Trading Competitions - page 2. | Bitcointalksearch.org

SyndicateLabs

full member

Activity: 896

Merit: 100

PredX - AI-Powered Prediction Market

Quote from: Coin BTC on September 25, 2019, 06:55:33 PM

Quote from: weidex on July 17, 2019, 10:28:33 AM

Guys, do you think is worth doing them and is it a good time to do one? And what do you think about trading competitions at all?

I think it's an amazing idea if you can do it. There are many projects that conduct trading competitions. This will make the coins sell faster than not competing. One of them is Bcnex which has done so recently. Sorry, not promoting it, because the promotion period has also been completed.

Agree that the trading contest will make the project more popular and its volume will increase rapidly. But there is also the problem that its price can go up and make many people suffer losses if the investment does not learn.

bassbity

sr. member

Activity: 1092

Merit: 284

In fact, many are holding trade competitions to advance their projects with large rewards for winners, even when the volume is high.

rdewilde

full member

Activity: 925

Merit: 100

Quote from: weidex on July 17, 2019, 10:28:33 AM

Guys, do you think is worth doing them and is it a good time to do one? And what do you think about trading competitions at all?

Trading competition is good for the overall entities of that project, that is, the members, the exchange and the project in question. In the case of members, it gives them the opportunity to earn more tokens but however, they need to be trading experts. In the case of exchange, it helps to increase the volume of that exchanges as well as increasing its activities too. Finally, in the case of the project, it helps to increase the price while making the project to have more volume. So in all ramifications, I think trading competition is good, but make sure you are an expert before getting involved.

dark08

full member

Activity: 798

Merit: 104

Trading competition is a kind of promotion to attract people to know that altcoin project most of the exchange site in the market provide trading competition because this is good to market the altcoin to make people being aware of the project, so if your lucky and make huge volume you will get a good reward.

Coin BTC

member

Activity: 721

Merit: 19

Trident Protocol | Simple «buy-hold-earn» system!

Quote from: weidex on July 17, 2019, 10:28:33 AM

Guys, do you think is worth doing them and is it a good time to do one? And what do you think about trading competitions at all?

I think it's an amazing idea if you can do it. There are many projects that conduct trading competitions. This will make the coins sell faster than not competing. One of them is Bcnex which has done so recently. Sorry, not promoting it, because the promotion period has also been completed.

#Darren

sr. member

Activity: 784

Merit: 250

DIA | Data infrastructure for DeFi

Trading competition is a good way to promote your coin, but I think they are mostly unfair. If a guy has 100 BTC, he can win almost every single competition just buy doing 2-3 trades and it does not matter on what exchange he does that.

budi12

member

Activity: 262

Merit: 12

Quote from: weidex on July 17, 2019, 10:28:33 AM

Guys, do you think is worth doing them and is it a good time to do one? And what do you think about trading competitions at all?

in my opinion the trading competition carried out by several ICO / IEO projects is very good because this method can attract investors and traders to buy and sell using these coins ... so as to be able to boost sales until it reaches hardcap ... as has been done by the BCNEX project so that their project reaches Hardcap (88%) by holding several competition trading sessions ...

budi12

member

Activity: 262

Merit: 12

Quote from: weidex on July 17, 2019, 10:28:33 AM

Guys, do you think is worth doing them and is it a good time to do one? And what do you think about trading competitions at all?

in my opinion the trading competition carried out by several ICO / IEO projects is very good because this method can attract investors and traders to buy and sell using these coins ... so as to be able to boost sales until it reaches hardcap ... as has been done by the BCNEX project so that their project reaches Hardcap (88%) by holding several competition trading sessions ...

budi12

member

Activity: 262

Merit: 12

Quote from: weidex on July 17, 2019, 10:28:33 AM

Guys, do you think is worth doing them and is it a good time to do one? And what do you think about trading competitions at all?

in my opinion the trading competition carried out by several ICO / IEO projects is very good because this method can attract investors and traders to buy and sell using these coins ... so as to be able to boost sales until it reaches hardcap ... as has been done by the BCNEX project so that their project reaches Hardcap (88%) by holding several competition trading sessions ...

retnoanjani

full member

Activity: 630

Merit: 100

trading competition is one way to get cryptocurrency in a very pleasant way. Especially if the tokens are provided free by the exchange. It also trains trading skills and analyzes market movements. So you can get two benefits at once. An exchange which often holds trading competitions is bitforex.

