What do you think about trading feature? - page 5.

BenCodie

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Quote from: Marvelman on October 16, 2023, 09:02:34 AM

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

What do you think of this game?

That ain't really trading! More like some mashup of gambling and taking wild guesses on where prices are headed in the near future. For sure it can be fun, but luck's got more to do with it than any real trading strategy. And getting an edge over the casino? Ha! Theyre the house for a reason - odds are stacked in their favor. So yeah, gonna say that's a nope!

Completely agreed, and this also doesn't take into account where they get their data from. A centralized exchange has an order book and market makers to ensure that market activity and market data is continually up to date. Some also take into account index prices in real time for additional reference of the price. Some decentralized exchanges take this one step further by using data oracles, which are points of data that average out multiple price feeds, to ensure that data is decentralized.

Where do you think BC.game and Rollbit get their price? I can tell you, their backend. The short term price that you see on BC Game and Rollbit would not match that of a price oracle, especially when large bets are being placed Wink

ultrloa

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Quote from: slapper on October 18, 2023, 02:14:04 AM

I'm always amazed by the globe, especially with Bc.game and Rollbit adding trade possibilities. Predicting minor fluctuations? That literally changes the game! I've seen numerous games, but this is different. Imagine combining the stock market and casinos. Brilliant, right?

Talk about the game. You love it, and I can see why. Predicting short-term price changes is difficult but exciting. Many believe they can foretell it. But here's the thing: patterns can be deceiving. They can be, truly

This is how a casino know on how they can improve their businesses since adding that features could really bring them another cool option to choose especially to those gamblers who also like to participate on trading activities. What they did is really amazing since it can generate them a lot of profit since imagine that their casino users will not opted to go somewhere else just to predict and bet on the market result. I already see this feature on other casino but they didn't sustain it, but knowing rollbit they are huge casino so for sure that they can handle that feature very well and this will be another feature that provably used by players who want to test out what they can offer.

This will be a topic to discuss on each threads of casino add this feature knowing that speculation about possible bull run is now happening since many people want to discuss this events.

Outhue

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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 know what you are talking about but I will look it up, next time you need to be more specific, what games exactly? Is it stock price action or what? If it's something that we can use tools to analysis then it's no more a gambling for me, this is veu close to normal crypto trading that we are all used to and this could definitely be a game changer.

I can see some comments saying it's not like real trading and it's all luck based but I then decide to visit rollbit casino myself, I think you are talking about crypto futures? If this is what you are talking about then its a bit different from the trading that I am talking about.

Futures is the most risky trading I know, with that insane risk and reward potential it's still not a safe way to trade, as I don't like futures trading at all, using 1000x leverage will send you back to the street with no cloths on, just be careful what you wish for and make sure you gamble responsibly.

Kakmakr

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It is actually not "trading" ..but rather price prediction betting that are on offer. I saw this on Freebitco.in and I even tried a few times.. but with Bitcoin being so volatile, casinos seem to have the edge over the people that are betting on it. Tongue

A lot of these gambling sites are trying to be innovative and they are trying to stay ahead of the competition, by offering something that are "out-of-the-box" like this.

I like anything that will keep me interested in a site..... stuff like this. Grin

slapper

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I'm always amazed by the globe, especially with Bc.game and Rollbit adding trade possibilities. Predicting minor fluctuations? That literally changes the game! I've seen numerous games, but this is different. Imagine combining the stock market and casinos. Brilliant, right?

Talk about the game. You love it, and I can see why. Predicting short-term price changes is difficult but exciting. Many believe they can foretell it. But here's the thing: patterns can be deceiving. They can be, truly

Does this game favor the player over the casino? Casinos make plenty of money. They wouldn't release a game with a constant advantage. If you're sharp and have studied those patterns, you might have a little edge

ethereumhunter

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Quote from: iv4n on October 17, 2023, 09:05:03 AM

Well, when you try it, you will see that there's not much to analyze, we are talking about a period of 15, 30, and 60 seconds. It's pure gambling, it's just pressing up or down and hoping you are right. In my opinion, this game is the worst of all lucky-based games... but it's just my opinion and my taste. Some of us played this game before, and I tried it at BC.Game, just for the sake of trying it and I am staying away from this one for sure.

