Topic: What do you think about trading feature? - page 3. (Read 1187 times)

You are absolutely wrong about what the op actually means by the trading feature in those casinos, the trading feature is not about exchanging from one coin or token to another, it is just like price prediction game, the casino offers a platform like a futures trading platform, and the same way you guess if the price of bitcoin will go up or down, same way you play this game.
If you guess that the price of bitcoin will go up in the next 10 minutes to 30 minutes, and the price of bitcoin did go up in that same chosen timeframe, then you win, but if it goes down in that same chosen timeframe, you lose.

The game is as simple as explained above, but as simple as it seems to win, you can give it a try and see if you are lucky.

At least one can be able to put in some little bulks to predict price and building their price prediction skills while applying it to their trading. Analysing the price trends via casino platforms as adopted by these few casinos is a good one because it would allow gamblers likewise traders to utilise the opportunity to further gaining more knowledge to predicting crypto price trends and doing that would make trading more interesting and exciting.

I haven't used anything like that I think you are talking about the feature where a gambler can convert his coins from one coin to another on the gambling site and use them for gambling or withdraw. It could be a nice feature but something I haven't used in a while and haven't noticed because I haven't used Bc.game and Rollbit that much. But I support them.  Because this feature of the gambling site will benefit us in many cases.  For example if I gamble with Bitcoin and use TRX to withdraw money I can save on fees.

Trading, trading... Is it everywhere? Indeed, it's been around for a long time. This new trading feature's huge leverage makes it like binary options trading on steroids. Extreme heights. It's so extreme, it's almost like... well, pure gambling. Pure, unadulterated gambling.
I've seen many platforms, and they all offer the same thing. They seem to be following the same script. You know what? It's normal. It's normal. Casinos and platforms always want the next shiny item. Most of them? They're selling ancient games
This trading feature is unique. It differs. Not everyone trades, right? Not everyone is brave enough. For the truly committed, it's a siren call. Attractive, attractive. Not for everyone, but those that are pulled to it are like moths to flames. That, my buddy, makes it fascinating

^^
This is a misconception. Being a trader and regardless of however good at trading you are, as I said in my previous reply, will not increase your chances of winning or give you an advantage over the casino. The odds will always be the same.
It doesn't matter what market analysis you use, it is almost impossible to predict the price of an asset in the range of seconds.
Traders may find such games funny because they are used to see charts and prices and all of that but this is something completely different from trading.

The thing on which these trading feature is really that long time existing already on which this is really just like that binary options trading with some little bit of twist on which the leverage that had been
that set into that extreme heights which it turns out that it would really be that considered to be pure gambling. Yes its true that we've seen different platforms but their offerings of games are just the same and its normal that casinos or platforms would really be finding something new which havent been that could be seen yet majority of them are offering the same.
This trading feature or type is really just only a few or could be seen only on some casinos or platforms but there are indeed people who do really get interested on this one.
Its really that totally interesting but not all are really that trader and this is only that makes those traders will really be that interested on doing such gambling on trading
method or way or being used and this what makes interesting for some people.

Do you know that some of the gambling games almost have same features of games, I theirs one certain time I checked some of the gambling games, I think I use like one day to cross examine such, but I notice that some of them is now having same features, except that this particular game features you are emphasising in Bc. game and Rollbit, I know that rollbit already has good features of games  but it's almost same games with other gambling too.

It is still a luck-based game. You don't know were the price of a coin will move in the next second no matter how a good trader you are. This means that there is no advantage over the casino. It'd practically a fifty-fifty chance game.
Don't think much about it and just enjoy the game because the only way to manipulate the results is by having enough balance to manipulate the whole market. This is not possible for most gamblers especially when we talk about coins like bitcoin and the like which have a bog market cap.

I hope we also see this feature as a means of making an additional service provision to gaamblers who also target creating time to engage trading not to worry on using an exchange for that when they can also provide them with same functions on their gambling platform, but am yet to understand what could be the difference between using a casino for trading and the normal exchange, because what I Know is that a casino cannot serve the function of an exchange completely.

As the casinos want to diversify their services and cover all grounds, hence,, this offering.
We will know if this is not getting interest if they will close down this service in the future.
Because if it will just be a liability inside the casino, they won't put up on this for long, right?
There are also traders and gamblers, so there will be group of people who will like this feature.

Speaking about trading feature and insight trading. Anyone knows if this is real or not? I mean it's a real tweet but seems like trolling tbh. It's an Rollbit's answer to cointelegraph after they admitted their false news about BTC EFT.



The fact that account is named Cointelegraph makes it seem like trolling, but i haven't found confirmation from anywhere.

Binary options? That used to be a gambling game sold as a reliable activity where you could make an income from through skills and analysis. I've already seen many people losing money to scammers who sold online courses teaching people to earn from this in a solid way. Nowadays I think it isn't so popular like it was about 4 or 5 years ago, because people are already aware about the risks, understanding more or less how it works for real.

