Is gambling with Bitcoins on Binary Options real See here!

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Gambling with Bitcoins on Binary Options

There are a lot of talks about crypto currencies nowadays. Some claim that it is illegal and uncontrolled by any existing governmental organization. But the fact is rather simple, more and more people become aware of cryptocurrencies and, hence, start using them.

Furthermore, cryptocurrencies have a real exchange rate and can be easily traded for real currencies like dollars or pounds. Sounds interesting? Read full gambling with Bitcoins on Binary Options article and see how you can get revenue from it while having some fun!

What is Bitcoin?

Bitcoin is the main cryptocurrency that exists nowadays. At this moment it is accepted by a large variety of online and offline shops and can be traded against the main currencies on the Forex market. Additionally, it is used as the main payment option in the deep web. Recent news suggests that the Chinese grey market has accepted bitcoins as their main currency as well, which has resulted in the recent increase in the price of BTC.

From the point of view of the traditional monetarism, Bitcoins do not have any real value since they are not supported by any type of goods and services produced as well as this currency does not have any commodities to back it up. Next to this, BTCs are not printed and cannot be placed into a deposit account of any traditional bank. Cryptocurrencies as such are stored only on the hard drives of their owners or at certain web services. Now as you know what bitcoin is, let’s find out whether bitcoin gambling can be profitable.

How to predict BTC volatility

Looking at a weekly chart of BTC/USD it can be easily observed that this cryptocurrency is highly volatile when compared to all major currencies. This is why it can be the perfect instrument for binary options.

Additionally, this idea can be confirmed via 1-minute chart of BTC/USD. As can be seen on the graph presented below, BTC/USD support levels are not as easy to analyze. Also, movement of this instrument is less responsive to upcoming news since BTC is not related to any specific country and exists outside of the governmental control. This makes bitcoin gambling a rather viable option as it can be predicted easier via technical analysis.

Of course, if there are news about dollars or Euro, they will most certainly have an influence on bitcoins, but you have to be cautious with such predictions.

For volatility predictions, you can use recent cryptocurrency trends and activity of the deep web combined with the macroeconomic data of the currencies, yet it rather has a fractional impact when trading binary options on BTC/USD.

Bitcoin Gambling During Bubbles

Gambling on cryptocurrency during bubbles is one of the most profitable strategies. Bubbles can be characterized as sharp and straightforward, hence easy to predict.

It is never possible to predict the length of the bubble and the impact of it, any bubble can result in BTC/USD price going as high as 10,000 USD per 1 BTC or falling as low as an absolute 0. Hence, investing your own money into BTC may be rather tricky during such periods. However, as the odds of binary options are fixed, this is why getting into binary options is one of the best ways of bitcoin gambling. When you see a start of the bubble, simply get a PUT Option on BTC/USD for the time period you expect the bubble to last.

Gambling BTC on Binary Options

It is obvious that the best way to gamble on Bitcoins is by using binary options on BTC/USD or BTC/EUR. It is recommended to use the only basic type of binary options and do not use ladder or Touch/No Touch options. Such options are recommended only for gambling during bubbles if you are okay with high uncertainty and are looking for very high payouts.

Most of the regulated binary options brokers offer BTC/USD as well as BTC/EUR, so it is not difficult to find the one that fits you. The main recommendation is to test the platform before making a deposit so you will be sure that you feel comfortable with it.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

Remember, check Binary Options broker reviews before you register, this way you will not find yourself having business with a scam. Make your bitcoin gambling on binary options only with honest brokers that will allow you to withdraw your profits without any restrictions.

Bitcoin Binary Options

The entry of Bitcoin into the world of digital payments has paved a way for other crypto-currencies to emerge as well. And whether you see it or not, the future of Bitcoin is as bright as the sun. Soon enough, Bitcoin will become a commodity and a standard form of money that people can widely use to pay for any of their purchases.

Bitcoiners are taking good care of their bitcoins because they believe that Bitcoin prices will skyrocket soon. For this reason, many Bitcoin owners are now opting to use Binary Options to improve their Bitcoin investments as much as possible.

Bitcoin will without a doubt become a mainstream currency in the near future. Trading binary options today will help you get the most out of your precious Bitcoins tomorrow. If you are not familiar with binary options, read along to know the basics, the drawbacks and more importantly its benefits.

What are binary options?

