The Bounty Hunter Problem

[tk808]

Been viewing multiple threads on why coins dip after being listed on exchanges? Most of blame that goes towards bounty hunters and how they sell of coins immediately, effectively causing a mass panic, and eventual dump of the coin below ICO prices. But, they aren't entirely to blame, because ICO creators themselves have ultimately created their problems behind dumps.

Since 2017, bounties have become increasing popular, and with that popularity, they will have: more gates, require higher quality posts/accounts and force bounty hunters to perform more and more tasks, taking up more of hunter's time and effort. Most of these bounties also pertain to shitcoin scams, that are usually dead within 1-2 months after the ICO is completed. So there's a high risk pertaining their time being invested vs. payout.

It's in the best interest for bounty hunters to dump their coins immediately, due to high risks and uncertainty behind the teams of each ICO. If a coin can't pay for it's own advertisement campaign out of its pocket, then they are going to pay through the exchanges. You aren't getting free services/promotions, to further an ICO for no cost at all, there's a cost to everything. And, to add to this, if a coin can't cope with the amount of coins given away for free, then it's time to re-think your marketing strategies, not following the rest of the herd to get a bounty campaign going.

In fairness, increasing competition and the volume of coins launching are forcing all ICO's to have bounty and marketing campaigns. There are different and more lucrative ways to market ICO's btw, but they are less used and not realized yet by the majority of ICO's occurring, due to their lack of understanding.

That being said, there's definitely a high influx of new people entering crypto, and profiting from the few legitimate bounties and will dump instantly to reduce risk. This is only natural, as there are a lot of people around the world looking to profit from these types of things, and they support themselves/families on these things.

Crypto is much different now than it was 1 year ago, and certainty 2-5 years ago, in terms of the people who actually believe in the potential behind blockchain, and what some new coins are attempting to achieve. Most people in crypto have little to no passion for what this entire field entails, "cash out quick before your profits go to 0" type mentality.



just fyi: I've never joined a bounty campaign for an ICO



Edit: The points in regarding that bounty hunters don't cause price dumps, is valid. I was addressing the issue why bounty-hunters dump, as they are the ones that often get blamed for dumping (by everyone). Most ICO's get dumped for several other reasons, but, just wanted to explain this particular instance.

[criticoflife]

and the dumping is even more compounded when the ICO coin is a masternode one with a bounty. Than the early adopters from the ICO pre-sale set up nodes and often accumulate a lot before it even enters an exchange and when it does they dump to reclaim there money spent on the ICO causing a huge decrease in price. I have been burnt by a few masternode based ICO coins.

[Pipshunter]

Been viewing multiple threads on why coins dip after being listed on exchanges? Most of blame that goes towards bounty hunters and how they sell of coins immediately, effectively causing a mass panic, and eventual dump of the coin below ICO prices. But, they aren't entirely to blame, because ICO creators themselves have ultimately created this problem.

Since 2017, bounties have become increasing popular, and with that popularity, they will have: more gates, require higher quality posts/accounts and force bounty hunters to perform more and more tasks, taking up more of hunter's time and effort. Most of these bounties also pertain to shitcoin scams, that are usually dead within 1-2 months after the ICO is completed. So there's a high risk pertaining their time being invested vs. payout.

It's in the best interest for bounty hunters to dump their coins immediately, due to high risks and uncertainty behind the teams of each ICO. If a coin can't pay for it's own advertisement campaign out of its pocket, then they are going to pay through the exchanges. You aren't getting free services/promotions, to further an ICO for no cost at all, there's a cost to everything. And, to add to this, if a coin can't cope with the amount of coins given away for free, then it's time to re-think your marketing strategies, not following the rest of the herd to get a bounty campaign going.

In fairness, increasing competition and the volume of coins launching are forcing all ICO's to have bounty and marketing campaigns. There are different and more lucrative ways to market ICO's btw, but they are less used and not realized yet by the majority of ICO's occurring, due to their lack of understanding.

That being said, there's definitely a high influx of new people entering crypto, and profiting from the few legitimate bounties and will dump instantly to reduce risk. This is only natural, as there are a lot of people around the world looking to profit from these types of things, and they support themselves/families on these things.

