I guess bounty hunters really kill projects

[bigcash2011]

Hey guys, I just want to share my thoughts today about this, I have always said "bounty hunters are not the ones killing projects", but now I'm having second thoughts about it, I participated in youengine bounty campaign for about a week, although it lasted for quite a while,the bounty had about 4 rounds, the bounty ended about a week ago i guess and distribution of  "youcash" started, I received about 307 youcash tokens as shown below

By 8am this morning the 307 tokens was worth $10+, i didn't sell, I held on to it, to my greatest surprise this evening I checked my wallet and I saw that the 307 tokens are now worth just 0.35$

Although it recovered later, but it's not looking good at all, I guess this dump is caused by the bounty hunters because they just keep dumping the token, what about you, what do you think is the cause of this massive dump?

I can feel your frustration but keep calm, if the project and team is really good with solid product then this dump will prove to be short term only and price will recover after most people sell.
I participated in perhaps the 1st round of youengine campaign and i will not sell till price grows nicely and i expect the price to grow as overall bull cycle is also getting started in the market.

[aemma]

When you work for someone, a company or a platform and gets paid, you decide what to do with it. If bounty hunters kills projects, why then are project teams still coming for their services or promotions?. That a token dumps in price after bounty distribution is not hunters faults, they are only selling the reward for their promotions. Come to think of it, what about projects that refused to send bounty tokens at the right time and in the cause of that, leads to dump in price and then they pays wherein the reward is now very low, when hunters sell at that low reward and hence causing more price dump, will you blame them? No.
Also, there are still projects that distributed their bounty tokens and yet the price was not too affected. Therefore, no matter how we look at it, the problems is not from bounty hunters neither do they kill projects. The team should channel their energy into making sure their project is worth it, and this way having more investors.

[Traderbtcc]

If Youengine has cause to exist and has utility and the project will survive the dumps, I think it will still go up. So you have two choices, you can either wait for the price to go up or you can dump for your $0.35. The project didn't die yet so it's up to what you believe about the project. But what would you do to that $0.35? lol

Bounty hunters dump, they do it all the time even to the most successful project.

I believe it can survive but it has so many top competitors to compete with, so let's just see how things turn out to be.

But what would you do to that $0.35? lol

Haha, nice joke mate, of course not, I think I'm gonna hodl this one, maybe wait for it to hit 10$ mark again then I'm gonna sell it off, dumping it for 0.35 is as good as not having it  in my wallet all  .

you can save the Youcash tokens that you get from the bounty, which knows that in the next 1-2 years the price could be higher than now, if their team and company really care about the YouCash token penetrating the market, That's what you can do.

That's exactly what I'm planning to do, I will just save it there in my wallet and forget about it, then maybe check up on it once in a while, if Youcash really wanted to hit the market big time they should have listed on top exchanges, cus i don't think listing on small exchanges where orders will take long to fullfil can help them accomplish whatever they have in mind, but I pray the project becomes successful in the future, that's if they survive the market pressure.

[Johnyz]

well. i disagree. bounty participants do not get so many coins. if bounty hunters can dump the price it means that volume is low and volatility is high. it is possible only for crap projects.

The volume of reward is not the whole supply of the specific project so bounty hunters should not affect the whole project and can’t kill the project. Let’s not blame the failure of the developer to the bounty hunters because we are just doing our job and the developer job is to make sure that there’s a demand for that token. I don’t believe that hunters can kill a project, this is too impossible to happen not unless you participated on a shit project.

[MCobian]

It is unfair to directly blame bounty hunters, there is still a possibility that the project price is dumped due to whales or early investors.
And don't be surprised what happened when projects were first released on exchanges, if we didn't sell our coins quickly, we can lose
the opportunity to sell it at a high price. But if the project does have a good projects team, surely it can make the project price go up again.

[TimeTeller]

No your perception is wrong bounty hunters worked on that project to it's success and it's their prerogative to sell dump or hodl their stakes and it should not be questioned, fact number one bounty hunters gets a small portion of the entire supply of the token 2% the lowest and 10% the highest, not only hunters can and will dump it other early investors who already realized their profit also can dump.
Second if the project has potential in the market and they have a good platform it will have no problem recovering from the dump.

I am with you here. If the project has strong foundation, they can always recover from the dump.
This should not last long and if they do have good liquidity, they can rise up again.
But if the project is crap, then, don't expect that you will still get something valuable here.
The amount given to hunters is very small as compared to what the team has.
They can blame hunters but it is their platform that is not strong.

[kawetsriyanto]

Well, seen from this case, it can learn that:
1. The bounty hunters that have received their reward sell their token directly after distribution because they are afraid of the dumped price that they may have later
2. the first reason is reasonable because if we see the total allocation of the rewards for bounty hunters is so big so that if it is compared with the token in the market, it will be dumped so easily.
3. Not only that case, but the team also cannot manage the distribution very well moreover considering the bounty allocation that is too much, I see many members get the rewards till a hundred thousand.
4. The rice will be dumped so easily when there are higher people selling the token that the order buys on the market.
5. Not only the bounty hunters that sell the coins so dump but also the whales of the investors who want to get very cheap price token at that time

[samcrypto]

Youcash bounty allocation is so huge, and the bounty runs for 4 phases and the team distributed it at once for all phases, that's the reason why this coin dump sharply. Because the wrong strategy

If the team change the strategy and distribute it every end of the phase, we will not see dump price like this

A great management skills to analyze how the bounty hunter works can be a big thing, a saw a campaign like this under Bubbalex and yes, he successfully handle it and the price didn’t dump that much.

Beside, the allocation is not that big for the hunters so its too impossible to kill the project with that numbers, if there’s no buyers of that token then that is the problem of the developer, stop blaming the hunters because we are doing our job and its our right to receive the reward on time.

[btc-facebook]

Youcash bounty allocation is so huge, and the bounty runs for 4 phases and the team distributed it at once for all phases, that's the reason why this coin dump sharply. Because the wrong strategy

Actually distributing all the prizes directly is not a mistake as long as the team has made preparations and buy back the coins, unfortunately the team did not think about it, so this is not the fault of the bounty hunter,
Gradually distributing is not a bad idea, but it would be dangerous if suddenly the team leaves and the project becomes a scam.

[ilovealtcoins]

Before commenting that bounty hunters destroy projects, we need to consider the total bounty and the quality of the project.
Total winnings are clear when the bonus chain is generated. Based on the number of participants we can estimate the value each will receive but poor project liquidity will result in a decrease in the value of the project after the distribution of the bonus. We should not blame hunters. If the project is listed on multiple exchanges, has high liquidity and good project quality, then the project's tokens distributed to hunters will not be the cause of the price drop.
The hunters did their part and they were not wrong in selling what they received. The bounty program organizer should plan to distribute tokens in the bounty campaign properly to avoid slippage.

[smyslov]

It's not only Youc but the whole projects in general where bounty hunters dump their share of token, you cannot ask or request bounty hunters not to sell their shares it's their shares it's coming from work they've done, it's an investment effort it's their alone if they choose to dump they should not be questioned, everything depends on the project's potential if investors see something good on the project they will just buy tokens that has been dumped, and the token/coin will eventually recover, we have seen it on so many great project.

[gabbie2010]

If Youc projects is a good one with prospect and handled by experience team then there is no need to panic about the dump in its price.
Almost all tokens often experience a massive dump when listed and when bounties is distributed this can also be attributed to some investors who bought massively at pre-sale with bogus bonuses thus capitalize on the opportunity to sell at listing when the price was very high.
Bounty hunters shouldn't be blame for the dump in Youc token they received small portion of the entire bounty.

[Skadi360]

We cannot blame them because bounty hunters also work hard to promote the project. It depends om the project if they hold the bounty tokens for a months or year. There’s also a way to avoid massive dump if they want to have a bounty campaign they will pay fiat instead of tokens.

[matchi2011]

If Youc projects is a good one with prospect and handled by experience team then there is no need to panic about the dump in its price.
Almost all tokens often experience a massive dump when listed and when bounties is distributed this can also be attributed to some investors who bought massively at pre-sale with bogus bonuses thus capitalize on the opportunity to sell at listing when the price was very high.
Bounty hunters shouldn't be blame for the dump in Youc token they received small portion of the entire bounty.

It's always been like that, hunters being blamed when the price fall after being listed. Small portions of rewards can't do any
harm from the project itself if the team really focus with the project.

The token that being dumped and yet gained it back are project that have a good set up plans. The team anticipates what possibilities
can happen and never being bothered with short term downfall as they have plans bringing it back.

[shoreno]

lol i laugh a bit upon reading your story sorry for that . i laugh because the price instantly drop . i havent  check the actual stats of the coins but i think it dumped over  a hundred percent based on the total value of your coins .

about that youengine many are saying negative but they did pay and you are the proof but only the price are not cooperating . how can you be so sure that the major drop was caused by bounty hunters , do we have an accurate indication for that ? or tools to know if hunters are really causing the dip . your also a bounty hunter so your blaming your self too

[nutildah]

The real problem is that this was a scam project and a cash grab from the beginning. No doubt some bounty hunter token dumping contributed to the collapse of YOUC but the timing you describe makes it sound like there was a lot of insider dumping that preceded it. And then of course there's no one wanting to buy it, which is also a problem. I just assume most altcoin projects are scams to begin with and that way I'm seldom disappointed.

[Shadovka]

Hey guys, I just want to share my thoughts today about this, I have always said "bounty hunters are not the ones killing projects", but now I'm having second thoughts about it, I participated in youengine bounty campaign for about a week, although it lasted for quite a while,the bounty had about 4 rounds, the bounty ended about a week ago i guess and distribution of  "youcash" started, I received about 307 youcash tokens as shown below

By 8am this morning the 307 tokens was worth $10+, i didn't sell, I held on to it, to my greatest surprise this evening I checked my wallet and I saw that the 307 tokens are now worth just 0.35$

Although it recovered later, but it's not looking good at all, I guess this dump is caused by the bounty hunters because they just keep dumping the token, what about you, what do you think is the cause of this massive dump?

I beg to differ your opinion on this if a project is scared of dumping tokens by the bounty hunters then the project most probably does not have self worth in the first place, i believe that if a project is able to show itself worthy bounty hunters and even more investors will wish to hold its coins/ invest in their coins and bounty hunters jobs is to only help the company to publicize the project and they are just getting back what they should be getting.

[bryant.coleman]

I can't even find this coin in Coinmarketcap list. I found it in CoinGecko, but its absence from CMC is a big red flag. If the project was not a scam, then in all probability they would have listed this token in CMC. And the price drop is really stunning. The token lost more than 95% of its value in just two weeks. Do you really think that this much drop is just because of bounty hunters dumping their rewards?

[unusualfacts30]

Very few percentage of tokens are given to bounty hunters, rest is with investors and owners You can check that with any project and you'll see generally they give 1-10% of total tokens which is not really that much to cause market crash. Even if bounty hunters decide to dump at the same time which rarely happens, it doesn't really effect the project in long term and it recovers fast due to big investors if there are any. If it isn't recovering within few days chances are that it is being done by investors and owners with very few percentage of hunters who are just trying to escape the loss of their hard work.

Most sensible project have a plan in place to buy anything that is dumped by hunters.

[X-ray]

about that youengine many are saying negative but they did pay and you are the proof but only the price are not cooperating . how can you be so sure that the major drop was caused by bounty hunters , do we have an accurate indication for that ? or tools to know if hunters are really causing the dip . your also a bounty hunter so your blaming your self too

It seems like he is a new people that participated in the bounty campaign. If YOUC will be the same as the successful project like DIA and this complaint will never appear.
Low volume combined with a lot of coins to be distributed to the bounty hunters.
There's no reason to say it will not be dumped. Small volume can do nothing to keep the price.

Some traders have been starting the dumping before the distribution of bounty and the pressure from bounty make it even worse.