The ranking has gone up, but I've decided not to keep pushing.
Yesterday, I saw the trading volume hit 600 million, and I was totally stunned—thinking that the leaderboard would at least need to reach a threshold of 70,000, and my 20,000 holdings were burning through almost 5U just from wear and tear, worried about being reverse sniped. But what happened? The 600 million volume only added 7,000 new addresses.
Something's off about these numbers. With such exaggerated trading volume, could most of it be bots trading against each other? That would be interesting; it might be that the whales are busy dumping their holdings. At this pace, won’t it drop to shit by tomorrow?
Thinking back to the three trading competitions I participated in, I finished in 16th, 41st, and 25th place, but ultimately the rewards weren’t enough to cover the fees lost on the last day. For those players going all out this time, trying to surpass my position, wouldn’t they need to trade up to 1.4 billion volume? Fine, I’ll just quietly watch your show.
Forget it, be more Zen. Sometimes not fighting or competing might actually get you the results you want.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
4 Likes
Reward
4
4
Repost
Share
Comment
0/400
ZenChainWalker
· 12-12 04:50
Only a Zen-like attitude can lead to results
View OriginalReply0
MevHunter
· 12-12 04:50
Even the laid-back approach needs to be profitable.
The ranking has gone up, but I've decided not to keep pushing.
Yesterday, I saw the trading volume hit 600 million, and I was totally stunned—thinking that the leaderboard would at least need to reach a threshold of 70,000, and my 20,000 holdings were burning through almost 5U just from wear and tear, worried about being reverse sniped. But what happened? The 600 million volume only added 7,000 new addresses.
Something's off about these numbers. With such exaggerated trading volume, could most of it be bots trading against each other? That would be interesting; it might be that the whales are busy dumping their holdings. At this pace, won’t it drop to shit by tomorrow?
Thinking back to the three trading competitions I participated in, I finished in 16th, 41st, and 25th place, but ultimately the rewards weren’t enough to cover the fees lost on the last day. For those players going all out this time, trying to surpass my position, wouldn’t they need to trade up to 1.4 billion volume? Fine, I’ll just quietly watch your show.
Forget it, be more Zen. Sometimes not fighting or competing might actually get you the results you want.