Betting feature at exchange | Bitcointalksearch.org

pandukelana2712

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Quote from: joshy23 on August 21, 2019, 02:25:08 AM

They will obviously attract people to use the gambling feature of their exchange in order to add more profits aside from the fees that they keep collecting from each traders who uses the service w while in the other side promoting the gambling function will allow them to be more profitable as gambler will always be a gambler. People's emotions have a very high influence with their movements.

As far I know, they added the feature because of their community request.
Maybe some of their users are gamblers. If the users using another gambling website, tx fee will eat their money, or about minimal withdrawal will make other issues also.

joshy23

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Quote from: Questat on August 20, 2019, 03:32:11 AM

Quote from: GreatArkansas on August 19, 2019, 06:34:44 PM

If the purpose of adding gambling feature on an exchange is just for fun, .

They put a gambling site for one purpose, which is to be profitable.
Although they will say that, "hey, play for fun because this is for fun", that doesn't mean they mean it because at the end of the day, they still make money since they always have the advantage, in short, they are adding that feature to maximize their income.

They will obviously attract people to use the gambling feature of their exchange in order to add more profits aside from the fees that they keep collecting from each traders who uses the service w while in the other side promoting the gambling function will allow them to be more profitable as gambler will always be a gambler. People's emotions have a very high influence with their movements.

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Quote from: Britney Spears Foundtion on August 20, 2019, 09:22:49 PM

Why go to an exchange to gamble when there are many awesome alternatives out there. Especially when you can throw down a little bit of crypto and test your luck at some sweet online blackjack exclusive at http://blackjack.fun/ , players are treated awesome here.

I think that is because people want to spend their free time trading to play gambling. And if in the exchange have the gambling table, then the traders can try to playing gambling without having to visit the gambling website. That will depend on themselves because they will know what they want and if they think that playing gambling inside the exchanges is good, then they could still do that. But it is better if we can divide our time to trade and gamble, so we don't lose our focus to do both trading and gambling.

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Quote from: pandukelana2712 on August 16, 2019, 11:48:16 AM

Maybe its not the first topic, but I can't find a topic regarding this issue.

Guys, what you think about betting feature at the exchange?
As far as I know, exchangers are a place for traders, not gamblers.

Today I got an official email from TOPBTC about that feature.

Quote from: https://topbtc.com/home/art/index/id/564.html

TopBTC has been widely released after the launch of the beta version of HashBet online games

Interestingly, TOPBTC users can enter the feature without register.

So, will this feature make new visitors/users increase? Or it will make trader annoying?

TOPBTC is not the only first exchange that is going to implement that, Yobit already has it for years, I remember playing dice game while waiting for my buy/sell order to complete, they have added this so you will not get out of the site and they want to attract gamblers/investors on their platform and I'm sure this also what TOPBTC wants to reach.

dunfida

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Quote from: michellee on August 20, 2019, 09:01:18 PM

Quote from: mirakal on August 20, 2019, 07:50:24 AM

Quote from: michellee on August 20, 2019, 04:42:00 AM

Quote from: Questat on August 20, 2019, 03:32:11 AM

Quote from: GreatArkansas on August 19, 2019, 06:34:44 PM

If the purpose of adding gambling feature on an exchange is just for fun, .

They put a gambling site for one purpose, which is to be profitable.
Although they will say that, "hey, play for fun because this is for fun", that doesn't mean they mean it because at the end of the day, they still make money since they always have the advantage, in short, they are adding that feature to maximize their income.

Yes, the exchange can get double profit from people who stay on their website. First is from the fee of the trade. And the second is from the gambling that has been used by the people. They will collect a huge amount from both, but maybe the income from gambling will bigger than the fee of the trade. Once people are trying to gamble, they will spend more coins to get the win but the reality, people, are difficult to win. The winning will be at the exchange, and people will only lose in the gambling table.

