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NotSoErudite

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This stock is broken.

bought Ṁ35 of BUY

She moved from Canada to Miami. Shes fully invested in making it work lol

@Pickle I am new here. How does this "stock" thing works?

predicts BUY

@bfdc the stocks work the same as YES/NO markets but instead of displaying a percentage it shows a Ṁ amount. That amount is just the percentage obscured behind some math. It was changed to make it appear more like an actual stock.

IMO it was not a good change and basically ruined the orbiter stocks by making it more confusing to bet on them. The number of 'shares' you have do not directly correlate to the value they hold so it's annoying to deal with. As an example I hold Ṁ150 of Erudite Stock, which is officially .0456 shares. However at the current price (Ṁ1043) my .0456 shares should be valued at Ṁ48.

Also the value is still capped at a certain point as opposed to being able to grow infinitely since the underlying math is still based on a percentage from 0-100%. So if you see a stock valued at Ṁ1300 you might be tempted to buy 'BUY' shares because it's obviously a popular stock so you would expect the value to grow further over time but there is very little room for it to grow at that point. The only way to make a real profit on high value stocks is to bet on that stock's value dropping at some point and shorting it.

Here are a couple of other discussions you can read through from when the changes were initially made that explain most of it in more detail.

https://manifold.markets/memestiny/aba-stock-permanent#XRwYgXziQAcMRIw9tm0D

https://manifold.markets/memestiny/dan-stock-permanent#ULrcqKUd6a3ssOP6F9aL

@OrbiterVoltron wow, thank you very much for your comprehensive explanation!

So, basically the stock price represents expectations of the market on whether the stock will further grow? And the stock itself is not tied to any value? In such a case it is always better to bet "No"

bought Ṁ100 of BUY

I like Erudite. I could be wrong but I have hopes for the podcast. One of the few orbiters I actually follow outside of Destinys community.

predicts BUY

I think the erudite-destiny podcast is gonna be a hit

predicts BUY

@ULTy until Destiny messes it up. probably sleeps with someone he shouldn't then it crashes... wait, nah that will be a hit. lol

bought Ṁ100 of BUY

@JosephMartinjr3rdcoyote that's the sell time lmao

predicts SHORT
bought Ṁ100 of SHORT

she's just so fucking boring

bought Ṁ100 of SHORT

How

bought Ṁ50 of BUY

ALL NO HOLDERS HATE THE TRUTH

predicts SHORT

@Kastrand its about the mana, she in theory will never go higher than this, only place to go is down, may not be any time soon but ill be ready to sell the moment it does lol

bought Ṁ100 of SHORT

Profits are to be made!

bought Ṁ100 of SHORT

I say, old boys, she's onto us.

I want my money so manipulate the market

SHORT IT PLEASE. KILL MY PORTFOLIO. THEY HATED ME BECAUSE I TOLD THE TRUTH

predicts BUY

Nick needs his STOCK...

predicts BUY

I don't care if Nick is causing drama.... I will always vote Yes for NSE

bought Ṁ4,000 of SHORT

fuck off im trying to watch xqc losers

sold Ṁ55 of SHORT

@Pherret holy based

bought Ṁ50 of BUY

@Pherret PRIME HATER. AS A LOYAL EMMISARY OF THE NOTSOERUDITE INSURGENCY I AM BOUND BY LAW TO DESPISE YOU, BUT I RESPECT YOUR TENACITY NONETHELESS. MAY YOU HAVE MANY HONORS ON THE BATTLEFIELD, BROTHER