The official Rollbit site crypto trading options open.

YOSHIE

legendary

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This is a great thing for the Rollbit gambling site on crypto trading options, which has officially opened and can instantly place crypto trading bets.

This is the biggest advance to date for the Rollbit team and management.

I will try it....! Good luck.

Thanks again to the team, management, rollbit has activated the crypto trading method.
And also thanks to @Hhampuz who has successfully run the Rollbit campaign.

Silberman

legendary

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Quote from: magneto on April 10, 2021, 11:21:08 PM

I do wonder if they will be actually offering a spot exchange (with full deposit/withdrawal functionality), or simply a derivatives exchange platform.

If the latter, which is very likely, they'll probably structure it as a gambling game like secondstrade did a while back. Binary options, given the short expiry timeframe, are essentially the same as random number generators. There will be no strategy that can beat it in the long run, and the odds are notoriously bad for the gambler.

It's also very prone to manipulation and fraud from the casino's end. Wouldn't play it if it was offered tbh.

Yes, secondstrade that is how it was called the casino that offered binary options a while back, while you are correct on what you say I think there are many people out there that cannot see the difference between trading and gambling and may see in this an attractive option, so I would not be surprised if this turned out to be very popular as people deceive themselves thinking they are trading the markets when in fact they are just gambling with their money.

Bitinity

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Quote from: rhomelmabini on April 08, 2021, 02:09:21 AM

It's quite the marketing strategy by Rollbit and it's quite unique that they are offering binary trading and I think they are the crypto gambling site that first offers this (correct me if I'm wrong). It still involves risk too but I think binary trading is quite profitable if you're an expert in it and you can manage your risks more here. The way I see it was Rollbit is getting unique of what they offer, I wonder how other competitors will respond to this, let us see.

If it will be a binary trading then they wont the the first to offer it since we had some binary trading sites in the past. One of the best and the famous one was secondstrade. Imho, it wont affect other crypto casinos as binary trading is not really popular in this crypto gambling industry so competitors (other casinos) wont think about it seriously unless what you mean by competitors here is other binary trading sites.

magneto

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I do wonder if they will be actually offering a spot exchange (with full deposit/withdrawal functionality), or simply a derivatives exchange platform.

If the latter, which is very likely, they'll probably structure it as a gambling game like secondstrade did a while back. Binary options, given the short expiry timeframe, are essentially the same as random number generators. There will be no strategy that can beat it in the long run, and the odds are notoriously bad for the gambler.

It's also very prone to manipulation and fraud from the casino's end. Wouldn't play it if it was offered tbh.

AakZaki

legendary

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zknodes.org

Quote from: YOSHIE on April 08, 2021, 02:22:34 AM

Hello friends gambling, thank you for the information and replies about the binary / crypto tranding options on the Rollbit gambling site.
~snip~

It looks like a new platform, I just found out that there is a Signature campaign in this forum. Previously, I tried dice on the roobet for fun. Then I0I races, betting according to the predicted crypto rate. I didn't delve into it further but the two bets were quite fun. I have not tried Rollbit, bet and binary options on its site. I tried to open their site but it seems that the Trading menu doesn't work yet.

YOSHIE

legendary

Activity: 2128

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Hello friends gambling, thank you for the information and replies about the binary / crypto tranding options on the Rollbit gambling site, I understand everything, but for now it's still theoretical .... not practical, I will update here, after the option is executed and the Rollbit team has implemented crypto / binary trading options? I want to try and see the results, get right to practice.

my understanding of binary trading:
Users who make binary options only by making a deposit, with the amount that has been determined by each provider on the gambling site, with a binary duration that varies both in hours, days, minutes and seconds.

With an option like this, bettors can see the results with a predetermined duration, there are two things, which must be considered in these options if the guess is correct or right on target, the profit is on our side and vice versa the loss becomes a forfeited capital.
Again theory / trying is something fun, isn't it.

rhomelmabini

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No God or Kings, only BITCOIN.

It's quite the marketing strategy by Rollbit and it's quite unique that they are offering binary trading and I think they are the crypto gambling site that first offers this (correct me if I'm wrong). It still involves risk too but I think binary trading is quite profitable if you're an expert in it and you can manage your risks more here. The way I see it was Rollbit is getting unique of what they offer, I wonder how other competitors will respond to this, let us see.

uneng

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Leading Crypto Sports Betting & Casino Platform

Quote from: Silberman on April 07, 2021, 11:30:18 PM

Quote from: Maus0728 on April 06, 2021, 08:51:28 AM

I guess Rollbit is not offering a particular type of trading that Binance or any other exchange have. As far as I remember, Rollbit is about to launch a "Binary Options" in their website and is not a Spot or Futures type of market in particular. As I can see, though, launching Binary options on a gambling website is pretty unique and is quite a smart move on their end, so I think none of the current existing gambling site and in the past is currently offering such option.