Exchange will still get most of its profit from their trading platform as that is their main business, their gambling features will not be popular as a real gambler would choose to play in a gambling platform only as it's more reliable and offers variety of games.

I don't see any exchange yet that offers sports betting, poker, and other type of interesting games.

In the future, I think there will be an exchange which offers sports betting, poker and another type of gambling games on their website so gamblers can play gambling while they traded. Although that will not be good for traders, people will attract to the games, and they will spend some coins while wait for the market moves. But we should understand that trading and gambling cannot be united because we need to stay focus to analyze the coin while gambling is for fun only.

Possible but would be hard.There are lots of famous sportsbetting site or crypto gambling sites.If its being started to be integrated into exchangers then users will be divided yet we cant deny that there are lots of traders and if an exchange do offer such feature then it would lessen up visitors on older sites but if i were to choose its still totally different when you play to a sole gambling platform.

Britney Spears Foundtion

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Why go to an exchange to gamble when there are many awesome alternatives out there. Especially when you can throw down a little bit of crypto and test your luck at some sweet online blackjack exclusive at http://blackjack.fun/ , players are treated awesome here.

michellee

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Quote from: mirakal on August 20, 2019, 07:50:24 AM

Quote from: michellee on August 20, 2019, 04:42:00 AM

Quote from: Questat on August 20, 2019, 03:32:11 AM

Quote from: GreatArkansas on August 19, 2019, 06:34:44 PM

If the purpose of adding gambling feature on an exchange is just for fun, .

They put a gambling site for one purpose, which is to be profitable.
Although they will say that, "hey, play for fun because this is for fun", that doesn't mean they mean it because at the end of the day, they still make money since they always have the advantage, in short, they are adding that feature to maximize their income.

Yes, the exchange can get double profit from people who stay on their website. First is from the fee of the trade. And the second is from the gambling that has been used by the people. They will collect a huge amount from both, but maybe the income from gambling will bigger than the fee of the trade. Once people are trying to gamble, they will spend more coins to get the win but the reality, people, are difficult to win. The winning will be at the exchange, and people will only lose in the gambling table.

Exchange will still get most of its profit from their trading platform as that is their main business, their gambling features will not be popular as a real gambler would choose to play in a gambling platform only as it's more reliable and offers variety of games.

I don't see any exchange yet that offers sports betting, poker, and other type of interesting games.

In the future, I think there will be an exchange which offers sports betting, poker and another type of gambling games on their website so gamblers can play gambling while they traded. Although that will not be good for traders, people will attract to the games, and they will spend some coins while wait for the market moves. But we should understand that trading and gambling cannot be united because we need to stay focus to analyze the coin while gambling is for fun only.

carter34

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Quote from: pandukelana2712 on August 16, 2019, 11:48:16 AM

So, will this feature make new visitors/users increase? Or it will make trader annoying?

If the exchange add gambling features to their website and the interface is also colourful, good and attractive to visitors, it of course generate more traders because you can be trading and gamble at same time.

mitchr4

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Quote from: mirakal on August 20, 2019, 07:50:24 AM

Exchange will still get most of its profit from their trading platform as that is their main business, their gambling features will not be popular as a real gambler would choose to play in a gambling platform only as it's more reliable and offers variety of games.

I don't see any exchange yet that offers sports betting, poker, and other type of interesting games.

Same here, I don't know yet if there are other gambling games offered on the exchange. But I have tried dice games on Yobit and I don't see that the game is still available as now they don't provide gambling features there.

mirakal

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Quote from: michellee on August 20, 2019, 04:42:00 AM

Quote from: Questat on August 20, 2019, 03:32:11 AM

Quote from: GreatArkansas on August 19, 2019, 06:34:44 PM

If the purpose of adding gambling feature on an exchange is just for fun, .

They put a gambling site for one purpose, which is to be profitable.
Although they will say that, "hey, play for fun because this is for fun", that doesn't mean they mean it because at the end of the day, they still make money since they always have the advantage, in short, they are adding that feature to maximize their income.

