I guess bounty hunters really kill projects

[pixie85]

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.

Most tokens are worthless and get dumped that's something to be expected. Anybody who complains about it don't know the realities odf the altcoin market and the value of most bounty rewards and airdrops. They used to be worth something when ICOs were booming in 2018 but now it's mostly a waste of time.

Tokens have low liquidity, don't get listed, get listed on shady exchanges, require KYC and it takes months for them to be listed.

[1714763472]

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[1714763472]

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[pandanaran]

I am also confused about this project, even though the Youcash project has been listed on several exchanges such as Latoken, P2p2b, bitforrex, Tokpie. but in fact the trading volume there is very small, I don't know whether this is due to liquidity or not. But if this decline is caused by bounty hunters I don't think it's possible.

[hossamdz]

You are totally right mate , i personally participated in the bounty and i spent lot of time in sharing posts / topics on social medias but at the end i found that all my effort goes for nothing , the token worth almost few satoshis only and im sorry to say i wasted my time on it , at least for now .

[Anyobsss]

You are totally right mate , i personally participated in the bounty and i spent lot of time in sharing posts / topics on social medias but at the end i found that all my effort goes for nothing , the token worth almost few satoshis only and im sorry to say i wasted my time on it , at least for now .

There are so many factors for dump tho. We can't just blame the dump to bounty hunters although we are part of it. It is pretty normal for dumps to happen after exchange launching. Those who bought the tokens and the team itself dumps token to get some profit.

[Innocant]

Im always experience on this if we participated a bounty campaign working long week and then in then end of bounty we wait for the distribution and first look of the price in the exchange site was in a high price but after the distribution we are going shock of what happen the price was go down so much, Then we dont have any choice we need to hold it until the price go back again into a high price maybe it will take more years before that happen.

[abdulodoi]

I do not believe the sole reason why value of coin drops is because of bounty hunters. Mostly when a coin has very low liquidity during bounty distribution, most bounty hunters off course are expected to sell their token as they've worked hard to earn it. However, when majority sells coins at the same time, it will have major downward effect on the price.

Bounty hunters can't be blamed for this, it's just the nature of the market. If there is no liquidity it's easy for coin price to dump

[Strotman]

The calculations presented by TS are uninformative and I can't even call it an analysis. Well, the conclusions are so far-fetched at all, since anyone could dump the coin rate, but it's always more convenient to blame bounty hunters.

volume and other indicators should also be displayed if you want deeper analysis. whereas what is currently available is only an outline, it is not in-depth.
Bounty hunters are often the scapegoats. Even though there are many factors that make the coin or token holder very weak in the market. So that the price can be dumped just because of the bounty hunter. I have encountered many other strong projects, which can still maintain prices even though bounty hunters sell a lot of rewards, even if they go down, the price can go up immediately.

It seems to me that if the project was completely confident of its success, then the payment for the work of bounty hunters would be in a stable cryptocurrency. And instead of blaming, as an option, they can offer to buy tokens from bounty hunters at the market price after the campaign ends. Thus, the course will be preserved and show the developers ' confidence in the future))

[24Kt]

I do not believe the sole reason why value of coin drops is because of bounty hunters. Mostly when a coin has very low liquidity during bounty distribution, most bounty hunters off course are expected to sell their token as they've worked hard to earn it. However, when majority sells coins at the same time, it will have major downward effect on the price.

Bounty hunters can't be blamed for this, it's just the nature of the market. If there is no liquidity it's easy for coin price to dump

I don't know if the team are expecting that these hunters will not sell their rewards. Of course, they will sell it once they received their tokens. That's the reason why they participated to begin with. To earn something. So if the project dumped so hard and they can't go back, it means the project is crap. Because the amount sold by these hunters are very small and nothing compared to what they have. They are not in anyway should be the major impact on their price dump. If they can provide good liquidity, they can always rise up again.

[electronicash]

I do not believe the sole reason why value of coin drops is because of bounty hunters. Mostly when a coin has very low liquidity during bounty distribution, most bounty hunters off course are expected to sell their token as they've worked hard to earn it. However, when majority sells coins at the same time, it will have major downward effect on the price.

