Quote from: jumiapaul on June 09, 2019, 12:49:15 PM

Quote from: Mrcharles on June 09, 2019, 12:42:51 PM

Quote from: Kinkadeinspired on June 09, 2019, 08:33:48 AM

Quote from: Mrcharles on June 08, 2019, 02:05:07 PM

Quote from: AngelJoshua on June 08, 2019, 01:31:36 PM

Yes I think too that it's risky if most of the users will going to get a right bet on predictions instead of gaining from this event it will going to cause to them a great loss but let's see what will really going to be the outcome of this event.

I don't see BitMax loosing out of this product, this is because in the game of predictions there are always more loosers. This is evident in the sport betting which is prevalent in many countries. You find out that the business is booming for the creators and many companies are established daily to tap into the industry. This is solely because many persons don't predict right.

It can be likened to sport betting in a sense, but despite the huge amount of winning, are you aware that these sport betting sites also lose a huge amount of money on a daily basis? In the same way, there are traders who make huge sums of money daily by predicting the market movement. So, this is more like a 50/50 situation.

Every business opportunity comes with a 50/50 situation, there's no guarantee of excellence in a prospect that hasn't been effected. The volatility card is a new product and I guess its the first of its kind in the cryptocurrency space. I have a conviction that there's a higher chance of making more profits from the product than loosing.

Am in agreement with your opinion with regards to the higher chance of Bitmax making more profit from the product, I believe that this is only possible if there's more promotion carried out on the product, so many persons are asking questions without any response due to the fact that nobody has successfully purchased the card.

They don't have a higher chance, it is still a 50/50 situation until the product have been tested. Anyways, I have always applauded this development as it will promote a high rate of activity on the Bitmax exchange which is really something of an advantage to Bitmax.