JeotQ (OP)
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June 30, 2020, 03:40:52 PM |
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
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PerfectCircle
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June 30, 2020, 05:16:50 PM |
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Dumps are something a new or old crypto project can't escape, since all coins are designed to be volatile it will surely happen at one point in time, all you have to be aware of is the project use case before promoting, consider checking it's use case very well, if the use case is very useful the token or coin will easily recover
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meanwords
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June 30, 2020, 07:52:17 PM |
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Dumps are inevitable. Bounty campaigns are there to promote the project and to spread the awareness about it. It is up to the investors and bounty hunters whether they would dump the coins or not if it is listed and so far the majority of them are dumping to get some profit because of how volatile cryptocurrency can be. Since it is hyped already, of course investors would see it as an opportunity to get some profits. Don't worry, it's not just you.
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serjent05
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June 30, 2020, 08:02:18 PM
Last edit: June 30, 2020, 08:27:11 PM by serjent05 |
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
Actually to dump is not the purpose of the bounty campaign. It is to spread awareness and if possible hype to the project. It is one of the marketing strategies of any business that opt to fund them through people's money, .a.k.a ICO, IEO, ITO, IPO, etc. The major reason why several projects get dumped the moment they get in exchange is that many of these projects offers discounts on investors. Like their regular price is x USD but they give it at the price of x/3. So who is in the right mind won't sell if they saw 2x 3x profit? Thus, dumps happen. |
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RabbiTANK
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June 30, 2020, 08:02:42 PM |
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Bounty projects aren't intentionally using bounty hunters to promote their projects so they can dump, some might but not all of them, the coins are trading on exchanges already, they aren't planning on raising funds again right? Not all listed bounties are scam
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coupable
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June 30, 2020, 08:09:13 PM |
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Dumps are inevitable. Bounty campaigns are there to promote the project and to spread the awareness about it. It is up to the investors and bounty hunters whether they would dump the coins or not if it is listed and so far the majority of them are dumping to get some profit because of how volatile cryptocurrency can be. Since it is hyped already, of course investors would see it as an opportunity to get some profits. Don't worry, it's not just you.
As you join a bounty campaign, either for a tradeble coin or a new one, you are sharing the risk with investors and token holders to lose or profit less from the work you are aimed to do. I can't confirm that not all existing bounties are scam or part of scam, but i did always think it's a waste of time and you should lose efforts more than the gain you may get. The best i can suggest to you is to check old projects started with a bounty campaign (most of them are already dead) and if there is a real profit obtained by those who joined it. |
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harizen
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June 30, 2020, 08:16:44 PM |
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
The main purpose of a bounty is to spread awareness about the project. And since you talked about currently "listed", dumping can't be avoided. But in the first place, does it really create hype during the campaign? What token are you pointing to? Maybe I can give you a much better insight. |
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Sebas.tian
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June 30, 2020, 08:18:10 PM |
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Not only you mate but almost all bounty hunters. The bounty hasn't been favourable to us from 2018 till date, many projects after doing their ICOs or IEOs will change their mindsets towards considering dumping of their tokens on exchange. Basically, I won't advise new project to be invest on because they are after the funds raise than the project progress. Also, the bounty hunters do more of their dumping than some project teams.
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nicecrypto
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June 30, 2020, 08:23:41 PM |
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
Am also thinking alongside that line bro, not just listed project I think some new projects also use same strategy, take dogedata for example, see how price has dump really bad even before bounty distribution, same thing with listed projects they use bounty as a front to have the opportunity to dump their tokens, but not all of them are like that. |
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oscarftw
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June 30, 2020, 08:46:30 PM |
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Not only you mate but almost all bounty hunters. The bounty hasn't been favourable to us from 2018 till date, many projects after doing their ICOs or IEOs will change their mindsets towards considering dumping of their tokens on exchange. Basically, I won't advise new project to be invest on because they are after the funds raise than the project progress. Also, the bounty hunters do more of their dumping than some project teams.
In low volume exchange, new projects can't raise enough funds to run their projects. Good projects want to provide low bounty allocation to protect price dumps. That's right, only new projects are doing it. Don't care about the price and keep dumping. From the last bullrun, several coins supply has increased to maximum supply. INScoin supply is the best example of this situation. |
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Ifemini
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There are consequences for every action
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June 30, 2020, 09:46:42 PM |
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
This is the reality of crypto currency today, projects turned out to be a business hustle between projects developers, and bounty hunters and this is why emphasis on research is vital. Before joining trading Bounties, check the volume, check the trade history and the support levels, estimate the success limit before participating |
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JeromeTash
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Heisenberg
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June 30, 2020, 09:48:20 PM |
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
Bounty campaigns are a cheap way of advertising. All they promise in most cases is worthless tokens that have no value or very little value in exchange for your time and bandwidth. By now you should have figure out this already. Always participate at least in bounties that pay in Bitcoin or a few other valuable top altcoins |
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goaldigger
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June 30, 2020, 09:52:15 PM |
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A new project can’t guarantee a big price pump on its very first day or week after listing because the demand will still depend if your project is good or not. If the exchange listing is a pure hype then you can expect a dump price within a day.
