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Author Topic: You may have noticed a sudden dump few days to bounty payments!  (Read 3161 times)

Offline Bobcrypto

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You may have noticed a sudden dump few days to bounty payments!
« on: October 28, 2020, 10:54:13 PM »
This is just my little observation in recent times; that few days to certain bounties distributions, coin/tokens that were already listed on exchange(s) immediately dump in its price.
I think as a hunter, I have been observing this alone, but i also considered that some hunters might have  experienced this situation. Please shared if you have been noticing this sudden price dump. I stand to be corrected.Thanks all.

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You may have noticed a sudden dump few days to bounty payments!
« on: October 28, 2020, 10:54:13 PM »

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Offline Mexite

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #1 on: October 28, 2020, 10:59:24 PM »
I've also noticed it a couple of times. Sometimes whales or even the project team do that to buy hunter's tokens cheap and then pump back up after many hunters would have dumped their bounty reward. In the case of some funny dev, they use the opportunity to dump their bags and blame the  price dump on hunters.
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Offline Absolute

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #2 on: October 28, 2020, 10:59:33 PM »
For the past years this is the very reason why bounty hunters blamed by the investors because mostly they're the reason of the dumped of the coins. So the team send their reward after a month or sometimes more than that.

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #3 on: October 28, 2020, 11:52:41 PM »
This kind of thing is  avery common experience that we may face in the crypto world. I have exprienced so many projects that I worked for free for their bounty and airdrop. there are no payment or projects are scams or even they are failed to mkae the project success so that I cannot get the payment
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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #4 on: October 29, 2020, 12:22:26 AM »
Of course it happened. Where when distribution coins, the number of coins owned by many people is increasing. Most also immediately sell their coins, causing the price to fall.
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Offline ShadowCrypto

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #5 on: October 29, 2020, 12:36:21 AM »
It's crap, I'm hoping to win one entrance of the crowd sale contest. because the tokens are dumping to dust, really sad, a lot of bounties are just melting.

Offline IvugeoEvolutionCoin

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #6 on: October 29, 2020, 05:00:21 AM »
The bounty payment should not make the price collapse, what causes the price to collapse are the developers who do not support price stability and the projects being developed are not very attractive so that investors are reluctant to support them again.

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #6 on: October 29, 2020, 05:00:21 AM »


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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #7 on: October 29, 2020, 05:18:32 AM »


This is a very common occurrence and in many instances the bounty hunters who already received their tokens/coins are usually blamed but what we don't know is that the developers themselves are also doing the same thing because they are not convicted of the future of their projects, so they just dumped whatever tokens at hand and soon they will just evaporate into thin air. This has been a big problem with this industry especially with projects that are just new and led by unscrupulous people. At the end, bounty hunters are at a big disadvantaged most especially if they can not move their tokens because they are locked or if they are not yet distributed.

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #8 on: October 29, 2020, 06:38:21 AM »
I think it wasn't new scenario, from 2017 even until this days few bounty payment is something happening in cryptocurrency sphere. Not all of them actually paid for penny amount some are generous to give hunters big payment. We are unfortunate if we are lucky to participate the few payment bounty. Better luck next time.

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #9 on: October 29, 2020, 07:24:04 AM »
The bounty payment should not make the price collapse, what causes the price to collapse are the developers who do not support price stability and the projects being developed are not very attractive so that investors are reluctant to support them again.
I totally agree with what you said.

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #10 on: October 29, 2020, 10:07:46 PM »
~what causes the price to collapse are the developers who do not support price stability~
Smart, I agree with you. The number of tokens allocation for the bounty program is quite small, commonly it is only about 1%. How can this small number of tokens give big impacts on the market? The problem isn't on the bounty payment, it should be on the other things, it can be on the investors or developers who dump the price in the market.
 
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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #11 on: October 29, 2020, 10:13:59 PM »
This is just my little observation in recent times; that few days to certain bounties distributions, coin/tokens that were already listed on exchange(s) immediately dump in its price.
I think as a hunter, I have been observing this alone, but i also considered that some hunters might have  experienced this situation. Please shared if you have been noticing this sudden price dump. I stand to be corrected.Thanks all.

It happens always with most projects and this is due to the sheer selfishness of project owners; and sometimes the intelligence of token hodlers. HOW?

Project owners are not supposed to announce distribution date, or day to anyone; the rule should remain that tokens will be sent after 2 weeks of bounty and the tokens should be sent in an undisclosed day within the 2 weeks. That way whales would not be aware and there would not be an intentional dump or pump scheme.

Also, projects owners take advantage of the bounty distribution to dump on the investors; while sharing bounty tokens, team also dump over half of their tokens discreetly, causing a drop in price and shielding the blame and spotlight away from them.

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #12 on: October 30, 2020, 01:18:47 AM »
You're right. I am also wondering why such is very common. I think if you are a bounty hunter and an investor you will gain more profit if you aware of this one.

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #13 on: October 30, 2020, 01:45:33 AM »
You are right when approaching the day of Distribution Bounty suddenly the price of coin dump drastic I think it's intentionally by their team all the projects listing at the small exchange price will be destroyed does not have the value of buying usually this will make the price more dump already happen in many projects and It's surely everyone will blame Bounty Hunter.
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Offline @chison

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Re: You may have noticed a sudden dump few days to bounty payments!
« Reply #14 on: October 30, 2020, 10:32:10 AM »
It is just sad what is happening with bounties. Hunters are not getting there pay as expected. Even when. The project is successful. They delay payment and get scared when the token dump in the market. One of the bounties is Attention.. It looks they will never pay hunters again. Another project that came up with funny payment process is dego. After so many days of delay they came up with a plan of 20% down payment and 0.8% daily for 100 days to add salt to injury hunters will have to pay the claim fee.
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