Fantasy sports and fantasy finance both rely on accurate predictions to win contests. In fantasy sports, players line up their favorite athletes to earn high points. While in fantasy finance, traders line up stocks and cryptos to pick top gainers and win some extra cash. They are both quite similar. However, participating in fantasy finance serves you more in the long run. Here’s why:
Why Do People Pick Right in Fantasy Finance?
Fantasy finance is built on fantasy sports mechanics. It is a game of skill where players participate in contests to build a virtual stock or crypto portfolio. Players can learn the ins and outs of the stock market through a revolutionized trading simulator with no actual risk to their capital. On a fantasy finance platform like StockBattle, players can select up to 5 stock or crypto picks to see if any of them rise within the stipulated time frame of the game. There are 15-minute games or 1-hour games, each with a different prize pool. The winner with the most points earned from accurate predictions wins the contest.
Fantasy finance contests are designed to be educational, unlike fantasy sports, which is purely for fun. As we mentioned, participating in these contests does not pose any risk to your capital. Players can connect to other like-minded traders from around the world and learn their trading strategies. It’s also a great way to learn how to invest, employ your finances, and earn a little side cash.
Here are a few other reasons people trade fantasy finance:
The Thrill of Competition: Same as in fantasy sports, fantasy finance players can battle fantasy stocks with other players from around the world. You can learn a thing or two from other people’s trading strategies and use them to perfect your own prediction skills. These contests are highly competitive because of their short-term nature. You can play as many as five to ten games a day, unlike in fantasy sports, where you set your line up for each game week.
Financial Literacy: To participate in a fantasy finance contest, you need to do in-depth research and analysis on stocks and crypto. That way, you brush up on your knowledge of investments, stocks, cryptocurrencies, and the financial markets as a whole.
For example, let’s assume you select Netflix, PayPal, and Tesla as your stock picks. You must first study their price history to spot price trends. This analysis is necessary for making the right predictions.
Real-life Trading Experience: Fantasy finance mimics real-life trading floors. It offers players a platform to experience trading in the stock or crypto markets without any risk to their capital. You can fully grasp the stock market by choosing bullish and bearish trends while participating in fantasy finance contests. The crypto market is full of price movements all through the day. So, by picking on increased price movements in a fantasy finance contest, you earn the top spot and win the prize pool if you are correct.
For example, after selecting five cryptos in a fantasy contest, I, along with ten other players, begin battling for who has the right prediction of the coins that will go up in the next 15-minutes. The green and red numbers show price fluctuations in the market.
Fun & Rewarding: Fantasy finance contests are fun and rewarding. In a game like StockBattle, you can participate in fantasy crypto trading as much as you’d like. You can play ten 15-minute games or four 1-hour games every day. You can also earn cash rewards for accurate stock predictions and even double it with various bonuses available. In StockBattle, it can all be done with a 100% Welcome Bonus.
Key Differences Between Fantasy Finance and Fantasy Sports
Fantasy finance is kind of like a win-win situation. Even if you aren’t winning contests, you will learn more about finance, which is useful in everyday life. You will know about trading stocks, picking the right stocks, and know how to better employ your finances.
In contrast, fantasy sports may not help you in everyday life situations. Though, it is very technical and can help sharpen your brain. Nonetheless, it can only come in handy every day for those who are interested in sports management as a career.
Key Similarities Between Fantasy Finance and Fantasy Sports
Participating in fantasy stocks and fantasy crypto is fun and enlightening. Also, it is a great way to make some extra cash while learning about the stock market. Not to take anything away from fantasy sports, it is also interesting and engaging and it teaches you about strategy in sports. You can even earn a little side cash when you participate in contests.
Both fantasy finance and fantasy sports are technical contests that sharpen your analytical skills.
Finance or money is in our daily lives and knowing how to better employ it can help you in the long run. This is why we recommend adding fantasy finance to your fantasy sports agenda. That way you get the best of both worlds. Fantasy finance can help you make better investment decisions in the future.
Here are a few notes to remember:
- Fantasy finance can be applied in the real world to make better money decisions
- They are both technical games that require deep calculations and critical thinking
- The major difference between the two is that fantasy sports do not offer any real value or education
- You can earn extra cash in both fantasy finance and fantasy sports
- Fantasy finance educates you and improves your financial literacy.