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The rate at which ethereum is dumping is quite unexpected but I think it is an opportunitfor investors to get more of it now when the price is down because I believe better day are ahead of ethereum.
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I quite agree with you that as long as new icos are springing up, there will be room for bounties that helps to promote the proeject but I just hope to see bounties the way they were before that were really worthwhile and also I will prefer if ICO team wouof pay bounty hunters with eth or btc.
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I think it is because they see the potential of realising a lot as soon as they create and release their own coins. If a project is legit or valid and has a chance of gaining success, people will certainly invest in that project. It might my tedious to achieve a successful ICO project but most of them put their all into it because they know it will yield a lot for them at the end of the day.
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From my own perspective, people tend to favor investing in new altcos, especially altoin from successful ICO projects, as it will be easy to attract whales and potential investors to develop that altcoin and be sure will last for 1 year. And after that they might dump and start searching for another potential project to invest in.
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I believe every investor has his own way of investing but I would rather go for diversification. This strategy help to reduce risk to the bearest minimum. If an investor perceives that there are opportunities in two different investments, it is better to distribute his investment on both rather than putting it all in one.
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I have been hearing about this for a while now but I have not come across any bounty that reward its participants with eth. Well I think this will be a good development because it of the believe that bounty hunters are responsible for price dumping, now if this development is embraced there will be no fear on the part of the developers prices will drop once it touches the hand of bounty hunters and besides bounty hunters can easily and quickly get their bounty rewards rather than waiting for a long time.
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Although the rate at which prices are dropping in the market are quite alarming but I believe that the market tends to react to some changes and also most investors are panic selling probably due to some news and that is why majority of them sell at ridiculous prices causing a downward movement in prices generally.
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Proof of Address
Bitcointalk Username: arakuns
Campaign in which you participate: Signature campaign
Eth Address: 0xc7bc36a52A66D0C2fD5053433dE9c5a33BeCc72B
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The claim that long time holding is a smart thing might not always be true not be true. Holding a coin with no potential for a long time is not a good idea. When one is holding any coin, one has to fully know why he or she is holding if the holding will actually worth it in the long run.
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Most of the people in the market including myself are going to sell at loss,which is why patience is the most important thing that every investors need to have,those people who doesnt have long patience are the ones who are losing their money everytime that the market has started to crash or some FUD has spread to the community. Without patience, nothing much can be achieved.
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I also hope that things will get better even before the end of this year but I would say that this expectations of yours is quite high and the probability of attaining it is very slim. Even last year when there was a pump both bitcoin and ethereum were not close to what you envisaged.
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I likewise believe in hodling at this point in time because selling any coin right now from my perspective is an unwise decision to take. This time is to buy more so that more profits can be madmade in the nearest future because I believe there will be a significant change before the year runs out.
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I am a bounty hinter as well and I can tell you that I hold up to 80% of my bounty rewards except for some cases where the project does not seem to have a future or I am in need of quick cash. I will not advise you to totally agree with experts and sell your tokens which you might regret later. Try as most as possible to see how realistic is the claims of the company concerning the price. Be wise.
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Of truth are are tokens distributed from bounty participation that will just remain in the wallet without being sellable. And that is the more reason why bounty hunters shoukd not participate in any campaign that comes their way without doing a proper research on its ability to succeed to that one's effort will not be in vain.
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For me,I would prefer to go for projects with a good product. I believe that tye sustainabiLity of a project lies in the product behind the project. Most coin or token striving in the market are mostly projects with working product.
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Of course yes, I will participate in an ICO and I will prefer to go along with projects backed up with technology. As we all know tgat technology is advancing on a daily basis, therefore ICOs based on this will definitely have a future prospect.
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Many of us have a spreadsheet or we have read many posts with the best known managers (most of them are Legendary users) and their new bounty campaigns, but the reality is that it is not about managers to be paid for the hard work we do because if the project does not get enough funds, Nobody receives their reward. Everything depends on the success of the project, that is clear.
As for managers, do you take into consideration the rank of the user who manages the campaign?
Because I've seen Sr members in campaigns promoted by Jr. Members, so I don't know if the level of user is a deadline between Trustful, Scam or Successfully ICOs.
I quite agree with you on this, the success or failure of an ico does not lie in the hands of the manager but mostly depend on the team of the ico as well as what the project has to offer. As regards the second question, I do not have a problem with who is posting the bounty information, all I care about is how successful it will be because that is where my reward lies and besides, if he of she is not competent enough, he will not be assigned by the team to manage the bounty campaign. |
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From my experience, most scam ICO usually come up a clone of other projects, they are not bringing anything new. Also there is usually no transparency in their dealings with contributors. Some will also as far as falsifying information about attainment of soft or hard cap.
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One thing we must establish is that not all bounty hunters are dumpers. I am a bounty hunter and I can proudly say that most of the coin in my portfolio are from bounties because I don't sell coins that has potential of growth. Except for cases where holding the coin might end up being a liability. And besides the blame is always on bounty hunters, how about investors who also dump.
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This is cryoto world, I believe anything can happen at any time. If Google decides to have their own coin, then they can go ahead with. Anyone conversant with technological development will know that crypto s the future. If they want to join, they are welcome.
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