Trading competition, a plus or minus

[Akiko]

To some some people, trading competition is a good strategy to increase the prices of coins, at first it may appeared so but in the end, trust me, it is the surest path to crash.

this is the main reason dev team will launched trading competition , it just to prevent price dumping in market so no one will complain while competition run smoothly..but actually when trading competition periode ended , price will drop alot as you said. traders liquid their position and wait competition reward as they profits.

but not all traders can earn in trading competition  there is also chances that they may experience lost before they are able to sell the coins.

In competition  to be qualified to win you need to get the highest volume and there is also time that you can only sell the  coins. which is risky for others since we all know that there is a high chance that you cant sell it  the same price you bought that coins once the competition ended and the price will surely decrease after  and it's a lost instead of profit to other traders .

[Hellkas]

I saw some examples of projects which developers thought that it`s enough to start trading contest and their coin will be popular and will have really good price, but it`s definitely wrong. Trading contests really good opportunity to attract some more attention to cryptocurrency, but I think that it should be secondary way of increasing volumes on pairs and boosting token`s price

[casperBGD]

I saw some examples of projects which developers thought that it`s enough to start trading contest and their coin will be popular and will have really good price, but it`s definitely wrong. Trading contests really good opportunity to attract some more attention to cryptocurrency, but I think that it should be secondary way of increasing volumes on pairs and boosting token`s price

it is basically pure marketing, that is in favor of exchanges, since trading on particular coin/token will rise, but at the end, without workable product and good development plan, no trading competition would make some coin useful, so it is good for a start and to get visibility, but project development and idea are the basic of token value, this would just add customers to it, which is important step, but could not make it on its own

[siddartha1492]

I guess all these trading competitions are good for the pro traders. Most people will lose their money if they participate in them coz of pump and dump.

[TIDOVEE]

To me, this trading competition is very close to gambling, one need to be very smart to be at the advantage of it, although it will help participants to grow in the trading skill. I am still of very little knowledge in trading, trading competition will help boost token value.the suspicious part of it is when the coin drops. Well, I'm not yet very good at trading, I will have to watch for some moment.

[ameliana]

actually I personally have never participated in a trading competition at all, because I think it is very high risk and I heard that participants who have more capital then have a great chance of winning even though competition is very tight. and I think your expertise also plays a role in trading.

[doctor877]

To a large extent it does more harm than good. It's just to raise the token price which usually doesn't last for long because all whales wi leave once the competition is over and they will move on with their profit. What a project needs is Investors that will believe in the project and hold for long and not token price pumpers.

[rathaha10]

I am not creating this post to engage in argument but to voice my opinion. To some some people, trading competition is a good strategy to increase the prices of coins, at first it may appeared so but in the end, trust me, it is the surest path to crash. Every single person in trading competition is there to make profit, no one is ready to lose,  everyone is waiting to pull out at the slightest opportunity either to make profit or to stop loss. Now you know why the price of such coin will go down below normal. It might also interest those participating in trading competition to know that it might also be a way to dump on you. No one is saying you shouldn't take part in trading competition but be smart. Everything that appeared to have advantages have also got disadvantages. I asked if is a plus or minus, I guess you know the answer by now.

I couldn't agree more, your write-up really explain everything in details even the risk of running trading competition. However, certain project that ran a trading competition campaign did actually gain massively from it because it creates awareness about the project to lots of investors

[kawetsriyanto]

To some some people, trading competition is a good strategy to increase the prices of coins, at first it may appeared so but in the end, trust me, it is the surest path to crash.

No, it is not a good strategy to increase the price. You have answered exactly, the increase only happens temporarily and won't last a long time. Even after the competition, there is a chance for big drops in price. Anyway, in my view, trading competition is just a way to attract people to a new coin listed on an exchange. Especially for people who want to join the competition, then they must prepare their coins and buy them in a big number. Moreover, if the prize for the competition is quite big, then people are probably competing to buy a lot.

[ragavancoin]

Yes the trading competition is a traps for investors in that races someone can make profit and more investors can lose their some of investment and most important things is we have to understand the situation and utilize that for each entry and exist level in trading competition.

[Utoy101]

I am not creating this post to engage in argument but to voice my opinion. To some some people, trading competition is a good strategy to increase the prices of coins, at first it may appeared so but in the end, trust me, it is the surest path to crash. Every single person in trading competition is there to make profit, no one is ready to lose,  everyone is waiting to pull out at the slightest opportunity either to make profit or to stop loss. Now you know why the price of such coin will go down below normal. It might also interest those participating in trading competition to know that it might also be a way to dump on you. No one is saying you shouldn't take part in trading competition but be smart. Everything that appeared to have advantages have also got disadvantages. I asked if is a plus or minus, I guess you know the answer by now.