Binary options is a type of option wherein investments can turn into fixed amounts at a certain time frame or it can turn into nothing at all. Binary options allow traders to predict the volatility of assets whether the prices will rise or fall at a certain period of time. If the binary options prediction is correction, then traders will harvest profit. Otherwise, if the binary option prediction is incorrect, then the investor will incur an investment loss. Another form of the same thing are Bitcoin Prediction Markets – which are not limited to stocks or currencies – you can predict virtually everything.

Binary options basically means that you can either buy an option when the prices are up or when the prices are down for a given time. Binary options trades involve all or nothing bets.

Investors have the chance of possibly maximizing their investments if they make the right options. If their predictions are incorrect then they’ll lose everything they bet on. That is why binary options is also dubbed as all-or-nothing options, digital options and Fixed Return Options.

How does trading in binary options work?

Trading in binary options is pretty simple if you already understand how things work. You need to first select an asset you want to invest in and then make a prediction on whether that asset’s price will go up or down at some point in time.

Once you have decided on how to attack the assets, you then make a deal with the broker you are working with. After selecting the amount you want to risk, the broker will then provide you with projected profit (usually a percentage ranging from 60-90%) if your predictions are correct, otherwise you will lose everything you invested. So binary options trading is much simpler than regular crypto currency trading – but it also has the downside that there is just a option of win or loose your whole “portfolio”.

The best thing about binary options is that everything is initially laid out before you even commit to trades. So you really know what you’re getting yourself into before you invest any amount into an option.

The thing to remember when trading binary options is that there are expiry times that will ultimately work best for you. Depending on your preferences, you can trade for a short period of time or longer. The maturities of options will also vary depending on how long you set the expiry time to – you can set it to 60 seconds, 5 minutes or for hours whichever suits your option commitments. Once the binary options trade is locked in, all you need to do is wait for your options to mature.

Why use Bitcoin for binary options?

Bitcoiners who don’t want the effort to learn profitable trading on the crypto exchange markets, can take advantage of binary options to ease trading Bitcoins and turn their investments into profit. Trading Bitcoins using binary options can be d one through an online platform which makes transactions a lot easier and more convenient. Bitcoiners can trade any amount anonymously whenever and wherever they want to. That’s the best thing about all-Bitcoin binary options platforms – they facilitate anonymous trading activities.

There are different types of investments you can do with binary options.

Call and Put Options

The most common type is the Call and Put option. “Call” investments are when you predict that the price of the asset will rise at a certain time frame. “Put” investments on the other hand are assets that are predicted to fall in prices at certain point in time. Bitcoiners can choose to either place a Call or Put option investment through a binary option platform or brokers that accommodate Bitcoin trades.

One Touch Options

One Touch options on the other hand are high yield options. When trading using the One Touch method, you must be certain that the price of the asset you invested in will touch or even exceed the predicted price while the trade is still live. Otherwise, the amount invested will be lost. The main advantage of using such trading method is that expiry times usually run up to a week so there’s ample time for the prices to reach a touch scenario.

Range Trading

Range trading, sometimes called boundary option, is another binary options trading method that feature high returns in all market conditions. Range trading works by betting money with a given price range or boundaries. The investor either select whether the price will hit ‘in’ or ‘out’ of the price boundaries. Investors will profit or lose investment upon maturity depending on whether the price touched or did not touch one of the set boundaries.

10 Minute Options

Another common type of binary options trade is the 10 Minute options. Binary options brokers usually set their default time limit to 10 minutes. With such trading options everything must be extremely calculated – meaning you need to be familiar with the daily price movements in order to get the most out of your investments.

60 Second Options

60 second options are also popular but they offer lower investment returns since the trades are done in a fast paced state.

Long Term Option

Long-term binary options are much more preferred because they offer lesser risks. Traders will also have more time to analyse the movement of the prices with longer binary option commitments.

What are binary options brokers?

Bitcoiners can trade Bitcoins by using binary options brokers to facilitate trading activities. Since Bitcoin is now growing in popularity, many brokers have already added the crypto-currency to their assets.

Before you start trading for Bitcoins though, you need to first know the different types of brokers that can help you deal with all kinds of technical stuff about binary options and Bitcoins as well. Combining binary options and Bitcoins together will give you a headache but with the right binary option broker, things should be a lot easier to understand and follow. Note that not all binary option brokers trade for Bitcoins so it is important to determine which ones accept the crypto-currency and which don’t.

There are basically two kinds of Bitcoin binary options brokers: (Type 1) The ones that use Bitcoin as the sole medium of exchange, and (Type 2) those that use Bitcoin as the underlying asset. Type 1 Bitcoin Binary Option Brokers are those brokers that specifically trade for Bitcoins. If you have Bitcoins, you’ll want to trade using the Type 1 broker so as to maintain your privacy.

