Trading campaigns helps level up trading for traders

[poodle63]

well to be honest trader will still try to see whether the benefit outweight the loss they might have when trading for event like these fairly speaking exchange like bybit and so on always incentivizes trades on certain coin just for the sake of pumping its volume and will give rewards the token itself for free for whoever traded with the pair that is being sponsored, I think that also the reason why many exchange when having new listing always have the trading volume shoot up high reaching billions since the system of the rewards itself is first come first serve.
so its definitely not a new thing, but i personally always find events that requires trader to make as much trading volume as they can always problematic, there are so many money that gonna be risked just to reach certain degree of trading volume where the loss may outweight the rewards, if its an event where there's just this one mandatory trading where value is equal to $100 or more its gonna be completely fine and yes it does motivate trader to certain degree.

[1714965055]

1714965055

[1714965055]

1714965055

[Cryptoababe]

But, there's always the minimal requirement that's needed and it's not for everyone to join.

Yeah.. There is always minimal requirement and most trading events are not for everyone to join. At times, the event can be for some specific regions also.

[Cryptoababe]

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading.

But risks should be taken into account as well. For instance, they could end up burning a lot of money and not getting the reward they want or at least the same value of the funds burned. But hm, I think most people in the forum are not whale enough for such contest.

Yeah.. The risk in trading is always taken into account. Especially during this high volatility period. Apart from the event, trading is for people who really have the mind to take anything in the market because where there is huge gains, there is also liquidations. And one needs to be fully aware of these.

[Hamza2424]

Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.

Hmm, there's no doubt that it is a win-win for traders and the projects both, trading volume and activities can be motivated by such events but these activities possess some kind of risk as well, mostly new project launches such as token rewarding or asset rewarding events in which they mostly restrict the user to trade with their suggested pair only, which can cause a loss if team play any shady trick don't hat time, so never get lost with the rewards by ignoring the risk management.

Haha, at the same time, these Bonus picks are for the whales who already possess a much larger capital and don't desire to risk more with such promotional campaigns, but the random distribution events really attract the retail users as well.

[Natalim]

Bitget is really encouraging people to trade. It can be a motivating factor but I'm not sure how effective it was in making traders improve.
IMO, this is another marketing trick used by the said platform and a way to build community. For starters, this could be a good opportunity for them but I'm not sure old traders will find it attractive because, for me, I prefer to stay on the platform that I am already familiar and comfortable with. It was not the prize or any rewards but what is most important for me the reputation and funds security. But of course, there is harm in trying especially those who are in search of trading platforms.

[GeorgeJohn]

Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits

it is good to make a positive research before entering market of trading because if you don't make a proper research in Trading you will not be able to make a profit so many of us today who lose in trading such thing happened to them because of lack of experience when you understand the system of trading very well I don't think that you will experience much loss it's not that you know it very well in Trading but at least you will be making a profit in any of your trading so before we open a trading market we have to observe the movement of the candlesticks and they also know if the market is going to be favorable to us or not that is why it is advisable to make a proper research before we enter into trading

[BABY SHOES]

Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.

Even with the smallest prize to get $50 SOL must have a trading volume of $2,000,000 let alone if you get a Tesla model S car - $2,000,000,000 must have such a trading volume then this is only the pope can do it, like we will not be able to have such a volume.

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits

What if they have a loss and do not get a profit because they do not reach the target, then here many say that it is the event organizer who will make a big profit from the trading fee commission.
For me this is something that is difficult for anyone to do, unless they have millions of dollars but like us who can do this?
If you only do motivation and strategy in trading then just trade normally if you follow this event there is always pressure where you want to achieve high volume but in the end there are losses.

[GbitG]

Yeah.. The risk in trading is always taken into account. Especially during this high volatility period. Apart from the event, trading is for people who really have the mind to take anything in the market because where there is huge gains, there is also liquidations. And one needs to be fully aware of these.

Yeah, obviously OP is beyond any doubt. There is no doubt that there may be risks in trading. In trading you have to change stances under a proper strategy because, as you said, on one side there is a there is a huge gain or decline, while on the other side there is liquidation. So monitoring all these and making your strategy or plan based on them is quite difficult, that is, trading needs a lot of effort. And if you didn't know about these points so indeed you can lose. became crypto market is a high volatility based market in it one thing has to be taken into consideration then there is a chance that your loss ratio will be low. But it also depends on you and what your stance is against the volatility of the market. 
 
