Post
Topic
Board Altcoin Discussion
Re: Why do lot of people hate bounty dumpers?
by
novusordo
on 26/04/2019, 14:07:44 UTC
I've seen lot's of people who complain to bounty hunters who dump their tokens after they get them. Why hate them? They have all the rights to sell whenever they want and bounty allocations are only 1%-5% of the total supply of the coin. I don't think it will do much to lower the price of the coin. I mean it's even good for the ICO investors as they will have a chance to buy more tokens with lesser price than the ICO.

Holding the tokens also doesn't mean it will make you rich. Some tokens get abandon by the developers so it would be better to sell at a good price than be left hanging in the end.

The hate resonates from fear. They believe bounty hunters usually dump below ICO price to get reward for their marketing services but then if project developers put a buy back mechanism in place, there will be nothing to worry about