It seem that almost all ICOs that get listed on exchanges usually plunge in price soon afterwards. Are bounty hunters responsible or is it as a result of the general bearish market condition?
The strongest possibility points to the bear market being responsible for this, but this could also be the result of people getting rid of their coins as fast as possible after all most people do not have an incentive to hold the coins, the bounty hunters want to get their money and nothing more and those that invested in the ico and got more tokens because they invested early want out as well, so all of this combines at the same time and the chances of a coin going up after it is listed in an exchange are slim at best.