Topic: Trading campaigns helps level up trading for traders (Read 452 times)

It does have its cons and do have its own benefits on which its true that on the time that they would really be joining up a competition then they would really be doing their very best on going to the top on which it would be a common approach that they should done well in regarding about into their trading activity and should be making out adjustments on whatever condition that you would really be able to encounter. It is really just that normal that you would really be gotten serious on the time that you would really be on such condition on which it would be a normal approach and reaction to have.
Just like on whats been mentioned above that exchangers or platforms such as these are indeed business so to make things a bit more interesting and would be making themselves creating some noise about their existence then they would really be making out these kind of interesting and generous competition and its prizes so that it would lure down traders to make use of their site and since we do know that they are making money with those fees then this is everything about business on which its normal..

It can't be denied that the platform earns more benefits from this campaign. However, this will also encourage traders to be more knowledgeable in order to win the competition. I don't think this will end up making wrong calls if they were able to act carefully, and the aim of winning. Otherwise, it makes no sense to join the competition. What I see with this is that it brings out the best possible strategy that a trader can do.

Importantly, we know and are aware of how the competition rolled out.

These sort of campaigns only creates more greed in the mind of trading and they end up making wrong trading calls just to meet the volume target. This seems like encouraging the trading but infact it's just a technique to pool in more funds from the investors to increase the trading volume in the platform. Ths doesn't bring best out of the traders rather brings in more funds for platform.

True, you should be having this kind of realization but somehow its not really that bad to make these things to be your inspiration or something that would be pushing you. Its not bad on having an aim specially if the said prizes or reward is something interesting. The only thing that you should really be needing in mind is that you shouldnt really be finding yourself that lose your composure and patience on which we know that once that
desperation would really be kicking in then it would really be that so damn hard for you to control it out once you do have that lacking of self awareness on how reality works.

Doesnt matter if there would really be those promotions as long you are really that doing well with your trading then this what matter the most.Its not bad on having that kind of aim or target
as long it doesnt really disrupt your concentration when it comes to your trading analysis then i dont really see any issues with this. You can really be able to proceed out without
having any intervention with those things on which it would really be just that a normal approach to have.

True, various kinds of listing events and trading campaigns indeed encourage users to trade in a marketplace that's why traders need to find such platforms that are regularly offering activities with their new listings. TBH trading competition is now considered a traditional event so not only Trading competition but also to organise other relevant activities that can boost user's confidence and level up his experience. I can name a few exchanges that are following particularly because of their exciting events aside from trading competition are Bitget, Gate, Kucoin, Mexc etc. Also, most of the events, if being organised by any exchange are from Bitget, from my recent observation they're likely to offer 2-3 activities like CandyBomb, Deposit Rebate, and Giveaways with each new listing project.

Do not fall for this, if you are a good trader and you have a capital that is high enough, you will be able to afford those luxuries on your own without depending on those incentives.

The only ones that could possibly be attracted by this are those that know they are not good enough to beat the markets, but still want to get something out of their efforts, but they are just deceiving themselves, as in order to qualify for those rewards, they will have to lose way more money than what it could have cost them to buy those items with cash.

These could "help" for some people, but it is not really a must, and there are a lot of people who are so big and better than most people will not get anything out of it as well. I personally try to trade for myself and only for myself, nothing else matters to me and I rarely ever make money during this period obviously, so I do not care about the other campaign stuff or competitions or anything else for that matter. I get that it may feel like it is going to get a lot worse, but we should probably just be happy with what we have.

I believe that we are going to have something troublesome eventually, that has to be the most important part. I am aware that we are going to face some troubles with time, we just need to be patient about it and grind through all of that.

When running up a business like being an exchange owner or broker or whatsover then it would really be just that normal that you would really be giving out those kind of perks or some sort of promotiosn and those kind of competitions on which winning up a particular prize. This would really be that spark up someones interest and would really be that dedicative on trading up more which means that the more volume that a trader would really be creating then this do talks about having more bigger revenue when it comes to trading or makers fee on which its not really that shocking that they would really be aiming for more because that brings up more money.
Those prizes has been set will really be that might be looking that generous but actually this would really be that acting to make things even more interesting but in behind then its really just that a lure up
for people to trade even further or more on which its nto really that something new when it comes to business mindset and its really just that a normal approach on having this one.

Trading with $1000 is completely different from trading with capital of $100K that's why I said focusing on getting the rewards of trading competition which is solely based on the trading volume. It is just a win for the platform not for us, we just have to stick to our plan even if we are making progress gradually which is lot better instead of going hard and losing big.

