Post
Topic
Board Economics
Re: Predictions Markets?
by
rickadone
on 17/07/2018, 17:14:21 UTC
Does anyone here use prediction markets?
Or have experience building one?
 
Augur has gone down hill, so I set one up myself:
NINJA
Link: https://ninja.org/



How did you manage to set one up for yourself, I don’t understand. Do you mean you now predict the price of bitcoin or what? 🤔 and by the way I don’t rely on these prediction markets,  they don’t work. The ones I have been seeing are not really accurate, though a really bit, but not fully accurate. Just take for example, they predicted that the price of BTC will go up in August to 15k, but that wasn’t what happened exactly… rather the price got to 9k.
No one should ever rely on a prediction market as they always end up false and those who ended up true just got lucky. This is not a market where you will be gambling positions the way you want as there is so much about trading a market and making investment decisions than playing prediction game like it is some dice or something. No one knows how far or how low a market will be going, but one thing for sure is that, it would never go up forever, neither will it go down forever and we only have trend to guide us.