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Author Topic: Damages dumping creates  (Read 16318 times)
jessyj48
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March 13, 2019, 06:32:29 PM
 #1

I think there is a way to fix this dumping problem plaguing crypto space ,its very annoying to see dumpers dumping coins or tokens at a very lower price than that of the ICO price ,dumping kills coins easily ,I think developers should have some kind of deals with exchanges that won't allow people to dump coins at a particular price ,what are your thought?

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March 13, 2019, 06:39:29 PM
 #2

I can't because it is the right provision by the seller who sells very cheap and throws away large amounts, but of course there is prevention from the team.
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March 13, 2019, 06:47:38 PM
 #3

I think there is a way to fix this dumping problem plaguing crypto space ,its very annoying to see dumpers dumping coins or tokens at a very lower price than that of the ICO price ,dumping kills coins easily ,I think developers should have some kind of deals with exchanges that won't allow people to dump coins at a particular price ,what are your thought?

I doubt that this kind of action is a good idea as in a free market you can't just dictate people the price which they can sell their coins/tokens for.
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March 13, 2019, 07:19:49 PM
 #4

Exactly my thought. There should be a lock on the price or something when the tokens or coins get listed on exchanges. That way, investors won't have to worry of dumping.
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March 13, 2019, 07:29:02 PM
Merited by TimeTeller (1)
 #5

I think there is a way to fix this dumping problem plaguing crypto space ,its very annoying to see dumpers dumping coins or tokens at a very lower price than that of the ICO price ,dumping kills coins easily ,I think developers should have some kind of deals with exchanges that won't allow people to dump coins at a particular price ,what are your thought?

My solution is this
1. Have a buy back plan (call it marketing money) or pay bounty hunters or airdrop participants in btc, eth, ppt, usdt or other stable currency. This is your marketing fee and when you dodge it by paying hunters with your native token, it surfers a dump
2. Don't give away ridiculous bonuses during sales
3. List in reputable exchanges with real trade volume and responsible market


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March 13, 2019, 07:42:28 PM
 #6

that would be a great solution! Only I do not know how it is possible to implement this. Also, I don’t understand people who sell coins 10 times cheaper than the ICO price.

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March 13, 2019, 07:49:30 PM
 #7

I think there is a way to fix this dumping problem plaguing crypto space ,its very annoying to see dumpers dumping coins or tokens at a very lower price than that of the ICO price ,dumping kills coins easily ,I think developers should have some kind of deals with exchanges that won't allow people to dump coins at a particular price ,what are your thought?
exchange is not a solution, dumper will always be there because it is normal for new coins. The team should focus on releasing this platform so that the coin can be used. but the fact is that many projects do not fit the roadmap, they seem slow in development and some have been running for more than 1 year but their platform has not been released.
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March 13, 2019, 08:31:36 PM
 #8

that would be a great solution! Only I do not know how it is possible to implement this. Also, I don’t understand people who sell coins 10 times cheaper than the ICO price.
what can I say. people just like to manipulate by the price so they can buy at a lower price.

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March 13, 2019, 09:25:28 PM
 #9

Dumpers are the people who like to sells their coin at a lower price regardless of how much they paid before getting the coin... No serious way to stop dumping of coin than to improve on the potential and the ability of the coin to appreciate. Dumpers will always be their in crypto market.
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March 13, 2019, 09:33:41 PM
 #10

I feel this strategy will be right and quite effective. Probably this might be a new working way to resolve this pressing issue.  If this will work then  there should be a regulation of altcoins too. Cause I see it as part of it though.
But another thing is,  how interested are developers in what goes on with their coins. The painful thing is that about a greater number of developers don't really care about what happens to their coin after ICOs. It's just the painful truth.

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March 13, 2019, 09:56:45 PM
 #11

You should wait to go against the dumping problem. Otherwise, the current state of the market causes fear in people, which causes most projects to be traded below the ICO price. The bounty hunters also have role in this dump, but this is because there are no more buyers.