Yes, the exchange can get double profit from people who stay on their website. First is from the fee of the trade. And the second is from the gambling that has been used by the people. They will collect a huge amount from both, but maybe the income from gambling will bigger than the fee of the trade. Once people are trying to gamble, they will spend more coins to get the win but the reality, people, are difficult to win. The winning will be at the exchange, and people will only lose in the gambling table.

Exchange will still get most of its profit from their trading platform as that is their main business, their gambling features will not be popular as a real gambler would choose to play in a gambling platform only as it's more reliable and offers variety of games.

I don't see any exchange yet that offers sports betting, poker, and other type of interesting games.

michellee

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Quote from: Questat on August 20, 2019, 03:32:11 AM

Quote from: GreatArkansas on August 19, 2019, 06:34:44 PM

If the purpose of adding gambling feature on an exchange is just for fun, .

They put a gambling site for one purpose, which is to be profitable.
Although they will say that, "hey, play for fun because this is for fun", that doesn't mean they mean it because at the end of the day, they still make money since they always have the advantage, in short, they are adding that feature to maximize their income.

Yes, the exchange can get double profit from people who stay on their website. First is from the fee of the trade. And the second is from the gambling that has been used by the people. They will collect a huge amount from both, but maybe the income from gambling will bigger than the fee of the trade. Once people are trying to gamble, they will spend more coins to get the win but the reality, people, are difficult to win. The winning will be at the exchange, and people will only lose in the gambling table.

GreatArkansas

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Quote from: Questat on August 20, 2019, 03:32:11 AM

Quote from: GreatArkansas on August 19, 2019, 06:34:44 PM

~...

They put a gambling site for one purpose, which is to be profitable.
Although they will say that, "hey, play for fun because this is for fun", that doesn't mean they mean it because at the end of the day, they still make money since they always have the advantage, in short, they are adding that feature to maximize their income.

Yeah, that's why the risk has increased because of that additional feature of exchange which is gambling. Since they are maximizing their income, where they will get that income? to its users probably.
Still, higher risk. Because I know some exchange that even you are just newly registered on their exchange, and when that exchange adds an additional feature which is the margin trading, they separated the funds' balance for the normal trading account and the margin trading account, so, how much more if gambling inside an exchange.

Questat

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Quote from: GreatArkansas on August 19, 2019, 06:34:44 PM

If the purpose of adding gambling feature on an exchange is just for fun, .

They put a gambling site for one purpose, which is to be profitable.
Although they will say that, "hey, play for fun because this is for fun", that doesn't mean they mean it because at the end of the day, they still make money since they always have the advantage, in short, they are adding that feature to maximize their income.

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Quote from: GreatArkansas on August 19, 2019, 06:34:44 PM

If the purpose of adding gambling feature on an exchange is just for fun, maybe they could not use anymore the balance of every trader, because what if you lost also in gambling there while you lost also some of your trade positions? You are totally rekt then.

No matter if it is a gambling site or trading exchange all they want is profit so they never going to restrict for the amount you are using because bigger you trade the greater the commission they will get and when it comes to gambling they will get all of your money if you lose on the bests.For them its business idea to make more money but a trader needs to use it as no more than a fun part.

boyptc

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Quote from: Hamphser on August 19, 2019, 06:20:35 PM

Quote from: boyptc on August 19, 2019, 05:42:44 PM

Quote from: mirakal on August 18, 2019, 11:27:59 PM

I have only seen one exchange which has betting feature, actually it's a dice game and that was Yobit Exchange.

I've played there before with their free coins.

I think that it's fine to have that kind of feature on any exchange as long as they will remain focus on their service. Adding a dice game or any sort of gambling game to their exchange is probably just to kill time while trading.

