Topic: Is Trading competition good way to earn money? - page 4. (Read 450 times)
You need to have a deep pockets to rank high in trading competitions as the winners are often pick based on the amount of volume they trade. Binance trading contests usually have 2 categories . The first one, You've to reach a minimum trading volume however the rewards for this category is relatively small but its easy to win. The other category is where the well versed, whales excel. You simply can't win against someone using 20-50BTC per trade.
What do you mean by trading competitions? Getting ahead over the others by range of profit? Well it is good in a sense of you'll be forced to do exert your full effort and knowledge in trading. Though the risk in it is that it would be quite tough to monitor and minimize your loss 'cause you're been set to maximize on what you can do in such competition.
Mostly higher volume traders will win with this one or highest earnings. As other said it will hard to win it if you are just small traders,The fact is you can also lost if you join instead of winnings.Because the exchange that runs the competition only has coins selected to participate and you do not know the price trend of that coins so there are possibility of loosing your money.
binance often holds this event almost every month, I participated several times including the dock and mith events. I just play casually because the basis of competition only benefits large investors. This event can be a price booster of a specified duration, but it needs to be careful when approaching a deadline because prices will always fall dramatically. If you believe in your skills, just try it, we prioritize the experience first.
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What do you mean by trading competitions? Getting ahead over the others by range of profit? Well it is good in a sense of you'll be forced to do exert your full effort and knowledge in trading. Though the risk in it is that it would be quite tough to monitor and minimize your loss 'cause you're been set to maximize on what you can do in such competition.
it means the typical trading competition launch by exchange whenever there is a new token listing. This competition requires a trading volume is able to win. You must consider first that this competition is design for whale traders so if you are a small-time trader then don't waste time and effort to participate because whales will just trade there balance back and forth to their second wallet to sustain huge trading volume during the competition while minimizing their expenses on trading fees. Most of the competition consider only the trading volume and not the profit range. That's the sad part on this one-sided tournament of exchanges
But here is my question, can you able to win the competition? If yes, then the simple answer to that question is yes.
But as mentioned above it needs a certain amount of initial capital to compete and if you have the deep pockets you need and understand the possible risks, then, it all means, to enjoy the competition not just chasing of earning a profit.
You can't easy to make money in a trading competition, it requires skills and full of knowledge. Sitting in front of a computer screen executing trade and hoping to make money while risking your money as your capital. But the result is unpredictable, earning or losing money.
But as mentioned above it needs a certain amount of initial capital to compete and if you have the deep pockets you need and understand the possible risks, then, it all means, to enjoy the competition not just chasing of earning a profit.
You can't easy to make money in a trading competition, it requires skills and full of knowledge. Sitting in front of a computer screen executing trade and hoping to make money while risking your money as your capital. But the result is unpredictable, earning or losing money.
What do you mean by trading competitions? Getting ahead over the others by range of profit? Well it is good in a sense of you'll be forced to do exert your full effort and knowledge in trading. Though the risk in it is that it would be quite tough to monitor and minimize your loss 'cause you're been set to maximize on what you can do in such competition.
i just wondering is this a way of earning?
Yes, it is a way to make money, but that is only for traders who can win the competition.
i personally think that this technique is used by exchanges to make volume of particular coin or token
I think that trading competitions are not for one or two coins, but all coins in that exchange and the traders need to make as much money as they can in that competition. But I don't know if there is only one coin that has been traded.
The agenda is how it's possible to earn some money through trading competitions and what are risks?
I don't try to participate in trading competitions because I don't feel that it will be easy for me to make money. Besides that, I think that I better to do usual trading than in trading competitions in those competitions. I am sure that many high-skills traders are competing with each other.
Well I also believe its made for big players. Thank you very much sir
There are several forms of trading competition. One of them is to compete and see which one ended with the highest profit in percent compared to their initial capital. I think this one is not so bad as long as there are clear rules and liquidity is good enough so no one can move the market up or down as they please. The other is who got the highest profits in the number of tokens, which favors those who have better capital and small fishes will likely die if they compete in this one.
If you're a small trader, avoid the latter in any given scenario.
If you're a small trader, avoid the latter in any given scenario.
Your reply will help so many newbies, I'm very thankful sir
There was actually a trading competition a month back for a discord that I frequent. Its called Crypto Cartel and it had like maybe 15 entire or so.
You had to put in like 0.01 BTC to enter the competition and the results were pretty bad. Basically the top 3 made a very small profit and the 4-5 spot lost money but since they lost less than the 6-15 spots they actually made money from the pot.
I think the #1 trader made like 0.07BTC and the other 2 made very little from a 0.01BTC starting balance, the rest were all loses.
So its possible to make money this way because most traders are bad traders.
You had to put in like 0.01 BTC to enter the competition and the results were pretty bad. Basically the top 3 made a very small profit and the 4-5 spot lost money but since they lost less than the 6-15 spots they actually made money from the pot.
