Bitcoin Forum

It’s that time of the market cycle when we experience short bullish momentum just before a significant bearish move. 

During this period, exchanges typically organize events that can be rewarding if you know how to trade or identify promising projects for short-term price movements.

Some exchanges are already organizing Easter events, and you can get involved to earn rewards. It’s amazing how some exchange reward pools even include cars. But has anyone won one of these cars? 

Do you enjoy participating in exchange events? If yes, feel free to recommend some; if not, please share your reasons.

Just be careful with trading and new project. Do not let exchange reward to let you lose your money and yet not collect any reward. Just know that exchanges are using it to let people know about their exchanges. It favors the exchanges than the exchange customers. Even I have not seen anyone that have seen such reward before. If exchanges say they want to give $1 million, be expecting $10 or less.

^ Agreeing with Oshondy here.

Free chesse is set up only in a trap. Stay vigillant.

If you are actively trading on the stock exchange, then you should not miss the promotions that they hold. By joining the promotion, continue trading the same way as before and you don't need to set a goal to win it, and then the reward you receive will be an additional bonus for you.

The price movement is the only actionable feature in the market. There are more events in the market, everyone sticking to one inother to get a reward for themselves so it's good thing. Exchanges privatized and capitalized on growing their community in the crypto market. They're just here to gather the vast numbers of sign-ups and this is rewarding for the exchange. On the other hand, we ought to be extremely careful not to fall into the hands of scamming projects, we might never recover from most of these scams, so prevention is better than cure.

I'm always convinced that these kind of thing are just gimmick and if there's real prize here, big chance it will just go to the whales, the one that contributes the most to the trading volume and exchange platform fee.
never once I think I would win this kind of thing because the chance is small, and it's just waste of time.

I think it'd be better if they just incentivizes trading and give something like free cashback on futures or free coupon to trade on the platform instead, since it everyone can taste the freebies as well as helping improving exchange's metrics.

Don't get fooled. Even if the cars are real, you won't win them, only the washmasters will.

I played the first BSC Easter challenge many years ago. I say play because it was a trading comp but really, everyone was wash trading. Including me, it's the only way to win because winners are by volume (duh of course right).

I got the Bunny NFT, and sold it for less than the fees I ate up swapping CAKE.

Don't say I didn't try :)

Rewards should not be the only reason why someone is lured or enticed into joining a new exchange that is unpopular. Some promised rewards are very ridiculous, and they are all in a bid to attract people to join the platform.

The exchanges or organizers of this Easter event know really well that they would only give consolation prizes if they give at all but rarely the major prize that has attracted people to come.

I say again the need for caution because scammers know the power that rewards have to attract people they intend to turn into victims.

I participated in so many of such events especially in those of Bingx but to be honest, those events aren't for traders who trade $100 or $1000 or even $4000. Those give good returns to those traders who trade at least $10k, $50k, $100k, or even higher amounts.

If your aim is just to flip and take profit nothing wrong with it because every one does, tons exchange doing a reward basis system to those particate the event and of course there's a designated risk on it, reason why its good to have a background check about the project itself so you can get an idea if its ideal to make trade to have at least get the reward or not so you need to consider the risk factor on how much you will get and how much you will lose on joining the event, I've been in that before but get tired with the requirements so instead I do flipping coins now.

So it's only for the big hands to throw them around.

Not a surprise for us.

This is exactly how it is. Normal people don't win those prizes. They give them to people who can already afford it because of the publicity he can bring.
The purpose of the prize is to encourage people to continue trading because they feel they can win the prize. It's similar to what some Instagram celebrities do with their giveaways on Instagram. They make people believe that by following and interacting with their posts, they have a chance to win their giveaway, but they never do; they give it to people who can bring more publicity to them. I'm not saying there are no genuine ones, but it's not worth it in my opinion.



That is why the prizes for these kinds of things, like coupons, are not always that big. It usually costs $20 and at most $100 with a lot of conditions. I think it's better that waythough.

I get your point. I will be careful and will try out the BG easter event. hopefully, I will get rewarded.

Thanks for sharing your experience, it's much appreciated.

