Bounty Hunters the cause of token dumping ?

[jeffthebaker]

The studies done by JP Morgan suggest that every dollar bought or sold has a market effect of 32x (iirc) value. So if a bounty made up 5% of the total supply, and half of bounty hunters sold on reception, that would (other variables ignored) drive the price down over 60% If projects are not careful, bounties can crash and it that does happen.

[goovsy]

The studies done by JP Morgan suggest that every dollar bought or sold has a market effect of 32x (iirc) value. So if a bounty made up 5% of the total supply, and half of bounty hunters sold on reception, that would (other variables ignored) drive the price down over 60% If projects are not careful, bounties can crash and it that does happen.

Even bounty hunters will HODL coins and tokens if the project has good future and speculative perspectives!

[OnnoTunes]

Most of the bounty hunters hold their tokens for good future prices. But some of them sell immediately to make money for living. But I do not agree that this selling can dump the price of the token, because its amount is too small compared to the total token amount.

[Palisills]

Bounty Hunters are smart these days... They are not selling cheap if the project is good enough. Everyone wants to come out with max. profit.

[jeffthebaker]

The studies done by JP Morgan suggest that every dollar bought or sold has a market effect of 32x (iirc) value. So if a bounty made up 5% of the total supply, and half of bounty hunters sold on reception, that would (other variables ignored) drive the price down over 60% If projects are not careful, bounties can crash and it that does happen.

Even bounty hunters will HODL coins and tokens if the project has good future and speculative perspectives!

At least for me personally, that isn't the case.

I look for signature campaigns (don't spend much time on airdrops or Twitter campaigns) with a high payout and relatively low exposure for a project that seems to be poised to raise a decent amount. I never hodl the coins I bounty hunt. The exception would be bounty hunting in place of financially contributing to an ICO I otherwise would, but that's very rare, especially with the move towards private crowdfunding this year. Ofc, I'm just one individual, but I imagine many others (especially those who do it full time) or counting dollars, not coins, and locking in dollar paychecks asap.

[granchio]

I don't think bounty hunters are the cause of token dumping. Without campaign, ICOs can not reach enough popularity and people. And also, if a project is innovative, I believe the traders and bounty hunters would not want to sell their tokens.

[kotajikikox]

Bounty hunters are alwasy blame for selling their tokens so quickly without waiting for the project develpment as outline in the roadmap.  I don't think bounty hunters are to blame because a lot of bounty hunters hold their coins for years.

Bounty hunters selling their payment receive came from the project participation depends on their need in life but yes i agree a lot of them are waiting for the right time to sell their coins from bounty and obviously in the reality need to wait when is the coins have an value to market place before they can sell.

[The_Dark_Knight]

You have a contrasting statement.

Bounties only consist of 2-5% of the total supply of the proposed tokens. And not everyone dumps their earned tokens right away. This do not have a big effect on the market price.

I am seeing many threads blaming the bounty hunters for the dump of the price of the coin, but there are many more valid reasons for that, first of all the price of many coins are overvalued, people buy at whatever the price the developers set, but take the time to look at other projects and their supply of coins and you will see some projects that are asking too much for their coins and you can say from the very beginning the ico price will have to crash, if you identify one of those projects but that you still think has potential in the future then the best thing to do is to wait until the coin hits the exchanges and buy it there.

[jackjackfly]

The problem is not in them! The problem is that many projects go to ICO without having a finished product and most investors are not ready to wait until the project is fully launched here and sell while there is a profit.

But wasn't ICO a new way of crowdfunding in first place? People were trying to get extra money for their project. so it should be completely ok to have unfinished project, I guess the problem is more in low communication post ICO period.

[LieTOme]

I don't think bounty hunters are the cause of token dumping. Without campaign, ICOs can not reach enough popularity and people. And also, if a project is innovative, I believe the traders and bounty hunters would not want to sell their tokens.

well actually for ico without bounty they are a bit difficult to get popular. in addition there is a factor of allocation of funds for this campaign which will indeed make the price increased or just the opposite

[creeps]

I don't think bounty hunters are the cause of token dumping. Without campaign, ICOs can not reach enough popularity and people. And also, if a project is innovative, I believe the traders and bounty hunters would not want to sell their tokens.

well actually for ico without bounty they are a bit difficult to get popular. in addition there is a factor of allocation of funds for this campaign which will indeed make the price increased or just the opposite

Bounty hunters plays a big role in the success of one ICO, without them for sure that project will not succeed. Well, bounty hunters sold their token right away because they need to feel the fruit of their hardwork, for me its ok because if thats a real good project it can bounce high no matter what.

[alexv10av]

The reason for the price drop is not only the sale of tokens by bounty members. Bounty hunters own very small  %. The main reason is the decline in the market as a whole

[novaprime]

The reason for the price drop is not only the sale of tokens by bounty members. Bounty hunters own very small  %. The main reason is the decline in the market as a whole

Most bounty hunters only distribute 1% -3% per project and it does not affect much on that project. I think the downside of the market and the sell-off psychology of investors makes it worth less. Personally I'm a bounty hunter and I will not sell at cheap rates and only sell when the market has clear signs of recovery as that is when I earned the best profit.

[DonateBB]

Bounty Hunter, in turn, is a component that causes the prices of traded coins to fall, as they always sell at a lower price than the ICO, after they receive tokens and sell out immediately.

[lolchina]

Well you can profit on it2 instead crying here-first find out when there will be distribution of bounties for token that you hold then sell it few days before distribution starts and buy back your coins at 30-50% lower prices after the dump

[bird17]

I think that the reason for the fall is not the fulfillment by the developers of all the promised obligations to investors. And the global decline of the market should also be taken into account

[Idrisu]

Bounty hunters are alwasy blame for selling their tokens so quickly without waiting for the project develpment as outline in the roadmap.  I don't think bounty hunters are to blame because a lot of bounty hunters hold their coins for years.

I disagree with the idea that bounties hunters are the reason why tokens and coins get dump. 2% of the tokens are always share within the bounty hunters and I think that is some how little compared to the amount hold by the developers, investors and adviser.  I think bounties hunters should be pay in ethereum or bitcoin and tether instead of tokens.

[Sermihal]

Many people sell their tokens immediately after they are paid for the work and the price of the token falls. But I think it's better to wait until the price rises and sell after a while.

[MoonJeina]

Bounty hunters are alwasy blame for selling their tokens so quickly without waiting for the project develpment as outline in the roadmap.  I don't think bounty hunters are to blame because a lot of bounty hunters hold their coins for years.

That is somehow true . There are many impatient and immature users and bounty hunters who just sell off their coins when the coin into some exchange .
That is one of the biggest reason of the coin dumping . But this cannot be controlled as the new users are emerging everyday and they are just scared to face the loss so they sell of right away.

[el kaka22]

We can't bring it out such allegation towards bounty hunters cause that is usually their doings. Once received their rewards, they have to sell it immediately even in low price to have money instantly. But we should not blame them all because some bounty hunters have learned it already. We can't take consideration also with the dev's of a certain coins for their huge participation to help it out from dumping.

Have you ever wondered how much volume you get to see when the price is dumped compared to the volume the bounty hunters actually got all together in the first place ? You guys should not forget the fact that bounty hunters are just a very tiny piece of the puzzle when it comes to ICO holders.

The private sale investors, investors that bought at a very early stage with huge bonuses are more prone to dump the bonuses to at least get back their initial capital, but we all concentrate on the final ICO price saying some bounty hunters are dumping below the price, but rather, most bounty hunters who are daft enough not to know the ICO price may actually be selling their little tokens lesser than they should be in the first place.