/biz/ - Business & Finance

>>7149117
why aren't you guys listening?

>>6796741
>>6796863
this is what the dev said regarding comparison to trading:

It can be considered equivalent to Futures or even options to some extent, but completely decentralized.

With Ethorse, we are not running books. It's parimutuel, not fixed odds. No centralized party taking funds, identifying winner and paying out. All done by publicly available smart contracts. Thanks to Blockchain and Ethereum.

ok sure you're right i made 5-6x gains so what? would you buy eth at 5-6x price? or something like AGI or TELcoin, if you bought at 5-6x price you could atleast get a 2-3x still. why are u so stubborn?

>>6688201
Why isn't it good?

>>6687638
At the ICO Public sale 1 price they are selling HORSE for about $0.05 each. (1ETH=$1000 and 20,000 HORSE). As I calculated above 1ETH worth would net you $2920 per year per $1M of daily betting volume. So at $10M daily volume we are talking $29,200 per year. I would say that easily means 1 HORSE is worth 29200/20000 or $1.46. More realistically I think people seeing it as a predictable income would actually price it at multiples of that since at $1.46 price you're getting at 100% return after one year. People would KILL for such a guaranteed return elsewhere. In the crypto market people are more greedy and because there is risk expect higher returns but something between 2 to 5x that amount representing 20 to 50% annual return might be more realistic.

Even at $1M daily volume you're still talking a price of $0.146 or multiples thereof - so I reckon this ICO will quickly give a 10x to 100x return for early investors. At $100K daily volume that is $0.0146 earnings per HORSE per year or 29% of the initial price.

I wonder if the creators have ever wondered about using Ethorse to bet on the price of HORSE itself? That is pretty meta but I guess might have a destabilizing effect on HORSE pricing. Only time will tell I guess.

As ever, only invest as much as you can afford to lose! Aside from that... may the best horse win!

It's supposed to be 25k instead of 20k but I'm too lazy to change it right now. They changed the ico price to match the ETH price increase

>>6656689
hahaha I'd be happy if I was being paid for this shit. I'm only getting paid with ethorse getting appreciated.

>>6656651
Yup works like that but your calculation is off, 1% of 125mil is 1.25mil nice math bruv. You'll get a stake of the house payout (which is 5%) based on how many of the total tokens you own. Check their whitepaper it's explained well there. I'll give you an example in a bit. I'm back in about 20 min

>>6650690
fuck the neighsayers this shit is gonna mm-m-oooon

>>6643501
How do I convince you numbnuts that the next moon is right in your face. Did you listen to the BNTY, TAU or PRL threads? No? Well this is your next chance.. Take it or stay a wagecuck

>>6606625
This is a coin like BNTY or Lamden, you make huge gains if you're early. Too bad you guys never listen though

>>6534694
Betting platform based on parimutuel betting (think horse races). You bet on a crypto and based on how it goes you'll get paid. With the Horse tokens you get a part of the payout but if this project gets big (and it will) you profit a lot of it if you hold HORSE. check their site if youre interested