Bitcoin Forum

Hello,

I'm looking for the bitcoin/litecoin binary options betting website. On this kind of websites you can bet what the price of for example bitcoin will be in 3 or 5 minutes. Can you recommend any?

Thanks!

Onehash (https://www.onehash.com/options) has this kind of betting but you have to make an account first. They also have it for other altcoin like eth and litecoin. The minimum bet is set to 0.0002 btc that's the default amount when you visit the page. Good luck on your bets.

IQ options, gogooption and IDS option. I don't play binary trading and those options that I said are the ones that I'm seeing here in forum, in social media and in google ads.


Yes that is binary trading/option.

You could try those two:

BTCBET.CC – Bitcoin price BETTING every 5 minute - https://bitcointalk.org/index.php?topic=2129512.0

gogooption.com-Bitcoin Binary option & Dice Site up to1000% reward houseEdge-1%   -    https://bitcointalk.org/index.php?topic=1906847.0

There was a popular site called secondtrade or something like that but it's gone.

If I'm not mistaken, if you'll try to look on the coming of gogooption, it was the time that secondstrade was gone. And the account of secondstrade here in forum was hacked by someone and I guess that's the reason why the owner decided to stop the operation of ST and now he open a new binary option which is gogooption. I have a feeling that it has the same owner and it's just renamed after the hack of account here or else there is some deep reason behind that change.

Oh I didn't know that secondstrade.com was gone, they used to have a signature campaign here. Oh that's why gogooption.com takes over. How about https://www.bitplutos.com/binary-options-2/, maybe you can try and see how things goes with it. Minimum is about .05 BTC.


Oh OK. Yeah secondstrade account was hacked and in about the same time gogooption comes to life. Probably is the same owner because the layout of the signature and the payment scheme is just the same as secondstrade.

I assume that they are the same people behind this two companies and look that gogooption popped out, secondstrade was gone. And their signature campaign was even the same, the rates, the rules and almost everything they are the same so kind of there is an assurance that only one person behind this. Well, did ericBcoins those the site where he'll play binary?

I think handling cyptocurrencies gambling might be a good options if playing anonymously. Gogooptions can be sustainable if playing in a fair games and I am not so certain if it will be sustainable for a long time, because rates were now being changes from time to time. That's why we still have to control the funds that you have, so that you will earn that lucky orofit and can be traded when amount increased.

I'm not familiar on BTCBET.CC website and the domain seems not familiar too. But I vouch on gogooption.com, besides that they are using a premium domain. their gambling site too is good and legit. I'll try a couple of times on there binary trading since FJ binary trading is disabled. But for me, FJ binary trading is the best, I hope they bring back that game.

I first started in binary options in forex before and pay was good because I can get up to 85% of my betting amount before and my mistake is that I am just a newbie who just immediately jump to this kind of game without thinking of the possibility that I may empty out my savings because of this. Being a newbie, I just depended to others and there are times when I win but there are more times when I lose. I may try it in cryptocurrencies now since I already have idea of how the market works.

Interesting, I never knew people will be interested in gambling on prices of other cryptocurrencies other than bitcoins. I can't imagine though how volatile some cryptos are and you bet on the prices. That's pretty scary to bet on. Though since bitcoin binary looks at it in the seconds then it is volatile too, but altcoins will likely be more volatile.

You can try BTCBET.cc , I have also registered there yesterday but haven't actually made any bet there. Will make few bets today when my deposit will get confirmation  ;D

I have seen lots of bets there recently and I think they will replace secondstrade soon, secondstrade used to be my favorite before.

You can try polo or etoro. Polo let you short or long btc. Whereas etoro let you own the currencies for a small amount of money. Bitfinex may also have margin trading and there is way more coins than just btc for you to play with.

I came across this on a sponsored ad on Facebook and I thought its a news service not until this thread that I know its really not something new and this option, I have tried it on binary trading before but it didn't end well that I lost everything and since then didn't go back there again. Maybe luck might work in my favor in the case of bitcoin and I guess it good to give it a try.

Iqoption allows you to make binary trading on bitcoin prices but few other in the list below are quite unknown for me, make your own search before getting into any of them
https://www.binaryoptions.net/bitcoin
https://www.bitcoinbinaryoptions.net/

https://www.betmoose.com/ and their bitcoin thread: https://bitcointalk.org/index.php?topic=645747

Here you can bet on anything from crypto currencies to games to news articles and it's fun as many people are participating and starting these popular bets. You can even start your own bet and 3% fee is charged from your payout.