What risks are involved in trading binary options?

Like any other type of trading or gambling, binary options has its own pros and cons. Risks are a great part of trading in binary options. If you don’t like taking risks, then you won’t enjoy trading in binary options.

The risks you will encounter when trading in binary options are the following: market risk, fixed profits, high probability for loss, illiquid and unregulated (well, most brokers are). Since the market mightmove in a different direction without any warning, binary options predictions may not exactly go as planned or as analysed. And even if the market do pinpoint exactly to the movement you predicted, the gains are fixed profits – meaning, you get a fixed amount even if the broker makes more from your investment.

The biggest risk when trading binary options is the sparse regulation with such trading system. If you get involve with a broker that run unscrupulous practices, then you immediately incur an investment loss.

To minimize the risk of trading binary options, you need to choose a binary options broker that already has a reputation of providing protection rate and would help limit your losses. Make sure that you really like the broker’s platform and services / features before you work with him or her. This way, you will have the confidence of trading binary options knowing that you can control the risks that comes with it.

Is binary options investing or gambling?

When trading with a binary options broker, the investors are actually trading against that broker. Meaning, when the investors make a profit, the binary options brokers meanwhile loses money. Thus, trading binary options is both an investment and a way of gambling like bitcoin poker or bitcoin sport betting is, too.

Binary options is an investment in a sense that you can be profitable if you choose the right options. Binary options trades involve gambling because you either win big or lose everything.

It doesn’t really matter what binary options actually is – whether it’s profiting through investing or gambling is not the real concern here. What’s the real issue is which trading brokers are legit and which ones are scams.

If online gambling is forbidden or restricted in your country, chances are high that binary options might be illegal too – but its up to you to figure that out in your specific country. But as theres no way to restrict bitcoin transactions, you can of course use a VPN service to get a IP from another country and trade binary options over the VPN connection. Make sure you dont use a USA or UK IP address because these are the countries where most binary option brokers themselves have restrictions for the users. Of course, if you are from the US or UK, you know that already.

Can I trust my broker?

Binary options brokers are not easy to find – reliable binary option brokers for that matter. There are a lot of so-called binary option brokers on the internet today but most of them are actually scam artists. Which is why it is important to scrutinize the binary options brokers before you start trading with them.

There are precautionary measures that investors can do to make sure that they only transact with a credible options broker. First of all, don’t ever trade with a broker that operates in a country that does not have strong regulatory system. Make sure that the broker you engaged with operates within the jurisdictions of a country that acknowledges binary options trades.

The rule of thumb is if the binary options broker has a lot of complaints about him, then he is probably not a good broker to trade with so avoid using his services at all cost. Consider any negative comments as a warning sign indicating that the broker might be a scam artist or simply an incompetent binary options broker.

What better way to determine the credibility of the binary broker than to give his services a test run – that is if the broker is willing to offer you a trial test. See to it that the broker’s platform suits your binary options strategies. Most binary options brokers are registered with reputable companies and they are more transparent with their operations.

Investors may also check out forums to see any discussions about binary options scams. There are a lot of information you can get via forums and chat rooms from people that have Bitcoin binary options experience.

Is there really a best binary option strategy?

Investors can get better investment outputs by using a specific binary options strategy to improve their chances to be profitable. Note that there is really no perfect strategy and success will always depend on the economic stability. These binary options strategies are basically guides to help investors foresee how their investments will turn out.

One binary options strategy involves “Calling” or “Putting” at the best possible time. There is also the strategy of “right timing” to generate profit regardless of how skilled or not the trader is. A strategy that basically focuses on economic statistics can also help traders get better investment returns. Certain tools are also provided by the brokers to give the investors projected positions of their assets and their prices at a given time frame.

The simplest way to improve your chances to be profitable is to tune in to financial news and check out the market figures yourself. Use your technical analytis skills to determine which assets or stocks are making profit and then use such information to make the right binary options investment.

The best strategy to use is the combination of all binary options strategies. Remember that binary options involve risks so using all the possible strategies will surely provide investors with better trade outcomes.

How can I trade anonymously with Bitcoin?

To ensure that there are no money laundering and fraud taking place, registered and licensed binary options brokers need to confirm the identities of all their customers. This is an industry process called the “Know Your Customer” (KYC).

