Prediction market versus trading

[Nalain420]

Binary trading is not type of trading it is just gambling with fake label of trading . In real trading we have full access on what we have. We can enter and exit trade at any time but in binary we just predict after that this can happen and when we are wrong we end up with zero PNL including our capital . Trading is not just guessing it can never be included in technical analysis . In real trading we survive with proper strategies not on prediction like betting on some horse to win it's never seen as trading. Spot trading is the best option where we actually control our own positions. It is better to stay safe and away from binary where we can't decide when to exit

[Zigabel]

To you is binary option can be called trading or gambling? It is good that most crypto users can access it with the use of crypto as the products, unlike how it was before and it is different from the Options on exchanges.

Binary options is clearly gambling, most times you just have to hope you get lucky with Binary, you cannot tell exactly if your strategy or your analysis would give you an advantage, even your risk management will easily be ruined while trading Binary, it's more like gambling on the charts, it would only be of close likening to scalping but then to an extent you can be technical with scalping and make logical moves that will not impact your psychology terribly as a trader but this is not the case with Binary as you will have the feeling of one at the casino on a roulette or a spin wheel.

Because it is gambling  they can introduce anything with which you can do the binary trade, but ee all know with actual trading, not everything can be traded and the time frames are more realistic.

[Johnlomape]

To you is binary option can be called trading or gambling? It is good that most crypto users can access it with the use of crypto as the products, unlike how it was before and it is different from the Options on exchanges.

Binary options is clearly gambling, most times you just have to hope you get lucky with Binary, you cannot tell exactly if your strategy or your analysis would give you an advantage, even your risk management will easily be ruined while trading Binary, it's more like gambling on the charts, it would only be of close likening to scalping but then to an extent you can be technical with scalping and make logical moves that will not impact your psychology terribly as a trader but this is not the case with Binary as you will have the feeling of one at the casino on a roulette or a spin wheel.

Because it is gambling  they can introduce anything with which you can do the binary trade, but ee all know with actual trading, not everything can be traded and the time frames are more realistic.

Binary options is a pure gambling but many traders can still have that feeling that it's another level of trading with a different company that is operating it. There is not fixed strategy that can help any trader to make profits when trading binary options and all you have to do is to be doing guess working, entering the market is a collapsed strategy that can not last for a longer time.
I would prefer to trade the future aspect of crypto than wasting my time and money trading binary options that the movement is mostly based on manipulation the market mostly use to clear users accounts.

[AakZaki]

I think the biggest difference is in the control we have.

In trading, we can still manage when to enter, when to exit, use stop loss, or take partial profits. Risks do exist, but we can manage them.
Whereas in the prediction market or binary options, the results are more like guesswork: right to make a profit, wrong to lose the bet. The space to manage risk is much smaller.

That's why it's not a question of whether we can profit or lose, but whether our decisions are based on analysis and risk management, or simply guessing the outcome. The more you rely on guesswork, the closer you get to gambling than investing or trading.

[Synchronice]

Do you know that you can make bitcoin price prediction on prediction markets which can be from a duration of 5 minutes to days? This is just the same as binary option.

Are there traders that like binary option? Prediction market said they are trading platforms than gambling but in the past, most of us traders were calling binary options to be gambling even before the establishment of prediction markets.

I have also seen the binary option on a centralized exchanges which I bright to this trading discussion board few months ago but which is called Event Futures on the exchange. I still think that binary option are gambling.

To you is binary option can be called trading or gambling? It is good that most crypto users can access it with the use of crypto as the products, unlike how it was before and it is different from the Options on exchanges.

Isn't trading itself gambling too? Or sports betting? You never know for sure when the price is going up and down, unless you are a whale with a huge bankroll or someone who can influence the price of the coin you are trading and since I compared it to sports betting, the player has that advantage in sports betting too, a player can influence the outcome of the match. Some might say that trading is not gambling because the trader has some advantage like technical analysis but on the other hand, sports bettor has some advantage, like statistics of both teams.
In general, my point is that prediction market is like gambling and trading also is like gambling. For me, both are gambling today.

[Bitcoin_people]

Do you know that you can make bitcoin price prediction on prediction markets which can be from a duration of 5 minutes to days? This is just the same as binary option.

Are there traders that like binary option? Prediction market said they are trading platforms than gambling but in the past, most of us traders were calling binary options to be gambling even before the establishment of prediction markets.

I have also seen the binary option on a centralized exchanges which I bright to this trading discussion board few months ago but which is called Event Futures on the exchange. I still think that binary option are gambling.

To you is binary option can be called trading or gambling? It is good that most crypto users can access it with the use of crypto as the products, unlike how it was before and it is different from the Options on exchanges.

Although there are some similarities between binary options and prediction markets, they are not completely the same, but there are differences in some areas. Basically, in binary options, if the prediction is correct, you can make a good profit, and if it is not correct, you will lose all your money, and that is why many people compare this option to gambling. Basically, there are two types of mediums available here, where if a person decides on the basis of risk management, then he will see it as trading. On the other hand, if someone only relies on guesswork or luck, then it is like gambling. That is why I think there is a difference between the two places. Trading and gambling are similar in agriculture, while in some cases there are many differences.

