What are the chances of winning an Exchange event ?

[SiliconHat]

I don’t know if i’m the only one but since I decided to put trading on hold since the beginning of the year due to the market instability but one thing i’ve done steadily is participating in hodling and staking events on exchanges through which i’ve gotten some airdrop tokens.

Interestingly, i came across a trading event today on one of the exchange i use. The event, Diamond Thursday seemed like a great one because i found out it’s a weekly  event that’s been on for 20 weeks now on the exchange but I’ve been contemplating about participating because I get to win the exchange token if i do. I would like to know what you think you think about this and if you’ve participated in events like this before.

[OmegaStarScream]

I'm not sure about the others, but I don't think they're worth it, even if you win. Sometimes it's just some low amount to be shared between hundreds of thousands of people. It's so insignificant that I don't even think you could make up for the trading fees you've spent.

If you're already trading daily, then that's fine. But if you're only trading for the sole purpose to win the prize, I don't believe it's worth it at all. Or at least, that's what I concluded from the trading contests I sometimes stumble upon.

[notocactus]

I don’t know if i’m the only one but since I decided to put trading on hold since the beginning of the year due to the market instability but one thing i’ve done steadily is participating in hodling and staking events on exchanges through which i’ve gotten some airdrop tokens.

If you are wondering about what to do, between investment and trading or staking on centralized exchanges, it shows me that you are inexperienced in this market from both investment and trading. Because if you are experienced enough with investment and trading, you will know that investment worths to do as it is profitable, but trading does not worth your time as it causes your capital loss.

Interestingly, i came across a trading event today on one of the exchange i use. The event, Diamond Thursday seemed like a great one because i found out it’s a weekly  event that’s been on for 20 weeks now on the exchange but I’ve been contemplating about participating because I get to win the exchange token if i do.

Storing your fund on centralized exchanges just for staking and getting exchange tokens, is risky and you need to read
Reminder: do not keep your money in online accounts
You can search for Terra and FTX collapes and some consequent bankrupcies like Three Arrow Capital, Voyager, and more.

[Findingnemo]

If anyone wonders what the event OP was talking about and I found it's from B I T G E T, so my conclusion is another BG shill but smart enough to mention without even using the word.

[Ivystar5]

Exchange events are a complete waste of time just one of the strategics they use in holding up users to increase the capacity of usage of their exchange.

If you trade for the tokens some times if the rewards are huge you might end up sharing a good amount with others.

Imagine 500 hundred users competing for $1000 then after wins they split with a hierarchy down towards your position ho much do you think you will be rewarded after spending time and money? it's now clear that it's not worth it.

I don’t know if i’m the only one but since I decided to put trading on hold since the beginning of the year due to the market instability but one thing i’ve done steadily is participating in hodling and staking events on exchanges through which i’ve gotten some airdrop tokens.

If you are wondering about what to do, between investment and trading or staking on centralized exchanges, it shows me that you are inexperienced in this market from both investment and trading. Because if you are experienced enough with investment and trading, you will know that investment worths to do as it is profitable, but trading does not worth your time as it causes your capital loss.

Interestingly, i came across a trading event today on one of the exchange i use. The event, Diamond Thursday seemed like a great one because i found out it’s a weekly  event that’s been on for 20 weeks now on the exchange but I’ve been contemplating about participating because I get to win the exchange token if i do.

Storing your fund on centralized exchanges just for staking and getting exchange tokens, is risky and you need to read
Reminder: do not keep your money in online accounts
You can search for Terra and FTX collapes and some consequent bankrupcies like Three Arrow Capital, Voyager, and more.

I don't know if you under what op is talking about but I think all that suggestions are not what his asking for!

[Z-tight]

If anyone wonders what the event OP was talking about and I found it's from B I T G E T, so my conclusion is another BG shill but smart enough to mention without even using the word.

I thought as much and after checking the feedback in the op's profile, we can see that this account is run by a shill. However, we have to give it to them that they created this thread without mentioning their employers name. However, for whatever it is worth, i don't participate in events like these and i believe it is a complete waste of time.