Since most brokers would ask investors / traders to provide a form of identification, those who want to maintain their privacy wouldn’t be able to trade with such brokers unless they compromise their identity.

Which providers allow deposit in Bitcoin?

The best way to avoid identity verification is to make use of binary options brokers that only accept Bitcoin as the mode of payment / deposit process. There are various Bitcoin-only binary options brokers out there which traders can use to start growing their investments.

Some of the all-Bitcoin binary options trading platforms include Trade Rush, AnyOption, Beast Options and Fortune Jack among others. Use these brokers to maintain your anonymity while trading Bitcoins. Here’s a list of brokers that accept Bitcoin deposits and withdrawals.

If you dont have any bitcoins yet, there are several ways of getting them. The easiest way is to buy bitcoins with creditcard at one of these websites.

Are Bitcoin binary options against the law?

So far, Bitcoin gambling is still legal in most countries. There are still no specific laws governing the activities associated with Bitcoin gambling. Brokers that accommodate Bitcoin trades exist because they operate within a jurisdiction where Bitcoin gambling / investing is legal.

As long as a Bitcoin binary options operator has a legit operating licence regardless of where it is based in, investors can be assured that all trading activities are 100% regulated. For Bitcoin platform operators, most of them have licences issued in Costa Rica, Eastern Europe and in Panama City.

For whom is binary options useful for?

Binary options isn’t for everybody. If you don’t like taking risks, then binary options is definitely not for you. Know that the price you’ll get with binary options is either $0 or with a maximum payout of up to 90 percent.

If you would like to invest into something that will give you high return on investments at a short period of time, then consider trading binary options. You don’t need to trade big too, most binary options brokers accept small bets to allow traders to get a feel of how their binary options platforms work.

With binary options, you can multiply your Bitcoins as long as you stick with a strategy that works. Remember, binary options involves prediction, timing, volatility and risk so simply use licenced binary options operators to avoid the hassle of being scammed or tricked by an unlicensed broker.

Trading Bitcoin Binary Options Without Getting Scammed – 88% ROI??

If you’re looking into Bitcoin trading you’ve probably encountered companies like Trade Rush which provide Bitcoin Binary Options trading.

What Are Bitcoin Binary Options ?

Bitcoin Binary Options is a form of trading in which you predict if the price of Bitcoin will rise or fall in a certain amount of time. If you’re correct you earn the option’s payoff, if you’re incorrect you lose your investment. Each Bitcoin binary option has a specific expiration date at which the option is checked to see if it’s “In the money” (you were correct) or “Out of the money” (you were incorrect). Each Bitcoin binary option also has a specific payoff that you can win. They are called “Binary Options” because the outcome is either win or lose, there’s nothing in between.

An example for Bitcoin Binary Option Trading

For example, let’s say it’s 10am and the BTC price is $575.505. You believe that by 5:10pm on March 17th the price will be higher than $575.505 so you buy a “Call” option. If at 4pm the BTC price is higher than $575.505, you earn the payout of 73% of your investment, if it’s lower, you lose. Another example is if you think the BTC price will go down. You then buy a “Put” option. If the price at the expiration time is lower than the original price, you earn the option’s payout.

The Upside of Bitcoin Binary Options

  • You don’t have to know the exact value of Bitcoin when the option expires, only if it increased or decreased.
  • You don’t have to have extensive knowledge in trading to participate in Bitcoin binary options.
  • Payout can reach up to 88% return on investment.

The Downside of Bitcoin Binary Options

As you may have noticed, Bitcoin binary options have a great similarity to plain gambling. If you study binary options in detail you will see that the trading platform will always have an edge over the investor (you need to win over 50% of the time just to break even). Because of the unpredictable nature of Bitcoin binary options many countries have strict regulations regarding who is allowed to operate such a business, it is advisable to check if the exchange were you wish to trade Bitcoin binary options is regulated. Also Bitcoin options can become highly addictive (just like gambling), and no matter how knowledgable you are, it’s impossible to consistently predict what Bitcoin prices will do within a short time frame.

Bitcoin Binary Options Exchanges

Today, two companies have taken the advantage of Bitcoin’s increasing volatility and are allowing customers to trade in Bitcoin binary options: TradeRush – Accepts customers Worldwide. Top Option – Does not accept US customers.

Be careful! You’re Capital is At Risk

If I wasn’t clear enough until now, then keep in mind that trading in Binary Options is highly speculative and involves a significant risk of loss. Such trading is not suitable for all investors so you must ensure that you fully understand the risks before trading.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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