Damn they really made gambling that perfectly aligns with my interests of history and politics. (Im either going to be rich or in debt by the end of the year)
@@fynix. mainly debt with a few long term bets that it’s looking like I’ll make some profit on. I had some personal financial problems related to personal emergencies so I didn’t get it invest much into it
Actually to just secure an LP position without the shares posing a risk, one can simply add liquidity and immediately sell off your shares (if any). Only downside is the txn fee when selling off the shares but this can be curbed by buying the same number of shares as the existing position and then merge (which has no fees).
This should be called: "How to lose money providing liquidity". It is impossible to hedge a liquidity position for an AMM, and it can quickly go to zero. Your liquidity will be worth ZERO when the price goes to 1 or 0. Fortunately for viewers, Polymarket got rid of AMM and now only has the order book. I think the video completely misses this risk (I skimmed it and it seemed focused on other things) which probably means at some point the author lost a lot of money and didn't update the video. Either that or you didn't do liquidity providing. There were very few stable markets where you could do liquidity providing and make a good return with losing 100% of your funds.
You mentioned a few times that one can do arbitrage using Polymarket but you didn't really share on how to do the arbitrage. Can you please make another video on how to do it?
Thank you so much for this amazing video! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
What about hedging your liquidity position with an equal amount of shares of the opposite bet? For example, if you have 100 shares of "yes" and you pay .96, couldn't you buy 100 shares of "no" for 0.04 and effectively hedge your liquidity position?
You cannot hedge a liquidity position (the number of yes/no shares will change and when the price goes to 1/0 you will be left with worthless shares that are impossible to hedge). The only way to hedge a liquidity position would be to dynamically trade and hedge it after each price movement. And someone could drive the price to 1 or 0 before you get the chance to hedge.
BTC for $75K by end of this year& Control of The Currency is already Decentralised And now the China disruption would simply Decentralise the Mining for the better
From what I can see Bennett is using this channel to both educate AND document interesting things and information he finds in the crypto industry, so if LRA works for you that's great keep it at it, but for others LRA may not be as profitable/useful so they may instead benefit from other cool stuff that Bennett covers, he's not solely an LRA guru, plus he has a whole course dedicated solely to LRA so I think that's something you might instead prefer. But I personally enjoy the fact that he covers a lot of things IN ADDITION to trading strategies, imo it widens your horizons on potential ways to profit in the crypto world other than from trading
@@malthus101 Could you consider that insights into novel opportunities within Crypto can be of value, even if you don't intend to utilise them yourself? Is it waste of time knowing a thing, even if the 'thing' can be communicated this succinctly? As far as 'understanding one day' goes, I missed many opportunities not heeding the words of a wise friend: "Pride is your worst enemy in the tropics'. I didn't know what tf he meant. Turns out it goes hand in hand with the kind of 'No true Scotsman' fallacy you committed just there, chief. I study trading like a sumfabitch every day. But there's a shitpile of quick bucks I wouldn't stoop for in my past, that ended up in the pockets of others. Then one day, I understood.
Damn they really made gambling that perfectly aligns with my interests of history and politics. (Im either going to be rich or in debt by the end of the year)
haha bet
update?
@@fynix. mainly debt with a few long term bets that it’s looking like I’ll make some profit on. I had some personal financial problems related to personal emergencies so I didn’t get it invest much into it
update?
im up 600 usd
Actually to just secure an LP position without the shares posing a risk, one can simply add liquidity and immediately sell off your shares (if any). Only downside is the txn fee when selling off the shares but this can be curbed by buying the same number of shares as the existing position and then merge (which has no fees).
You cannot secure a LP position.
Great video bro. I’m still with you
This should be called: "How to lose money providing liquidity". It is impossible to hedge a liquidity position for an AMM, and it can quickly go to zero. Your liquidity will be worth ZERO when the price goes to 1 or 0. Fortunately for viewers, Polymarket got rid of AMM and now only has the order book.
I think the video completely misses this risk (I skimmed it and it seemed focused on other things) which probably means at some point the author lost a lot of money and didn't update the video. Either that or you didn't do liquidity providing. There were very few stable markets where you could do liquidity providing and make a good return with losing 100% of your funds.