Crypto is much different now than it was 1 year ago, and certainty 2-5 years ago, in terms of the people who actually believe in the potential behind blockchain, and what some new coins are attempting to achieve. Most people in crypto have little to no passion for what this entire field entails, "cash out quick before your profits go to 0" type mentality.



just fyi: I've never joined a bounty campaign for an ICO

I've joined many bounties myself. Can't blame the bounty hunter some come from the bounty manager itself who created a bunch of Fake entries and claim lot more than others.
I manage a few bounty campaigns in the past I've seen many fake entries from the same people who try to abuse the campaign. Strict rules need to apply for a Bounty campaign.
and for the dumper, this problems kinda hard to be controlled. Maybe if they start paying using ETH, LTC or BTC that probably will solve this issues.

[andradwi]

because this is the biggest year where many scams and they are not responsible for what has been done. Our Bounty Hunter feels where we can't enjoy the results of our labor so be careful

[Awesomus Maximus]

And, to add to this, if a coin can't cope with the amount of coins given away for free, then it's time to re-think your marketing strategies, not following the rest of the herd to get a bounty campaign going.

Very well said. Sadly, most of the ICOs have no marketing strategy at all. I think their only strategy is to raise money no matter what, and these campaigns appear to be a convenient way to achieve that cheaply. I have participated in a couple of ICOs and I have experienced first hand what you describe as bounty hunters dumping the coins immediately. There is a constant fear that the price is going to go down. If the project is legitimate, the price will go down for a short period of time, followed by a rise. But not all projects are legitimate. To prevent this, an ICO may choose to issue the bounty rewards sequentially, but I don't see happening often.

[tk808]

Been viewing multiple threads on why coins dip after being listed on exchanges? Most of blame that goes towards bounty hunters and how they sell of coins immediately, effectively causing a mass panic, and eventual dump of the coin below ICO prices. But, they aren't entirely to blame, because ICO creators themselves have ultimately created this problem.

Since 2017, bounties have become increasing popular, and with that popularity, they will have: more gates, require higher quality posts/accounts and force bounty hunters to perform more and more tasks, taking up more of hunter's time and effort. Most of these bounties also pertain to shitcoin scams, that are usually dead within 1-2 months after the ICO is completed. So there's a high risk pertaining their time being invested vs. payout.

It's in the best interest for bounty hunters to dump their coins immediately, due to high risks and uncertainty behind the teams of each ICO. If a coin can't pay for it's own advertisement campaign out of its pocket, then they are going to pay through the exchanges. You aren't getting free services/promotions, to further an ICO for no cost at all, there's a cost to everything. And, to add to this, if a coin can't cope with the amount of coins given away for free, then it's time to re-think your marketing strategies, not following the rest of the herd to get a bounty campaign going.

In fairness, increasing competition and the volume of coins launching are forcing all ICO's to have bounty and marketing campaigns. There are different and more lucrative ways to market ICO's btw, but they are less used and not realized yet by the majority of ICO's occurring, due to their lack of understanding.

That being said, there's definitely a high influx of new people entering crypto, and profiting from the few legitimate bounties and will dump instantly to reduce risk. This is only natural, as there are a lot of people around the world looking to profit from these types of things, and they support themselves/families on these things.

Crypto is much different now than it was 1 year ago, and certainty 2-5 years ago, in terms of the people who actually believe in the potential behind blockchain, and what some new coins are attempting to achieve. Most people in crypto have little to no passion for what this entire field entails, "cash out quick before your profits go to 0" type mentality.



just fyi: I've never joined a bounty campaign for an ICO

I've joined many bounties myself. Can't blame the bounty hunter some come from the bounty manager itself who created a bunch of Fake entries and claim lot more than others.
I manage a few bounty campaigns in the past I've seen many fake entries from the same people who try to abuse the campaign. Strict rules need to apply for a Bounty campaign.
and for the dumper, this problems kinda hard to be controlled. Maybe if they start paying using ETH, LTC or BTC that probably will solve this issues.

Multiple-entries and puppet accounts is a huge issues ongoing atm. But yeah, stricter rules are used to combat these accounts and malicious users. But essentially it's an ever-prevailing problem, where one solution creates another. Bounty campaigns will never go away, since they are synonymous with ICO's (always in high demand by users)

[Herostorm]

The number of bounty hunters is increasing, so the number of people participating in the bonus campaign will increase, so the number of tokens we receive from each campaign is small. So I'm no longer involved in the Bounty campaign

[9jaflick]

In must cases bounties are not to be blame, as must company dump their left tokens over that wasn't sold during the ICO/crowdsale, and they will now go about putting the blame on bounty. Example is cashbet

[Yaunfitda]

I would call it a dilemma, bounty hunters have 2 choices, either dump their coins one they got it or seriously but the risk of having this tokens plummeting is there. We have witnessed a lot of ICO campaigns never got to reach their ICO price again because of the sudden pump of bounty hunters.

