Post
Topic
Board Altcoin Discussion
Re: My opinion about dumps caused by bounty participants.
by
sodiik
on 06/09/2019, 17:06:50 UTC
Many people do not understand offer and demand, how it really works.
If all bounty hunters would like to sell all their tokens (2% of total supply) it is a huge selling pressure. If there are not enough buyers, price is going down until encounters buy orders. And as you can guess, noone wants to buy ICO coins just after the ICO sale because those who wanted buy, they already bought. Smiley
Your point of view?  Cool

Price reductions after the ICO are listed in the exchange. Indeed because of the great sales and demand just a little. But if you blame the bounty hunter, I think wrong. This is not the fault of bounty hunters, because they get the tokens after doing the job. So it is natural that many bounty hunters will sell coins.

I focus more on project development if the project has high quality. I think the coin price will be attracted by many buyers. So the price can go back up.