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It's truly unfortunate that this is the situation of things in this industry now. Projects short changing bounty hunters for fun and no one cares. Actually no one is ready to change the narrative or at least put a stop to these inhumane treatments of bounty hunters. Digitalbits did something worst recently by refusing to pay hunters after they all waited for over a year. In a real life situation, this is a condition that warrants charging these companies to court and making sure they feel the weight of the law for their actions but the crypto space is a different ball game entirely. It is a sad situation..
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It's extremely frustrating to me... You run a Bounty dedicatedly for a long period of time only to have the project extending it subsequently. It can be very tiring and sometimes, leads to loss of continuation as a result of loss in interest. I rarely continue on bounties that get extended, however, depending on the project and how the potentials are, I could continue on the bounty even after it has been extended.
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Stellar has been one of the most satisfying cryptocurrencies to trade on reason being that, there is massive liquidity, several cryptocurrency exchanges where it is being traded on, a good historical data backing it up and above all, it is fairly stable in price making it a perfect cryptocurrency for swing trading and intraday trading. I have been applying my trading strategy on xlm trading and I must say, it's been hugely successful.
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Out of necessity for safety and ease as well as public appeal, I use binance mostly. Gives me all I want in a cryptocurrency trading exchange with guaranteed quality and effectiveness. I use others like kucoin, okex, huobi, Idex etc from time to time and this most times depend on what asset I need to trade, price difference and liquidity. Recently, I came across the kucoin exchange as well and I have been using it for perfection of trading strategies through their demo trading account.
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Unfortunately, I learnt this the hard way but lost a whole lot before I realized it was the wrong way to trade. I thought I was wise at the time until got caught in between trades and ended up losing a lot of money. Some of these market waves and price reactions are mostly whales playing with the prices and influencing the market. You might be thinking your analysis has properly made it only to be shown another side of the market by whales. One has to be really careful when trading the crypto market as it is full of extreme manipulation.
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Deflationary coins and tokens became a thing late last year and early this year for the purpose of actually creating some level of steady price appreciation due to the fact that, their supply decreases with every successful transaction made. It was quite successful with the likes of BOMB token doing extremely well in that period. Unfortunately, it became abused due to greed and developers looking to take advantage of the situation and cashing out. Several poorly developed projects caught in on the vibe and the idea become saturated with a lot of poor projects leading to people losing interest in investing in any deflationary projects. Only a few are still doing well at this time.
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The level of greed in the industry these days has made it extremely rare for Bounty hunters to cash out resemble sums from bounties. This was possible between 2017 to early 2019. It is now very rare to participate in bounties and make any good profits. Most of the bounties that are currently paying are bounties that we're done in years past. The current ones aren't as profitable as those in the past. However, this is crypto and no one can predict the future or what these project bounties of now will become tomorrow.
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This can only be possible if you truly know how to read trading charts. If that's the case, the best thing to do in this regard will be to convert all your holdings or the specific token or asset that you are certain will dump to a stable cryptocurrency like USDT, USDC, PAX etc. This way, you maintain the value of your asset and even get to rebuy more when the price must have dumped or dipped.
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I still think the best bounties are those with fixed tokens to stakes. That is 1 stake equal 1 token or 100 tokens as the case may be. Stakes to token basis where there is no fixed amount means once participants get crowded on a particular bounty, it becomes fruitless and non attractive. Many participants will always mean lesser tokens to be shared and that isn't always a good thing. Unfortunately, we have more bounties like this these days..
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Unfortunately, this is becoming a Norm and common practice from project developers. The space needs to be cleanse of this and returned back to the good old days of bounties. They keep shot changing hunters and the worst part is, the hunters simply have no one to speak up for them. Recently, digitalbits XDB did worst to hunters and no one could say anything to them meaning the went away without being held accountable. This is just one of several same issues that have been reported in the industry with no one paying attention.
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