What do you think about trading feature?

bangjoe

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Quote from: Haunebu on November 04, 2023, 02:22:02 AM

Quote from: bangjoe on November 03, 2023, 02:50:58 PM

Many say that by analyzing fundamentals, charts, sentiment and so on, it is like you are calculating and analyzing what cards will come out of a person, what are the possible cards that your opponent has, and what cards he is stacking so that you can prevent him from winning the match. Likewise, in football betting, you analyze the team's ability, look at each player's ability, the strategy used and many other points that are taken into account before deciding on a bet, and that is a skill, so how do you answer this statement?

I reread your post a couple of times and I still didn't understand what your point was. If you're trying to say that both are skill+luck based games, that's just silly and my previous post already mentioned why.

However, if you're trying to say that both are purely luck based games, that is even more silly and crypto traders can attest to that.

If you do not understand the essence, try not to focus on the name of the asset, but I am more inclined to the practice done or the trading process, because in Future trading according to my perspective it is the same as binary option, you only press the long/short button in your trading process , and there is no purchase activity on the asset/crypto that should be when you buy into your wallet. In the language of trade is the activity of exchanging goods so that you have the right to the item. While Future in the process is the same as you bet on a match to predict victory or defeat or Long and Short, in other words there are no assets/items that are traded as a form that you make buying and selling/trade on these assets. IMO

Haunebu

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Quote from: bangjoe on November 03, 2023, 02:50:58 PM

Many say that by analyzing fundamentals, charts, sentiment and so on, it is like you are calculating and analyzing what cards will come out of a person, what are the possible cards that your opponent has, and what cards he is stacking so that you can prevent him from winning the match. Likewise, in football betting, you analyze the team's ability, look at each player's ability, the strategy used and many other points that are taken into account before deciding on a bet, and that is a skill, so how do you answer this statement?

I reread your post a couple of times and I still didn't understand what your point was. If you're trying to say that both are skill+luck based games, that's just silly and my previous post already mentioned why.

However, if you're trying to say that both are purely luck based games, that is even more silly and crypto traders can attest to that.

Dr.Bitcoin_Strange

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Wow, I think this really gives in to the idea of some people who have always believed that trading is another form of gambling where one doesn't know and is not guaranteed of their outcome, but I guess this is going to be a problem for some traders in the sense that constantly playing such bets will make them have some mixed feelings when ever they are trading features in the real crypto market.

Not as if it's bad to introduce it in the casinos; it has always been a gambling thing to some people, and it's really going to be fun gambling on such a game. I believe I will do well with its features and price flow.

ChiBitCTy

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I think this is kind of a cool concept when it comes to a simple sort of 50/50 game, but this is too sort of like investing in the stock market. You're essentially betting on whats going to go up and down price wise for stocks. I guess there is a bit more skill to that but it feel similar. I like it when casino games aren't too overly complicated. It's nice just to make some mindless bets for fun.

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Quote from: cafter on October 16, 2023, 08:51:10 AM

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.

Personally I think the logic these gambling sites will be using unknowing to us will be volatility, they will definitely take advantage of volatility and sometimes manipulations in the market as these stake are mostly within certain time frames for movements in the market.

I don't see this as any advantage for the gamblers because the casino is always kept at a disadvantage for it's players but unknowingly we think we can out smart the casino, the market have a up nd down pattern but in-between, there lays volatility and manipulations which you may not be very careful of probably because you are not aware ,I think that is even different from trading to an extent because trading strategies may not work effectively for that but then if you have a strategy that works on it then it could be a fair deal for you but it's risky.

Wiwo

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Quote from: Hamphser on November 03, 2023, 02:41:35 PM

As a trader then if you dont like this kind of set-up or type of gambling then it would really be your choice but there would really be those people whom do really love on engaging things on which they do
seem that it would really be that interesting for them. There are really just those who cant really be able to bare up with the risks involved specially in dealing with gambling.
They would really be tending to separate on whats this and whats that. There are ones who could really enjoy and there are ones who cant really just be able to handle it out.

Just let like the AI development that have threatened the peace of humanity and still it developers are busy building it and pushing for mainstream adoption of the to, same is any financial development in a company most especially those that the company consider to be a high revenue venture, and binary feature in a casino will indeed increase the revenue drive of the company so for that, I believe casinos owners will at all time work toward achieving such milestone in combining the two into same platform.