 
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March 13, 2019, 10:02:54 PM
Merited by slashz9 (1)
 #12

I think there is a way to fix this dumping problem plaguing crypto space ,its very annoying to see dumpers dumping coins or tokens at a very lower price than that of the ICO price ,dumping kills coins easily ,I think developers should have some kind of deals with exchanges that won't allow people to dump coins at a particular price ,what are your thought?

My solution is this
1. Have a buy back plan (call it marketing money) or pay bounty hunters or airdrop participants in btc, eth, ppt, usdt or other stable currency. This is your marketing fee and when you dodge it by paying hunters with your native token, it surfers a dump
2. Don't give away ridiculous bonuses during sales
3. List in reputable exchanges with real trade volume and responsible market

And don't give too many airdrops...
Aside from the mentioned above, if those dumpers, let us say most are bounty hunters, see that the project has very solid foundation and has active development, I believe they will think twice of selling their tokens or coins at a very cheap price.
And if the team is blaming it to bounty hunters, I think that is not really true as the percentage allotted for these bounty programs is very small as compared to their total supply.
The dumping of tokens from bounty programs will only take a short period of time, and will go back up again if there is really value to this token.
Also, bonuses like 50% can really ruin their price once it hits the exchanges. Because if they are not locking the tokens of those investors, high chance that they will sell it very cheap as they almost got it for free.

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March 13, 2019, 10:04:39 PM
 #13

People dump because there is no investors to buy at a better rate, the real problem is bear season as people are not willing to invest in anyhow project and sometimes, even the dev dump to take profit and maybe use it in promotion of the project

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March 13, 2019, 10:15:29 PM
 #14

It's actually impossible to have a limit below which a coin cannot be sold. It will cause more harm than good, because they may never be a concensus between the buyers and sellers, and that will hamper the smooth trading of the coin.

To curb trading, the developers should have a buy back plan to always take back their coin from weak hands, and never pay for bounties with their tokens, because bounty hunters are responsible for the majority of dumping on the exchange, they should rather pay with eth which is more appreciated by the hunters.
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March 13, 2019, 10:23:12 PM
 #15

Its hard to stop the dump because of manipulators and it really affects the trust in the market. I think its better if we are going to spread more knowledge about cryptocurrency so they will not panic every time whales dumps the market because after that it will pump again.

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March 13, 2019, 10:26:54 PM
 #16

They should simply do a burn and buyback to keep the prices attractive, this will in turn attract more investors. Alternative, create incentives to hodl like a small airdrop for hodlers

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March 13, 2019, 10:31:41 PM
 #17

People dump because there is no investors to buy at a better rate, the real problem is bear season as people are not willing to invest in anyhow project and sometimes, even the dev dump to take profit and maybe use it in promotion of the project

Most of them are the dev team themselves dumping their own coin. You can see that if their foundation is hollow and no app whatsoever in place. They are just using the bounty hunters as the reason but it's not. If they are really sincere and have financial capability, they will pay in btc or eth or any other established altcoin.

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March 13, 2019, 10:38:41 PM
 #18

You can't stop dumps because they are a product of a very small market. When you have 10 people holding 10% each and one of them sells it all there will be a big red candle. When others see that red candle they think something is going on with the coin and sell.
There are instances where this won't happen like when the token is distributed among thousands of people and none of them holds more than 0.1%.

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March 13, 2019, 10:44:06 PM
 #19

Good plan. The solution is we must have a plan to be able to determine when we should buy back. Everyone is fed up with the decline that happened.

 
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charlop24
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March 13, 2019, 10:45:29 PM
 #20

The only way to stop the dumping is to pay bounty hunters in eth, btc or other widely recognised coin and keep the amount of tokens given out for marketing purposes checked. When individuals have only few tokens, they will not be able to make a substantial effect on the market.
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