Gambling or binary options

[BADERO]

When I was young and naive, I used to think that binary options were a form of trading meant for people who didn’t have capital  so I spent months taking courses, studying the market and waking up at specific hours, trading certain currencies because they were more stable, and following strategies and indicators

And when I happened to win which was very rare I didn’t even understand what I had done, as if it was just pure luck  Looking back, I tried to see things from a different perspective, from another angle.

I eventually came to the conclusion that binary options are just gambling with even lower chances of winning

I just have one thing to tell you , if one day you ever get the crazy idea of trying binary options, don’t do it. Just gamble instead you’ll actually have better odds, trust me!!!!

[AbuBhakar]

I eventually came to the conclusion that binary options are just gambling with even lower chances of winning

I just have one thing to tell you , if one day you ever get the crazy idea of trying binary options, don’t do it. Just gamble instead you’ll actually have better odds, trust me!!!!

It’s true and most casino like Rollbit already has their own binary trading available for gamblers to play. It’s very hard to predict the correct outcome on Binary trading using technical analysis because each round usually has short period only that makes any volatile assets almost impossible to predict.

Binary trading on crypto is really a gamble due to its volatility. I always play this game on pancakeswap whenever I’m liquidating my shitcoin on BSC.

[UserU]

It's not just binary options, those brokers that only offer CFDs rather than underlying assets to trade are encouraging gambling as well.

[Botnake]

Those were popular in the past, but I don’t see many binary options around anymore. Since it's essentially gambling and based on luck with slim chances of winning, it’s not very appealing to gamblers. Unlike other luck-based games like roulette and slots, which still offer entertainment value, binary options don’t seem as engaging.

[Gozie51]

You just have to build and master a strategy that will work for you if you want to stay in it. They have patterns that you can follow if you can study the movement very well. For some, the volatility makes it look like gambling while some have studied it beyond gambling depending on how emotional balance that your mind is. There are videos on YouTube that you can follow for someone that is interested in the risk. However, like gambling, you have to involve the amount of money that you don't mind losing.

[xSkylarx]

Both involve taking risks with the hope of a financial reward. With binary options, you make predictions about whether an asset's price will go up or down within a short timeframe, this feels very much like placing a bet on uncertain outcomes. The nature of making fast decisions in binary trading mirrors the atmosphere of gambling. Both can lead to huge loss without proper knowledge and strategy.

[Charles-Tim]

I just have one thing to tell you , if one day you ever get the crazy idea of trying binary options, don’t do it. Just gamble instead you’ll actually have better odds, trust me!!!!

Betting if the price of bitcoin will increase or fall at certain time period? It is also existing on gambling sites. It is gambling and people should know that. I have seen bitcoin binary option on crypto gambling sites before but it is not common. I think it belongs to the casino section part of the gambling site.

[Lida93]

You just have to build and master a strategy that will work for you if you want to stay in it. They have patterns that you can follow if you can study the movement very well. For some, the volatility makes it look like gambling while some have studied it beyond gambling depending on how emotional balance that your mind is. There are videos on YouTube that you can follow for someone that is interested in the risk. However, like gambling, you have to involve the amount of money that you don't mind losing.

There is no guarantee that strategy could work fine with binary options as it would with actual crypto trading. Following the pattern either doesn't seem reliable because unlike normal trading am not sure you can backtest any strategy you chose to work with and get some reliable evaluation that could bring profit. I take it as gambling on a different level, so you're  right that anyone involving in it should do so with money they can afford to lose just like in normal traditional gambling.

[Hispo]

...

I just have one thing to tell you , if one day you ever get the crazy idea of trying binary options, don’t do it. Just gamble instead you’ll actually have better odds, trust me!!!!

It reminds me when YouTube was full of advertisements about binary options and how alledgedly easy was for anyone to win money using relatively small entry capital. I was not even into trading or binary options and I could already tell those advertisements in which a pretty lady was trading binaries and profiting in front of a camera was very unrealistic and basically just videos designed to pick the attention of the most gullible people on YouTube who were interested in earning money from their computers.

