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RE: Cindicator review - A virtual trading and forecasting game with real crypto rewards

in #realityhubs6 years ago

Hello @karamyog.

Nice review of Cindicator.

The Dapp looks really promising and is certainly worth checking out, the idea is also really unique and innovative as I don't think I have heard of any identical idea of such application anywhere else.

You feel a question like the blockquouted one below does not make sense?

whether Facebook's testimony in front of Congress about Libra will impact price positively or negatively makes no sense

Well, in my opinion a question like that actually makes sense since we live in a world where government opinion shapes a lot of the public opinion, so Facebook's testimony to the congress will definitely have an impact on the price of Libra.

It is now left to the person predicting to decide if the effect will be negative or positive.

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Thank you!

The app is quite unique, there is one other app I know but that required one to buy their token and play.

I see your point about Facebook. However, imo, Facebook's key revenue is ads and libra doesn't exist yet. If libra doesn't launch, nothing significant changes about FB, to impact it's stock price. Moreover, a trump tweet could have a far greater impact on tech stock prices.

My point was with so many variables (trade war, economic indicators, central bank action, earnings season), all acting at once, how can one decide if price movement can be attributed to one variable.

Thanks a lot for commenting. With tribes I'm seeing more interaction on my content off late, which is great!

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