It was not a problem as long as they were following the rules and in good intentions. Of course, the site will get more benefits from doing but of course, the winning trader would also take their prize while those who are not will also gain experience and additional learning. It is up to the trader if they will join, in fact, this is not a urging situation but just an opportunity. Those traders who find it beneficial will fairly make their choice to join but doubtful traders will not.
In the end, it is a sort of hyping of their trading platform and encourages traders to learn more.

The only intention of such a campaign is to make everyone to trade more which is obviously going to bring more profits to the platform cause more fee/more commissions and more fee in withdrawals. Don't you eve think that you should trade more to get the prize because it obviously going to be end up in the hands of a big trader/whale who can create a volume in millions with just one trade.

I do agree that when you are trying to do your best, a trader will see the problems before they see the benefits of it. Well, simply because seeing what could benefit and profit them is easy, you could go find some terrible token, and say "if this goes 100x then I am rich" and then you could invest, that is not the point, everyone can do that. They end up looking into what could go wrong, that is a lot better because it would mean that you will see all the things that could go wrong.

This means that you get to eliminate all the bad possibilities, and find only the good trades that could do well. This allows people to make much better judgement and allows them to do greater on the long run as well, benefiting them a lot.

I also think campaign would also benefit traders for providing experience and practical knowledge trading in the market. Because where else would you seek trading advice right, that should be ask from the traders themselves. With such competitions, it could also create a community where psychology are prioritize because after all trading is a mental and performance game.

However competitions for having the largest gain could lead to bad habits of overleveraging. I think in competition it would be better to measure it by consistency of results than the largest percentage gain.

Usually traders hope for high profit by trading, many times it is seen that the high profit comes and gets damaged by being too hasty while trading. Therefore, in trading, we must acquire enough knowledge about trade because if we do not have enough knowledge about trade, then we will not get much success through it. In the field of trade, we always have to have a long-term plan. Many times it is seen that newcomers come to trade in a hurry, so we should not rush and check the market. In trade, however, we have to be patient, many times we lose patience, so we have to trade without losing patience.

But at the end of the day, still going to be a win-win situation for the exchanges themselves. Yeah, they can incentivized traders with this so called attractive rewards and others. However, this is just a business model that everyone can used, even gambling platforms have this kind of promotions to attract gamblers like for example, win a tesla cyber truck.

So it's all gimmick moving forward. Maybe you can justify it like that you will have gain experience from joining the competition. But at the end of the end, the winner will likely have spend a lot of money too and who knows, even if they won this so called big prices, they could still be in the negative side of the trades.

Well, trading campaigns do have many advantages. Apart from being profitable for the exchange itself, this also encourages traders to be more active in trading. This not only helps improve traders' skills, but also adds experience to traders in competing in trading. Apart from that, this also makes traders more prepared to accept the risks of trading for a certain period of time.

It is quite interesting and tempting especially if you are new to trading. But I don't think this would gain interest from old traders, not in this case as it only is particular in Bitget. Well, of course, I support this kind of marketing strategy believing that Bitget can be trusted but in those suspicious platforms, I'd rather say NO.
They will be getting serious about this because traders are expecting something in return. Otherwise, this will be a reason for dragging down their reputation and that also ruin the entire crypto market. I hope this won't just be a sort of competition but a sort of making trader more realistic and careful with their actions.

This is another strategy for trading platforms that will eventually create a high demand most especially for those who are eager to trade and make profits. But of course, just like gambling casinos, these trading platforms have already planned this to increase their exchange’s revenue, but at the same time, it also offers an advantage for traders as they can be an outlet to harness the trading skills of these traders, and develop new strategies that will definitely work for them. So at the end of the day, both parties will benefit. It’s like 50-50 scenario after all.

Well, it takes good trading strategies so you will be more confident to join the competition. And unfortunately, not all traders are capable of that. But everything can be learned in trading, it just takes time to increase your trading experience in the market and you’re good to go. Patience and market consistency are the keys. If you are not patient and consistent in learning, then obviously this is not for you.

While this type of trading competition can be taking advantage of our trading fees, but isn’t this a good activity that will also motivate us and improve our trading skills and strategies? Certainly yes. With the prizes at stake, even big whales will also develop interest to participate, hence creating more traders to be more competitive on their chosen field of career, or side hustle.

