Post
Topic
Board Altcoin Discussion
Re: Bounty alone is not enough
by
Stedsm
on 21/04/2020, 20:32:36 UTC
What is the problem with most of the projects is that they don't know they will need to work very hard in the first couple of years, and in that time to not take any profit! Bounty alone is just a beginning, but every project needs upgrades, constant monitoring, developing on all fields, money they get to invest in equipment. Most of the teams take first profit and they abandon projects and investors stay with worthless tokens.

Man, you caught the nerves exactly why an investor fears from investing into such projects:

- Tokens don't get listed on an exchange due to team's laziness or running away with money

- Tokens get listed in a low-quality exchange where no big volume is available, so there's no liquidity in the markets there and the token becomes useless

- Even if there is enough liquidity, people tend not to trade it as it is highly risky because investors are themselves watching for other people to add some volume and pump the token from where these investors start taking out their profits by dumping their coins on these buyers

- Investors fear the possibility of the team dumping all their premined tokens on the markets which will make the tokens go worthless