Post
Topic
Board Gambling discussion
Re: Trading has become too much akin to gambling. Let's embrace it
by
mammusu
on 08/12/2024, 08:49:54 UTC
Isn't this a Binary Option?  Well, I think it is worth to try if any gambling platform where I play offers this kind of service.  I think if one is so keen on the Bitcoin price movement, this gambling on the fluctuation of price of Bitcoin will surely give that person an advantage.  This is like a skill-based gambling where the insight and prediction skill of a person is tested.
Yeah it's similar to binary option where you choose to bet low or high for short period of time.

I don't really sure if it's a skill based games because when the price just move like $100 or 0.1%, you could lose, the price movement is unpredictable, not to mention which sites that Rollbit use for their futures.

The price movement from one exchange to other could be different.
Binary options trading is indeed similar to gambling because it relies more on Speculation without in-depth analysis in determining the options we take, on the contrary, futures trading Requires a deeper understanding of the market and more complex analysis to deetermine the right strategy, but between the two trading options, I think Spot trading is the most appropriate trading option for us, because actually spot trding is a good first step to learn the basics of trading, including to understand how the market works and how to do technical and fundamental analysis, so that It can be a good capital if we want to try to do future trading.