If they are a wise trader yes but if not, they think those items are more worth it for their losses. For us non-traders, we are against those schemes like that made by exchanges because it's obviously a type of manipulation but there are people who don't mind that only to gain a benefit.

The second promo you said there is still expensive for a poor trader and for those who can afford it, they can either receive a minimal reward or they are not guaranteed yet to get rewarded because it will mostly get raffled but the prizes this time is a little better. I'm sure a lot of wise traders are still going to think twice for this and can end up not participating on it.

Yeah, obviously OP is beyond any doubt. There is no doubt that there may be risks in trading. In trading you have to change stances under a proper strategy because, as you said, on one side there is a there is a huge gain or decline, while on the other side there is liquidation. So monitoring all these and making your strategy or plan based on them is quite difficult, that is, trading needs a lot of effort. And if you didn't know about these points so indeed you can lose. became crypto market is a high volatility based market in it one thing has to be taken into consideration then there is a chance that your loss ratio will be low. But it also depends on you and what your stance is against the volatility of the market. 
 
So it means that it is correct to say that if you do not have full market awareness in trading, then you can lose. became of high volatility as well as market liquidation. So all these all points should be analyzed and acted upon otherwise, the other option may be lost.

Even with the smallest prize to get $50 SOL must have a trading volume of $2,000,000 let alone if you get a Tesla model S car - $2,000,000,000 must have such a trading volume then this is only the pope can do it, like we will not be able to have such a volume.

What if they have a loss and do not get a profit because they do not reach the target, then here many say that it is the event organizer who will make a big profit from the trading fee commission.
For me this is something that is difficult for anyone to do, unless they have millions of dollars but like us who can do this?
If you only do motivation and strategy in trading then just trade normally if you follow this event there is always pressure where you want to achieve high volume but in the end there are losses.

it is good to make a positive research before entering market of trading because if you don't make a proper research in Trading you will not be able to make a profit so many of us today who lose in trading such thing happened to them because of lack of experience when you understand the system of trading very well I don't think that you will experience much loss it's not that you know it very well in Trading but at least you will be making a profit in any of your trading so before we open a trading market we have to observe the movement of the candlesticks and they also know if the market is going to be favorable to us or not that is why it is advisable to make a proper research before we enter into trading

Bitget is really encouraging people to trade. It can be a motivating factor but I'm not sure how effective it was in making traders improve.
IMO, this is another marketing trick used by the said platform and a way to build community. For starters, this could be a good opportunity for them but I'm not sure old traders will find it attractive because, for me, I prefer to stay on the platform that I am already familiar and comfortable with. It was not the prize or any rewards but what is most important for me the reputation and funds security. But of course, there is harm in trying especially those who are in search of trading platforms.

Hmm, there's no doubt that it is a win-win for traders and the projects both, trading volume and activities can be motivated by such events but these activities possess some kind of risk as well, mostly new project launches such as token rewarding or asset rewarding events in which they mostly restrict the user to trade with their suggested pair only, which can cause a loss if team play any shady trick don't hat time, so never get lost with the rewards by ignoring the risk management.

Haha, at the same time, these Bonus picks are for the whales who already possess a much larger capital and don't desire to risk more with such promotional campaigns, but the random distribution events really attract the retail users as well.

Yeah.. The risk in trading is always taken into account. Especially during this high volatility period. Apart from the event, trading is for people who really have the mind to take anything in the market because where there is huge gains, there is also liquidations. And one needs to be fully aware of these.

Yeah.. There is always minimal requirement and most trading events are not for everyone to join. At times, the event can be for some specific regions also.

well to be honest trader will still try to see whether the benefit outweight the loss they might have when trading for event like these fairly speaking exchange like bybit and so on always incentivizes trades on certain coin just for the sake of pumping its volume and will give rewards the token itself for free for whoever traded with the pair that is being sponsored, I think that also the reason why many exchange when having new listing always have the trading volume shoot up high reaching billions since the system of the rewards itself is first come first serve.
so its definitely not a new thing, but i personally always find events that requires trader to make as much trading volume as they can always problematic, there are so many money that gonna be risked just to reach certain degree of trading volume where the loss may outweight the rewards, if its an event where there's just this one mandatory trading where value is equal to $100 or more its gonna be completely fine and yes it does motivate trader to certain degree.

To be honest, I see it the same way. I have often taken part in gambling competitions on various platforms such as WinDice in the past. The result was always the same: Whales with the corresponding amount of Bitcoin on the respective casino won the competitions and took the prize money (which in some cases was well over 0.1 BTC in 2018).

