Bitcoin Binary Option. Is it gambling ?

[Digitalbitcoin]

I am a bitcoin fascinated and wanna know is bitcoin binary option is gambling ?

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[enhu]

its somewhat trading still but sort of a gambler's game as you get to chose just two option either up or down ward in a given time frame. binary trading isn't about how many pips but its about which direction the trend is going an by that I see it a trader's game still.

[MonsterV]

Perhaps everyone has a different view, but I think personally Binary Options one form of games with prizes and it is tantamount to gambling especially using the money to be able to play the concept is simple, put the money and then wait for victory or lose

[phibay]

binary option is like betting whether the price will go up or will go down.

betting is gambling so i think binary option will be considered as gambling

[bering]

i had see Bitcoin Binary Option sites is secondstrade here and i think this rather similar dice game and i guess yes i can considers that kind is a gambling

[shintosai]

it is another form of gambling because you are predicting what will be the flow and what will happen, but sort of trading because unlike to gambling theres a lot of ref coming from the web that you can study first before you predict a  big possibility of earnings if you do have proper knowledge with regarding to it.

[Digitalbitcoin]

it is another form of gambling because you are predicting what will be the flow and what will happen, but sort of trading because unlike to gambling theres a lot of ref coming from the web that you can study first before you predict a  big possibility of earnings if you do have proper knowledge with regarding to it.

I Agree. Bcz If we know about market condition and situation then its win win situation for user. So I had that question that can it called as gambling ? As many people have different views I hv this particular view as this might don't have to call gambling. As same in gambling here also hv to predict but its not just guessing or prediction. Its study I think.

[adaseb]

Binary options are technically not considered gambling because they are investment derivatives which aren't a form of gambling. However if you have no idea what you are doing and are losing money, then it could become gambling to some.

[diodio5]

yeah I would think that binary trading is a gamble. because you can not predict the price in a very short period of time dude. 1-10 minutes it will be very difficult to predict the price in that period.right ? You just rely on luck to win. just like gambling

[xuan87]

trading and gambling is just a thin line, for me binary option is not a gambling because there are data to analysis and chart to support the decision and its different with gambling where all depends on luck

[Digitalbitcoin]

yeah I would think that binary trading is a gamble. because you can not predict the price in a very short period of time dude. 1-10 minutes it will be very difficult to predict the price in that period.right ? You just rely on luck to win. just like gambling

I think Binary option is not just prediction its a strong analysing and determination. Vast experience and knowledge can give a seat at top in binary.

[Raimonn]

In my opinion binary option is more than gambling, but with bitcoins most people uses them as a game, they bet higher or lower like if they were betting on dices. You can see binary bitcoin options on some bitcoin casinos.