Betting on crytpo currencies is really risky mostly i have seen people betting on the price increase if you are so sure then why not buy the coin and make profit instead of betting on the price and about 2 minutes would be a loss for the site the time is more always like 2 hours after the bet has been placed and in 2 hours lot of things can happen

I like this type of betting, I like when we bet on cryptocurrencies, I have already tried it  in Sparkprofit.com and tiql.co, which these sites allow to everyone to trade on the financial markets, there is a some currencies and also bitcoin, and some resources like OIL, gold and copper.

It's better to try your luck there.

I haven't played with gogooption since I don't have interest on betting with prediction prices. This will also give you a sort of trading knowledge on how you can predict the price of bitcoin. Maybe soon if I have seen people who are attracted with binary options very well and shares their experience with it then probably I'm going to start my own binary option career.

I think that there are many websites like that available online though most of the sites I know have already been posted by other people. I think that it is also good that you are exploring other sites what i can only offer is that you also have to see the reputation of the sote and if it legitimate.

I think it would be predictable what ever the outcome is because almost all prices are based on how bitcoin is progressing or diminishing. Even if there is, it wont last longer because of how it can be predictable.

yes, that is correct. If one is so sure about the price movements then should buy coins and make a profit. Because by chance if prices move in other direction in gambling you will lose all your funds but in trading, you lose only some % of investments.

Mian reason people go to these sites is they can get a chance to double or more within a short time so they are ready to take these big risks of losing their money.

Investing we need big amount, but to predicting and betting, we don't need more money. Just put some money on betting if their predictions are right they will get double profit in short time. So some people will bet on cryptocurrencies price. I think no one will predict 100% correct they just guess the future if it works they will get profit, or else they lose money that's it.

its a quicker way to grow your btc and yet a quick way as well to burned everything, some calls it as binary pairing but it should be
called binary gambling, its hard to assess where the fluctuation will go and some whales can manipulate things behind this type of gambling.

I think gogooption is the best for your needs. I don't do them because it's way too risky for me and I can earn more in sports betting. Be cautious to all the news regarding Bitcoin and other altcoins before you jump into that ocean.

I agree, if you hit the jackpot then you can grow your btc in the shortest amount of time, however for me its too risky. I see secondstrade or gogooption here but never bother to see what's its all about. And its really hard to predict the movement because its unstable and there could be entities behind that can manipulate it on their favor. I just stick to my favorite past time or gambling activity, sports betting against binary gambling because the risk is too high.

You are right but that site does not have internal functioning and you are basically gambling with other users plus the trades of bitcoin's price are actually long term and not for every 5 minutes - 10 minutes markets.

But thanks yeah this site is good to nonetheless and quite amazing that we can actually bet on anything without the worry of limited bet options.

If you're ready to take the risks and if you're so sure that the price may go up in the future then it's fine but be sure that if it don't work well on what you have predicted then you have to accept it fully. I don't bet on cryptocurrencies because I'm not ready to take the risks on losing money.

There used to be one named secondstrade but I am not sure if it still works because I heard the site was hacked sometime ago. But that said there must be some more gambling sites like that. One suggestion, whenever you gamble on any such sites please make sure how they derive their data because they can simply cheat you by showing false data and manipulate your wins.

Exactly it's better to make a investment in the actual coin as betting on the price is way more riskier than gambling if we purchase the actual coin rather than betting on it we can make good money not more than betting but risks involved in investing is less

I also use OneHash in binary options betting. They have got:

- Bitcoin/USD
- Ethereum/USD
- Litecoin/USD


Sometimes it's really easy to follow the trend of the price  8) :)BTC

You reply him perfectly answer, now he got a correct reply of his thread. Actually, i am only play gambling with bitcoin, and avoid to play other altcoins, but i think i also try to play in others altcoins only for testing, and it minimum bet 0.0002 btc is affordable then better to try it, and let start to play gambling with altcoin.       

Hey thanks for the links I was also looking for similar sites.
I remember playing at seconds trade and it was a decent site but never got too popular because of their limited abilities and optimum site design. I would love to see a site where we can make account and play. For the moment I like playing bustabit sort of games.

Is it just the same as secondtrade? just confused with this i thought it is a exchanges site but looks like this is a betting for movement of the price of the altcoin and bitcoin?
If this is the same as secondtrade that you can bet what margin you wanted ? i am right. just checking the site

I remember before there is a site called onehash which is cloud mining is this the site what  i am saying?

Honestly telling you, I have not heard of any such site and neither has even tried to search for them. The reason is simple because the idea never appeared in my mind before. However, I can guarantee that Google can give a long list of such sites. But I won't make any bets because the crypto market is very unpredictable. However, I know the BTCs are going to rise for next few days but still, I won't try this out.

