billzh
@billzh
Do people use Polymarket to hedge? e.g. long Trump memecoins and bet on Trump to lose at the same time?
8 replies
15 recasts
111 reactions
keccers
@keccers.eth
I made a really terrible irl bet I was gonna hedge using Polymarket. Heh
2 replies
1 recast
66 reactions
Antidote
@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
0 reply
0 recast
1 reaction
Yao Chu
@yaochu
Yeah
0 reply
0 recast
0 reaction
Calina
@crayfish
Real that
0 reply
0 recast
0 reaction
Bitmart
@bitmartexchange
Trump always of course
0 reply
0 recast
0 reaction
Vanessa🌸
@dickens
Yeahh
0 reply
0 recast
0 reaction
Kertas
@kertas1
It's a great idea, besides you can also use other prediction market platforms as well
0 reply
0 recast
0 reaction
base.eth
@cozycliff
Yea probably that's smart
0 reply
0 recast
0 reaction
hdyyfyrk
@hdyyfyrk
People can use Polymarket for hedging, but memecoins like Trump-themed ones are more speculative than hedging tools.
0 reply
0 recast
1 reaction
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?
0 reply
0 recast
0 reaction
wuyong123
@wuyong123
ć»´ć»´
0 reply
0 recast
0 reaction
Igor Stadnyk
@igorstadnyk
The idea is to balance risks and potential profits. If Trump wins, memecoins are likely to increase in value, but the bet on his loss would fail. If Trump loses, the bet would pay off, potentially offsetting losses from falling memecoins.
0 reply
0 recast
0 reaction