If so, it means we can only rely on luck because it is the same as playing slots, which also requires luck to win. But I don't feel too curious about trading games like that and feel it is better for us to trade for real so we can get profits as usual. Other people may find playing trading games interesting and make them test their analytical skills.

Quote from: CryptSafe on October 17, 2023, 10:05:33 AM

It is a good initiative for casinos to have adopted such and I see it very interesting too because it would help one fully develop their analyzing skills when it comes to crypto price prediction. With just little amount one can be able to do such and this would avail opportunity for traders to take advantage of the situation in learning and perfecting their live trade price analysis and movement. I think everyone should take advantage of this opportunity to build their price prediction skills and it would help for those fully into trading.

It's okay if anyone wants to test their skills in analyzing market situations and then placing bets on BC.game. If they often make mistakes in analyzing and experience loss, they still need to learn more to improve their analytical skills. Besides that, people could get more information from analyzing it to apply it to real trading.

Hispo

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I think I have read about that feature before in other gambling websites, I have personally not tried it yet, but I like the idea of it.

I do not think it offers any advantage over the casino, because the market and price prediction is pretty difficult to correctly guess and even more in such small windows of time. The idea is to offer more gambling options for those who seek a different experience, I guess.
If one truly wants to trade, it is better just to move onto an exchange and not do it on a casino. But I won't argue about the possibility of gambling in a exchange, due to access to leverage and future markets.

I wonder how popular this "trading" game can become in the next years, and whether it would be possible for whales to abuse it or not.

letteredhub

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Quote from: Porfirii on October 17, 2023, 01:00:25 AM

Quote from: letteredhub on October 16, 2023, 02:08:30 PM

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

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.

A quick reminder to nobody specific; you can never have or be given an edge over the house. Don't get it twisted it has always been about the house over us.
-snip-

This is still gambling albeit that it has somewhat trading features if am to play I will maintain a gambling mindset towards it because that's what it is and nothing like doing trading about it. I'll consider this development in gambling as an amusement trading experience a more fascinating way to keep the fun going.

You're right, but we should take into account that in the case of exchanges it is the same: you have to pay trading fees, and also fees to withdraw. I would like to compare the probabilities to either win or lose in both betting and exchange platforms, but it is impossible to generalise due to the very different tiers and conditions between different services. So just a friendly reminder, again, that trading is not investing, but another way of gambling.

It makes much sense in all you have said except for the ending part.
Am not sure I want to dig into the debate of trading been as a form of gambling or not, but am certainly convinced that both are not same and not a kind of form to the latter. If we are taking the risk and uncertainty aspect both shares then maybe you could as well have just added investment also as a form of gambling for there's risk of loss and uncertainty with investment too. Just to call attention to a few clear difference in the two in terms of: objective, skills over luck, success is based on consistency in gambling consistency doesn't count for you making profits. Etc.

Gozie51

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Quote from: AprilioMP on October 17, 2023, 05:58:36 AM

Although I haven't seen how it looks, at a glance I can assume that the inclusion of trading features in a casino is an opportunity created by the casino amidst the player's gaming hobby. At first glance, this might be a form of implementation that trading is gambling. CMIIW
The trading features at the casino as intended are definitely different from trading on the exchange.

I don't think that is the intention of the casino or whether those whose casinos have such features are trying to proof that trading is much as gambling, I don't think so. What I think is that they have only encrypt or coded trading features like prediction of price to be gambled on and not that those on real trading are equally gambling too. But whatever it is, it is surely another feature that has been added to gambling bookies.

dezoel

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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.

That sounds like options trading. In options trading, you need to guess the short-term price movements of certain currencies or cryptocurrencies and you will get double (minus the service fee just like the house edge) or nothing based on the outcome. I'm not sure if it's the same thing in the casinos you've mentioned or not but the way you described it, it sounds like it. I'm also unsure if casino platforms are actually allowed to include trading features unless it is a game that resembles options trading.

And, it's not as easy as you make it sound because it's not easy to actually predict which way the price of a certain currency or asset will move next, especially when the timeframe is very short, like 1 minute or 5 minutes. I've done options trading and it might give you a few wins but you will eventually lose your money unless you are an expert with charts and stuff.

