Topic: Trading competitions (Read 852 times)

Here is another trading competition:
https://bitmax.io/#/marketing/marginMegagame?megagameId=megagame1

Now I am in top 10, but I am going to take 1st place. I am not sure if you still can sign up, but I am sharing link with you just in case

UPD:
Finally I've become top 5. I was in top 3, but there are some cheaters appeared last day.

I am not sort of trading expert who can compete in such trading competitions held at large level because trading is not a sport for me on which i can bet or  compete with others.Moreover it is for the persons with great predictions regarding price changes or say who can manipulate the prices in the market.So i usually stay away from them.

Whales harvest the highest prizes, that`s for sure, but there are ways to get more trades. I will share with you one of them, set up sell order at the price that nobody else did, and you buy your sell order. In this trading competitions it`s all about trade volume, execute your own orders and you will climb up faster. Whales are doing the same, but they doing that with huge amounts. It`s hard to be on top on this trading competitions, but with little tricks you can take some prize at least.

Every trader use his own way to trade so yeah he should avoid listening as when the market falls a little then whales get up and spread bad news among the traders so some of them will get trapped by them and sell. Having too many exchanges in market is also difficult to choose as many are just scammers and they can be harmful so traders will have to be careful all the time.

The problem with trading competitions like this is that they are usually dominated by whales because the winners are determined by trading volume. How can regular people compete with millionaires who have everything at their disposal.

Also be careful of joining exchanges, not all crypto exchanges are trustworthy and some may not pay rewards or some may even run away with your money.

participation in our competition is not the only opportunity to benefit from our service

you can add your api keys from binance and show a good trading result

after that, make a subscription paid for your deals or earn money on autotrading
percentage of profit from the subscriber you choose

Yes, I will continue. Haven't seen any worthy competitions recently. I've participated in bitforex trading competition and won some prizes there
Here is Pundix trading competition, but it is for whales https://www.binance.com/en/market-activity/53

Tried up some trading competitions in the past but end up on not getting paid up even i do manage to climb into their rankings thats why i dont have much interest already.

Checked out the link and they do really have the decent prize for top 3 traders.If prizes were escrowed then i might consider on joining but if not then i wont bother it out.
Can you still continue on updating up this thread once again?

Here is another trading competition lasts for 1 month.
https://bitcointalksearch.org/topic/attention-contest-for-successful-traders-2500-for-1-place-5185941
Top 3 share prize pool and then you can become trader on their platform and other people will follow your signals

Most exchanges are not sincere with their trading competion, they draw in members to come trade and at the end of the trading competition the trade reward goes back to the exchange without giving it to the community members that participated in the trading competition which is not supposed to be so. Exchange should be more transparent with their trading competion this will make more community members to be interested in it

binance have another trading reward for trading ontology on the pairs ONT/BTC and ONT/USDT.

here are some pics from the offer: https://www.binance.com/activity-ONT.html

usually you should be able to just check the ranking without paying a fee - but it probably depends on the exchange you are trading on.
for instance on binance you only need to log in to your account to check the top positions of a competition.

Hello, I'm new to trading. My question is, when I enter a trading competition to see who has the highest volume, do I have to pay a transaction fee? Or will the organizer pay back the transaction fee to me?

More Details here:
https://www.binance.com/en/market-activity/50

Yes, that's how it works. Participants achieved higher ROI by the end of each day and by the end of total period share prize pool

so you start with $1 and the highest amount wins at the end? or how does it work?

