izanagi narukami
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December 18, 2018, 06:16:34 PM |
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When you have profit from crypto, making your own exchange become wise choice if you want to make more wealth ! This is a kind of advertisement / promotion so that traders are interested in entering and making transactions. this is an easy question.
usually done by new exchanger to attract new traders and offer some of their features.
IMO, it's the efficient way to promote but of course the result will not come instantly. Being trust need some time and dedication for those exchange will they want to be notice and being trust by all trader. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Harlot
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December 18, 2018, 07:38:52 PM |
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Investing in cryptocurrencies does not necessarily say holding it entirely and letting it sleep in your portfolio. If you are a investor who is looking to add up more position without adding more capital trading is your only way to do that. Same thing applies, you sell high and buy low in this way you are looking to add up more buy having more money you produced from selling. Trading competitions is a really good way to promote and give experience to all of your customers, it is also something to look forward to as they are giving rewards to their clients.
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OlgaFS
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January 04, 2019, 04:19:56 AM |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
I think most of ICO's creators use the crypto trading - this is the way to get their portfolio bigger. Anyway, if somebody wants to trade - why not? |
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wuvdoll
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January 04, 2019, 05:34:39 AM |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
Both are doing for on their own benefits. Moreover, you cannot predict a trading competition is disturbing the plans of projects from not storing/holding, like when 50% (for example, most MN based coins are having more than 50% locked) of circulation into holding then why not another 10% to 25% may fight for deciding the worth of it. Still, we cannot say a volume based trading competition involves only one asset or multiple assets. For example, when a trader is into competition and he is active with BTC/USDT trading means, I do not think that will influence BTC prices as buying and selling may happen and we cannot predict a competition will enforce its trading into one direction. |
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VitKoyn
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January 04, 2019, 07:26:02 AM |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
I don't think so, most cryptocurrency projects reason nowadays is just to make money, they want people to store or hodl their tokens so that the price will go up and developers will make more money as they hold the most of token supply. There's really no effect to the community about trading competitions, exchanges promote their platforms because if more traders will use their service/platform then they will earn more from every trades being made in their platform, and that's only it. |
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bit-freedom
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January 04, 2019, 09:45:07 AM |
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I see no problem with trading competitions, these people are the day traders. There are other investors who are long term holders and will be holding the coins. I believe if the project is good, it will attract long term holders. The trading competitions should not have much impact.
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QuadsPoker
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nothing is impossible
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January 04, 2019, 10:10:49 AM |
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I personally love exchanges and in particular Binance to offer such kind of competitions and other promotions. Exchanges depend on the amount of traders using their platform and the volume that we, traders, are producing.
We all know that exchanges earn a lot of money on our back. But seeing an exchange like Binance that offers for example a referral program, trading competition and other very nice promos, convinces me that they are here to serve us in the best possible way. If we compare this with exchanges like Poloniex and bittrex they do nothing to please their customers and this results in a huge loss of users and a huge drop in their daily volume.
So I would say to run a successful and competitive exchange these days they are almost obligated to offer such things. There is no better promo than free money to give away. At least they give away to the community and there users. So I can only cheer for that
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Signature for rent. Your signature will be displayed an entire year in one of my threads that is visited 200+ times daily
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emberbekas
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January 04, 2019, 12:38:05 PM
Last edit: January 04, 2019, 12:54:03 PM by emberbekas |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
It will give an impact, for sure. At least in the short term. It could increase the daily volume and no exception with the price. The token/coin being promoted will get attention as well. But if we talk about the impact for the long term, it will need a bunch of measurements. The developer behind the project for sure will play the big role for the future of their tokens. If they are good enough then the chance to exist in the long term will be there. Otherwise their projects will be forgotten. I think the community and developers are very welcoming with such competition. It gives a good marketing, they don't need to worry! |
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justdimin
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January 04, 2019, 01:00:04 PM |
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I see no problem with trading competitions, these people are the day traders. There are other investors who are long term holders and will be holding the coins. I believe if the project is good, it will attract long term holders. The trading competitions should not have much impact.
I am not sure what people will do in a trading competition, if they keep buying different different coins and tokens then it will give short term impact but if they buy and then sell then there will be no impact on price levels but they can still show more volume for the sake of competitions. I have seen many forex exchanges are conducting sclaping based trading competitions which is purely for showing high volume and price will never get impacted much. It will give an impact, for sure. At least in the short term. It could increase the daily volume and no exception with the price. The token/coin being promoted will get attention as well.
