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 price record(00:00) and compared 24h later with next price record, algorithmn compares if price is higher or lower from previous price record, loser pool funds are shared equally with depositors from winner pool, 2% fees.
Depositor's Bitcoin address is displayed in pool's list after next time record 0:00.00 hour(UTC + 00:00).
Please give clear and direct what did you want to show for you trasing works, all traders they trade even bitcoin price is up or down everyone have an own strategy and instinct how to avood risk in trasing and to earn profits.
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no my friend thats called gambling, its the normal coin flip bets you can find on alot of gambling sites with dice for instance, no one can predict the price from day to day its impossible anyone telling you they can are lying, this is just a coin flip bet win or lose
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I actually thinking that way, too. It is not actually trading but a typical gambling. Sharing price pool is somehow associates in gambling and not in trading. Your explanation is a bit vague for me. The best you can do, if you want to become a day trader or a scalper, consider other trading platforms and other websites aside from the one you have mentioned. Try bitmex instead.
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That why I ask to OP explain it clearly because is more like gambling than trading.