billzh
@billzh
Do people use Polymarket to hedge? e.g. long Trump memecoins and bet on Trump to lose at the same time?
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keccers
@keccers.eth
I made a really terrible irl bet I was gonna hedge using Polymarket. Heh
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Axel
@0xantidote.eth
not a bad idea considering the biden memecoins tanking after losing. Same thing probably would happen to Trump memecoins https://cointelegraph.com/news/biden-memecoins-tank-as-joe-bidens-drops-out-presidential-race
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hdyyfyrk
@hdyyfyrk
People can use Polymarket for hedging, but memecoins like Trump-themed ones are more speculative than hedging tools.
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Yao Chu
@yaochu
Yeah
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AR
@amir-
Anyone please explain what’s the point of “betting” if one hedges that? Doesn’t a “hedge” cancel out both gains and losses? Then don’t bet in the first place or just exit your bet. What am I missing?
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Cliff
@cozycliff
Yea probably that's smart
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Koaron
@koaron
Gm
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