we pay there they invest there money to gain more profit in bitcoin.

Its unfortunate what the market has turned into and its not only based on your observation but what is currently happening. Today I see a lot of adverts all over in various public forums and groups with captions like 'get bitcoin for free by joining airdrops' all they need to do is register get the air drop the convert to bitcoin and cash out. This is not only leading to lots of capital flight in the market but also damaging its reputation because any venture that you don't have funds invested and some amount of risk attached, for all you care, it can collapse tomorrow.

I think the beginning of this is because of the advent of forks all over and the ability to create tokens from ETH without much effort. This give developers the room to get the popularity they want without having to spend a dime and cause people to either vote or asked the coin be listed on an exchange market and that settles it. But I am hope that this will pass too as anything free is just going to be ephemeral. There is no need to lose sleep over it.

Exactly, we share the same insight. If this continues, real crypto  boom will have a hard to materialize

I wouldn't call "free money" the tokens / coins received when participating in a bounty campaign as you are still doing some "work" for the project. It may not be intense work, but still something that requires you to invest your time to complete the tasks.
The bounty campaigns I have participated in so far (except for one) are for projects I actually invested in, as a way to support / promote the project and to minimize my losses should the ICO become unsuccessful. Some people might not have the capital to enter the crypto market (or even the tools), so receiving tokens from a bounty campaign or even airdrop could be the only way they have to get started with trading.

Side note: I find it funny that most people posting here (myself included) have an ICO / Project signature which means we are all participating in a campaign. ;)

you are right, I also observe it
currently many new members in bitcointalk, they use bounty campaign, signature, facebok twitter and others
to get free money

not all that be like that but if just playing airdrop or bounty seems very unfortunate we have to participate to become investor to get more profit.

it's better to airdrops and bounty than to invest because it's no problem investing in that hard work and only the likelihood of losing more people can get a bounty that's big enough

Im the one who participate in airdrops and bounties because for me its the easiest way to earn from bitcoin nowadays because in investment you need a capital money to gain more profit but if i have a lot of earn from bitcoin i will investing in bitcoin because investment is also good.

currently the market is unstable, maybe one of the causes is the decline in bitcoin prices, and I noticed, so far there are often several projects that ended scam. this may also be the reason for investors to carefully choose the project. we all know that investing in crypto also requires capital, and is risky. now bounty can be used as an alternative to get extra money from one of the jobs we can take in the project, and later this fund can also be used as investment capital in crypto.

maybe the investors just take a break, because the state of bitcoin like nowadays
and they choose to work in bitcoin, while waiting for the price to return to normal. let's just fill the empty time
but can make money, and the choice is airdrop and bounty campaign
and I'm sure, when bitcoin prices have returned to normal all investors will re-invest with bitcoin.
now they are doing securing assets, it can be said that way

Let us not make it general as you still don't have any proof of it. You might be assuming something that is not true as yes there are people who are participating in these Airdrops as they are free and people like free stuff but a lot of people are earning something outside from it. If you even look around the forum you will see that people are earning from signature campaigns, free lance works, goods being sold in the marketplace. The market won't be affected with airdrops that much as it is just a little portion being given away buy developers.

I think you are right! many of the airdrop hunters have not enough start capital for investing in cryptocurrency or ICOs. so they have to play this bad game

People like things for free, they love it, is just how we are and it is a fact, if someone comes and tells you they want to give you something that will gain value later and for free of course everyone will say yes, I wouldn't say is bad, bounties and airdrops help reduce marketing cost as you reached way more people in the social networks, and airdrops and bounties don't give away the whole supply just a part of it people still buy when it hits exchanges.

People who do bounty campaigns is considered as needy, they choosed to participate in campaigns rather than investing, because its free. Investing is need a lot of time, it is suitable for rich people.

I don't think so, if you are too focused on this forum and telegram you might face some people always keep on talking about "when payment" "when bounty end" but if you took a bigger picture of what's happening there's a lot of ICO that are raising millions of funds.

What you say is very true. Dozens of airdrops appear everyday and I saw some of them reach tens of thousands of users maybe even millions wich is kind of crazy and I am sure it affects the world of cryptocurrencies a lot but that is nothing to do against this. Most of the people who engage with bitcoin and altcoins are poor and they are looking for an extra income. With almost any ICO you need to be an accredited investor and also you need to buy a minimuk quantity of coins. People came here to make money not to spend money with the risk of losing it.

