I agree with you. Bounty hunters are in a very bad position right now because they are the most vulnerable. It is almost impossible to get a good profit now. In addition, among the bounty managers reign chaos. So it's time to look for some alternative ways of earning.
Yes, even after launching IEO's we don't see any benefits to the bounty hunters which we don't see any value to the coins. I hope there some other ways to make money, but for that, we need to invest money. In this world, without investment it is impossible to make money.