I started here as a bounty hunter and I can say that all of those statements are correct. However, as the population of this forum grows there are instances that we earn a little or even not (scam/fraud project) and also because of shitposters, scammers and cheaters in each bounties there's a chance that bounty will be limited to higher ranks to avoid having newbies spam this system (I don't have any proofs for this but I saw that it is being discussed and I saw a campaign that only accepts high ranks with high merits).
That's why other than being a bounty hunter, I started to do trading and mining which will increase my profit because I believe that we shouldn't be stagnant in what we are doing and try to explore other ways to earn.
I agree with you, nowadays there are so many shitcoins. Even an unreliable account ( newbie/ junior) can posted an bounty program and gain alot of support by bounty hunter. But they are scam and that mean we are time-consuming. Being an bounty hunter also require us tu reserve an stable amount of time in a day to accomplish tasks. But what will happen if that is scam project. We have no revenue. So i think we should try another way to earn money. it don't mean that we give up bounty hunter but we find a way to coherrent them, schedule them to make sure we have certain income for life.