Bounty hunters are also dumping their rewards easily because they also know that the price will go down after listing. If you’re a believer of that project then you will hold until you see its great value, well for me it will still depend on a project.
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Twinkledoe
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June 30, 2020, 10:02:47 PM |
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A new project can’t guarantee a big price pump on its very first day or week after listing because the demand will still depend if your project is good or not. If the exchange listing is a pure hype then you can expect a dump price within a day.
Bounty hunters are also dumping their rewards easily because they also know that the price will go down after listing. If you’re a believer of that project then you will hold until you see its great value, well for me it will still depend on a project.
Most projects in the altcoins board are crap so the team usually dump it the first time they hit in the exchange. But unfortunately, at that time, those hunters haven't received their share yet. So usually, the price is already down when they receive their share. So there's no reason for the hunter to hodl it long, because it will only go down. Better discard it while it has still value. Otherwise, you will be left bag holder of useless coins. |
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kindbtc
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June 30, 2020, 10:07:31 PM |
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
Yeah it is really disappointing scenario, even the projects that have paid boumty rewards tokens, the price dumps multiple times to new lows just before bounty distribution and it dumps further after the distribution for serious promoters and hodlers this situation is really worrisome, there should be a mechanism so that the prices can be stabilized around ico prices atleast. |
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hatshepsut93
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June 30, 2020, 10:55:48 PM |
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Of course bounties are used to promote a project, that's the definition of bounty - a social media campaign compensated with tokens. A few years ago the scammers who ran ICOs could get most of their profit from the ICO itself, now they also sell their issued tokens on exchanges because there's not much initial investors. Perhaps they even do like you describe - try to sell before the bounty hunters, because bounty hunters can crash the price. If this is true, then it only signifies how unpopular the ICOs have become. Maybe it's time to already acknowledge that bounty hunting isn't worth it anymore?
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TheClownSong
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June 30, 2020, 11:59:49 PM |
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
Bounty campaign whose tokens have already been listed on the exchanger I think will slightly affect the price in the market. Investors will wait for tokens to be dumped by bounty hunters and I think this is reasonable because investors will definitely try to buy at cheap prices. For hunters, campaigns whose tokens have already been listed on the exchanger will be profitable because they don't have to wait long for distribution or selling tokens. |
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pilosopotasyo
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July 01, 2020, 01:06:08 AM |
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
It always happen because some are here to make a quick profit if the project is good even if there are dumps in the initial stage of listing, it will eventually recover and prove itself in the market, if you are holders and believe in the project worth then don't be part of the dumpers. |
BACK FROM A LONG VACATION |
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Cherylstar86
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July 01, 2020, 02:52:05 AM |
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Is it just me or others think same way? I mean are listed bounties intentionally using bounty campaigns to create hype and before the bounty is over they dump part the tokens making it lose value and make bounty hunters share what's left??? I'm kinda confused with bounty projects that are trading
Bounty campaign whose tokens have already been listed on the exchanger I think will slightly affect the price in the market. Investors will wait for tokens to be dumped by bounty hunters and I think this is reasonable because investors will definitely try to buy at cheap prices. For hunters, campaigns whose tokens have already been listed on the exchanger will be profitable because they don't have to wait long for distribution or selling tokens. Investors is having a suicide if they'll kept on investing with uncertain tokens that doesn't have strong community. Bounty hunters who doesn't have plans for their rewards, has no room for future of an specific project. What they have is greed in their hearts, and don't care for the benefits of other holders. If I am part of the bounty, I would choose to sell what I only needed to and avoid having panic when market declines. |
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themohit
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July 01, 2020, 02:56:13 AM |
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Dumps are something a new or old crypto project can't escape, since all coins are designed to be volatile it will surely happen at one point in time, all you have to be aware of is the project use case before promoting, consider checking it's use case very well, if the use case is very useful the token or coin will easily recover
Yes, thats exactly one part of the price of crypto being more secured, decentralized and private. Is it a thing for crypto to overcome somehow - Idk honestly |
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