Just to add, Binary trading is basically 1/0 or YES/NO type of trading at a given period of time. Hence, it is derived from the word Binary that has only 2 options. Personally, it is a hybrid of "Ace Deucey" and "Trading" which of course includes indicators.

Years ago there were some websites that offered binary options, many traders and investors do not really consider binary options as a legitimate way to trade the market and this is because the actual options that you have are very limited, which is why it is called binary options, they consider this to be a form of gambling because they limit what you can do, however if any person is able to guess what the market is going to do in a consistent basis then they are free to try binary options if they want, but in my opinion they will be better off by using their skill in the real markets.

Yes, most reviews I have seen consider binary options purely gambling and like in gambling, most participants lose money and only very few achieve profit on long run. It's quite hard to predict the market fluctuations inside a short period of time, making technical analyzes useless, and the profit margin unstable. It's not like dice where you set the odds as you wish. In binary options if you hit the right result, but with a low margin, the profit will be decreased. It makes the strategies such as martingale risky to be applied. Anyway it's nice to see a gambling site adding binary options on their list. I think it really belongs there.

Silberman

legendary

Activity: 2534

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Quote from: Maus0728 on April 06, 2021, 08:51:28 AM

I guess Rollbit is not offering a particular type of trading that Binance or any other exchange have. As far as I remember, Rollbit is about to launch a "Binary Options" in their website and is not a Spot or Futures type of market in particular. As I can see, though, launching Binary options on a gambling website is pretty unique and is quite a smart move on their end, so I think none of the current existing gambling site and in the past is currently offering such option.

Just to add, Binary trading is basically 1/0 or YES/NO type of trading at a given period of time. Hence, it is derived from the word Binary that has only 2 options. Personally, it is a hybrid of "Ace Deucey" and "Trading" which of course includes indicators.

Years ago there were some websites that offered binary options, many traders and investors do not really consider binary options as a legitimate way to trade the market and this is because the actual options that you have are very limited, which is why it is called binary options, they consider this to be a form of gambling because they limit what you can do, however if any person is able to guess what the market is going to do in a consistent basis then they are free to try binary options if they want, but in my opinion they will be better off by using their skill in the real markets.

numanoid

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If you have experienced in binary option, you should be know what it will be. Olymtrade and binomo are popular binary options site i've seen. There are lot of reviews on youtube too about both site. It requires technical analysis to analyze the graph because it's take short time when we want to play on there

stomachgrowls

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Quote from: imstillthebest on April 07, 2021, 03:00:43 PM

Quote from: Jawhead999 on April 07, 2021, 10:09:45 AM

Quote from: imstillthebest on April 07, 2021, 07:50:28 AM

Quote from: ?? on ??

I also wonder how a gambling site can offer trading platform at the same time,

but you dont wonder why there were gambling site with investment option ?
if that was possible why not this one because trading and investing are close to each other .

Binary trading and investment are different, binary trading just like a gambling because it's a game to predict the price is going down or up. IMO it's quite similar like curve crash.
While investment option is like "become a house" of that casino, as we know house always win... So the profit the casino gained from investor is low compared trading. They will only took the profit by add dilution fees when you want to divest.

Thanks for the time of explaining it again even if its already explained above ,
Im only not convinced earlier that it was binary trading that they are going to add .
I guess it wasn't really possible to mix the real trading with gambling . it's a little disappointing but this binary option is perfect for the people that find it hard to perform the actual trading .

Come to think that putting a trading or platform on a gambling site or shall we say a hybrid one wont really be just a simple job and does cost lots of resources in able to do so.
They had mentioned about trading but on the sense that you would just be choosing neither up or down.

Yes, its nearly impossible to integrate or collaborate the two and also binary trading could be considered as gambling.You dont have any options rather than up or down
which simply means 2 choices.

They can cater out those gamblers who are bit interested with trading features like this.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Jawhead999 on April 07, 2021, 10:09:45 AM

Quote from: imstillthebest on April 07, 2021, 07:50:28 AM

Quote from: ?? on ??

I also wonder how a gambling site can offer trading platform at the same time,

but you dont wonder why there were gambling site with investment option ?
if that was possible why not this one because trading and investing are close to each other .

Binary trading and investment are different, binary trading just like a gambling because it's a game to predict the price is going down or up. IMO it's quite similar like curve crash.
While investment option is like "become a house" of that casino, as we know house always win... So the profit the casino gained from investor is low compared trading. They will only took the profit by add dilution fees when you want to divest.

