Bitcoin Forum

Many legit investors create VALUE by putting in thier money
in a cryptocurrency. And then people who earned free coins/tokens
come in and ruin it by dumping in the sight of quick profit.

Do you agree?

That's true that some people ruined it by dumping but you should consider the benefit of Airdrop. Airdrop is an easy way to spread a crypto among the crowd.

just let it be. it's good advertising for crypto space as a whole. i just hope that they really do give the tokens for free. i have participated in at least 7 but have got no tokens so far. earliest i can get is a month from now. so we'll see if they really give those for free

I agree on your atatement that sometimes they ruin it by dumping. However I dont agree that airdrops should be banned. It is an easyw ay of having coins and also easy way in participating in crowdsales. If you remove airdrop, less people would be interested in ICOs especially so those who have to capacity to buy coins.

Its not easy in last week, i seen yesterday big big airdrop campaigns with KYC registration LOL

I think not the AIRDROPS should be banned instead control those people who wants only quick profit. AIRDROP helps the cryptocurrency to be spread out in every country. AIRDROPS don't have the problem. The people does.

If the airdrops will be banned, it is hard for the project to spread out since airdrops help to boost a certain project. Yet, the people are just making it as their quick profit, we don't deny that they also did their task to get airdrops. Afterall, airdrop is not anymore free but the people are sharing the word of the company just to receive airdrops. Airdrops must not be eliminated. It is needed by the project to become successful!

I partly agree. However, if one project will include the buyers of the tokens in the airdrop then I think there would never be a problem. We all know that airdrop is now being used as a marketing strategy to generate awareness for the program as well as to build a sizable community which can be critical especially after the ICO phase of the project. As in anything in life, there will always be advantages and disadvantages and it is all up to the project's team to manage and balance all the issues and concerns. As for me, I would not be complaining to be receiving some airdrops from time to time.

investor should know, invest in crypto is not a short term investment.
after ICO, usually the price will go down. and come back to increase as time pass by with the development from ICO's company

If the people getting money form it then what is the reason to minimized or stop??

Oh boy, I caught you two alt accounts.  Gonna apply the red tag now and hopefully a DT member will as well.  This is the shit the merit system is supposed to fix, but this moron hasn't caught on yet.

"MERIT ME. I am a good poster. ;)"
Uh, no you're not.  You're a typical shitposter, dude.

The real value of a crypto comes ONLY from its adoption and use, and its development potential as a crypto fine-tech.

Speculator investors pushing prices up, and/or hype from media/airdrops/bounties/ and other promotion are only secondary in the longer term IMO.

I'm going all out on LTC/XLM/EOS/NEO/OMG/Waves/AST/ETH now, after having collected profits from my other altcoins. :D

I know what you feel but that's how the cycle of projects, ICO and token distributions are happening. It's like a gamble and those who have earned airdrops, rewards/bounties are earning through their simply tasks. You can't ban airdrops easily as there's no international rule that's disallowing them to held their ICO's, minimizing them can be a good idea but how would you minimize them? Day by day there are even more than 30 ICO's that are coming out from nowhere.

This thread belongs to the altcoin discussion.

Yes,, it is a way to spread crypto. But the problem is that people who enter the crypto world no longer think
of putting in money to add value. But rather to get FREE profit. That is going to be a problem in the long run.

why banned airdrop? You may not join the airdrop program. But other people need to join the airdrop program too. It is also related to electronic money. You are hard to understand.   ??? ??? ??? ??? ???

I do not agree with your opinion, airdrop aims to attract the attention of investors. with free altcoins sharing. and even the value is also small.

So in my opinion, what they do can not affect the price of altcoin in the market. this is not comparable to that of greedy investors.

As long as it is a legit coins, even if some people you get their coins from airdrops dumps it all, it will still recover after several days if the coin is really good.

A Airdrop is a good thing, if it was funded by the developer of the coin and not funded by some pre-mine. The pre-mine is just an excuse to give free money to the developer and his/her buddies. I am also not a big fan of the free coins that are awarded to people when there is a fork. <like BCash / Bitcoin Gold>, because I am a strong believer that people have to work for their money.

Take Ehtereum for example : There was a pre-mine and most of those coins went to the developers and the founders.  

Airdrops are good for quick advertisement and I don't think so there will be any ban on airdrops. Also, there are good coins which are 90% airdrop coins.

