What’s the biggest trading comp you’ve hit this year? I saw someone on X raking in about $30k from competitions, launchpools, and bounties. That’s nuts. Personally, I didn’t get close, but I’m aiming to go hard next year.
Bounties just aren’t the cash cows they used to be. I’ve heard of hunters making $100k from a single bounty, but lately, it feels like a lot of altcoin projects are scams. Better to be cautious and study the risks before diving in.
Yeah, there are tons of trading competitions lately, but it’s kinda expected since everyone’s joining in. Good luck to all of you on the leaderboard! Make sure to update us on how it goes.
Combining them all can boost your earnings, but luck plays a big role. Like, if you’re doing bounties for multiple projects, you might end up with only one decent payout. And even then, the token might not be worth much.
Competitions are just setups by exchanges to profit off traders. They attract you with big prizes but then play favorites with insiders. Not many competitions are legit unless they’re from well-known exchanges.
Honestly, launchpools and trading competitions seem tailored for wealthier traders. You need to buy hefty amounts of BGB just to qualify. Feels like it’s all for the big players.
Exactly. It’s kinda exclusive to the wealthy or mid-tier investors. The competition is about who’s got deeper pockets. I’d rather stick to spot trading and gradually build my way up. Slow gains are still gains.
$100k from a bounty sounds wild, but I’d be skeptical. Maybe if you subtract a zero it’d be more believable. But yeah, I think a lot of that income involves doing multiple bounties across different tasks like social media or blogs.
Back in 2022, that was definitely possible, but now who knows. I'm sticking with the crazy48h comp. Phase 7 is on right now, and I scored about 10 BGB last time. Join me if you want!
Good luck with that phase! I’m sitting this one out since I didn’t load my account. Maybe I’ll jump in next time, but I think launch pools are where it’s at now if you know what you’re doing.
I joined a Binance competition with a $3M prize pool, but honestly, it wasn’t very profitable for small traders. I’ve seen how Bitget sets up their 48-hour challenges, and they make the volume reachable for smaller traders. It can actually pay off if you play it right.