Bitcoin Forum

Why Gambling sites don't offer betting on bitcoin price ?
Like whether bitcoin will go up next hour or go down and stuff like these?

https://i.imgur.com/cjtZ4Eo.pnghttps://i.imgur.com/zssN9DA.png

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Do research and find more (https://www.google.com/amp/s/punchng.com/best-bitcoin-casinos/%3famp)

Do some research by yourself next time before ask simple question that is everywhere online.

If you asking about bitcoin price that is trading the price of bitcoin. That is for trading sites like binance. You can move thread to trading discussion for answer you ask.

Actually there are some betting gambling sites that offer this kind of gambling.

Have you checked out Freebitco.in? You can bet there on how much do you think the price of bitcoin will be at the end of the month.

Also, isn't this just the same on other trading platform where you bet on long or short?

You are looking for Binary trading and I think Rollbit has this kind of game before but I’m not sure if they are still offering right now because exchanges is the one who offers this game now through there option trading. This game is already under trading which gambling casino already not interested anymore to compete on exchange since that is not there main area of games.

Options, Binary and Leverage trading is the activity that you are looking for that has this kind of mechanics. I hope it will helps you.

I can also suggest FreeBitco.in: https://bitcointalk.org/index.php?topic=320959.0
FreeBitco.in is known for its huge following and has been active on this forum for many years. It does, however, offer a slightly different betting section than regular bookmakers.

Aside from this, you can also try Rollbit's gamified crypto trading: https://bitcointalk.org/index.php?topic=5326640.0

That's binary or options, cmiiw.

There are sites that do offer that and if you've got time to search for them, you'll see them have it. And for the gambling sites that don't offer it, it is basically not their niche and that's why it is not on their books.

Also, if you want to get on this type of thing. Just go with the exchanges that offers futures/margin trading.

Are you talking about this type of betting which is being provided by freebitco? Although they don't allow you to bet on bitcoin price on shorter time frames. Rather they only have the option to bet on bitcoin monthly price prediction.
Besides bitcoin, they give you option to bet on Ethereum as well as their own native Fun token.

https://i.imgur.com/iyi15qZ.jpg

https://freebitco.in

I do not know the reason why gambling sites do not give this kind of betting, probably it is still regarded as trading, that could be the reason why it is offered by trading sites that are specifically designed for it.

To bet the direction bitcoin price would be, that people can regard not as trading but as gambling, it is offered by some brokers. For bitcoin, it is called bitcoin binary option, you can also gamble fiat with it.

Most gambling sites do not provide this option, but maybe later some gambling sites can start to include it as it seems more as gambling, but offered by binary option trading sites.

Click in this link to know if it is of help: https://www.binaryoptions.net/bitcoin-binary-options/

Some people said freebitco have the option, but not in short time, but in a long time like months, maybe you can try it. If you need the ones that can be in seconds, minutes and few hours and months, you should go for binary options trading sites, some of the site are listed on the link I provided above. But be careful, I do not like binary option, I do not know how trustworthy those sites are, do more research about the sites.

I guess you didn't know there where gambling sites with such options because it is not a common option amongst gambling sites. All gambling sites have their freedom of options to choose which games or things people can bet on on their platform, there is no fixed rule that all betting sites must feature the same things, hence the reason why only a few of them eg "freebitco.in" feature betting on bitcoin price.

Have you searched around the forum or do you wanna just watch the bitcoin prices to know how it moves?
Then i will refer you to check on CMC maybe you can track check the prices as it progresses. I noticed you have been here for long since from 2016 and i suggest you should know more now instead asking questions where it doesn't belongs to.

There’s a lot of site with this option, you just need to do some research though majority of the site don’t have any betting option with regards to the price in the market. There’s an option before that turns out into a scam and maybe, gamblers don’t want this anymore. Betting the price is fun as well, but on this option it can be more predictable since you can analyze the price just like how trading works and this could be one of the reason.

I think this is different from trading because in trading, there are pairs or two different coins which are involved but in gambling you will simply double your money if you win but you will still end up with the same type of coin. Trading is also faster while betting on the price will end on a specific time but I know it wasn't instant.