As usual, the house wins the most ::)

I don't enjoy rushing over events and bonus programmes organized by exchanges. In the past that I participated, it sort of distracted me and caused me unhealthy anxiety sticking to T&S. Of course, there will always be terms and conditions for stuff like that. At the end, I couldn't even understand what happened and how those who supposedly won, won. This day I ignore and avoid exchange events like leprosy. That's for exchanges I'm already on. I won't get on a new exchange for freebies or bonuses. It's not my thing.

Events are good strategies for gaining profits with minimal risk. However, you still need to be very careful. I was reviewing the statistics of my activities on exchanges this year and noticed that I have made a gain of $795 so far. Hoping to make more! Most of my gains actually came from https://www.bitget.com/asia/events/activities/687d2cc1caaa522c9e73381e3bbe6021. When it comes to events on exchanges, there are no hard rules.

Are you sure that's the right link? How can you earn the majority of your gains from an event that has not yet finished? Not to mention that the reward pool is not even that high. Sure, you can win some grand prizes, but you'll have to trade a lot. Even if that's true, you'll probably earn more than $1k unless you somehow blank every order you made.

And I think is that point in time when one ought to be careful in their dealings with money or else they might have themselves being scammed solely depending on events that ain't reputable. It's okay to get involved in such events bit be mindful of how your money is spent cause such opportunities are kind of baits to lure people of their money, tho have not been involved in such exchange reward cause during such events is when they are most likely to occur and one needs to be watchful.

if i'm being honest, I enjoyed having free market fee compared to these easter.
most of the people here seem to agree that these easter events aren't worth putting attention into, too much manipulation can happen behind the scene that people simply ignore the event because they know they won't get even a penny.
exactly, it exists to attract big players, who initially stay in an already established and big exchange, something like binance and coinbase, some new exchange want to attract those traders and possibly increasing their trading volume because trading volume is the most used metric to determine the reputation of an exchange, even in coinmarketcap they use trading volume to rank the exchange.

the average joe like us just gonna get nothing. though it's not a big deal, after all business is business.

No problem :)

I would say in some cases the house even competes, to 'win' the prizes it says it is paying out. I don't want to name names here but for example:

Organize a trading contest. Participate yourself with bots (lose nothing since all the liquidity is yours and fees is yours). 'Win' the prize.

If the prize is NFT, put it back on marketplace for cheaper than others. People buy it. Free money.

Not that I am interested of this festive rewarding events like you said, but I was expecting you would mention the exchanges that are currently participating or sponsoring the projects. Who knows if found legitimate some other persons might find it interesting and a workable tool to participate.
I have as well not participated in any exchange free rewards programs because they would always want to redirect your trading program which might lead to your lost out of chasing free funds.

What I reason and consider about these kind of bonanza or give away during festive period is to make the exchange more popular and of course it is their purpose. My thinking and question are, have we seen any winner from the ones in the past? How can you be sure it will not be manipulated.

We need to be careful not to over trade on our capital just in chase of a car gift or other promises from the bonanza.

A trader who is good at making profit actually don't need the promise because he has money in the market to freely grab if he has the strategy to win trades.

The traders who chase after bonanza are those losing their trade so thinking they could make up from the bonanza. If you are a loser and bad trader, how do you think you can compete?

That's very true. It would be good to try it as I am already trading. I haven't seen this Easter event on the exchange you mentioned, but I have seen one on BG and will be trying it out.

I know that feeling, but if it's this one Op is talking about them I think it's different. Go through this and see for yourself. https://www.bitgetapp.com/events/activities/687d2cc1caaa522c9e73381e3bbe6021?color=black tasks are simple but rewarding.

The prize giving event includes getting a car, to me it is considered an event to attract people to participate.

I am not interested at all in such events. There could be something being prepared by them that we do not know what the consequences will be.
It is not that I am not thinking positively or putting forward negative thoughts about the efforts made by such exchanges, but regarding privacy and losing money after getting involved there, it is better not to get involved. Be careful.

Hold up. All I see are trading volume tasks that ranges from six digits to millions in USD, am I missing something? These are far from the definition of simple task.

In addition, I could tell folks are pretty likely to draw the cash prizes—ranging from 5 to 100 bucks—instead of the teslas of course.