Here is another trading competition. Each participant getting 1$ in btc or eth and you are competing with other traders using perpetual swaps.
https://www.bitforex.com/en/eventcenter#ruleDetail

I was in top 10 in final of previous competition and in top 5 in daily competition. Gained 350$ in total

Hotbit always do trading competition. Like now for celebrate ZUC list on Hotbit there is trading competition until 22 August.

just as a little reminder, this trading competition starts today on BitMax.io:

KICK Coin Trading Competition on Zooomex:
1,000,000 KICK Coins will be distributed between the top 10 participants proportionally to the number of total points earned.
Dates of the competition: 06.08.2019–16.08.2019 (UTC +3)
More info: https://zooomex.zendesk.com/hc/en-us/articles/360007921260-ZooomEx-Will-List-KickCoin-KICK-

Yesterday received an email contents of the announcement of the trade competition after that trying to read the rules and procedures is a bit curious to follow it but with a tight time now it is impossible to join, is there anyone here who has experience becoming a champion in a trade competition

BitMax.io has some promotional events to celebrate the listing of Morpheus Labs MITX:

BitMax.io Listing Announcement of Morpheus Labs (MITX) – 4.5 Million MITX Net-Buy Contest & Trading Contest & BitTreasure

this competition looks interesting:

Trading doesn't need lot of money. If you are never doing any trade before and use big money for your first time on trading, you will lose your money. Rather than money, skill is much needed on trading, even though you only have small amount with skill you have, you can turn that to big amount

Easily skipping out or simply ignore trading competitions thought unless if it do offers some test amounts which is given for you to impart on and the prize pool is being escrowed then that's the time I do participate.

But for most exchange where volume is the main criteria using up a specific coin then bag holders or big investors would always have the edge.

just bookmarking this thread, there might be some good ones here to try.
i saw the one mentioned on cryptobridge...
and hanbitco had one with a trip to bangkok as well:
helicopter or porsche sounds nice, but it should be a lambo to be real

i think the results you got in the LINK comp are not bad

if i hear about some other great competitions i will share it here...

So far I have never participated in a trade competition anywhere, but I really like watching live trading competitions, it's very exciting. Where the competition was only attended by the popes, only if I had a lot of money, I would certainly take part in the competition.

I hope someday I would also be a part of trading competition. That is my dream also before. I want to know trading profoundly first and I want to gain enough experience in order for me to join in that competition. Anyway, that is only for a pro traders because they already know the market. But an amateur trader like me, it is difficult to win a single trade.

Can't believe. I suggested you this trading contest, but I skipped it and as a result I haven't got any prize.
Is that possible?
More than 1 eth just for some buy/sell orders!
Well, next time I will participate in FET trading competition on Binance, it is next one . You can add it in your list

Hey, I wanna share some experience regarding link margin trading competition.
As I have said before I was negative about volume trading competitions and I've tried this one just for experience and lost 20-30$ on comissions.
Today I've checked distribution history and was surprised





It is around 290$ , I sold it for 1.392 eth.

Also I got reward from Kumex trading competition, I wasn't able to perform good result, so with 30% profit on virtual btc prize pool was shared among a lot of participants and I've received 1.3$

It is true, all traders' contests are held first of all in the interests of the service that launches these contests. However, if the competition is fair, then this is a good chance to make money with the appropriate skills. The topic touched by the topic starter is relevant now, as the number of such trading competitions is growing.

Although I am against volume trading competitions I've tried Link margin trading competition just for experience and to share you guys about results in this topic.

So I transfered my funds from Okex to binance, made some wash non sense trades just to get volume needed to be qualified. So I've lost around 0.1 eth on comissions and I missed good movement on ETH/USD ( I had to close deal to transfer funds).
I don't know whether I will receive something for Link competition, but I doubt it will cover my loss and missed potential profit.

I want to start writing my message by thanking you for sharing. Especially if we need to think about today's market, we can see that there are various trade contests. The reason for these competitions is not to distribute free of charge. The main reasons for these competitions are the exchange services gaining volume and the project team wants to keep their tokens or coins active in the market. If we make a careful examination, we will see that there is a serious increase in volume in almost all competitions where trade activity is performed. This is a great advantage both for the service organizing the competition and for the project. I would also like to say that some of the tokens or coins have gained considerable value, especially as a result of the competitions of some services.

