Why some people consider trading on STIXEX as gambling and not day-trading ?

[Stixex.io]

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 ?

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[spike420211]

Well, well, for the first time I see something like that. Answer me the question, considering that you are shilling your platform,
why didn’t you provide any links?
Or do you offer users to rummage around and look for your real site?

Everything looks very suspicious.

[Stixex.io]

Well, well, for the first time I see something like that. Answer me the question, considering that you are shilling your platform,
why didn’t you provide any links?
Or do you offer users to rummage around and look for your real site?

Everything looks very suspicious.

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 !

[noorman0]

If you predict the color correctly (red or green), you receive fixed 100% payout.

If not?

Anyway, I personally have been using STIXEX for more then a year now

Using your own platform? of course, I'm sure it was the best experience.

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.

Sports betting also does that by analyzing the ability of players, match history, and other factors. Even if it's a favorite team, people will be fully convinced that their bets are right.

1) your profit and loss are always known in advance.

Not sure

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 ?

If one bet can make my assets gone, then I will go with "people on different chats".

[Stixex.io]

"If you predict the color correctly (red or green), you receive fixed 100% payout.

"If not?" - what do you think it happends if "not" ? Of course you lose !

Anyway, I personally have been using STIXEX for more then a year now

"Using your own platform? of course, I'm sure it was the best experience."- what are you talking about ? Why did you assume that it is my platform? Are you just like tke other guy can read peoples minds ?

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.

"Sports betting also does that by analyzing the ability of players, match history, and other factors. Even if it's a favorite team, people will be fully convinced that their bets are right."- Not sure what you are talking about, but sure.

1) your profit and loss are always known in advance.

"Not sure" - there is a fixed profit if you win and fixed loss if you lose, those numbers are known in advance, what exactly are you not sure about ?

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 ?

"If one bet can make my assets gone, then I will go with "people on different chats"."- I guess you are suggesting that day trading can not make your assets "gone" if you lose ? I would beg to differ.

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.

[fudster]

Its almost like a binary option. Green represents uptrend and red candle, a downtrend. Its still a trading though but more like a gambling. If you gamble it means you are looking to profit from the luck you have that day. Gambling in binary options to in STIXEX is gambling by the skills you learn from learning the scalp trading system. Binary Trading is a money flow for some people who knows how it works.

[noorman0]

what do you think it happends if "not" ? Of course you lose !

Well, if I lose it means my money is gone, right?
What happens in normal trading is not like that, it only reduces its value.

what are you talking about ? Why did you assume that it is my platform? Are you just like tke other guy can read peoples minds ?

I know the site you mean by reading your username that shows the address of the site, not reading people's minds. As many people assume, your account will be considered to represent the site owner

there is a fixed profit if you win and fixed loss if you lose, those numbers are known in advance, what exactly are you not sure about ?

Because I had bets a predetermined amount, then I knew if I won or lost I would get or loss that amount of money. I still consider it the same as gambling.
In normal trading, the profit or loss that I will get is only determined by the depth and height of the candle. Even when I set a stop loss, it doesn't mean that my assets will be sold at the value I specify because of the high demand and will be a sell order.

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.

Where can I review if the Stixex platform is legal or not? You have not even stated that it is yours. I have expressed my assumptions about the workings of guessing the color of a candle with a sports bet. Of course it is for all platforms globally with methods like the site you are referring to. Am I still offtopic?

I assume here as a normal trader, and I have never used this kind of platform. Maybe some points I do not understand. So, if you really want to teach us about this, at least you provide a related website address (your platform or whoever doesn't care) to better understand how it works.

[Stixex.io]

what do you think it happends if "not" ? Of course you lose !

Well, if I lose it means my money is gone, right?
What happens in normal trading is not like that, it only reduces its value.

what are you talking about ? Why did you assume that it is my platform? Are you just like tke other guy can read peoples minds ?

I know the site you mean by reading your username that shows the address of the site, not reading people's minds. As many people assume, your account will be considered to represent the site owner

there is a fixed profit if you win and fixed loss if you lose, those numbers are known in advance, what exactly are you not sure about ?

Because I had bets a predetermined amount, then I knew if I won or lost I would get or loss that amount of money. I still consider it the same as gambling.
In normal trading, the profit or loss that I will get is only determined by the depth and height of the candle. Even when I set a stop loss, it doesn't mean that my assets will be sold at the value I specify because of the high demand and will be a sell order.

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.

Where can I review if the Stixex platform is legal or not? You have not even stated that it is yours. I have expressed my assumptions about the workings of guessing the color of a candle with a sports bet. Of course it is for all platforms globally with methods like the site you are referring to. Am I still offtopic?