I don't think it will help at all even if you say it will just gonna kill some time because you are trading, it doesn't work that way. You have to get focus on what you were doing but because of gambling you might lost that concentration since you were playing already and then you just realize that you just missed the great opportunity. Remember that the market is always changing due to its high volatility movement.

There are traders that are waiting for a certain price before selling so while waiting for that, open a new tab and dice for few sats.

No one is obliged to use their feature but still there are gamblers that use it as sort of recreation.

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Quote from: Hypnosis00 on August 19, 2019, 05:54:09 PM

Quote from: Oceat on August 19, 2019, 04:53:39 PM

Yet another weird idea again that i've come to witness. Grin

Regulations might change a little bit here if this idea would come to reality but i have a feeling that it won't work for a platform that used to be for trading and not for gambling. Two different platforms in a single platform is kind of odd if you think about it.

Aren't these traders are stressed already with the market situation and yet you have to add some fun yet stressing gambling on a trading platform?

I don't think it is a good idea to be in gambling while trading, it only makes out of focus into our trades and could possibly be reason to lose.
It can be entertaining those exchanges that have some features of gambling just like dice games. But we can't make to things at a time, gambling and trading.

For me, this feature sounds like they don't want you to take those profit from trading with you. They plan it all along just to kill some time but at the same time losing your focus on trading that somehow will keep yourself busy playing their gambling games.

I am really curious about of this trading and gambling thing in a single site.

GreatArkansas

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Quote from: Oceat on August 19, 2019, 04:53:39 PM

Regulations might change a little bit here if this idea would come to reality but i have a feeling that it won't work for a platform that used to be for trading and not for gambling.
~...
Aren't these traders are stressed already with the market situation and yet you have to add some fun yet stressing gambling on a trading platform?

This is also the first things comes to my mind. Trading cryptocurrencies has it's own regulations for each countries and beside that, the online gambling too, right?
I think there are some county allowed trading cryptocurrency while gambling is more likely prohibited or vice versa.

If the purpose of adding gambling feature on an exchange is just for fun, maybe they could not use anymore the balance of every trader, because what if you lost also in gambling there while you lost also some of your trade positions? You are totally rekt then.

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Quote from: boyptc on August 19, 2019, 05:42:44 PM

Quote from: mirakal on August 18, 2019, 11:27:59 PM

I have only seen one exchange which has betting feature, actually it's a dice game and that was Yobit Exchange.

I've played there before with their free coins.

I think that it's fine to have that kind of feature on any exchange as long as they will remain focus on their service. Adding a dice game or any sort of gambling game to their exchange is probably just to kill time while trading.

I don't think it will help at all even if you say it will just gonna kill some time because you are trading, it doesn't work that way. You have to get focus on what you were doing but because of gambling you might lost that concentration since you were playing already and then you just realize that you just missed the great opportunity. Remember that the market is always changing due to its high volatility movement.

Hypnosis00

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Quote from: Oceat on August 19, 2019, 04:53:39 PM

Yet another weird idea again that i've come to witness. Grin

Regulations might change a little bit here if this idea would come to reality but i have a feeling that it won't work for a platform that used to be for trading and not for gambling. Two different platforms in a single platform is kind of odd if you think about it.

Aren't these traders are stressed already with the market situation and yet you have to add some fun yet stressing gambling on a trading platform?

I don't think it is a good idea to be in gambling while trading, it only makes out of focus into our trades and could possibly be reason to lose.
It can be entertaining those exchanges that have some features of gambling just like dice games. But we can't make to things at a time, gambling and trading.

boyptc

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Quote from: mirakal on August 18, 2019, 11:27:59 PM

I have only seen one exchange which has betting feature, actually it's a dice game and that was Yobit Exchange.

I've played there before with their free coins.

I think that it's fine to have that kind of feature on any exchange as long as they will remain focus on their service. Adding a dice game or any sort of gambling game to their exchange is probably just to kill time while trading.

Topic: Betting feature at exchange (Read 634 times)