1. Interesting point, but you  forget that with stixex you can always "roll over" your position and also claim that $20 is only lost temporarily and as soon as the price recovers you will get it back.

2. the whole issue with you was that I was an owner of the exchange and that's why I was successful trading on it, implying that I can somehow manipulate results. But that is not true, because I am not the owner and results on stixex can not be manipulated since STIXEX does not provide pricing, it takes it from Binance. Have I ever promoted STIXEX before, yes, just like thousands of people participate in referral programs and promote Binance, does that mean that they are part owners of Binance? But once again, this post was not about it, yet you somehow can't let it go, if you want to discuss promotion then you can comment in my other posts that you yourself just quoted from. This post is about whether candle trading is the same as gambling.

1. Only the amount that you bet is gone, not your entire account and you can bet as little as $2. Just like in normal trading, when you place a stop and it gets triggered, you lose that amount. Actually, in normal trading you can lose more then you planned due to slippage or a flash crash, on STIXEX that is not possible, so its safer from risk management side.

2. I used the name of the site because that is were I trade and that is the topic that interests me. If I were to trade on Binance and call myself Binance trader would that mean that I own Binance ?

3. OK, so you opinion is that placing bets on a candle color is a form of gambling, but trading on up or down price isn't, that's great, that's what I wanted, peoples opinion.

4. I don't know where you can view if its legit, I guess you can search online to see if you can find people who had problems with it, or you can contact STIXEX itself and ask questions. I've been trading there for a long time, I have not had any problems.

Like I said before, my point wasn't to educate people about STIXEX, plus if you wanted to check it out you could of just googled STIXEX. But if you need the link, its www.stixex.io

But most importantly, my original question is about whether guessing candle color is the same as trading or more like gambling. Yet for some reason you are obsessed with the question if the platform is legit or not, that's not the point here and your opinion about this part was not solicited. Please people, I would appreciate if you could stay on topic.

On STIXEX they use Binance price feed so there is no risk of exchange manipulating price, and the best part about STIXEX is that there is no price spread or slippage risk.

I've been trading on nothing else but DEX's (Oasis, STIXEX, etc)and I am quite happy, except for the times when ETH network is overloaded and fees go through the roof. But when volatility is high, for example on Oasis,there are many profit opportunities to take advantage of due to massive price spreads, you can't do that on conventional exchanges.

Well, maybe I am not a shill and that's why I did not provide any links to the platform so as not to promote it ? Plus you do not need to visit the platform in order to answer my question. I am glad you can read people's minds. Good luck !

I trade on STIXEX, it is a mix between binary options and trading, best of both worlds.

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 ?

Thanks for the input, I need to get back to the drawing board then. and try make some changes.

what you say makes sense, so now I would need to figure out how not to ask for deposit and at the same time prevent fraud. Quite a dilemma.

Thanks for the opinion, do you have any ideas how this evidence could be provided ? For example, if you were to participate, what evidence would you need ? Because since the platform runs on blockchain all transactions can be checked, so anyone who participates in the program can try to pretend to be a new referral and check if platform paid them.

supply limit ? There is no limit on ETH supply

you have to read the entire conversation from previous comments to understand, but without a fee it would be very easy to abuse this system.

That's why a small fee would alleviate the problem of people trying to scam the program. VPN is irrelevant in this case since in order to activate the participation you have to open an account with the exchange (as I mentioned in OP). And the only way to activate account is to make minimum deposit of 0.0103ETH. If I would not charge this fee then people could easily collude to take advantage of the program.

the video is in part like an invitation and it would explain what STIXEX is all about, and how referral program works.  And you could only join the program if you enter reference number that you saw in a video. So if you, for example, saw a video and decided to join, you would go to referral program website and enter referral number. This number would belong to someone who already joined and promoted this video. So once you join by entering the reference code, the owner of that code would receive 0.01ETH. And after you joined, you would also receive a video, custom made with your own reference code that people would enter after seeing it.

You make a good point, I was just trying to figure out how to make sure that people will try to promote the site after they receive the video. The video has to be made individually for each participant because each video has to have referral number that is unique. Paying a small fee would show the seriousness of the potential user and would serve as some sort of guarantee that they will post it . Otherwise we might spend a bunch of time and resources on making videos for people who might forget about it the next day and never even upload it to their social media. I have to do some more thinking.

no, I am not selling a guide how to get to the referral program, the fee is to cover some costs of making a video for you which you can use to present referral program to others. This symbolic fee of slightly more then $1 is to make sure that users at least will try to promote the project and not just receive the video and never use it. That video would mention your referral number so if people watch that video and join the program using your referral number, you would get paid. As for using the phrase "pyramid scheme" its just to explain the concept how it works, of course there is no scheme, but I understand what you mean. STIXEX exchange has been around since 2018 so its very unlikely that it would scam someone for little over then $1

This is not an ad, referral program that I am talking about doesn't even exist yet, I was just brainstorming and asking people on this forum what do they think about it. As for video, it is part of the idea, why would I make a separate video for it ? As for other users who use the platform, you can check it on etherscan, since all deposits are recorded on ethereum blockchain. Why not hire marketing expert ? Because most of them are overpriced and results are usually sub par.

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.

you are right, it is similar to binary options, except I don't think binary options pay 100% on crypto speculation, but I might be wrong.