If you haven't heard about binary trading then you are really new to the gambling scene. It really is an innovative idea of gambling sites to create a gambling game that would seem like trading but actually isn't. OP is looking for a binary trading game that not only bets on the price of bitcoins but some other coin. Volatility has really nothing to do in binary trading as it is based on the trading in seconds.

I think it is difficult to bet on cryptocurrecny as the price of coins changes every second and it will be difficult to make a decision of win or lose. Even if you decide on how to bet on coins, which exchange will you make a decision maker as all the exchanges has different prices. Also i have not seen any gambling website which allow digital currency betting.

No I will not recommend any of the sites which provide cryptocurrencies gambling, and the reason is that you will lose mostly. Most of the gambling sites are scams and there is no chance to make money on those sites. I ill just suggest you to work hard and make money legally in this campaign rather try to win big money in less time and in greed to win more money you will lose your hard earn money.

thinking to brave the bet on crypto with the hope that the price will be high in the future is a very courageous act. but if such speculation proves successful, this will raise an incredible fortune..
you do not recommend it for not taking the risk of cryptocurrency gambling, but I do not think there are any gambling sites that do scams ,, they all do it justly .. it's just a matter of time when the upcoming home games

Yes, I'm ever bet there if I'm not mistaken, the site name was updown.bt (they ever held signature campaign as well).
I'm admit that the game is quite addictive, able to make quick profit and quick loss also.

So do not gamble more than you can afford to loss and you've been warned !

I never tried to used that binary options website and I can't remember that they've held a signature campaign or I was still not on this forum by that time. Most of the binary options that are quite popular today are those sites that has signature campaign.

Maybe it was on year 2014 backwards? I didnt even heard such site because the site i do encounter which do have this kind of betting on crypto price is on fortunejack which you can able to find here: https://fortunejack.com/games/btrader/ .I have seen other site which are similar but i really forgot the name of those sites.

This seems to be interesting because it is more than speculation and gambling. It is more about identifying and doing research  based on the available information across the globe as which coin will rise in the coming time and to what extent. Charts also do come in the picture as you can know how the prices seems to tend whether upward or fall.

 

It is interesting but binary option is also just like gambling and it is completely different than simple crypto trading where charts and current trend matters.
In binary if market doesn't react in the way you have predicted for the time period you have selected you will loss all your bankroll while in trading you will only loss portion of your bankroll.

Well yeah you can win more often here but it is still risky. It's less risky than dice, slots or roulette games but it's still more risky that sport betting, where you actually can predict result, you can't really predict how price of some alt coins will change.

I agree that it's more than speculation and we need to be very firm with our decision here, but what I fear here is that there is a huge possibility of bot manipulation of the system itself to try and make you lose more even if you get in as well as "out" at the correct time but due to that one second manipulation, you lose your entire bet. The picturization is still not accurate according to my thinking because they really don't tell us which of the exchanges' average price they undertake for the purpose of results.

Whilst there’s always money to be made gambling I’d say this is a field that should be left well alone atm. Too unpredictable.

I didn't think that a site where you can predict price of cryptos such as bitcoin existed, but apparently such sites does exist.
Seems like quite fun to do, I think everybody likes to speculate (look at all the topics here on bitcointalk) and betting on crypto can give that extra fun factor.

If going to predict prices for very short terms then it is very challenging because no one can say how markets move. But as an investor and you can wait for a long time then you can choose some good coins to invest. But for gambling purpose to predicting prices for next few seconds or minutes very risky.

I'm new to this type of cryptocurrency prices, they have taken advantage of the volatility of the prices and managed to use it as a way to earn. That's smart. Predicting the price probably takes luck, and you need to be alert when something happens because the current news will decide on the amount whether there will be demand or not.

Too unpredictable but there are people who are earning more than forex and trading on this game.

You don't know what you are talking about, you're on the wrong thread try to read the original post before saying something. To quote it for you, this is what the OP says'

I don't know I was still not on the forum nor to bitcoin by that time. If only someone can give a legit experience about that.

EDIT: I tried to visit updown.bt but it never loads.

