Post
Topic
Board Gambling discussion
Re: Trading has become too much akin to gambling. Let's embrace it
by
GxSTxV
on 12/12/2024, 21:59:45 UTC
Would you gamble on casino games that are based around the real fluctuations of BTC's price?
I also saw many games in casinos trending these days to predict the price of Bitcoin, especially with the hype and bullish market. It's an interesting mixture of trading and gambling and with how volatile crypto markets are it's not surprising that this trend is catching on these days with this market and Bitcoin reaching $100,000.

The way I see it, these new games maybe are good to people who are already into crypto trading but want a more straightforward and fast paced experience like binary options. Instead of going through all the complexities of exchanges leverage restrictions and regulatory that takes time, in the place with casinos offering BTC prediction games fast way straight to the thrill.
Personally the first casino I saw doing that is, RollBit with virtual futures that have definitely tapped into that market before many others following and copying their idea, making it easier for users to take high risk bets without the red tape.

Answering your question; now that I stopped gambling due to an addiction recovery journey, I know how easily these kind of things could make us go out of control but I for me personally I have made a promise to myself., even if these games blur the line between trading and gambling and for some that might make the risk even harder to manage.