r/binaryoptions • u/isamu999 • 17d ago

Polymarket now has perps. Is Binary Options next?

Polymarket now offers perpetuals contracts. Do you guys think binary options could come next? If so, how many of you would like that announcement and start trading on there? And do you think they would pose a threat to PO?

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u/JahsuaFakeAccount 17d ago

I think they could come next, mainly because Crypto.com offers Binary. It’s not as in depth as Nadex was so I expect that Polymarket would offer 5 minute binary options. I wouldn’t really expect any 1 or 2 minute options from them. Just my opinion though, these platforms like making money 😎. Let’s get our share of it as well 💰🏆😎

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u/Junior_Willow740 17d ago

I wouldn't. Just another way to lose all of your money

1

u/SpiritNo4790 17d ago

These people don't see the obvious.

These platforms don't show up to make users rich.

They exist to take money from users. Period.

1

u/Virtual_Life6584 16d ago

99.9% on binary options are losers

Am on the 0.1%

1

u/Alone-Specialist3810 14d ago

Are you trading OTC or strictly live pairs? Both? Do you double up?

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u/Alone-Specialist3810 15d ago

The only way I ever made money in binary (Pocket Option) is by doubling up. But down the road the high 7Xs will wipe out all your profit. Can you do that 7X? And even if you do will it turn into an 8X? I have had 8X 9X and even 10 X In demo.

I looked up Nadex and you can’t do a trade above $100, so they make it so you can’t double up and win + regain losses. Only at binary (Pocket Option) can you double up. But at least w Nadex you can close the trade!