I remember some years ago there were many sites to play binary options at.
These days I'm not seeing any major one being advertised. Maybe they were not so profitable for the house? Too predictable? Who knows.
Many sites that run with FIAT money still seem to support binary options though.
I tried to search to see if there's any ads here in bitcointalk to find a site I can trust but was unable to find any. So did crypto binary options just disappear? I sure hope not. If you know any reputable sites that offer binary options gambling please let me know.
https://rollbit.com/tradeYou could really be able to put up bets which way crypto prices would go on which it isnt really just that limited to Bitcoin alone but tons of coins that you could choose upon.
The thing i dont like with binary options is that you cant really be able to apply any technical analysis through it on which it would really be that based up with pure prediction
and guess right away but well it isnt considering to be put up on a gambling site if it wasnt been that risky. lol
My attention was brought to this thread today and I must say that the first time I viewed it, it wasn't what I took seriously despite looking for the Binary option platform that would be trustworthy just like the OP. I even created a thread about this more than a year ago with no satisfactory answer from anyone then. I bet this Rollbit binary option is new if at all is like the traditional way of paying it. I guess I will try it starting next week. But the way I saw the platform, it might still not be what I want. I guess I will know upon registration.
And @alani123, were you able to achieve your Binary option desire with Rollbit?
I played with BC.fun (BC.game) last year and they have a decent binary option game but only have BTC/USDT and ETH/USDT. If I am not mistaken they also have futures aside from the binary option game. I haven't played in their web for a while so I think you should just check it out, there's been a problem before in their site and took it down for a while I hope it won't happen again. I am curious is there a strategy in binary option, can you use a technical analysis in that game?
About a year is long enough for many things to have changed, and for them to stick with BTC/USDT and ETH/USDT is even better for their customers because the customers will be more focused on limited assets than too many of them. This affects traders' psychology, and since it's betting in relation to the market, gamblers should imbibe it as well. But really, I don't also know why trusted companies are avoiding the binary option, I have seen enough of them stopping the offering. It might be that players earn more than them which is not good for their business. Enough traditional brokers offering it later stopped years back, and even betting sites in my country too.
As for your question, the Binary option is a betting arrangement that makes you bet in the right direction at the right duration. For this, you can mainly use the technical analysis for it to be better accurate. You may also use news calendar trading if you are a seasoned trader, and of course, your right analysis and instinct should tell you the right duration to choose. Just don't guess it like many do.