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?
There are many factors to that condition while the big percentage of it is with the market. If you notice compare to the previous year by december whereas the ico coins pumps after listing is because of the bullish trend of bitcoins the market was so healthy. Bounty hunters can take advantage and earn more money on that point but when we get into this bearish its almost a lost and below ico prices.
yes i agree that there are lots of factors that affects the price of cryptos , few examples are manipulation caused by whales , fuds and speculations on and off the forum , news (iether it is a good news or a bad news ) , and lastly bounty hunters .
bounty hunters are also responsible for the price drop of the coin because as soon as the coin gets listed to an online exchange , bounty hunters will also do their jobs on which they do sell their coins emmediately because they are only care about the money , they dont care about the project or whatsoever .