pull down to refresh
0 sats \ 2 replies \ @Solomonsatoshi OP 23h \ parent \ on: @Solomonsatoshi's bio
Ok Thanks for that and I stand corrected.
Am impressed that the actual fees are very reasonable.
Just the perception of gain is less due to market price dynamics.
It must be quite a complex algorithm to price the ever changing market odds!
Well done and all the best.
I'm happy I can clear the doubts.
I recommend you to place some predictions in higher liquidity markets if you're more of a trader. There are many markets on Predyx which have very high liquidity and corresponding volume that will reward traders much more relatively.
Here's an example what to look for if you want to enter and exit a market
The left one (red circle) is for the volume, the right one is for the liquidity.
Keep in mind the higher the liquidity and volume are on a market, the odds (what you called margins) are less volatile while trading i.e. while buying or selling both.
reply
Yes that makes sense.
I just love the chance to try and predict the future and see what others think too.
It is a very interesting marketplace as you put your money where your mouth is and there is a real tendency for it to tend toward the truth due to market forces.
We had a similar online market here in New Zealand years ago called 'ipredict' run by one of the universities statistics department, though it used fiat, and it was shut down by the government ruling party - that government did not appear to like a free and open marketplace in peoples expectations- they would rather try to control them! They have close associates will commercial polling companies...
So imo prediction markets are a vital part of freedom of speech and democracy- as well as damn good fun.
Hopefully bitcoin can help keep prediction markets open and free of government meddling and censorship.
reply