Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: yemight62 on December 01, 2020, 07:05:15 PM
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Over the years, people have been arguing over the word "hunters are dumpers" many projects usually give a little amount of token or even give another valuable coin like ETH to bounty hunters because of the fear that hunters might devalue the project's native token. This has raised the issue among hunters. I really need your view about this. Most especially if you're a bounty hunter.
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In all honesty, for me: yes. If I receive shit tokens, I'll sell them into Ether. If I receive Ether, I'll hodl it (or sell for Bitcoin depending on the market). I don't believe anyone here truly joins bounty campaigns in order to hodl those tokens to 0. You can see my ETH account for a good example of my it's best not done.
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In all honesty, for me: yes. If I receive shit tokens, I'll sell them into Ether. If I receive Ether, I'll hodl it (or sell for Bitcoin depending on the market). I don't believe anyone here truly joins bounty campaigns in order to hodl those tokens to 0. You can see my ETH account for a good example of my it's best not done.
Haha. Same here. There's no point holding coins in a pocket which is so disgusting seeing the price dumping. Also it is not the bounty hunters are the dumpers in all occasions, there were times that before the payment for the bounty the price is already in annoying stage.
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I personally think the major reason for dumping is eagerness and maybe the fear that the coin/token might fall and never rise again. Allow me to use polymath as a case study. About few years ago, the coin was given freely to airdropers and bounty Hunter in thousands each i think it wasn't more that $20 for airdrop but many people sold almost immediately when they could have make it $200 by now. It will be better if hunters should start reading extensively on any project they want to embark on and know if it worth holding or discarding
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I can say that bounty money is not a problem, because almost projects will allocate a small portion of their token for hunter. Their Devs and ivestors who own a huge amount of token is that dumpers.
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I can say that bounty money is not a problem, because almost projects will allocate a small portion of their token for hunter. Their Devs and ivestors who own a huge amount of token is that dumpers.
You just made a point I've never think of. No team will allocate 10% of its token total supply for bounty purposes. The highest I've seen is 5%. Which means something is indefinitely wrong somewhere. The stress often faced by hunters during bounty does not usually worth it because of the penny which will still drop value with time.