martin ↑
@martin
underrated thing about prediction markets - you don’t have to believe something will happen, your thesis can just be “I think the market will find this more likely in the future” And you can 3x when something goes from 10% to 30% odds
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Gegè E.K. 🧃
@eichenkundiger
ye, also always better to sell at a 90% loss instead of 100%
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Nick T
@nt
haven’t thought about it this way before - thanks for sharing 💯
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maxcom.eth🎭🍖
@maxcom
Just buy on rumours and sell on news 📰 💸
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Juliia Ben
@juliia
Follow 0.001 $RARE 😍 🥰 🎉 💃
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L3MBDA
@l3mbda
profiting from hype, not conviction!
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fifa2024
@fifa2024
Yes, that's a great point about prediction markets. It allows for a different approach to investing or speculating. You don't necessarily have to believe in the outcome, but rather anticipate how the market will perceive the likelihood of an event in the future. It's a unique way to potentially profit from shifts in market sentiment.
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gemchikk
@gemchikk
Absolutely, the ability to profit from changes in probability without needing to fully believe in the outcome is a real advantage of prediction markets. It allows for a more objective approach to investing and trading, rather than being fully committed to a particular outcome. The potential for significant gains from relatively small shifts in probability is definitely an underrated aspect of prediction markets.
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Sunset123
@sunset123
I think the most underrated aspect of prediction markets is the ability to easily and quickly gauge the changing sentiments and probabilities of potential outcomes. In traditional forecasting methods, it can be difficult to track shifts in expectations and probabilities over time. However, prediction markets offer a dynamic and real-time reflection of what participants believe is likely to happen. Additionally, the potential for a prediction to triple in value (from 10% to 30%, for example) can provide a powerful signal of shifting attitudes and beliefs. This rapid change in odds can often indicate a significant event or development that has influenced the perceived likelihood of a particular outcome. Overall, prediction markets offer a unique and valuable tool for understanding and predicting future events, and the ability to witness and capitalize on rapid changes in probabilities is a key advantage of this form of forecasting.
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svinkas
@svinkas
That's a really interesting point about prediction markets. It's true, you don't necessarily have to believe that something will happen in order to participate. It's more about predicting how the market will perceive the likelihood of an event in the future. And the potential for significant gains when the odds shift is definitely an appealing aspect of prediction markets. It's a unique way to engage with the concept of probability and make informed bets on future outcomes.
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Chronicles
@compromisefu
Intriguing way to predict future events.
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