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0xfff
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March 01, 2017, 05:38:40 PM
 #1

https://btc-e.com/bets

I really don't understand this. They are letting you bet on what the price of bitcoin will be in 5 minutes. How is this fair at all? Could a whale not bet and then buy/sell to take everyones money?
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March 01, 2017, 05:53:37 PM
 #2

You are right . Stay away from such sites and not recommended.

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March 01, 2017, 06:22:43 PM
 #3

If we are able to bet on bitcoin prices then what will be the difference from trading bitcoin prices.
We are already having few discussion topics like whether trading is similar to gambling and vice versa and now I am wondering how meaningful those topics are.

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March 01, 2017, 06:26:15 PM
 #4

https://btc-e.com/bets

I really don't understand this. They are letting you bet on what the price of bitcoin will be in 5 minutes. How is this fair at all? Could a whale not bet and then buy/sell to take everyones money?

No, that's more or less the same idea as opening a short or a long.
It's just made in another way so it's even easier, that's all.

I have to personally recomend btc-e as a very professional site, they have a very good support even if not the best volumes ever.

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March 01, 2017, 06:45:05 PM
 #5

https://btc-e.com/bets

I really don't understand this. They are letting you bet on what the price of bitcoin will be in 5 minutes. How is this fair at all? Could a whale not bet and then buy/sell to take everyones money?

No, that's more or less the same idea as opening a short or a long.
It's just made in another way so it's even easier, that's all.

I have to personally recomend btc-e as a very professional site, they have a very good support even if not the best volumes ever.

The time interval is so short though. Short/long is over longer than 5 minutes. I wish exchanges had more features but I don't like the way this "betting" is designed.
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March 01, 2017, 07:30:29 PM
 #6

https://btc-e.com/bets

I really don't understand this. They are letting you bet on what the price of bitcoin will be in 5 minutes. How is this fair at all? Could a whale not bet and then buy/sell to take everyones money?
It's easy, win your bet is determined after 5 minutes since the bet was made, if you bet buy then the final result after 5 minutes bitcoin prices must be above of your bet and so also for the reverse.

sorry if i'm wrong, for to not wrong you can check on their site how to play these game.

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March 01, 2017, 07:38:07 PM
 #7

https://btc-e.com/bets

I really don't understand this. They are letting you bet on what the price of bitcoin will be in 5 minutes. How is this fair at all? Could a whale not bet and then buy/sell to take everyones money?

This is kinda like binary options. They let you bet on pairs of the forex if the price will be up or down and the interval is only 1 minute. They give you 85% payout if you win. They at btc-e.com/bets are letting you place such bets because the result of the people who have played binary options have almost always been negative for the person and positive for the house.

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March 01, 2017, 09:30:58 PM
 #8

https://btc-e.com/bets

I really don't understand this. They are letting you bet on what the price of bitcoin will be in 5 minutes. How is this fair at all? Could a whale not bet and then buy/sell to take everyones money?

I think its same type like you go to trading on stock market or maybe it binary or options

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March 01, 2017, 11:02:33 PM
 #9

You are right . Stay away from such sites and not recommended.

You must be new here. Btc-e been around for a very long time and has hosted Altcoins longer than most exchanges on the web. You may want to do some research on Btc-e and their trollbox before trying to post meaningless things.

As for betting on the price per Bitcoin, I wouldn't do it. There isn't any point unless you own a huge amount of coins and you could manipulate the price of that market and get your money back though you would most-likely need millions of dollars just as a safe measure in order to do it. Looks fun though.

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March 01, 2017, 11:34:20 PM
 #10

iam first hear about BTC-e open bitcoin option trading
how long is BTC-e open bitcoin option trading, during before hear BTC-e, the best option trading, the bes bitcoin price betting only use secondtrade.com

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March 02, 2017, 01:25:17 AM
 #11

This is just like binary options just like been mentioned above since we are basing on the price movement of bitcoin on an interval of 5 mins which is really short in my opinion this is also a great game if you do know how to predict the price but its very risky. 50-50 chance.

