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Author Topic: What do you think about trading feature?  (Read 777 times)
Gozie51
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October 17, 2023, 05:10:46 PM
 #61

Although I haven't seen how it looks, at a glance I can assume that the inclusion of trading features in a casino is an opportunity created by the casino amidst the player's gaming hobby. At first glance, this might be a form of implementation that trading is gambling. CMIIW
The trading features at the casino as intended are definitely different from trading on the exchange.


I don't think that is the intention of the casino or whether those whose casinos have such features are trying to proof that trading is much as gambling, I don't think so. What I think is that they have only encrypt or coded trading features like prediction of price to be gambled on and not that those on real trading are equally gambling too. But whatever it is, it is surely another feature that has been added to gambling bookies.
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October 17, 2023, 05:31:04 PM
 #62


Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.
A quick reminder to nobody specific; you can never have or be given an edge over the house. Don't get it twisted it has always been about the house over us.
-snip-

This is still gambling albeit that it has somewhat trading features if am to play I will maintain a gambling mindset towards it because that's what it is and nothing like doing trading about it. I'll consider this development in gambling as an amusement trading experience a more fascinating way to keep the fun going.

You're right, but we should take into account that in the case of exchanges it is the same: you have to pay trading fees, and also fees to withdraw. I would like to compare the probabilities to either win or lose in both betting and exchange platforms, but it is impossible to generalise due to the very different tiers and conditions between different services. So just a friendly reminder, again, that trading is not investing, but another way of gambling.
It makes much sense in all you have said except for the ending part.
Am not sure I want to dig into the debate of trading been as a form of gambling or not, but am certainly convinced that both are not same and not a kind of form to the latter. If we are taking the risk and uncertainty aspect both shares then maybe you could as well have just added  investment also as a form of gambling for there's risk of loss  and uncertainty with investment too. Just to call attention to a few clear difference in the two in terms of: objective, skills over luck, success is based on consistency in gambling consistency doesn't count for you making profits. Etc.


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October 17, 2023, 10:26:29 PM
 #63

I think I have read about that feature before in other gambling websites, I have personally not tried it yet, but I like the idea of it.

I do not think it offers any advantage over the casino, because the market and price prediction is pretty difficult to correctly guess and even more in such small windows of time. The idea is to offer more gambling options for those who seek a different experience, I guess.
If one truly wants to trade, it is better just to move onto an exchange and not do it on a casino. But I won't argue about the possibility of gambling in a exchange, due to  access to leverage and future markets.

I wonder how popular this "trading" game can become in the next years, and whether it would be possible for whales to abuse it or not.

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October 18, 2023, 03:30:12 AM
 #64

Well, when you try it, you will see that there's not much to analyze, we are talking about a period of 15, 30, and 60 seconds. It's pure gambling, it's just pressing up or down and hoping you are right. In my opinion, this game is the worst of all lucky-based games... but it's just my opinion and my taste. Some of us played this game before, and I tried it at BC.Game, just for the sake of trying it and I am staying away from this one for sure.
If so, it means we can only rely on luck because it is the same as playing slots, which also requires luck to win. But I don't feel too curious about trading games like that and feel it is better for us to trade for real so we can get profits as usual. Other people may find playing trading games interesting and make them test their analytical skills.

It is  a good initiative for casinos to have adopted such and I see it very interesting too because it would help one fully develop their analyzing skills when it comes to crypto price prediction. With just little amount one can be able to do such and this would avail opportunity for traders to take advantage of the situation in learning and perfecting their live trade price analysis and movement. I think everyone should take advantage of this opportunity to build their price prediction skills and it would help for  those fully into trading.
It's okay if anyone wants to test their skills in analyzing market situations and then placing bets on BC.game. If they often make mistakes in analyzing and experience loss, they still need to learn more to improve their analytical skills. Besides that, people could get more information from analyzing it to apply it to real trading.

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October 18, 2023, 06:14:04 AM
 #65

I'm always amazed by the globe, especially with Bc.game and Rollbit adding trade possibilities. Predicting minor fluctuations? That literally changes the game! I've seen numerous games, but this is different. Imagine combining the stock market and casinos. Brilliant, right?

Talk about the game. You love it, and I can see why. Predicting short-term price changes is difficult but exciting.  Many believe they can foretell it. But here's the thing: patterns can be deceiving. They can be, truly

Does this game favor the player over the casino? Casinos make plenty of money. They wouldn't release a game with a constant advantage. If you're sharp and have studied those patterns, you might have a little edge

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October 18, 2023, 06:29:09 AM
 #66

It is actually not "trading" ..but rather price prediction betting that are on offer. I saw this on Freebitco.in and I even tried a few times.. but with Bitcoin being so volatile, casinos seem to have the edge over the people that are betting on it.  Tongue

A lot of these gambling sites are trying to be innovative and they are trying to stay ahead of the competition, by offering something that are "out-of-the-box" like this.

I like anything that will keep me interested in a site..... stuff like this.  Grin

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October 18, 2023, 07:01:56 AM
 #67

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.
I don't know what you are talking about but I will look it up, next time you need to be more specific, what games exactly? Is it stock price action or what? If it's something that we can use tools to analysis then it's no more a gambling for me, this is veu close to normal crypto trading that we are all used to and this could definitely be a game changer.