So I won't be surprise to see such development even though their are not likely all that popular for now, but in the days ahead we will notice their levels of popularity and how effective their are.

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Quote from: goxcraft on November 03, 2023, 02:32:49 PM

Quote from: Z390 on October 31, 2023, 03:48:23 AM

I was curious why a casino would turn into a trading platform all of a sudden but I later found out that OP misunderstood prediction for trading, that's no way near trading, because I can't use any tools or charts reading analysis on the platforms, they still functions as gambling because you just have to predict what will happen next, but there is a catch, if you are already a trader and you have your tools you can easily do your analysis on another platform before placing your bet, to me it's still a lot like gambling.

It seems like it's labeled as trading but not not trading. Yes in pure trading there are ways to analyse market situation using different tools and charts etc. But in here you are only predicting the price. It's the same as gambling. It's basically gambling which is named as trading. Honestly I haven't tried it yet. I have been away from gambling for some times. But by your writing I can think of that, it does not belong anywhere near gambling. Gambling and trading are two different things. One can't just mix them. Gambling is purely played with luck and trading is done with right analysis. Having this features in gambling platform seems like a bad idea to me.

Future trading is very risk and it is meant for people that have good understanding about the market. A newbie trading on the future perspective may be doing themselves harm because any single mistake here could lead to bigger loses especially when the market suddenly skyrocket against us. It is better to trade on the spot market than going for future trades because this can cause great loses when we make the wrong decision. Many traders gamble in the future market and because of this, they don't spend much time in the market since a wrong decisions or trade can cause big loses without using a stop lose.

bangjoe

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Quote from: 3kpk3 on November 03, 2023, 12:49:54 AM

They have been around for sometime now op and aren't something new or anything. These games are definitely entertaining and provide a lot of fun, but they aren't useful for making serious money thanks to the house edge.

It is completely dependent on luck while real world trading depends on luck and skill which is why it's a better way to try and earn money basically.

But isn't it from both of them that we both don't know the results even though the analysis approach has been made, a futures trader also won't know where the market will move for price movements, just like you play poker, right? and both have the same points that can be influenced by luck.
And again future trading there is no handover of assets / goods which makes it not included in the trade, but more on guessing the price also you can use the multiples feature on this trading action which makes me even more convinced that this is gambling.

Many say that by analyzing fundamentals, charts, sentiment and so on, it is like you are calculating and analyzing what cards will come out of a person, what are the possible cards that your opponent has, and what cards he is stacking so that you can prevent him from winning the match. Likewise, in football betting, you analyze the team's ability, look at each player's ability, the strategy used and many other points that are taken into account before deciding on a bet, and that is a skill, so how do you answer this statement?

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Quote from: Wiwo on November 03, 2023, 02:22:27 PM

Quote from: Sandra_hakeem on October 30, 2023, 05:43:44 PM

Quote

I haven't tried it, but I'm sure it's not part of trading like you trade coins on an exchange.
Maybe it's also part of a new game of guessing the price of a coin, whether it will go up or down. The casino does not incorporate trading features into gambling, it is an alternative game with number prediction bets. it also relies on your luck.

I don't really think there's anything like "trading features" on casinos... Is there an alternative name for that? Cus anything trading doesn't really correlate with gambling... How's that?

luck?. If it's actually a number prediction, how's that supposed to be called trading?... Y'all mix up alot of informations inappropriately. Maybe I'd have to look up this information - on how true it is...

Sandra 🧑‍🦰

In general, I don't even buy into the idea of having a trading feature on a casino, because this will lead to so many compactions of things and also make the whole process, so let trading be left for exchange while we are in the gambling section concentrate on gambling at most cases.

Although I know of a few casinos where you can convert your balance from one currency to the other because I have seen where I deposited bitcoin and was able to withdraw through USDT in one of those casinos around.

There's no way that you could really be able to stop them or with those companies who had really made out some consideration on adding up that binary option type of trading gambling game on which we know that
it is really that getting in line with the real time prices of a certain coin that they are really that listing which it is of course it would really be going into such perspective that they would really be putting up such thrill on via giving out that fastest time as possible for you to be able to place up your bets. Its true that leaving trading alone is something that should but you cant stop companies on integrating trading type
on a gambling way on which we are seeing something such as this.

