The official Rollbit site crypto trading options open.

[uneng]

I guess Rollbit is not offering a particular type of trading that Binance or any other exchange have. As far as I remember, Rollbit is about to launch a "Binary Options" in their website and is not a Spot or Futures type of market in particular. As I can see, though, launching Binary options on a gambling website is pretty unique and is quite a smart move on their end, so I think none of the current existing gambling site and in the past is currently offering such option.

Just to add, Binary trading is basically 1/0 or YES/NO type of trading at a given period of time. Hence, it is derived from the word Binary that has only 2 options. Personally, it is a hybrid of "Ace Deucey" and "Trading" which of course includes indicators.

Years ago there were some websites that offered binary options, many traders and investors do not really consider binary options as a legitimate way to trade the market and this is because the actual options that you have are very limited, which is why it is called binary options, they consider this to be a form of gambling because they limit what you can do, however if any person is able to guess what the market is going to do in a consistent basis then they are free to try binary options if they want, but in my opinion they will be better off by using their skill in the real markets.

Yes, most reviews I have seen consider binary options purely gambling and like in gambling, most participants lose money and only very few achieve profit on long run. It's quite hard to predict the market fluctuations inside a short period of time, making technical analyzes useless, and the profit margin unstable. It's not like dice where you set the odds as you wish. In binary options if you hit the right result, but with a low margin, the profit will be decreased. It makes the strategies such as martingale risky to be applied. Anyway it's nice to see a gambling site adding binary options on their list. I think it really belongs there.

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[rhomelmabini]

It's quite the marketing strategy by Rollbit and it's quite unique that they are offering binary trading and I think they are the crypto gambling site that first offers this (correct me if I'm wrong). It still involves risk too but I think binary trading is quite profitable if you're an expert in it and you can manage your risks more here. The way I see it was Rollbit is getting unique of what they offer, I wonder how other competitors will respond to this, let us see.

[YOSHIE]

Hello friends gambling, thank you for the information and replies about the binary / crypto tranding options on the Rollbit gambling site, I understand everything, but for now it's still theoretical .... not practical, I will update here, after the option is executed and the Rollbit team has implemented crypto / binary trading options? I want to try and see the results, get right to practice.

my understanding of binary trading:
Users who make binary options only by making a deposit, with the amount that has been determined by each provider on the gambling site, with a binary duration that varies both in hours, days, minutes and seconds.

With an option like this, bettors can see the results with a predetermined duration, there are two things, which must be considered in these options if the guess is correct or right on target, the profit is on our side and vice versa the loss becomes a forfeited capital.
Again theory / trying is something fun, isn't it.

[AakZaki]

Hello friends gambling, thank you for the information and replies about the binary / crypto tranding options on the Rollbit gambling site.
~snip~

It looks like a new platform, I just found out that there is a Signature campaign in this forum. Previously, I tried dice on the roobet for fun. Then I0I races, betting according to the predicted crypto rate. I didn't delve into it further but the two bets were quite fun. I have not tried Rollbit, bet and binary options on its site. I tried to open their site but it seems that the Trading menu doesn't work yet.

[magneto]

I do wonder if they will be actually offering a spot exchange (with full deposit/withdrawal functionality), or simply a derivatives exchange platform.

If the latter, which is very likely, they'll probably structure it as a gambling game like secondstrade did a while back. Binary options, given the short expiry timeframe, are essentially the same as random number generators. There will be no strategy that can beat it in the long run, and the odds are notoriously bad for the gambler.

It's also very prone to manipulation and fraud from the casino's end. Wouldn't play it if it was offered tbh.

[Bitinity]

It's quite the marketing strategy by Rollbit and it's quite unique that they are offering binary trading and I think they are the crypto gambling site that first offers this (correct me if I'm wrong). It still involves risk too but I think binary trading is quite profitable if you're an expert in it and you can manage your risks more here. The way I see it was Rollbit is getting unique of what they offer, I wonder how other competitors will respond to this, let us see.

If it will be a binary trading then they wont the the first to offer it since we had some binary trading sites in the past. One of the best and the famous one was secondstrade. Imho, it wont affect other crypto casinos as binary trading is not really popular in this crypto gambling industry so competitors (other casinos) wont think about it seriously unless what you mean by competitors here is other binary trading sites.

[Silberman]

I do wonder if they will be actually offering a spot exchange (with full deposit/withdrawal functionality), or simply a derivatives exchange platform.

If the latter, which is very likely, they'll probably structure it as a gambling game like secondstrade did a while back. Binary options, given the short expiry timeframe, are essentially the same as random number generators. There will be no strategy that can beat it in the long run, and the odds are notoriously bad for the gambler.

It's also very prone to manipulation and fraud from the casino's end. Wouldn't play it if it was offered tbh.

Yes, secondstrade that is how it was called the casino that offered binary options a while back, while you are correct on what you say I think there are many people out there that cannot see the difference between trading and gambling and may see in this an attractive option, so I would not be surprised if this turned out to be very popular as people deceive themselves thinking they are trading the markets when in fact they are just gambling with their money.

[YOSHIE]

This is a great thing for the Rollbit gambling site on crypto trading options, which has officially opened and can instantly place crypto trading bets.



This is the biggest advance to date for the Rollbit team and management.

I will try it....! Good luck.

Thanks again to the team, management, rollbit has activated the crypto trading method.
And also thanks to @Hhampuz who has successfully run the Rollbit campaign.