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Author Topic: BOUNTY HUNTERS: THE CARRIER OF ALL BLAMES IN NEW CRYPTO PROJECTS' PRICE DUMP  (Read 569 times)
Ridwan Fauzi
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September 30, 2020, 02:59:10 PM
 #41

It's not a policy when a project gets dumped and blames the bounty hunter. Why we don't blame the team behind the project itself? If they already know it they should have a more way to avoid it. Like the bounty distribution will be held in some part or when the token who has distributed can't be sold of them. The bounty hunter or investor must keep hold in several percent of the token that they got.

But, I do believe a good project will never have a low price when it was launched. A good project will back to the original when it was launched although the token price was decreasing before. Like now UNI token, when it was launched in several exchange the price of the token was increasing a lot, if the project is good the token price will be to original price or even it will passed it.

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October 01, 2020, 10:38:24 PM
 #42

I think the best solution to this price dump is give bounty hunters a reward with BTC ETH and other coins so that their coins will not be dump
So many times the hunters have already suggested about that but just think about why the dev wanna give native coins that have very good liquidity rather than give free tokens that is created for free from the smartcontract? The developers didn't wanna do that too.

Just look a bunch of complaints about that too. The decision is on the developers itself too.
The hunters have no power as the funds being hold by the developers.

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October 02, 2020, 05:38:50 AM
 #43

Developers hold more than 50% of the tokens, so do bounty hunters crash the price
Yes the topic does seem to be biased towards hatred against the bounty hunters from the developers. But what is important is that bounty hunters need to stop being bounty hunters. The reason why such scummy projects manage to spread is because there are people who are enthusiastic about a new bullshit token that will never be worth anything but they are willing to take a stack of that in their wallet.

Please get this in your heads, bounty hunting is a waste of time now. If you want to make money, get a real job and work hard on it. There are new signature campaigns happening every few weeks. Strive to reach a higher rank and join these campaigns if you want some side earnings in bitcoin.

I guess this is quite logical? Undecided

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October 02, 2020, 07:47:26 PM
 #44

Can't really blame them to act like that since they are investing their money and we're just bounty hunters. IMO we are partly responsible for the project's price dump, since most hunters (not all) after receiving the bounty reward, they will immediately sell the token and this has been the practice for how many years.
Maybe bounty hunters are not investing a huge amount of cash on the project but bounty hunters are investing their time and without them it can be very challenging to make the project a success, I know that many blame bounty hunters for dumping their coins but none of that will happen if the developers decided to pay their bounty hunters with bitcoin instead of using their coins, but they do not want to do that, and even then the supply assigned to the bounty hunters is very low, and in many cases this is below 1%, which is not really enough to justify the majority of the crashes that we see in new coins.



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October 04, 2020, 05:12:45 AM
 #45

I understand where it's coming from, bounty hunter don't buy coin so they can sell at whatever the price is. But bounty allocation is really not much, most of it only 1% from total allocation. By logic it really shouldn't affect the price that much. Investor who bought from presale are also selling their bonus coin and don't forget their team. I think it's combination from all that. It's not fair to only blame bounty hunter.

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October 04, 2020, 10:26:05 PM
 #46

Developers hold more than 50% of the tokens, so do bounty hunters crash the price
Yes the topic does seem to be biased towards hatred against the bounty hunters from the developers. But what is important is that bounty hunters need to stop being bounty hunters. The reason why such scummy projects manage to spread is because there are people who are enthusiastic about a new bullshit token that will never be worth anything but they are willing to take a stack of that in their wallet.

Please get this in your heads, bounty hunting is a waste of time now. If you want to make money, get a real job and work hard on it. There are new signature campaigns happening every few weeks. Strive to reach a higher rank and join these campaigns if you want some side earnings in bitcoin.

I guess this is quite logical? Undecided

Its the most realistic thing to do but there are people who do really like to gamble out their time and effort for bounty hunting and hoping that they would earn thousands of bucks from it
this is why we do continue to see projects that do float around every now and then which do make some bounty task for people to spread out their existence.There are a few which are legit
but majority of them are just shit projects which isnt really worth to advertise on but well this cycle would continue as long there are people who do advertise them just for them to get
those valueless or useless tokens in the end of the day. Signature campaign paid in bitcoin is much worth of the time and effort than on bounty hunting.