I can see some comments saying it's not like real trading and it's all luck based but I then decide to visit rollbit casino myself, I think you are talking about crypto futures? If this is what you are talking about then its a bit different from the trading that I am talking about.

Futures is the most risky trading I know, with that insane risk and reward potential it's still not a safe way to trade, as I don't like futures trading at all, using 1000x leverage will send you back to the street with no cloths on, just be careful what you wish for and make sure you gamble responsibly.

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October 18, 2023, 07:20:17 AM
 #68

I'm always amazed by the globe, especially with Bc.game and Rollbit adding trade possibilities. Predicting minor fluctuations? That literally changes the game! I've seen numerous games, but this is different. Imagine combining the stock market and casinos. Brilliant, right?

Talk about the game. You love it, and I can see why. Predicting short-term price changes is difficult but exciting.  Many believe they can foretell it. But here's the thing: patterns can be deceiving. They can be, truly



This is how a casino know on how they can improve their businesses since adding that features could really bring them another cool option to choose especially to those gamblers who also like to participate on trading activities. What they did is really amazing since it can generate them a lot of profit since imagine that their casino users will not opted to go somewhere else just to predict and bet on the market result. I already see this feature on other casino but they didn't sustain it, but knowing rollbit they are huge casino so for sure that they can handle that feature very well and this will be another feature that provably used by players who want to test out what they can offer.

This will be a topic to discuss on each threads of casino add this feature knowing that speculation about possible bull run is now happening since many people want to discuss this events.

R


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October 18, 2023, 07:37:54 AM
 #69

What do you think of this game?

That ain't really trading! More like some mashup of gambling and taking wild guesses on where prices are headed in the near future.  For sure it can be fun, but luck's got more to do with it than any real trading strategy.  And getting an edge over the casino? Ha! Theyre the house for a reason - odds are stacked in their favor.  So yeah, gonna say that's a nope!


Completely agreed, and this also doesn't take into account where they get their data from. A centralized exchange has an order book and market makers to ensure that market activity and market data is continually up to date. Some also take into account index prices in real time for additional reference of the price. Some decentralized exchanges take this one step further by using data oracles, which are points of data that average out multiple price feeds, to ensure that data is decentralized.

Where do you think BC.game and Rollbit get their price? I can tell you, their backend. The short term price that you see on BC Game and Rollbit would not match that of a price oracle, especially when large bets are being placed Wink
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October 18, 2023, 07:47:59 AM
 #70

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.
Honestly speaking which this is really just like binary options trading on which you do certainly guess on where the price would be going on the time that you had made out entry which is neither up or down and since
the time frame would really be that just short then even if you are a trader it wont really be giving out assurance that you would really be able to predict on where prices could go even if you do have that good technical analysis kind of approach but somewhat having these kind of analysis would really be giving out that kind of advantage comparing into those people who do make out just choice without having any basis.
It is really that truly could get someones attention specially on a trader at the same time you do make out some gambling for sometimes which it will really interest you in to make out some bets considering
that you do have that trading experience.

So far im only aware on Rollbits kind of trading kind of gambling which this is the only place which im aware about its existence and didnt know about BC.game. Wait? ISnt BC.game facing some issues right now?
If ever this is true then better to stick out on playing on Rollbit but of course it would really still fall down according into your own preference.

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October 18, 2023, 07:59:42 AM
 #71

The game operates on a mechanism not vastly different from binary options. It gives the illusion of trading due to price fluctuations, but it's essentially a facade where the actual valid market movements are not accurately depicted. The chances of winning are at a 50:50 ratio, as it typically involves mere guesswork between up or down movements.

Binomo has faced similar issues in this regard, where the platform labels it as trading, yet legal scrutiny reveals it to be a binary options platform manipulated by individuals behind the scenes.

Playing it with disposable income is the wisest choice since games of this nature are most likely entirely controlled by a hidden system. Don't be enticed to bet larger amounts when you experience your first victory. Maintain control over your game to avoid falling into the algorithms of online casino platforms, as we are well aware.
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October 18, 2023, 08:01:53 AM
 #72

It's good to see casinos improving their features and yes I was aware of this new trading feature but to me it's still very much a gamble than trading, I don't see spot trading on these casinos which is the safest trading for beginners, you might not make much but you aren't exposed to higher risk compare to binary option and crazy leverages.

It would be closer to trading if we can use some RSI software on the platform like trading view enabler or somewhere close, also I don't know where they are getting their present price from we have no clue about it, so it's still better to gamble safely here, if you are good at trading you can try it out and drop your feedback.

I will still prefer to play Slots on these casinos and if I want to trade I will use other platforms instead, predictions base on price movement are always uncertain and traders are able to make predictions with tools that's why they have the good results more than the bad results.

