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Author Topic: I guess bounty hunters really kill projects  (Read 2178 times)
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November 13, 2020, 08:12:34 AM
 #261

Well since I saw it, is it really true that the said bounty pay their participants in parts? Why don't they pay them one time in full? What is the logic behind it? Now many more questions are being created by such a method of paying bounty hunters. I never encountered such bizarre method of managing bounties. That would make participants dubious and not enthusiastic with the project.



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November 13, 2020, 08:23:09 AM
 #262

Well since I saw it, is it really true that the said bounty pay their participants in parts? Why don't they pay them one time in full? What is the logic behind it? Now many more questions are being created by such a method of paying bounty hunters. I never encountered such bizarre method of managing bounties. That would make participants dubious and not enthusiastic with the project.
The logic is very simple, they don't want bounty hunters to dump their reward, so they did he distribution in parts but to be honest, there's only a little effect on the price of the coin based on my observation. I think what the team has to improve is to find a good and a liquid exchange so even if bounty hunters will dump, it would not hurt the project.

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November 13, 2020, 03:27:51 PM
 #263

the Youengine project is still relatively new. their trading volume is still low. If the project team and developer are willing to work hard to increase trading volume, chances are their prices will increase. After all, their product isn't ready to launch either. maybe in early 2021 YOUC token price will recover, because their concept is very good. I advise you to keep your token on hold

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November 13, 2020, 03:45:52 PM
 #264

I hope OP is still holding his YOUC Token, the price is now better than what it is days ago, I don't know if this project will recover to it's old ATH but it won't hurt to hold, I don't regret selling when the price was way down, i never invested on the project I only promote with my spare time so reward is reward, either small or big

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November 13, 2020, 04:01:35 PM
 #265

This sort of thing is generally experienced by bounty hunters, where they need to work 6 months or more with negligible pay, here and there additionally winding up with bounty scams without token payment.

There was likewise one year of work with a yield of just $ 20, this is regularly the situation with bounty hunters.

in any case, you can spare the Youcash tokens that you get from the bounty, which realizes that in the following 1-2 years the price could be higher than now, if their group and company truly care about the YouCash token infiltrating the market, That's what you can do.

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November 13, 2020, 04:15:21 PM
 #266

the Youengine project is still relatively new. their trading volume is still low. If the project team and developer are willing to work hard to increase trading volume, chances are their prices will increase. After all, their product isn't ready to launch either. maybe in early 2021 YOUC token price will recover, because their concept is very good. I advise you to keep your token on hold

2021 will be the year if YOUC will take they are still in the crowdfunding and marketing period, after they distributed their token and since they have a new site now, all ready for their second stage of their road map, let's see if there platform is going to get support from advertisers, investors and the whole community, we'll have to see that in 2021, the token is very cheap good for pump and dump for traders.

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November 13, 2020, 04:19:31 PM
 #267

You don't have enough experience yet because such a token will dumping its price once it has been traded, maybe only a small part of the project will be able to keep it growing. Therefore, on several occasions I sometimes remind you if you are following or joining a bounty then at least you have to continue to monitor and keep checking, when you see a high price at the beginning of the trade then as much as possible you sell the tokens you have, because if you consider the price will be more high from time to time, so obviously it was a big mistake. Bounty hunters are not the source of the problem regarding dump prices, because those who hold tokens are not only bounty hunters, at least there are still investors and other elements, so if the price dumps quickly then that's the game and you have to be prepared for that.

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November 13, 2020, 04:43:24 PM
 #268

Actually, this is happening from the beginning and newbie hunters are doing this. though with the time people are getting experience and  learning about the crypto they are behaving like mature.  So, if we take steps about the newbie to make them understand or help them a bit about the project and the process then it can be a very good thing.

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November 13, 2020, 05:28:34 PM
 #269

That's normal scenario that after bounty distribution the price of a token/coin suddenly drop down. But I believe that if the project has a good foundation and the team behind the project has a full support for it, then even the hunters or whales caused a huge dump, the value of token will still recover, you just need to hold and wait for it.




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November 13, 2020, 05:31:32 PM
 #270

I don't know whether to laugh at you or not because I was already thinking if the bounty hunter caused the dump or that killed the project, before you saw the volume on the exchange. I just saw YOUC volume and it is very small and only listing on fake volume/exchange

So it's natural that it's a dump Cheesy
Look at this, if the volume is large there certainly won't be dump



For P2PB2B volumes don't need to be discussed because it's definitely a fake volume
This is ridiculous, I sold tokens on the Latoken exchange for $ 10 a couple of days ago, is this my sale displayed in the statistics?

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November 13, 2020, 06:02:28 PM
 #271

Well since I saw it, is it really true that the said bounty pay their participants in parts? Why don't they pay them one time in full? What is the logic behind it? Now many more questions are being created by such a method of paying bounty hunters. I never encountered such bizarre method of managing bounties. That would make participants dubious and not enthusiastic with the project.
That's , I heard they paid for it and a lot of bounty hunters said they got thousands of YOUcash tokens, this project ran for 4 rounds and at that time I wanted to join but I reconsidered for several reasons including long bounty duration. but to my surprise, they are already listed on the platform but the trading volume there is very low and I think the bounty hunters have been selling for a very low price.