Fivestar4everMVP

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Quote from: Wapfika on October 17, 2023, 10:35:13 AM

Quote from: Negotiation on October 17, 2023, 09:51:47 AM

Trading features in casinos are actually not just trading games of chance but all probability games to assess the risk and return of the type of game you are engaged in. Because we do not have the ability to predict even if we are more confident about everything risk always exists even though trading is a gamble and we cannot achieve 100% certainty. All of them have a common feature that is future prices cannot be predicted with any degree of accuracy by analysis alone. Even if fundamental analysis and technical analysis are combined the problem of improving accuracy cannot be solved so trading is a game of probability from start to finish when included in the casino.

This is right. Most importantly this kind of prediction game on bc and rollbit is using a shorter time duration to predict result which means it’s very hard to have an accurate prediction since there’s no pattern to rely on while indicators on this time frame often result to failure.

The only way to bhave a successful run on this kind of game is through a manipulation in the crypto market while you open a position just like what cointelegraph did recently. Cheesy

What cointelegraph is totally out of the normal and whoever did that should get arrested and prosecuted, I mean, a lot of people actually lost money for no just reason. Like i said on another thread on bitcoin discussion board in relation to this same topic, it's just unfortunate that the market is not yet regulated, this is the only reason why whoever did that may likely go scoot free, outside of this, Cointelegraph should be in the hands of the regulatory authorities by now.

Coming back to what we are discussing here, I totally agree with the both of you, i personally think that before rollbit and Bc.game decided to implement the price prediction game, they must have done their homework well, to implement the game in such a manner that it will not be easy for gamblers to win, and i guess this is where the idea of predicting the short-term prices of this coin came from, as when we consider charts, technical and fundamental analysis, like you have said, its practically impossible to accurately guess or predict the price of a coin.

Wapfika

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Quote from: Negotiation on October 17, 2023, 09:51:47 AM

Trading features in casinos are actually not just trading games of chance but all probability games to assess the risk and return of the type of game you are engaged in. Because we do not have the ability to predict even if we are more confident about everything risk always exists even though trading is a gamble and we cannot achieve 100% certainty. All of them have a common feature that is future prices cannot be predicted with any degree of accuracy by analysis alone. Even if fundamental analysis and technical analysis are combined the problem of improving accuracy cannot be solved so trading is a game of probability from start to finish when included in the casino.

This is right. Most importantly this kind of prediction game on bc and rollbit is using a shorter time duration to predict result which means it’s very hard to have an accurate prediction since there’s no pattern to rely on while indicators on this time frame often result to failure.

The only way to bhave a successful run on this kind of game is through a manipulation in the crypto market while you open a position just like what cointelegraph did recently. Cheesy

Peanutswar

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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.

This is not actual trading instead its just the market prediction of the player after a designated time if the price of the coin will go up or down, just like hitting a flip coin of head or tails, There is no much occurrence of using the technical analysis or making use of the indicators just casual prediction, but you have an idea if the price of the coin goes up or down if you have a background of trading basics.

CryptSafe

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Quote from: ethereumhunter on October 17, 2023, 08:34:10 AM

I haven't tried trading games on BC.game or Rollbit. It seems interesting because it concerns our ability to analyze market movements. If we can analyze market movements correctly, we can win against the casinos. But I once saw one trading app that only guessed whether the market would go up or down in the next 5 minutes. But unfortunately, it is not the crypto market but the stock market. It also pleasures us because we can test our abilities in analyzing market movements, especially those who can analyze the stock market. Maybe later, I'll visit BC.game to see the game.

It is a good initiative for casinos to have adopted such and I see it very interesting too because it would help one fully develop their analyzing skills when it comes to crypto price prediction. With just little amount one can be able to do such and this would avail opportunity for traders to take advantage of the situation in learning and perfecting their live trade price analysis and movement. I think everyone should take advantage of this opportunity to build their price prediction skills and it would help for those fully into trading.

Negotiation

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Trading features in casinos are actually not just trading games of chance but all probability games to assess the risk and return of the type of game you are engaged in. Because we do not have the ability to predict even if we are more confident about everything risk always exists even though trading is a gamble and we cannot achieve 100% certainty. All of them have a common feature that is future prices cannot be predicted with any degree of accuracy by analysis alone. Even if fundamental analysis and technical analysis are combined the problem of improving accuracy cannot be solved so trading is a game of probability from start to finish when included in the casino.