That was a rough explanation of LP on polymarket, but I do appreciate the effort.
You mentioned a few times that one can do arbitrage using Polymarket but you didn't really share on how to do the arbitrage. Can you please make another video on how to do it?
What's the risk adding liquidity in a market that's at 50% yes, 50% no?
Thank you so much for this amazing video! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
So providing liquidity on a bet thats close to 50/50 is pretty safe then?
That 1 dislike is retail trader
The trick at the end....I don't understand how you profit? You put in 10 dollars, and it says you can expect 10 dollars.....net zero gain.
A way to exit a postion if desired, with less cost.
What about hedging your liquidity position with an equal amount of shares of the opposite bet? For example, if you have 100 shares of "yes" and you pay .96, couldn't you buy 100 shares of "no" for 0.04 and effectively hedge your liquidity position?
Yes, but they have 2% commission
You cannot hedge a liquidity position (the number of yes/no shares will change and when the price goes to 1/0 you will be left with worthless shares that are impossible to hedge). The only way to hedge a liquidity position would be to dynamically trade and hedge it after each price movement. And someone could drive the price to 1 or 0 before you get the chance to hedge.
great video
Little tricky, gives me an idea lol
How can you use this in the us?
hey there, is polymarket "safe" i wanna bet 2% of my portfolio but a bit scared about leaving money on any platform to be honest. Thanks guys
Can I enter in the last minute
Anyone can tell me if it's safe to invest in this Lumi coin?
the same question
anyone has their telegram link?
BTC for $75K by end of this year& Control
of The Currency is already Decentralised And now the China disruption would simply
Decentralise the Mining for the better
Thanks for watching!😊 Don't forget to hit the subscribe button! WhatsApp me for more info with this digits...
Which cryptocurrency is a sleeper and will rise in price in 2022?
Thanks for watching!😊 Don't forget to hit the subscribe button! WhatsApp me for more info with this digits...
Polymarket closes on Jan 24, 2022
ok
any chance to see your trading statement or live trading not on demo ???
I love and appreciate your comment, kindly ^subscribe^for more information and guidelines" On latest news on crypto currencies
DM right away
👇👇👇👇
W
H
A
T
S
A
P
P
+120
8435
7580
Nice video! How can I earn on arbitrage on this platform?
I love and appreciate your comment, kindly ^subscribe^for more information and guidelines"on latest news on crypto currencies
DM right away
👇👇👇👇
W
H
A
T
S
A
P
P
+120
8435
7580
Yesss legal gambling...
This seems like a colossal waste of time; I thought LRA was the be-all, end-all of trading? So why waste time on this shit if that's true?
@Fao Chi I didn't make it to the end on this one
@@malthus101 That's entirely your loss. There's a million different ways to make money in the crypto market. Find what works best for you. Or don't.
@Fao Chi it's just a waste of time. I'm a real trader. Not a degenerate gambler looking for a quick buck here and there.... You'll understand one day.
From what I can see Bennett is using this channel to both educate AND document interesting things and information he finds in the crypto industry, so if LRA works for you that's great keep it at it, but for others LRA may not be as profitable/useful so they may instead benefit from other cool stuff that Bennett covers, he's not solely an LRA guru, plus he has a whole course dedicated solely to LRA so I think that's something you might instead prefer. But I personally enjoy the fact that he covers a lot of things IN ADDITION to trading strategies, imo it widens your horizons on potential ways to profit in the crypto world other than from trading
@@malthus101 Could you consider that insights into novel opportunities within Crypto can be of value, even if you don't intend to utilise them yourself? Is it waste of time knowing a thing, even if the 'thing' can be communicated this succinctly?
As far as 'understanding one day' goes, I missed many opportunities not heeding the words of a wise friend: "Pride is your worst enemy in the tropics'. I didn't know what tf he meant. Turns out it goes hand in hand with the kind of 'No true Scotsman' fallacy you committed just there, chief.
I study trading like a sumfabitch every day. But there's a shitpile of quick bucks I wouldn't stoop for in my past, that ended up in the pockets of others. Then one day, I understood.