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.

Honestly. I don't expect previous pattern. But I expect a bull market bigger than previous ones.
There are more coins these days, and with all these, Bitcoin still dominates more than half of the crypto market valuation.
To me,  I expect a bull run. And these time, I'm gonna pair some with some stable coins on Bitget smart portfolio to automatically take profit as it goes further up..

We all expect good things later but please don't leave your coins on the exchange, there is risk in doing that. You don't have to leave your coins on the exchange, you can keep them on your personal wallet and when you think your price target us been reach, you can simply sell your coins and you don't have to go to centralized exchange to even do that, you can simply sell your coin on any decentralized platforms where you don't need to keep your coins and you will be fine. Remember, only a consistent trader leave coins on the centralized exchanges.

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.

Quote from: Metha Wulandarin on May 09, 2024, 03:18:46 PM

Yes, the important thing is to wait patiently for prices to improve, maybe soon the Altcoin season will start, don't be influenced by predictions of pliers without evidence, now Solana has become a project that many people have used.

There are two things that will give Solana a lead in this bull run anticipation, it's either the alt season which we know nothing about yet but perhaps things might change later but actually, nothing for now and the second one is if FTX could clear all the debts they hold their users, money will not only come to the market, people will have money to buy their favorite coins to make back all the loses they have made so far in the last bull run but how soon is that going to happen is what I don't know about.

you can't do this kind of math, in my opinion it's not a given that the money people get from FTX automatically turns into purchases of solana
perhaps they switch to bitcoin or another coin or definitively escape from the crypto market
How do you make sure they turn their money into solana? I do not understand

Long term planning is the way to go without a doubt. If you could put aside even a small portion of your salary into bitcoin every month for 20 years, can you imagine how rich you will be? Nobody wants to wait 20 years to be wealthy but that is the most guaranteed way to make money. Obviously a lot of people will hate it, because they are too inpatient and that means they are going to sell beforehand, or try to get rich overnight with some x100 shitcoin that they risk. Just do what most people did to get rich and retire happy, invest into something way beforehand, and you will do fine on the long run.

Look, don't make me think about it
think I could have bought bitcoins at a time that cost $40 and I didn't
I was saving money for the wedding and I didn't feel like it
so I basically made two big mistakes, one after the other

Unfortunately, these are mistakes that we carry with us forever
you have to dare in life, if you don't take risks you will have nothing