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Author Topic: Crypto Trading Competitions: A Win, Risk Or Hype?  (Read 511 times)

Offline Musa

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Crypto Trading Competitions: A Win, Risk Or Hype?
« on: May 13, 2024, 06:30:12 PM »
Hey there, fellow traders! Have you noticed how crypto exchanges are always trying to outdo each other in attracting new users and boosting trading activity?  Well, one of their favorite tactics is these crypto trading competitions. It's a win-win really. They get more people trading, which means more fees for them, and we get a shot at some sweet prizes. I've been in a few myself, and it's a fun way to test the waters and maybe even snag some extra crypto.

So, anyone here ever thrown down in a trading competition? What was your experience like? Any wild wins or epic fails to share?

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Crypto Trading Competitions: A Win, Risk Or Hype?
« on: May 13, 2024, 06:30:12 PM »

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Offline Smcchamp

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Re: Crypto Trading Competitions: A Win, Risk Or Hype?
« Reply #1 on: May 14, 2024, 07:47:51 AM »
Hey there, fellow traders! Have you noticed how crypto exchanges are always trying to outdo each other in attracting new users and boosting trading activity?  Well, one of their favorite tactics is these crypto trading competitions. It's a win-win really. They get more people trading, which means more fees for them, and we get a shot at some sweet prizes. I've been in a few myself, and it's a fun way to test the waters and maybe even snag some extra crypto.

So, anyone here ever thrown down in a trading competition? What was your experience like? Any wild wins or epic fails to share?

My experience has been bittersweet, to be honest. I think last year I got into KCGI(,hosted on Bitget), but my technical analysis wasn't the best. However, I loved the experience - trading under pressure, networking with traders, etc. I've been in other tournaments since then and made some decent gains too. I'll be looking to get into more this year and improve my performance.

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Re: Crypto Trading Competitions: A Win, Risk Or Hype?
« Reply #2 on: May 14, 2024, 02:51:01 PM »
I tried a few time but never again because there are too many participants with deeper pockets and well set up trading bots. My mentality was that if I cannot land in top 10 or at least top 50, it's just a waste of time and trading fees.

Offline Gurujebs

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Re: Crypto Trading Competitions: A Win, Risk Or Hype?
« Reply #3 on: May 14, 2024, 03:17:44 PM »
So, anyone here ever thrown down in a trading competition? What was your experience like? Any wild wins or epic fails to share?

Trading competition is a waste of time and resources. If an exchange is well liquid and has users, I don't think trading competition is even needed in the first time because it's like force trading where users will be looking for volume rather than profit, this trading activities also bring manipulation of coins, so if you hold that particular coin for that time, you might need to patient even with the increasing volume.

There is this ridiculous trading competition I saw on Kucoin exchange, offering $10k amount for trading competition for 2 months and they will gift $3k for first 5 people and the rest will share small money, why would even a $1k holder be interested in such kind of trading, it's not profitable.
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Offline AvatarSiri

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Re: Crypto Trading Competitions: A Win, Risk Or Hype?
« Reply #4 on: May 15, 2024, 07:42:05 AM »
Hey there, fellow traders! Have you noticed how crypto exchanges are always trying to outdo each other in attracting new users and boosting trading activity?  Well, one of their favorite tactics is these crypto trading competitions. It's a win-win really. They get more people trading, which means more fees for them, and we get a shot at some sweet prizes. I've been in a few myself, and it's a fun way to test the waters and maybe even snag some extra crypto.

So, anyone here ever thrown down in a trading competition? What was your experience like? Any wild wins or epic fails to share?

My experience has been bittersweet, to be honest. I think last year I got into KCGI(,hosted on Bitget), but my technical analysis wasn't the best. However, I loved the experience - trading under pressure, networking with traders, etc. I've been in other tournaments since then and made some decent gains too. I'll be looking to get into more this year and improve my performance.

Good lucky mate. Seems your wish is granted. Saw this on twitter. I'm not so good in trading myself so I'm still considering any competitions lol. KCGI2024

Offline Aanuoluwatofunmi

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Re: Crypto Trading Competitions: A Win, Risk Or Hype?
« Reply #5 on: May 16, 2024, 08:38:48 PM »
Hey there, fellow traders! Have you noticed how crypto exchanges are always trying to outdo each other in attracting new users and boosting trading activity?

In business, there is room for competitions, you're to compete with others who are fast ahead of you the same way those below you will also struggle to meet up to your own standard, this is a continuous process we may be having from exchanges and every other business, that is why we must have a target and go for it, make sure that we involved every essential elements needed to push forward what we do to the next level, we cant be stagnant from the way of operating a business in other not to get overthrown by other new establishment who are working tirelessly to get over on us and take over the lead.

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Re: Crypto Trading Competitions: A Win, Risk Or Hype?
« Reply #6 on: May 17, 2024, 09:36:33 AM »
Hey there, fellow traders! Have you noticed how crypto exchanges are always trying to outdo each other in attracting new users and boosting trading activity?  Well, one of their favorite tactics is these crypto trading competitions. It's a win-win really. They get more people trading, which means more fees for them, and we get a shot at some sweet prizes. I've been in a few myself, and it's a fun way to test the waters and maybe even snag some extra crypto.

So, anyone here ever thrown down in a trading competition? What was your experience like? Any wild wins or epic fails to share?

⚠️ Publishing text written by an AI bot is a type of plagiarism. Anyone who is interested in the bot’s opinion can ask the bot a question himself, so there is no need to publish the bot’s texts on the forum.
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Re: Crypto Trading Competitions: A Win, Risk Or Hype?
« Reply #6 on: May 17, 2024, 09:36:33 AM »


 

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