Topic: Trading has become too much akin to gambling. Let's embrace it (Read 1247 times)

I'm assuming everyone here already knows how volatile crypto markets are and how much of a risk it is to trade there. I'm not going to delve deep on that topic because I consider it a given already. However I'm getting a sense that in spite of the great demand to make risky trades on crypto, casinos tend to ignore it too much.

I remember a few years ago binary options on BTC/USD were quite popular.
These days billions of USD are put towards leveraged futures, and now with markets opening futures and options on Bitcoin ETFs, institutional investors will also have access to very risky positions on BTC right from their broker.

However, these markets have several restrictions. On most brokers you can't get margined leverage above 5x and/or many territories don't even allow for brokers to offer options to the general public. Let alone the fact that people from many countries aren't even allowed to sign up to crypto exchanges because of arbitrary reasons like for example Israel pressuring Binance to close the accounts of people just for being Arab.

Anyway, I think more casinos should follow the path of what Rollbit has been doing with its virtual futures and offer gambling services based on the BTC price. There could be several advantages. No KYC, no regulatory restrictions as imposed on traditional markers, unlimited leverage... You name it.
Maybe even there could be some algorithmic memecoin releases. Maybe you're one of the lucky ones that get 10x or one of the unlucky ones that get rugged.

Would you gamble on casino games that are based around the real fluctuations of BTC's price?

Skill is the basis for success and with luck can make everything more perfect to ensure victory or some benefits, without skill someone will only continue to deposit money to be lost because luck also comes without realizing it, even no one can really guarantee someone to be lucky at all times.
In gambling or trading if only rely on luck, in the long run they may be able to spend all their savings and even sell various assets to be able to cover all losses, only fools do all that.

I would bet for that if i know to make technical analysis in the market coz for sure it's a win.  But without knowledge how market really works? Perhaps much better to focus on sports betting to assure you still have a chance of winning.. imagine betting where Bitcoin will go and you have no idea and you will rely on rumours only which a bad idea to be honest.

You are right, however, gambling still involves luck, including as you said in skill-based gambling also requires luck, it's just that the skills we have can increase our chances of winning when gambling, besides that, don't be too confident with the skills we have because there is no clear certainty about winning.
But in my opinion, there are also people who trade by relying only on luck, hoping that the transactions they make can generate profits while they have no skills or knowledge at all about trading, or their minimal knowledge so they only rely on luck, this is ridiculous.

Indeed, not all gambling is luck-based, there are also skill-based ones that can also be influenced by how our skills and abilities are in analyzing betting. especially in skill-based games, predicting match wins, and others. It's just that, luck will always be there, but that doesn't mean in this case it's pure 100% luck always and only.

It's just that, if the trading is done without any analysis and thorough preparation, then it will only be detrimental, unless it's because of luck. because of that, trading is often associated with gambling, when the traders are especially new people who do trading, especially future trading with elevation, but don't do analysis or other preparations. so, it could be relying on luck. it might be similar to gambling based on luck.

No, I totally disagree with you on what you just said above, because when it comes to both trading and gambling, I could boldly say that both skill and luck is needed, but just that the level differs with respect to the very game you are gambling on, example, when you are gambling on games such as soccer, basketball and cricket. As for you to be able to give a close accurate prediction, you need the knowledge of previous performance of same game. And just like the Rollbit Solana future, which offers gamblers the ability to predict the live price of crypto currencies, such as Bitcoin and stand the chance of winning if you are correct. Of which this can only be possible with a good knowledge about the current Bitcoin/crypto market movement and luck.

Would you gamble on casino games that are based around the real fluctuations of BTC's price?

Actually, I don't know that much good technical analysis that I would bet on the Bitcoin price fluctuations in casinos but I really like the various free contests that predict the price of Bitcoin. But here too my luck has never used and for that reason I try very little here now.

But in case of these are also included in gambling that doesn't mean that the trading has becoming too much akin to gambling. Trading and Gambling both are totally different but there is no chance to will become similar to each other. Like in case of trading here skill needed to become successful and on the case of gambling there is only need of luck all depend here the luck. And about the unpredictable future market price, I also don't know how will be the price of the daily necessity price in the next day 

I'll keep on saying this, trading is a skill and gambling is not but most people think they are the same because they always focus on flipping on their trading account. Experienced traders go into the Market with leverage and try to make sure that they make more Profit than losses by following the rule of risk management.. Trading especially in crypto currency can be make you or break you, it takes understanding to understand the market and come up with a strategy that works.. gambling is mostly based on luck and instincts nothing more nothing less.

I still cant phantom the major reason on why this is become possible, that trading is becoming akin on gambling, because they both have different pattern of operation, their differences is more than their similarities, which so tells more about the way we are gambling and how we see them both having relationship to have been compared together, some people can gamble as they want but cant trade the way they like except they follow some principles.

Like in case of trading here skill needed to become successful and on the case of gambling there is only need of luck all depend here the luck. And about the unpredictable future market price, I also don't know how will be the price of the daily necessity price in the next day 

Anyway, I think more casinos should follow the path of what Rollbit has been doing with its virtual futures and offer gambling services based on the BTC price. There could be several advantages. No KYC, no regulatory restrictions as imposed on traditional markers, unlimited leverage... You name it.

Would you gamble on casino games that are based around the real fluctuations of BTC's price?

I also saw many games in casinos trending these days to predict the price of Bitcoin, especially with the hype and bullish market. It's an interesting mixture of trading and gambling and with how volatile crypto markets are it's not surprising that this trend is catching on these days with this market and Bitcoin reaching $100,000.

The way I see it, these new games maybe are good to people who are already into crypto trading but want a more straightforward and fast paced experience like binary options. Instead of going through all the complexities of exchanges leverage restrictions and regulatory that takes time, in the place with casinos offering BTC prediction games fast way straight to the thrill.
Personally the first casino I saw doing that is, RollBit with virtual futures that have definitely tapped into that market before many others following and copying their idea, making it easier for users to take high risk bets without the red tape.

Answering your question; now that I stopped gambling due to an addiction recovery journey, I know how easily these kind of things could make us go out of control but I for me personally I have made a promise to myself., even if these games blur the line between trading and gambling and for some that might make the risk even harder to manage.

No, I would not. When Bitcoin was closed to $100k the people between on the price then to reach it in some hours, or a day would have lost money. One guy said he wasn't going to come back to X until Bitcoin hits $100k, that was totally unnecessary. Personally I know Bitcoin is going to surpassed $100k but when this would happen, that I don't know and I am not willing to make any bets on that. I'd rather bet on sports events which I am sure about or still bet on slot games which is another ofy personal favourites.