That is my take too. And there is no just bound that when you trade on the exchange at the course of winning a free prizes when made profitable trades, there Is no speak about rewarding even those who may loose their funds so, what is the need to taking the risk? Of course a null.
Basically I myself keep sounding it that it is not reliable to believe exchanges with their adverts as it could be a medium of marketing which in the market, everyone wants to succeed and the exchanges are not excluded. It just seems tricky that they just want to attract traders to deal with them or even get to make trading untimely at when not ready.

I haven't participated in any such events so far even though I do get notifications or emails from my exchange mostly alerting me if new earning campaigns and new rewards for having completed some task like having up to a certain amount in my wallet and also trading up to a certain volume.
Although I have tried joining one of these events in my exchange being hosted, but I noticed I wasn't having all the necessary knowledge because am not a full time trader nor do I plan to start doing full time trading anytime soon.
All I do is read signals, watch market fluctuations and know exactly the right time to sell or buy, so I can make profit no matter how minimal.

I was also of the thought that joining such exchange events is a sure way to attract those scammers and hackers that hang around in the exchange looking for addresses to mark or tail or to hack by sending dust or rather fake crypto currency to ones account just to have access and hack it.

I've never had the desire to participate in exchange events, maybe just now because I saw something that seemed to have potential, the token assets that I saw at this exchange event. Then I will only allocate a small amount, which is not that big a deal to me, the amount that I will use in that event.

But the important thing before we participate is to do a DYOR first so that we can have an idea about that project, because it's really hard to determine the
potential of exchanges in this era, honestly.

Those that participate in exchange events are those that have that time to be clicking one link or the other to get some task done.
Indk t think I would have that time because even with the ones I've participated on at the paste never yield anything profitable which is why I don't really have that time. Exchange would also want you to participate dropping different ads because at the end of the day, they are the one thanks going to benefit most including the projects they are trying to promote whether it involved staking, trading, investing or whatever, they are the ones that do benefit most.

Trading is on an exchange that has passed the test with the intention that the credibility of the exchange can be trusted because it has been proven for years. The exchange must also be famous, famous for positive things.
That's it.
Oh yes, the exchange is not a place to store assets or a wallet because the wallet is controlled by us. While the exchange only provides a password or other security for the login process.

Nothing comes free really, they always have an edge, most of the exchange packages are just to pump a specific token and grab liquidity then pull out..

If you’re an active trader and do this on a regular basis, participating in such events won’t hurt — it might even bring some fresh motivation to your trading. The main thing is to make sure these events don’t lead you to change your strategy or cause you to end up with losses instead of profits. 
However, if you're participating solely for the prizes, that's generally a bad idea — you're more likely to end up at a loss than with any meaningful gains.

Actually, we first need to understand what is the main purpose behind their launching such events. And it is actually common sense that they are organizing such events only for their promotion.
So that we will take our funds to their platform, and if we participate in trading events, may be we will also make them profit through facing the losses.
Actually, I do not like joining such events in the past and have not joined any event this time either. Moreover, I have also doubts about the transparency of giving them cars and giving various jackpot rewards.  ::)

Well, it's another marketing stunt of these exchanges to attract more customers, and for some top exchanges, this might work, but there are some that will not. I haven't won anything on any exchanges that I'm using, and that's what not I'm into.

If you're trading just because of these events, don't trade at all. I don't enjoy participating at these events, and I don't think that I will focus on it at all. I'm focusing more on the profits, and the strategy that I'm using, and while it's amazing to win in these trading events, focusing on them will just lead you to more losses... or if you will win, it will not be worth it because in order for you to maximize your chances of winning, you need to have more capital because most of these require huge capital and trading volume in order to be eligible in winning.

That is same for almost every marketing move in almost every company. Some shirt company celebrating your easter actually cares about your celebration? Of course not, or any religious day of any religion? Of course not, they only care about one thing and one thing only; money.

So it is the same with exchanges, they do events on whatever day they want to celebrate and because of that they are not really going to consider how this is going to be a big deal at all, it is not going to be something they will care. This is why we are going to not see exchanges stop this, they are just doing marketing to attract more customers and as long as it works, they will keep doing it. This is the way it will move and won't change at all.