Betting on cryptocurrencies prices

[chris200x9]

What is the difference between this and just but ng and selling the currency yourself? It would be the same thing wouldn't it? Maybe even cheaper since you wouldn't pay any fees only the regular trading fee which is about 0.2%? Unless this is just to make it faster? Esspecially with small amount you could make more bets then if you were trading each time. So to me this seems like arbritage.

If I understood correctly, in these betting if you bet any amount for example 0.01 BTC at certain price for next two minutes or any time site provides and if you win that bet then you can almost double your money within that short time and if you fail to predict correctly then you will lose all your bet amount. But in trading, you will make profit or loss only the difference in buying and selling amount.

[megynacuna]

What is the difference between this and just but ng and selling the currency yourself? It would be the same thing wouldn't it? Maybe even cheaper since you wouldn't pay any fees only the regular trading fee which is about 0.2%? Unless this is just to make it faster? Esspecially with small amount you could make more bets then if you were trading each time. So to me this seems like arbritage.

If I understood correctly, in these betting if you bet any amount for example 0.01 BTC at certain price for next two minutes or any time site provides and if you win that bet then you can almost double your money within that short time and if you fail to predict correctly then you will lose all your bet amount. But in trading, you will make profit or loss only the difference in buying and selling amount.

OP can't re-invent the wheel, all that he's trying to do is the same as trading on the margins and so i don't know why he wants to give it a new name by describing it differently. There are many forms of stock, forex or crypto trading on the various exchanges which operate similar principles as this.

[crwth]

What is the difference between this and just but ng and selling the currency yourself? It would be the same thing wouldn't it? Maybe even cheaper since you wouldn't pay any fees only the regular trading fee which is about 0.2%? Unless this is just to make it faster? Esspecially with small amount you could make more bets then if you were trading each time. So to me this seems like arbritage.

If I understood correctly, in these betting if you bet any amount for example 0.01 BTC at certain price for next two minutes or any time site provides and if you win that bet then you can almost double your money within that short time and if you fail to predict correctly then you will lose all your bet amount. But in trading, you will make profit or loss only the difference in buying and selling amount.

OP can't re-invent the wheel, all that he's trying to do is the same as trading on the margins and so i don't know why he wants to give it a new name by describing it differently. There are many forms of stock, forex or crypto trading on the various exchanges which operate similar principles as this.

If you are going to do it manually, you need to have your own customers, which are the users of the currency exchange and that's hard to make them because they have to transact with you personally and that's going to be hard. If you are going to be in an exchange, it's easier, that's just my opinion. It's like trusting someone to trade hoping for a profit of some sorts.

[shintosai]

What is the difference between this and just but ng and selling the currency yourself? It would be the same thing wouldn't it? Maybe even cheaper since you wouldn't pay any fees only the regular trading fee which is about 0.2%? Unless this is just to make it faster? Esspecially with small amount you could make more bets then if you were trading each time. So to me this seems like arbritage.

If I understood correctly, in these betting if you bet any amount for example 0.01 BTC at certain price for next two minutes or any time site provides and if you win that bet then you can almost double your money within that short time and if you fail to predict correctly then you will lose all your bet amount. But in trading, you will make profit or loss only the difference in buying and selling amount.

OP can't re-invent the wheel, all that he's trying to do is the same as trading on the margins and so i don't know why he wants to give it a new name by describing it differently. There are many forms of stock, forex or crypto trading on the various exchanges which operate similar principles as this.

If you are going to do it manually, you need to have your own customers, which are the users of the currency exchange and that's hard to make them because they have to transact with you personally and that's going to be hard. If you are going to be in an exchange, it's easier, that's just my opinion. It's like trusting someone to trade hoping for a profit of some sorts.

well its still best to do it by yourself and you are correct inside exchange you can deal with same principle and you are in control of any possible movement after monitoring your trade it will show right away and you are not waiting for anyone is you who controlled everything inside the trade.

[romero121]

That's a different betting option. Here users won't get to be lucky to win big in a short as the price is completely unpredictable. No one makes a continued research about the cryptocurrencies price moves. These were almost similar to the sports betting, people get lucky enough to get a winning in unexpected time.

[Osarman]

I really loved the idea of betting on crypto currencies the only problem was amount of choice most the coins available are not sufficient only the main ones live bitcoin, ether and few other coins are available, if they could add more coins it would be more fun and interesting. Nevertheless I'm sure in future this will be trend

Yeah this will be a trend but I think it will not give you much more than a normal profit. Biotin is not like a normal profitable thing, it will make you more than your expectations. It has potential to go for more then why you are just betting in it and indulge in more risky option. Betting is not safe as gambling, if you want to make money then trading and investing are better options.

[Ewinsane]

What is the difference between this and just but ng and selling the currency yourself? It would be the same thing wouldn't it? Maybe even cheaper since you wouldn't pay any fees only the regular trading fee which is about 0.2%? Unless this is just to make it faster? Esspecially with small amount you could make more bets then if you were trading each time. So to me this seems like arbritage.

