Augur is a platform that when registering you give an initial amount of (ethereum) so you can participate without the need to invest of your own money, however the amount is somewhat low so if you understand how the platform works and you are skilled at Probably investing predictions is no problem for you.
The platform generates revenue according to the predictions, you must choose one of the open markets on a specific topic for example
Then you buy the shares of the fact that you think is going to happen and if you hit on your prediction then they will give you a percentage of the money you invested in buying those shares, usually someone opens a market asking about a possible fact and you can buy the shares about the possible answers.
You can also open your own market predictions and give the options that people think they are going to happen, the percentage of money you earn will be paid in proportion to the bets made and the money you invest
The platform does not yet have many users so there is not always a lot of market to bet, however augur has an excellent projection and a good capitalization in the market for cryptocoins.
The increases in the price of bitcoin have driven almost all the cryptocurrency reason why perhaps investing in platforms of this type is a great risk since if the price of bitcoin surely lowers the capitalization in the merchant of criptocurrency as much of augur as of any Platform of this type also come down, but every time the bitcoin is more popular and its price has increased a lot in recent weeks.
I belive we call this BETTING... I wonder why you refused to used the actual word...
What the heck! Don't answer yet... Let's predict...
0.05 Eth it's a law thing
1 Eth. My mama told me not to waste my money on woman or bets.
2 Eth it does says in the white paper betting is bad for you.
Any bets???? ;-)
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It is true to some degree, but it is in fact something slightly different - This is a prediction market, it is a very accurate way to poll current available knowledge on a topic. For this reason, economists LOVE to use data from prediction markets because they are usually significantly more accurate than the opinions of experts. Why? because people are not just mouthing off biased opinions, they are putting their money where their mouth is. For instance, Is US going to war with North Korea next year? it feels good to say "yes! Trumps an arse...", but put some money down and people tend become a little more realistic (my money is on "no, its in neither of their best interests")
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Now I understand augur..!
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Did not know about this, will try it since I hold augur... Here's an analysis on the coin:
https://steemit.com/bitcoin/@benkalashnikov/ardor-rep-analysis-update-70-potential-profit
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It's betting, just like the stock market.
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