Once upon a time I saw helicopter as a prize on Okex exchange. There were options to take money of helicopter. I would take helicopter just for fun Sounds incredible .
I wish Binance will launch any competition devoted to the launch of margin trading

I suspect that some of these exchanges are trading against their customers so no one wins the prizes.  I've seem some big prizes in the past.  For example you could once win a new porsche on Binance in their trading competition.  I still don't think it is worth going for because there is only 1 winner and the chance of you winning is low, most of your money will be used on fees.

Here is Link margin trading competition https://www.binance.com/en/support/articles/360031074191
What do you think about this competition? Is it legit?
I am not that good in competitions, but I am still interested in your topic. Will be waiting for new competitions

I understand that some may not like trading competitions however trading by definition is a competition, the only way a trade can take place is if two traders have different opinions about what will happen in the market, so one of those traders has to be wrong about the direction the market will take, the better your accuracy to select the right coin at the right time the better your results will be, and this will eventually be reflected in the only statistic that every trader cares about which is the amount of money in your trading account.

I agree, this is the biggest issue of all trading competitions. In order to compete and get reward you take higher risk. Trading in contests have nothing common with traditional trading, because high leverage will destroy your portfolio.

This is the point of trading - zero sum game. You can't gain money untill someone else losing it.

I don't participate in volume trading, this wash trading competition looks profitable for exchange, but for traders it is just a loss

Thank you, that's a good shot. Added in the list.  Sounds interesting because of Mcafee. Nevertheless I have not found dates and social networks of this competition. Design is  Will be waiting for more info.

I really do not like these because it encourages people to do trades they do not really want to do. There are plenty of people that trade just to get into these and people who actually buy and sell from themselves only paying the fee's as a loss that joins into these things as well depending on the competition.

If you do not feel comfortable about a trade then don't do it, just because there is a reward at the end of it doesn't mean you should trade as much as possible. If you are aiming at making more money than only focus on that during your trades and not the amount or not the profit percentage nor anything else, just focus on doing it your own way and if it happens to earn you a reward while you are doing it then great, if it doesn't then don't force it.

You shouldn't laugh cause it shows that the above user is not use to crypto trading competition. However, the trading contest is done the way you think and those contest are usually hold when exchange site add a new coin/token or trying to boost their trading volume and the competition contestants are to trading or buy a certain coin number of require coin.

It's not just a clone, but the volume this platform generates is highly suspicious, especially when it first started-- the volume bars looked identical to the exchanges that are known for wash trading.

Usually you see the volume bars mirror that what's happening on spot exchanges, but each volume bar at Bybit was as high as the previous bar, and that even during stable periods of time.

Another thing is that many youtubers are shilling this exchange like crazy. It doesn't have to mean anything negative by default, but most platforms that they shilled in the past turned out to be blatant scams.

KuMEX is likely legit; I'm actually trading on their platform at this moment and it seems decently responsive and easy-to-use at the moment. The latency meter at the top right of the page is neat as it's a good way to tell how far you are from the server where the exchange is being hosted. At the end of a day basically another BitMEX clone like Bybit and other sites out there.

As for whether or not trading bots are allowed, I don't see anything stopping anybody from using a trading bot on any of these sites, but it usually does take time to program a bot to work with new exchanges if the competitions are on a newer exchange.

Found this one.

John McAfee Announces The McAfee World Trade Competition For Crypto Traders.

Also published through his twitter account :
https://twitter.com/officialmcafee/status/1144980144009994240
Website : https://www.worldtradecup.com/

But i can't find detailed information about the date.

You'll never know which contest is legit until a winner is awarded.  You can see to it that the team behind the contest is real. Kumex seem to be okay and I can see Kucoin supported them. If they are going to be dong bounty campaign besides this contest, i'm not just going to join the contest but also to the campaign.




This kind of contest usually are won by the contestants that join the first.

