Post
Topic
Board Gambling discussion
Re: Trading has become too much akin to gambling. Let's embrace it
by
Mahanton
on 13/12/2024, 20:59:16 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.
Actually its been already a while with these kind of games that you are trying out to predict the price of Bitcoin and other coins in the market, just like on what im wearing on my signature on which Rollbit does already have that kind of option on which you can be able to make up some bets on where price will really be ending up on a specific time duration on which simply shows or means that you can either win or lose basing up into your choice. It will really be just that too hard on applying some trading skills on this one because of short time period and which is why it is really that considered to be pure gambling on this aspect because it will really be just that too hard to predict on where it will really be doing. Some people do really find this to be that entertaining or something that could bring out that kind of leisure and thrill and thats why you do able to saw that there are still people who are really that liking to get involved with these kind of gambling specially on crypto price movement. Its been here for a while now, it is really just that its not really something that getting up too much attention or interest because only gamblers with having that kind of trading kind behavior are the ones who do get interested with these stuffs but actually it is really that quite entertaining on trying out to guess and predict on where prices will go, but for me on which i cant be able to bare up the risks because volatility is really that too much on very short time frame on which i cant handle it out.