Trading competitions

[Golstrim]

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

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.

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[EdvinZ]

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.

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.

[Golstrim]

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$

[^BuTcH^]

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

[Nhebu]

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.

[MonsterV]

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.

[layer1gfx]

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...

[Lanatsa]

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.

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.

[janggernaut]

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.

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

[layer1gfx]

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:

Event 2: Trading Contest with Reward of 1,000,000 MITX
The event runs from 8:00 p.m. EDT on August 11th, 2019 to 8:00 p.m. EDT on August 17th, 2019.

During the event, users with daily trading volume (Buy Quantity + Sell Quantity) ≥ 10,000 MITX for 7 consecutive days will be eligible to share the­­ reward of 1,000,000 MITX proportionally by total MITX accumulated trading volume from all eligible users. UTC 00:00 to UTC 24:00 (8:00 p.m. EDT to 8:00 p.m. EDT the next day) will be counted as 1 day.

Note:

1.      Users with trading volume < 10,000 MITX for any day during the event will no longer be eligible for the reward.

[bastian466]

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

[layer1gfx]

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-

[layer1gfx]

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

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:

Event 2: Trading Contest with Reward of 1,000,000 MITX
The event runs from 8:00 p.m. EDT on August 11th, 2019 to 8:00 p.m. EDT on August 17th, 2019.

During the event, users with daily trading volume (Buy Quantity + Sell Quantity) ≥ 10,000 MITX for 7 consecutive days will be eligible to share the­­ reward of 1,000,000 MITX proportionally by total MITX accumulated trading volume from all eligible users. UTC 00:00 to UTC 24:00 (8:00 p.m. EDT to 8:00 p.m. EDT the next day) will be counted as 1 day.

Note:

1.      Users with trading volume < 10,000 MITX for any day during the event will no longer be eligible for the reward.

[master122]

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

[Golstrim]

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

[layer1gfx]

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

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

[Golstrim]

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

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

[layer1gfx]

Promotion Period: 2019/09/05 0:00 AM to 2019/09/12 0:00 AM (UTC).

In celebration of additional WIN/TRX and BTT/TRX trading pairs being listed on Binance.com, Binance, WINk, BitTorrent and TRON have together committed prizes including a BMW worth $41,950 (or the equivalent amount of WIN or BTT tokens) and more than $200,000 in WIN and BTT tokens to give away to our communities worldwide.

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

[ichai]

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?

[layer1gfx]

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?

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.