Why the price of a coin goes down and down after distributing the bounty token ?

[StarKay]

Some bounty hunters don't mind exchanging their coins/tokens for below ICO price for them to cash out their earnings, they do that for legitimate reasons.

[cepot9]

it's true they even instantly become a garbage token, but it's also in effect after bounty hunters get their tokens immediately want to sell immediately, just try if they are compact to hold it might be better

[futuristishe]

What is the reason for a price drop of a coin after distributing the bounty tokens ?. I also heard that some people are talking about this. But can anyone explain the reason why the price of a certain coin going down after distributing the tokens to bounty participants ? . Also if it happens then isn't it a disadvantage to the ICO participants who bought the coin ?

Almost every badge which shall be paid remuneration in the bounty program, is losing its value! the price drops 50% over time! If you want a quick profit from this bounty, sell these tokens immediately after going public at the ICO price.. then the price will crawl down.. And perhaps more will not rise! And if you rise and make X10 but it depends on the project and after a long time!

[hirokazu]

it's true they even instantly become a garbage token, but it's also in effect after bounty hunters get their tokens immediately want to sell immediately, just try if they are compact to hold it might be better

Unfortunately, they never had the same thoughts. Because some of them really need the money quickly, Although the tokens have the opportunity to continue to rise, they will immediately sell it. Only a few bounty hunters who hold their tokens for a while.

[ToddDiaz]

The thing is that once bounty hunters get their tokens then they are looking to sell these tokens as fast as possible. This can affect the prices of the coin when a bunch of people are dumping their coins at the same time. Also, trading on an altcoin takes time to pick up on exchanges so that also makes the prices of the coins g down

[xOdiumNostrumx]

As people above me already pointed out, a lot of bounty hunters tend to dump their reward even for a low price, so the price could drop dramatically. Some of the projects are distributing the bounty allocation in parts, so they avoid this situation.

[krauzzer02]

It's not fully disadvantageous to the ICO investors, some of them are getting bonuses and private selling deals where they can get a lot of discounts but the price was dumping not just because of the bounty hunters and airdrop dumpers but because of the decline of the main cryptocurrency like bitcoin and ETH and sometimes the distribution of the public and private token sale is not done yet adding to the circulating supply that affects the price.

[Sinyocall]

this is just a coincidence because by the time the project ends and ico share the prize coins to the participants and at that time the BTC price falls again so no one is to blame