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?
I beg to differ your opinion on this if a project is scared of dumping tokens by the bounty hunters then the project most probably does not have self worth in the first place, i believe that if a project is able to show itself worthy bounty hunters and even more investors will wish to hold its coins/ invest in their coins and bounty hunters jobs is to only help the company to publicize the project and they are just getting back what they should be getting.