Christmas bonanza with massive rewards

[hugeblack]

If I were to trade in these events, I would likely lose in process so I don't bother with such events in first place. By the way, Is there anyone who won in such events prior? (I understand such events are held by reputed exchanges but I am still quite skeptical about them.)

I know someone who won such events and I won one in 2018 but at that time the market was small and the project really aimed to gather followers. Now the market is huge and these projects do not need to spend a lot on promotion. With a minimal budget they can run a successful campaign, so I do not think the chances of winning such events are good.

[Faisal2202]

The crypto industry never ceases to amaze me. Launchpools and giveaway events are often exclusively organized for traders. You can imagine how skeptical I felt when my friend told me about a Christmas trading bot bonanza through which traders get to win 10,800 USDT in trading bonuses, also depending on how much you trade during this Christmas season, top-ranking traders get to win massive airdrops rewards. On top of that, trial funds for BTC trading bots is included.

I kept being skeptical about it because I have not participated in any of these before. I would like to know if anyone has participated in bonanzas before. Do you think I should go ahead with it ?

If a reputed exchange is offering these then the chanes of getting one are higher, on Binance their was a 1 BTC button game, and on many other exchanges they have trading contests, voulne contests etc. to give their winners and users some rewards. I don't know if the rewarding system is not polled but they do give rewards to the winners.

If you trust the exchange giving these offer then you can give it a try but keep in mind chasing such bonuses can take us to some wrong path like on a bad exchange and to get the reward once we deposit funds we can lose them. Most of these offers can be scams so DYOR, speaking of airdrops they can be real, as I have joined too many airdrops and made not a good reward though but many exchange did reward tokens as airdrop reward.

[CryptoBun]

If I were to trade in these events, I would likely lose in process so I don't bother with such events in first place. By the way, Is there anyone who won in such events prior? (I understand such events are held by reputed exchanges but I am still quite skeptical about them.)

I know someone who won such events and I won one in 2018 but at that time the market was small and the project really aimed to gather followers. Now the market is huge and these projects do not need to spend a lot on promotion. With a minimal budget they can run a successful campaign, so I do not think the chances of winning such events are good.

It’s true the chances of winning may be slim but when i found out the bonanza was held by an exchange and my friend won some rewards, i realized i was just being unnecessarily doubtful.

[Bobcrypto]

If I were to trade in these events, I would likely lose in process so I don't bother with such events in first place. By the way, Is there anyone who won in such events prior? (I understand such events are held by reputed exchanges but I am still quite skeptical about them.)

Yeah trading bot competition are mostly found in Big CEX exchanges but i never borders myself on them because bot are bound to loss trades overtime. I have tried trading bot with a trial funds on Kucoin exchange but no success. The bot could not make a dime, it was just a wasted effort, though Kucoin is reputable exchange, one of my preferred exchange.
Generally speaking, I think it is better to trade with your own experience and personal effort than relying on some bot to earn profit.

[taufik123]

Yeah trading bot competition are mostly found in Big CEX exchanges but i never borders myself on them because bot are bound to loss trades overtime. I have tried trading bot with a trial funds on Kucoin exchange but no success. The bot could not make a dime, it was just a wasted effort, though Kucoin is reputable exchange, one of my preferred exchange.
Generally speaking, I think it is better to trade with your own experience and personal effort than relying on some bot to earn profit.

yes, you're right, bots won't help completely or provide instant profits easily.
There will be mistakes that can happen, especially when the market is unstable.

The bots used are biased copytrading bots and Grid tarding, If you want to try it, then only use the minimum amount of money that you can afford to lose, Don't try with all your money, because losses will definitely occur and don't easily trust bots.

I also rely solely on Spot trading with my basic knowledge, so I know when to enter and when to exit to take profits.

[Z-tight]

I don't know how lucky i need to be to win in such events, so i do not even try, so i don't lose while trying to win something. If such a thing is organized by a 'reputable' service, then it is okay to try it if you want to, but i don't waste my time with things like this to be honest.