Posts: 207 · Reputation: 287
Did you know you can make predictions on Bitcoin’s price through prediction markets? I’m talking durations from just 5 minutes to several days. It's kinda like binary options.
Posts: 68 · Reputation: 14
For real, binary options are straight-up gambling. Once you add a time expiration, it messes with your mind and decision-making.
Posts: 45 · Reputation: 22
Totally agree, adding a time frame turns it into gambling. It's just a trap for bettors posing as traders.
H Posts: 57 · Reputation: 80
Funny, I believed the hype too. When I started with Forex, they sold binary options as similar to regular trading. Now I get it, rather stick to centralized exchanges for my Bitcoin trades.
0 Posts: 38 · Reputation: 11
I’ve never touched binary options. They seemed too risky and just like flipping a coin. Futures were my entry point into trading.
C Posts: 24 · Reputation: 260
I see prediction markets as more gambling than trading. I feel they offer longer time frames than binary options, which is a plus, but it’s hard to shake off that betting vibe.
T Posts: 3 · Reputation: 5958
Exactly, the binary option system is more like placing sports bets. Even if you do analysis, that ticking clock puts you in a gamble mindset.
W Posts: 242 · Reputation: 853
Yeah, and most binary options out there don't even have realistic time frames. How can you make smart moves in a few seconds? It’s just a dice roll.
M Posts: 26 · Reputation: 156
Honestly, I think all trading is a level of gambling. Prediction markets are just a further extension of that.
Ca Posts: 146 · Reputation: 784
#10 Sep 30, 2017, 11:49 AM That's where this convo gets tricky. Some folks end up saying everything’s gambling. I just want to know if binary trading really can be compared to real trading.
B Posts: 23 · Reputation: 8
#11 Sep 30, 2017, 02:34 PM I doubt binary options are ever seen as trading. They feel like a high-stakes gamble, sorta like a 50-50 bet.
Posts: 103 · Reputation: 42
#12 Sep 30, 2017, 05:41 PM Someone actually said binary options are like the casino crash games. Speculate if prices rise or fall, but you’re on the edge.
Th Posts: 42 · Reputation: 31
I see what you mean. Predicting an outcome is very much like gambling, even in prediction markets. It's just dressed up as trading.
A Posts: 75 · Reputation: 1540
For me, prediction markets are a gamble in disguise. You throw money at outcomes without any real strategy.
Posts: 34 · Reputation: 44
Binary options? Just a fancy way of saying you’re gambling. With real trading, you actually have something tangible.
Posts: 7 · Reputation: 79
Not much to think about. Using prediction markets feels like you're just gambling on Bitcoin prices, not trading.
Posts: 103 · Reputation: 42
It’s all or nothing with binary options. In trading, there’s always some form of recovery unless you use.
W Posts: 9 · Reputation: 128
Binary options are definitely gambling. Prediction markets might let you bet on events, but it's still risky.
A Posts: 16 · Reputation: 20
A lot of peeps are drawn to prediction markets for real-world events but navigating through insider info can be a big mess.
F Posts: 34 · Reputation: 319
Lol true, prediction markets are like a gamble on life events. But insider trading rumors? Definitely sketchy.