Don't think gambling is a way of earning because it is only based on the luck so you can't do anything while playing.The losing percentage of gambling is more than 80%.So think before you do anything but betting on crypto currency price is easier than the normal betting because the anonymous of bitcoin allows us to pay easily no information needed.Cryptocurrencies are the great payment solution for online gambling. Bitcoin gambling can prove this with its thriving industry and potency in the market. In contrast with conventional payment methods wherein long waiting times are needed to deposit and withdraw money, alternative coins made deposit and withdrawal processes fast and easy as 1, 2, and 3. The procedures of sending and receiving payments are just the same in doing transactions with bitcoins. Whether you are using Litecoin, Dogecoin, Feathercoin, or whatever alternative cryptocurrency you prefer, peer-to-peer technology is used.

binary option website which is held signature campaign maybe you mean is secondstrade.com but very unfortunate they are currently closed their service because i have tried visit their website but it was never reach to that site but there is not much casinos provide for this game because this kind of game doesn't so popular such as dice or poker even if there are several site available i think we have to do some research to ensure those site is legit

I'm pretty sure that Secondstrade rebranded.... they have had a pretty dodgy history here on the forum from looking at the their trust rating (https://bitcointalk.org/index.php?action=trust;u=381676). Long before the hacked account debacle, there were complaints about rigged options and violating their own terms on multiple occasions. I think the people behind Secondstrade are now running GoGoOption, which recently ran an advertising campaign on the forum.

I'd stay away from binary options, personally. At best, you are getting bad odds on a gamble where you can't possibly have an edge. I'd prefer to do martingale dice or online poker if I wanted to gamble with better expected value (with emphasis on poker).

Hmm, indeed like what you say the advantage is that we can believe but we can't know whether it is true or not. One main thing that can indeed provide us with the exact profit and not out of line there is analysis, which when we can do an analysis properly then the steps taken are the best. Because we will take steps in accordance with the existing results, stay focused and also self control.

As I already said, odds are very odd and they are not here to lose just like us.
For someone to win, many have to lose and that's how these sites pay their winners.
Just like you, I also like dice and sports betting because we know the outcome sometimes and we crack on them easily, but in binary options, it's easy for these sites to do some "molestation" with the system and show the price they want to show and you already know that people lose by even a single point as it's all been seen on a point-by-point basis. It's still better to stay away from such sites.

I really loved the idea of betting on crypto currencies the only problem was amount of choice most the coins available are not sufficient only the main ones live bitcoin, ether and few other coins are available, if they could add more coins it would be more fun and interesting. Nevertheless I'm sure in future this will be trend

Bitcoin binary gambling is quite difficult to predict yet it's was addictive to play.
As I know fortune jack ever also have binary trading so just make sure that you're prepare for lossing rather than winning. ( or you must select long term bet rather than short term betting type )

What is the difference between this and just but ng and selling the currency yourself? It would be the same thing wouldn't it? Maybe even cheaper since you wouldn't pay any fees only the regular trading fee which is about 0.2%? Unless this is just to make it faster? Esspecially with small amount you could make more bets then if you were trading each time. So to me this seems like arbritage.

If I understood correctly, in these betting if you bet any amount for example 0.01 BTC at certain price for next two minutes or any time site provides and if you win that bet then you can almost double your money within that short time and if you fail to predict correctly then you will lose all your bet amount. But in trading, you will make profit or loss only the difference in buying and selling amount.

OP can't re-invent the wheel, all that he's trying to do is the same as trading on the margins and so i don't know why he wants to give it a new name by describing it differently. There are many forms of stock, forex or crypto trading on the various exchanges which operate similar principles as this.

If you are going to do it manually, you need to have your own customers, which are the users of the currency exchange and that's hard to make them because they have to transact with you personally and that's going to be hard. If you are going to be in an exchange, it's easier, that's just my opinion. It's like trusting someone to trade hoping for a profit of some sorts.

well its still best to do it by yourself and you are correct inside exchange you can deal with same principle and you are in control of any possible movement after monitoring your trade it will show right away and you are not waiting for anyone is you who controlled everything inside the trade.

That's a different betting option. Here users won't get to be lucky to win big in a short as the price is completely unpredictable. No one makes a continued research about the cryptocurrencies price moves. These were almost similar to the sports betting, people get lucky enough to get a winning in unexpected time.

Yeah this will be a trend but I think it will not give you much more than a normal profit. Biotin is not like a normal profitable thing, it will make you more than your expectations. It has potential to go for more then why you are just betting in it and indulge in more risky option. Betting is not safe as gambling, if you want to make money then trading and investing are better options.

Yes, Whatever you have understood is right. If your predictions about the prices are right, you are going to get more money and your amount will get doubled but when your prediction is proved wrong, your amount will reduce automatically.

I am not in favor of gambling especially when your coin is bitcoin. Trading is hell better option for making money with crypto currencies than wasting them in gambling.

Betting on the cryptocurrencies prices is a hell fun indeed. But as you have stated the problem is always a limited number of coins offered for the sake of betting.

It hasn't become a common practice even yet but I think that the investors must try to increase the number of coins for betting purposes so that it would eventually be converted into a trendy matter for the consumers of digital currency.