Well it's a two way thing and your point of view to the whole trading competition concept is quite correct. However, trading competition do serves it purpose which is introducing a coin to large audience of traders and i must say some project really kept massive trading volumes and liquidity even after the competition ended because traders often do fall in love with certain coins. I think trading competition isn't a bad strategy as it helps in creating awareness for tokens when they get listed

[lobo13hf]

I guess all these trading competitions are good for the pro traders. Most people will lose their money if they participate in them coz of pump and dump.

There will always be the winner in the speculation market and then mostly of newbies are not also looking for the prize from the competition as they can't compete with the whale to get the prize.
Pump and dump is something that can't be avoided from the crypto market.

[Rengga Jati]

The main goal of joining a trading competition is to be the winner and win the reward. As we know, the reward of the trading competition is always high and it attracts most traders. We can say that during the trading competition, we can gain the ways of profits and there will be so many transactions in exchange. About the dumping price easily, I think that it will depend on the participants. I'm sure that the participants will not desire to dump the price although it is for trading competition. Moreover, commonly the trading competitions are followed by those who are often joining such competition. So, it may not worry much about it.

[Bitcoinislife09]

Don't join new projects trading competitions, you can lose easily but if you join popular projects trading competitions there is nothing to be worry about, just trade normally and try avoiding getting rekt, don't focus much on what prize you will earn after the competition is over, instead focus on taking advantage of the trading, buying low sell high, just keep repeating this

If you are to ask me about this think I will say it is up to you if you want to join. Joining trading competitions is good. But you need to understand that you have to risk im trading competitions. Risking more can make you more a winner. Risking less can make you lose lesser. If you want to trade you don not have to focus on winning everytime. You have to study the trading competitions and learn from it so that you can do better the next time around. In trading you can be more efficient in terms of competitions if you would research and stydy more about it. Look and discover new techmiques and strategies.

[zero714309]

I believe that people who take part in trading competition are not careless people and people who are already experts in the field, the problem will be people who only participate without knowing the risks involved if everything happens unexpectedly. But all this is back to their choices, trading has become like opium for people who are PRO and trading competition will be a very pleasant thing for them

[michellee]

I believe that people who take part in trading competition are not careless people and people who are already experts in the field, the problem will be people who only participate without knowing the risks involved if everything happens unexpectedly. But all this is back to their choices, trading has become like opium for people who are PRO and trading competition will be a very pleasant thing for them

Many traders who take part in trading competition wants to make money, and they will try to use their skill to analyze the coin. But unfortunately, many of them are not realize that it is not easy to compete with other people who have a different skills than them. I am sure that many pro traders are also joining with that trading competition because making money will be their reason. I think if we can think that our skills are not too good, we don't have to try to join, but we can use the usual way that we already use.

[maxreish]

I found trading competitions to be too risky that's why I've never tried one out, I thinks it's best to join popular projects trading competitions, way better even if they are from top exchanges like Kucoin, binance etc
 

 It's always associated with risks. Those players are well experienced and have a good goal for joining trading competitions. One of the advantage of that trading competition is that they will exposed the particular coin they are trading. And yeah they may affect the price movements as well. Honestly, I want to try this out sometimes but not that confident enough to join.

[Akiko]

I guess all these trading competitions are good for the pro traders. Most people will lose their money if they participate in them coz of pump and dump.

even professional traders can also feel the lost if they are not careful deciding when to enter the contest . so they are also in the risk like unprofessional  traders when you participating in competition  chances of loosing  is higher you can't avoid this to happen your a pro or not.

The project will be the one who will benefit  with this competition traders will only benefit  if they win which is also low chances unless you prepared to use a lot of money and risk it all.

[istiak2277]

I think trading competition is a good way to create and keep the value of a token from bounty hunters dumping. When a new project listed to the market bounty hunter dump their token into the market. So trading competition can help to face this situation I think. As long as people want to win the competition they will buy token even project do not have much potential.

[OrangeII]

this is done to attract trading users to view their coins and compete in that. it could be that the benefits they get are greater than the gifts they give. I think, doing a contest like that in a certain amount of time is not a problem. it's just, the disadvantage of this is when the project is not so desirable. it will become a bomb for themselves.