[jcojci]

I have seen prediction market with a duration in some exchanges and also in online casino if I am not mistaken. I called binary option can be include in gambling IF you just predict only without analysis. I also watch some ads about how easy people trade, they just click the button and wait then they will see their funds increases.

Many people tempted to try and if they lose, makes them wants to try more. Even we analyzing, we still don't have a big chance of profit, how if we don't analyze at all. But people don't care, they are chasing profits.

[Jaweria parveen]

I have seen prediction market with a duration in some exchanges and also in online casino if I am not mistaken. I called binary option can be include in gambling IF you just predict only without analysis. I also watch some ads about how easy people trade, they just click the button and wait then they will see their funds increases.

A person who can predict can also trade and if he does not have capital then he is just increasing his experience nothing else. I have made a lot of predictions on Bitcoin and some of them were wrong and some were right and some were close to them. We cannot analyze 100% right but we can definitely get closer to it so we should analyze with confidence and see the market how it goes through the conditions and then we can guess. There are many such apps in which we can work by predicting the market but that also requires some money. Better than that I will suggest trading so that we can understand ourselves in it in a good way and can get maximum profit.

[Bitcoin_Arena]

Prediction markets, however much they get sugar-coated, are still categorized as gambling. Just like sports betting and all those other sorts of predictions that we make, prediction markets also rely on the outcome of events after a specified time, something that is not there in trading. Trading just relies on the price movement of asset prices to make profits or losses. Prediction markets, on the other end, don't have to be about the price like the binary options but also about world events.

[batang_bitcoin]

Binary options before were considered as gambling and maybe as it evolves through the prediction market, people are going to think of it as a prediction market and no longer a gambling thing. Although if you do understand both of it, you'll get to say that there's not a lot difference from each of them. Whether you call it either way, there's no need to distinguish which one it is because it can be both. Like what the countries are doing now with the prediction markets, they're banning them because they are being considered illegal way of gambling into their territories.

[SquallLeonhart]

Binary options before were considered as gambling and maybe as it evolves through the prediction market, people are going to think of it as a prediction market and no longer a gambling thing.

Gambling or trading? Because I think I see it mostly in the trading platforms before and then eventually, some gambling platforms are now adopting it. But no doubt, as its mechanics are like the same to those usual gambling games like Dice or Hi-Lo, even though they only use a price or coin as their medium/subject.

Gambling is about predicting too anyway but Binary Option is also applicable on prediction markets because like I said earlier, its medium or subject is about price or coin, and we people here in crypto are also predicting about the coins or their price from time to time. But maybe you mean to say is that we can include analysis on it, to make it less random.

[YOSHIE]

To you is binary option can be called trading or gambling?

If you want to mention the basic concept of binary options, of course you can choose two options, trading and gambling, because the concept applied by binary guessing is, in trading you will guess the price of your crypto asset to rise or fall and in gambling you also guess winning and losing.

For a certain period of time, guessing is not much different, the main concept of both is to start with capital, winning takes money and losing takes losses, so the essence of guessing binary options can be said that both methods use binary options.

[Cryptohygenic]

Are there traders that like binary option? Prediction market said they are trading platforms than gambling but in the past, most of us traders were calling binary options to be gambling even before the establishment of prediction markets.

I have also seen the binary option on a centralized exchanges which I bright to this trading discussion board few months ago but which is called Event Futures on the exchange. I still think that binary option are gambling.

It has also been up to my head and like some other people may also relate dynamically the interrelationship between trading and gambling, there're terms of trading such as the "DAY TRADING, SWING TRADING and the SCALP TRADING"  Which aligns with the concepts of gambling and if not of their differences of events, they almost are the same.
So if someone would have to say binary trading option is gambling, I may directly disagree but indirectly I'll agree because they shares almost same risk and quite dancing within certain durability.

[batang_bitcoin]

Binary options before were considered as gambling and maybe as it evolves through the prediction market, people are going to think of it as a prediction market and no longer a gambling thing.

Gambling or trading? Because I think I see it mostly in the trading platforms before and then eventually, some gambling platforms are now adopting it. But no doubt, as its mechanics are like the same to those usual gambling games like Dice or Hi-Lo, even though they only use a price or coin as their medium/subject.

Gambling is about predicting too anyway but Binary Option is also applicable on prediction markets because like I said earlier, its medium or subject is about price or coin, and we people here in crypto are also predicting about the coins or their price from time to time. But maybe you mean to say is that we can include analysis on it, to make it less random.

I think most of them treated it as a gamble. But it's not that much difference at all when it's also said to be a kind of trading. So, here we are seeing both worlds meet about these risky things that involves like betting. The differentiation really differs on who's looking at it, we can say that the binary options is prediction hi-lo but, no need to get confused as it really quite of both and the same. As for the prediction markets, I think soon it will be classified by the governments that it's a type of a gamble and not of trading since they're starting to crack these platforms for being unregistered.