The Bounty Hunter Problem

[marine4u]

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.

Currently participating in bounty campaigns is no longer a good income for the bounty hunter because there are too many scam projects. I think the participants should have a new direction for themselves to continue to participate in this market.

[qumeijia]

Despite the bitcoin drops, now many people are moaning this problem. There are many bounty campaign scams now, so many bounty participant don't get reward or tokens. It definitely disappoint the participant. In other hand, the number of bounty hunter are increasing, of course the number of tokens earn are lower.

[Crypto_circuit]

Well, alot of the dump happens as to why founders refuse to sacrifice anything to the progress of their project.

[Luxury331]

One of the major problems which the bounty hunter have is the fact that they dump very quickly and this is detested by a number of investors and some reasonable bounty hunter. The effect of dumping quickly Can be seen on the price of the coin which will become low

[camho]

i think  the  bounty problem is that they used to dump any coin gotten from bounties,,though i dont blame  them either because most coin  self are not valuable and they have no potential to keep for so long so that  is why they used to dump their token

[shooleh]

Lots of problems have to be faced like fraud ICO. Or the token already acquired but not included in the Exchange. A number of the problems often encountered by bounty hunters. But this all depends on our ability to conduct elections to the ICO project.

[Gamblet]

Most of the project is very poorly shown at the stage of ICO and bounty hunters lose faith in the project. If the project can not redeem the tokens that the bounty hunters sell, it means that the coin have bad  liquidity. I think that the bounty hunterss will not sell the project tokens that they like.

[manvinder030429]

also, the dumping is considerably more aggravated when the ICO coin is a masternode one with an abundance. Than the early adopters from the ICO pre-deal set up hubs and frequently aggregate a great deal before it even enters a trade and when it does they dump to recover there cash spent on the ICO causing a gigantic lessening in cost. I have been scorched by a couple of masternode based ICO coins.

[Crypdon]

There should be full transparency on the holdings of the project team, if it dumps that quickly it is likely to be pre-sale early investors and the team members. Bounty hunters only own 1 or 2% of the token allocation but we get the blame anyway.

[sundul]

The ICO project many scams and it's very difficult to track. Especially now that the price of coins was falling so that they keep the coins. With the condition of coins that fall is also impacting the not good against Altcoin who have not been able to get in Exchange.

[prosokeslo]

I think that the major problem that a lot of us bounty hunters face is lack of patience. A host of us just think of how we get bounty rewards, and then sell them off as soon as we can, without even blinking an eye and thinking of how our actions affect the market. we should be more patient, and not everytime sell sell, sometimes, hodl.

[emmaong12]

I doubt the bounty hunters make as much difference as people imagine. I blame the founders normally, they heavily market during their ICO and then stop their marketing as soon as the ICO is finished, if it doesn't get listed quickly then obviously the price will drop.

[gunbars]

This problem looks kinda real. I think both hunters and companies are to be blamed. Companies should start give hunters the confidence that their coins will worth more and hunters should trust them.

[Kaycee0202]

The major problem that bounty hunters has is their quickness to dump there tokens the gain from engaging in bounty hunting the dumping has a negative effect of the price of the coin

[WilliamsSean]

exactly and bounty campaigns have begun to scam out here...

[castiloros]

currently the main problem most likely the existence of scam that is quite a lot in the ICO and it's not a good thing. This time it will be something bad for crypto and even in some time in the future than some time ago, even though it is so still there is also good potential who have the ICO and the way it is which is decent to be sought and followed.

[Glen1989]

For the bounty hunter - it's his earnings, so very often they sell their coins, even at a very low price to get paid for their work . You can't blame them for that. After all, at least this is a good opportunity for investors to buy a coin at a lower price

[vitek146]

Bounty hanters special airdrop hunters is anxious to quickly sell their coins and transfer them to fiat money and rejoice their 2-3 dollars and will happy but they kills all prices and pushes price falling, they do not care about the future of the project, just to sell and whether that will be.Need rules that bounty can sell in 1-2 month after ico end.

[CryptoBry]

In my view though bounty hunters can partly be one of the many reasons for the dump we have to remember that only an average of around 2% are allocated for bounty hunters so around 98% of the coins or tokens are owned by the investors and the people behind the project. And there is now a common trend that bounty hunters will only receive their share weeks after the project landed in exchanges...in fact in my experience the fist week's dump has no bounty hunters' involvement. The dump can be because investors are expecting that the value will really decrease after they are introduced in exchanges so they sell their holdings at a profit and buy the same later...if the situation is already favorable. The full blame is not actually on bounty hunters but the people behind the project because in many cases there is no product yet and the platform has still to be made...certainly there is no real value yet. I am afraid that soon only a few investors will be trusting a project introduced via the ICO platform because nobody in his right mind will love to experience a decrease in one's investment...

[lang shao]

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.

the biggest reason that bounty hunter is a problem is because of the low penalty for death. It's easy enough to kill a bounty hunter when they attack you. However, they most likely only lose 450 gold worth of gear each death. This means that they can attack you 11 times before it's no longer worth it to keep trying. If the bountied player gets killed, they lose an entire prot set, their bounty, and their streak. It shouldn't be that hard to win a fight against someone 11 times in a row. But if they're decent at PvP, they can easily win one of those fights if they steal your kills or attack you without any healing. They could also bring friends to make it even worse.