Does the high gas fee make the altcoin make less volatile from bounty hunters

[isaac_clarke22]

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Well it could lessen the people who would dump the project but I think it wouldn't really solve the problem of a new project being dump.
We all know that the bounty allocation is too small for the price of a whole project to fall down so we shouldn't just blame the hunters because they didn't invest money on it,
And other looks at them like they doesn't care about the project,
As much as an investor wants the project's price to go higher those bounty hunters also wants it to happen so they could gain more compare to their current earning if they dump it at a low price.

Well even though that's a small percentage, it would still surely have a minimal effect on the dump, maybe not that noticeable because of what I mentioned above.
Not sure how coins are allocated these days now in bounties, but it surely have a lot of divisions.

[dhemasm]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

It was true but basically Bounty Allocation not even close too 4-5%, It's only around 1-3% from total supply and Bounty hunters have an effect on the price but not really much, We also can see today when the fee was high. Dump was not coming entirely from bounty hunter but also different factors like Supply & Demand and Early investor who selling their investment and get some profit, We can't just blame it on one side and it's been proven like today condition right?

[gurunanakji777]

In my opinion majority of the traders are small traders and most of them trade small amounts but the current high gas fee is hindering them to trade and some of them are not selling due to high transaction fees. In my opinion, high gas fees are not good for the traders If the gas fee would be in control we will see more trade volume and due to high fees, those who have coins worth less than gas fee value are holding forcibly because they don't have an option rather than hold.

[coinmaster241]

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

actually it is good for the GAS to be higher, there are several positive potentials caused by high costs,
- Narrowing the rate of fake projects
- The price of tokens is increasingly valuable according to the applicable GAS value

negative side:
- Fraudsters are smarter about tricking their victims in their own way without spending a penny to create fake projects

[Teraboy]

I have more than 17+ coins/tokens in my personal Ethereum wallets but due to the high exessive Ethereum network fees I can't trade in any exchanges. What a crucial situation is!!

if your tokens can pay off the fees and i think that you will be cashing out your token but there's also another problem that faced by the hunters. The problem should on the price of token.
So many times the tokens that received by the hunters have become worthless tokens and that makes so many hunters didn't wanna sell it to the market.

[akar87]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

Way back 2017 during the ICO season where most of the bounty hunters are truly that once they've received their rewards coming from the campaign in which they joined, the majority of them are dumping the price, but when 2018 came up to the present it is proven that the cause of dumping the price was the first are the investors especially who are whales in the coins is mostly the reason. So, as of the moment hunters are not the cause of this crashing the price of the coins.

Justru harusnya mereka bersykur Binance mengadakan launchpad TKO karena bisa menjadi daya tarik bagi trader global untuk membeli koin ini, lebih tepatnya jika hanya launchpad di market tokocrypto doang nasibnya bakal sama kayak koin market sebelah TEN, tidak ada perkembangan sama sekali justru dengan adanya launchpad di binance saya yakin harga TKO bisa lebih dari 10x lipat dari harga awal.

[Gozie51]

Now big problem faced by bounty participants due high gas fees to send or sell coin on the market exchange, but I think problem not from bounty participants but from bounty manager campaign when delay distribution coin with reason higher fees eth. If coin have higher value than fees why have to worry pay little to get more.

They delay bounty distribution but it may not be there fault too because developers or owners may not release coin on time for distribution. This is why is better you follow managers that escrow token before the start of bounty work. If they escrow, they release reward as soon as bounty is ended.

Some bounties too specify duration for release of reward but the problem here is when the token is listed and doing good, you may not get the reward or they try to reduce it and that is not fair to hunters

[Nhor1011]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

High transaction fee is not good because small investors will also suffer in sending their funds into an exchange. Bounty hunters are not the only reason for every dump of token in the market. I witnessed in one coin in the market that experienced a massive dump while the team still not distributing the bounty rewards. Also only small percentage of tokens goes to the hunters. It's a pity to the hunters side if transaction gas fee is too high because not all the hunters are financially capable and nowadays, if you are using erc20 to send your tokens into an exchange you need at least $10-$15 in your wallet.

[conected]

Of course mate , you are absolutely right because I am a bounty campaign hunter. I have more than 17+ coins/tokens in my personal Ethereum wallets but due to the high exessive Ethereum network fees I can't trade in any exchanges. What a crucial situation is!!

- But you are not a whale in this market, to be more precise, bounty hunters hold a very small supply relative to the total supply, so even if the gas fee becomes lower, the only thing you can do is get some income from the sale of tokens in your wallet, it has absolutely no effect on the total value, the number is too small to cause volatility on altcoins. During times of high gas fees, many altcoins fluctuate as usual, the biggest owners are the wealthy, altcoin is manipulated on such large cash flows as a way for them to make money, bounty hunters only get a little profit from this activity