Topic: What do you think about trading feature? - page 7. (Read 1187 times)

It can be pretty fun change for just regular gambling. Depending on the timeframe it also has an element of skill in it so its not complete gambling. I think Binance has something like that aswell, they have a leaderbpard for it and tournaments aswell.
Its pretty difficult to win a lot with it BUT the skill part makes a difference there, ive seen people with 70+ wins in a row

It is convenient to have a trading feature if the casino does not merge the deposit in different coins.  Instead of using  external exchanges in converting coins, it is a breeze that we don't need to withdraw the transaction and pay a withdrawal fee just to convert our coins into different coins.  So I look at this feature as a positive one that can attract users to use the platform.  Aside from that, this kind of casino-exchange enable gamblers to take advantage of the volatility of the coins and give an option for the gambler to take profit from trading.

This game is very intesresting to play and more addictive then crash game we see on every casino, if this game was liked by many players, then surely these game will be seen on more casinos,
but this type of heavy games make casinos slow and lag sometimes, I recently visited rollbit the website was taking minutes to load properly.
Also it is more like trading tradional currencies on 1000x leverage, but currencies are safe because they fluctuate very small points, but in crypto it is far riskier then currency trading and that also with 1000x leverage.
enough leverage to wipe you out in a fraction of a second. but the game is fun to play

I also played it for the first time on Rollbit. They were super new on the forum when I joined the casino just to try it out. It was the only game that attracted me since other games like slots, in House crash, and others were already my favourite from other platforms. The trade prediction game is fun but it’s risky in terms of probability of winning. A small error of margin can lose you money but if played with accuracy then you can earn many folds. I don’t think I’m playing it again since I got too lethargic about it. When I play slots for example there are many things happening at the same time. The slots moving, lines getting created, symbols getting arranged and there is always excitement about the jackpot and free spins. So changed my attention quickly from trading game. It’s more or less below arcade category.

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.

https://twitter.com/rollbitcom/status/1713919556568113503?s=48&t=F5IdUjmynVsWUR2SppNwyA

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.

This is not any trading strategy i talked about, we use trading strategies for real trading which involve data analysis. here we need to bet where the price will be going in next 10sec.
Here my simple view was that we have a little more chances of winning because that char move like this /\/\/\/\/\/\/\/\/\/, so we can mostly predict the right move for next 10sec,
I know there are the house for a reason but maybe they are trying this trading feature for testing it, so we can take it's advantage if casinos don't have enough data.

It's not a trading feature per se, but rather a predicting game wherein you guess whether the price will go up or go down in the next X seconds. It's still more like dice wherein the chances are 50/50, and if you know the market well, you will have the edge as you can make informed predictions rather than trusting blindly to your instincts or to your gut feeling. It's a nice game, but players should understand that this is not a trading feature in itself and you can't trade your coins in it.

I agree with you, binary options trading isn't trading at all but a type of gambling. No one is smart enough in trading to get perfect ups and downs and in binary options trading we have to guess instead of having any strategy. In fact most of the Binary options brokers are known for their shady ways that allow them to manipulate the reds and greens in order to ruin traders trades and they are known for such shady manipulations.

I hope that something like that may not happen with the similar games that bc.game offers but it's similar in nature then best of luck to get ruined. I will once again say that such kind of trading has nothing to do with the trading that we do and it's just another pure version of gambling thing that bc.game added on their system.

This reminds me that in the past when I wanted to learn how to day trade I didn't know the difference between binary options and day trade, so I had the misfortune to enter a binary options website which is what OP is talking about, I put 5$ and I was trying to predict the movement of the price, what is the closest thing about this and that there is time that the person chooses, so I no longer remember the time that I chose, but it was a short time, because with that I thought I could get it right more and have few mistakes, but I'm wrong, that's because before I practiced on the demo account. but in the real account things were very different

when I put the option up and put in a few minutes, I saw the price rising but when the minutes were almost up the price dropped a lot and as a result I lost, so I put in another 5$ and lost, again I put in another 5$ and I lost, I was losing like that for a few weeks and until I told myself it was time to stop doing it, I wouldn't be able to win anything. and that was my experience with binary options

To this day I remember that bad time, I definitely wouldn't play that, and I'm wondering if anyone can really win, it's funny that I've seen many scammers lying that they have bots capable of bringing profits with binary options, but it's obvious that they are lying. but I wish luck to people who want to play this on Bc.game and Rollbit

I feel like this is even more random than normal 50% betting because when it comes to small moves, coins are usually unpredictable. When you look at the nearest 0.5% move on bitcoin, it's often completely random depending on a single person's choice to buy or sell.
I don't know much about these trading features as I haven't tried them, but I'd rather play my normal game with a random seed than bet on something like this, but some people feel like since this has ties to real life prices of currencies or stocks, it's more predictable and less prone to cheating.

