Trading Competitions

[#Darren]

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.

[Coin BTC]

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.

[dark08]

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.

[rdewilde]

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.

[bassbity]

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

[SyndicateLabs]

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.

[lobo13hf]

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.

But it's not worth the reward that already available in the contest compared with how much money that must be used to win the competition. Remember about you must try to create such an accumulation with the chance to get a loss.
If that guy used 100 BTC and he will be winning the contest instantly and remember the reward for the first place winner is only a few bitcoin but average is around a half of bitcoin.

[oleganpetro]

Trading contests can affect the coin both positively and negatively. Usually the price afterwards always tends to go down, especially when they give big rewards.

[budi12]

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 ...

[Teraboy]

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 ...

it's not true, they doing trading session caused by bcnex is a new exchange site service and that's a normal thing to see this exchange site tried to promote its own exchange site through create some competititons to attract the traders but it maybe different when it comes to the coin promotion.
Trading will become a short term promotion only and it will be gone after the competition has ended. Bcnex is not a good example to be used as a representation in this case.

[TitanGEL]

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?

Right now, i joined in a trading competition. The rules is simple, the highest profit in 3 months of trading will win in the competition. The competition helping me to create a better decision and also help me to improve my skills in trading.

[Aabcde]

I think promoting through trading competitions is not a good thing because some people want to take part in those times but do not fully understand trading. So that what happens is only reduced assets. And this is also only limited to those who have funds, not to the general public who do not have funds. The winner will definitely have a lot of capital and is good at trading. The campaign should be free without issuing anything in order to create fair demands. Trading competitions only create temporary demand, in the sense that the volume of the coin expands during the period of competition and certainly the volume will drop dramatically after the competition ends. Can we call this fake volume?

[yulionoo]

if you have a lot of money and time to trade it's very worth it if you want to take part in competing trading and also you have to be really expert in the world of trading so as not to lose, right now there are a lot of markets that hold trading commissions and the prizes are pretty good.  if I have the capital to trade maybe I will also follow it ..

[kawetsriyanto]

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.

You are right. Trading competitions seem profitable for people who have big capitals only. They have the power to eliminate small traders in every competitions. Poor for small traders and big chances for big traders, this is the weakness in trading competition. 

[karanggatak]

i never try it before, and i know people that join on trading competition must be know all about trading and experienced. many exchanger use this method to promote their place, to increase that volume. many people lose and gain coin here, but i appreciate to both of them, it have good idea to improve or show trader skill, and trader can earn profit as much as possible. both of them get the advantages

[patz22]

It would be good for traders as you will be able practice skill in terms of analyzing graphs but I think this kind of competetions are not good for newbies as possibility of getting rekt. The main goal of this is basically to gain volumes and exposure for those traders who only do techincals without doing research.

[NathanJB]

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?

For small time traders and newbies in trading, you better stay out of this trading competition. Sure, the prize pool sometimes is really big that you are thinking of joining even if you are not really a full time trader. But that is the danger. When you take the bait of the prize pool and risk for it for the sake of having the smallest chance to take a slice, you are already defeated. This is perfect for big time traders.

[jcpone]

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?

If you know to yourself that you have the capability and skills on trading, you can go and participate. But if you are just a beginner only in trading industry, I think you are just killing your investment unto it. Because most of the participants in there have knowledge and idea in trading. Yes, it may give you a profit but it can also melt your budget once you made the wrong move whether in selling or buying.
But this was just all my opinion, it is still up to you dude.

[magneto]

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's +EV, because at the end of the day, you're not losing anything.

Sure, you may have to conduct KYC, but if the exchange platform that you are doing that on is legitimate and regulated, I don't see a problem with that. There is no barrier to entry, thus there is no element of negative expected value.

Whether or not it's worth your time is doubtful, though. I wouldn't be counting it as an income source, but in your spare time, it could be a fun activity that can win prizes for you here and there occasionally. I've personally seen people profit from completely free competitions from Zebpay and the like.

[Ararbermas]

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's worth it but unless if you are expert in trading or let say you have more experienced about it.  Because that's the most important in order to win on that competition..  Being lack is very dangerous mate so before planning to jump in it , make sure you are ready to face all the obstacles 'cause you know repenting always happened at the end. So ensured  everything will be fine while you're still planning  before making final decision.