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October 05, 2020, 06:28:07 AM
 #47

Its the most realistic thing to do but there are people who do really like to gamble out their time and effort for bounty hunting and hoping that they would earn thousands of bucks from it this is why we do continue to see projects that do float around every now and then which do make some bounty task for people to spread out their existence.
This I agree with but I cant say that they really like to gamble. Maybe it is a one-off type of thing. A new user coming to this sector of making money might think of trying out bounties. They get some shitload of tokens but after 5months find out that the tokens have become worthless because someone dumped every last token. But this flow of new users keep on coming.

Quote
There are a few which are legit but majority of them are just shit projects which isnt really worth to advertise on but well this cycle would continue as long there are people who do advertise them just for them to get those valueless or useless tokens in the end of the day.
Majority, more like all of them. The days when bounties were worth doing were back in 2016-17 and after that or towards the end of 2017 each of them turned to be either an abandoned project, power struggles in management or just scams.

Quote
Signature campaign paid in bitcoin is much worth of the time and effort than on bounty hunting.
I think we can both agree to that point. Grin

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October 07, 2020, 05:36:47 PM
 #48

I understand where it's coming from, bounty hunter don't buy coin so they can sell at whatever the price is. But bounty allocation is really not much, most of it only 1% from total allocation. By logic it really shouldn't affect the price that much. Investor who bought from presale are also selling their bonus coin and don't forget their team. I think it's combination from all that. It's not fair to only blame bounty hunter.
Exactly, it is obvious the developers and the investors are using the bounty hunters as scapegoats for their failure, investors do not want to admit they made a mistake and in their desperation they will try to blame anyone expect themselves for this and the bounty hunters are an easy target, on the other hand the developers do not want to admit their failure either and they can always blame the bounty hunters as people that do not believe in the project and that caused the crash that eventually destroyed the faith on the coin but such an accusation is absurd when you really think about it.



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October 11, 2020, 09:52:55 AM
 #49

I understand where it's coming from, bounty hunter don't buy coin so they can sell at whatever the price is. But bounty allocation is really not much, most of it only 1% from total allocation. By logic it really shouldn't affect the price that much. Investor who bought from presale are also selling their bonus coin and don't forget their team. I think it's combination from all that. It's not fair to only blame bounty hunter.
Exactly, it is obvious the developers and the investors are using the bounty hunters as scapegoats for their failure, investors do not want to admit they made a mistake and in their desperation they will try to blame anyone expect themselves for this and the bounty hunters are an easy target, on the other hand the developers do not want to admit their failure either and they can always blame the bounty hunters as people that do not believe in the project and that caused the crash that eventually destroyed the faith on the coin but such an accusation is absurd when you really think about it.

Not just for their failure, I think some developers are just using hunters as an excuse to dump there own token anytime they sees an opportunity to do so, we can't deny that some dev are very greedy, as soon as the reward of hunters are about to be distributed or already distributed they will decide to dump their share as well making it look like hunters are at fault.

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October 12, 2020, 01:04:59 PM
Merited by nicecrypto (1), Miaallen (1)
 #50

.....
- High quantity of bonus to the investors:-
- Hasty Listing on exchange:-
- The exchange selected for listing:-
- Greed by the investors:-  

i think among all the reason that was pointed out, the above are the major reasons that affect project to increase in price,
most of project team don't usually have their own personal funds to finance their project, they seek support from angel investors or private investors whom they offer very high bonus just to get them to invest, and we know what happens once that token is listed on the exchange,

the kind of exchange to be listed also plays an important role, however, most top level and middle level exchange are expensive, some project don't even have enough funds for project development let alone to list on this exchange, thus they will find themselves in the low level exchange that will only help to kill the project even further,

between investors of this days are only concern about short term gains, once a token is listed on any exchange, most investors will liquidate their holdings immediately without wasting time, so it goes hand in hand in both team, investors and hunters (because hunters will liquidate all their reward immediately it has been distributed)

so i think it is time for dev team to re-visit this point and use them as a comparison to make plans for future project launch.

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October 12, 2020, 05:18:05 PM
 #51

Exactly, it is obvious the developers and the investors are using the bounty hunters as scapegoats for their failure, investors do not want to admit they made a mistake and in their desperation they will try to blame anyone expect themselves for this and the bounty hunters are an easy target, on the other hand the developers do not want to admit their failure either and they can always blame the bounty hunters as people that do not believe in the project and that caused the crash that eventually destroyed the faith on the coin but such an accusation is absurd when you really think about it.

