Topic: Are gambling altcoins undervalued? (Read 497 times)
They aren't undervalued. They are unpopular for a reason. Nobody uses them because you can easily use any other coin. They don't give you any advantage and even make you more vulnerable because they are much more volatile and not widely accepted so it's actually harder to find services that will accept them. I'm not interested in using something like that.
Sometimes it is not all about gambling altcoins being undervalued (If you mean percentage of usage).
It is just most of Crypto users do not really know how to work with them. How can someone start using them and get some profit?
There needs to be some study, reading information before stepping their foot into Alts.
Some do not understand how trading with them really works and if it is a reliable solution as they might be afraid losing everything they gotten so far.
It is just most of Crypto users do not really know how to work with them. How can someone start using them and get some profit?
There needs to be some study, reading information before stepping their foot into Alts.
Some do not understand how trading with them really works and if it is a reliable solution as they might be afraid losing everything they gotten so far.
Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
There are already lots of existing crypto coins in the market as far as I know way back the date I have started getting engage into this crypto community that a lot of alternative coins or commonly known as altcoins has existed rather than just Bitcoin itself which d have its own purpose why it was created and how it must be used. Well, I am really not underestimating the value of altcoins because with regards to gambling, we all know that Bitcoin was not just the only crypto being used by online gambling sites because the availability and capability of other coins to be used is also present. That is why I find every altcoins important most of the time because like Bitcoin, they also have that capability to grow their prices to be beneficial for us. Which is the main reason I get into an exchange to explore alternative coins buying and trading at the same time with just 50% trading fee so that from fiat I can have the altcoin I want or from crypto to crypto that I can be able to use to play gambling not just with Bitcoin itself because crypto world is really wide so exploration with the other coins is a good thing to witness what they can afford to give.
A total shitpost!
On topic,they arent undervalued yet these coins is being created specifically with gambling but these do still end up on failure.Why? People always prefer the best one which is Bitcoin.
No matter how fast or low fees it do have,people would still stick to traditional ways.
decent read. i am still getting to grips with all things blockchain, bit i think i agree with may of the responses already - BTC and maybe ETH have become like real money, and people only want to gamble with real money. So any other "altcoin" blockchain projects have two options:
1. allow betting with BTC or ETH
pro: this is what people want (real money betting)
con: what is the altcoin token for then? what 'job' does it do and why would it appreciate in value?
2. allow betting with your altcoin
pro: ?
con: why bet with what is really just play money?
i don't really know much about funfair or edgeless, so can't comment on them directly, but the above is my general take.
1. allow betting with BTC or ETH
pro: this is what people want (real money betting)
con: what is the altcoin token for then? what 'job' does it do and why would it appreciate in value?
2. allow betting with your altcoin
pro: ?
con: why bet with what is really just play money?
i don't really know much about funfair or edgeless, so can't comment on them directly, but the above is my general take.
Broadly agree with this. Ultimately there has to be a compelling reason for someone to choose to gamble with a dedicated altcoin, and so far no-one has provided it.
decent read. i am still getting to grips with all things blockchain, bit i think i agree with may of the responses already - BTC and maybe ETH have become like real money, and people only want to gamble with real money. So any other "altcoin" blockchain projects have two options:
1. allow betting with BTC or ETH
pro: this is what people want (real money betting)
con: what is the altcoin token for then? what 'job' does it do and why would it appreciate in value?
2. allow betting with your altcoin
pro: ?
con: why bet with what is really just play money?
i don't really know much about funfair or edgeless, so can't comment on them directly, but the above is my general take.
1. allow betting with BTC or ETH
pro: this is what people want (real money betting)
con: what is the altcoin token for then? what 'job' does it do and why would it appreciate in value?
2. allow betting with your altcoin
pro: ?
con: why bet with what is really just play money?
i don't really know much about funfair or edgeless, so can't comment on them directly, but the above is my general take.
Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
I do not know about your purpose, either if you are going to try some promote the coin here and ask people to gamble it or just literally make a discussion. But as far as I know with bitcoin price currently, there is not wise to stay on your feet. If you want to increase the value, of course you should gambling it, yes you will lose but it is much more better than stake it like that. We do not talking about some big coin like bitcoin, this is actually not cost that much so you can bet it slowly to regain everything back
Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
I think that coin can bounce to the high price, but unfortunately, we never know when the time will come. I think it's because we are seeing bitcoin price getting down too deep that makes altcoin become undervalued. There will be many new coins for gambling like the existing coins, but they need to compete with the other coins for gambling. They need to give more benefits to the people so people can know which are those coin that will be profitable not just in gambling but also for making a profit in trading.
Most of the people needs much more profit because anyone without money will not be accepted by this world so they are choosing the way of getting much more profitable gambling currency that's why altcoinsor not then a big part in gambling investment but if the value of any currency become increased then it will definitely be changed.
trading and gambling are verry common due to their high risk . when you trade you are also gambling and when you gamble you are also trading ( vice versa ) . stable coin or not , it does not really matter because what matter the most is your bets .
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You have a point on that mate both is high risk but the point of this choosing altcoins for gambling is double high risk the situation of altcoins compare to bitcoin stay minimal downgrade their price unlike altcoins if this price goes down almost 50 to 60 percent droppings so possible they got huge alot of loses.
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You have a point on that mate both is high risk but the point of this choosing altcoins for gambling is double high risk the situation of altcoins compare to bitcoin stay minimal downgrade their price unlike altcoins if this price goes down almost 50 to 60 percent droppings so possible they got huge alot of loses.
