I want to discuss the $BTC yearly predictions made by various magazines and sources. This chart from Coin-Glass was featured in several articles, including Bitcoin Magazine.

First, let me clarify—it's perfectly fine to develop your own trading strategy.
** However, don't fall into the trap of expecting the same predictions to play out during the same months each year. The market doesn't follow fixed rules like that.

One simple rule:
History only repeats itself when the same fundamentals are in play, and that's it.
Always Aim for the fundamentals :)

Feel free to add your thoughts btw. :)
#BTC☀ #HistoricGains #predictons #fundamentaltrading

Prediction markets are not a new concept; they have existed in various fields for decades. Traditional prediction markets usually operate through centralized betting or financial platforms, where participants can speculate on the outcomes of future events such as sporting events, political elections, or economic trends.
With the advent of blockchain technology, prediction markets have entered a new stage of development. The decentralization, transparency, and immutability of blockchain have made these markets more fair and trustworthy. Such platforms allow global users to predict future events without relying on a trusted intermediary, increasing the fairness and inclusivity of the market. Among the many crypto prediction platforms, Polymarket has stood out due to its unique operating mechanism and its ability to capitalize on trending political events, becoming a leader in the field.
According to data, Polymarket currently dominates almost the entire crypto prediction market share.

Polymarket is a prime example of a blockchain prediction market, garnering significant attention and participation during the U.S. presidential election. During this period, the platform saw a surge in users and transaction volumes. As of now, over 166,000 users have participated in betting on the platform, with a total transaction volume exceeding $2.96 billion. Moreover, these figures are still on an upward trend.

Polymarket’s Growth Tied to the U.S. Election
A search through Google and Polymarket’s market data shows that Polymarket’s rapid development is highly correlated with the U.S. elections. Multiple bets are placed around election-related topics.

The rapid development of prediction platforms this year can also be attributed to external factors such as the increasing adoption of blockchain technology and improvements in infrastructure.

More Than Just a Betting Platform—Also a Sentiment Indicator
Polymarket’s success is not only due to providing a platform for predicting events but also because it has gradually become a barometer for market sentiment. Polymarket’s theoretical foundation comes from Friedrich Hayek’s famous paper, The Use of Knowledge in Society. Hayek argued that economic incentives are the key to driving people to better understand uncertainty. When economic incentives come into play, people are inclined to seek out more accurate and better information sources, think more deeply, and attempt to place their money on outcomes that are more likely to happen.

Compared to traditional primary and secondary markets, prediction markets create a unique “trading structure” where users are both predictors and investors, able to earn financial benefits by participating in event predictions. The potential for airdrops is also a reason why users participate.

Prediction Markets Gain Attention
According to a report by The Information, insiders revealed that the prediction market Polymarket is seeking to raise $50 million in funding. Polymarket is also considering issuing its own token, though The Information did not provide further details.
Although Polymarket currently holds a dominant market share in the crypto prediction market, it still has significant room for growth compared to traditional prediction markets. Several institutions have expressed optimism about this sector or have started building their own prediction markets.
Cryptocurrency investment firm 1confirmation mentioned in a letter to LPs that the scale of prediction markets could grow 100-fold in the next few years. DWF Labs stated that it is seeking to support projects related to prediction markets and encouraged relevant teams to contact them via their website. According to a report by The Block, Wintermute is launching a prediction market called OutcomeMarket.

#Polymarket #Debate2024 #predictons #DWFLabs #Wintermute

Picture a scenerio where $ETH | $BTC | $POL |#BTCReboundsAfterFOMC in which your ability to cast your vote is secure, open, and decentralized. We are in the world of @Polymarket | @Polygon , an amazing hub integrating #BinanceLaunchpoolHMSTR | #polygon #blockchain technology with #predictons The mind boggling question that is begging for an answer is -can it restructure the way we vote in the nearest future?
In a similar fashion , I will like to touch upon how it functions and works.Polymarket operates on the #Ethereum blockchain, depolying #Polygon for scalability. Users will have to create an account, make a deposit $USDC (stablecoin), peruse events which could be politics, sports or finance, buy shares (yes/no outcomes), and wait for resolution. Another amazing attributes of the polygon market is the ability of its share prices which shows uncertainty of (0.01-1.00).if the prediction is accurate enough , users earn earn $1/share; whereas incorrect prediction is without value.
Users of polymarket have numerous advantage accused to them. This could range from decentralized decision-making, transparent market dynamics, and potential earnings which could be due to thie accurate forecast or guess work. However, there are regulatory obstacles, scalability shortcomings, and broad acceptance difficulties remain unchanged.
I must emphsize the underlying factor behind the polymarket platform. This is majorly a betting hub, Polymarket's decentralized attributes makes it amazing for voting procedures. As I opined earlier , the policy driven challenges, majorly in the United State, is still a force to content with. As technology moves over to its higher level , will Polymarket reform the promising future of voting in the globe?