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Second Contract Trading In Crypto
Second-contract trading allows the investors to predict whether the price of a specific cryptocurrency would be high or low at the time of options expiry. In case if the investor can predict it right, he will be able to end up securing a higher profit. In case the investor fails to make the correct guess, he will end up losing the principal investment amount.
Is there anything objectionable (Islamically) in it? On the surface, it looks like gambling (predictions/guesses).
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8 Replies
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Second Contract Trading In Crypto
updated 1 year ago
2 Members
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8
Replies
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Any response?
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This is not gambling. Gambling is when you take others’ money with a guess, giving them nothing in return.
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In this case also, the one losing (not making correct guess/prediction) is not getting anything. So how come its different from gambling?
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You are not getting his money. This kind of guess more or less is always at work when you do business.
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Whose money am I getting then? Little confused.
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In business you get others money to give them something in return.
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@UmerQureshi may help.
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What is a person, losing in this scenario, getting? I am not able to understand your reply. My prediction/ guess was right so I made money and his was wrong so he lost his principal. What did I give him in return ?
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