INTRADE: Helping RP w/ Money and Publicity
If you are not familiar, INTRADE is a "Prediction Market" where people buy and sell contracts based on their view as to the outcome of an event, such as who will be the 2008 Republican Presidential Nominee.
It is essentially betting on the future/a guage of what people think wil occur in the future. Because this is a market where thousands of people put their money where their mouth is many important people also watch and comment on this market as an important indicator of what may occur in the future. This means that moves on INTRADE generate media attention. Because of this various POTUS campaigns/supporters BUY their candidate and/or SELL their candidates opponents to create a spin opportunity that their candidate is considered superior among the "smart money/inside knowledge" crowd.
How can this help RP with Money and Publicity?
PUBLICITY-If a large number of RP's supporters purchased a small number of contracts each we could significantly move this market in the direction that the "smart money" believes RP's odds of winning are improving by those with the inside track on how the primaries will ultimately play out-like how the "TRUE" campaign cash situation will be sinking more of the competition, for instance based on our greater knowledge of upcoming MONEY BOMBS, etc. A large contract price move in a short period of time gets a lot of attention-PUBLICITY- and it tends to influence non-partisan speculators to jump on the trend.
MONEY-If we can move the market up we can earn profits that we can then contribute to the RP campaign. The best part about this is the profits will be at the expense of supporters of the other candidates, i.e. we will be using their money to donate to RP, gotta love that. As mentioned above, big market move bring in money from non-partisan folks that are just on INTRADE to try and make a speculative profit, which will further move the RP contracts in the direction we want them to go-UP.
If people think this is a good idea/want to know more about how this can be implemented just ask here. I imagine there are others on the DP that are familiar w/ INTRADE that can assist with implementing this and if there is sufficient interest in such an effort. ALL can help spread the word. The key here is a lot of people investing 10-20 dollars.
IMPORTANT NOTE: For Non-US citizens that cannot contribute to RP's campaign-This is an excellent and easy way for you to assist in promoting RP/FREEDOM that is legal.
Sounds
like one big scam to separate you from your money. Now, what's a better investment, canvasing your precinct with slim jims and DVDs or giving some rope a dope your cash in the hopes that MAYBE this online poll (cause thats all it really is) will somehow propel Paul to the White House for you so you don't have to do the hard work.
Geez, why would you PAY to answer RP in a poll??? Seriously. You can do that for free all day long on other sites. And what effect has that had anyway? Has it translated to votes yet? HMMMMMM?????
Votes come from voters, not the media. Go talk to the VOTERS!!
(Incase you still don't get it - if this is the first time you've ever heard of "InTrade" what does that tell you about their ability to generate MSM coverage for RP????)
Bet 1$ AND make 100$
that is 100: 1 for Ron Paul to get the nomination.
those are not good odds.
Notice that the chart made new all time lows.
Would you bet on a horse that has 100 to 1 to win.
Gads, 20 to 1 is a long shot, this is FIVE times worse.
I expect it to go to 1 penny and make 100.00 after Tuesday.
That is a 99% drop on your 1 dollar investment.
RP Tiny Bit Higher Than Huck
Tonight, that is...who knows about tomorrow?
InTrade finally got my money (what a hassle!) and I have 200 contracts (less than $40.00).
I'd really like to see RP get some press from the websites that feature the InTrade graphs.
Having said that, I would like anyone reading this to be sure to read ALL
of gmason08's posts here about this, to be sure you know what you're doing.
Ron Paul Graphs measures it, too
Here is link for Ron Paul Graphs as they follow daily Intrade movement:
http://ronpaulgraphs.com/intrade_price_high_low.html
That
is a good motivator
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
If I had flown to Europe
And bet on Ron Paul to win a year ago, the odds would have been 100 or 120 to one, if I recall correctly. I'd have been able to fly back now and sell my bet back to them at a good profit BEFORE the election, if my guess is right, and the longer Paul lasted the better the bet would look to them for early buyback. :) Ah, woulda coulda shoulda....
JMR
let's at least get the bidding above Huckabee
Huck is over $3, but RP is only at $1.6. If e can at least get above Huck that would be good.
I may be a vegetarian, but I'll defend to the death my right to eat pork!
I may be a vegetarian, but I'll defend to the death my right to eat meat!
Keep in mind
all we are doing is showing our support for RP/demonstrating our belief based on ALL the best knowledge/info we have available that RP will ultimately win the nomination. Nothing more/nothing less. Understand.