Bounty hunters can't be blamed for this, it's just the nature of the market. If there is no liquidity it's easy for coin price to dump

I don't know if the team are expecting that these hunters will not sell their rewards. Of course, they will sell it once they received their tokens. That's the reason why they participated to begin with. To earn something. So if the project dumped so hard and they can't go back, it means the project is crap. Because the amount sold by these hunters are very small and nothing compared to what they have. They are not in anyway should be the major impact on their price dump. If they can provide good liquidity, they can always rise up again.

this is also the reason why the team will have to arrange pay after a month or two before distributing the tokens. they know the tokens are going to be dumped so if the team sets a date to distribute the tokens at east a month after the campaign they will also expect no complains regarding it.

bounty hunters are like investors too, they will always sell even after months as long as the price is good.

[b1k4ng]

If you say that the bounty hunter causes dump, it means that you are not familiar with crypto, I mean you should first look at the volume on the exchange, because if the project has a large volume there will be no dump. so it all depends on market demand and project quality

[Francis Freeman]

If you say that the bounty hunter causes dump, it means that you are not familiar with crypto, I mean you should first look at the volume on the exchange, because if the project has a large volume there will be no dump. so it all depends on market demand and project quality

Absolutely couldn't have put it any better. The only projects which are concerned about price dumping due to hunters are the ones which failed to raise enough money through sales and those which don't have enough liquidity or buyers .

[killerfrost]

Price depends not only on bounty hunters, but on the team decisions too. IF you launch campaign with big budget, without lockups and your trading volume is quite low - hunters will dump the coin for sure, but you can make rules like three phase distribution, allocate small budget for campaign, open more markets, launch staking programs. In that case hunters will not change the price and this will good even for them, they will be able to sell on higher price.

Here we have a great BM guy here, it's a pity that you're no longer involved in your BM work. In fact, projects like this have appeared many times in this space. I find that if people can afford to see a thriving project, I think we will have fewer topics like this.

[iTradeChips]

Umm. I forgot to mention that you are actually making an assumption here rather than providing actual fact based on numbers and studies. I was actually surprised that there are even users (possibly with the utmost hatred of bounty hunters) giving you merit for an assumption. Before we will accept that it is bounty hunters and their selling of their earned cryptocurrencies is to be blamed "solely" for a failure of a token or coin or the project as a whole, then you need to give us something that we ourselves can calculate, can check, can refute or support. Otherwise, this is just pure speculation and you are just sharing your (including your meriting buds) the sheer hatred of bounty hunters.

[santiPOGI]

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'm not surprise anyway if that's happened dude, in fact, this was happened most of the time. And you can't blame others if they want to sell their token where they don't care if the price will get dump. besides this is trading were the price move only in to two places in which is the pump and dump, isn't right?

[vermigerous]

 I think it's absolutely pity in the side of bounty hunters to say that it's their fault for the dump of price of an altcoin, this issue is repeatedly discussed here in bitcointalk forum. But i think the appropriate to say is not fault, surely when several prople massively sells the altcoin or token, that altcoin could've also decreases it's price in crypto market as many transactions done in the market for selling.

[Greatchu]

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?

You should have sell at 0.0013$, that was still a very good price to me, I got my tokens very late and now it's trading at 0.0009$, that's not the main problem now, there is no buy orders on p2pb2b and tokpie, I regret promoting this project honestly, I doubt it will get back on its feet again

[DDante]

Youengine team are mediocre blockchain experts, after many warnings from their promoters about p2pb2b exchange they still proceed, now they have the end results, it's same thing that Bitwings team did, they have a bad similar ending too, when will new team members starts understanding how important top Exchanges are for their projects?.

[Lantind]

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.

True, the YOUC token price decline occurred before tokens for bounty participants were distributed and at that time the requests and offers in several exchanges that had listed YOUC tokens were also very low and not commensurate.

[tokoorochan]

You should have sell at 0.0013$, that was still a very good price to me, I got my tokens very late and now it's trading at 0.0009$, that's not the main problem now, there is no buy orders on p2pb2b and tokpie, I regret promoting this project honestly, I doubt it will get back on its feet again

dont feel regret after working in shit bounty campaign , take lesson from it . and dont ever continue on campaign that have several round, if i am not wrong youc run for 4 round right . mostly this kind campaign will have low value in market due too many allocation for bounty campaign and investors doesnt like it.

[jessyj48]

Youengine has good team but non professionals, the thing that killed this project is lack of volume, even before the bounty distribution begins the price was going down already and the volume is way too low to handle the dumps from bounty hunters which caused the deep dive down.