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Author Topic: What is the difference between binary option and gambling?  (Read 667 times)
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September 07, 2019, 10:24:35 PM
 #81

The difference between binary option and gambling in my own understanding is gambling is a high risk than to trading but both are risky if lack of skills and knowledgeable in trading in the gambling aaide from the skills it a pure luck and not advisable as spurce of income binary option os part of the trading metho which advisable as source of income in have full skills and knowledge before investing.

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September 12, 2019, 04:23:21 PM
 #82

The difference between binary option and gambling in my own understanding is gambling is a high risk than to trading but both are risky if lack of skills and knowledgeable in trading in the gambling aaide from the skills it a pure luck and not advisable as spurce of income binary option os part of the trading metho which advisable as source of income in have full skills and knowledge before investing.
I am sorry to ask this question please, with all honesty, do you understand the meaning of what you wrote down here or maybe you should read all over again. No offense please, I just feel you were probably sleeping and typing while dropping this comment but anyway, I have always known you for very constructive post and it is the more reason why the errors I found on this post is quite questionable.

They are both risk and that doesn’t make them different but even alike, the difference for me is that one is a risky game that is worth playing while the other is not worth it at all. If you ask me which one worth is my answer will be Binary option.

 
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September 13, 2019, 12:00:01 AM
 #83

Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

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September 21, 2019, 06:17:17 AM
 #84

The difference between binary option and gambling in my own understanding is gambling is a high risk than to trading but both are risky if lack of skills and knowledgeable in trading in the gambling aaide from the skills it a pure luck and not advisable as spurce of income binary option os part of the trading metho which advisable as source of income in have full skills and knowledge before investing.
Binary option is not trading. In trading you buy or sell an asset, spot trading that is. In binary options you place "bets" on the next price. You are essentially gambling unless you have so much money that you place your binary bet and then pump or dump the market to move it to your predicted price. This is nothing different from gambling where you roll a dice predicting whether the roll is going to be high or low than a selected number.

Even if you are skilled trading, binary options is not for you. Do spot trading or if you are willing to take risk do margin trading but dont go for binary.

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September 21, 2019, 06:43:05 AM
 #85

Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.

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September 25, 2019, 07:42:45 AM
 #86

I think gambling is more difficult than binary.
More or less same degree of risk in both because it is the same as a dice roll to predict the outcome of the roll on an open market.

Quote
Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Agreed Binary is comparable to EV- gambling games. You dont do any research there but predict a roll similarly you predict the market price in Binary and if you manage to get it correct you win some money. What difference does it make to the player than dice rolling? Simply nothing extra.

But you go for spot trading you own an asset that you are going to exchange for another asset. This needs analysis and in dept technical stuff. You can make a good profit if you buy and sell at proper times here not in Binary.

I have rarely seen anybody make money from Binary Options. The ones you see on youtube are done for getting affiliate commissions and you should not trust them.

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September 25, 2019, 08:45:26 AM
 #87

Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Maybe binary can be considered like gambling with analysis, like sportsbetting because we can do some analysis about what we want to bet. Because when we lost it will take all our money that we use to bet. Maybe that is why a lot of people always said if Binary trading is like gambling.

 
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September 25, 2019, 09:21:50 AM
 #88

Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Maybe binary can be considered like gambling with analysis, like sportsbetting because we can do some analysis about what we want to bet. Because when we lost it will take all our money that we use to bet. Maybe that is why a lot of people always said if Binary trading is like gambling.

More like it. I think binary options is to have a second thought on something you want to put your money with. Unlike gambling where in you do not have a send option once you placed your bet.

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September 25, 2019, 10:01:30 AM
 #89

Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Maybe binary can be considered like gambling with analysis, like sportsbetting because we can do some analysis about what we want to bet. Because when we lost it will take all our money that we use to bet. Maybe that is why a lot of people always said if Binary trading is like gambling.
Unlike trading when you place your entry and set your target exit and it didn't executed you can still hold your assets and wait till it reached the amount, while with binary, it can take everything away in split of time you selected it if doesn't executed it will burn everything. You need to learn classifying your position and you need to be extra careful  there's no way for you to recover your money once you place it inside binary type of trading.



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September 25, 2019, 01:42:01 PM
 #90

Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Maybe binary can be considered like gambling with analysis, like sportsbetting because we can do some analysis about what we want to bet. Because when we lost it will take all our money that we use to bet. Maybe that is why a lot of people always said if Binary trading is like gambling.

Yeah, without analysis, the binary will be gambling and so do with crypto trading. The other difference is we can use little money to gamble, but in the binary system, we must use some money to start trading. In binary, we depend on our analysis, but in gambling, we rely on the luck. So both is not the same, but binary can be gambling if we don't know how to trade.

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September 25, 2019, 02:12:53 PM
 #91

Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Maybe binary can be considered like gambling with analysis, like sportsbetting because we can do some analysis about what we want to bet. Because when we lost it will take all our money that we use to bet. Maybe that is why a lot of people always said if Binary trading is like gambling.

Yeah, without analysis, the binary will be gambling and so do with crypto trading. The other difference is we can use little money to gamble, but in the binary system, we must use some money to start trading. In binary, we depend on our analysis, but in gambling, we rely on the luck. So both is not the same, but binary can be gambling if we don't know how to trade.
Difference of binary options to gambling is on the risk involved depending on the knowledge you do have with trading.We know if we do try to compare
actual trade to an actual gambling game.Yeah you can make advantage if  you do know on what you are doing since binary options does only need for you to guess two options
which is higher or lower into your entry point.If you do just make options or selections without having any basis and just relying for some results then you
are basically doing gambling.