Anyways, binary options at this point and considering the volatily of the market can easily be considered a form of gambling and not at all to be compared with investings.
It is better just to stay away from binary options if one does not even know how they work.

[bitbollo]

binary options (for short period of time) are just a gambling related the price of a certain item. they have also many tricks inside and I will just stay away from these (unless you love gambling).
what it can be the study for price change in 1 minute ? nothing. it can happens everything. You can just trying to guess "what will be next"? thats all...
as mentioned, read always terms of these websites... as you may know around 90% of people are losing money with these instruments...

[bittraffic]

It somewhat like gambling, you usually win 80% of the amount you wager. But then because you are a player in binary option you do have a skill to predict where the market is going with the use those indicators. I can only say this is also trading in some level. There is a constant debate about this being gambling or not.

However there are binary options that are scam. Hard to trust which one is real these days, maybe you can confirm that if the chart movement is different from the real chart of the market then its probably a scam.

[Hispo]

binary options (for short period of time) are just a gambling related the price of a certain item. they have also many tricks inside and I will just stay away from these (unless you love gambling).
what it can be the study for price change in 1 minute ? nothing. it can happens everything. You can just trying to guess "what will be next"? thats all...
as mentioned, read always terms of these websites... as you may know around 90% of people are losing money with these instruments...

All usual with casinos, the bulk of the people gambling need to lose at least a slice of their bankroll in order to pay for prizes of those who are fortunate ones to do money with their predictions, plus the fixed profit the house needs to take to keep their operations in the long run.
Since we can agree binary options are closer to gambling than trading, I have no problem with people who want to try binary options with little money they can afford to lose and realize that perhaps, they would be better off gambling those bucks on an actual casino instead a webpage fully dedicated to binary options.
They are not illegal, those who are legit, one must just be careful with those who are scams and do not even replicate the prices of the market, in order to get our money.

[AmoreJaz]

binary options (for short period of time) are just a gambling related the price of a certain item. they have also many tricks inside and I will just stay away from these (unless you love gambling).
what it can be the study for price change in 1 minute ? nothing. it can happens everything. You can just trying to guess "what will be next"? thats all...
as mentioned, read always terms of these websites... as you may know around 90% of people are losing money with these instruments...

All usual with casinos, the bulk of the people gambling need to lose at least a slice of their bankroll in order to pay for prizes of those who are fortunate ones to do money with their predictions, plus the fixed profit the house needs to take to keep their operations in the long run.
Since we can agree binary options are closer to gambling than trading, I have no problem with people who want to try binary options with little money they can afford to lose and realize that perhaps, they would be better off gambling those bucks on an actual casino instead a webpage fully dedicated to binary options.
They are not illegal, those who are legit, one must just be careful with those who are scams and do not even replicate the prices of the market, in order to get our money.

If you don't know what binary options are, then, don't go into this because it is indeed like gambling. You need to predict and if you have no idea with the market, definitely, you are gambling. Binary option as defined is a financial derivative where you can make an all-or-nothing wagers. So yeah, it has very similar aspect of gambling.
However, some people are comfortable doing binary trading over gambling, especially if the person has good background into this type of financial venture. Hence, you can't really tell to people to go to gambling instead of heading to binary options trading. It is up to them where they feel at ease of "losing" their money.

[swogerino]

When I was young and naive, I used to think that binary options were a form of trading meant for people who didn’t have capital  so I spent months taking courses, studying the market and waking up at specific hours, trading certain currencies because they were more stable, and following strategies and indicators

And when I happened to win which was very rare I didn’t even understand what I had done, as if it was just pure luck  Looking back, I tried to see things from a different perspective, from another angle.

I eventually came to the conclusion that binary options are just gambling with even lower chances of winning

I just have one thing to tell you , if one day you ever get the crazy idea of trying binary options, don’t do it. Just gamble instead you’ll actually have better odds, trust me!!!!

