Before I get into my question let me quickly explain what is STIXEX and how is it different so you can understand what I am talking about. Basically, STIXEX allows you to place bets on the color of the next candlestick in the price chart (BTC, ETH). If you predict the color correctly (red or green), you receive fixed 100% payout.

Anyway, I personally have been using STIXEX for more then a year now and I can say that it made my trading process a lot easier, but many people are considering it a form of gambling. I asked people on different chats (mainly on tradingview) why is it that speculating on the color of the next candlestick is gambling but trying to predict if the price of an asset will go up or down isn’t ? I came to a conclusion that majority of people considered it gambling just because you had to pick red or green, which associates with casino, that’s it.

As far as I am concerned, guessing if the next candle will be green is the same as trying to predicting if the price of an asset will go up. But, as I mentioned before, for some people the fact that you are placing a bet on red or green candle automatically associates with casino, while placing a bet on whether the price will go up or down is somehow associated with scientific method that can be utilized with the use of technical analysis. In my opinion its absurd that one method (STIXEX) is considered gambling while another is considered trading even though you can use technical analysis in both cases.

And if we really want to be technical about it, I would say that STIXEX method of trading is a lot fairer and safer. Here is why: 1) your profit and loss are always known in advance. 2) You can never be liquidated due to a flash crash. 3) there is no price spread.4) there is no slippage 5) all trades are conducted in crypto and you don’t need an account.

So, what do you think ? Is speculating on candle color, which is nothing more then expression of a price direction, a form of gambling compared to conventional day-trading ? Or both methods are  nothing more them different ways to gamble ?

Hi guys, I am trying to figure out different ways to promote a crypto project, specifically crypto options exchange/betting site ( https://www.stixex.io/ ). It allows people to place bets on the color of the next candlestick in the price chart, Red or Green, I made a post about it yesterday. Anyway, the team has been thinking about creating a referral program that works like a "pyramid scheme" but without a scheme In other words, you would activate an account with the exchange, this process requires no paperwork just a minimum deposit of 0.0103ETH (about $1.30 at current prices), and in exchange you would receive a video about this referral program with your reference number mentioned in it (initial deposit would be non-refundable). You would post this video on your social media and if anyone decides to participate in this program, you would receive 0.01ETH for each referral. In summary, you would pay 0.0103ETH which would go towards making a video that you can use to promote the program, and all the funds collected from new participants using your referral number would go to you. What do you think ? Please share you ideas how to improve it. Thanks.

Hello guys, a couple of years ago we opened STIXEX.io exchange which allows traders/speculators to place bets on the color of the next candlestick in the price chart (ETH or BTC). Exchange uses Binance price feed. It works kind of like options, if you guess the color correctly, you make fixed 100% profit, regardless of the size of the price move. STIXEX allows users to get some action when there is no volatility in the market and they can trade 1min, 5min, and 15min options. It’s fun and fast moving way to earn some extra cash and you can use ETH or USDT (ERC20) to trade. What do you guys think ?