[hugeblack]

Assuming the participation is fair and honest (which is not guaranteed), the more users there are and the easier the conditions, the higher your chances of winning. In other words, you need to use good platforms with fewer users or stricter conditions to have a good chance of winning these contests. Otherwise, you really need to be extremely lucky.

[SiliconHat]

If anyone wonders what the event OP was talking about and I found it's from B I T G E T, so my conclusion is another BG shill but smart enough to mention without even using the word.

Not at all you got it all wrong, if it was a shill i would have mentioned the name. It simply one of my favorite exchanges that’s all. I was simply hoping to get some advice here which is why i posted this. As someone who doesn’t participate in events like this before…it is not wrong of me to ask for others opinions.

[SiliconHat]

Exchange events are a complete waste of time just one of the strategics they use in holding up users to increase the capacity of usage of their exchange.

If you trade for the tokens some times if the rewards are huge you might end up sharing a good amount with others.

Imagine 500 hundred users competing for $1000 then after wins they split with a hierarchy down towards your position ho much do you think you will be rewarded after spending time and money? it's now clear that it's not worth it.

I don’t know if i’m the only one but since I decided to put trading on hold since the beginning of the year due to the market instability but one thing i’ve done steadily is participating in hodling and staking events on exchanges through which i’ve gotten some airdrop tokens.

If you are wondering about what to do, between investment and trading or staking on centralized exchanges, it shows me that you are inexperienced in this market from both investment and trading. Because if you are experienced enough with investment and trading, you will know that investment worths to do as it is profitable, but trading does not worth your time as it causes your capital loss.

Interestingly, i came across a trading event today on one of the exchange i use. The event, Diamond Thursday seemed like a great one because i found out it’s a weekly  event that’s been on for 20 weeks now on the exchange but I’ve been contemplating about participating because I get to win the exchange token if i do.

Storing your fund on centralized exchanges just for staking and getting exchange tokens, is risky and you need to read
Reminder: do not keep your money in online accounts
You can search for Terra and FTX collapes and some consequent bankrupcies like Three Arrow Capital, Voyager, and more.

I don't know if you under what op is talking about but I think all that suggestions are not what his asking for!

Users sharing $1000 as rewards is ridiculous but nevertheless we just have to keep trying. This is the main reason why i asked… to know more about events like these.

[Phoenixtrader]

I don’t know if i’m the only one but since I decided to put trading on hold since the beginning of the year due to the market instability but one thing i’ve done steadily is participating in hodling and staking events on exchanges through which i’ve gotten some airdrop tokens.

Interestingly, i came across a trading event today on one of the exchange i use. The event, Diamond Thursday seemed like a great one because i found out it’s a weekly  event that’s been on for 20 weeks now on the exchange but I’ve been contemplating about participating because I get to win the exchange token if i do. I would like to know what you think you think about this and if you’ve participated in events like this before.

Well tbh the market hasn't really been good lately. But it depends on why you're trading, if it's to keep in form or for the rewarding experience??. Is this the event you're referring to?. Diamond Thursday. Seems it's weekly like you said.. it's cool but the competition would be high yunno..probably give it a try.

Assuming the participation is fair and honest (which is not guaranteed), the more users there are and the easier the conditions, the higher your chances of winning. In other words, you need to use good platforms with fewer users or stricter conditions to have a good chance of winning these contests. Otherwise, you really need to be extremely lucky.

If you're participating in events, you need to be ready for anything though haha.

[TheUltraElite]

I would advice people to avoid participating in trading events.

You understand the psychology behind the Black Friday or Cyber Monday sales? It is in the same lines. Besides trading needs proper timing and and event running is the worst possible disruptive tactic against the wait and watch game.

Do not forget that an exchange gets paid its fees if you trade, not if you just wait and watch the market. Figures who is actually getting rich from your losses?

BTW if you have to shill for that event then you are in the wrong place.