Re: Betting on Bitcoin price

~snip

True, I don't think bitcoin will ever drop to that level again. Bitcoins are hard to come by because of the halving. Also, let's consider that bitcoins has only a finite amount in this world. Hence, when the supply is low and the demands is high, it will just rise and will not fall. So betting at $500 will surely lose, just to discuss this wager.

Well what if it does drop to that level? Then we're all fu*ked! Was just thinking, That would mean we all lose, first because we have so much bitcoins (probably not all of us) then we all bet on it not dropping. If they do gamble at the $500 point and they win we all lose because the price of bitcoin dropped.

But the chances of that thing will happen is very very slim on which we could really able to say that it wont happen and our bets would be goes higher since we do believe on bitcoins price that it will go up.Doing binary options is very risky because even on 1 pip difference you will still able to lose up.

That requires you to be knowledgeable in bitcoin to succeed but if I were you, sports betting is way better than binary option. It's not easy and I guess trading is more simple and you have a better chance of winning.

I cant really say the difference between the risk of losing money in binary options and sports betting and as i observe binary options have the edge since we could always seek for indicators and charts that serve as a guide on moving price.It does really require extreme knowledge thats why trying out binary options without proper knowledge is the same on throwing off your money.You could check here http://www.bitcoinbinaryoptions.net/

that is true about almost all the gambling games that can be categorized as skill based, they all seem the same as far as the result goes. and also they are all the same throwing away your money if you don't have any knowledge about them (that is why they are called experience based games afterall!) but when you learn them they all becoming the most profiting games.

Making profits on things that really requires skills and knowledge is really possible compare on jumping or doing it without any idea on it but it would not still give us profits on constant basis there are still loses but the important thing that winning is more than lose which indicates a profit.Risk can be reduced by proper knowledge and discipline and you will need it on binary options.