Unfortunately, this is also the case with trading competitions. A whale simply takes 100 BTC, exchanges it for USDT and immediately swaps it back ... and has a trading volume of 200 BTC. Someone with just a few BTC will never achieve such a volume, even if they carry out the trades constantly ... especially because fees are then also due and reduce your own holdings. 

Trading campaigns are not for every traders, newbie traders, inexperienced traders and traders without sufficient trading funds will likely not win in these competitions, they'll end up over trading and burning out their limited trading capital. Whale traders and experienced traders are the most suitable contestants to win these competitions because they have the money and skills to go far and win. Just like the casino owners, the trading competition organizers are not charity organizations, they're into business to make profit, and the more competitor's means more fees and popularity, so as they're rewarding winners, they're also gaining.

IMHO, every establishment has their own ways of marketing their platforms and that's just part of everything. As for these trading competitions, it's possible that they're attracting new users of their platforms but have been trading in some other exchanges. It's actually a good way to promote and gain more good traders into their platforms. Because the more, the better and more commissions they get from each of the trades that these good ones make.

It's a competition and just like @Bitcoin_Arena says, only whales will take advantage of this kind of promotion and it's not a competition but rather a campaign ad to have more big traders to come join their site. Though it would be nice if they offer a daily challenges to players or side quest they can beat to have a special discount or might get a new coin offering  or they'll have at least a discount in the trading fee or something like that.

In this way all traders no matter small or whale could enjoy up and would definitely help them to grow and keep trading entertaining.

Yeah. Because even when the traders suppose to do the best thing he won’t since his mind will be in where he will get those things from and exchanges also he will use huge amount of money to trade so that he will be the winner of the competition which is not the main problem here. The things is these trading platforms are doing advertisements and this is what some traders are still yet to understand, those people are not doing this for the sake of motivating their customers to use their platforms for more than the time they have been using it, they are doing it because they want to get more people in their platform, and this is what some traders did not understand.


Also they should get more traders to joint their platform and trade using the exchange, so some traders who are still yet to even get enough skils to trade, are rushing to join the exchanges to trade and risk their money which most of them may even lost, because there is no way you will trade without the knowledge of trading, and this one is competition, which I believe it will make them risk more than what they can afford to lose.

It's okay if you call it a campaign but it has been conducted since a very long time. If I limit the time, I would say since over 20 years now. And of course, it has been helping traders and it can come in different forms. I became what I am in trading today because of these kinds of programs, and what helped me mostly was the programs where brokers would invite interested traders to post on their forums, just like what we do here and will be giving us incentives. The arrangement is that the money you accrued through your activities on the forum would be deposited into your trading account as bonuses, and you can trade it as you like.

The profits gained from it can also be withdrawn with no questions asked. I must say that I participated in such a program for over 10 years and I made so much money and most importantly gained enough trading knowledge. This helped me stop losing money directly by depositing in my trading account and that alone is a big encouragement for me to keep on learning even as new deposits are entering my trading account weekly. What a grace!

Today, if I flash back, I always appreciate such a program that made me train, test, reorganize and restructure my trading systems and styles until I eventually discovered myself and my path in trading. But unfortunately, those of Bitget and others are not so the same, but at least, could still prompt traders who believe they can win something, and for this, try their luck. But for me, I rather prefer the demo context to all these, after all, nothing is to be lost even as you gain more expertise.

I do not see those contests with the same light, since on their desire to obtain one of those prizes, traders may overtrade the markets or leave behind their money management strategy and use too much money for each one of the positions they open, so even if they were to win one of those prizes, most likely they will lose more money than what it could have cost them to buy the item outright, plus this could lead them to develop mistaken habits which could later cost them even more money.

It looks like exchanges are now following the path of crypto casinos. Casinos are known to attack new and existing gamblers by holding wagering competitions in the past to increase their revenue. The same is being done by the said exchange to get new traders and attract existing traders. I do wonder how many traders have won those awards and whether such competitions are completely fair towards the traders. I have seen Binance and a few more exchanges organizing such events but they do not offer physical rewards, they offer tokens which I think is fair enough as participants do get to see their rewards.

I think this kind of event will test your discipline and risk management levels, such as how you perform under pressure. It's a good challenge, and even better if you can meet the requirements and compete for the listed prize. I would have taken on this challenge myself, but unfortunately, I just noticed that the campaign is only open to users in the UK, Canada, Australia, DACH, France, Italy, Netherlands, Sweden, and Poland.