If exchange is about listing on few assets for the competitions then those assets will be on top on daily volumes. Usually for example, bitterex show top volume coins in moving banners and I am sure that will attract more attentions from traders and investors but not sure a competition driven will do the same or not. |
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carlfebz2
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January 04, 2019, 01:37:09 PM |
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I see no problem with trading competitions, these people are the day traders. There are other investors who are long term holders and will be holding the coins. I believe if the project is good, it will attract long term holders. The trading competitions should not have much impact.
Doesn't much impact? Trading competitions wont really exist if they wont really make such impact.These exchangers do accept a certain project and launch competitions to gain volume and same goes for popularity. Its a win-win situation for them actually.This is why we are seeing competitions like this. |
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panjay
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January 04, 2019, 01:46:07 PM |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
its main purpose was to make a profit for the exchange. By the volume they make of course and if the volume high enough, everyone will flock into it, therefore enrich the volume once again. |
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sana54210
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January 05, 2019, 07:24:22 PM |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
How exactly is that a bad thing? Everyone is fighting for what’s theirs. These exchanges are into business, so they are doing what they are supposed to do which is to convince a lot of people and get investors to invest their money on their platform. You would also do the same if you were part of it. Moreover, there are different types of trading competitions. Some exchanges are conducting on volume based and some others are conducting based on number of trades. If you notice both are significantly impacting one particular trading pair if your concerns are true. So, we cannot say anything about trading competitions will be giving negative consequences alone when people will be trading for the reason of competitions. |
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target
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January 06, 2019, 06:14:36 AM |
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The idea I think is to impress future investors of the volume in the exchange. It doesn't matter whether its because of the contest but due to it they win people's trust, they gain users as well and the marketing of their exchange. Competition will always make users register and all these could result the exchange to get listed on coinmarketcap.
There will only be negative consequences if the exchange cheat which of course why would they do that when competition's purpose is to promote?
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audaciousbeing
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January 06, 2019, 04:02:06 PM |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
The entire market is built in such a way to cater for everybody's need depending on which goal you set to achieve. If everybody decides to hold, it then means there won't be a market and the price would not be determined. When this don't happen, exchange sites would not even exist or survive because its from the trading activities that they are able to cover their own cost of operation. While its not totally good for the market to be entire about trading, its about finding a balance where every party will carve a niche and everyone would be happy about it. |
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babysweetTiger0401
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January 06, 2019, 04:54:53 PM |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
It is one of the marketing strategy if ever there are some of the exchange platform doing this type of methods. Probably, through this they could get more investors/traders to use their trading platform and also getting new altcoins that would like to use their exchange platform as well. |
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mersal
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January 06, 2019, 05:35:39 PM |
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The idea I think is to impress future investors of the volume in the exchange. It doesn't matter whether its because of the contest but due to it they win people's trust, they gain users as well and the marketing of their exchange. Competition will always make users register and all these could result the exchange to get listed on coinmarketcap.
There will only be negative consequences if the exchange cheat which of course why would they do that when competition's purpose is to promote?
Exchanges had some other profit with them by promoting trading that's why they are promoting all kind of things so trading will be more for profitable way only so we cannot do without any other promotion or other things it needs but it does not bleed when something is negative otherwise all good. |
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princerepon
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January 06, 2019, 09:34:46 PM |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
yes because more trading more market cap add. when people not interested about some coin it fall. because they are not trade so much with that coin. that's why crypto company promoting there coin or tokens to make new investor and more traders. |
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oriontab
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January 06, 2019, 09:39:16 PM |
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Liquidity is an important factor when it comes to asset,be it stocks,cryptos or commodity.If people are no willing to buy such then there is really no value in them,No brainer that there are promos ran across exchanges to keep them afloat.
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WatchMaker
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PUFFY FINANCE
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January 06, 2019, 11:43:14 PM |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
What you don't understand is exchanges doesn't care about the coins/tokens all they care about is making money that is why they encourage trade competitions and giveaways. Exchanges charge commissions for trade, so the higher the trades the higher the money. |
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Bezobraznike
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★Bitvest.io★ Play Plinko or Invest!
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January 07, 2019, 12:41:21 PM |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
What you don't understand is exchanges doesn't care about the coins/tokens all they care about is making money that is why they encourage trade competitions and giveaways. Exchanges charge commissions for trade, so the higher the trades the higher the money. Exchanges provide some service and they are making profit like that. With promotions they attract new people, more people usually leads to more trades, math is simple more profit for exchange. Every promotion, marketing costs, the bigger it is more money exchange needs to spend on that. Exchange earns on commission, but with promotions they return something back to most active traders. |
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