Walbi has a new feature called Predictions. It lets you guess if a crypto price will go up or down quickly. You think against other users on Walbi. This article explains how it works and the risks.
How Predictions Work: You Guess, Others Guess Too
With Walbi Predictions, you try to guess if a crypto price will go higher or lower soon. Your guess is against another person's guess on Walbi.
1. How It Works:
When you make a prediction, you choose if you think the price will go up or down in the next short period, not the one that is happening right now. Other people do the same. If your guess is right, you win part of the money that the people who guessed wrong put in.
2. Small Platform Fee:
Walbi takes a small fee when your prediction is correct. If the price does not change, or if no one guessed the other way, you get your money back and there is no fee.
3. Short Periods:
You make predictions for short times, like 1 or 3 minutes. Each period starts and ends clearly. When one time period ends, the next one starts right away, based on the price at the end of the last one. This keeps it connected to what is happening now in the market. You can also open more than one prediction within the same period, which means you can make different guesses to manage your risk.
How Time Periods Start and End
To use Walbi Predictions, you need to know how the periods work:
1. When a Period Starts:
Each new time period starts at the price when the last time period ended. So, the price only starts moving after the new period begins. You can watch the price move and then guess if it will go up or down during this time.
2. When a Period Ends:
When the time is up, the period closes at the price at that moment. If this price is higher than when it started, the people who guessed "down" lose. The people who guessed "up" win their money. If the price is lower or stays the same, the opposite happens.
3. What If the Price Stays the Same?
If the price does not move during the period, no one wins or loses. Walbi does not take a fee, and everyone gets their money back because there was no correct guess.
How to Win
The result of your prediction is simple: it depends on how the price moves.
1. Example:
Imagine many people make predictions. Some guess the price will go up, and others guess it will go down for the next block. If the price ends higher than it started, all the people who guessed "down" lose their money. The people who guessed "up" win the money from all the losers, but Walbi takes a small fee from the total winnings. The winnings are then shared among all the winners based on how much each person put in. If you put in more money, you will win a bigger share of the total winnings.
2. The Risks:
The main risk is losing all the money you put on your prediction if you are wrong. Because the market can change very fast, you can always lose your money.
Important Things to Know About Walbi Predictions
Ready to test your market intuition? Walbi Predictions offers a new way to try and make money from crypto prices without buying the crypto itself. You're guessing which way the price will go for the next short time, against other users, and can even make multiple predictions in the same period to help manage your risk. Remember, it's important to know that you can lose all the money you use for a prediction if your guess is wrong, so be careful and make sure you understand how it works. Ready to predict the next move? Head over to the Walbi Predictions section and give it a try! When you win, the money you get is based on how much you and the other winners predicted correctly.