I have nothing against this modality and I think it can be really funny, since the individual knows he is gambling and not investing or working, as some might think.

Come to think on how risky it is on just having that 100x more leverage. How much more on 1000x.Right? This is really just that obviously a domain for those who do really want to gamble out even if you do call yourself a trader then there's no way that you could really be able to handle out that 1000x and applying with some analysis onto it on which it is really that something that impossible that you could really be able to make strategies
or making yourself doing some analysis which its been said that 0.1% is enough for you to be that liquidated and this kind of movement is really just that a tick with this market volatility and this is why risks is higher
on losing up that kind of bet but of course this isnt something that could be placed on a gambling site in the first place if it wasnt really that like a gambling thing. This do really just suits out into those people who do really love to taste up that kind of gambling while they are doing trading at the same time. It is really that safe to say that this is the best time to say that trading could really be that something can be called gambling
if you do have this kind of leverage.

It wont really be that shocking that casinos or any platforms would really be applying these kind of games or offering just to hook up people to stay up into their platform.
It might not really that much interesting for some people but pretty sure that there are really indeed gamblers at the same time traders who do really love to test up the game.
It isnt really that hard to understand on how this thing works and how you would really be able to make winnings or bets out of it.

Trading features in a casino will appear beneficial to those who like to gamble and, at the same time, are also into trading, and the common man who is just into gambling and knows nothing about crypto currency trading will consider that useless too.
 
Some people dislike seeing this, which is not supposed to be in a particular place, and they are being found there, and I happen to be one of those people. If I want to gamble when I visit a casino, I just want to see different kinds of games and not some trading features. If I need to run some trading, I will visit a broker and not a casino.
 
Well, the casinos that are adding such an option are just looking for ways to meet up with the competition in the market, or maybe it could also be based on customer requests, any of which is really not my thing, and I won't even try using such an option in the first place. Let me not lose more than I do on games I know how to play.

I think you're talking about dice trading. It's a concept of combined trading and gambling. I will agree with you that price follows a repeating pattern but it is important to note that market price are always unpredictable and they tend to go opposite when you least expect it. So, there's no guarantee that a specific pattern will continue to trended in the future. And it's also important to know that this type of games are mostly built based on house edge that gives the casino advantage over the players. The house edge are always in favor of the casino and this is how they make money. Whatever the gambling is all about, you should be cautious and gamble responsibly.

I haven't tried the things you mention, but if they're prediction games, they're not trade games. Gambling is, of course, gambling, and trade is trading. Why did you give it a shot?

So yet, I haven't seen the game's arrival; perhaps I'll check back later. If I enjoy it, I'll play in that game. Why not if it's interesting or enjoyable? It's fine if I'm lucky, and it's fine if I'm unlucky; after all, it's just for fun for me.

To be fair, you can actually gamble in an exchange.
The main difference between an exchange and a casino, is that exchanges offer more liberty for their users to regulate their exposition to risk, so people can feel comfortable enough with their positions. It is not an all-or-nothing kind of situation, there are mechanism like stop losses.

On the other hand, casinos do not offer many mechanism for us to stop a complete loss of our wager, so to me it makes sense a casino tries to capitalize on the attractiveness of speculation and the market to lure gamblers who also have some experience with trading or traders who may feel like gambling a bit after a session of dices or blackjack.

There is nothing wrong with offering some variety to gamblers, isn't it? The more variety of games, the better, though I agree if one seeks to trade professionally and with necessary tools to protect one's positions, it is better to sign up on an exchange.

For me, I rather trade directly instead of speculation as a mode of gambling, this is what I have always been avoiding since I am not good at coun price speculations, but then I may say this idea will give most gamblers some form of excitement and sense of having a double chance while gambling so for them this is a food development.
I don't know if I will have that kind of patience to play those price speculation games in the future but then i am not in a rush to be involved in those kinds of games either also, so while I see this as a welcome development,  it may still not appeal to me much also.

I thought am the only one seing it from thesame perspective, come to think of it this way as well, do government even support gambling, do they accept the adoption for cryptocurrency, how will they approve a platform for combining the two risk altogether and you expect them to allow the people to freely use such, though we have different regulations from each countries concerning gambling but this time around, not when trading is also involved.

That's a pretty decent explanation and yes I agree that when trading is leveraged at 100x or 1000x then that purely falls into the domain of gambling rather than trading. I haven't used that reading type game of Rollbit but surely they have added 1000x in order to make trading a gamblers game. A decent trader will never go with leverage above 5x a few very professional traders may go with leverage of 10x but they make very proper strategies in order to tackle the inverse markets.

Nah, trading knowledge with completely fail if we have leverage of 1000x because now we will have to rely on our luck instead of the trading knowledge that we have. Traders are humans and it's almost impossible to win with 1000x leverage because with 1000x leverage only 0.1% is enough to liquidated the trade. The crypto market is highly volatile and 0.1% takes place in many coins every minute to every 3 minutes. Those type of games are just using the name of trading I guess because they offer nothing for traders.