What do you think about trading feature?

[Sandra_hakeem]

I haven't tried it, but I'm sure it's not part of trading like you trade coins on an exchange.
Maybe it's also part of a new game of guessing the price of a coin, whether it will go up or down. The casino does not incorporate trading features into gambling, it is an alternative game with number prediction bets. it also relies on your luck.

I don't really think there's anything like "trading features" on casinos... Is there an alternative name for that? Cus anything trading doesn't really correlate with gambling... How's that?
luck?. If it's actually a number prediction, how's that supposed to be called trading?... Y'all mix up alot of informations inappropriately. Maybe I'd have to look up this informations - on how true it is...

Sandra 🧑‍🦰

[virasog]

It is still a luck-based game. You don't know were the price of a coin will move in the next second no matter how a good trader you are. This means that there is no advantage over the casino. It'd practically a fifty-fifty chance game.
Don't think much about it and just enjoy the game because the only way to manipulate the results is by having enough balance to manipulate the whole market. This is not possible for most gamblers especially when we talk about coins like bitcoin and the like which have a bog market cap.

Still, trading is not like gambling it has many differences. Gambling depends upon luck only and some forms of trading like future trading taking high leverage resemble with gambling.
I think that traders are much more disciplined, and they do a proper fundamental and technical analysis before taking a trade. Some forms of trading like Spot trading is risk free (if you can hold the coins for the long term) and techniques like DCA will make your risk of losing even less.

[Z390]

I was curious why a casino would turn into a trading platform all of a sudden but I later found out that OP misunderstood prediction for trading, that's no way near trading, because I can't use any tools or charts reading analysis on the platforms, they still functions as gambling because you just have to predict what will happen next, but there is a catch,  if you are already a trader and you have your tools you can easily do your analysis on another platform before placing your bet, to me it's still a lot like gambling.
Either ways, trading features are still risky and you have to be very careful in order to avoid losing all your money, in the case of these two gambling platform that OP is talking about, you are only able to predict on numbers, there is no stop loss available, which is a very important feature when trading on any crypto trading platform, I am not a good trader but I can't imagine trading without using stop loss.
When I started trading two years back, I never knew the importance of using stop loss, even after my cousin who is into trading told me about using stop loss I never took it seriously until I lost some money and I got angry losing it, then I decided to fix my issues with trading and I was amazed how good stop loss feature can be, at least when a trade go against me I will still have some money left instead of losing everything.

[BenCodie]

I was curious why a casino would turn into a trading platform all of a sudden but I later found out that OP misunderstood prediction for trading, that's no way near trading, because I can't use any tools or charts reading analysis on the platforms, they still functions as gambling because you just have to predict what will happen next, but there is a catch,  if you are already a trader and you have your tools you can easily do your analysis on another platform before placing your bet, to me it's still a lot like gambling.

The problem with this is that you can never be sure where the casino is getting their data from.

Nowadays, you can go on many decentralized exchanges that allow you to leverage up to 100x of your balance....Leverage is gambling at any point. However, these platforms at least use many data points to ensure fairness.

The other problem is that these casinos do not charge anything for the position, while most the platforms mentioned usually have a fee structure, and charge interest on the leveraged position. That in itself is suspicious, no fees for leverage? What's the catch? The catch is probably manipulation through the data point.

I am sure if someone loaded up an account with $1,000,000, made large prediction bets and compared the data of losses against an oracle or a decentralized data point, there would be inconsistencies. However, no one will take that expensive experiment up

[wallet4bitcoin]

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.

If the patterns are maintained over time and gives a constant output then it will be disastrous for the company and losses will be incurred to an uncontrollable level. As with charts, it's always a speculation, nobody knows the outcome but one can read up on history price actions and speculate the future based on history matching predictions. I will advise you to stick with what you know how to do and not deviate.

[slapper]

I was curious why a casino would turn into a trading platform all of a sudden but I later found out that OP misunderstood prediction for trading, that's no way near trading, because I can't use any tools or charts reading analysis on the platforms, they still functions as gambling because you just have to predict what will happen next, but there is a catch,  if you are already a trader and you have your tools you can easily do your analysis on another platform before placing your bet, to me it's still a lot like gambling.