Trading can still be linked in gambling because of its high risk but trading is more on skill because you have different features to apply on your trades not unlike to betting on the price where you can only choose a price or input your desired price and do nothing after that but simply wait for the results.

Rollbit had this market before though I think they no longer offer such due to the lack of interest from the general gambling peers. Binary options are still a thing although it's not something you can find on a gambling platform anymore. It has been on dedicated trading platforms and I think it's best to be that way since the focus of gamblers are not on the price of bitcoin anyway. It's a completely different realm from your regular gambling games that you can find on a casino.

It seems to me that this kind of prediction does not bring enough pleasure to gamblers. It is much more fun and excitement to play slots or poker, besides if you want to play first cryptocurrency price prediction you can do it on one of many centralized exchanges just by buying and selling coins depending on your vision of market movement.

it is unfortunate that with so many binary option in BTC that turned out to be scam, users will be skeptic in using it.
binary option was very common back when secondstrade was very much active. i think because of lightning network, binary trading could have another chance for gamblers to bet on.

in rollbit, is this they call crypto futures?

Rollbit have this option, other site like freebitco.in also have this one.
I just don't know if there's really a demand for this since the price can be predicted using the chart analysis and if you are good with that you can probably win a lot of money on this kind of bet. Prediction is short period of time might be more easy, many site don't have this feature. Many are still used to bet in sports and other gambling games, the interest for price prediction is quiet low because for sure, it requires a lot of work before you are able to bet and predict the right price.

Yes, as others have pointed out, this could be binary options.

But I'm not sure if this website has this kind of offering: The future of forecasting. (https://futuur.com/) They used to have a signature campaign in this community as well in the past.

Maybe the OP can also look at it besides what the others have suggested already.

You can try to look at the freebitco.in site because the site has bets on bitcoin prices and you can use bitcoins to bet. As an old and reputable betting site, freebitco.in has been offering this for a long time and maybe you haven't researched much so you don't know this. But as a hint, you may only be able to predict how much bitcoin will cost without knowing what will happen next.

Not only freebitco offers bets on the price of bitcoin, there is also a blitzionaire game based on online bets on the current price of bitcoin, I'm not saying that the game is decent, but in any case, the developers have implemented such a betting option in it. :)

Since you want stuffs like that, you might want to check the "Futures" features on some trading platform.

Binance is a popular exchange that introduces "Futures Trading". For more info, you might want to check out the Futures section in the Binance platform. Just be careful as even how wonderful profit in Futures Trading, if you don't play it right, it can wreck your funds. Just to clarify, Binance is not a gambling platform.

Regarding the suggestion of others to check Freebitco.in, I think the betting about Bitcoin price there is more of long-term prediction like what the price on the specific date etc. and not the usual binary options that OP wants.

In addition to the gambling sites quoted above (Freebitcoin and Rollbit), one big sportsbook is also offering bets on Bitcoin price: Sportsbet. Unfortunately odds are usually only interesting if a bull run has happened during the month to date.
To find it you must go to Sports Specials > Future

https://i.ibb.co/1XwKd2p/image.png
https://sportsbet.io/sports/sportsbet-specials/matches/future

Actually, there is a gambling site that let you bet on bitcoin price like futuur and freebitco.in and more. It seems you didn't know about freebitco.in and futuur having these options to bet wether the price of bitcoin will increase or decrease this month or something like that. I did bet on futuur before and also in freebitco though I don't think there are a lot of people who wants to bet where you need to wait longer before the result is out.

So you do say about betting on Bitcoin price movement?
You could actually try it out on Rollbit.com
https://rollbit.com/trading/BTC

You cant just only able to trade or make bets on Btc price movement but also in other 14+ altcoins price as well
which it is really an interesting thing.

Yes I think what Op is asking for is not about trading the bitcoin or bitcoin paired with another crypto or fiat currency just like it is in exchange or forex broker's platform unlike straight gambling like betting on the price of bitcoin directly just like @ jostorres said, to double your money or have some percentage added to your original coins same in bitcoin and not in any other crypto or fiat currency. I understand that as what op enquiry is.


I think this could be like what he is asking for and I don't think Forex brokers bet on that and this looks gambling because trading isn't gambling.