I do not see any problems with participating in trading competitions, they can serve as a motivation to make you improve on your trading strategy and become a more successful traders. They also have their bad sides but you are incharge of letting those bad effects to have an impact on you. You do not have to forget about the discipline you should have as a trader and ignore your trading strategy because there's a competition that you want to win. If you trade and lose, you do not have to continue trading when you know what is motivating you is a prize reward and not because you have reanalyzed your strategy and you saw some mistakes that made you to lose the trade. Trading competitions should only motivate you to becoming a very good trader that follows all the guidelines to prevent losses and not letting trading competition shift your attention to sometimes different.

These types of contests favor the whales. Well, they are being favored every time, right?

I bolded the text so many can see that the contest or in this case campaigns is based on the trading volume. Average investors can join, but their chances of winning would be lower because those who are rich are the ones that will win. If not the rich people, those who are expert in trading are the ones that will win. If an investor will join solely for these types of campaigns, then I guess it isn't worth the try especially if you're a newbie.

It would be better to just trade as it is and don't focus too much on these campaigns. I know that these are being added on these Centralized Exchanges to attract investors, but at the end of the day, your main goal when you're trading is to make more money and not these items.

Trading campaigns attract many people to follow them, regardless of whether they have good trading skills or not. They want to get this tempting prize and try to be one of the winners. This is actually a good move for trading platforms to attract more people to join.

However, traders should be aware of the extent of their trading abilities. If they don't have good trading skills, they shouldn't follow it. They can continue trading as usual because competition in the trading campaign will definitely be tight. There will be a sudden rise in emotions because they want to be one of the Top Traders and that will make them lose control of themselves in trading.

We don't need to force ourselves to join such campaigns if we realize our lack of trading ability. We should learn more so we can improve our trading skills. There will be many other trading campaigns in the future, so we don't need to insist on following them.

Trading is risky and if  you trade to achieve KPI, just a word, to meet trading volume and other requirements to win prizes of a trading competition, I am quite sure that you will put your capital to bigger risk.

Do you think why exchanges host those trading competitions?

It's because they can get benefit from these events. Their users trade more, the exchange earn more from trading fees and if it is margin, futures trading, they get more trading fees than with spot and even much more by liquidate their users' trading positions.

Those campaigns are created to get volume on coinmarketcap. The exchanges that offer such campaigns aim to get all those traders who get greedy after seeing something like that and in greed they continue to make a lot of trades to create volume so they could earn the rewards.

During that some of those traders end up loosing way more money than they earn even by winning those rewards. There are only a few exceptional traders who find such campaigns as an opportunity and instead of focusing on trading volume they look for those who try to create that volume and earn profits by buying/selling at right times.

It's kinda experimental as this is not existing before. This approach could potentially shift the focus from purely financial gains to the excitement of earning luxury rewards. For traders, this mans an additional layer of goals beyond market profits.
However, there is also a risk that such incentives could encourage excessive trading or taking unnecessary risks to meet the requirements for rewards.

But risks should be taken into account as well. For instance, they could end up burning a lot of money and not getting the reward they want or at least the same value of the funds burned. But hm, I think most people in the forum are not whale enough for such contest.

Those that are good can join them but for someone like me that don't trade a lot but wants to make some profit, maybe if you're qualified to join and just want to experience how it goes, you may try to go.

The incentives that the traders will get there could also help them more with their trades if ever they win. Those prizes are good amounts and encouragement to those that are good in trading.

But, there's always the minimal requirement that's needed and it's not for everyone to join.

Well, its a very good thing truly, that trading platforms will give prizes for those traders that will make a higher trade volumes and maybe earnings also, although this will motivate those traders to trade more and also can drive them to learn more about trading in order to trade profitable, there will always a disadvantage to it, like OP said that this will drive those traders to trade more, some for sure will be desperate because they now or they want to get the prizes and that's when greed will come, they keep on trading even though they know they lack something, they lack in terms of experience or knowledge in trading, in short of for other this will serves as a motivation for others it will make them desperare, well wr can't control people or what will they do so its up to them on what they will doing in trading.

Except for maybe just gaining experience, a variety of traders lose out on the rewards that are usually given out to the few. Such competitions mostly favor whales as they have very high trading volumes unlike retail traders with small accounts.

Compared to the prizes top traders win, exchanges often make a lot from trading fees in such competitions. They are just aimed at upping an exchange's revenue.

Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits