michellee
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July 01, 2020, 03:04:51 AM |
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If the new project listed on the exchange, the dump will coming for the new token/coin because the investors and the bounty hunters want to make money from the project. It is normal to see what will happen in many new projects, but maybe the developer can prevent the dump or join with the dump, which means the developer can sell their token at a price. But some new token will get a pump for a second after the new token listed on the exchange, so I think the developer can sell their token at the high price.
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Free1bitco.in
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July 01, 2020, 03:13:25 AM |
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This is not only for bounty hunters but also for investors. I think that some projects deliberately spend a lot of money at the beginning then they destroy their own tokens. Well, for some projects, it looks like you think. However, I try to keep positive thinking that maybe in the future, the price of the coins can be better.
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Sourhearrt
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July 01, 2020, 03:43:45 AM |
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Bounty hunters joined bounties that are trading simply because they are listed on exchanges, all they have in mind is they will be able to sell once the bounty token got distributed and this makes them less eye opening to how good the bounty project is, not all listed bounty projects are good
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Dhoe
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July 01, 2020, 04:06:30 AM |
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This is not only for bounty hunters but also for investors. I think that some projects deliberately spend a lot of money at the beginning then they destroy their own tokens. Well, for some projects, it looks like you think. However, I try to keep positive thinking that maybe in the future, the price of the coins can be better.
What is their purpose in destroying their own tokens? Is it to cut supply so make prices rise? If it's like that then I believe in a project uses this method. But in reality, their tokens are still cheap and don't have good volume on the Exchange.
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Kasabus
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July 01, 2020, 04:20:37 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 If the project is really useful, their tokens might still have chances to dump but later on, it's value will recover again. This is not new to bounty projects nowadays and even bounty hunters are already used to it. But with thousands of bounty projects in the market, bounty hunters still try their luck hoping in the end they can receive rewards tokens that are of better value.
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bgaf
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July 01, 2020, 04:27:48 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
Im thinking maybe you are right about that but of course we cant say all for them. There are still some good projects launching bounty with sincere intention. If there are developers who are like this kind of people then those are abuser of knowledge they have and merely skipping the hardship of earning money. Its easy way actually to make a project popular and leave it afterwards. They can always says the project still continue but the truth is they are creating ways to exit slowly without being noticed.
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aditasetia123
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July 01, 2020, 05:18:24 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 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 paying bitcoin campaign have limit to its participants amount , and also not all rank or member could not participate cause its very restrict. usually this campaign will require merit , and this is be main problem for several member.
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20kevin20
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July 01, 2020, 05:49:19 AM |
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It's why ICOs exploded a few years ago. The first ones to profit off them were able to get rich out of literally nothing and some people are late but still trying hard. There are a lot of shitty tokens that were simply copied from each other and I would not be surprised if they all actually had the same owner too. Going into bounties and crappy tokens in a hope of claiming a valuable coin for free is just a worse version of taking the entire NYSE list and pinpointing a completely random business to invest in.
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Kupid002
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July 01, 2020, 05:50:16 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
This only means bounty now a days is not great way to earn money find your skills or learn a new skills make your own service to offer and earn money from it in that case you don't need to always rely on bounty rewards that they give you can start your own ways to earn money as freelancer that offer a service.
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TanakabZX
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July 01, 2020, 05:54:53 AM |
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It's a shame what listed bounties are turning into, blockburn team refused to distribute bounty token, they promised after 3 months later but yesterday I find out that they have changed date of distribution to 6 months later, another listed bounty project that disappoint me was I.Q cash, distribution is not done yet but price have dumped alot, the price was 0.33$ before and now it's 0.04$.
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joseyphil82
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July 01, 2020, 06:10:10 AM |
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You are not alone, I sold my Spyce tokens for penny after it dumped alot even before bounty distribution started, I guess the mistake was on us bounty hunters because Spyce use case isn't that great, ARCS bounty is trading too and the price have dumped many times but still recovers, that's example of a very good coin, they recover easily
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Byakuga
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July 01, 2020, 08:37:21 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
Do not promote bounties simply because they are already listed on exchanges, this can easily get you blind from detecting some real fact about the project, just because it's listed doesn't mean it's good enough, you need to do research still and not set eye on its present value
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Ryushin
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July 01, 2020, 11:52:05 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
Possibly but not entirely true, it depends on how good the bounty campaigns are, what about bounties that are trading at lower price and after distribution the price start surging? Tachyon protocol was an example
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chichidori
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July 01, 2020, 12:00:00 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
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. Not just a discount but many of them offer airdrops that anybody can join with a small amount as a reward never knowing that those airdrop participants will sell their token or coin the moment it got listed on an exchange, one more example are those that do a 2nd phase ICO which they will sell there token a tad bit higher than the first, bounty hunters have a part on it too.
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Balladtony77
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July 01, 2020, 12:51:23 PM |
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Listed projects are still risky, don't be fooled just because they are available on exchanges, some might not even have good volume and some might be listed on bad exchanges like p2pb2b, the ball is in your court, choose wisely
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gwaposakon
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July 01, 2020, 01:03:50 PM |
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Bounty campaigns are created to market and promote the project. The hype it creates attracts more investors and supporters. It is always possible that when the project becomes listed, the price will pump and dump. I think it's obvious that the project will prioritize their investors more that is why they hold distribution of bounty hunters' rewards to avoid too much dumping of coins before the investors.
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Surrapatt
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July 01, 2020, 01:17:11 PM |
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Listed projects are still risky, don't be fooled just because they are available on exchanges, some might not even have good volume and some might be listed on bad exchanges like p2pb2b, the ball is in your court, choose wisely
Yes, choosing projects wisely is a very good thing for every bounty participant to do, because at the moment it is very difficult to know which are good and which are not good, even those that have already been linked in the market are also not necessarily good , because all that still depends on the applicant and also the number of requests to buy on the token.
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josgandosbro
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July 01, 2020, 01:27:00 PM |
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joining campaign already listing is actually not a guarantee that you will get a lot of money but at least joining campaign already listed guarantees that you can sell immediately. for pump and dump it all depends on the quality of the project. so always doing the research well
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Dariusburst
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July 01, 2020, 02:04:39 PM |
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Tokens can lose value anytime but it still depends on how good the use case of the token is, look at Cartesi bounty campaign, the project is good enough that its stable at 0.033$ to 0.04$ area, it's been months already, unlike many bounty projects that loses all value in days right after trading starts
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iv4n
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July 01, 2020, 07:04:03 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
It's not only you, and what you just described here happened before, probably more times that we know. With bounties anything is possible, we saw amazing scams here, and we read testimonies from people about who got scammed in zillion ways. I participated in few bounties, call it luck or a good research I never had problems, and I got some nice amounts of tokens that I transferred in ethereum or bitcoin, so I can't complain about bounties, but some people just rush from one bounty to another without any kind of research, they are blinded by huge promises, and they got in trouble later.
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