The above being said, after observing this particular market for a while I think perhaps other campaign supporters may be trying to actually MANIPULATE that market. Can you believe that!!! The things those folks will do!!
BTW-And this takes some further explanation, but you can also demonstrate your belief that the other candidates will NOT WIN the nomination by SELLING their contracts. Again, SUPPLY/DEMAND-more Supply, less Demand-the price falls. VERY IMPORTANT-DO NOT CONSIDER THIS without further explanation.
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
This is a GREAT Idea!
I knew about Intrade, but I never though about us manipulating the market before!
Why not? All the CFR clowns manipulate the stock market, I think this is fair game.
As for getting your cc's to go through, it might be easier to do a transfer from your checking account (like when you open an online brokerage account). It will take at least a day to clear though.
This is a great way for foreigners to get involved, especially since they will only be expressing their true wishes.
I may be a vegetarian, but I'll defend to the death my right to eat pork!
I may be a vegetarian, but I'll defend to the death my right to eat meat!
How?
How do we donate the profits to the Paul campaign without being restricted by the $2300 donation limit? I feel like I am missing something?
The idea is
we are showing our support and confidence in RP by "BUYING" (going long) on RP contracts. If there are more "Buyers" than "Sellers" the price on RP contracts move up in price(supply/demand the more demand for something relative to the supply prices increase). Note: before I go further this is not absolutely guaranteed to make a profit, that is the reason to limit everyone to $10.00-20.00 max/what each person can afford to lose. The basic idea is that a LARGE number of RP supporters(very important) start BUYING RP contracts at around the same time(increased demand) moving the price up and keeping demand HIGH so that the price stays UP(at least for a while). When the price is reasonably higher than the price of your BUY then you can sell a few which will be at a profit to donate to RP. ****IF YOU ARE MAXED OUT/IF SOMEONE IS A NON-US CITIZEN YOU/THEY CAN HELP BY BUYING TO INCREASE THE RP CONTRACT PRICE WHICH WILL ALLOW NON_MAXED OUT/US CITIZENS TO MAKE A PROFIT TO DONATE TO THE CAMPAIGN. SINCE YOU/OTHERS ARE NOT DIRECTLY GIVING SOMEONE MONEY TO DONATE IT IS NOT AGAINST THE RULES. In other words if one persons actions by coincidence increased someone elses chances of making an INTRADE profit on RP contracts and that person just happened to use those profits to donate to RP it is not the same as a MAXED out person giving a non-maxed out person money specifically to donate to RP, that is not allowed. If a Non-US citizens INTRADE activity happens to indirectly help a US citizen make an INTRADE profit that they then donate to RP it is not the same as them directly sending money to a US citizen to Donate to RP which of course is not allowed. Understand.
BTW-ALL we are doing is showing our support in RP by being "BULLISH" on his prospects for winning the nomination. If doing so happens to both generate profits for RP supporters that increases their available funds and then they decide to use those funds to donate to RP those to separate events are not related. Also, showing support by purchasing RP contracts does tend to increase the price of RP contracts which gets attention/can very likely lead to positive media attention("RP INTRADE CONTRACT PRICE KEEPS GOING UP!!!!, MANY ARE BULLISH ON RP FOR GOP NOMINATION!!!-potential media headlines like that). Bottom line we believe in RP, we demonstrate our belief in RP by going by BUYING RP contracts on INTRADE because we think he will WIN!! If by chance a lot of RP supporters happen to show their confidence that RP will win, thus increasing the Price/earning profits and creating media attention that is merely due to our belief in RP not because that was our purpose---understand?
Also, if you have an account, do not BUY/SELL anything yet. There is a bit more to explain/it is important that others are also wanting to SUPPORT RP on INTRADE.
Do you have an account?
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
SO
So I should buy 2008.GOP.NOM.PAUL contracts?
Do You
have an account set up and funded?
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
Benefits
Please consider/comment on this proposal.
If you do not understand how this works-ASK.
The primary benefits of this are:
1. It is a means to force our opponents to DONATE to RP (against their will) that is the best part!
2. It allows a completely legal way for Non-US citizens to transfer money to US citizens who then contribute to RP.
3. It is quick and easy.
4. low cost-$10-$20 per person can easily generate $120-$240 in funds to donate in a few days. What is better 10,000 people donating $20 each=$200, 000 or 10,000 people donating $240 each=$2,400,000; hard choice!