If I understood correctly, in these betting if you bet any amount for example 0.01 BTC at certain price for next two minutes or any time site provides and if you win that bet then you can almost double your money within that short time and if you fail to predict correctly then you will lose all your bet amount. But in trading, you will make profit or loss only the difference in buying and selling amount.

Yes, Whatever you have understood is right. If your predictions about the prices are right, you are going to get more money and your amount will get doubled but when your prediction is proved wrong, your amount will reduce automatically.

I am not in favor of gambling especially when your coin is bitcoin. Trading is hell better option for making money with crypto currencies than wasting them in gambling.

[ivanst776]

I really loved the idea of betting on crypto currencies the only problem was amount of choice most the coins available are not sufficient only the main ones live bitcoin, ether and few other coins are available, if they could add more coins it would be more fun and interesting. Nevertheless I'm sure in future this will be trend

Bitcoin binary gambling is quite difficult to predict yet it's was addictive to play.
As I know fortune jack ever also have binary trading so just make sure that you're prepare for lossing rather than winning. ( or you must select long term bet rather than short term betting type )

Betting on the cryptocurrencies prices is a hell fun indeed. But as you have stated the problem is always a limited number of coins offered for the sake of betting.

It hasn't become a common practice even yet but I think that the investors must try to increase the number of coins for betting purposes so that it would eventually be converted into a trendy matter for the consumers of digital currency.

[raven7886]

That's a different betting option. Here users won't get to be lucky to win big in a short as the price is completely unpredictable. No one makes a continued research about the cryptocurrencies price moves. These were almost similar to the sports betting, people get lucky enough to get a winning in unexpected time.

Yup. Most of us do not have any idea about the fluctuation in the price of different cryptocurrencies. I have tried this method sometimes but always faced a loss. I think that betting about the famous currencies could help you earn the success as the rates of winning the bet become quite high.

In addition to it lower valued virtual currencies do not face any price fluctuation on larger scale so they could be considered as a chance to utilize for winning such bets.

[Caladonian]

That's a different betting option. Here users won't get to be lucky to win big in a short as the price is completely unpredictable. No one makes a continued research about the cryptocurrencies price moves. These were almost similar to the sports betting, people get lucky enough to get a winning in unexpected time.

Yup. Most of us do not have any idea about the fluctuation in the price of different cryptocurrencies. I have tried this method sometimes but always faced a loss. I think that betting about the famous currencies could help you earn the success as the rates of winning the bet become quite high.

In addition to it lower valued virtual currencies do not face any price fluctuation on larger scale so they could be considered as a chance to utilize for winning such bets.

and influence can be dictated in a small scale coins, betting can be fun if you understand or if you some insiders inside such project to the point that you can anticipate what could be the possible path accordingly, bitcoin make it good to use inside binary because bitcoin already have a large numbers of big investors so its hard to predict when the price will go up or goes down in such event.

[davinchi]

Yes, I'm ever bet there if I'm not mistaken, the site name was updown.bt (they ever held signature campaign as well).
I'm admit that the game is quite addictive, able to make quick profit and quick loss also.

So do not gamble more than you can afford to loss and you've been warned !

I never tried to used that binary options website and I can't remember that they've held a signature campaign or I was still not on this forum by that time. Most of the binary options that are quite popular today are those sites that has signature campaign.

There are different format of gambling, people play gambling in different ways. It is also a type of gambling, where people play gambling on the increasing price of crypto currencies. But it is not such a popular or regular gambling games, which we normally play for betting.

[henmark]

I really loved the idea of betting on crypto currencies the only problem was amount of choice most the coins available are not sufficient only the main ones live bitcoin, ether and few other coins are available, if they could add more coins it would be more fun and interesting. Nevertheless I'm sure in future this will be trend

I also like the idea, but I do not know how and where we can play such gambling. Because in my area most of the gambler play gambling in casino and they even do not have the idea of crypto currencies, therefore I cannot expect that they will become ready so soon to play gambling on crypto currencies.

[carlisle1]

Hello,

I'm looking for the bitcoin/litecoin binary options betting website. On this kind of websites you can bet what the price of for example bitcoin will be in 3 or 5 minutes. Can you recommend any?

Thanks!

I think that there are many websites like that available online though most of the sites I know have already been posted by other people. I think that it is also good that you are exploring other sites what i can only offer is that you also have to see the reputation of the sote and if it legitimate.

your right mate thats the best thing to do always check the sites reputation to know if its reliable and trusty,then the legitimacy for your capitals security.

And one thing never trust anyone unless you will do your iwn investigation about those sites thats been recommended above

[Bolt Brownie]

Hello,

I'm looking for the bitcoin/litecoin binary options betting website. On this kind of websites you can bet what the price of for example bitcoin will be in 3 or 5 minutes. Can you recommend any?

Thanks!

I think onehash offers that option, and I'm not sure about fairlay, but I also think you can do that there. I would keep an eye on Spectre.ai though because they want to specialize on that area, and will build an exchange just for that, and they will also be decentralized if I'm not mistaken, so if they succeed they will be a reference in those kind of markets.

