Post
Topic
Board Altcoin Discussion
Re: Confused, Your thoughts is needed
by
bohr
on 15/12/2019, 18:50:42 UTC
There is a part in bounties i still don't get, bounty allocations are 1% to 10% of total max supply of the project token i wonder how dumping this can drag down its value? or most new projects have ways of dumping behind our back? For example Tokoin bounty leaves me speechless, many hunters sold their tokens but token value don't even move an inch from 0.08, what makes it withstand the dump while others would have crumbled back to 0.001 or more ..
The most obvious answer to this is the volume of a coin, when a coin has no volume then any amount of additional coins that comes to the market will crash the price because the market is incapable of absorbing such supply, but when the volume is very high and people are buying and selling that coin regularly then even if the bounty hunters begin to sell their coins then there is no problem because there is always someone willing to buy that coin for a fair price.