But there are tokens worth holding but its really difficult for bounty hunters because we are in the bear season. Everyone is dumping as soon as they got their hands on their tokens. You can't blame them though, they have work very hard weeks after weeks so they deserved their payments.

[Gboytee]

Most of the time the bounty hunter do half fault, we need to blame bounty manager, the stake they will assign to some task will be so frustrating and they will also assign huge stake to some. Then those ones that received huge token will be the one to dump at silly price. Where those that received lower token will not be able to pay for gas

[StephKram]

Are there even that many coins at all being awarded in bounties that have any value.  Most of the coins I get are complete rubbish.  I may have to re-evaluate how I pick bounties.  I have been doing Bounty Hive which is turning out to be like working for free. 

[the13thsymphony]

I think that the dump that bounty hunters do does no really affect the prices of ICOs in a big way because of the allocations for the bounty being only a small percentage of the ICO cap. What I think the reason the dump happens is due to the investors dumping their tokens because they would want to have quick profits and do not care at the projects at all. The happened because of the ICO boom when many investors saw they can have good profits in just a few months and it will not change as of the moment specially considering the framework that the ICOs have established.

[Docnaster]

The major problem is the incessant spam accounts that are joining. A lot of the low income countries are starting to catch on, and it's becoming a community business in countries like Indonesia, Phillipines and Thailand where there are coordinated efforts to manipulate bounties for personal gain. I personally think that only members and above should be able to participate, as it's quite clear that 90% of new Jr. members are just spamming up the forum.

[abojamal]

The market is full of projects
Even those who prove their credibility may be weak and do not have a strong team and no good vision
And only a few are strong projects that do not want to sell their currency immediately
It needs to experience to differentiate between the two cases so find some fishermen do not sell immediately.

[priscadavids]

I've joined many bounties myself. Can't blame the bounty hunter some come from the bounty manager itself who created a bunch of Fake entries and claim lot more than others.
I manage a few bounty campaigns in the past I've seen many fake entries from the same people who try to abuse the campaign. Strict rules need to apply for a Bounty campaign.
and for the dumper, this problems kinda hard to be controlled. Maybe if they start paying using ETH, LTC or BTC that probably will solve this issues.

Honestly, it is true that people create fake account all because they want to get higher stakes and all that.. but it is very alarming to hear that bounty managers fill in many fake accounts so as to get the tokens to themselves. PS i don't think paying in tokens isn't a wise decision because as people gets to trade the token, volume increases and it gives the token more value.

[Azna Azhar]

Are there even that many coins at all being awarded in bounties that have any value.  Most of the coins I get are complete rubbish.  I may have to re-evaluate how I pick bounties.  I have been doing Bounty Hive which is turning out to be like working for free. 

A good idea to evaluate the right way to choose a bounty. This is difficult to do because there is no effective way to determine whether or not a project is good. The dump problem by the bounty hunter, I thought, was not true, because it must have been anticipated by the development team. A good project development team will always try to maintain prices.

[jetjet]

Somehow, project are to be blame for given immediately the token to bounty hunters. If they avoid massive dumping their they should lock the token by certain range of time. But I doubt its only the hunters that contribute the decrease of price. A good example is a project Elysian! They don't distribute the token to the bounty hunters until now and planning to distribute it by October end. But look at the price after the ICO ended it was decreased to almost 70% from the ICO price. This is a good example that not just the bounty hunters are to be blame when price decrease.

[Rati24]

Well, in some way you are right. When entering the bounty you hope to get some profit from it for several months. In the next you get these coins then wait for their growth and as a result the price drops below ten times even though you could sell them in the beginning and even fix the profit. So in the end, you are holding and theoretically already leaving in the negative, although you could sell everything and buy again at the bottom. At such times it is better to do trading than to keep coins about the end of the project although last year the situation was completely different than now.

[amobi]

People dump due to uncertainty, infact i have experienced this so many times, but the truth remains that if a project is well managed and supported, no matter the dump the coins will still pick up certainly.

[moynul2050]

Bounty Hunter helps the team to create a community of tokens, this is very important.
because ico will die without a community, bounty hunters are not the cause of the decline in ico prices, but investors also do the same thing throwing their tokens immediately.