Bitcoin Forum
July 09, 2024, 03:49:26 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Bounty hunters are only a part of the problem, but but the whole problem  (Read 345 times)
adekogbe (OP)
Member
**
Offline Offline

Activity: 854
Merit: 21


View Profile WWW
November 05, 2018, 11:42:51 PM
 #1


Some solid projects have done bounties in the past and a lot of them are still very strong

bounties are mostly between 1-3% of a total budget... So, I don't think bounties alone can be blamed for a cryptocurrency dumping terribly.

It is project developers who give too much bonuses that I will blame.

Most projects have no realistic use case in the nearest future but just because they want to raise their hardcap they give out ridiculous bonuses

Bonuses ideally shouldn't be more than 25% for presale investors, & the allocation should be capped and lower than the crowdsale allocation

But, projects offer ridiculous bonuses in both presale and crowdsales.

Now some investors wouldn't mind dumping for just a liitle % profit, especially people that invested a lot of money

Imagine investing $10k & already having 1.5x due to bonuses before listing...

Some people will dump even if its below ICO price, knowing they will still be in profit.

Now that dump will cause a chain reaction of more subsequent dumping, from the people that will make profits to those who are just cutting their losses & project manager will then blame bounty hunters for everything.

Rozita
Full Member
***
Offline Offline

Activity: 658
Merit: 108


View Profile
November 06, 2018, 12:03:12 AM
 #2

The problem is the team only think about the money they can raise. This money is more important than future of their tokens. They think about the future of themselves, not future of their tokens.
Also, I have seen some ICOs give all participants bonus. That bonus doesn't worth when all investors give that.

And they should give bounty participants bitcoin or Ethereum. It's better for both bounty hunters and investors. It is also better for the team, if the value of the token matters to them.
aioc
Hero Member
*****
Offline Offline

Activity: 2954
Merit: 567



View Profile
November 06, 2018, 12:14:40 AM
 #3

You are right investors are attracted on bonuses because it is quick profit for them even if it hits below 10% of the ICO price they are the one dumping because they can afford especially if they invest big amount of money, they can get their investment back while bounty hunters only have a small portion and some of them are not really dumping and wait for the price increase.

bitmover
Legendary
*
Offline Offline

Activity: 2352
Merit: 6103


bitcoindata.science


View Profile WWW
November 06, 2018, 12:33:25 AM
 #4

Bounties are not the reason for the bear Market.

Most of ico have worthless tokens because they do not have a working product or a reason for the token to exist.

They just create tokens and give them bounty hunters and investors, who believe they are worth something, but most of the times aren't worth anything.

You need to research a lot and keep eyes open tp find a good project, which tokens are worth anything

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
blackhawkeye1912
Sr. Member
****
Offline Offline

Activity: 784
Merit: 250


View Profile
November 06, 2018, 12:40:18 AM
 #5

You are right investors are attracted on bonuses because it is quick profit for them even if it hits below 10% of the ICO price they are the one dumping because they can afford especially if they invest big amount of money, they can get their investment back while bounty hunters only have a small portion and some of them are not really dumping and wait for the price increase.

Agree! Knowing how ICO tokens go through the years having a huge start, then declining later. Investors surely know about this. So, after having a profit, these investors suddenly left the projectto invest in another starting ICOs. These must be the trend of the market having thousands of ICOs.
bisdak40
Hero Member
*****
Online Online

Activity: 2338
Merit: 554


casinosblockchain.io


View Profile
November 06, 2018, 12:47:08 AM
 #6


Imagine investing $10k & already having 1.5x due to bonuses before listing...

Some people will dump even if its below ICO price, knowing they will still be in profit.

Now that dump will cause a chain reaction of more subsequent dumping, from the people that will make profits to those who are just cutting their losses & project manager will then blame bounty hunters for everything.
Bounty hunters are not the problem to an ICO IMO, they are even the ones helping the project reached it's goal and without them they won't be recognized in the community. It is the project itself and the idea behind it may cause the problem. Giving too much bonus just to lure investors could give problem in the future but i don't think they will mind that because they are after the sales. It is unfair to always blame the bounty hunters whenever there is a dropped in token value.

mrSamuel
Sr. Member
****
Offline Offline

Activity: 574
Merit: 251


View Profile
November 06, 2018, 12:56:43 AM
 #7


Imagine investing $10k & already having 1.5x due to bonuses before listing...

Some people will dump even if its below ICO price, knowing they will still be in profit.