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March 02, 2017, 01:54:58 AM
 #12

gembling site  Grin ,, i like  Binary for trade
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March 02, 2017, 02:21:37 AM
 #13

gembling site  Grin ,, i like  Binary for trade
Your thinking of secondtrade.
But every 5 minutes is sort of weird. :/
Onehash a similar way to bet on the price but it is timed for every 5-6 hours which is very heard to predict.

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March 02, 2017, 02:39:01 AM
 #14

I guess that is right, that is a possibility that a whale with, say, 1,000 bitcoins in his account can just do a quick sell on his coins but before that put a bet that it will go down, for sure it will since 1,000 bitcoins could practically crate a panic there and the prices will go down. Then he wins the bet also he has so much money to buy back a very low rate by that time.

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March 02, 2017, 02:40:38 AM
 #15

If you are familiar with secondstrade it's a the same game and type of gambling. If you are good in predicting prices then go for it but if you aren't better not. But it's not that bad to try it, I've that before but it's quite hard to predict what will be the price of bitcoin for the next minutes.

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March 02, 2017, 02:46:30 AM
 #16

If you are familiar with secondstrade it's a the same game and type of gambling. If you are good in predicting prices then go for it but if you aren't better not. But it's not that bad to try it, I've that before but it's quite hard to predict what will be the price of bitcoin for the next minutes.

What OP is saying is that someone can control the bitcoin prices if they have a lot of it, which is easy with just a few hundred bitcoins. The bet is "influence-able", forgive me for the lack of a better term to use. Unlike a dice game where you can don't have any way of changing the outcome no matter what you do.

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March 02, 2017, 04:20:35 AM
 #17

If you are familiar with secondstrade it's a the same game and type of gambling. If you are good in predicting prices then go for it but if you aren't better not. But it's not that bad to try it, I've that before but it's quite hard to predict what will be the price of bitcoin for the next minutes.

What OP is saying is that someone can control the bitcoin prices if they have a lot of it, which is easy with just a few hundred bitcoins. The bet is "influence-able", forgive me for the lack of a better term to use. Unlike a dice game where you can don't have any way of changing the outcome no matter what you do.

Yes I do know about it and he said

I really don't understand this. They are letting you bet on what the price of bitcoin will be in 5 minutes. How is this fair at all? Could a whale not bet and then buy/sell to take everyones money?

That he don't understand it and for just 5 minutes the same thing with ST. And with the manipulation it really depends on the whale if they are into this type of game.

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March 02, 2017, 05:43:40 AM
 #18

I'm looking at the site right now and I don't get it.  Are the odds always at evens?  So if I bet .1 BTC on up I win the same amount if I end up making the correct bet?  If so then there's value in playing this game especially if you love watching the market tick by tick.  

You are right . Stay away from such sites and not recommended.

What are you talking about?  That's BTCe.  Go spam somewhere else.

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maydna
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March 02, 2017, 06:01:05 AM
 #19

https://btc-e.com/bets

I really don't understand this. They are letting you bet on what the price of bitcoin will be in 5 minutes. How is this fair at all? Could a whale not bet and then buy/sell to take everyones money?

btc-e do this? how it could be? i think we don't have to go with that sites because i think its not fair, it means that bitcoin price is manipulated by big whale and this could make people get into trapped. but i don't know what is people react about this and i think its better for me to not make a bets in that site because i am sure in out there, many sites that is waiting to visit and waiting us to play in their site. but i am curious about this bets and maybe i will take a look into the site and i think i want to know more.


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Herbert2020
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March 02, 2017, 06:28:35 AM
 #20

https://btc-e.com/bets

I really don't understand this. They are letting you bet on what the price of bitcoin will be in 5 minutes. How is this fair at all? Could a whale not bet and then buy/sell to take everyones money?

this seems to be a very new feature that btc-e.com exchange has added. according to their website (here: https://btc-e.com/news/234) they have added this feature called bitcoin betting last month (10 Feb). you can read the details in the news link i gave above.

and in my opinion it is a cheap move. an exchange is not a place to gamble. and if you can predict the price it is best if you trade bitcoin instead of betting on its price.

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