Spyce Price Conditions before and After Distribution

[Davian144]

This is the case that I found today on bw.com exchange, but in this case I also do not fully blame the bounty participants, because I myself also included as a participant in the Spyce campaign, but what I wonder why is that when the distribution is finished the price drops right away ? and things like this don't only happen to Spyce tokens, but some other tokens also experience almost the same thing, does anyone know what the main cause is ?

[Ryushin]

What do you mean by when the distribution was finished the price drop right away? Bounty hunters start dumping once the distribution started, some were able to dump at 0.007$ that I know of but Spyce isn't that bad, I sure the token will recover later, moreover the bounty allocation wasn't huge

[Davian144]

What do you mean by when the distribution was finished the price drop right away? Bounty hunters start dumping once the distribution started, some were able to dump at 0.007$ that I know of but Spyce isn't that bad, I sure the token will recover later, moreover the bounty allocation wasn't huge

I have already said that I do not intend to blame bounty participants on this matter, and you should also know that when the Spyce token is priced at $ 0.007, the distribution has not been done by the team to the bounty manager.
The bounty allocation is indeed not large, but the total supply of this token is 200,000,000.00 SPYCE, so what percentage are you sure that the price of this token will recover ?

Source: https://ethplorer.io/address/0x2b0ef43e0111c8acaeaa26d93fa77048ef2a2cbf

[VIP BTC]

~snip

I think it's commonplace after token distribution. If we say that there are some participants who throw away tokens. Participants also don't have many tokens to make a dump price. I think there are larger token holders so this can happen. Yes, we hope that the developers do not leave their tokens after distribution.

[bassbity]

Maybe some traders and investors know that distribution will be done so they sell the truth. I also don't know the cause of this happening. There may be dumps that we don't know about, I think this often happens in almost projects that will be distributed,

[BITCOIN4X]

Not surprisingly, this situation is very common in new project, especially for bounty hunter. Altcoin from a new project has the potential for dump price reduction when trading open because there are many seller compared to buyer. The more people sell their token, the faster the price will be dump away. High market demand for token will increase price, and if the high number of sale of tokens on the market compared to demand, price will dump and that is market law.

In my opinion there is nothing to blame, because the real price of the project token is when the trade start. If you believe the price will increase, then hold the token and if not then please sell all your token at the current price. As alway, this is a complaint from a bounty hunter and you must accept the truth.

[Festac]

Easy, this means that there are many sell orders on exchange than buy orders, this is very common with new projects and SPYCE don't have big Liquidity, the best exchange for this project is BW, the other exchange called Probit isn't that good

[KaratX]

I did few research on Spyce project weeks ago, I believe if the token get listed on more exchanges the price will surge, the token use case makes sense enough and the team are very active, if you got your bounty tokens already do not dump all

[qazgroup]

This is the case that I found today on bw.com exchange, but in this case I also do not fully blame the bounty participants, because I myself also included as a participant in the Spyce campaign, but what I wonder why is that when the distribution is finished the price drops right away ? and things like this don't only happen to Spyce tokens, but some other tokens also experience almost the same thing, does anyone know what the main cause is ?

I always suggest hunters not to rush but sadly most of hunters still rush to sell as soon as they receive the reward tokens they do not even care about the price which is really unbelievable, if the project is of good quality there is no point selling for pennies, just give enough chance to the team to come up with quality product and definitely you can make good profit then with price gains of multiple times.

[ife2020]

This is the case that I found today on bw.com exchange, but in this case I also do not fully blame the bounty participants, because I myself also included as a participant in the Spyce campaign, but what I wonder why is that when the distribution is finished the price drops right away ? and things like this don't only happen to Spyce tokens, but some other tokens also experience almost the same thing, does anyone know what the main cause is ?

Your analysis might be right, but do you know that it also depends on each individual project? and their trading strenght ?
Why do i say that? Cartesi was also distributed today, and the token did not feel an inch.

The chart you dropped is not a true reflection of the spyce trade history. @0.006$, what is the value of the buy orders or perhaps the support level of the coin?

[electronicash]

its only found in one exchange?  

bw will not be enough for its price to go moon. it will just keep moving down. if bounty hunters get hold of their tokens, they better sell before it drops to $0.0001 all your efforts at least will be paid even if its just $20. i find it a good project but its just not what people needs.

This is the case that I found today on bw.com exchange, but in this case I also do not fully blame the bounty participants, because I myself also included as a participant in the Spyce campaign, but what I wonder why is that when the distribution is finished the price drops right away ? and things like this don't only happen to Spyce tokens, but some other tokens also experience almost the same thing, does anyone know what the main cause is ?

Your analysis might be right, but do you know that it also depends on each individual project? and their trading strenght ?
Why do i say that? Cartesi was also distributed today, and the token did not feel an inch.

The chart you dropped is not a true reflection of the spyce trade history. @0.006$, what is the value of the buy orders or perhaps the support level of the coin?

you mean the team is buying back?