Not just for their failure, I think some developers are just using hunters as an excuse to dump there own token anytime they sees an opportunity to do so, we can't deny that some dev are very greedy, as soon as the reward of hunters are about to be distributed or already distributed they will decide to dump their share as well making it look like hunters are at fault.
I am not an expert on bounty hunting and all the tactics that developers may use to try to blame them however what you say makes perfect sense, after all for the most part the developers are the ones that decide when to give their coins to the bounty hunters and as such they can use this knowledge to do insider trading and take advantage of this and sell a bunch of coins in the market and then blame bounty hunters because of it, however anyone doing that should be reminded of something, that is illegal and the authorities may come knocking on your door if you keep doing this.



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October 12, 2020, 06:56:15 PM
 #52

This is a very nice post or review about what happens in most projects where bounty hunters are always seen as the perfect fit to channel blames to. There are different cases to this ill acts on bounty hunters and you carefully stated them out.
There are most projects out there which locked up bounty rewards for months or a year and yet the project failed and others delayed bounty rewards and yet the price dropped terribly, thus it can be seen that in both cases, bounty hunters didn't get their rewards and yet the project failed which goes to prove that, bounty rewards which is of course a very small allocation, do not have the power to cause the downfall or price drop of any project. If rewards can be delayed and locked up for a long time and yet the project fails shows the team are always to be blamed in whichever case.
Nowadays, the team have learnt a new thing which is, distribution in phases and yet the price keeps dropping, therefore it means that, the team should stop thinking of locking bounty hunters rewards and focus more on their project and how to keep it growing, because if a project is worthwhile most hunters won't sell as they know what is obtainable.

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October 13, 2020, 08:07:11 AM
 #53

This is a very nice post or review about what happens in most projects where bounty hunters are always seen as the perfect fit to channel blames to. There are different cases to this ill acts on bounty hunters and you carefully stated them out.
There are most projects out there which locked up bounty rewards for months or a year and yet the project failed and others delayed bounty rewards and yet the price dropped terribly, thus it can be seen that in both cases, bounty hunters didn't get their rewards and yet the project failed which goes to prove that, bounty rewards which is of course a very small allocation, do not have the power to cause the downfall or price drop of any project. If rewards can be delayed and locked up for a long time and yet the project fails shows the team are always to be blamed in whichever case.
Nowadays, the team have learnt a new thing which is, distribution in phases and yet the price keeps dropping, therefore it means that, the team should stop thinking of locking bounty hunters rewards and focus more on their project and how to keep it growing, because if a project is worthwhile most hunters won't sell as they know what is obtainable.

You know i think in a away this partial payment introduce by most project teams are a blessing in disguise, just like you have already pointed out, many project still suffers a huge price drop even with the partial payment to hunters,  which in this case vindicate hunters off this baseless accusation,
time and again it has been said that the percentage allocated to bounties are too insignificant to affect price, but for some selfish reasons project team want investors and supporters to still believe in that,

And which further establish the fact that the huge amount given to private investors are the major reason and probably the team secretly dumping on investors (which there are many instances) i expect by now that notion must have been corrected in the mind of the investors and project team should stop misleading people with this irrelevant accusation on bounty hunters.

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Shef198911
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October 13, 2020, 05:37:59 PM
 #54

as we wrote above, you always need to find someone to blame, and hunters are really suitable for this, despite the fact that investors have a number of tokens many times more than hunters, and it is not fair to blame the hunter for this, someone invests money getting tokens, and someone works for this, spending their time and effort, but in the end it turns out that

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October 17, 2020, 01:32:03 PM
 #55

Hunters are "Always had been, and always will be" the one taking the blame. Im not quite sure if this will stop any time soon. I guess hunters are just use as one of the scapegoats or reason of a mismanaged / failed project.
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October 17, 2020, 10:26:06 PM
 #56

Hunters are "Always had been, and always will be" the one taking the blame. Im not quite sure if this will stop any time soon. I guess hunters are just use as one of the scapegoats or reason of a mismanaged / failed project.
Nah i do agree with it, the main problem was on the mismanaged by the team but the team was putting the bounty hunters as a barrier and then when investors were blaming due to the price decrease or something else and it will be seeing the hunters as the main reason even when the bounty tokens are not yet distributed too.

That's quite strange if investors didn't even manage their mind to think about it correctly.

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vaultman
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October 19, 2020, 11:32:24 PM
 #57

If the project is worthwhile, then after the distribution of rewards for participation in the bounty in campaigns, it will, of course, drop in price, but in the future it will keep "afloat", or even increase in price. Otherwise, nothing will help if the project itself does not really represent anything.

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October 20, 2020, 02:46:42 PM
 #58

I dont know why some think that us bounty hunters are the ones to blame when the price of coin dump,  a carrier of blame and sometimes no payment or reward coming from the project itself.

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