I do not see any problem in that the users of this forum intend to receive the bounties that many developers have reserved for committed crypto-enthusiasts, since it is necessary to take into account that usually the amount of tokens that are usually given does not go beyond 2% of tokens sold, which does not affect their interests at all, but on the contrary, it helps them to promote their project in an effective way and at a low cost.

Everyone want to get an extra money through any kind of job that they can do, no matter how are they going to get it as long as it is profitable for them then it does not really matter. But to get some airdrop or doing bounty is not a wrong thing, market does not really affect it, it is like you doing your job here and get the payment and with this payment we invest again on the market, so I do not think market will be fluctuative because of them

I believe that the airdrops is a stage of promotion of the currency, later when the currency is well known is sure to lean more towards investment.

People who use bitcoin now are much prefer airdrops/bounties because they don't want to wait a long period of time because in investing it risky and unpredictable they can have much profit when the bitcoin goes high but when the bitcoin goes down they will loss all of their money so that people became practical and choose airdrops and bounties although that it much hussle because they need do the required doing so that they will have a higher earning.

I believe in that a lof people right now want to join bounty rather that invest money for some reason.

1. Sure money with out capital
2. They are not hodlers for long term the dump it right away if the price is good.
3. A lot of them are poor no money for invesment but not all

#Datarius

but does not affect. The rich both entered and entered. Some strange statistics you have. Have you counted each member of the world that makes the company's bounty and every person who invests?

Of course I'm right, and forgive me for being blunt, but at first impression I thought you were one of them. But after reading your post history, I found out that you are a German. So its either you are really a newb or the forum's state is really that bad that people from first world countries are also doing the same thing.

How do you know? There still people who investing, basically investors get more profit than bounty campaign participants. Probably you only see a few investors that investing because there are too many project that come up. Basicaly the successful of a project is depend on the project itself, bounty campaign participants only work to advertise the project so more investors will know about the project.

If that was the case cryptocurrency's marketcap would be shrinking - but instead it's at an all time high - because of investors. Airdrops have zero value unless there is an investor somewhere prepared to buy the coins when they finally get to an exchange.

Right now we have an influx of new investors who want to get in on the next bitcoin.  They don't want a measley 50% return if bitcoin goes back to 20k, they want the same returns early adopters have enjoyed.  I think this is why so much money is going into so many ico's, alts, and airdrops.  I worry that it is a bubble and when too many people get burned, everything will crash.  Of course if that happens, I can just get some cheap(er) bitcoins  so it is a win-win really.

Airdrop and bounty are profitable without puttin money on Intial Coin Offering or ICO. But i dont think people are more on bounty and airdrop. Unless if dont have enough fund. Because for me doing airdrop and bounties arr very hard. You need to post every week and update everyday for new airdrop.
If i will have enough fund i will bot do this and i will just focus on trading.

Depends. The bounty hunters are usually those who do not have a regular work/part-time workers. If those workers remain, they will vote trading. Because they do not have the time to join the signature or project.

i'm doing both currently , investing on ICO and doing a bounties as well.
Yes at first i only doing bounty since doing and invest without some experience on crypto will be more risk

Nope, I disagree. This is an ecosystem. Without bounties, ICO cannot exposure their products. There is some alternative to marketing their ICO, which is using Google Adsense, but I think its more expensive rather than using Forum bounties. As well as Airdrop. Some Project needs volumes and also exposure their product.

As far as I know, Bounties member also often investing/hold their project rewards. If they realized if the ICO have good values.

You are right, i myself struggling to get decent amount for investment..maybe i'll walk around with airdrops for a while :)

   I think since they have taken in their lesson uniquely for the individuals who are continually putting resources into some HYIP locales,
Also, beyond any doubt a large portion of the new ones are from the poor nations and don't generally have a funding to put resources into so they are gaining their cash through airdrop and bounties.
However, I think once they have enough cash and information they would begin putting resources into crypto's so I figure it wouldn't generally influence the market that much.

Because the market is not very stable at present, a lot of investors are sitting on the sidelines!

So many people choose to drop and reward money, which leads to the slow progress of many ICO crowdfunding.

I want to wait for market stability, there will be a lot of money to enter the market!

More people are doing bounties and airdrop because they don't have a capital to use in investing. But whenever the get a huge profit in bounties or airdrop. They start to invest in some good coins.