As a trader then if you dont like this kind of set-up or type of gambling then it would really be your choice but there would really be those people whom do really love on engaging things on which they do
seem that it would really be that interesting for them. There are really just those who cant really be able to bare up with the risks involved specially in dealing with gambling.
They would really be tending to separate on whats this and whats that. There are ones who could really enjoy and there are ones who cant really just be able to handle it out.

goxcraft

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Quote from: Z390 on October 31, 2023, 03:48:23 AM

I was curious why a casino would turn into a trading platform all of a sudden but I later found out that OP misunderstood prediction for trading, that's no way near trading, because I can't use any tools or charts reading analysis on the platforms, they still functions as gambling because you just have to predict what will happen next, but there is a catch, if you are already a trader and you have your tools you can easily do your analysis on another platform before placing your bet, to me it's still a lot like gambling.

It seems like it's labeled as trading but not not trading. Yes in pure trading there are ways to analyse market situation using different tools and charts etc. But in here you are only predicting the price. It's the same as gambling. It's basically gambling which is named as trading. Honestly I haven't tried it yet. I have been away from gambling for some times. But by your writing I can think of that, it does not belong anywhere near gambling. Gambling and trading are two different things. One can't just mix them. Gambling is purely played with luck and trading is done with right analysis. Having this features in gambling platform seems like a bad idea to me.

Wiwo

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Quote from: Sandra_hakeem on October 30, 2023, 05:43:44 PM

Quote

I haven't tried it, but I'm sure it's not part of trading like you trade coins on an exchange.
Maybe it's also part of a new game of guessing the price of a coin, whether it will go up or down. The casino does not incorporate trading features into gambling, it is an alternative game with number prediction bets. it also relies on your luck.

I don't really think there's anything like "trading features" on casinos... Is there an alternative name for that? Cus anything trading doesn't really correlate with gambling... How's that?

luck?. If it's actually a number prediction, how's that supposed to be called trading?... Y'all mix up alot of informations inappropriately. Maybe I'd have to look up this information - on how true it is...

Sandra 🧑‍🦰

In general, I don't even buy into the idea of having a trading feature on a casino, because this will lead to so many compactions of things and also make the whole process, so let trading be left for exchange while we are in the gambling section concentrate on gambling at most cases.

Although I know of a few casinos where you can convert your balance from one currency to the other because I have seen where I deposited bitcoin and was able to withdraw through USDT in one of those casinos around.

Haunebu

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Quote from: noormcs5 on November 03, 2023, 06:56:31 AM

Trading and Gambling are two separate things and i think they should not be mixed on a single platform. Although people will argue that since both use crypto, why not develop an in-house exchange site within a gambling site? I would tell them that if we mean to keep all the crypto-related things at a single site why not include a grocery store also within a casino site, so people can order groceries too while gambling just like they will trade alongside gambling?

This is just an insane idea, whoever thinks that Trading and gambling can be integrated on the same site.

You couldn't be more wrong here. Trading itself is a form of gambling which involves luck and skill which is why it's a risky endeavour and not for the faint hearted. The trading game on these sites isn't exactly real world trading.

It's just a casino game that smartly integrates trading and is 100% reliant on luck only with zero skill involved.

tjtonmoy

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Gambling is purely based on luck and casino tends to add games that are not playable using your skills. Either you win or lose based on luck and not something you can master over time and become better at it. I haven't checked it out yet so I don't know if you can call it trading. Maybe it's like a price prediction game that includes a very little amount of time and in that given time you have to predict if the price is going to go up or down.

In trading, you can use your skills and knowledge to analyze the market and come up with most probable market movement. That gives you a chance for winning it. But if casinos add stuff like that, pro traders will have the favor to their side. And believe me or not, they could run out of business. Or maybe it's just a way to attract other people who are not interested in gambling but are better in other section like trading. As it is still new, it will be exciting to watch what happens in the future.

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Quote from: noormcs5 on November 03, 2023, 06:56:31 AM

Quote from: Synchronice on November 03, 2023, 04:44:38 AM

Quote from: cafter on October 16, 2023, 08:51:10 AM

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.

I don't like the idea of adding trading on casino. Yes, it's good at some point but at the same time this makes casino an attractive subject for hackers and casinos have to take their security even more seriously. But I don't think any casino can become a competitor of exchange because this requires capital that casinos probably can't gain and also requires a team of experts in different career paths. But I think that instant exchanges will be more popular on casinos, especially if rate is good and high fees aren't charged.