Iykejunior

jr. member

Activity: 77

Merit: 1

Trading competitions are mostly done by exchanges to raise awareness, though how good it is totally depends on how it is planned and how generous the project is, it is a nice idea to trade, earn from your trades and also make more money through the competition.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: weidex on July 17, 2019, 10:28:33 AM

Guys, do you think is worth doing them and is it a good time to do one? And what do you think about trading competitions at all?

It depends on the prizes if the prizes are big, then why not we are not giving a try? Especially if they allow us to withdraw the profit if we cannot win the trading competitions. I think that still worth to try if we have skills and want to try to win because I am sure that the prizes will be bigger than we can thaught.

danggoron

full member

Activity: 560

Merit: 102

Quote from: EmmaBen on August 27, 2019, 06:13:36 PM

In the past, projects and exchanges organising trading competitions was highly effective and not only drove prices upwards but helped with more publicity for such projects. Unfortunately, modern day Trade competitions have little or no significance. The uncertainty regarding most of these projects has meant most persons are losing interest in trading or investment and this is probably nothing.

Yes, so far the competition trading has been quite effective in attracting market attention to the tokens that have just been listing on a project. With certain prizes, traders are given the opportunity to trade, some are free and some must be deposited first. Tokens and exchanges will both benefit in expanding the market network. For traders, this is also a new way to get profit. Bitforex, one that often trades competitions.

budi12

member

Activity: 262

Merit: 12

Quote from: weidex on July 17, 2019, 10:28:33 AM

Guys, do you think is worth doing them and is it a good time to do one? And what do you think about trading competitions at all?

in my opinion the trading competition carried out by several ICO / IEO projects is very good because this method can attract investors and traders to buy and sell using these coins ... so as to be able to boost sales until it reaches hardcap ... as has been done by the BCNEX project so that their project reaches Hardcap (88%) by holding several competition trading sessions ...

EmmaBen

jr. member

Activity: 322

Merit: 1

In the past, projects and exchanges organising trading competitions was highly effective and not only drove prices upwards but helped with more publicity for such projects. Unfortunately, modern day Trade competitions have little or no significance. The uncertainty regarding most of these projects has meant most persons are losing interest in trading or investment and this is probably nothing.

Hans Groober

member

Activity: 276

Merit: 10

Quote from: weidex on July 17, 2019, 10:28:33 AM

Guys, do you think is worth doing them and is it a good time to do one? And what do you think about trading competitions at all?

I participated once in a trading competition where there were many participants. I lost a lot of money on commissions, and at the same time I did not receive anything from the exchange because I did not take the prize. Exchanges earn millions of dollars in such competitions, and pay out prizes for a couple of thousand.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

I've seen different trading competitions but not mostly in crypto. The one that I saw was with trading stocks and you know what? they have a restriction that the competition would be only allowed for newbies, how can they determine that since it's with stocks?
For crypto trading, I think there will be no restriction allowed since there will be a hard way to determine if the contestant is really new to trading. Because he can just simply say that he's new to crypto trading although he's experienced.

kingpin4321

member

Activity: 280

Merit: 14

Trading competition amongst who? You don't just start a trading competition just like that.
There are active cryptocurrency trading competition and even on one but it's not affiliated to the forum

Flezy

jr. member

Activity: 707

Merit: 1

Trading competition is one of the ways to help a listed project gain volume and most times the reward is always attractive. However, you need to be a good trader for you to participate and win. So in all trading competition is good, it helps the project, the exchange as well as the traders.

Torps1

member

Activity: 574

Merit: 12

Kuvacash.com

I think trading competition is best suited for experienced traders and not newbies. There are stories of people running into severe losses courtesy trading.
Let the inexperienced learn the basis first before thinking of trading.

Topic: Trading Competitions - page 2. (Read 1077 times)