I guess bounty hunters really kill projects

[Traderbtcc]

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?

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[batang_bitcoin]

It is no surprise that dumping comes often when the project was just recently launched. And dump is being done by almost everyone who have bought the project, who made the project, who participated with the project. It's a combination of all those people who holds the token. But mostly, it's caused by the whales who are holding those tokens. This is becoming the norm for the newly launched projects, you become late to sell it then you'll miss the higher price that you should about to sell it. Also, check how much is the percentage of tokens from the total supply of the project is allocated to that bounty to think that the dump is caused by bounty hunters.

[Lordrift]

This is becoming the norm for the newly launched projects, you become late to sell it then you'll miss the higher price that you should about to sell it. Also, check how much is the percentage of tokens from the total supply of the project is allocated to that bounty to think that the dump is caused by bounty hunters.

Just like he said, the dump doesn't entirely come from the hunters. It also comes as a result of the trading frequency on the exchange sites. And this tokens may later turn out be successful or lost as a whole.

[Ratash]

In some cases the bounty hunters are a reason for the coin dump but there are a lot of projects that maintain their price even after bounty distribution and some tokens fall even if there is no bounty campaign.
Bounty hunters do care for the project and do not sell their tokens soon because some bounty campaigns take a long time and if the tokens are worth 10$ for example then thats a loss because of the work bounty hunters invest in these compaigns.

[kevinzxz]

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 think this happens because the volume of the coin (YOUC) is not high and still low (unstable), so it makes the price go up and down very quickly, but I believe if the project has good products and ideas then the price and trading volume of the coin it will definitely increase, so my advice is that you better hold it until the volume of the coin becomes high (stable) and the price will definitely increase too.

[robelneo]

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.

[Salauddin1994]

It is true that grace hunters really kill projects as they bring different tokens and currency to the market because investors are showing high prices but when the bounty ends their value goes down a lot in that case dumping the tokens will hurt the investors a lot so it should not be kept too long. Teams can't manage their projects properly lack of adequate knowledge lowers the value of tokens and makes recovery much more difficult.

[Jeger.Kiting]

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?

We must not unilaterally argue that bounty hunters are the cause of a significant drop in prices, have you never seen the occurrence of several projects before that the Emirex project which has a value of 0.46 dollars, before the bounty hunter token was opened and first when the token for investors was opened The decline occurred even a decline of almost 50%, and this is busy talking about in altcoin discussions, so it is not surprising if we see some projects that have experienced massive price drops in all markets, even though the market price has improved but their needs we do not know, and no there is a compulsion for them to hold or throw it away ..

[SlimShadyMmp]

Presalers and bounties can all turn against you when the odd is in their favour mate. Even great projects suffers dumps, i think the most important thing is how it survives after the dumps There are projects that start from like 1 to 100s So I think if they have great concepts they will survive it

[judeafante]

I do not agree that bounty hunters are the one killing the project, they do dump but the development and promotion of the project lies very much on the hands of the developers, they are the one who can make the project attractive to investors and they are the one who promised to develop a platform, that is why investors come and invest on their project.

[jrrsparkles]

If the token is not that much worthy then why they allocated such huge part as bounty rewards, project need to have enough liquidity or else it is going to hit the deep down when bounty rewards send to participants. If project don't want the dump then they can pay in Bitcoin and let their competitor like bitcoin to dump.

[bluebit25]

Unfortunately for you, just like many previous projects have appeared. I also saw the YOUC but I didn't appreciate it, since it had too much of a token distribution to the hunter and they left it at a high value. But with this project, the buyers and sellers are mostly bounty hunters and there will be no investors here. That was the end of a pointless project.

[Dragonfund]

It was your choice to hold for long term buddy, you can't blame anyone for not holding. They work for good 4 month, they were paid for their hard work, you can't tell anyone to hold or not.
Looking at the volume, YOUC volume was so low, you should have seen the dump coming, the price was good the volume wasn't great enough to handle those token they share to hunters. When order book is small( no buyers in this case), market order can do huge damage to any market.
While the market is still friendly, sell and move on. There are better opportunities out there.

[YOSHIE]

This kind of thing is mostly experienced by bounty hunters, where they have to work 5-6 weeks with minimal income, sometimes also ending up with bounty scams without token payment.

There was also one year of work with a yield of only $ 20, this is often the case with bounty hunters.
OP, 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.

[LogitechMouse]

You are saying then that the cause of the massive drop of the token you got is the bounty hunters?
See the total allocation that is being given to the bounty hunters first.

Bounty hunters are one of the causes of the token to drop yes but the main reason of the drop is the team itself too. As they listed the token in the exchange, the team/devs and the exchange owners themselves immediately selling the token so that they can get profit. Bounty hunters may able to sell their token but at a lower price already. I know this because I tried to sell my bounty tokens that I got too 2 years ago. I sold them but at a much lower price already but still that is 100% profit.

[cabron]

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.

[FairUser]

This kind of thing is mostly experienced by bounty hunters, where they have to work 5-6 weeks with minimal income, sometimes also ending up with bounty scams without token payment.

There was also one year of work with a yield of only $ 20, this is often the case with bounty hunters.
OP, 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.

Your share is very close to the reality of bounty, right from the start to learn about and contribute your work to projects with bounty. I see a lot of unexpected projects, this one i see is similar.

Basically when i see the project, i see everything is quite clear, maybe their bounty is just for introduction and attraction, as you say in the crypto space, there are many projects that have developed. long to be successful.

[coin-investor]

The success of the project in a long term is in the hands of the developers, the market just react on how a project is being developed if I see a project with good development and platform I will have second thought of selling my share, why should I when in two or three years the coin/token could be worth ten times of the current price.

[TopT3ns]

The success of the project in a long term is in the hands of the developers, the market just react on how a project is being developed if I see a project with good development and platform I will have second thought of selling my share, why should I when in two or three years the coin/token could be worth ten times of the current price.

well, I really agree with what you said because as long as the developer has a good plan and can make the token that is owned can be used for many platforms it will still give a good price, but when there is no support from the developer, the price of the token on the exchange will collapse And that's not the fault of the bounty hunters.

[Greatdev]

The team should have make volumes and liquidity available for the project, why did they list on coinbene and p2pb2b exchange? What do you expect? If you think the project use case is good then hold, I can see that the team are planning to list on bigger exchange soon.