Yup. Most of us do not have any idea about the fluctuation in the price of different cryptocurrencies. I have tried this method sometimes but always faced a loss. I think that betting about the famous currencies could help you earn the success as the rates of winning the bet become quite high.

In addition to it lower valued virtual currencies do not face any price fluctuation on larger scale so they could be considered as a chance to utilize for winning such bets.

and influence can be dictated in a small scale coins, betting can be fun if you understand or if you some insiders inside such project to the point that you can anticipate what could be the possible path accordingly, bitcoin make it good to use inside binary because bitcoin already have a large numbers of big investors so its hard to predict when the price will go up or goes down in such event.

There are different format of gambling, people play gambling in different ways. It is also a type of gambling, where people play gambling on the increasing price of crypto currencies. But it is not such a popular or regular gambling games, which we normally play for betting.

I also like the idea, but I do not know how and where we can play such gambling. Because in my area most of the gambler play gambling in casino and they even do not have the idea of crypto currencies, therefore I cannot expect that they will become ready so soon to play gambling on crypto currencies.

your right mate thats the best thing to do always check the sites reputation to know if its reliable and trusty,then the legitimacy for your capitals security.

And one thing never trust anyone unless you will do your iwn investigation about those sites thats been recommended above

I think onehash offers that option, and I'm not sure about fairlay, but I also think you can do that there. I would keep an eye on Spectre.ai though because they want to specialize on that area, and will build an exchange just for that, and they will also be decentralized if I'm not mistaken, so if they succeed they will be a reference in those kind of markets.

Instead of betting, you can start investing in cryptocurrencies market, which could be count as a very risky investment and almost as a gamble, and you also won't pay the same fee as you would need to pay if you choose to trade binary options.

Binary options is same as trading regularly but with an huge leverage, usually 100x, which you can reach from sites like bitmex, and pay a lower fee.
So I would recommend you to consider investing in altcoins regularly( without leverage as it is already a crazy market),or to use bitmex in order to trade with leverage which is extremely risky.
 

Recently one mobile app came based on this same topic. it's a trading app and in that app, some companies are listed in that bitcoin is also there, but other altcoins are not available. You can do other types of trading also, for example, oil and others. on FB and all that app advertisement will come just check it once maybe it will help you out.

Mostly those that are high valued currencies such as the ethereum and the bitcoins are available on the online gambling sites for the sake of currency price betting. I have also bet upon the price of bitcoins in the time of last fork but it cost me to lose about 5k dollars as the prices didn’t face a downfall. So, I think that betting on the prices of the virtual currencies is not less than a risk because they are a subject to constant fluctuation.

You didn't read previous comments, this is like margin trading, disguised thou! Why would anyone bet on crypto prices when easily someone can manipulate with them? If anyone us good in predicting crypto prices open account on any exchange site and you can buy and sell when ever you wish, its same like betting on prices on some site.
I don't like this idea, some pump and dump groups can close this casino in fast time, they will bet on crypto currencies that they control and they will win most of the time, casino will be ruined in short time.

Betting on the cryptocurrency price is becoming common nowadays. But the problem is that only a limited number of choices are available. The highly valued cryptocurrencies such as the bitcoins and Ethereum are being used in betting so the risk of loss is always great.

Other virtual currencies are not into the bet yet because their rate is lesser even than actually bet fund in the online sites. But, this industry would probably flourish with time becoming trendy all again.

Hi Eric. I bet you might be interested in Bitlogic.cc. It's a crypto-betting platform that allows to trade Forex, Stocks, Indices and Commodities using cryptocurrencies. You can also bet on Bitcoin price there (we're testing this feature now and more crypto-related instruments are to come). We've got sessions of 30s to 5 min for Bitcoin

Here's a link to our ANN thread:

https://bitcointalk.org/index.php?topic=2313271.0

I will be extremely happy to get some feedback from you on your betting experience with Bitlogic.cc

Well the volatility of the prices fits perfectly for making wagers. Its simple betting that can really be attractive to crypto watchers. Has anyone tried that yet though?

There are some moves that can really make some pretty good bet when it comes to betting on cryptocurrency prices. It does not have to do anyway with only Bitcoin and you can still do your analysis to predict where the trend may end up falling. However, it is still a very risky thing to do, but that is why it is called gambling. Everything comes with a risk and it is just to understand and accept the risk that matters.

As you said we can predict the price of the crypto currency by continuous analysis about that coin,so we can say the price is about something based on its demand.But there is no guarantee for that to happens and you may lose your bet too so understand gambling is only based on luck so only bet the amount which you can afford to lose and don't think gambling is a way to earn money.