Trading Competitions

[Little Mouse]

Through trading competition you can increase the trading volume of your exchange and get a higher rank on rating site like in CMC. But it's not good enough to attract new users. If your goal is to increase users on your exchange, I think a signature campaign would be a better idea.
If you are interested, you can leave me a PM, I may help you.

[PaoAj]

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?

They're okay but you need to come equipped with the right knowledge and gameplan in order to get okay or good results. The risk is always there but I was in it for the fun as well. One new thing that I'm getting into is this new offering which is like a lottery for you to get large chunks of hot coins by using the STP token. My 60cents turned into $25 while others may be luckier than me. 

[izanagi narukami]

My local exchange also helding trading competitions so as you can expect whoever trade the most, he probably or higly chance to be the winner
IMO, it's great strategy for the exchange to introduce their product into world wide.
But for new trader or for who want to join, always remember the risk !

[ginobitcoiner]

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 a very good thing, this can be an advantage for all parties, the merchants, even the exchanger, both of which have benefited from each.
especially for the winners of the competition, besides being able to benefit from their trade, they will also win the prize.

[bittick]

You can try minor trade competitions which you can win. Because in competitions on big exchanges like Binance, a little bigger money circulates. As wasting your time. Or work with beforehand known numbers. For example, if you trade 10BTC, you will get 1 BTC giveaway.

that's only a dream and do you know how much people participated in the competitions more than thousands of people participated and you will get a penny and it's never worth with how much money that you have spent for that. Minor competition is always having the same result.

[dataispower]

Trading competition is cool because aside from giving qualified traders who participated some dividends after the competition, it helps create awareness for newly listed coins in the sense that more traders get to know about the coin. The bad side is that it leads to pump and dump most times since traders whose main aim of trading the coin is for the competition tend to dump when the competition is over.

[ub27]

Trading competition helps to create awareness for a coin, hence it's a good strategy.  But when participating, be informed that most times the price of the coin dips after the competition is over.

[airdropan]

if your financial is good and your experience is quit long then that should be fine for you. Do trading competitions isn't simply. Need really hard work there , good management and always keep watching on market exchange

[Bravext]

Trading competitions are good only if the reward is worth the expenses and you believe in the long term price stability of that token or coin, so you wouldnt spend huge funds trading and at the end of the competition, you end up with a bunch of worthless coins.

[mendra_2009]

I think trading competition is very important for me as a trader, because it supports the economy and the growth of crypto currencies in particular here. I always see a number of exchanges every time I trade, to check the highest volume and market capitalization available. Don't be afraid of trading, that's the real art of cryptocurrency.

[Ridwan Fauzi]

Trading competitions  only look for some people who had a lot of volume, I never taken part of it. I just trade when I feel the market is suitable for me to trade, just spend money that I had and set the targe then I can see the result.

Actually it is good for those people who have a lot of money. They can spurred to get profit or a lot of volums in order to get the competitions. But yeah ussually the participant who participate the trading competitors are some people who have became an expert to trade on cryptocurrencies.

[Torps1]

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.

[Flezy]

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.

[kingpin4321]

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

[batang_bitcoin]

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.

[Hans Groober]

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.

[EmmaBen]

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.

[danggoron]

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.

[Iykejunior]

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.

[retnoanjani]

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.