The $NIGHT coin has recently made me rethink my strategy for participating in trading competitions. I replenished my margin by 260,000 yesterday, and the current situation is—it's getting out of hand.

To be honest, trading competitions seem to offer plenty of opportunities. Points, rewards, airdrops, theoretically you can benefit in multiple ways. But I've been participating since October, and during that time, the profits from trading competitions were indeed quite good, it was a peak period. Now? There are more people, the competition has become fierce, and the profits have actually shrunk.

The most critical issue is not the thin profit margins, but the cost of time. The volatility of these trading coins is particularly intense, and sometimes the key window period lasts only a few seconds. You need to monitor the market, react quickly, and position yourself accurately. It takes an enormous amount of time, and every participation feels like a race against time.

In contrast, the balance between input and return is becoming increasingly unbalanced. Initially, there was still profit space in that wave of alpha, but now it has basically all flowed into trading competitions, and the market has become highly gamified.

My conclusion is: unless absolutely necessary, I really do not recommend participating again. Especially if you have other more stable sources of income, it’s better to change your mindset than to be tied down by the trading competition in terms of time and energy. Some opportunities may seem lively, but whether they are truly worthwhile still depends on your own calculations.