I spontaneously laugh to read your reply very funny....traders should compete against each other.....
But the fact it is dude, even not realised by the trader itself. A trader is profit while other is loss....My idea for trading bots, they are strong in accumulation of volume but for profit winning I am not sure.

Which one of those trading competitions is legit and which one isn't?
To be honest,I don't get why traders should compete against each other.Trading isn't a sport.
I have a stupid question-Are trading bots(automation methods) allowed in these competitions?Maybe some programmer will create a trading bot designed especially for such contests?

You know, I try to avoid volume trading competitions. It is for whales. Also you have to trade shit coins in some of these competitions and you can lose part of your portfolio.
Here I want to post mostly trading competitions where you can show your trading skills. Perform ROI and not trading volume. But if I get more feedback I can also publish volume contests(I am not sure it is interesting)

Answering your question about average reward it depends. Once again, I am against volume trading where you need a lot of capital.

I am not too interested in trading competition, because I also can't really read the chart, and I'm sure there are many professional traders there, so I better not join and wait for other events from the exchanger.

I also found a trading competition at Crypto Bridge.It's a daily and weekly competition though, and the rewards seem attractive; you can add this link to your thread.

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Aside from the goal of this thread,how an average person manage to get good rewards from these competitions? I mean most of the the top leaderboard are only whales that have a big capital for trading..

I've found competition on Bitforex , but it will end tomorrow, so if you want, you can join.
With my link you will get 0.5 additional virtual btc. There is 30 k usd prize pool

I am going to publish here some trading competitions.
I am not associated with none of them, I am a trader like you, so I consider it as an opportunity to show yourself and outperform market and to challenge with other participants.
Also it is a chance for some of you to gain initial capital without any investment or small one and prove your trading skills.

Sometimes I will share referral links for exchanges and to get some bonuses in competitions if you don't mind.

Some competitions require team work, so we can arrange teams here as well. Recently I participated in Okex BTC derivatives contest and my team was 13 out of 100. Although I have decent audience in telegram channel it was hard to find passionate members in my team, so I think here we can find more enthusiasts.

CURRENTLY RUNNING/UPCOMING COMPETITIONS:

1) KuMEX Simulated Rate of Return Competition: 10,000 KCS to Give Away! Rules
Link for Kucoin (you have to register here anyway of you don't have account)

2) Not another trading competition Prize fund is 300 000$ . Competition will start in 9 days, there is 50$ entry deposit, you can perform as a solo trader or arrange team

3) Crypto Cartel Trading competition I am going to take part in this competition, but I've just noticed them today in twitter , from my point of view it seems legit, but DYOR
When: August 5
Format: 14 days
Starting balance: 0.01 XBT
Entry fee: 0.01 XBT

4) McAfee Magic World Trade Cup      Twitter announcement
It is free competition, but dates aren't set up and there are some packages in settings, I didn't understand what for you need to buy any of these package, so don't waste money! I won't even publish affiliate link. Seems like they are about to create copy trading service, but communication is poor. I registered just in case, so will you keep updated.

I will add new competitions soon, feel free to share with me any competition you've seen!

NEW COMPETITIONS:


5)
Trading Contest with Reward of 1,000,000 MITX on Bitmax Dates: August 11th- August 17th
Check out second competition there, it seems less risky compared to other points.
Conditions:10k+ daily trading volume(buy+sell) for 7 days

6) Egretia volume trading competition
-Level 2 KYC is required to get 100 EGT(6-7$) and 2000 net volume - it is 1st part of competition
-users with net buying volume 10k+ EGT will share 500k egt
Use my link to sign upif you don't have verified account

7) Bitforex trading competition round 7
4000$ prize pool trading competition. , you should provide API and trade for 1 month, so DYOR, it is new company
UPD: 04.11.2019
9) Huobi Grand Master Competition with huge prize pool! - just 4 days to compete with daily and total rewards