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October 18, 2023, 08:08:48 AM
 #73

This isn’t actually trading to be frank. We consider something as trading, when we trade assets for other assets. This is the theoretical meaning of trading. Now what these casinos are doing is just prediction games. You predict the price if the coins, whether it will go up or down. They impose housedge on these types of games too and makes good profits. You can consider this as a coin flip game where you decide heads and tails, but here you will decide price will go up or down.

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October 18, 2023, 08:58:47 AM
 #74

This isn’t actually trading to be frank. We consider something as trading, when we trade assets for other assets. This is the theoretical meaning of trading. Now what these casinos are doing is just prediction games. You predict the price if the coins, whether it will go up or down. They impose housedge on these types of games too and makes good profits. You can consider this as a coin flip game where you decide heads and tails, but here you will decide price will go up or down.

There’s different type of trading and the one you are defining is a spot trading. Binary option is the one which this casino are using on their game. This same with the binary option offered by trading platform which user can bet on what will be the position of the current currency on the target date.

I would say it’s both gambling and trading at the same time. The game focus on determining the asset price in the future.

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October 18, 2023, 10:17:57 AM
 #75

...
If so, it means we can only rely on luck because it is the same as playing slots, which also requires luck to win. But I don't feel too curious about trading games like that and feel it is better for us to trade for real so we can get profits as usual. Other people may find playing trading games interesting and make them test their analytical skills.

Well, if you are lucky enough in slots you can hit a bonus round... and if you are extremely lucky you can get a "max win". That's why slots are much more interesting, among other things, of course! Smiley

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October 18, 2023, 10:27:13 AM
 #76

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.
Crypto Futures in Rollbit have been available since the introduction of their casino here. Correct me if I'm wrong, but I'm quite certain about that. I recall my initial thoughts when I first learned about this feature; it was genuinely intriguing, unique, and faced very little competition in the gambling space. However, I haven't had the chance to try it yet. Most of the time, I'm playing mostly with slots and live games.

While there may be some repeating patterns in this game, blindly following them could lead to swift losses. The game has a remarkably low house edge, but the higher the leverage, the greater the risk. Therefore, I recommend playing it with caution and a sense of responsibility.

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October 18, 2023, 03:55:48 PM
 #77

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.
This is the same thing like sportsbet and any game that we give predictions on. In this one, it is the price of bitcoin that we use to gamble to win or lose. It is similar to trading as both of them are very risky and it is 50-50 chance of winning like every other gambling game. Like other posters said, it is called binary trading.

This is because it is hard to predict which direction the market will go. It will be very profitable during the bullish market because the price of bitcoin will go in one direction which is up.
I think not all gambling games has a 50 over 50 chance but casino always make sure they have more advantage over the players because how can they be able to profit a lot if not? In trading, I think the chance can vary only to the skill of the trader. It might be called as binary trading, but other user define it as a way to predict small fluctuations.

And in a bull run, there are still small fluctuations that can happen a long the way so don't say that earning a profit during it is going to be easy. AFAIK this trading game is already been there in Rollbit even before but it's my first time hearing it in B.C game. I'm still not into trading so I will stick only on the old games that I know.

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Oilacris
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October 18, 2023, 06:58:05 PM
 #78

This isn’t actually trading to be frank. We consider something as trading, when we trade assets for other assets. This is the theoretical meaning of trading. Now what these casinos are doing is just prediction games. You predict the price if the coins, whether it will go up or down. They impose housedge on these types of games too and makes good profits. You can consider this as a coin flip game where you decide heads and tails, but here you will decide price will go up or down.
But something that you could really be able to apply some analysis too knowing that those movements are reflecting on what are those real time market movements then you could really be just simply open up another window and draw up some technicals doesnt matter if it would really be on scalping area but as long it could be applied then this is something on which you could really be able to apply and make use of it. Although just like been said that its never been that simple on trying out to hedge or scalp in a short period of time or lets say a minute or under which there's no way that you could really be able to apply some analysis with that short time frame.Just as expected then everything that has been offered would really be having that corresponding house edge or deductions whenever
you do have a winning bet on which it is really just that normal yet they are running business in the  first place.  Smiley

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October 18, 2023, 07:54:43 PM
 #79

Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.

The prices do follow repeating patterns, but not always.

And while you can get the power of probability closer on your side so that it develops into a kind of house edge, (but for you as house) I do not think that there is a 100% certain way to make price predictions even with all the skill and knowledge you can gather. Because there are always unknown variables. You never know what is going to happen next.

So its just semi-gambling on top of full-gambling.

I would welcome a trading feature only if there are no unfair trading fees. But then again this would mean that the casino would require great investment to implement this feature and it might not be worth it, (in terms of profits) in the end.

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October 18, 2023, 08:39:38 PM
 #80

Right from when I knew future trading, I classified it to more of gambling than trading. I am not surprised that casinos have started to include future trading in their sites. I haven't traded futures before but I have read about it and I do not think that it presents any advantage over the usual casino games.
In as much as the knowledge of the chart might help you make some refined decisions, it doesn't actually follow a constant and known directions. It is gambling and I will even prefer sports betting to it because in sports betting I have some data to rely on while making predictions while the future only have fundamentals and some times it doesn't play out as predicted. So it is just like the normal casino games.

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