2025-12-30 07:25:21

If you can't hold on to some things, it's better not to force it; it's better to let go early. After watching several rounds of trading competitions, activities like KGEN, STAR, and TIMI are basically doomed to be exploited by those who game the system, and I myself chose to withdraw early. Frankly, the problem with these competitions is obvious—the limited number of participants, the liquidity of trading pairs can't keep up, and the actual prizes can't cover the slippage and transaction fees. The market is unstable, often with order splitting, and the activities are divided into multiple stages. The whole process ends up being a celebration for those super traders. Retail investors hoping to profit from it are probably overestimating.

KGEN-0.64%

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ChainBrain

· 3h ago

A bloody lesson, these competitions are just traps. Retail investors simply can't compete with the strategies of the big players. Wish I had known earlier and just ran away, don't follow the trend. Liquidity is poor, slippage explodes, and you lose everything. I've also learned my lesson after losing a few times, so I just don't participate anymore.

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ForkLibertarian

· 3h ago

Alright, these competitions are just schemes for institutions to manipulate retail investors. I've seen through it long ago. No matter how many events there are, it's all in vain. The liquidity is garbage and still being manipulated; I've already given up. I knew that wave of KGEN was a trap; I couldn't make any real money from it. Honestly, retail investors participating in this are just cannon fodder. It's better to hold. Really, if you can't hold onto something, better to let go early. Don't foolishly keep going all-in. The bonuses have been snatched away by big players. Small retail investors like us shouldn't hold any illusions. If liquidity can't keep up, it's doomed to be a trap. I was smart this time and didn't fall for it. These competition schemes are too deep. Next time, I won't even bother to look.

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GasGuzzler

· 3h ago

If you can't hold on, then let go. That's true. I also participated in that round of KGEN, but the slippage was so high it was deadly. Before I could even make a profit, I was repeatedly pushed in by transaction fees. Really, this kind of competition is a feast for big players; retail investors going in are just giving away money. It seems simple, but in reality, liquidity can't keep up at all. Being trapped in a sandwich order is absolutely despairing. The earlier you exit, the sooner you find relief. There's no need to force a trade. This is the awareness that a clear-headed trader should have.

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GasWastingMaximalist

· 3h ago

Sold, sold, these competitions are just a trap, liquidity is garbage to death Should have known not to bother, every time getting squeezed and cut I really lost so much in that KGEN round that I started to doubt life, I just can't escape Rather than holding on stubbornly, it's better to withdraw directly to avoid being repeatedly cut Honestly, doing these activities is not as good as trading on funding fees, which is more reliable Retail investors, just don't get involved, transaction fees and slippage will eat up all profits This kind of competition design is terrible, activities with average liquidity become waste paper Agree, timely stop-loss is the key, don't fight the project team to the death

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FrogInTheWell

· 3h ago

I just say, these competitions are basically just schemes to harvest retail investors, I've seen through them early on. I almost fell for the KGEN round, but then I realized the liquidity was really tight, so I just ran. These multi-stage events are the most disgusting, one trap after another.

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down_only_larry

· 3h ago

Really, these competitions are just a trap. I've seen through them long ago. I almost got caught completely during the KGEN round. Now I just pass on this kind of event. Poor liquidity, slippage off the charts. How can retail investors have a chance?

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OneBlockAtATime

· 3h ago

Really, these competitions are just a waste of time. I gave up long ago. That wave of KGEN was really tragic; slippage directly ate up the prize money. Retail investors just get slaughtered; it's just a playground for traders. Liquidity can't keep up at all; getting squeezed is the norm. Instead of wasting brainpower here, it's better to do something else—it's not worth it. These kinds of activities are traps; the officials are as clear as a mirror about it. Letting go early is truly the smart choice, really. The prize money isn't worth the hassle at all; it's a big loss.

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