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September 29, 2019, 07:28:09 AM
 #92

Yeah, without analysis, the binary will be gambling and so do with crypto trading.
Binary is a type of gambling anyway with or without analysis.

Quote
The other difference is we can use little money to gamble, but in the binary system, we must use some money to start trading.
Gambling with very small capital at hand is worthless. You woudl get wiped out in one single red streak and wont be able to last long enough to hit that big win. But depends on your strategy, still a decent amount to start playing is for any strategy to be viable and worth running, even though in EV- games the long term result is loss.

Quote
In binary, we depend on our analysis, but in gambling, we rely on the luck. So both is not the same, but binary can be gambling if we don't know how to trade.
Binary options is not same as trading. You are predicting movements and betting on them. Hence its the gamble. You are not actually buying them. This is where it is different from spot trading.

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September 29, 2019, 09:45:31 AM
 #93

Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
All I can say is that they are almost the same though. In binary option you tend to speculate the price of a certain assets in the future whether it will go up or down and we all know that in Cryptocurrency, mere speculation is not advisable to follow with. On the other hand, gambling is an investment into an activity in the “hopes” of winning without any analysis and, just relying on luck. The thing makes them the same is that they cannot be used by any analysis or simply you just predicting the movement.

 
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September 29, 2019, 09:56:39 AM
 #94

Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
All I can say is that they are almost the same though. In binary option you tend to speculate the price of a certain assets in the future whether it will go up or down and we all know that in Cryptocurrency, mere speculation is not advisable to follow with. On the other hand, gambling is an investment into an activity in the “hopes” of winning without any analysis and, just relying on luck. The thing makes them the same is that they cannot be used by any analysis or simply you just predicting the movement.
I agree with you, more precisely, even if we want to have the analysis to make more accurate decisions, we still can't see an element that reflects the target we need to find, a lot of people have tried to analyze charts but the fact is that it's fluctuating in no trend, gambling or binary, both seem to be a place for us to bet luck, participation techniques and knowledge are not determinants. The only difference I see is probably that binary gives us a sense that we will be able to make money, while gambling only gives a sense of joy as primarily.

 
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October 01, 2019, 08:56:49 AM
 #95

On the other hand, gambling is an investment into an activity in the “hopes” of winning without any analysis and, just relying on luck.
Gambling is not an investment. It is a game of chance where you rely on your luck to multiply your capital. Investments are done after proper research and EV- games in gambling are not comparable to them. If you say EV+ games then to some extent you would be correct. Because EV+ games need your homework to be done and bets placed after analyzing the team for days and months.

Quote
The thing makes them the same is that they cannot be used by any analysis or simply you just predicting the movement.
Binary is just that. It is a type of gambling about price going up or down. You are not profiting from it. The place where you are plying is actually profiting.

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October 01, 2019, 09:46:44 AM
 #96

Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
I had been involved in both gambling and binary option from my own personal opinion both are more or less the same thrice I invested in binary my account was wiped through streaks of losses a binary trader can't have an edge due to low pay out while the brokers too manipulate the price to their advantage, at times gambling can profitable in there is some element of luck I am very sure and believed  gamblers are making profits d on daily basis that is why a lot of crypto based gambling sites are springing out daily compared to the numbers of binary traders.

 
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October 02, 2019, 10:57:08 AM
 #97

Difference of binary options to gambling is on the risk involved depending on the knowledge you do have with trading.We know if we do try to compare
actual trade to an actual gambling game.Yeah you can make advantage if  you do know on what you are doing since binary options does only need for you to guess two options
which is higher or lower into your entry point.If you do just make options or selections without having any basis and just relying for some results then you
are basically doing gambling.
As long as they both involve risk then there's no much difference between them that we can speak of. There's nothing like one riskier than another. I don't partake in any of them and it pleases me not to do so because I really respect myself.  

I think there are a lot of businesses we can do without the fear of risk, I prefer such and I can't stand to risk my money no matter how less risky it is described to be. My friends that gamble said they prefer gambling more because in gambling, combination of skills and luck is sure of delivering profit unlike in binary option.  I suggest to partake in any of the two, there is need to be well skilled in some areas to avoid consistent loses.

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October 02, 2019, 11:58:35 AM
 #98

I tried Binary options once and I find it difficult, maybe what I can think of the difference is Binary option is s serious activity that will give you a win if you are good in analyzing the market, and that is not fun, while in gambling, we have a choice whether we gamble just for pure fun or we gamble seriously focusing on making ourselves profitable, and in that matter I am talking about the skilled based type of games like poker and sports betting.




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October 02, 2019, 02:40:40 PM
 #99

In gambling, you have a 50:50 chance of winning; however, in binary trading, you have a more winning chance it depends on how you can read or analyze the market. Simply reading the news will give you an additional chance of winning.
And also it depends on what do you want, if you want entertainment go gamble and if you want a high chance of getting profit, then go-to binary trading. For me, my primary purpose why I am gambling is for entertainment and thrill. Trading is for profit Smiley

 
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October 02, 2019, 07:26:11 PM
 #100

In gambling, you have a 50:50 chance of winning; however, in binary trading, you have a more winning chance it depends on how you can read or analyze the market. Simply reading the news will give you an additional chance of winning.
And also it depends on what do you want, if you want entertainment go gamble and if you want a high chance of getting profit, then go-to binary trading. For me, my primary purpose why I am gambling is for entertainment and thrill. Trading is for profit Smiley
There are binary options that had features which results be known for a minute or an hour depend on what their platform do give out which means

you wont have much time for you to have that news or fundamentals to be add up on your analysis but it isnt bad to use it if you do have it.

Price ticks to matter but for a very volatile kind of market, binary options is somewhat riskier than on BO with forex and stocks which do had lesser.


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