Quote from: m0gliE on March 01, 2017, 06:26:15 PM

Quote from: 0xfff on March 01, 2017, 05:38:40 PM

https://btc-e.com/bets

I really don't understand this. They are letting you bet on what the price of bitcoin will be in 5 minutes. How is this fair at all? Could a whale not bet and then buy/sell to take everyones money?

No, that's more or less the same idea as opening a short or a long.
It's just made in another way so it's even easier, that's all.

I have to personally recomend btc-e as a very professional site, they have a very good support even if not the best volumes ever.

The time interval is so short though. Short/long is over longer than 5 minutes. I wish exchanges had more features but I don't like the way this "betting" is designed.