[BillCoin]

Hello,

I'm looking for the bitcoin/litecoin binary options betting website. On this kind of websites you can bet what the price of for example bitcoin will be in 3 or 5 minutes. Can you recommend any?

Thanks!

Instead of betting, you can start investing in cryptocurrencies market, which could be count as a very risky investment and almost as a gamble, and you also won't pay the same fee as you would need to pay if you choose to trade binary options.

Binary options is same as trading regularly but with an huge leverage, usually 100x, which you can reach from sites like bitmex, and pay a lower fee.
So I would recommend you to consider investing in altcoins regularly( without leverage as it is already a crazy market),or to use bitmex in order to trade with leverage which is extremely risky.
 

[bitcoinmasterlord]

Hello,

I'm looking for the bitcoin/litecoin binary options betting website. On this kind of websites you can bet what the price of for example bitcoin will be in 3 or 5 minutes. Can you recommend any?

Thanks!

I think onehash offers that option, and I'm not sure about fairlay, but I also think you can do that there. I would keep an eye on Spectre.ai though because they want to specialize on that area, and will build an exchange just for that, and they will also be decentralized if I'm not mistaken, so if they succeed they will be a reference in those kind of markets.

Recently one mobile app came based on this same topic. it's a trading app and in that app, some companies are listed in that bitcoin is also there, but other altcoins are not available. You can do other types of trading also, for example, oil and others. on FB and all that app advertisement will come just check it once maybe it will help you out.

[rickadone]

I really loved the idea of betting on crypto currencies the only problem was amount of choice most the coins available are not sufficient only the main ones live bitcoin, ether and few other coins are available, if they could add more coins it would be more fun and interesting. Nevertheless I'm sure in future this will be trend

Bitcoin binary gambling is quite difficult to predict yet it's was addictive to play.
As I know fortune jack ever also have binary trading so just make sure that you're prepare for lossing rather than winning. ( or you must select long term bet rather than short term betting type )

Betting on the cryptocurrencies prices is a hell fun indeed. But as you have stated the problem is always a limited number of coins offered for the sake of betting.

It hasn't become a common practice even yet but I think that the investors must try to increase the number of coins for betting purposes so that it would eventually be converted into a trendy matter for the consumers of digital currency.

Mostly those that are high valued currencies such as the ethereum and the bitcoins are available on the online gambling sites for the sake of currency price betting. I have also bet upon the price of bitcoins in the time of last fork but it cost me to lose about 5k dollars as the prices didn’t face a downfall. So, I think that betting on the prices of the virtual currencies is not less than a risk because they are a subject to constant fluctuation.

[Barbut]

I really loved the idea of betting on crypto currencies the only problem was amount of choice most the coins available are not sufficient only the main ones live bitcoin, ether and few other coins are available, if they could add more coins it would be more fun and interesting. Nevertheless I'm sure in future this will be trend

Yeah this will be a trend but I think it will not give you much more than a normal profit. Biotin is not like a normal profitable thing, it will make you more than your expectations. It has potential to go for more then why you are just betting in it and indulge in more risky option. Betting is not safe as gambling, if you want to make money then trading and investing are better options.

You didn't read previous comments, this is like margin trading, disguised thou! Why would anyone bet on crypto prices when easily someone can manipulate with them? If anyone us good in predicting crypto prices open account on any exchange site and you can buy and sell when ever you wish, its same like betting on prices on some site.
I don't like this idea, some pump and dump groups can close this casino in fast time, they will bet on crypto currencies that they control and they will win most of the time, casino will be ruined in short time.

[davinchi]

I really loved the idea of betting on crypto currencies the only problem was amount of choice most the coins available are not sufficient only the main ones live bitcoin, ether and few other coins are available, if they could add more coins it would be more fun and interesting. Nevertheless I'm sure in future this will be trend

Yeah this will be a trend but I think it will not give you much more than a normal profit. Biotin is not like a normal profitable thing, it will make you more than your expectations. It has potential to go for more then why you are just betting in it and indulge in more risky option. Betting is not safe as gambling, if you want to make money then trading and investing are better options.

Betting on the cryptocurrency price is becoming common nowadays. But the problem is that only a limited number of choices are available. The highly valued cryptocurrencies such as the bitcoins and Ethereum are being used in betting so the risk of loss is always great.

Other virtual currencies are not into the bet yet because their rate is lesser even than actually bet fund in the online sites. But, this industry would probably flourish with time becoming trendy all again.

[BitlogicTrading]

Hello,

I'm looking for the bitcoin/litecoin binary options betting website. On this kind of websites you can bet what the price of for example bitcoin will be in 3 or 5 minutes. Can you recommend any?

Thanks!

Hi Eric. I bet you might be interested in Bitlogic.cc. It's a crypto-betting platform that allows to trade Forex, Stocks, Indices and Commodities using cryptocurrencies. You can also bet on Bitcoin price there (we're testing this feature now and more crypto-related instruments are to come). We've got sessions of 30s to 5 min for Bitcoin

Here's a link to our ANN thread:

https://bitcointalk.org/index.php?topic=2313271.0

I will be extremely happy to get some feedback from you on your betting experience with Bitlogic.cc