You are right in your conclusion that binary options is the same as gambling with even lower chances of winning and there is a good reason for that. The fact that you win ever fewer times in binary options is because it is based on fundamental news and they are controlled, the news I mean, EUR/USD or other Forex and binary trading is controlled by the central banks, what Federal Reserve does in US impacts the dollar and what European Central Bank does impacts the EUR, dollar right now is very low because of stupid politics of Trump and his presidency. In gambling it is easier because slot machines are programmed and they don't get out of their programming so in this context winning in gambling is easier compared to binary options and that is how it will remain. In fact more people have lost their homes to binary options compared to people who have lost it to gambling.

[Cryptomultiplier]

You may have the craziest experience with binary options, while another person may be rather very fortunate trading binary options. It is just as the way gambling is and that is that it isn't assured.
Wherebeit that you can gamble and win almost more frequently than when you trade binary options, it shows that perhaps you are more adept to gambling rather than that specific kind of trading, assuming you didn't try any other strategy involved in trading besides binary options.

[iv4n]

I just have one thing to tell you , if one day you ever get the crazy idea of trying binary options, don’t do it. Just gamble instead you’ll actually have better odds, trust me!!!!

I have been saying for years that it's all gambling, the games are different... in some games, skill is important (such as trading), but in the end, the luck factor decides everything.

But people should be free to try some crazy ideas too. Just be careful how much you spend on it, just to protect yourself. And believe it or not, even with a small amount of money it's possible to find out how things work and whether something is for you or not.

[Dunamisx]

I just have one thing to tell you , if one day you ever get the crazy idea of trying binary options, don’t do it. Just gamble instead you’ll actually have better odds, trust me!!!!

I don't even see as many as possible gamblers running after such as interest, instead they play bets as the case may applies for them, not all gamblers at some particular time may want to gamble and for some specific reason, i still see it as more of having a choice to make when it comes to gambling, we can decide on which we want and how we can also go with our mind on what best fits for our desire at that particular time we are more craving for having fun.

[Gozie51]

You just have to build and master a strategy that will work for you if you want to stay in it. They have patterns that you can follow if you can study the movement very well. For some, the volatility makes it look like gambling while some have studied it beyond gambling depending on how emotional balance that your mind is. There are videos on YouTube that you can follow for someone that is interested in the risk. However, like gambling, you have to involve the amount of money that you don't mind losing.

There is no guarantee that strategy could work fine with binary options as it would with actual crypto trading. Following the pattern either doesn't seem reliable because unlike normal trading am not sure you can backtest any strategy you chose to work with and get some reliable evaluation that could bring profit. I take it as gambling on a different level, so you're  right that anyone involving in it should do so with money they can afford to lose just like in normal traditional gambling.

But talking about strategy, even people who are successful in gambling have strategy that they have adopted which has made them thick in it that despite their loses, they still have winning more. Also in gambling, those who will also have their winning strategy except we are saying that nobody on earth who does trading or binary successfully. It involves risk yes but their are risk everywhere around us.

[r_victory]

Gambling has more options and is more fun. I tried binary options, but it didn't captivate me enough to continue (although it is a form of “gambling” too). I know there are people who make a good income from it, but I like casinos, especially Slots and Blackjack.

[Fortify]

When I was young and naive, I used to think that binary options were a form of trading meant for people who didn’t have capital  so I spent months taking courses, studying the market and waking up at specific hours, trading certain currencies because they were more stable, and following strategies and indicators

And when I happened to win which was very rare I didn’t even understand what I had done, as if it was just pure luck  Looking back, I tried to see things from a different perspective, from another angle.

I eventually came to the conclusion that binary options are just gambling with even lower chances of winning

I just have one thing to tell you , if one day you ever get the crazy idea of trying binary options, don’t do it. Just gamble instead you’ll actually have better odds, trust me!!!!

A binary option is just a contract to buy or sell something at a certain price. Your failure to grasp how they are utilized in the real world puts you into that category of 90%+ traders who will not make money from them and hands over all their money while trying to make sense of the process. That's fine, most of us fit into that category, but just because you can't turn something profitable does not mean everyone else is losing on them too. It's worth considering that there are very technologically advanced companies filled with professionals and high speed algorithms that watch these markets like an ocean - but they can cause waves which drown other ships while they plunder the wreckage. There is a lot of money to be made in this field, but it's hard for small scale traders to figure out a way to take a cut of it.