Its so sad when we have been made to believe its bounty hunters who dump their bounty tokens immediately after ICO and so devalue the coins on the market. Because of this notion, project managers these days try to delay bounty rewards while some even go ahead to give small rewards so that the actions of bounty hunters will not affect the price of their coins. Now I participated in this bounty and we were paid late as usual. We went to the market and realized the price was already down, even below the ICO price. So who caused it ? I think we should have a second look at this issue. Don't you think its the investors who get bonuses during the ICO who try to dump their bonuses for profit and not the bounty hunters as we have been made to believe?. Let me hear your opinions guys
Why not both ? I think there are reasons why and how people sell the coins early. Now bounty hunters are people who work to get that money whereas ico investors pay to get those tokens, basically ico investors are paying the bounty hunters to get their coins heard so they can sell it for more.
Considering this, I think bounty hunters tend to sell earlier, these people do not have money enough to invest themselves so they try to sell as much as they can as quickly as they can so they could have some money. These are people from third world countries like me who see 50 dollars as another week of living so when they get paid they try to sell it right away and pay for bills and rent.
Whereas many ICO investors are people who obviously have money and spend it on ICO so they could make more of it, which means even if some of them sell, most of them keep it so they can sell it for x3-x4 or whatever they feel is right and make more money than they got in. However they may sell quicker if the price skyrockets before coins even come to any good exchange, if that happens then both sell very quickly.