1d ago
so i been thinking about this synthetix trading competition
right now you either
1. use more leverage than everyone else who is just sitting long
2. actually trade long and short and outperform on good amount of leverage
but regardless of all this, if you arent in the top 5 or 10 by the last couple days, youre basically incentivized to punt full port 100x trades to try get up there
and everyone will either blow up their port or actually get lucky and run to the top of the leaderboard on a hailmary 100x in the right timing with lucky market conditions
all in all, i expect majority to zero out in the last week trying to yolo 100x into the top of the leaderboard
with maybe some getting lucky in there, and anyone who traded properly kind of finishing mediocre
8.41K
42
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.