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November 13, 2020, 06:50:25 PM
 #272

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.
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?
It is common sense that when there will be large number of sellers especially when liquidity, volume or buying orders are low then expect huge dumps. Youc dump was also due to removal of 100k liquidity at uniswap so i think that if this liquidity comes back the price will moon.

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November 13, 2020, 07:14:16 PM
 #273

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?


It's seems to be true.Some hunters use to convert to fiat with a couples of days from their payment.But the thing is,they should hold their payment tokens till it reach of maximum price.Or else the hunter will be the loser and not totally to the project.
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November 13, 2020, 07:16:44 PM
 #274

For example, the DIA project, payments for it were divided into 3 tranches and before each payment to bounty hunters, the coin rate sank. But this happened before they got the coins, so what's the reason?)
Several projects have implemented a payment system gradually and some of these projects have managed to maintain their token price which is quite stable in the market, but there are also several projects that implement a gradual payments system such as the hdac and coinvest projects but there is still a drastic decline in market prices. After the tokens are distributed, in this case I am personally not sure if the bounty participants are completely guilty of the price reduction because if we count the number of tokens owned by the bounty participants, it is only a percentage of the total supply of tokens they sold when ICO or IEO happened.


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November 13, 2020, 08:14:28 PM
 #275

A good team should have a plan before distributing bounty tokens, for instance setting a buy wall to buy up bounty tokens from those who will rush to sell upon receiving or release an update that will create some hype around the token during the distribution period, so that demand for the tokens will increase. Another aspect is that some team members take it as an opportunity to dump tokens after distribution to hunters, thereby blaming it on hunters. I can't really say for sure that hunters or team dump price after distribution, because it depends and sometimes some tokens do not dump after distribution.


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November 13, 2020, 08:14:53 PM
 #276

It's common matter for all project. I think this dump is temporary And it's another chance for investors to buy in cheap price. Now you see YOUC again pump. But all project not Strong so some project are damaged. If team distribute several times, then their will be no effect in the market.

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November 14, 2020, 04:10:14 PM
 #277

That's normal scenario that after bounty distribution the price of a token/coin suddenly drop down. But I believe that if the project has a good foundation and the team behind the project has a full support for it, then even the hunters or whales caused a huge dump, the value of token will still recover, you just need to hold and wait for it.





The traders have been creating such scenario and the price of token was getting dumped to the bottom before the distribution and im still watching the youc market and it looks like someone started to load more and more coins from the market. The hunters have started to dump their coin and this time it looks like so many hunters are keeping their coins on their wallet until the recovery phase.


That maybe need more than a few months to make the price will go back to the what it should be

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pragna
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November 14, 2020, 04:12:58 PM
 #278

I personally think you are wrong as well as because do you know how much budget for bounty hunters? its only 2 or 3% of total budget so how you can say for market dumping bounty hunters are responsible? Yes bounty hunters sell their tokens as panic for very limited time but overall investors are responsible for it because they get dividends from team so they can sell tokens less then IEO price.

thanks.

Rabi3
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November 14, 2020, 07:20:23 PM
 #279

It's common matter for all project. I think this dump is temporary And it's another chance for investors to buy in cheap price. Now you see YOUC again pump. But all project not Strong so some project are damaged. If team distribute several times, then their will be no effect in the market.
I don't think so, dumps cause more damage than the other factors. If the investors don't see an improvement on the project, they will join the bounty hunters who rush to dump the tokens on the first buy order. The reputation of the project decides to hold the price, otherwise, the market dump can be the reason for an exit scam which happened many times.
you're right, there are exit scams and investors who would join bounty hunters i think it's because when bounty hunters start dumping, it gives the investors a hint that their money is at risk so they rush and dump the token to reduce the loss they could get.

KimmyF
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November 14, 2020, 07:30:49 PM
 #280

It's common matter for all project. I think this dump is temporary And it's another chance for investors to buy in cheap price. Now you see YOUC again pump. But all project not Strong so some project are damaged. If team distribute several times, then their will be no effect in the market.
I don't think so, dumps cause more damage than the other factors. If the investors don't see an improvement on the project, they will join the bounty hunters who rush to dump the tokens on the first buy order. The reputation of the project decides to hold the price, otherwise, the market dump can be the reason for an exit scam which happened many times.
you're right, there are exit scams and investors who would join bounty hunters i think it's because when bounty hunters start dumping, it gives the investors a hint that their money is at risk so they rush and dump the token to reduce the loss they could get.
Price recovery is a very easy work for any legitimate altcoins. Youengine is a very long time project, I think distribution should be made in 3 or more different times. The bounty budget was so many times high, I think recovering time will be longer. Youengine projects should list any good volume exchange. Investors will lose interest without the huge volume of this altcoins.

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