The mstr rug from @Polymarket interns (which is what it was, i guess) is actually very damaging for the plattform.
How can you know that markets will resolve to the correct outcome?? (spoiler: you dont)
How can people ever trust it again?
Are prediction markets even a valid product?
For trust to ever return they would need to truly change the resolution process. No one should be able to pull levers. I hope they fix it someday
(Not saying that other PMs are better btw)
This example just shows that you should never and I mean NEVER put all of your money into one bet.
There are always risks under the surface which you have and can not possibly have any idea of.
This goes for everything in life, not just prediciton markets.
Does this mean I will not put 80% of my money into bitcoin in the next few months ? No
But I have to be prepeard to lose everything. Even if I have no clue how it might happen.
Nothing is 100% save. Everything is risky to some degree.
"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."
So asuming something is save while there is always a risk will get you cooked.
Apart from this I am really disapointed by @Polymarket
The people behind this should go to jail
May has been my best month on @Polymarket so far for me
Started with 1k in december and managed to make about 600$ in half a year. Pretty solid if you ask me.
There certainly was some luck involved but its definitly possible to make money on prediction markets.
I will share some insights, tips and things i learnd in the future
Stay curious!
@FabianoSolana The website is pretty clean, thank you!
However the acuracy of information could be improved (fex. the OnRe USDC Vault on Loopscale has incentives, but it is not displayed correctly) and also filtering out high risk would be great.
Just some feedback, which might be helpful 🧡
It is likely imo that we see shallower bear markets and price making new ATHs sooner because its more stable. This makes ATH before halvings more likely.
But I dont see why the time intervals would change any time soon. They are the best way for me to predic the bottom anyways.
Some people are saying this cycle will be shorter and that ATH before the halving in 2024 already was a sign of that.
I think thats not the case. Because an ATH was possible in 2020 if it hadn't been for Covid and in 2024 we had ETFs etc.
And also just look at the chart:
Gona leave you guys with two charts.
I am just trying to stay on the left side of the curve. Already buying a little, but I think 40k is likely. This is were we bid bigtime
Gona leave you guys with two charts.
I am just trying to stay on the left side of the curve. Already buying a little, but I think 40k is likely. This is were we bid bigtime
Ignorance is weakness and it will f you up in many aspects of life.
Stay curious, think about stuff and buy some bitcoin.
The future will be bright for those who dare to imagine it 🧡
The number one reason why Bitcoin might fail imo is ignorance.
It feels like most people dont care/think about shit enough. They just dismiss btc as a ponzi without acctually trying to understand it/why it could be valueable.
This ignorance is also the reason why it is still
cheap today. Giving people who think about the monetary system and possible solutions a huge advantage.
Now you still have a choice between fiat and bitcoin. Someday the only option will be bitcoin and paper money will return to intrinsic value which is zero.
@kian_sasan@elonmusk@premium@uvd99 Its probably because the most powerful people benefit massively from the US-Dollar and they don't want change.
They can inflate the supply (which may flow in parts to them idk) and thereby steal from the world and use the dollar as a weapon.