I've never really thought about investing in one of these coins that's made exclusively for gambling.
It just really doesn't make sense to my why people would use those coins over already established forms of cryptocurrency.
Part of the fun in gambling, is immediately knowing when you've won big and knowing how much you've won.
Most people already have an idea about the monetary value of their wins when it's in Bitcoin or another popular altcoin.
You don't have that with these gambling altcoins.
Indeed, Why will you invest if there’s already a giant coins that are being accepted on any gambling sites. This is why its hard for them to recover because they only support gambling which most of the gambler don’t trust to use small coins on playing. It just really doesn't make sense to my why people would use those coins over already established forms of cryptocurrency.
Part of the fun in gambling, is immediately knowing when you've won big and knowing how much you've won.
Most people already have an idea about the monetary value of their wins when it's in Bitcoin or another popular altcoin.
You don't have that with these gambling altcoins.
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
These coins are good alternatives but as we all know that anything do passes.It might get some popularity for a while but later on it would dumped down when the hype or interest already depletes.
Most people already keep coins like LTC, ETH and BTC in cold or mid-term storage, and in many cases people want to keep as few wallets as possible for storage; I personally just use Litecoin and BTC for deposits into casinos as they're the two biggest components of my cold storage and I feel both coins offer good enough confirmation times. I really don't find any gambling alts out right now to be significantly undervalued, though this bear market we're in has obviously brought the prices of some legitimate projects down.
It's all a matter of liquidity and practicality to draw. Who wants to play, do not want to waste time thinking much about how you could do to get what you earn from the casino. Or convert several times to play. It is not an investment.
I agree with what you said and since we have other coins that one can used to gamble direct it might be very difficult for gamblers to convert those coins to gamble altcoins before gamble since gambling has not been classified as investments.
It has been discussed a lot of times.
It is better to choose Bitcoin or any top of the list altcoins to gamble rather than use the one that they've provided.
Once the value of it getting pumped too much it won't last any longer, it will just fall just like the rest of them in gambling.
It is better to choose Bitcoin or any top of the list altcoins to gamble rather than use the one that they've provided.
Once the value of it getting pumped too much it won't last any longer, it will just fall just like the rest of them in gambling.
It's all a matter of liquidity and practicality to withdraw. Who wants to play, do not want to waste time thinking much about how you could do to get what you earn from the casino. Or convert several times to play. It is not an investment.
Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
It happens that mostly accepted coins for gambling are those who are in the top BTC, ETH and some others. But those coins that don't have market value will certainly decline. Those on the top have already establish good market connections thus, they could be trusted by merchants and gambling companies. Of course they look for assurance and to make sure that they could be not fall into nothing. The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
You also need to understand that Bitcoin and Ethereum are a reference for the rest of the market. When the market of those two is down since people tend to generalize they think that the Cryptocurrency market is down and for that reason the whole market goes down.
It's all down to personal preference but you will see that when the price goes up again the investment in altcoins will increase also.
IMO this is a reflection of the immaturity of the market and the lack of genuine use cases that are being adopted by a sizeable audience.
When/if that changes, alts that have high demand and circulation because they are linked directly to a world-class product or service should be able to stand alone.
The reason its undervalue is because there are no other place to spend other than specific gambling site, and with a lot of coins with the same purpose then the alt coin will slowly losing its transaction volume due to the diversify, when the gambler see the coin that they won keep on decreasing they will find other coin to used, its better just to used bitcoin for now because it can be used in alot of place and the price is more stable than other crypto
Not sure I agree there. Of course bitcoin has more uses, but at gambling coins have a use, which is more than can be said for a big chunk of crypto projects.
Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies.
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
The conclusion was that gambling alts (like FunFair, Edgeless, etc.) are undervalued given that gambling is a key use case for cryptocurrencies.
Of course, FunFair at one point had a $900m+ marketcap (now just $21m).
Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin?
Here's the article: https://www.cryptogamblingnews.com/crypto-gambling-undervalued/
You also need to understand that Bitcoin and Ethereum are a reference for the rest of the market. When the market of those two is down since people tend to generalize they think that the Cryptocurrency market is down and for that reason the whole market goes down.
It's all down to personal preference but you will see that when the price goes up again the investment in altcoins will increase also.
I've never really thought about investing in one of these coins that's made exclusively for gambling.
It just really doesn't make sense to my why people would use those coins over already established forms of cryptocurrency.
Part of the fun in gambling, is immediately knowing when you've won big and knowing how much you've won.
Most people already have an idea about the monetary value of their wins when it's in Bitcoin or another popular altcoin.
You don't have that with these gambling altcoins.
If we are using bitcoin or other popular crypto currency then the conversion of those coins into fiat wheneer we want will be easy but the rare gambling tokens may not available at the reputed exchanges so we have to wait long and pay more fee to the conversion of bitcoin and then later we need to convert it into fiat too much of steps for conversion pisses many gamblers and made them to stick with bitcoin.It just really doesn't make sense to my why people would use those coins over already established forms of cryptocurrency.
Part of the fun in gambling, is immediately knowing when you've won big and knowing how much you've won.
Most people already have an idea about the monetary value of their wins when it's in Bitcoin or another popular altcoin.
You don't have that with these gambling altcoins.
This is a good point. I think some of the these gambling-focused alts might need to take the plunge and act as an exchange / bank on site, allowing people to buy/sell their coins directly with the operator.
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