Doing bounty campaign not considered as a passive income it takes your time to make a post in the forum but for me I have a regular job to attend I did my bounty campaign during knock off time. Be choosy in selecting ICO projects make some research, considered especially the team behind and identity or idolized certain manager in the forum so that your spare time will not be wasted and become productive.

As there lots of good bounties on the market, there are also bad ones out there. I think partaking in bounties now is not a waste of time due to the current market trends its a 50 50 affair.

If we look at the trend, we will see that the revenue from the bounty campaigns is gradually decreasing. I think that soon the income from the bounty will be the same as from the airdrops now. This means that the profit will be rare and insignificant.

For me, i just participate in bounties based on how their site looks like, how the team members and their advisors are, and how fast their token sale is moving. I dont put my full trust in a single bounty because i know anything can happen. So if it succeeds, fine. But if it doesnt, no problem.

It all depends on the person. To earn in the bounty, you need to work a lot and do a minimal analysis.

Are the scam ICO and the red market the only basis you have to say that crypto world is in crisis? No I don't think that we are in a crisis now, because as what I have seen, the cryptocurrency is all growing. The red market you say is normal because crypto is volatile to start with. So I will be asked if bounty campaign is a waste or not, I would say that it is always helpful to those people who cannot invest on ICO due to lack of funds. So joining bounty programs is the best option they have to ride the cryptocurrency trends.

If you have enough financial strength to do trading on cryptocurrency, i wouldnt have wasted even a single second on bounties. Some bounties are really disappointing. After building all your hope on them, they easily end up disappointing you and making you loose confidence as well.

Yes bounty campaign now too long paying,  some of them
 paid more than 1 month after ICO finish, since 4 month joined signature campaign I don't get any reward yet.  But bounty campaign only for spend times during my trading activity. Bounty campaign will be offer great income, if you join alot of different  bounty and spend about 8 hours a day for that.

It becomes very sad and unfortunate when you toil for several months for tokens by participating in a bounty program and turns out to be a shit coin or a scam project. I believe most of us here have been victims once.
The fact is, there isn't any 100% working strategy to detect the authenticity of a project. The best you can do to help yourself is to do a research on the project. Study the team members and try to figure out if the team really possess the credentials which they present on their whitepapers and websites. Check out if the advisor chosen for the project is really on board with the team by cross-checking from his tweets on twitter about the projects.