Post
Topic
Board Altcoin Discussion
Re: Dump just after a new listing?
by
tbterryboy
on 03/04/2021, 17:59:07 UTC
Never heard of this coin. Probably some shit coins.
I thought the same but actually, the coin did pretty well so not sure if the bull run helped it or the coin was made with some seriousness and team behind it.

The first dump was probably due to the fact that the bounty hunters and those who received the coins were dumping everything for bitcoin or other well known altcoin.
This is the biggest problem and why I believe giving out too many tokens during bounty campaigns is going hard against the project itself. Instead of giving out too many coins, I would rather suggest them to do a small campaign and spend small enough that it does not impact the token's price later. There are some thoughts that bounty tokens should be locked for a fixed period of time, but I can't see the bounty hunters working so hard and then not being able to sell the coins when it has the best value.