What is happening?

[MuhNofa]

Is this true ? I also participated in this campaign and indeed I have not checked information about this campaign for a long time, this is very extraordinary information, but why did the price drop so drastically?

[Retainly_Collie]

Is this true ? I also participated in this campaign and indeed I have not checked information about this campaign for a long time, this is very extraordinary information, but why did the price drop so drastically?

Because they listed on small exchanges and fake volumes. Currently there are many such collapsed projects in this market, so you do not need to be surprised with it.

[ethereumhunter]

The price of Bitcoin has gone up a lot in the market. In fact, I am very happy. I made a mistake in some of my Bitcoin and I got a good profit from it. From this Bitcoin, I think those who can make these Bitcoin for the future will get a good profit. We have to monitor the market situation. I think normal the price of Bitcoin will increase day by day.

I am sure many people are happy too, and not just you

We will be happier if bitcoin price can rise higher more than $10k-$15k, especially if the price can be back to more than $20k

But we cannot always be happy because bitcoin price will not always reach the high price, and the price will always go up and down in the next hours, so you need to prepare for the correction.

[adzino]

It is illogical for bounty hunters to be blamed, because they only work to make promotions, while other things are clearly done by the team or the developer, and investors cannot be blamed for this, because they besides helping the project also want to find profits for themselves alone.

In what way its illogical to blame bounty hunters? So, they working by promoting the project, okay fine. But, then this means they are also promoting a scam project. They know that most of the project are scam, they still work for them. They know the price will drop soon enough, thus as soon as they get paid, they dump their tokens causing further price drop (would have happened anyway).
Tell them to stop promoting these scam projects!

[zuziekatee]

Price dip is not something you call out a project for especially if they haven't done anything wrong. Price will fall no matter how you do it but trade action with good liquidity and project performance and development will help to build things back up.

[bittick]

Price dip is not something you call out a project for especially if they haven't done anything wrong. Price will fall no matter how you do it but trade action with good liquidity and project performance and development will help to build things back up.

The problem is that can't be achieved easily and the project needs more time to build all of those things. I know about spycee and it has already created a product and it's a better one than scam project like blockburn. spycee needs more time to build the hype

[gundala]

Projects should not trust this probit, their exchange is full of bots and it is very suspicious most likely manipulated exchange, I knew a project that list there are dump worst than spyce, that project was dump -100% from its IEO price which is very frustrating. Maybe their listing fee is low but it is not really good for starting projects they should have choose a better one. There is no assurance that you will get the amount pegged on what is promise to you on bounty, it is all an estimated price, lucky if it hits the target price.

That's very bad, losing prices by up to 100%.

Spyce, I know the project is pretty good. The product is a web browser, it's ready and working. Establish cooperation with one of the blockchain-based game developers. if the dev team is more willing to collaborate with more potential exchanges, I think it will attract more market attention. This is where the role of community power from an exchange in supporting projects, it is unfortunate right, good projects but can not develop optimally because the community is less supportive.

[silversurfer1958]

I think this is normal. Prices are determined by supply and demand rules and the news affects this coin. I have participated in many bounty campaigns. And I have seen many coins have dropped in value many times after they were listed on exchanges. If the project that you do the bounty campaign mobilizes a lot of capital from the community, it may be listed on big exchanges like Binance, Huobi. This will help the coin gain more value.

[Yamifoud]

It wasn't surprising at this time. We have been through to this in many Bounty campaigns and most of them suffered such declines ones they already in the market and then they mostly put blames on the hunters. Even though ICO/IEO has succeeded in their programs but it wasn't the assurance for their price to move high because, in reality, it will dump and it could be at worse when that has no working product in the market.

If we are going to evaluate the situation this time, you will certainly be surprised if a certain project will surge high right after its launches.

[Rubick99]

Its always happen with IEO, that token will be more cheaper from the IEO price while the campaign still on going. From my experience, that is hard to get recover to the official price. Especially that bounty campaign not over yet, that must be the second wave for dump.

[Danslip]

This is not surprising these days, we all know the current market conditions are not good because of corona epidemic even the well established altcoins are in big dip so it's really hard for new altcoins to perform well. Circumstances won't be same we just have to be patience and wait for the right moment.

Yes indeed it is not surprising for current problems, cause of pandemic crypto market is not good as expected and more than that altcoins are decreasing day by day. Maybe as you mentioned new altcoins can not move well, maybe after solved the pandemic it will be better than at the moment. It is needed to be more patient, it won't take a long time.

[Wayrey2020]

I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count

It happens so many times, but it is not the end of the world to be honest. There are several bounties out there doing well, but we do not talk about them or ask whatts happening why ?

Does it have to be only about the bears??
The bounty campaign is fixated to the token, and the project is solid. It will stand out in the near future.

[Iyeman]

I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count

It happens so many times, but it is not the end of the world to be honest. There are several bounties out there doing well, but we do not talk about them or ask whatts happening why ?

Does it have to be only about the bears??
The bounty campaign is fixated to the token, and the project is solid. It will stand out in the near future.

it caused by they have ended as a dead coin as well. Yes it does and the price have plunged a lot and the probit listing has already cancelled due to the problem between spycee team and probit team.

[daglordjames]

I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count

I think the investors are selling their altcoin so that's why the price is decreasing maybe for my opinion.

[itsv]

that drop isn't surprising Some traders want to get profit early on .. and some time team sell their tokens to raise funds for the project. In terms of bounty now a days it's very difficult to find the one which actually give good returns. Still there are few threads out there in the forum regarding exchangeable bounties or the one which are paying in weekly basis.

[Looper_U]

There is possibility of price recovery if the project development is still ongoing, if the present value isn't good enough for you its not bad to hold the tokens for a while, you can never tell what will happen few months later

[trauchot]

There is nothing surprising here, because this is the Probit exchange, and the Probit exchange is not better than P2PB2B or Vindax, and as we know these are scam exchanges and it is better not to contact them at all and you need to bypass them and unfortunately Probit is now also blacklisted by a lot of people.

[sayam]

There are many reasons why this could happen. Early investors may have dumped the price for their own needs. Again, it may be that someone from the team sells his portion & there could be many more reasons. If the price goes down due to the red market, then we will see market recovery again very soon.

[b1k4ng]

probit is one of the less good exchanges and has a fake volume, maybe that's one of the reasons why the price falls below the IEO price, the lack of enthusiasts in this project so there is little demand in the market is also the reason for dumping

[Kez1817]

I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count

That is not new in crypto market and not only that project drop down the value of their tokens drastically while bounty campaign is still running. A lot of new project now that put a higher value on their tokens during campaign are failed to implement that amount and that is because they do not hold the market. Always remember crypto market is volatile and value of tokens is base on the demand and supply.