[Thasins61]

Because after the end of the distribution, the developed team and a large number of people try to sell and thus create a lot of liquidity that may lead to a lower price.

Also, many platforms lie about profits, which makes many people sell once the currency has reached the maximum possible price, which is the price before the end of the promotional campaign.

dont save tokens for long time

[Coyster]

I always suggest hunters not to rush but sadly most of hunters still rush to sell as soon as they receive the reward tokens they do not even care about the price which is really unbelievable, if the project is of good quality there is no point selling for pennies, just give enough chance to the team to come up with quality product and definitely you can make good profit then with price gains of multiple times.

If I worked for the spyce project, or invested in it, sorry I would not be heeding to your advice, I'll sell the coins ASAP. If you sell immediately, the ROI or return for bounty hunters may be pennies like you said , but imo it's better than holding and selling for less than pennies, or the team makes an exit scam, and you have no one to sell to then. I can only hold Bitcoin for a long time, as for new icos/altcoins, I don't, they are more of pump and dump coins and if you invested part of your money in it, you'll not want to be caught holding it when it dumps.

[ecnalubma]

Its normal, if your veteran bounty hunter its not new and only few projects can really manage the dump after the rewards are distributed to their participants. Your lucky if your one of the first batch to sell your rewards at reasonable price, but not all times you can blame it to bounty hunters because sometimes the project’s team itself are responsible of the dump.

[Lordhermes]

I always suggest hunters not to rush but sadly most of hunters still rush to sell as soon as they receive the reward tokens they do not even care about the price which is really unbelievable, if the project is of good quality there is no point selling for pennies, just give enough chance to the team to come up with quality product and definitely you can make good profit then with price gains of multiple times.

If I worked for the spyce project, or invested in it, sorry I would not be heeding to your advice, I'll sell the coins ASAP. If you sell immediately, the ROI or return for bounty hunters may be pennies like you said , but imo it's better than holding and selling for less than pennies, or the team makes an exit scam, and you have no one to sell to then. I can only hold Bitcoin for a long time, as for new icos/altcoins, I don't, they are more of pump and dump coins and if you invested part of your money in it, you'll not want to be caught holding it when it dumps.

This is exactly true, have seen many projects happened this way, the best moments for hunter is to sell immediately after distribution in this bear markets period. Could remember in early 2017, I was airdrop $13 worth OPEN token, now what I have left is $0.05, might seem like joking matter but that's the truth. Storing bounty tokens in wallets now is not advisable, sell off immediately, take profit at any cent, and move on.

[chanc3r]

Its normal, if your veteran bounty hunter its not new and only few projects can really manage the dump after the rewards are distributed to their participants. Your lucky if your one of the first batch to sell your rewards at reasonable price, but not all times you can blame it to bounty hunters because sometimes the project’s team itself are responsible of the dump.

The main problem was on the liquidity of spycee. This is not something news even when the hunters sell a small amount of spycee and it can created a dump too. No liquidity means no order to give support to the pressure caused by the hunters but this totally depends on the liquidity

[Free1bitco.in]

it's very clear the influence of the bounty hunter. but, I think the decrease is not big. I think that the wall is big enough to hold it, or many bounty hunters are holding their assets. as far as I know, the price of this IEO project is $ 0.038, and before the price drops, the price of spyce is $ 0.007, so it's likely that not all tokens have been sold by the bounty hunter.

[L A R A]

In the beginning, liquidity at BW.com was still low, buy and sell orders differ greatly. So it is very reasonable if prices fall after the bounty is distributed.

[Yaunfitda]

Ah, the dreaded pump and dump and put the blame on bounty hunters. LOL, But to be fair though, this is not the first time and won't be the last. I myself who have been holding a token that I participated more than a year ago and as soon as it was listed on Digifinex, it went on a downward spiral. But today, it is close to 100% ROI, LMAO, good thing that I hold on it never dump during the beginning.

I'm not saying that this coin will have the potential to pump in the future, but let's see how it goes. 

[lobo13hf]

This is the case that I found today on bw.com exchange, but in this case I also do not fully blame the bounty participants, because I myself also included as a participant in the Spyce campaign, but what I wonder why is that when the distribution is finished the price drops right away ? and things like this don't only happen to Spyce tokens, but some other tokens also experience almost the same thing, does anyone know what the main cause is ?

Your analysis might be right, but do you know that it also depends on each individual project? and their trading strenght ?
Why do i say that? Cartesi was also distributed today, and the token did not feel an inch.

The chart you dropped is not a true reflection of the spyce trade history. @0.006$, what is the value of the buy orders or perhaps the support level of the coin?

dude, CTSI has already traded on binance and that was also getting a very huge volume to prevent the dump. The liquidity that will be supporting the market to prevent the dump that created by the distribution of bounty. in this case the liquidity is a key to avoid the dump