Thanks for the time of explaining it again even if its already explained above ,
Im only not convinced earlier that it was binary trading that they are going to add .
I guess it wasn't really possible to mix the real trading with gambling . it's a little disappointing but this binary option is perfect for the people that find it hard to perform the actual trading .

BITCOIN4X

legendary

Activity: 1974

Merit: 1150

Quote from: janggernaut on April 07, 2021, 07:02:44 AM

Anyway i can't wait to see crypto trading on rollbit too, if that will same with binary option, that would be good since it easily to understand.

Most likely it will be the same because only binary option are relevant to gambling. This idea might be interesting to look forward to, but I think Rollbit will work with third parties as well to implement crypto binary option or maybe not. For those who like binary option. I think Rollbit will be one of the gambling site that will provide it.

Quote from: YOSHIE on April 06, 2021, 11:55:22 AM

If binary options are implemented on the Rollbit site, I think not all countries can be lucky, limited, I believe this option can be more profitable for the gambler, I understand now from crypto trading on gambling sites.

There are term and condition that must be obeyed by site users and that include country restriction. If you are a citizen of a country restricted by the site, then all the game there may not be there for you. Binary option are both profitable and disadvantageous. This will require you to do more analysis and prediction. It's never been better to guess, it will deepen your pocket.

Smartvirus

legendary

Activity: 1554

Merit: 1139

You've really gone the far length in exploring the new platform and its good to have such innovation on the rollbit site. The team has come up with an idea that would help them to stock up the funds, have it with them for you to invest in which ever way that pleases you either to trade or gamble and its good and quite unique. All that is left is the managerial duties and how active there smart contract service would be. Its a good development and its new to me too. I might have to try it out but, I see a good potential in this gambling site with respect to serving the public, they are all in.

Mahanton

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Activity: 2730

Merit: 632

Quote from: YOSHIE on April 06, 2021, 06:04:06 AM

Question that was buried in my soul...!
• Are there any other gambling sites like Rollbit.
• How do we make two options on one site, bet and trade.
• and how about the bet balance and trading balance separately or in one column.
• Have you ever done this kind of trading and betting.

1. For gambling site that does have trading gambling site then i havent seen one but only this.
2. Its just a game that had been add up.It doesnt need to have the entire platform for it to you to make trades.
3. I believe that it would be just the same where capital or balance will be shown
4. For trading like binary then yes a lot.It is just like gambling just like what others been talking on here.

dunfida

legendary

Activity: 3122

Merit: 1140

Its just an add up where they do make out some options on putting trading game where it is really just a binary option game where you neither choose the price goes down or up
on what you had bet on.This isnt a typical thing you can see in most gambling sites but there are sites that do exist.The difference is that they do only run on single
game or type but Rollbit did really make both at the same time which i do see a good idea for those who do like to deal with trading type of games.

Ulven

legendary

Activity: 1610

Merit: 1131

There are many gamblers who love to trade in binary options, So the way the site works is suitable for these gamblers.
I think the idea of the site will bring massive traffic over the internet and collide with users who prefer trading in binary options and playing some gambling games!!

Jawhead999

legendary

Activity: 1834

Merit: 1208

Quote from: imstillthebest on April 07, 2021, 07:50:28 AM

Quote from: ?? on ??

I also wonder how a gambling site can offer trading platform at the same time,

but you dont wonder why there were gambling site with investment option ?
if that was possible why not this one because trading and investing are close to each other .

Binary trading and investment are different, binary trading just like a gambling because it's a game to predict the price is going down or up. IMO it's quite similar like curve crash.
While investment option is like "become a house" of that casino, as we know house always win... So the profit the casino gained from investor is low compared trading. They will only took the profit by add dilution fees when you want to divest.

Swopon

copper member

Activity: 700

Merit: 120

Gamdom

Wow, it's crazy. Offering both service in one platform is a nice idea. But successfully implementation is an important thing. In this thread, already it is mentioned that they are offering Binary trading and I don't have enough knowledge about it. I believe that there are many people who use both and may be this platform will be a good option to choose for them to do trade and as well as gambling.

michellee

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I do not know if a gambling site offers both services on their site because it is a new experience that the gamblers will get on the gambling site. Maybe that is good for the gamblers as if they are tired to see the losses in the gambling games, they can move to trade and maybe they can win some money to recover their losses. But if that trading is binary trading, I think it will need more skills to trade on that site. You should wait for their next announcement to see what kind of trading they offer to us. I think that will be interesting to see on their site.

Topic: The official Rollbit site crypto trading options open. (Read 382 times)