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Have you seen the last trading competition's wave of coins? BAY, DGRAM, and others have basically gone to zero. With the current market so weak, a reward of over a hundred dollars from a certain exchange is already quite significant.
There's an interesting phenomenon—any coin that enters the trading competition can basically be confirmed not to be a scam coin. These coins tend to follow more predictable patterns, and shorting them can be even safer. Especially in the last few days of the competition, this is often a good time to enter the market. As long as you seize this window, profits are right in front of you.
Your theory sounds easy to follow, but in practice, my mindset collapsed early on. I said I would short, but I still got trapped.
Shorting competition coins is indeed more stable; I buy into this logic.
Over a hundred yuan in rewards is really a big deal now.
Did you enter during the final days? I tried last time and ended up losing everything.
Wait, is there really a window for this coin competition? Or is it just a gamble of luck?
As the competition nears the end, it's actually easier to dump the price; reverse operations can be highly profitable.
A hundred-dollar reward? Might as well mine; with the current market conditions, there's no hope.
Exchanges have been playing these tricks for years; who still falls for them?
Shorting competition coins is indeed stable, but you can't make much money.