I think the #1 trader made like 0.07BTC and the other 2 made very little from a 0.01BTC starting balance, the rest were all loses.
So its possible to make money this way because most traders are bad traders.
Thanks for sharing your experience
There are several forms of trading competition. One of them is to compete and see which one ended with the highest profit in percent compared to their initial capital. I think this one is not so bad as long as there are clear rules and liquidity is good enough so no one can move the market up or down as they please. The other is who got the highest profits in the number of tokens, which favors those who have better capital and small fishes will likely die if they compete in this one.
If you're a small trader, avoid the latter in any given scenario.
If you're a small trader, avoid the latter in any given scenario.
i just wondering is this a way of earning?
Yes, it is a way to make money, but that is only for traders who can win the competition.
i personally think that this technique is used by exchanges to make volume of particular coin or token
I think that trading competitions are not for one or two coins, but all coins in that exchange and the traders need to make as much money as they can in that competition. But I don't know if there is only one coin that has been traded.
The agenda is how it's possible to earn some money through trading competitions and what are risks?
I don't try to participate in trading competitions because I don't feel that it will be easy for me to make money. Besides that, I think that I better to do usual trading than in trading competitions in those competitions. I am sure that many high-skills traders are competing with each other.
I think new trader or who have low amount of money shouldn’t join trading competition. It is risky.Because exchanger will announce Winner who Traded maximum amount.In this case new trader and low amount trader will try to trade hurry and face huge loss. So,let it go. If you have enough money and expert in trading then you can join this competition.
There was actually a trading competition a month back for a discord that I frequent. Its called Crypto Cartel and it had like maybe 15 entire or so.
You had to put in like 0.01 BTC to enter the competition and the results were pretty bad. Basically the top 3 made a very small profit and the 4-5 spot lost money but since they lost less than the 6-15 spots they actually made money from the pot.
I think the #1 trader made like 0.07BTC and the other 2 made very little from a 0.01BTC starting balance, the rest were all loses.
So its possible to make money this way because most traders are bad traders.
You had to put in like 0.01 BTC to enter the competition and the results were pretty bad. Basically the top 3 made a very small profit and the 4-5 spot lost money but since they lost less than the 6-15 spots they actually made money from the pot.
I think the #1 trader made like 0.07BTC and the other 2 made very little from a 0.01BTC starting balance, the rest were all loses.
So its possible to make money this way because most traders are bad traders.
I personally say no. Why.? if you are only a trader with small funds. You will only get a loss from competition trading. because the price is controlled by large coin holders. in addition it is a strategy to create opportunities for investors to sell their coins when purchasing at ICO. then the price will always fall. several times I saw that, and finally coin lost value. the rules for winning the competition are those who have the biggest transactions (buy and sell) so, I think those who have the biggest funds will buy and sell back quickly. so as not to lose and keep winning in the competition.
Wow nicely explained with facts. Thanks sir
I personally say no. Why.? if you are only a trader with small funds. You will only get a loss from competition trading. because the price is controlled by large coin holders. in addition it is a strategy to create opportunities for investors to sell their coins when purchasing at ICO. then the price will always fall. several times I saw that, and finally coin lost value. the rules for winning the competition are those who have the biggest transactions (buy and sell) so, I think those who have the biggest funds will buy and sell back quickly. so as not to lose and keep winning in the competition.
i just wondering is this a way of earning?
It is.i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.
The other purpose is to pump the exchange ranking on sites like coinmarketcap.The agenda is how it's possible to earn some money through trading competitions and what are risks?
No other risk but to lose money.When joining trading competitions, make sure you choose those held on established exchanges. This is to avoid or lessen the possibility of competing against wash traders (buying/selling their own orders).
Thanks for explaining bro,
i just wondering is this a way of earning?
It is.i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.
The other purpose is to pump the exchange ranking on sites like coinmarketcap.The agenda is how it's possible to earn some money through trading competitions and what are risks?
No other risk but to lose money.When joining trading competitions, make sure you choose those held on established exchanges. This is to avoid or lessen the possibility of competing against wash traders (buying/selling their own orders).
hello crypto heroes.
As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?
i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.
Please Note: it's not our agenda what is purpose for these trading competitions.
The agenda is how it's possible to earn some money through trading competitions and what are risks?
Please share your thoughts and Your experience below,
i believe it will be very helpful for newbies, and also for those are not familiar with.
Why I'm asking here?
The Reason is: BTT is world's biggest Crypto Related Form so why not to discuss every single thing about crypto,
I will be very thankful to all of you guys if you also share your tips and tricks.
As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?
i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.
Please Note: it's not our agenda what is purpose for these trading competitions.
The agenda is how it's possible to earn some money through trading competitions and what are risks?
Please share your thoughts and Your experience below,
i believe it will be very helpful for newbies, and also for those are not familiar with.
Why I'm asking here?
The Reason is: BTT is world's biggest Crypto Related Form so why not to discuss every single thing about crypto,
I will be very thankful to all of you guys if you also share your tips and tricks.
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