Airdrops are great for new coins starting out. Free advertisement, gets there name out there and creates a spread in the community. Maybe even helping reduce pump and dump.

Good point Sir.. Founders must be willing to fund their airdrops if they want to promote their company.

i would say yes my friend, because i think many coin will be good fot bitcoin in the next future, and we can still make profit of bounty and airdrop, that can be out bounus beside our trading in cryptocurentcy  :)

Can't agree with you. Airdrops are beneficial both for the noobs who get the coins for free, and for those who invest in the currency. The noobs get free money, while the serious investors benefit from the price rise, which will naturally occur when the user-base expands as a result of the airdrop. And not all of those who receive airdropped coins dump them right-away. Most of them keep at least 20% to 50% of the coins for long-term.

I don't think there is such thing as "Free Money". When some people who did not invest anything was able to
cashout,, that must result to a decrease in the marketcap.

if there are no airdrops, is there another way to attract investors and burn altcoins that have no value in the market?

your solution is good, its purpose is to maintain altcoin value in the market. but you forget, that you do not give any other ideas as a solution to the problem!

Yes,, this is why i am raising my concern into this forum so you guys might suggest some solutions.
My initial solution is to ban or at least minimize. Now what do you think will work too?

I don't think that airdrop should be banned. Because a project popularity depends a lot on the airdrops and banning airdrops will not let the project to gain popularity.

Maybe youre right that airdrop hunter are always dumping free token/coin. But i think not all are idiot. Many airdrop hunter are wise they know how much potential the token it is especially in a ico. Airdrop is good especially on newbie and no profit. Lets give them chances to earn...

Airdrops serve a real purpose of spreading the token into circulation and it's a form of marketing, getting the right community and members to back a token is really important just as important as initial investors.

In general, no, I do not agree. Not everyone who receives an airdrop is going to dump it immediately (personally, I don't do it). A good project will not be ruined by it. Yes, there are some projects that disappear shortly afterwards, but I think they were designed to do so. Moreover, a short decline in price after airdrop or ICO may be a good thing for investors who believe in the project: they can get more tokens or coins cheaply. Remember, when someone is dumping, someone else is buying these.

Yes, it happens most of the time were airdropped tokens are the cause of the dumping. It happens always after the token has been listed on its first exchange. It may be a bad thing at first, but for me it's an opportunity for real investors to acquire more token for a cheaper price than the ICO.

Agreed on what you have said, Airdrops are beneficial for both kind of people and the true and solid investors benefit from this because when the noobs start to dump those precious tokens or coins real investors would buy it in a very cheap price and both will be happy, the noobs earned some money and the investors will profit in the future. Both people will be happy in this process and when the time all the tokens and coins are dumped by the noobs it is the time for the investors turn to make the price rise again. :)

  

Better ban those people who are ruining it. Airdrops is helpful to the people who wants to know about cryptocurrency. It helps to spread cryptocurrency around the world. So I think Airdrop should not be banned.

i have experienced how air drop really affects the price of certain exchange. While they may promote or advertise a coin, they can also be the stopping factor to a potential flourish for the coin's value.
If we can regulate airdrops please do so. I guess we should invest more on empowering ico so that we will not rely mostly on airdrops.
I am against airdrop because this just cause done precious investors money to go down the drain.

The cryptocurrency network is uncertain and we cannot expect things to happen as we predict. It is all about the market variations. Some used to grow on dumping and some don't. Only thing need to be considered is to get into legitimate airdrops as more airdrops were provided free.

I think airdropping for upcoming and new tokens are fine.

But it could be a double-edged sword for some tokens that already has existing investors etc.

One example I saw yesterday was GIFTO. For promotion, they had some spin-the-wheel to win tokens thing which I thought was an extremely novel and refreshing idea. This also grew their Telegram channel to 20k members but it got out of control -- spammers started coming in, people shared referral links/codes etc and the admins at many point had to mute the channel.

After the promotion, heard some investors lamenting how the "promotion" seemed to have a negative effect :/

I think timing of such airdrops depending on which development stage a project is at is therefore extremely important.

I do not agree if airdrop must be at least minimized, because airdrop helps to introduce cripto, and also to attract investor interest to invest
this is a trading strategy, I do not think you understand what this will be,