Re: My opinion about dumps caused by bounty participants.
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.
Your point of view?
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.
Your point of view?
All these issue of dumping after ICO started when these developers started asking for more than they need, it is not the bounty hunters that are crashing the price, how many projects are in the space now without any bounty campaign that are trading far less than the ICO price. Then project only ask for $5 million and this create demand on the market and drive the price up but when you have suck all the demand from the market the price will then start dumping immediately because there is no demand for the token