Post
Topic
Board Altcoin Discussion
Re: Why blame people for your failure?
by
Mighty_crypt
on 02/07/2019, 17:26:47 UTC
I come across different posts and allegations that bounty hunters are dumpers and they make projects lose it value upon exchange listing. But from my experience with bounties most projects don't offer bounty allocation of more than 5% of the total token sold. So how will 5% dump have a huge effect on the remaining 95% price. And what about projects that don't have bounties but still dump hard on the exchange, is it bounty hunters too?
The bitter truth is that most projects dump because of the ridiculous number of bonuses the team have offered during the tokensale and pre-sale period. Imagine giving investors 70% bonus for their investments, they can decide to sell everything off and be happy with the 70% profit.


Its because many bounty projects aren't good enough that's why 2-5% of there allocation drags price down when dump happens ,I believe that if the project is very good one it won't have effect on the price at all,many devs are doing mistakes by listing on crappy exchanges that's the reason behind the lose in time value