Hey guys, I just want to share my thoughts today about this, I have always said "bounty hunters are not the ones killing projects", but now I'm having second thoughts about it, I participated in youengine bounty campaign for about a week, although it lasted for quite a while,the bounty had about 4 rounds, the bounty ended about a week ago i guess and distribution of "youcash" started, I received about 307 youcash tokens as shown below
By 8am this morning the 307 tokens was worth $10+, i didn't sell, I held on to it, to my greatest surprise this evening I checked my wallet and I saw that the 307 tokens are now worth just 0.35$
Although it recovered later, but it's not looking good at all, I guess this dump is caused by the bounty hunters because they just keep dumping the token, what about you, what do you think is the cause of this massive dump?
Dumping isnt new and basing up into those things that you have said.Are you sure that bounty hunters are the ones who do dump and make that price go to the floor?
You cant be sure but there no doubt that they might be one of the factors specially if the coin is listed out on an exchange then the volume of trades of such coin
isnt really that too big then even with the most minimal kind of selling will really be giving out that long red candle or series of it.This is why as a bounty hunter
when you do receive your coin and if you dont like to receive pennies then be sure that you do sell it out fast.Majority of projects now arent really
worth to hold on.