This is going to be a nice feature and that will be an advantage for already existing traders because they can analyze easily on the up or down of the market and bet on it, it will not be like real trade that profit is really difficult. I should take a look at it hoping the odds will be right for good potential winning. I believe it will be gambling and not trading, you just have to analyze and bet normally like other games but predicting the direction of price, whether down or up based on the price mark

I think including the trading features in a gambling site can be good for some people but it may not be liked by some gamblers.

There are people who are traders and they are gamblers also and if they find that trading can be done on the same gambling site, it will be a convenience for them but on the other hand if someone is not a trader then he may find trading as an abnormality or burden in the gambling site.

You just cannot keep happy all the people so I think the gambling sites can take this decision on themselves that if they want to include the trading or not.

Binary is more or less gambling so for such i wont be surprised to see the feature being implemented on Bc.game or any other casinos coming up with the development, sometime it hjusta a line between gambling and trading and the two can co-exist without any form of a problem and is a good addition to the catalogue of exchange.


I have experienced a few casinos that auto-swap the client's balance to whatever currency that the gambler decides to use to withdraw,  so with such development in place, having this trading feature won't be far from activation if the team really want to implement it.

That must be a programmed price action, same way the cards and roulette are all programmed, gambling will always be a game of luck, you can only be in luck if the trends goes in your favor, but note that luck will not always be on your side. They’re other platforms where you can go trade your features proper. I even doubt if the price action correlates with the actual market price action. Since it is programmed to a certain pattern you can give close eye on the pattern movement to be able to predict. You can’t be too sure since it’s a game of luck so, there’s 50/50 chance of winning the bet.
   But if really you love the game and fortunately to be crypto inclined and you know how to read and interpret the candlesticks, then it gives you the upper edge to play the game because you will use the concept of trading to the game. But still better bet what you can afford to lose, because you can’t trust a programmed trading algorithm. Every reward they must be a risk to take.

Gamifying trading experience with 1000x or something as stupid leverage was to be expected, but i still prefer real trading. Even with 100x it has always been a gamble and 1000x in reality you would just lose it in the gap between buy and sell walls as in order to win in that, price would need to go only up. There's really no buffer space like people usually have in high leveraged trading.

That being said. I don't hate it. But even crash gives better feeling on what leverage trading is like. 1000x is just too much for anything but luck. Hence the casino hosting it.
 

If Rollbit I know they have been around for a long time with futures trading but for BC.Game I don't know maybe it's currently available it's just that I rarely visit their casinos - more like ride games than futures trading or called guessing prices with a certain time.

Yes maybe this gives the casino an edge because otherwise they might not hold this game, clearly the game has been in great demand among traders especially with the likes of futures I think this will resonate with them.

Honestly, it's very rare to do this game, it's just that now it's becoming a big deal because Cointelegraph made a huge profit through this game at Rollbit casino with his fake news action.

It’s actually a type of trading which called options trading or binary trading that you bet on the price of something at the given time duration. I believe the closest game to this is the bull/bear game on pancake swap which user place a side long/short based on the mark price.

This game is really exhilarating because you win or lose even on the final seconds due to the volatility of crypto. This very rewarding if you place bet on a side that had few bets on it due to increased of multiplier. I’m not sure exactly how rollbit payout but the pcs bull/bear game has dynamic odds.

Few new projects are basically existing because of this idea OP is talking about, for example a project called Guessonchain, I don't know if this project will survive but the idea of earning on your prediction makes it fun and even better than slots and poker games, because you aren't fighting your chances off the house in casinos, it's just you and your answers.

I do think it's a bit comparable to trading, since it's all about price action but it's still different, predicting on what Bitcoin value will be in the next 24 hours is not the same thing with using charts to follow price actions, you have the chart and the tools available, it's why gambling is a bit comparable to trading too but not exactly the same, since they don't work the same way.

Gambling requires your luck more than your skills and trading requires analysis and skills to beat the market and make money, I will always choose trading over gambling for this exact reason anytime.

It’s still the same. I don’t see any advantage knowing the price going up and down if you don’t know exactly when will it happened. Also there’s a lot of wild price swing on crypto market so it’s impossible to take advantage on it. It’s still gambling as far I know. Casino will not offer this kind of game if they don’t have an edge over it.

We are still guessing what will be the next move of the price so we are not really on advantage here.

I haven’t seen this game but it doesn’t sound too much different from trading the BTC price only maybe made a little easier with a fun interface. I can see how traders could get addicted to a game like this. Seems like once enough bets go one way then the game would cause them all to lose, so I think I’d rather stick to trading without a middleman.