Crypto gamblers are everywhere, but you might not have seen how others lose money. Recently, there's a ready-made example to show you how terrifying gambling can be!
This is the very popular live streamer "Shichigen-kun" on Nico, who recently released a series of highly emotional live videos where he uses his remaining limited assets to gamble on binary options (Binary Options, BO).
What are binary options?
Binary options are simply a "ultra-short-term financial derivative" that sounds like an investment product on the surface, but is actually closer to legal online gambling.
"Binary" → Only two options: Rise (Call) or Fall (Put).
Investors bet on whether a specific underlying asset (usually forex, gold, stock indices, etc.) will rise or fall in an extremely short time (30 seconds, 1 minute, 5 minutes, etc.). Settlement is immediate when the time is up:
If guessed correctly → Receive a fixed return (for example, bet 100 USD, with an 80% return rate, you get back 180).
If guessed incorrectly → The entire principal is directly confiscated (reduced to zero).
Unlike traditional options, it has no "holding until expiration, exercise price", it's just a quick "YES / NO" gambling.
Shichigen-kun's Extreme Emotions
This Japanese live streamer recently started his "BO Season 2" theme, using his only 30,000 yen to buy forex for Japanese yen and US dollars. On the first try, he successfully earned over 5 times, turning 30,000 yen into 155,000 yen in just five minutes. This live stream attracted many netizens who screamed along with him, letting people feel the excitement of highly volatile investments and how crazy dopamine can be. Here's a clip edited by netizens, pay attention to the volume:
After earning 150,000 yen? Reduced to zero!
As the saying goes, nine out of ten gamble and lose, let alone a BO investment product close to gambling, where the expected value is fundamentally negative. Shichigen-kun took the 155,000 yen he first earned and unsurprisingly pushed it back into BO, and as expected, luck only lasted once. The second time, 155,000 yen was directly reduced to zero. But netizens heard his desperate cry "No～～～" while crying and pounding the table, all feeling it was incredibly thrilling.
Adrenaline at its peak, time to safely exit
In recent years, the crypto circle has been very popular with the saying "trading is entertainment, entertainment is trading", which speaks to the special trading culture produced by meme coin markets, where investors not only experience the excitement of extreme rises and falls but also have strong community participation.
However, this investment method is not far from gambling, which has also given many traditional groups a quite negative perception of the crypto market.
For many people, momentary happiness ends when the principal is lost and they have to go back to work, so they can't help but advise everyone in the end that if you want to make money, you must do good risk control. After all, works like "Gambling Apocalypse" and "FX Fighter Kurumi" have all told us how terrifying gambling can be.
