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If I want to force YES to win it would cost me 100M sats.
I would win 10k sats and pay 660k sats in fees. Obviously this is an extreme example because I wouldn't buy all those shares at once so I would try to get people to take the other side but I just don't see anyone taking the YES side in a substantial way with this level of liquidity and fees.
I think it would need to start with at least 100k liquidity and probably .1% fees
It's already less than 1%.
I didn't do 100K liquidity because I don't wanna see someone manipulate it, not even I, just wanna see more activity and more people participate. And fyi, it's trading volume so all of your sell orders will also add up.
Ok so let's say buy/sell orders even out. That's still an average of .4% fees on 100M volume would be 400k sats in fees and that doesn't include the eventual win fee which will be up to 200k sats.
I know you are trying to generate interest and growth but I just don't see why anyone would take the risk of the YES side in any substantial amount. In order to win they are going to have to push the volume over 100M sats and likely spend all their winnings in fees. On top of that, predyx is still in beta, there is no market they have ever had that would come close to that volume if something goes wrong technically or if there is a hack the YES whale is risking a lot.
I don't think a whale is gonna lurk here. It will be all of us playing smart 🤓
Just buy low, sell high. The market doesn't necessarily need to hold a lot of BTC. Sats may come in and may go out any time.
Fo example - if I have bought 15k shares bought for 5k sats, and I sell them for 10k sats, I'll add up 15k in volume, and I don't have any sats there. I
I agree on it. Let's see how it turns out. I'll drop the bar in a new market to 0.1 BTC in a few days.
I'm also thinking of creating another market 'Any Predyx Market Hits 0.1 BTC Volume in 2026?' I'm a bit confused that this title isn't good.
Should be good? The NFL market is already seeing north of 0.05 BTC.
It's about user engagement, if Predyx grows this might be relevant. Otherwise we can just see a Notification.
I'm also going to create a bunch of other Predyx related markets including about it's X follower growth, haha.