cryptof4ck

top 3% @Polymarket LP farmer & Sports Trader

Every new day is a new opportunity - success is inevitable

[cryptof4ck @cryptof4ck]

Beginner Mistakes That Are Bleeding Most New LP Farmers on Polymarket

LP rewards are gonna weigh heavy on the future distributions, but newcomers are torching their deposits left and right chasing them

here’s exactly what’s wrecking beginners:

1. Jumping into brand new markets

small competition and fat reward pool drop and they FOMO in immediately

reality: probabilities aren’t set yet, prices are full chaos, orders fill instantly and you eat the full mispricing

2. Farming esports markets without knowing the games

biggest rewards available, but highest risk

spreads get paper thin. One tiny momentum swing and your order fills 99% of the time right before it reverses on you

3. Chasing "easy" low-competition markets with huge spreads outside the reward zone

looks like chill farming with no competition

truth: a small group is running both sides. They pull out and you’re trapped. Can’t exit at breakeven because the real spread is brutal

What actually works:
> medium competition markets
> tight spreads all the way down
> low volatility

slower grind, but you don’t get randomly rekt - farm smart or don’t farm

what’s one LP mistake you’ve made or seen on Polymarket?

drop ur advice below

[cryptof4ck @cryptof4ck]

Why will liquidity rewards be a critical factor in $POLY distribution?

Liquidity providers are incredibly important to the project’s growth, and LP rewards reflect their actual contribution

Anyone can trade, but not everyone can act as a market maker and provide liquidity to the markets

Just compare the numbers:

> total number of traders - over 2.7m
> avg number of active addresses per month - 320k
> total number of users with LP Rewards - just 146k

If that still seems like a lot to you, only about 30k have earned more than $10

Polymarket is expanding every day, with the number of traders and markets growing rapidly, and it's the liquidity providers who are beginning to play a crucial role

Many people understand this, but they lose a lot of money trying to profit from providing liquidity

This process has become much more complicated than it was in the early days, and you can see that in my earnings chart

That’s why I don’t think this should be your main focus, but rather an extra source of earnings for your contribution and trading

Next time, I’ll tell you about the main mistakes I’ve encountered while farming LP Rewards

[cryptof4ck @cryptof4ck]

@KyleDeWriter I had a situation where I entered a trade with a probability of about 60c, then it dropped to 1–2c, and then shot back up to 100c

all of this happened in just a couple of hours

[cryptof4ck @cryptof4ck]

@0xd1namit you've come a long way

it's people like you who have built this community

[cryptof4ck @cryptof4ck]

@vadim_kesha1 @PolymarketCS2 @PolymarketSport rooting for B8

my prediction is 2-0

[cryptof4ck @cryptof4ck]

@klimonchain the rule worked perfectly here: never trade against the whales

I really hope Polymarket will resolve this issue and we won't see any more cases like this

[cryptof4ck @cryptof4ck]

This case will remain fresh in the minds of many Polymarket traders for a long time

first, I feel very sorry for this guy who was robbed

second, I completely agree with all the arguments he made in his post

the rules were clear and transparent, and Yes Holders were supposed to win 100 out of 100 times

I genuinely love this platform, and I’ve made about 1000 predictions so far which I consider a significant achievement, but cases like this are bound to be disappointing

Polymarket needs to change its resolution system, refine the rules to perfection, and enforce them strictly

otherwise, cases like this will keep happening

the problem is that Polymarket has become a platform not for everyone, but for whales who, in order to save their funds, completely flip the most obvious market outcome in their favor

afterward, all these whales come to the replies and start saying that yes, it’s unfair, how sorry they are, and all that sort of thing, even though just yesterday they were foaming at the mouth arguing that it was definitely NO, citing thin air

it makes you wonder which direction we’re heading in, and as a retail trader, I don’t really like it

[willo2 @willo2_Poly]

I was just scammed for $500K by Polymarket.

I am "willo2", the top holder of YES on "MicroStrategy sells Bitcoin by May 31st".

Here's what happened:

[cryptof4ck @cryptof4ck]

many whales argued that the market was supposed to be closed by June 1 and that information received on June 1 should not be taken into account

but in reality:

> the rules do not mention the announcement, only the fact of the sale
> the market was supposed to remain open until July 1, and there was a dispute (which, moreover, was justified)
> the information was confirmed by numerous authoritative sources
> an onchain transaction was even found, which serves as confirmation

[cryptof4ck @cryptof4ck]

@PolymarketMoney really?

but u said they didn't do that

[cryptof4ck @cryptof4ck]

@willo2_Poly i'm so sorry, man

the rules were completely transparent, and Y holders should have won this without any trouble, but the whales banded together again to protect their money

[cryptof4ck @cryptof4ck]

@EagleVisions sad, but true

[cryptof4ck @cryptof4ck]

There was absolutely no reason for this MicroStrategy market to close as a NO

but the whales protected their bags once again, while retail traders lost millions yet again

by the rules, YES should have won hands down, but apparently Polymarket has a different opinion

I'm disappointed

[cryptof4ck @cryptof4ck]

MicroStrategy sold 32 BTC at the end of May, but Polymarket still puts the probability of this event at 70%

the reports have already been published and the data is known

is this an easy 30% profit off other traders’ doubts, or a trap with a sensational headline?

let's figure this out

the market has already risen from 10% to 80% and dropped back to 70%

the largest NO holders continue to accumulate their positions:

> strike123 holds over $350k in NO shares with an open loss of $84k
> aenews2 is also continuing to buy NO shares from the dip

but the other 2 markets with later dates have already been resolved as 100%

this market will resolve to "Yes" if MicroStrategy sells any of its Bitcoin by 11:59 PM ET on the date specified in the title

the rules specifically refer to the actual sale by the specified date, not to announcements

theoretically, there is no reason to resolve this market as NO, but as long as UMA is managing the resolution, it is worth being extremely cautious

my choice is holding YES before the resolution

[cryptof4ck @cryptof4ck]

@Frosen just whales games

I love Polymarket, but things like this definitely don't do the platform any favors

[cryptof4ck @cryptof4ck]

@0xd1namit never play against Poly whales

even if the truth is so obvious that one can't even imagine the opposite

[cryptof4ck @cryptof4ck]

@KyleDeWriter come on, even the clarification itself sounds like a joke

I’ll never accept this outcome because it’s absurd.

market rules clearly governed it, but many whales started bonding this market, which led to all this incomprehensible nonsense

[cryptof4ck @cryptof4ck]

I call it thanks for playing

[cryptof4ck @cryptof4ck]

@SethiLiam I think I'll just stick to trading sports

cases like this make me lose faith in a platform that I love and have devoted so much to

[cryptof4ck @cryptof4ck]

to be honest, it sounds like a joke

but that’s the reality that ordinary traders apparently deserve

[cryptof4ck @cryptof4ck]

> all major media outlets have confirmed the sale during the specified period
> the data can be verified in the report
> there is no mention of the announcement in the market rules

are we building a prediction market for everyone, or just for whales?

[cryptof4ck @cryptof4ck]

@0xd1namit @Poly_Helper the biggest crime is coming

whales will once again defend their bags, even though the rules clearly state that there is only one correct outcome here - YES

[cryptof4ck @cryptof4ck]

@KyleDeWriter Polymarket is for everyone, not just the big players who can manipulate the market to their own advantage and line their own pockets

if the decision on this market is NO, I’m out