I assume here as a normal trader, and I have never used this kind of platform. Maybe some points I do not understand. So, if you really want to teach us about this, at least you provide a related website address (your platform or whoever doesn't care) to better understand how it works.

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

[noorman0]

_snip_

1. Then what's the difference with sports betting? Where have I said that I will lose my account or all balances? I guess everyone knows that only the amount of money at bet will be lost. Lol  
My parable:
I have a $ 100 balance in a gambling account (or in Stixex). I bet $20 for my team in a soccer match (or green candle in Stixex). It turned out that my team lost (or red candles), I lost $20 and just left $80 in balance.

Normal trading
I have $100 in an exchange account. I bought $20 for 0.1 ETH. If the price drops, I still have my $80 and 0.1 ETH. I have not lost anything, only its value has been temporarily reduced.
Speaking of risk management, can I cancel my risk when my guess is wrong? In normal trading, I can still make a decision whether I want to lose money or not even after the price drops. If yes, then sell it at that time (with a few % loss of $20, appropriate % of price reduction, not all). If not, then hold until the price rises again.

In my conclusion, Stixex (or other related sites) is not a trading platform. That is gambling using market charts as a betting medium. So, I get or lose money not because of the price, but based on guesses. I can even get money when the price drops dramatically if I bet for red candle correctly.

2.So you are not a Stixex team or a representative team?
Let me quote and compare your statement as a future reference.

what are you talking about ? Why did you assume that it is my platform? Are you just like tke other guy can read peoples minds ?

I know the site you mean by reading your username that shows the address of the site, not reading people's minds. As many people assume, your account will be considered to represent the site owner

I used the name of the site because that is were I trade and that is the topic that interests me.

In my thinking about your statement in another thread, it is enough to show that you are a representative team of stixex in this forum.

Hello guys, a couple of years ago we opened STIXEX.io exchange which allows traders/speculators to place bets on the color of the next candlestick in the price chart (ETH or BTC). Exchange uses Binance price feed. It works kind of like options, if you guess the color correctly, you make fixed 100% profit, regardless of the size of the price move. STIXEX allows users to get some action when there is no volatility in the market and they can trade 1min, 5min, and 15min options. It’s fun and fast moving way to earn some extra cash and you can use ETH or USDT (ERC20) to trade. What do you guys think ?

It seems that you are trying hard to promote stixex that  would not be done by a customer in general.

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.

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.

Note: I analyze based on your history of posts, not by reading minds.
3. Yes...

[Stixex.io]

_snip_

1. Then what's the difference with sports betting? Where have I said that I will lose my account or all balances? I guess everyone knows that only the amount of money at bet will be lost. Lol  
My parable:
I have a $ 100 balance in a gambling account (or in Stixex). I bet $20 for my team in a soccer match (or green candle in Stixex). It turned out that my team lost (or red candles), I lost $20 and just left $80 in balance.

Normal trading
I have $100 in an exchange account. I bought $20 for 0.1 ETH. If the price drops, I still have my $80 and 0.1 ETH. I have not lost anything, only its value has been temporarily reduced.
Speaking of risk management, can I cancel my risk when my guess is wrong? In normal trading, I can still make a decision whether I want to lose money or not even after the price drops. If yes, then sell it at that time (with a few % loss of $20, appropriate % of price reduction, not all). If not, then hold until the price rises again.

In my conclusion, Stixex (or other related sites) is not a trading platform. That is gambling using market charts as a betting medium. So, I get or lose money not because of the price, but based on guesses. I can even get money when the price drops dramatically if I bet for red candle correctly.

2.So you are not a Stixex team or a representative team?
Let me quote and compare your statement as a future reference.

what are you talking about ? Why did you assume that it is my platform? Are you just like tke other guy can read peoples minds ?

I know the site you mean by reading your username that shows the address of the site, not reading people's minds. As many people assume, your account will be considered to represent the site owner

I used the name of the site because that is were I trade and that is the topic that interests me.

In my thinking about your statement in another thread, it is enough to show that you are a representative team of stixex in this forum.

Hello guys, a couple of years ago we opened STIXEX.io exchange which allows traders/speculators to place bets on the color of the next candlestick in the price chart (ETH or BTC). Exchange uses Binance price feed. It works kind of like options, if you guess the color correctly, you make fixed 100% profit, regardless of the size of the price move. STIXEX allows users to get some action when there is no volatility in the market and they can trade 1min, 5min, and 15min options. It’s fun and fast moving way to earn some extra cash and you can use ETH or USDT (ERC20) to trade. What do you guys think ?

It seems that you are trying hard to promote stixex that  would not be done by a customer in general.

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.

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.

Note: I analyze based on your history of posts, not by reading minds.
3. Yes...

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.