Trading and Gambling are two separate things and i think they should not be mixed on a single platform. Although people will argue that since both use crypto, why not develop an in-house exchange site within a gambling site? I would tell them that if we mean to keep all the crypto-related things at a single site why not include a grocery store also within a casino site, so people can order groceries too while gambling just like they will trade alongside gambling?

This is just an insane idea, whoever thinks that Trading and gambling can be integrated on the same site.

Lolz, I think what you have to deal with is your perspective, gambling and trading does have a bit of resemblance..

The subject of trading blindly, is something we have discussed extensively on this forum and many users agreed that trading blindly is no different from gambling, I myself also have a thread on this but can't locate it at the moment since it's several months gone already.

What Rollbit introduced on their casino is not trading per say, it's still gambling, it is exactly like sports betting where you have to predict the outcome of a football match, so also is this one as well, since you also have to predict the price a coin will be trading at, at a chosen time frame.

cafter

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Quote from: wallet4bitcoin on October 31, 2023, 07:01:12 AM

Quote from: cafter on October 16, 2023, 08:51:10 AM

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.

I will advise you to stick with what you know how to do and not deviate.

You have given a very helpful advice here. this advice is worth knowing to everyone that, do not try to do things which you don't know about. specially in gambling.
Because I was interesting in provably fair games and all of a sudden I seen big win of a player on slots, I got distracted from my provably fair to slots.
I started spinning in slots, eventually my capital drained to half of what i deposited, it all happened because I was trying to do what I didn't know about.
it's same with sports betting like betting on sport game without knowing anything about game.

noormcs5

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Quote from: Synchronice on November 03, 2023, 04:44:38 AM

Quote from: cafter on October 16, 2023, 08:51:10 AM

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.

I don't like the idea of adding trading on casino. Yes, it's good at some point but at the same time this makes casino an attractive subject for hackers and casinos have to take their security even more seriously. But I don't think any casino can become a competitor of exchange because this requires capital that casinos probably can't gain and also requires a team of experts in different career paths. But I think that instant exchanges will be more popular on casinos, especially if rate is good and high fees aren't charged.

Trading and Gambling are two separate things and i think they should not be mixed on a single platform. Although people will argue that since both use crypto, why not develop an in-house exchange site within a gambling site? I would tell them that if we mean to keep all the crypto-related things at a single site why not include a grocery store also within a casino site, so people can order groceries too while gambling just like they will trade alongside gambling?

This is just an insane idea, whoever thinks that Trading and gambling can be integrated on the same site.

Synchronice

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Quote from: cafter on October 16, 2023, 08:51:10 AM

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.

I don't like the idea of adding trading on casino. Yes, it's good at some point but at the same time this makes casino an attractive subject for hackers and casinos have to take their security even more seriously. But I don't think any casino can become a competitor of exchange because this requires capital that casinos probably can't gain and also requires a team of experts in different career paths. But I think that instant exchanges will be more popular on casinos, especially if rate is good and high fees aren't charged.

Lida93

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Quote from: cafter on October 16, 2023, 08:51:10 AM

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.

What I want to know is that since it's a trading features price prediction game does the house has a hedge in this game over the gambler just as it's found in other casino games where the game providers made sure the house has the hedge or it's operated normally as with trading on any exchange.

I am asking because I have no clue about it as it's my first time if Knowing that there's a trading features in casinos that gamblers can make use of in place of actual trading.

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Quote from: 3kpk3 on November 03, 2023, 12:49:54 AM

It is completely dependent on luck while real world trading depends on luck and skill which is why it's a better way to try and earn money basically.

Not much different from slots where a game like that only hopes for luck to win, without having to use a strategy to guess the correct price, because we only guess within a certain period of time going up or down, because this game already exists in many casinos, it's just possible Rarely do people play this game because many cases have been revealed that dealers can move prices according to what they want.

Except if the price follows the crypto price on the world market, it might be better, but guessing but the price is different from the world market, it can definitely be manipulated, I'm not really interested in the game of guessing the price will go up or down, it's better to choose to trade in the futures market or trading Crypto immediately seeks profits from buying cheap and selling at a high price. I'm sure this game is hard to make money Grin

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They have been around for sometime now op and aren't something new or anything. These games are definitely entertaining and provide a lot of fun, but they aren't useful for making serious money thanks to the house edge.

It is completely dependent on luck while real world trading depends on luck and skill which is why it's a better way to try and earn money basically.

Topic: What do you think about trading feature? (Read 1029 times)