Post
Topic
Board Altcoin Discussion
Re: How do you comfort yourself after receiving token from the bounty program?
by
germsite
on 17/03/2019, 15:19:52 UTC
In this difficult market, the value of tokens is reduced very low.
So, how do you console yourself?

I first:
I calculated the number of tokens I received, then multiplied by the ICO price, followed by multiplying it by the current ETH price.
As a result, I received the corresponding ETH.
I took the ETH multiplied peak rates ($1500- 2017) And I told myself if ETH peaks (2017), I will get a lot of $. Haha!

For example:
I received 1000 ABC token.
ABC token ico price: 0.2$
Total received: 1000 * 0.2$ = 200$
Current ETH price: 150$
So I will receive: 200/150 = 1.33E
If ETH = $1500 is like 2017, I will have 2000$. Smiley)
Bounty reward isn't that lucrative these days compare to late 2017 and early 2018, bounty reward are lucrative then but due to this bear market the reward value when listed are absolute waste of time for someone who want to sell immediately it will pay those who can hold at long run.

The calculation is optimistic. I don't know if we will see ETH go to $1500 again. That is a 1000% increase from now.