The problem with this is that you can never be sure where the casino is getting their data from.

Nowadays, you can go on many decentralized exchanges that allow you to leverage up to 100x of your balance....Leverage is gambling at any point. However, these platforms at least use many data points to ensure fairness.

The other problem is that these casinos do not charge anything for the position, while most the platforms mentioned usually have a fee structure, and charge interest on the leveraged position. That in itself is suspicious, no fees for leverage? What's the catch? The catch is probably manipulation through the data point.

I am sure if someone loaded up an account with $1,000,000, made large prediction bets and compared the data of losses against an oracle or a decentralized data point, there would be inconsistencies. However, no one will take that expensive experiment up

Casinos, decentralized exchanges, leverage. But, casino data sources' lack of transparency is particularly concerning. Yes, it's a major issue. Decentralized exchanges, on the other hand, offer leverage – up to 100x! That's massive. However, leverage is always gambling; everyone knows that. These platforms ensure fairness with many data points, which is admirable.

Casinos' no-fee policy is quite questionable. It asks several questions. Are data points manipulated? Definitely possible. A $1,000,000 attempt to find errors is mad, yet ingenious. The experiment is pricey, but someone should try it. It's crucial to resolve these concerns after your detailed analysis. Gambling and trade must be fair.

[redsun114]

I later found out that OP misunderstood prediction for trading, that's no way near trading

What do you think trading is all about then? I thought that's what we do in trading, predict the future outcomes and place our trades based on that. I know that it's not like gambling and there are so many differences, but predicting is what trading is mainly about.

However, have you ever done or heard about options trading? The game OP is referring to is basically how options trading works. You choose a coin, an asset, a stock, or anything the market offers to you, and you predict the price movement of that for the next few seconds or minutes. If you think it will go up, you go with up, and if you think it will go down, you go with down, after choosing how much you want to bet on your prediction. If the outcome matches your prediction, you win about 2x (maybe a bit less after the trading fees and stuff) and if it's wrong, you lose your money.

[Oilacris]

I was curious why a casino would turn into a trading platform all of a sudden but I later found out that OP misunderstood prediction for trading, that's no way near trading, because I can't use any tools or charts reading analysis on the platforms, they still functions as gambling because you just have to predict what will happen next, but there is a catch,  if you are already a trader and you have your tools you can easily do your analysis on another platform before placing your bet, to me it's still a lot like gambling.

The problem with this is that you can never be sure where the casino is getting their data from.

Nowadays, you can go on many decentralized exchanges that allow you to leverage up to 100x of your balance....Leverage is gambling at any point. However, these platforms at least use many data points to ensure fairness.

The other problem is that these casinos do not charge anything for the position, while most the platforms mentioned usually have a fee structure, and charge interest on the leveraged position. That in itself is suspicious, no fees for leverage? What's the catch? The catch is probably manipulation through the data point.

I am sure if someone loaded up an account with $1,000,000, made large prediction bets and compared the data of losses against an oracle or a decentralized data point, there would be inconsistencies. However, no one will take that expensive experiment up

Casinos, decentralized exchanges, leverage. But, casino data sources' lack of transparency is particularly concerning. Yes, it's a major issue. Decentralized exchanges, on the other hand, offer leverage – up to 100x! That's massive. However, leverage is always gambling; everyone knows that. These platforms ensure fairness with many data points, which is admirable.

Casinos' no-fee policy is quite questionable. It asks several questions. Are data points manipulated? Definitely possible. A $1,000,000 attempt to find errors is mad, yet ingenious. The experiment is pricey, but someone should try it. It's crucial to resolve these concerns after your detailed analysis. Gambling and trade must be fair.

Wont really be that much of a concern yet every tick could really be that be always be checked on known exchangers if we are trying to go along with those price movements.
Yes, price ticks could really be that somewhat manipulated and since this isnt something that you could be able to check on charts or something that could apply some analysis
then it do really just perfectly fit on calling it a pure gambling experience. Imagining on having that 1000x leverage on which this is really that obviously a gamble.
Price needs to be that getting in line on what you had predicted on which it is really that something that you could really be able to apply any analysis to it on a short time
or simply just cant that possible.

