Does the high gas fee make the altcoin make less volatile from bounty hunters

[roosbit]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

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[Gozie51]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

The dump now has been proved that hunters are not just the cause of that but the whales who want to dump run. Also the project that is valuable will absorb the dump for a while to come up again. Is not the fault of hunters.

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

The fees that have gone high is because of volatility. You can expect that fees should increase because of the bull. That's the reason the experienced ones advise that we should prepare for it. No preparation,  no give good result.

[Fesatmas]

we are faced with a year where altcoin and bitcoin-led growth are ahead of it. with the root cause of the GAS cost problem, I think everyone is looking for a solution. However, Erc20 based tokens of good quality in the market, with significant shipping costs, will pay off from the profits selling Erc20 tokens.
But it is different with the complaints of small traders like us, who only rely on payments from bounty campaigns. cash out or exchange it for Ethereum and Bitcoin because the core of everything will fall on both coins. ICO programs often leave investors far more profitable, than bounty hunters who rely on pay. when the bounty hunter auto-price launches chase the target to cover the expenses spent while the campaign is running.

[acener]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

Well it could lessen the people who would dump the project but I think it wouldn't really solve the problem of a new project being dump.
We all know that the bounty allocation is too small for the price of a whole project to fall down so we shouldn't just blame the hunters because they didn't invest money on it,
And other looks at them like they doesn't care about the project,
As much as an investor wants the project's price to go higher those bounty hunters also wants it to happen so they could gain more compare to their current earning if they dump it at a low price.

[tyz]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

No, the fees are not responsible for this. The situation is quite different from 2017/2018.

Back then, everything that somehow sounded new was pumped and bought. There are dozens of ICO projects from back then that raised 100+ million that don't even exist today.

It wasn't because bounty hunters dumped their stakes, but because the projects were massively overvalued and doomed from the start by their idea.

If you look at it that way, the bounty hunters were the smart ones in retrospect, because they sold immediately, and the ICO investors are still sitting on their worthless stakes today.

[meanwords]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

Let me make this clear, it wasn't only the bounty hunters who are responsible for the crashing of the initial price because most of the time, bounty hunters are only given more or less 1% of the supply of the coin which is pretty insignificant. It's the combination of the investors and bounty hunters, probably the dev team too but mostly the fault of the project itself.

Anyway, I don't think the gas fee will help with the dumping of the coin as long as people still gets profit from it. $10 is still insignificant if the price of the tokens they got is valued at $100 or more, that's still $90 gain.

[(o)(o)ilikeboobs(o)(o)]

People blame bounty hunters for dumping them, but the fact they don't do much will affect a project in the long term if it is good enough. I look to 2017 and there are many bonus projects like Sinxthetic (SNX), Swissbogg, Pundix ... The value of these projects has not decreased but also increased a lot.
High GAS makes bounty hunters unable to sell their rewards because they are not worth the amount of ETH they spent moving them. Hunters receive fewer rewards now than in 2017-2018 so I don't think they are a big concern for any project.

The collapse of projects is the issue of supply and demand in the distribution of the project's tokens. There is no need for tokens to hold the project's value. Bitcoin devaluation and the holders of ETH selling them out when raising an ICO is also the cause of the collapse of the entire crypto market.

[zasad@]

Don't forget about the other side of this process.
The organizers of the project have to pay huge commissions to send tokens, for example, for 5000 participants in bounty companies.
There are projects that allow you to save money on transactions, but it is still expensive.
Project organizers can transfer their tokens to level 2 and pay out rewards with the lowest commissions.

[semobo]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

Micro transactions are still happening that is why the gas fee remain high for very long time and projects just used the bounty hunters to hide when their project value starts to dump now the projects holding the rewards of bounties still there is no difference in the dump when a project listed on a reputed trading exchange.

[lobo13hf]

All of the micro transactions are not worth to be done on ethereum blockchain. The small fish already moved to the BSC to get cheap fees.
The hunters were not responsible for the dump but so many bonuses that already offered to the early ico buyers,

The majority of hunters were still holding their tokens until it has no value. I see that some people were saying about this too.

[Jaered]

To an extent, yes. When a bounty considers the huge gas fee, and figures it against the intended profit, he might just decide to wait if the gas fee is going to chop into the profit

[Cappex]

many projects carry out airdrops on different blockchains such as that of binance, the binance smart chain because it is less expensive so in fact I do not think it affects the price of the coins rather it is the project that will have to build solid foundations.