Now that dump will cause a chain reaction of more subsequent dumping, from the people that will make profits to those who are just cutting their losses & project manager will then blame bounty hunters for everything.
Bounty hunters are not the problem to an ICO IMO, they are even the ones helping the project reached it's goal and without them they won't be recognized in the community. It is the project itself and the idea behind it may cause the problem. Giving too much bonus just to lure investors could give problem in the future but i don't think they will mind that because they are after the sales. It is unfair to always blame the bounty hunters whenever there is a dropped in token value.
I also think that this is not the problem at all. very stupid to blame the hunters for their generosity in the collapse of the price. it turns out that they are to blame for the fact that all tokens are priced at 90%? rave.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆
DR_Vladislav
Jr. Member
*
Offline Offline

Activity: 152
Merit: 7


View Profile
November 06, 2018, 01:06:03 AM
 #8

I was looking in the topice in the last 2hrs and i see more than 3 topics about bounty hunters and token dump.
I can see you gather all good topics comments and post in a new topic.
antsam
Full Member
***
Offline Offline

Activity: 2044
Merit: 109


View Profile WWW
November 06, 2018, 02:22:47 AM
 #9

It's true that the bounty hunter is not the cause of falling prices because their share is only 1-3%. I agree that a very big bonus is obtained by investors from private sale and pre-sale which always make prices drop dramatically.
iconoclast
Full Member
***
Offline Offline

Activity: 770
Merit: 102


Matrix Built On An Ethereum Smart Contract


View Profile
November 06, 2018, 02:24:46 AM
 #10

If you offer a bonus greater than 10% to Private or Presale investors then you should have a mandatory hold period added as part of the terms. I won't invest in ICO's that give out excessive bonuses to large investors as you know for a fact that there are people who make their money by simply buying presale tokens and then dumping when they list.

inanilujimi
Sr. Member
****
Offline Offline

Activity: 1862
Merit: 259


View Profile
November 06, 2018, 02:36:45 AM
 #11

for me bounty hunters play a very important role for the success of each ICO, if there is a decrease in prices, of course not because of the bounty hunter, which I know is not more than 5% of their total bounty which will be distributed to bounty.
nicolas1979
Sr. Member
****
Offline Offline

Activity: 826
Merit: 252



View Profile
November 06, 2018, 02:48:15 AM
 #12


Some solid projects have done bounties in the past and a lot of them are still very strong

bounties are mostly between 1-3% of a total budget... So, I don't think bounties alone can be blamed for a cryptocurrency dumping terribly.

It is project developers who give too much bonuses that I will blame.

Most projects have no realistic use case in the nearest future but just because they want to raise their hardcap they give out ridiculous bonuses

Bonuses ideally shouldn't be more than 25% for presale investors, & the allocation should be capped and lower than the crowdsale allocation

But, projects offer ridiculous bonuses in both presale and crowdsales.

Now some investors wouldn't mind dumping for just a liitle % profit, especially people that invested a lot of money

Imagine investing $10k & already having 1.5x due to bonuses before listing...

Some people will dump even if its below ICO price, knowing they will still be in profit.

Now that dump will cause a chain reaction of more subsequent dumping, from the people that will make profits to those who are just cutting their losses & project manager will then blame bounty hunters for everything.

All about developer team, as long they have powerful system and solid team I'm sure they can make the project running. But they don't have market control everything look mystery, even professional expert only can predict. We also can't blame developer team, some of them already fight to survive but have bad result. We as bounty hunter just follow the rules to finish the task, small part of the project. Keep positive thinking and never forget to learn about risk. 








██▄     ▄▄░
▀██▄ ▄██▀
▄▄███████████████████▄▄
▄█████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█████▄
████▀                   ▀████
████       ▄▄█████▄▄  ▀▄   ████
████      ▄██████████▄▀    ████
████      ████████▀▀       ████
████  ▄▀ ▄██▀▀▀   ▄██      ████
████   ▀▀     ▄▄███▀       ████
████▄                   ▄████
▀█████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█████▀
▀▀███████████████████▀▀
.
SECONDLIVE
.
CHOOSE LIFE      CHOOSE SPACE      CHOOSE FRIENDS
.
|    Twitter    |  Telegram  |   Medium   |  YouTube  |   Discord   |    TikTok    |    GitHub    |
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
   S T A K E   L I T T L E   W I N   B I G   
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
        ▄▄███████▄▄▄
    ▄▄████████████████▄▄
   ████████████████████▄
  ███████▀▀▀█████████████
 ██████▌     ▀████████████
███████▀ ▀▀▄▄██▀▀▀█████████
██████             ▀███████
██████▄             ███████
 ███████▄▄        ▄███████
  ███████████▄▄▄▄█████████
   ▀███████████████████▀
     ▀████████████████▀▀
   ██████████████████████
khufuking
Sr. Member
****
Offline Offline

