Quote from: tk808 on August 28, 2018, 10:12:21 PM

Been viewing multiple threads on why coins dip after being listed on exchanges? Most of blame that goes towards bounty hunters and how they sell of coins immediately, effectively causing a mass panic, and eventual dump of the coin below ICO prices. But, they aren't entirely to blame, because ICO creators themselves have ultimately created their problems behind dumps.

Since 2017, bounties have become increasing popular, and with that popularity, they will have: more gates, require higher quality posts/accounts and force bounty hunters to perform more and more tasks, taking up more of hunter's time and effort. Most of these bounties also pertain to shitcoin scams, that are usually dead within 1-2 months after the ICO is completed. So there's a high risk pertaining their time being invested vs. payout.

It's in the best interest for bounty hunters to dump their coins immediately, due to high risks and uncertainty behind the teams of each ICO. If a coin can't pay for it's own advertisement campaign out of its pocket, then they are going to pay through the exchanges. You aren't getting free services/promotions, to further an ICO for no cost at all, there's a cost to everything. And, to add to this, if a coin can't cope with the amount of coins given away for free, then it's time to re-think your marketing strategies, not following the rest of the herd to get a bounty campaign going.

In fairness, increasing competition and the volume of coins launching are forcing all ICO's to have bounty and marketing campaigns. There are different and more lucrative ways to market ICO's btw, but they are less used and not realized yet by the majority of ICO's occurring, due to their lack of understanding.

That being said, there's definitely a high influx of new people entering crypto, and profiting from the few legitimate bounties and will dump instantly to reduce risk. This is only natural, as there are a lot of people around the world looking to profit from these types of things, and they support themselves/families on these things.

Crypto is much different now than it was 1 year ago, and certainty 2-5 years ago, in terms of the people who actually believe in the potential behind blockchain, and what some new coins are attempting to achieve. Most people in crypto have little to no passion for what this entire field entails, "cash out quick before your profits go to 0" type mentality.

just fyi: I've never joined a bounty campaign for an ICO

Edit: The points in regarding that bounty hunters don't cause price dumps, is valid. I was addressing the issue why bounty-hunters dump, as they are the ones that often get blamed for dumping (by everyone). Most ICO's get dumped for several other reasons, but, just wanted to explain this particular instance.

the biggest reason that bounty hunter is a problem is because of the low penalty for death. It's easy enough to kill a bounty hunter when they attack you. However, they most likely only lose 450 gold worth of gear each death. This means that they can attack you 11 times before it's no longer worth it to keep trying. If the bountied player gets killed, they lose an entire prot set, their bounty, and their streak. It shouldn't be that hard to win a fight against someone 11 times in a row. But if they're decent at PvP, they can easily win one of those fights if they steal your kills or attack you without any healing. They could also bring friends to make it even worse.

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