I think op is just skeptical on whether there is any gambling sites that offers future bet on Bitcoin price whether on a bull trend or bear. His questions seems to relate with trading but nit withstanding, all these sites you have mentioned offer bets on Bitcoin price direction which is quite obvious.

Bet on Bitcoin price do look like the normal future trading on Bitcoin price but this one is always like a pool where gambling place their funds on a particular price Bitcoin would certainly reach or exceed over a particular period of time. Gamblers always bet on what their speculation could be.

Gambling sites mostly involve to play games and earn money. There are exchanges if you want to bet on coin prices.
Trading is similar to gambling where you just have to make the right bet on the coin to earn money. I think there's only freebitco.in that allows us to place bets on cryptocurrencies.
Apart from freebitco.in you can also try betting on bitcoin price on binance which is an exchange. You can try the battle option on binance.
You would have to either go long or short and start your battle and if the price moves in your direction then you win otherwise you lose.
You can also try options trading on binance itself if you want to bet on shorter time frames.

There are some forms of betting on the bitcoin price, eve here on the forum. These are usually predictions games where you can try and guess the bitcoin price at a fixed point in the future, usually the 31. December. The games are mostly setup as raffles and you can't really place multiple bets. But if you only want to bet on the bitcoin price going up or down, why not buy bitcoins directly? There is no need for a casino to do it and you don't have to pay additional fees. If you want more exposure you can buy or sell futures.

Maybe people want to bet on Bitcoin's price because it requires the least amount of time and knowledge? Buying Bitcoin directly requires you to know the market and the current trend. Sort of like an investor considers and outweighs his investment before going in. Future trade is similar. Require a certain amount of knowledge about the leveraged, liquidate risk, reading chart to make a nice entry point,... All seem like hassles to some gambles that just want to bet on Bitcoin's price because he's feeling lucky.

Looks like OP did not do enough research as there are many sites that offer this. In some cases it's considered a form of trading, which I find strange because betting on the price of bitcoin the way ETFs do it is not trading but gambling in its puest form. You bet money on something you can't control that is decided by a random factor like the fact that Elon Musk buys or sells his coins or Do Kwon buys or sells. You cannot call this trading because it depends on a rich person's choice, not a general market trend.

FreeBitco.in site are offering batting like this. but i think you can get more better performance in future trading on centralized Exchanger like Binance to enjoy and earning / lessing a huge amount in short time like gambling ,by Using target buy long/sell short with btc price up & down

Some players aren't aware that there are prediction games that exist. I've tried it once and I find it too risky but exciting at the same time. Future trading is way riskier because it's not like you're betting but it requires skills and knowledge for you to be able to deal with coin's volatility. The possibility of liquidation is too high. You better do a lot of research first because futures isn't for beginners.

When bitcoin was new, that option was readily available for many gambling sites, but if I'm to be a gambling site owner, I will no longer include such bets because exchanges do them better in the name of trading. Everyone should focus on what they do best, for crypto price betting, leave it for exchanges. That does not mean it is not done in sites like Freebitcoin.
Op, anything you can think of, there is possibility that it already exists.

I think there are many gamblers out there who gamble for entertainment purposes. According to you it falls under the  trading, yes I agree that futures trading is a lot like gambling but I don't think it needs any suggestion in place of gambling. Gamblers may not have the knowledge required to do futures trading.  And gambling is not only for making money but also for entertainment.

There was a time in which binary trading like what the OP is looking for was everywhere and there were many casinos which offered that kind of game, I do not know if this stopped simply because it became unpopular at some point and exchanges took all of those customers away, or it is possible that this is classified as a form of trading and their casino license does not allows them to offer something like that and they had to stop providing those games.

I guess you need it too before educating someone or someone's question. What op asked is existing in a kind of gambling game, you can read again what other posted above.
Although this kind of game looks like not that popular it is indeed still a form of gambling game.

It is also entertaining to have some bet about the future prices of Bitcoin and OP is asking if there’s a bet like this. Some site offers this kind of betting option, and those who predicted the correct price will get a win though I doubt that the exact price can be predicted, maybe if close enough you can still win. The interest for this kind of game might not be good and that’s why some site didn’t offer this, and beside many knows how to analyze the price trend, this can be more easy to win once you analyze the price, betting the price is quiet predictable.