Trading competition, a plus or minus

[matchi2011]

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.

Trading competition seams a two way thing but I'll go with plus because it's main aim is to introduce the project to a wider audience of traders and nearly every time a trading competition is organized by projects especially upon a new listing, a lot of traders becomes aware of it and start using it for trading

For developers who are working with this strategy, bringing investors and traders by means of such competitions might work
for the short run, though its also possible that it can harmed the project itself
once the dumped started, and manipulations can't be avoided due to traders who
knows how to work with people sentiments.

[Lagduf]

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.

Trading competition seams a two way thing but I'll go with plus because it's main aim is to introduce the project to a wider audience of traders and nearly everytime a trading competition is organized by projects especially upon a new listing, a lot of traders becomes aware of it and start using it for trading

Trading competition is also being organized by the team too. The trading competition is also having the main purpose to introduce the project to all of the users on its platform too.
In another side, if that was also making the people will go to the short term speculation only.

[Mrchristo]

I believe that trading requires a great deal of skill and expertise. It may be unprofitable to those who are not skilled in the process and that could lead to more losses. The trading competition is more of a marketing and advertising strategy deployed by project developers to attract more people to the market. This explains why rewards are given to the people who showed outstanding contributions to the exercise.

[michellee]

For developers who are working with this strategy, bringing investors and traders by means of such competitions might work
for the short run, though its also possible that it can harmed the project itself
once the dumped started, and manipulations can't be avoided due to traders who
knows how to work with people sentiments.

As long as the developers can follow and stay alert of the trading competitions and make sure that the price is not getting dump, I think they can run the competitions without a problem. It is a job for the exchange to manage the competitions, and they don't allow the manipulations from many whales. However, that does not guarantee that the manipulations will not happen in the competitions.

[Barbut]

I believe that trading requires a great deal of skill and expertise. It may be unprofitable to those who are not skilled in the process and that could lead to more losses. The trading competition is more of a marketing and advertising strategy deployed by project developers to attract more people to the market. This explains why rewards are given to the people who showed outstanding contributions to the exercise.

You don't need expertise, you need money and time. If you have a bot to buy and sell for you with some minimal gains you can let it run for days and more money you have more will you wager, you can do it manually too, but it will take a lot of time and energy! To win the competition you need to have a lot of trades, it's all about that. You can't win it without losing some money on trades, without profit, here it's important how much you trade, not the profit you make.

[mersal]

Trade for your profits that is the smart choice of a trader but if you are going to other kind of trading methods you are just complicating things which will eventually increase the risk factor.

[totoy4741]

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.

You are right, they a certain token conduct trading competition in order to maintain or even surge up the price value of that token, and I don't think traders you try to dump the price amidst of the competition since they have a certain goal to win an extra rewards other than getting some profits in that competition.

[WalkerIVIV]

Trade for your profits that is the smart choice of a trader but if you are going to other kind of trading methods you are just complicating things which will eventually increase the risk factor.

It looks like you need to know more about this as the traders are not only aiming for the profit but they were also aiming to get the prize from their trade too. They will be getting the double benefits at the same time.

[thesmallgod]

Before, new listed coin used to organise a trading competition in order to boost trading volume and makes the token to rank higher which bring further attentions of the traders to the coin or token. However, as you have suggested it is not a lasting way of promoting a coin but rather build a project that surround the coin which makes the demand of the coin to be spontaneous. This is the only way you have a long lasting trading volume and possible increase in price of the coin or token

[Savemore]

Trading is not a competition with the other traders but it is a competition between you and yourself. What I mean is ourselves is the enemy when we do trade, trading psychology is vital if we want to have super performance in trading. There are a lot of many people who have knowledge about trading but they cannot execute it properly because they do not have good trading psychology.

[tiang_tower]

Trade for your profits that is the smart choice of a trader but if you are going to other kind of trading methods you are just complicating things which will eventually increase the risk factor.

What you say is only suitable for newbies who are just starting to trade in the crypto market, but for traders who are already very professional and have more experience, they will definitely follow the name of trading competition, because the benefits are also very much even though the risk is also large.

[South Park]

A huge minus imho!

• It incentivices people to take unjustified risks
• By presenting the winners, they give false hope to get rich lucksters who than think they can get rid of all their money issues by following that path. That usually just leads to more debts for those poor folks.
• Scammers take advantage of gullible people selling them their "99% success rate system" for hilarous amouts
• I don´t think a serious trading pro would participate in such a competition, but even if so, he might be there just to prove a point

Agreed, at the beginning it may seem like a good idea to participate in the trading competition but it is a mistake, it could very easy lead to behaviour that resembles gambling a lot more than trading, after all if someone is close to win the competition but he finds himself in second place he could overtrade with the hope to surpass the one on the first place, creating some kind of bidding war, however it could come to the point in which both traders keep trading not because they want to obtain the profits that winning the competition brings but to not lose as much money as they have traded too much and lost money in the process and that is a clear sign something went wrong for those people during the competition.

[Iyanu14]

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.

To me, I see trading competition as a contest mostly in favour of those that have much to put into it. I stand to be corrected anyway.  Because I did not have much to put into it, I occasionally participate in it.  For those that are into it, it is a good way of making profits.

[WalkerIVIV]

Trading is not a competition with the other traders but it is a competition between you and yourself. What I mean is ourselves is the enemy when we do trade, trading psychology is vital if we want to have super performance in trading. There are a lot of many people who have knowledge about trading but they cannot execute it properly because they do not have good trading psychology.

We are talking about the trading competition event that being held by the exchange site.
It's not related to the how to control ourselves but it's about is it worth to participate in the trading competition? we know that so many whales were also participating on this even. it's not worth for small traders. 

[L A R A]

Trading competitions have pluses and minuses
Plus: We can get prizes from our trading activities
Minus: The average coin that is holding a trading competition prices tend to fall

[ancafe]

I feel that trading competition can be a plus or a minus. however, it can attract traders, or investors to return to see the coins that we have. it's just that, it will be a plus when a developer develops something new from their project. trading competition can attract investors back. whereas if they do that without consideration, then people will only come to take prizes from the competition.

[FireBallex]

If you know how to play safe when trading then there is no problem, all you have to do is play to win, the more you trade the higher your chances are to get qualified for the reward, if I have to ask myself about this well I'm not that interested, I prefer buying low and selling high strategy

[0verseer]

Are you gonna start ranting about balance in the trade which if there a profit then there is a loss as well? That kinda on philosophy's section but anyway, out of pure view of traders, he doesn't need to know or care about whether there is a balance or not. Competition is fine too since everyone wants to be a winner, not a loser, and this push the market toward a healthy, competitive as a place for cryptos to grow.

[Nesbee2]

I think the  main reason project developers initiate a trading competition is to increase liquidity of such tokens. I got engaged in a trading competition once but didn't win any prize. someone won a huge amount . But i have also witnessed a trading competition and at the end it didn't increase the price of  the token . 

[makishart]

I think the  main reason project developers initiate a trading competition is to increase liquidity of such tokens. I got engaged in a trading competition once but didn't win any prize. someone won a huge amount . But i have also witnessed a trading competition and at the end it didn't increase the price of  the token . 

It looks like your competitor was the whale and that's why you are not winning the price. The main purpose from this event to attract liquidity and demand.
People will be focusing to their total profit and how much they have already traded. there will be not pump.