[EluguHcman]

That apparently may not be an investment trading format as long it is something prediction but however its reality tendency is being such of FX Trades.
It could either be an alternative chances to price winnings aside the gambling table.
I doubt if they are even in anyway of incorporation with any investment platform. Hence, you can as well provide us with a link to interested person's or for benefit of doubts.

[3kpk3]

They have been around for sometime now op and aren't something new or anything. These games are definitely entertaining and provide a lot of fun, but they aren't useful for making serious money thanks to the house edge.

It is completely dependent on luck while real world trading depends on luck and skill which is why it's a better way to try and earn money basically.

[piebeyb]

It is completely dependent on luck while real world trading depends on luck and skill which is why it's a better way to try and earn money basically.

Not much different from slots where a game like that only hopes for luck to win, without having to use a strategy to guess the correct price, because we only guess within a certain period of time going up or down, because this game already exists in many casinos, it's just possible Rarely do people play this game because many cases have been revealed that dealers can move prices according to what they want.

Except if the price follows the crypto price on the world market, it might be better, but guessing but the price is different from the world market, it can definitely be manipulated, I'm not really interested in the game of guessing the price will go up or down, it's better to choose to trade in the futures market or trading Crypto immediately seeks profits from buying cheap and selling at a high price. I'm sure this game is hard to make money 

[Lida93]

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.

What I want to know is that since it's a trading features price prediction game does the house has a hedge in this game over the gambler just as it's found in other casino games where the game providers made sure the house has the hedge or it's operated normally as with trading on any exchange.

I am asking because I have no clue about it as it's my first time if Knowing that there's a trading features in casinos that gamblers can make use of in place of actual trading.

[Synchronice]

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 like the idea of adding trading on casino. Yes, it's good at some point but at the same time this makes casino an attractive subject for hackers and casinos have to take their security even more seriously. But I don't think any casino can become a competitor of exchange because this requires capital that casinos probably can't gain and also requires a team of experts in different career paths. But I think that instant exchanges will be more popular on casinos, especially if rate is good and high fees aren't charged.

[noormcs5]

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 like the idea of adding trading on casino. Yes, it's good at some point but at the same time this makes casino an attractive subject for hackers and casinos have to take their security even more seriously. But I don't think any casino can become a competitor of exchange because this requires capital that casinos probably can't gain and also requires a team of experts in different career paths. But I think that instant exchanges will be more popular on casinos, especially if rate is good and high fees aren't charged.

Trading and Gambling are two separate things and i think they should not be mixed on a single platform. Although people will argue that since both use crypto, why not develop an in-house exchange site within a gambling site? I would tell them that if we mean to keep all the crypto-related things at a single site why not include a grocery store also within a casino site, so people can order groceries too while gambling just like they will trade alongside gambling?

This is just an insane idea, whoever thinks that Trading and gambling can be integrated on the same site.

[cafter]

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 will advise you to stick with what you know how to do and not deviate.

You have given a very helpful advice here. this advice is worth knowing to everyone that,  do not try to do things which you don't know about. specially in gambling.
Because I was interesting in provably fair games and all of a sudden I seen big win of a player on slots, I got distracted from my provably fair to slots.
I started spinning in slots, eventually my capital drained to half of what i deposited, it all happened because I was trying to do what I didn't know about.
it's same with sports betting like betting on sport game without knowing anything about game.

[Fivestar4everMVP]

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 like the idea of adding trading on casino. Yes, it's good at some point but at the same time this makes casino an attractive subject for hackers and casinos have to take their security even more seriously. But I don't think any casino can become a competitor of exchange because this requires capital that casinos probably can't gain and also requires a team of experts in different career paths. But I think that instant exchanges will be more popular on casinos, especially if rate is good and high fees aren't charged.