So it means that it is correct to say that if you do not have full market awareness in trading, then you can lose. became of high volatility as well as market liquidation. So all these all points should be analyzed and acted upon otherwise, the other option may be lost.

[redsun114]

well to be honest trader will still try to see whether the benefit outweight the loss they might have when trading for event like these fairly speaking exchange like bybit and so on always incentivizes trades on certain coin just for the sake of pumping its volume and will give rewards the token itself for free for whoever traded with the pair that is being sponsored, I think that also the reason why many exchange when having new listing always have the trading volume shoot up high reaching billions since the system of the rewards itself is first come first serve.
so its definitely not a new thing, but i personally always find events that requires trader to make as much trading volume as they can always problematic, there are so many money that gonna be risked just to reach certain degree of trading volume where the loss may outweight the rewards, if its an event where there's just this one mandatory trading where value is equal to $100 or more its gonna be completely fine and yes it does motivate trader to certain degree.

If they are a wise trader yes but if not, they think those items are more worth it for their losses. For us non-traders, we are against those schemes like that made by exchanges because it's obviously a type of manipulation but there are people who don't mind that only to gain a benefit.

The second promo you said there is still expensive for a poor trader and for those who can afford it, they can either receive a minimal reward or they are not guaranteed yet to get rewarded because it will mostly get raffled but the prizes this time is a little better. I'm sure a lot of wise traders are still going to think twice for this and can end up not participating on it.

[Distinctin]

Except for maybe just gaining experience, a variety of traders lose out on the rewards that are usually given out to the few. Such competitions mostly favor whales as they have very high trading volumes unlike retail traders with small accounts.

Compared to the prizes top traders win, exchanges often make a lot from trading fees in such competitions. They are just aimed at upping an exchange's revenue.

While this type of trading competition can be taking advantage of our trading fees, but isn’t this a good activity that will also motivate us and improve our trading skills and strategies? Certainly yes. With the prizes at stake, even big whales will also develop interest to participate, hence creating more traders to be more competitive on their chosen field of career, or side hustle.

[freedomgo]

Those that are good can join them but for someone like me that don't trade a lot but wants to make some profit, maybe if you're qualified to join and just want to experience how it goes, you may try to go.

The incentives that the traders will get there could also help them more with their trades if ever they win. Those prizes are good amounts and encouragement to those that are good in trading.

But, there's always the minimal requirement that's needed and it's not for everyone to join.

Well, it takes good trading strategies so you will be more confident to join the competition. And unfortunately, not all traders are capable of that. But everything can be learned in trading, it just takes time to increase your trading experience in the market and you’re good to go. Patience and market consistency are the keys. If you are not patient and consistent in learning, then obviously this is not for you.

[mirakal]

Except for maybe just gaining experience, a variety of traders lose out on the rewards that are usually given out to the few. Such competitions mostly favor whales as they have very high trading volumes unlike retail traders with small accounts.

Compared to the prizes top traders win, exchanges often make a lot from trading fees in such competitions. They are just aimed at upping an exchange's revenue.

This is another strategy for trading platforms that will eventually create a high demand most especially for those who are eager to trade and make profits. But of course, just like gambling casinos, these trading platforms have already planned this to increase their exchange’s revenue, but at the same time, it also offers an advantage for traders as they can be an outlet to harness the trading skills of these traders, and develop new strategies that will definitely work for them. So at the end of the day, both parties will benefit. It’s like 50-50 scenario after all.

[Kelvinid]

Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.

It is quite interesting and tempting especially if you are new to trading. But I don't think this would gain interest from old traders, not in this case as it only is particular in Bitget. Well, of course, I support this kind of marketing strategy believing that Bitget can be trusted but in those suspicious platforms, I'd rather say NO.

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits

They will be getting serious about this because traders are expecting something in return. Otherwise, this will be a reason for dragging down their reputation and that also ruin the entire crypto market. I hope this won't just be a sort of competition but a sort of making trader more realistic and careful with their actions.