YOSHIE

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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.

OP, if you have ever done Margin or Futures trading, of course you will find it easy to do with the trading features provided by Rollbit casino, remember that when trading on real-time charts, the risk of loss is greater than when you use stop loss.

For further information you can read below.
Rollbit: An Exciting Cryptocurrency Trading Platform Offering x1000 Leverage

Quote

All of the necessary features to place well-informed bets on the cryptocurrency markets are provided, including:

* Real-time charts with customizable timeframes and technical indicators,
* A stop loss/take profit function to lock in profits and minimize the risks associated with the fluctuations in the prices of cryptocurrencies. Users can select to exit a trade either by specifying a particular price or by setting a dollar amount of profit/loss, and
* The ROI calculator allows users to experiment with different entry prices, levels of leverage and wagers to view different scenarios and understand how their profit/loss will be affected.

The point is: crypto trading is the same everywhere, including at the casino you are referring to, provided you really understand and have knowledge in trading, otherwise don't even try it, the risk of losing is greater, but if you are an expert in crypto trading of course you can try it, trading at Rollbit casino, is not the same as spot trading.

iv4n

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Quote from: ethereumhunter on October 17, 2023, 08:34:10 AM

I haven't tried trading games on BC.game or Rollbit. It seems interesting because it concerns our ability to analyze market movements. If we can analyze market movements correctly, we can win against the casinos. But I once saw one trading app that only guessed whether the market would go up or down in the next 5 minutes. But unfortunately, it is not the crypto market but the stock market. It also pleasures us because we can test our abilities in analyzing market movements, especially those who can analyze the stock market. Maybe later, I'll visit BC.game to see the game.

Well, when you try it, you will see that there's not much to analyze, we are talking about a period of 15, 30, and 60 seconds. It's pure gambling, it's just pressing up or down and hoping you are right. In my opinion, this game is the worst of all lucky-based games... but it's just my opinion and my taste. Some of us played this game before, and I tried it at BC.Game, just for the sake of trying it and I am staying away from this one for sure.

ethereumhunter

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I haven't tried trading games on BC.game or Rollbit. It seems interesting because it concerns our ability to analyze market movements. If we can analyze market movements correctly, we can win against the casinos. But I once saw one trading app that only guessed whether the market would go up or down in the next 5 minutes. But unfortunately, it is not the crypto market but the stock market. It also pleasures us because we can test our abilities in analyzing market movements, especially those who can analyze the stock market. Maybe later, I'll visit BC.game to see the game.

livingfree

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Quote from: cabron on October 16, 2023, 03:41:17 PM

Quote from: livingfree on October 16, 2023, 03:24:48 PM

Options and leverage are actually gambling.

And choose whichever is the fun type that you're enjoying of this game. There could be unpredictable moments that you might hit it and you'll be proud of yourself because you just predicted it right and bet on it.

But it's also the quickest way to lose what you've got, so you just gotta choose and enjoy if you're into this. It's like a crash game that you'll never know when the pump will stop and when a dump will come.

With binary options, you only make about 80% profit for every bet but with leverage trading, you can make a ton of profit as long as you exit your position while the market goes in your direction.

Profit percentages of what you have mentioned are high for both of them. 80% as a profit is already a lot in terms of these features and trades.

Quote from: cabron on October 16, 2023, 03:41:17 PM

While I like playing the binary option, I wouldn't want to play on another casino. What I'm looking for is a platform made only for binary options just like the IQ Option. This however is not just for crypto thats why it needs KYC as well.

Yes.

That's also what I think is better. When a casino focuses on its service as a casino per se, that's much better. And if a service platform is for options or binary, then better to stay there with that service.

But this is how businesses goes, they intend to upgrade and add features that their customers might like.

AprilioMP

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Although I haven't seen how it looks, at a glance I can assume that the inclusion of trading features in a casino is an opportunity created by the casino amidst the player's gaming hobby. At first glance, this might be a form of implementation that trading is gambling. CMIIW
The trading features at the casino as intended are definitely different from trading on the exchange.

Topic: What do you think about trading feature? - page 5. (Read 784 times)