Sonny's observation on the effects of bounty hunting on ICO projects

[upyem2k]

Bounty hunting used to be great. Back in the days, there was an unspoken code of ethics - and common sense - that resulted in hunters thinking like ICO contributors and setting their sell orders at least 1.5x above ICO price. Unfortunately, common sense went out the window a long time ago. So, while it's lamentable that hunters get treated the way they are these days, the sad truth is it's not uncalled for. I'm an ICO contributor and also a hunter. I've seen the damages of bounty hunters underselling first hand... I've also enjoyed the pleasure of buying dirt cheap from them.

[1715323867]

1715323867

[earnetheasy]

Yes this is sad that people give up their ethics just earn a few extra bucks. But in the process the lose something vital, the trust of people. To earn money quickly people are throwing their common senses out of the window which is sad to see.

[MetalCoinMTC]

Previously, a verifiable code of ethics was there and sound judgment, that achieved searchers thinking like ICO givers and setting their offer demands no under 1.5x above ICO cost which give me mixed feelings.

[asriloni]

Bounty hunting used to be great. Back in the days, there was an unspoken code of ethics - and common sense - that resulted in hunters thinking like ICO contributors and setting their sell orders at least 1.5x above ICO price. Unfortunately, common sense went out the window a long time ago. So, while it's lamentable that hunters get treated the way they are these days, the sad truth is it's not uncalled for. I'm an ICO contributor and also a hunter. I've seen the damages of bounty hunters underselling first hand... I've also enjoyed the pleasure of buying dirt cheap from them.

I have seen it yesterday when these guys have started to dump their pennies on the cheap rate. This worked in so many times that the bounty hunters need more education regarding it. They don't care about the price as long as they can fill they daily needs with these pennies.

[WaterSeal]

If the current situation regarding the bounty campaigns persist then the demand for bounty campaigns will slowly die. I started participating in bounty campaigns in early 2017 and made nearly 800$ by the end of August. Now, here I am and I made a total of 200$ so far this year. The bounty campaigns are slowly losing their popularity among general bounty hunters like us.

[Laxus215]

Bounty hunting used to be great. Back in the days, there was an unspoken code of ethics - and common sense - that resulted in hunters thinking like ICO contributors and setting their sell orders at least 1.5x above ICO price. Unfortunately, common sense went out the window a long time ago. So, while it's lamentable that hunters get treated the way they are these days, the sad truth is it's not uncalled for. I'm an ICO contributor and also a hunter. I've seen the damages of bounty hunters underselling first hand... I've also enjoyed the pleasure of buying dirt cheap from them.

I have seen it yesterday when these guys have started to dump their pennies on the cheap rate. This worked in so many times that the bounty hunters need more education regarding it. They don't care about the price as long as they can fill they daily needs with these pennies.

Exactly why should they care as long as they can get pennies for their daily needs. Trends are changing now a days 6 months before bounty hunters used to fuck the project on the exchange & to resolve this issue ICO team came up with solutions to rewards bounty hunters late. But now a day its early investers are ruining the price of the token on exchange and you know what once the new tokens price gets down it takes long tine to recover the price that's why bounty hunterz are happy with the pennies.

[Ilona7550]

Each of the bounty hunters pursues their goals. Very few people think about the long term. Who needs quick money, he immediately sells the project tokens. Who will see that the price can grow, will wait. But generosity is gradually disappearing in the background.

[vinayak2628]

Not every bounty hunter is dumper. I seen lots of project with high bonuses for investors. This is another reason for  price decreasing..... Not all bounty hunter is dumper.

[payjoe93]

I think this will be reduce Dumper in my oppinion. ICO must selective to accept bounty hunter, more experience with high rank is recommended to participate bounty.

Im just affraid if the ICO no need Bounty Hunter anymore..

[vladuch1]

Bounty hunters simply do not understand much and often make bad decisions. Some immediately sell their coins at very low prices. At the moment, the Bund campaign members earn very little money, and Bounty is becoming increasingly unpopular.

[stealth.money]

Bounty hunting used to be great. Back in the days, there was an unspoken code of ethics - and common sense - that resulted in hunters thinking like ICO contributors and setting their sell orders at least 1.5x above ICO price. Unfortunately, common sense went out the window a long time ago. So, while it's lamentable that hunters get treated the way they are these days, the sad truth is it's not uncalled for. I'm an ICO contributor and also a hunter. I've seen the damages of bounty hunters underselling first hand... I've also enjoyed the pleasure of buying dirt cheap from them.

When it's in mass production phase everything is cheaper, just like ICO or bounty

[blokceyin]

Bounty hunting used to be great. Back in the days, there was an unspoken code of ethics - and common sense - that resulted in hunters thinking like ICO contributors and setting their sell orders at least 1.5x above ICO price. Unfortunately, common sense went out the window a long time ago. So, while it's lamentable that hunters get treated the way they are these days, the sad truth is it's not uncalled for. I'm an ICO contributor and also a hunter. I've seen the damages of bounty hunters underselling first hand... I've also enjoyed the pleasure of buying dirt cheap from them.

They sell cheaply, you taking advantage of it and buy from them. I'm also trying to buy from them. Actually, I can't see an ethical problem here mate. Everybody is free to sell their assets whatever they like.

[kryptqnick]

Bounty hunting used to be great. Back in the days, there was an unspoken code of ethics - and common sense - that resulted in hunters thinking like ICO contributors and setting their sell orders at least 1.5x above ICO price. Unfortunately, common sense went out the window a long time ago. So, while it's lamentable that hunters get treated the way they are these days, the sad truth is it's not uncalled for. I'm an ICO contributor and also a hunter. I've seen the damages of bounty hunters underselling first hand... I've also enjoyed the pleasure of buying dirt cheap from them.

If a person invested in an ICO, he/she wants the coin to reach its maximum price, not just return the money by overselling rightaway. Airdrop coins, on the other hand, are truly suffering from people who got coins for nothing and want to profit from it. But hey, ICO hunters are not as of much of a problem as the ICOs themselves. In 2017, people lost a billion dollars on scamming icos. Huge amount of money, which doesn't do any good not only to ICOs, but to crypto reputation overall.
A quick question: what do you mean by 'Sonny's observation'? in your post? I thought you were referring to some company, but couldn't find anything online.