Trading and Gambling are two separate things and i think they should not be mixed on a single platform. Although people will argue that since both use crypto, why not develop an in-house exchange site within a gambling site? I would tell them that if we mean to keep all the crypto-related things at a single site why not include a grocery store also within a casino site, so people can order groceries too while gambling just like they will trade alongside gambling?

This is just an insane idea, whoever thinks that Trading and gambling can be integrated on the same site.

Lolz, I think what you have to deal with is your perspective, gambling and trading does have a bit of resemblance..

The subject of trading blindly, is something we have discussed extensively on this forum and many users agreed that trading blindly is no different from gambling, I myself also have a thread on this but can't locate it at the moment since it's several months gone already.

What Rollbit introduced on their casino is not trading per say, it's still gambling, it is exactly like sports betting where you have to predict the outcome of a football match, so also is this one as well, since you also have to predict the price a coin will be trading at, at a chosen time frame.

[tjtonmoy]

Gambling is purely based on luck and casino tends to add games that are not playable using your skills. Either you win or lose based on luck and not something you can master over time and become better at it. I haven't checked it out yet so I don't know if you can call it trading. Maybe it's like a price prediction game that includes a very little amount of time and in that given time you have to predict if the price is going to go up or down.

In trading, you can use your skills and knowledge to analyze the market and come up with most probable market movement. That gives you a chance for winning it. But if casinos add stuff like that, pro traders will have the favor to their side. And believe me or not, they could run out of business. Or maybe it's just a way to attract other people who are not interested in gambling but are better in other section like trading. As it is still new, it will be exciting to watch what happens in the future.

[Haunebu]

Trading and Gambling are two separate things and i think they should not be mixed on a single platform. Although people will argue that since both use crypto, why not develop an in-house exchange site within a gambling site? I would tell them that if we mean to keep all the crypto-related things at a single site why not include a grocery store also within a casino site, so people can order groceries too while gambling just like they will trade alongside gambling?

This is just an insane idea, whoever thinks that Trading and gambling can be integrated on the same site.

You couldn't be more wrong here. Trading itself is a form of gambling which involves luck and skill which is why it's a risky endeavour and not for the faint hearted. The trading game on these sites isn't exactly real world trading.

It's just a casino game that smartly integrates trading and is 100% reliant on luck only with zero skill involved.

[Wiwo]

I haven't tried it, but I'm sure it's not part of trading like you trade coins on an exchange.
Maybe it's also part of a new game of guessing the price of a coin, whether it will go up or down. The casino does not incorporate trading features into gambling, it is an alternative game with number prediction bets. it also relies on your luck.

I don't really think there's anything like "trading features" on casinos... Is there an alternative name for that? Cus anything trading doesn't really correlate with gambling... How's that?
luck?. If it's actually a number prediction, how's that supposed to be called trading?... Y'all mix up alot of informations inappropriately. Maybe I'd have to look up this information - on how true it is...

Sandra 🧑‍🦰

In general,  I don't even buy into the idea of having a trading feature on a casino,  because this will lead to so many compactions of things and also make the whole process,  so let trading be left for exchange while we are in the gambling section concentrate on gambling at most cases.

Although I know of a few casinos where you can convert your balance from one currency to the other because I have seen where I deposited bitcoin and was able to withdraw through USDT in one of those casinos around.

[goxcraft]

I was curious why a casino would turn into a trading platform all of a sudden but I later found out that OP misunderstood prediction for trading, that's no way near trading, because I can't use any tools or charts reading analysis on the platforms, they still functions as gambling because you just have to predict what will happen next, but there is a catch,  if you are already a trader and you have your tools you can easily do your analysis on another platform before placing your bet, to me it's still a lot like gambling.

It seems like it's labeled as trading but not not trading. Yes in pure trading there are ways to analyse market situation using different tools and charts etc. But in here you are only predicting the price. It's the same as gambling. It's basically gambling which is named as trading. Honestly I haven't tried it yet. I have been away from gambling for some times. But by your writing I can think of that, it does not belong anywhere near gambling. Gambling and trading are two different things. One can't just mix them. Gambling is purely played with luck and trading is done with right analysis. Having this features in gambling platform seems like a bad idea to me.