5. Generates positive media attention, rapidly.
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
Uhhhhh
2. It allows a completely legal way for Non-US citizens to transfer money to US citizens who then contribute to RP.
Sounds like money laundering to me.
Credit Card and Wire Transfer
gmason08--I think it's a great idea, but I called my Credit Union and they say they haven't bumped any attempted charges to my Credit Card, so I tried again, and it was bumped by InTrade again. I called my CU again and asked them the charge to wire funds. $10 in the US and $35 outside the US. I believe this site is in Ireland. It's getting discouraging.
However, if it can be done, there is a Member to Member Transfer ability. I wonder how that would work to get more money to the campaign, if RP starts moving up and profits are made.
Sure wish it was easier to make this happen. I see InTrade projections on lots of blogs and websites as voting dates get closer.
Did You
tell your CC company to do a pre "Authorization" for a specific amount? The way it worked for me is they "authorized" a charge of $50.00 for a 24 hour period, I do not believe they even asked who the charge was to but like I said if so it is TS.com. After I got my CC company to do the pre "Authorization" I went back to INTRADE and repeated their CC deposit process and it went right through no problem. Hope this helps and let me know if this does/does not work for you. I do not recommend wire transfer because of the cost for this small of an amount.
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
Yes, I Did
I've called my CU three times this morning (Pacific Time). First time, no rejections--try InTrade again. Second time, no rejections. Third time, the lady called Visa itself and they said there have been no rejections. 'fraid I might spend the $35 and wire it. It should be done fairly soon (faster than snail mail anyway), and pump that up. As I think you mentioned, when it starts to move up, other trader-types will jump on because of moving-up market at a good price, and that will pump it up more.
I really, really like this idea for funds and for publicity, as it's on lots of websites.
***
*
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
eaglewings and EVERYONE ***IMPORTANT**
eaglewings said-"As I think you mentioned, when it starts to move up, other trader-types will jump on because of moving-up market at a good price, and that will pump it up more."
What you said is NOT guaranteed to occur. Keep in mind everyone DO NOT spend one penny you cannot afford to LOSE. That is why I recommend that it is many(MANY!!!) RP supporters that can afford to risk $10-20 take a shot if they can afford to do so BUT DO NOT RISK much.
Right now the price is very LOW but also the general perception is also LOW RE: RP's chances.
This is IMPORTANT: The price is around .02 which equals .20 per contract which means that $10.00 can purchase 50 contracts $20.00 can purchase 100 contracts. There are approximately 103,000 TOTAL contracts out. Again, there are approx. 103,000 contracts out. 3 people BUYING 100 contracts each will have little to NO effect. 300 people BUYING 100 contracts each will likely have an effect. THE point and key here is for MANY RP supporters to show their support by BUYING a small number of contracts. You will know it is likely to move the market UP when there are more people BUYING than Selling. The greater the difference between those who want to BUY and those who want to SELL the greater the price increase.
Any questions about this?
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
Thank You for Your Cautionary Words
I, personally, do understand that, but this is great to have on here for everyone. It IS important to know and keep in mind as things progress. :)
eaglewings
If you have an account you can buy a few RP contracts now 2-3 if you wish and to get used to how it works, right now you can BUY 2 contracts for about 32-40 cents total(thats right 32-40 cents NOT dollars) which is 16-20 cents per contract. But before you do that do you know how to BID on contracts(place a BUY order)?
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
**
**
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
RP Not Listed for Florida Race
Can a person get that started? I see he's not on the list for Florida, although he is for others.
I don't know about that
eaglewings. I imagine if enough people that have INTRADE accounts sent e-mail request for RP to be added they would do so.
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
Thanks again
Appreciate it.
My Credit Card Company Won't Approve the Transaction
InTrade's boilerplate blurb about it is to check with bank to see if they accept charges to TradeSports and others like it. Can't do that 'til tomorrow. Wiring is expensive, any other suggestions to do this quickly?
YES
Call your Credit Card company and tell them you want an authorization for the specific amount you want to deposit, example if you want to deposit $25.00 tell them you want to authorize a transaction for $25.00 (they may ask you for which company if so I believe it is TS.com). I had a similar problem but doing this made my account deposit go right through no problem. Good luck and if that does not work let me know and I will try to assist you further. If it does work for you please assist others because others will likely experience the same thing.
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
Thanks!
I'll do it, and, yes, I'll assist others. Great idea! I saw this first on Huffington Post during the last presidential election.
Bump
Bump