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Author Topic: I guess bounty hunters really kill projects  (Read 2275 times)
kidbounty
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November 05, 2020, 04:56:15 AM
 #161

Bounty Hunters kill Project?
 This is really ridiculous, how is it possible that only 3-5% of the total bounty pool can make the price in the market fall so deep. I think the project died not because of the bounty hunters, but by the development team itself. those who make the project die. those who dump the market, and those who make stupid promises.

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November 05, 2020, 05:21:00 AM
 #162

Since i know about bounty and i do it they campaign, this incident will definitely happen.
Token or coin will be dumb after distributed. But i think bounty hunters weren't the only ones causing coin prices to drop.
And for now it's not only YOUC coins that experience this, because almost all coins are currently experiencing a decline in price.

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November 05, 2020, 05:31:51 AM
 #163

Bounty Hunters kill Project?
 This is really ridiculous, how is it possible that only 3-5% of the total bounty pool can make the price in the market fall so deep. I think the project died not because of the bounty hunters, but by the development team itself. those who make the project die. those who dump the market, and those who make stupid promises.
Indeed, it is not entirely bounty hunters fault, actually hunters are also victim here. They cant also sell their tokens if the price is dumping drastically, the allocated rewards cant move the market to dip but why this is happening? The dev and team are the one responsible for this for not doing their job to prevent this kind of scenario from happening.

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November 05, 2020, 06:00:53 AM
 #164

Bounty Hunters kill Project?
 This is really ridiculous, how is it possible that only 3-5% of the total bounty pool can make the price in the market fall so deep. I think the project died not because of the bounty hunters, but by the development team itself. those who make the project die. those who dump the market, and those who make stupid promises.
Yes, all of that goes back to the project developer, because they made the project and they also know how to turn it off directly, because obviously it would not make sense if the bounty participants could kill the project, which basically they (bounty participants) themselves are paid for by the project and the project also requires bounty participants for maximum promotion.
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November 05, 2020, 07:45:26 AM
 #165

The concept of this project is why I don't join the promotion part 3 and 4, I noticed that there are too many competitors already, also the team aren't planning to use any top exchanges to raise fund, instead they use small exchanges, the team aren't professionals TBH

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November 05, 2020, 07:46:49 AM
 #166

Youenging is not the best example to show how bounty hunters killed project.

If OP had received about 300 tokens, that means he was among first to receive bounty reward. On the first day around 60 addresses received their reward. That is roughly 15k tokens. Anyone still believes that 15k tokens out of 9,000,000,000 circulating supply could impact on the price so much ? That is nonsense.

 
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November 05, 2020, 07:49:28 AM
 #167

Bounty hunters help to promote projects and I doubt the majority of the projects will be in their current place without asking for bounty hunter's help. It's normal for bounty hunters to reap what they had worked for since this is their reward for helping the project succeed in their token sale. They should consider blaming big whales who sell out once project is listed in a decent platform.
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November 05, 2020, 07:59:09 AM
 #168

It's over for this project, from 0.10$ to 0.0008$, is it even possible for this project to recover? I don't think so, the team will have to do the impossible before this project can recover, since they failed to raise enough money they should have distribute only few part of the bounty allocation to avoid price dump.
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November 05, 2020, 08:19:38 AM
 #169

It's over for this project, from 0.10$ to 0.0008$, is it even possible for this project to recover? I don't think so, the team will have to do the impossible before this project can recover, since they failed to raise enough money they should have distribute only few part of the bounty allocation to avoid price dump.

Latest news is they are distributing the whole bounty for their promoters, not distributing is the fastest way to lose your reputation, they should honor their commitment and trust that they have something unique and big to offer to the community, bounty hunters can dump but if developers continue to develop their platform and their road map recovery of the price is going to be on the way,
It's very impressive that the team still keep their promise after they failed to meet their target funds, I'd say this team are adding some credibility and trust to themselves, now what baffles me is the next solution out of the dumping state once the distribution is over, I hope the team have a plan for that.

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November 05, 2020, 08:41:02 AM
 #170

Coin price dips can occur when it is listed on the exchange however I am not sure if the dump happened due to bounty hunters. To put it simply that not all bounty hunters sell all their tokens, I'm still sure some will still have them. after all, early investors held more tokens than bounty hunters. Is not it?

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November 05, 2020, 08:51:29 AM
 #171

The reason why this token dumps this much isn't bounty hunters doing, yes bounty hunters have the right to do whatever they want with their earned tokens but this is different, before distribution starts this token has very very low volume, that's it, no matter what a project is been made of, if their is too low volume it will dump, there are lesser buyers and more sellers, it's simple as that.

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November 05, 2020, 08:53:19 AM
 #172

The project is not demanding at all, investors see no reason to buy this token as old, again the team use bad exchanges like tokpie and p2pb2b, what were they even thinking? The fault isn't the bounty hunters, it's the incapable of the team that get the project to where it is today.

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November 05, 2020, 08:59:49 AM
 #173

As a participant of their bounty campaign, do you feel that you are able to make their token price drop with the number of tokens you have ?
If their project is a good enough project, I don't think there is any way their token price could fall like that just because their bounty campaign participants sold the rewards they got.



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November 05, 2020, 09:05:07 AM
 #174

the decline of coins depends on the supply & demand in the market, but in fact some bounty hunters are ready to sell at any price and it is their right, because they honestly get the token and can do whatever they want after getting it. So if you think the culprit is a bounty hunter then that's natural. at least to make up for their efforts in promoting the project.

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November 05, 2020, 02:14:08 PM
 #175

I think it is not 100% because of hunters, but the liquidity of the token is affecting the price too.
The team was allocating huge reward for bounty campaign, but the liquidity of the token on exchanges is poor,
no wonder if the token price is very very dump once the bounty reward distributed to the hunters.

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November 05, 2020, 02:25:05 PM
 #176

I don't know why people are complaining about this project, the token is listed and small exchanges and the token has only small liquidity, what do you expect will happen on the long run? What the team did wrong is not sending out the tokens to bounty hunters at once, this means that those who get paid first will be able to sell at good price than those who get paid later

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November 05, 2020, 02:36:15 PM
 #177

I think it is not 100% because of hunters, but the liquidity of the token is affecting the price too.

Daily trading volume is laughable. Low volume means no buy orders. No demand on YOUengine. What is strange, because their products looks interesting and it has a great support from community and team. It is better to wait for Feb 2021 YOUapp launch. Btw YOUengine is a good example how hunters dumped the price, filling all available orders.

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November 05, 2020, 02:46:22 PM
 #178

The problem here is no one is buying this token, Youengine is not attractive to investors that's why all this is happening presently, lack of volume and liquidity will easily make a project dump in price, this isn't bounty hunters fault
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November 05, 2020, 02:49:01 PM
 #179

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?
no wonder the YOUC price dropped quite significantly because before the distribution for Bounty participants occurred, I saw YOUC daily volume in the market was quite low so that we can judge that there will be a fairly strong price decline when Bounty participants receive tokens.

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vaultman
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November 05, 2020, 02:52:45 PM
 #180

In fact, it was very predictable because the distribution of tokens was from the smallest amount to the largest. At the end of the list, people had more than 100 thousand tokens to receive tokens. Obviously, most people will sell tokens on the first day after the distribution, which will lead to a large drop in the price of the token. Next time, consider these points.

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