You are right.  When the market falls there spreads the feelings of fear of further downfall in the market and people feel comfortable keeping themselves away from investing in the market because the prices may fall further to some levels.  People try to save their hands from burning and so do not want to suffer losses.  At this time just filling airdrops / bounties is good option to earn few coins.  I am though new but am filling airdrops bounties and have earned few coins but  ;D though their value shown is zero so no use but despite that I have not given up the work in the hope that I may get some rewarding coin too.  
If one can deeply study the market and check the bottom line then investing at that point of time will be very fruitful. But if you have invested something at current levels and still the downfall is not stopping; then even don't panic just have patience and wait the next bull run to start.

Its because some people entered in cryptoworld without money or capital for investing thats why they are joining bounty and collecting some coins and tokens in airdrop to earn bitcoin. We can't blame them because some registered here in forum or in other forum hoping that they become rich by doing this kind of industry but you have a point its really not healthy because the more cash-out and less income are so bad in this kind of platform.

Im not sure if it's a fact that "less people are interested in investing". It's hard to tell if more people are invest or not. In my experience, most people i meet do both. But hey, in general, people prefer having stable income than risking investment. So maybe that's why? it just makes more sense to be safe.

I agree with this. Also some people think that it is too late to invest in bitcoin since 1 btc is very expensive. Some new comers are in a jackpot mentality where they will buy or get something cheap hoping that it will be worth a lot in the future.

Many people can not afford to invest from the beginning. People compare Bitcoin with the "money factory" so all they want is to earn money somehow

I guess it doesn't hurt crypto space that much. Doing some bounties and airdrops is one of the best ways to promote your project, BTC started the same. And about being unfair to investors, it's not the point, If you have capital to invest in, of course you will get a lot of coin in according to your investment and you're taking the dangerous path in terms of scam and fraud, doing bounties and airdrops is risk free, just patience and time allotted work.

Maybe the market is not very good now!

Many people are still waiting to see, they are more willing to take the free token to invest!

If the market gets better, many people are willing to invest!

I wrote an article regarding the same issue as to why airdrops will be the titanic of cryptoworld unless phased out sooner than later.

https://medium.com/@rajatjain1284/airdrops-the-titanic-of-cryptocurrency-world-8b7d1a888b1a

Let me know your thoughts!

Investments require capital, and bonuses and airdrops do not require any money, and everyone can participate.

Most of the people who do the bounty and the airdrops are also investors, and that's what I do. It is because of the recognition of cryptographic currencies.

I think it is more in line with the nature of the block chain. Are XMR and dash not all air-dropped? Then the author tries to develop, so the money doesn't have to be bad.

That is not true because every ICO have already provided a structure of their token from the bounties to the participants that mostly 2% to 5% are allocated for the bounties which mean investors will earn the most tokens up to 70% including bonuses of the ICO token structure. It just happen that the most of bounties are dumping their tokens because they join the ICO project not to engage in trading but to earn for their future expenses but still that is only 5% dumping compare to 70% holding that own by the investors.

This is for real but you cant deny the fact this small participants of airdrops and bounties has big role in ico in spreading news and advertising about specific ico. they join on campaign because they cant afford to invest a big money so their purpose is to work and earn.

Did you have any prove to backup that people that doing bounty and not investing is not healthy for crypto market in general? Because as far as i know bounties only count as a small percentage than the total supply of the coin, eventhough bountyhunter mostly dump the price and affect the market after received their own shares, i dont think it really effect the market in general because large sum of money mostly didnt owned by bounty hunters. And most people become bounty hunters due to they dont have enough money to invest in the market itselves, if they really do have money then they won't consider become bounty hunter in the first place.

This is true. There are two main reasons for this. One is most of the people do not have initial capital to invest in Cryptocurrency trading and due to this reason they involved with bounty and airdrops. Secondly majority of people have lack of knowledge about Cryptocurrency trading and they fear to invest into their money to this. So they also sometimes involve with bounty campaigns.