[Coyster]

High gas fee isn't an advantage for the network, neither do I think altcoins are any less volatile cause of that, or even if they are at all; there are still quite a lot of projects dumping ASAP even with this gas fee, the thing is the bounty hunters have little or no believe in many of the coins they've been paid in, and tbh, it's quite understandable, they'll rather sell it, despite the gas fee, than allow the coin dump while they are still holding.

[Dave1]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

I think it's not just the bounty hunters that are dumping that time.

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

You might as well say that bounty hunting is useless? Since the tokens that you are going to get from bounties are just so cheap that it's just a waste of time?

Anyhow, many projects might be switching to Binance Smart Chain, so in a sense this high transaction fee will be negative by many projects.

Or bounty hunters will just continue to hold on their tokens, and then wait for Ethereum to solve their problem first.

[LUCKMCFLY]

The bounty hunters when they see their coins and they are not so attractive to withdraw they do not, the fees are usually more expensive than the same coin they have, but the ones who really want to withdraw are the whales and they do. they don't care about fees.

For projects it is not at all advantageous that microtransactions cannot be carried out, this takes away community and fame from the project, it is not positive. They are already working on the Ethereum network to solve the problem, but certainly the bounty hunters are not the reason to cause the dumps. In some crypto projects in 2017 he made it appear that the bounty hunters eventually did cause the dumps, but currently this is not the case, and more than the altcoin season has not yet started.

[bitkanu]

To an extent, yes. When a bounty considers the huge gas fee, and figures it against the intended profit, he might just decide to wait if the gas fee is going to chop into the profit

The hunters will try to see that whether it is worth withdrawing their reward or not and this will be based on how many tokens will be withdrawn by them all. The fact that so many hunters were looking for a campaign that used the scalable chain like BSC. Hunters are not feeling good to use ethereum again as a way to receive their reward.
The fees was eating all of their rewards.

[crzy]

If you’re just holding a small amount of bounty and especially its ERC20, hunters tend to hold it for long until they can finally see that its worth it to withdraw because of the huge fees that can eat all the value of their token so I think it lessen the volatility but not that much.

Most of the bounties are still paying with a good rate, so hunters can still sell any time they want. Though ETH should have the urgency to address this problem, because BSC is growing and we might see this network to take over the top place.

[akar87]

Now big problem faced by bounty participants due high gas fees to send or sell coin on the market exchange, but I think problem not from bounty participants but from bounty manager campaign when delay distribution coin with reason higher fees eth. If coin have higher value than fees why have to worry pay little to get more.

[sayaya17]

Now big problem faced by bounty participants due high gas fees to send or sell coin on the market exchange, but I think problem not from bounty participants but from bounty manager campaign when delay distribution coin with reason higher fees eth. If coin have higher value than fees why have to worry pay little to get more.

That's the problem now mate, the cost fees for high eth are very annoying, both for bounty managers and also bounty hunters.
This situation makes bounty managers forced to delay the payment for bounty hunters so that if the value of  tokens is high on
the exchange, participants cannot sell them because bounty managers have not distributed the tokens.

[tbterryboy]

A few years back people always said bounty hunters were responsible for some alts crashing because whenever they got paid their bounty tokens they cashed in for eth or btc forcing price to go down sometimes lower than ico price.

Now with current high transaction fees we experiencing sending tokens of a value of $10 or so is expensive as this could cost you twice the value of your reward which has seen less micro transactions of erc20 tokens, with this development is the high transaction fee good for crypto as micro transactions have reduced on the ethereum blockchain?

You are seeing it as an advantage but I am seeing as a disadvantage for bounty hunters. ETH is too expensive to send to that many people, it is obvious that people will still prefer ETH if they have it but I think most places have given up on that. I think USDT is great because you could use stuff like trc20 blockchain and it will be sent very very cheaply without being a trouble.

Also the best case for a project is actually giving their own token as well, why? Because even if there are people who will sell and dump the price a lot, that still means you have a lot of token at the hands of a lot of people, those people sell and dump the price still do it because they have it, and others are buying it, so as a project not only you are not spending any money but only giving tokens that you created from nothing so it has no cost for you, but also you are making sure more and more people own your token which is a great way to spread it.