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Author Topic: WHY THE BLAME ON BOUNTY HUNTERS FOR SHITCOINS?  (Read 1190 times)
kooboat (OP)
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March 11, 2020, 04:16:24 PM
 #1

From observation, most people who are bounty hunters are also investors themselves. In any case, the two groups almost have the same interest and that is to maximize profit on their token holdings. It is just two sides of one coin issue. It all depends on the individual involved because we have bounty hunters who hold coins longer than those who invested with their funds. It is about time  people act fair in their comments towards bounty hunters anytime a coin becomes a shit coin. By the way even in recent times, bounty hunting is not as attractive as it used to be, but still people are always quick to put blame on bounty hunters after a failed project meanwhile the tokens received bounty are very meagre to kill a project.

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March 11, 2020, 04:31:58 PM
 #2

I don't see any reason that the bounty hunters will be blamed after the coin will become shitcoin. We can't deny the fact that the bounty hunters are also dumpers or price but it doesn't mean we should blame all those things. There is the whole team of the project might have an idea of buyback after it will be dumped. So, dont blame bounty hunters because they are the ones who helps to promote the project.

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March 11, 2020, 04:54:58 PM
 #3

People have different perspective. As you can see, some investors have this mindset cause they experience it with the past. Cant blame them for it since some hunter are actually dumping their tokens right after getting rewards. But thats different case for those who hold so meaning we cant really comprehend which is which here cause both parties have a point when regards to this matter.

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March 11, 2020, 05:06:42 PM
 #4

That's the mistake most people make anytime the price of any project falls greatly. Bounty hunters receive very little amount of tokens for all the work they do with no bonus but most of these investors buy in at very huge bonuses and dump their coins once the coin hits exchanges. I remember i once held a token till it finally became a shit coin, meanwhile most of the investors had already sold out their holdings.
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March 11, 2020, 05:25:25 PM
 #5

Project team itself dump their tokens on most of the occasions but still all hates goes towards hunters only because they are anonymous so they can be blamed and project team can get them away from any troubles.
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March 11, 2020, 05:27:36 PM
 #6

The bounty hunter is wrong or an influential person on a project. The campaign is carried out as a way for a project / coin to have a lot of interest so that it will get a high score. If the project fails, whether it's a scam, the bounty hunter can only do the best for the project he follows after the research is done, everything can happen without denying

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March 11, 2020, 05:39:49 PM
 #7

I don't see any reason that the bounty hunters will be blamed after the coin will become shitcoin. We can't deny the fact that the bounty hunters are also dumpers or price but it doesn't mean we should blame all those things. There is the whole team of the project might have an idea of buyback after it will be dumped. So, dont blame bounty hunters because they are the ones who helps to promote the project.
People blame bounty hunters out of desperation, if you invest all your money in a bad coin and then you lose it all because the price dumps it is easy to blame the bounty hunters since they are very visible and because it is difficult to accept the fact that you are the one which is responsible for losing your money by investing in such coin, but such a realization is difficult to make since this will mean you will have no one to blame but yourself and in my experience very few people have the mental maturity to do something like it.
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March 11, 2020, 05:54:55 PM
 #8

The job of the bounty hunter is to help promote a project, after they receive payment, the bounty hunter task is complete. If a coin becomes shitcoin, bounty hunters also feel disadvantaged, because the coins they receive have no price at all, and automatically their work so far will be in vain.
The one to blame is the project team itself, if they have a good idea to develop their project, then their coin circulation will continue in the market.

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March 11, 2020, 06:32:28 PM
 #9

Hunters aren't responsible for dumping. Their share of the pie is very small so that 5% of the supply they get is not going to decide whether the coin succeeds or not. Usually at least the same amount that is given to hunters is airdropped. What about those guys who claim airdrops and dump? They are also not to blame because if the coin was promising most of them owould hold.

Blaming the community for lack of success is like blaming the clients for not eating at your restaurant. Maybe the food is just bad?
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March 11, 2020, 07:02:34 PM
 #10

Mostly bounty budget is only 0.5 to 2 percent of the total supply of 5he tokens and after listing like investors, bounty hunters also have a choice of holding or selling so you can not blame bounty hunters for dumping all the time, i think investors who get massive bonuses or discounts and in some cases the team itself are the real cause of big dumps.

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March 11, 2020, 07:03:21 PM
Merited by nutildah (1)
 #11

From observation, most people who are bounty hunters are also investors themselves. In any case, the two groups almost have the same interest and that is to maximize profit on their token holdings. It is just two sides of one coin issue. It all depends on the individual involved because we have bounty hunters who hold coins longer than those who invested with their funds. It is about time  people act fair in their comments towards bounty hunters anytime a coin becomes a shit coin. By the way even in recent times, bounty hunting is not as attractive as it used to be, but still people are always quick to put blame on bounty hunters after a failed project meanwhile the tokens received bounty are very meagre to kill a project.

