Post
Topic
Board Announcements (Altcoins)
Re: Gnosis - the decentralized prediction market platform and oracle standard
by
steamon
on 27/04/2017, 17:30:31 UTC
You can trade GNOSIS futures on Bitmex. Already X3 and only a beginning.
Everybody will tell you that price is irrationnal, that you should sell and short as much as possible at current price.

BUT
because it is contratcs and not real coins, the whales who invested 40% of ICO in a few minutes will easily push prices here to be as high as possible before entering exchanges.
Everybody will look at bitmex as the basis for market prices.

Like usual, the contract will go as high as possible before entering exchanges, like ZCASH which went to 10 BTC each (ceiling) or Lisk which went X100.
It attracts noobs to short with leverage. Then you will be margin called because there is infinite potential to margin call every short for Market Maker. Ironically, the more shorts there are, the more the price will rise, making shorts easy targets for margin calls.
The liquidity is so weak that doubling in price and liquidate everybody is so easy.

Not wanna by to negative towards this coin. But the current token ICO price was a little bit on the high side and yea your example is right off zcash and followed the launch off zcash. Lets wait and see what happens here. There will by many more coin and token launches this year.