[OrangeII]

Well, trading campaigns do have many advantages. Apart from being profitable for the exchange itself, this also encourages traders to be more active in trading. This not only helps improve traders' skills, but also adds experience to traders in competing in trading. Apart from that, this also makes traders more prepared to accept the risks of trading for a certain period of time.

[Jating]

Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits

But at the end of the day, still going to be a win-win situation for the exchanges themselves. Yeah, they can incentivized traders with this so called attractive rewards and others. However, this is just a business model that everyone can used, even gambling platforms have this kind of promotions to attract gamblers like for example, win a tesla cyber truck.

So it's all gimmick moving forward. Maybe you can justify it like that you will have gain experience from joining the competition. But at the end of the end, the winner will likely have spend a lot of money too and who knows, even if they won this so called big prices, they could still be in the negative side of the trades.

[synchronym]

Usually traders hope for high profit by trading, many times it is seen that the high profit comes and gets damaged by being too hasty while trading. Therefore, in trading, we must acquire enough knowledge about trade because if we do not have enough knowledge about trade, then we will not get much success through it. In the field of trade, we always have to have a long-term plan. Many times it is seen that newcomers come to trade in a hurry, so we should not rush and check the market. In trade, however, we have to be patient, many times we lose patience, so we have to trade without losing patience.

[Natsuu]

Well, trading campaigns do have many advantages. Apart from being profitable for the exchange itself, this also encourages traders to be more active in trading. This not only helps improve traders' skills, but also adds experience to traders in competing in trading. Apart from that, this also makes traders more prepared to accept the risks of trading for a certain period of time.

I also think campaign would also benefit traders for providing experience and practical knowledge trading in the market. Because where else would you seek trading advice right, that should be ask from the traders themselves. With such competitions, it could also create a community where psychology are prioritize because after all trading is a mental and performance game.

However competitions for having the largest gain could lead to bad habits of overleveraging. I think in competition it would be better to measure it by consistency of results than the largest percentage gain.

[justdimin]

well to be honest trader will still try to see whether the benefit outweight the loss they might have when trading for event like these fairly speaking exchange like bybit and so on always incentivizes trades on certain coin just for the sake of pumping its volume and will give rewards the token itself for free for whoever traded with the pair that is being sponsored, I think that also the reason why many exchange when having new listing always have the trading volume shoot up high reaching billions since the system of the rewards itself is first come first serve.
so its definitely not a new thing, but i personally always find events that requires trader to make as much trading volume as they can always problematic, there are so many money that gonna be risked just to reach certain degree of trading volume where the loss may outweight the rewards, if its an event where there's just this one mandatory trading where value is equal to $100 or more its gonna be completely fine and yes it does motivate trader to certain degree.

I do agree that when you are trying to do your best, a trader will see the problems before they see the benefits of it. Well, simply because seeing what could benefit and profit them is easy, you could go find some terrible token, and say "if this goes 100x then I am rich" and then you could invest, that is not the point, everyone can do that. They end up looking into what could go wrong, that is a lot better because it would mean that you will see all the things that could go wrong.

This means that you get to eliminate all the bad possibilities, and find only the good trades that could do well. This allows people to make much better judgement and allows them to do greater on the long run as well, benefiting them a lot.

[jrrsparkles]

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading.

The only intention of such a campaign is to make everyone to trade more which is obviously going to bring more profits to the platform cause more fee/more commissions and more fee in withdrawals. Don't you eve think that you should trade more to get the prize because it obviously going to be end up in the hands of a big trader/whale who can create a volume in millions with just one trade.

[Questat]

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading.

The only intention of such a campaign is to make everyone to trade more which is obviously going to bring more profits to the platform cause more fee/more commissions and more fee in withdrawals. Don't you eve think that you should trade more to get the prize because it obviously going to be end up in the hands of a big trader/whale who can create a volume in millions with just one trade.

It was not a problem as long as they were following the rules and in good intentions. Of course, the site will get more benefits from doing but of course, the winning trader would also take their prize while those who are not will also gain experience and additional learning. It is up to the trader if they will join, in fact, this is not a urging situation but just an opportunity. Those traders who find it beneficial will fairly make their choice to join but doubtful traders will not.
In the end, it is a sort of hyping of their trading platform and encourages traders to learn more.