What mushrooms have you been eating, and can I have some?
90% of bounty hunters don't consider investing in their wildest dreams. Their only goal is to get some tokens/coins and sell them as soon as they hit the market. Early bird gets the worm sort of speak.

Having said that, i don't believe they are to blame fully. The other side of the coin is bonuses which projects give to early investors. Usually if a project is giving 30% bonus, you can bet these 30% of tokens will be dumped on day one. (hardly any project locks the bonuses... you can blame project advisers for that, as their goal is also to sell tokens asap)
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March 11, 2020, 07:08:48 PM
 #12

1. I don't think that "most" bounty hunters become investors if they have a choice to sell.
2. The blame on bounty hunters is sometimes unfair, since there are many speculators or even the teams who sell too much too early and then abandon the project. But there's also a big real blame on bounty hunters because they don't check thoroughly the projects they are working for, creating hype for worthless projects which will pay them in tokens which they'll never be able to sell (i.e. working for free) and also convincing other foolish "investors" buy into the ICOs of shitcoins / shit tokens.

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March 11, 2020, 08:52:42 PM
 #13

In life naturally, blames are usually shifted to the most vulnerable individual and that is the situations of we bounty hunters.
Whenever a token moons, does well and advances in price and volume, it is always the work of the project devs and investors.

But if it is the other way round and the token becomes shit coin, it is always the fault of bounty hunters. I hope bounty hunters can equaly refrain from joining shit bounties, so that there won't be any reason to push blame around.
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March 11, 2020, 09:03:05 PM
 #14

I haven’t seen any blame on bounty hunters for the shitcoin. You got it in the wrong way! People are making threads to aware the hunters to not promote the shitcoin's bounty, that's it, they are not blaming. Only one blame I saw to the bounty hunters and that is coin dumping at a low price!

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March 11, 2020, 09:34:11 PM
 #15

The allocation that most projects give to bounty campaigns is usually pretty small compared to what's being offered to investors, so I also agree that the blame is faultily blamed upon bounty hunters because it's an easy connection to make at first, though that isn't to say the bounty hunters aren't part of the problem. It's a combination of bounty hunters and investors dumping early into the typically low demand right after launch.

A project failing typically involves many more factors than just investors or token/coin holders.
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March 11, 2020, 09:56:31 PM
 #16

I can't see any constructive argument for defending the rights of bounty hunters, The situation changes to worse every day. The shitcoins have no value for the both investors and bounty hunters and blaming only the last group of people will not be fair. If markets are down and projects die, all participants will suffer from this loss.

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March 11, 2020, 10:00:20 PM
 #17

This kind of concern has been tackled and asked many times. If a token starts to dump, the blame will always go to the bounty hunters and I think that was during 2018 but it's no longer like that.
Everyone is involved to this who's dumping the token because you all have the same goal and that is to profit as soon as possible. There were projects that locks the reward for bounty hunters.

 
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MOProgress
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March 11, 2020, 10:09:46 PM
 #18

from the topic, I will say that the failed projects sometimes use bounty hunters as an excuse to their failure. The truth is that some projects are not worth anything.
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March 11, 2020, 10:12:13 PM
 #19

Everyone now the scenario about bounties distributions and there are no more good projects coming for pay good bounty altcoins, those projects are paying to bounty hunters that are paying in installments, like three months even 12 months and there is no way to dump the project's coins or token due to not getting all altcoins in one payment. So bounty hunters are not responsible for making a shit coin.

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March 11, 2020, 10:13:21 PM
 #20

From observation, most people who are bounty hunters are also investors themselves. In any case, the two groups almost have the same interest and that is to maximize profit on their token holdings. It is just two sides of one coin issue. It all depends on the individual involved because we have bounty hunters who hold coins longer than those who invested with their funds. It is about time  people act fair in their comments towards bounty hunters anytime a coin becomes a shit coin. By the way even in recent times, bounty hunting is not as attractive as it used to be, but still people are always quick to put blame on bounty hunters after a failed project meanwhile the tokens received bounty are very meagre to kill a project.
And that blame started during the time when bounty hunters dump their token after receiving it and it was a reason why the market value turn down makes the project fail because they can't recover it easily. If all bounty hunters don't have such instinct in selling below the ICO/IEO price, it eventually helps the project to succeed but sadly they don't coz their main concern is just themselves.

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