Activity: 840
Merit: 266


View Profile
November 06, 2018, 03:01:37 AM
 #13

I keep saying that, and I believe it is the truth, people thinking that bountyhunters with their 1% in most cases or 3% in a very rare case will manage to affect the price. You are speaking about presale bonus, which in some projects can be 80%+ !! All that without mentioning the private sale deals, just imagen if pre-sale buyers are getting that kind of bonuses, then how much the private sale get!!

If the bounty hunters are the problem then simply pay them with big coins like BTC or ETH and save your projects, it is that simple.
silent17
Full Member
***
Offline Offline

Activity: 420
Merit: 119


View Profile
November 06, 2018, 03:12:38 AM
 #14

Many of us here are bounty hunters and I understand what you are going thru.
Bounty hunter usually dump coin to gain an income. Because some of the bounty hunters are making this a job.
anyways. as you said, the project only allocated 1-3% of the token to the bounty hunter so I really think that this will really not affect the price of the token. I think the real reason why project allows having bounty hunters for another investor who hasn't have their coin can buy. Because if you are really investors and really believe in a token, I think they will hold the token.
Levious
Member
**
Offline Offline

Activity: 271
Merit: 10


View Profile
November 06, 2018, 03:14:53 AM
 #15

This is not the main thing. In fact, when Bitcoin created the mythical investment in 2017, it has already been consumed. Now Bitcoin needs to take off again, otherwise it will lose a lot of investors. This is dangerous for cryptocurrencies. The loss of a large number of investors by the ICO led to a significant depreciation of Ethereum.

sabine80
Member
**
Offline Offline

Activity: 728
Merit: 14


View Profile
November 06, 2018, 03:47:54 AM
 #16

i also do not believe that bountie hunters are responsible for a dump. for this the 1 or 2% bounty pool is simply not enough. or it may be that the project has no buy support at all, then maybe it would be enough to push the price down.
trimulia
Full Member
***
Offline Offline

Activity: 518
Merit: 101



View Profile WWW
November 06, 2018, 03:51:26 AM
 #17

I think the same thing, developer or manager that give too much allocation for bounty is a big problem, thats why every coin with this rules always and always dump

l10no
Full Member
***
Offline Offline

Activity: 518
Merit: 101



View Profile
November 06, 2018, 06:12:03 AM
 #18

it is indeed a big mistake, again bounty hunters are used as a source of dumping problems, it is clearly not possible, if prices do not want dumping, bounty hunter funds are distributed first, because the allocation of bounty funds is so small that it is impossible for hunters to cause dumping. I think everyone agrees
Little_king
Copper Member
Newbie
*
Offline Offline

Activity: 224
Merit: 0


View Profile
November 06, 2018, 06:20:25 AM
 #19

You just made my day , cause I don't know what makes them think that just 1-3% if a project will be the cause of dump when over 60% is out there with profit already before listing , most especially the private investors who had gain 2x already with #10k and already in $30k+ when ico is still on just tell me if that person won't dump and move on , even before hunters think of selling and most hunters don't even know when the coin are listed cause of the work schedule for the bounty most do , so to me the dev are to be blame for giving ridiculous bonuses all in the name of funds must be raised and their target must be achieved.

[ IXINIUM ] Transactions In Seconds, Backed By Real 100% Insured Assets.
http://ixinium.io/
Barbut
Hero Member
*****
Offline Offline

Activity: 1694
Merit: 502


★Bitvest.io★ Play Plinko or Invest!


View Profile
November 06, 2018, 06:25:06 AM
 #20


Some solid projects have done bounties in the past and a lot of them are still very strong

bounties are mostly between 1-3% of a total budget... So, I don't think bounties alone can be blamed for a cryptocurrency dumping terribly.

Many people invest in icos in presales, I`m one of them. We get nice bonuses, discounts, and when it comes to exchanges we collect profit. Not in every ico is possible to invest in presales, some of them now asks for huge amounts if you wish to participate in presales.
I think when prices start to goes down the team is responsible in the first place, later everyone else. Problem is how they put their idea in realization, how they organized bounty, sales, later token distribution, to the point where token hits exchanges.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!