Bitfuturex.com has created One-Day Trading System, I would like to know your opnions about the system.
Is this good for Trading? Trader can make strategies to make profits in this system? It is new, we are not discussing the platform but the trading system.
How One-Day Trading System Works
You trade if Bitcoin price goes up or down in exact 24h period, Bitcoin price valid for your trade is collected in the next record price(00:00) and compared 24h later with the next price record, algorithmn compares if price is higher or lower from previous price, loser pool funds are shared equally with depositors from winner pool, 2% fees.
Depositor Bitcoin address is displayed in pool's list after next time record 0:00.00 hour(UTC + 00:00), deposit must had at least 5 confirmations before reward be paid,
I'm not so sure if this one called trading, And I think its risky to deposit any amount on the Bitcoin address in the site platform.
in short, there is danger if you try to deposit in any address to their platform, which is you are gambling your money in it.