Post
Topic
Board Altcoin Discussion
Re: Confused, Your thoughts is needed
by
o48o
on 17/12/2019, 06:22:12 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 ..

I am reading all these answers and how the hell they think that let's say 5% of total amount wouldn't dump the price to the ground. I mean we are talking about the early days of any token and is haven't found its price or gained any kind of trust. If it dumps, it will affect the market price because people who buy the bottom can dump again on 100% rise and probably will.