Many people can not afford to invest since they have a bad financial situation. I guess they are more likely to hunt the bounties

this is not true at least not in all cases , even if individuals are from poor countries what i see is that yes they will convert some of their earnings but a percentage is usually invested somewhere along the chain. if they wanna just do the bounties and withdraw their pay that's fine because at the end of the day they are providing a service and we have to be careful we are not playing the same games as the government in trying to regulate how and what we do with out hard earned bitcoins. I'm definitely for investing in bitcoins as it makes sense to support and help build the system that's providing your "bread and butter".

that's not true at all, my personal opinion
now all investors are taking a break. with the fall of bitcoin prices there has been asset sales on a large scale, all investors are securing their assets.
bounty and airdrop have absolutely no effect.
and after the normal price, I am sure all investors will re-invest.

I completely disagree and I do so because I believe you are just using the bias of what you see here on the forums as proof for what happens in the world. Your anecdotal experience here on BCT is vastly different from the whole world crypto experience and I think having these glasses on blinds us to how much investing is actually happening which is probably more than any of us would actually believe is on going.

in my opinion those who participate in bounty will still not cashout every earning they get
i also participate in bounty campaign and i hold different token i convert some in bitcoin to hold
what good thing happening in bitcoin is the supply is splitting into small amount the adoption of people
the cycle will continue and this the proof that bitcoin is not only for rich

Bounty hunting for most new in this forum for me is just a starting point for investing.Those were ways to earn some money inorder to have a capital for investments.Bitcoins price is very expensive and not everyone here can afford it so it really needs to find an alternative way to earn for future plans.

That is true.  Many members are being persistent for airdrop registration and hunting but is not active in joining signature campaigns.  Many depends on what they will get from airdrop but we can't blame them because some airdrop coins have high value. You don't need to do much in airdrop unlike campaigns,  you just have to register.  In fact,  the traffic in blockchain is caused by many transactions that are mostly for selling airdrop tokens.

True,  the price is not affordable back then and when I was trying to save money for investing,  the price kicks off.  It became more harder and impossible to buy bitcoin for investing.  Joining signature campaigns and saving money is a good choice to be able to invest but as you see not all people have the luck of always getting good campaigns so people find other ways.  Airdrop has been helpful so people continue to entertain it.

They don't know it that's the problem but after try to invest here of course i think they will love it and we are here to guide them about investing,the best example of the investing by now if your here in this past january 2017 are in xrb and in aion they promote this so the price now have good value in the market so still investing is good and bad for them if they not try it.

To be honest, people love free things and since many ICOs are distributing and giving free tokens before their project launching and that's what makes them look for more, some are thinking practical but some are not investing. reason?? ---don't have money to use as capital in investing, and I am one of them.

Well, it is because a great way and easiest way of earning money, all you have to do is wear their signature and post or just do what they require you to do. In bounty you don't have to spend a single dime to earn huge amount of money, all you have to do is to work hard, and i think that;s the reason why more people now are being engaged to join bounty than invest in ICO. 

It is true that every day the community of bounty hunters grows, looking for chances that allow them to access this great market without the need to invest, but it is evident that the money that can be obtained through the bounty programs does not come from thin air. If these programs exist is because there is enough money to distribute these bounties. Keep in mind that in reality only 2% of the profits are distributed, so the developers still have 98% to carry out their project.

In my opinion,I think other individuals dont have that enough money to invest so for the meantime they joined bounties to earn tokens which they will use as a capital. No money came out from their own pocket the only thing that they invested was their time. Maybe others are scared to invest because they know cyrpto's volatility and they dont want to lose what they have. Lets just hope that other members will have the courage to take risk in investing they might never know once they invest they will earn more than what they are earning right now. But well,still at the end of the day the decision will still depends on ourselves. We have different views in life.:)

Yes bounties are fine since it restricts people who really work for the project like translation and carrying the name of the project. but what happens when airdrops come int he equation or people getting tokens just to join a telegram group. the team shows strength of 5k or 10k members in their telegram group which is made out of complete garbage, people who are not at all interested to participate in any kind of discussion or whatsoever.

I think since they need taken in their lesson unambiguously for the people United Nations agency ar regularly golf stroke resources into some HYIP locales, Also, on the far side any doubt an oversized portion of the new ones ar from the poor nations and do not usually have a funding to place resources into so that they ar gaining their money through bringing and bounties. However, i feel once they need enough money and data they'd begin golf stroke resources into crypto's thus I figure it would not usually influence the market that a lot of.

I don't think so. Bounties only represents only a percent of the total tokens sold. I think it's the flippers. When someone invest in early, they receive bonuses like extra coins. So they already have profit from investing early, all they need to do is to wait for the coins to be distributed and put on an exchange then convert all of their coins.