Are gambling altcoins undervalued? - page 2.

Ucy

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Quote from: meliquiades on February 05, 2019, 12:42:15 PM

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/

900millions to 21 million is such a massive loss. ..never knew about Funfair. Maybe they did little advertisement or had nothing to offer hence the massive loss.
The name Edgeless was a bit popular back then it probably got quiet due to the bear market.

detector

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When you decide to gamble with altcoin, your risk is greater as much as twice because most coin will follow bitcoin as well.
So personally I dislike to gamble with altcoin.

But if you want to achieve more profit in gambling, altcoin may the best option !

Indrawan77

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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

meliquiades

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Quote from: romero121 on February 06, 2019, 10:07:02 AM

Quote from: meliquiades on February 05, 2019, 12:42:15 PM

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/

This will truly help with the increasing circulation of the tokens. This will generate volume to the altcoin token. But, to the same as its peak it won't bounce back just because of the token getting added to the gambling website. Majority of the users prefer bitcoin over many other tokens and altcoins.

Circulation of the token is key here. The economy of these gambling alts is very simple: generate demand for the token by offering a gambling product people want to play, reduce supply of the token because people lose said tokens to the house. In theory, price increases.

The problem is the experience offered by most hasn't been good enough so far to generate significant demand. If that changes, the model should hold up.

eternalgloom

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Quote from: shoreno on February 07, 2019, 07:19:55 AM

Quote from: eternalgloom on February 07, 2019, 06:56:54 AM

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.

Quote

It just really doesn't make sense to my why people would use those coins over already established forms of cryptocurrency.

alts are cheap and lightweight . you can buy them easily when you are in tight budget and you can transfer them swiftly to your gambling account without any hassel .

Quote

Part of the fun in gambling, is immediately knowing when you've won big and knowing how much you've won

If you are concern about your money then you are not playing for fun but you are already playing for the profit .

Yes alts are undervalue but we must not under estimate them because they are also useful alternative to btc

We're not just talking about regular, popular altcoins here, but specifically about gambling altcoins.
Those usually have a pretty low marketcap and not really enough volume.

You're completely missing the point of what I'm saying. I'm all for gambling with regular altcoins, just not altcoins that are specifically designed for gambling.

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Quote from: eternalgloom on February 07, 2019, 06:56:54 AM

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.

shoreno

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Quote from: eternalgloom on February 07, 2019, 06:56:54 AM

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.

Quote

It just really doesn't make sense to my why people would use those coins over already established forms of cryptocurrency.

alts are cheap and lightweight . you can buy them easily when you are in tight budget and you can transfer them swiftly to your gambling account without any hassel .

Quote

Part of the fun in gambling, is immediately knowing when you've won big and knowing how much you've won

If you are concern about your money then you are not playing for fun but you are already playing for the profit .

Yes alts are undervalue but we must not under estimate them because they are also useful alternative to btc

eternalgloom

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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.

mersal

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Quote from: meliquiades on February 05, 2019, 12:42:15 PM

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/

people are mostly used in the same way of gambling they don't want to take risk in their investment that's why they are keep going with the other Gamblers way and I think it had not defects and anyone if anyone wants to do he is gambling Ne profitable way then why they want to take risk and some of the new gambling methods.

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Quote from: bitgolden on February 07, 2019, 02:25:53 AM

It shows bitcoins and few other major cryptos alone still remaining as favorite betting asset for gamblers regardless of whatever conveniences are being assured by dedicated gambling tokens. I mean even crypto based gambling industry is booming, gambling tokens are still facing hard time to attract its adopters.

Exactly, bitcoins and other major coins will still be the choice of gamblers around. It's a fast phase life, we don't have time to look for alternatives just to play and would rather used the more reliable coins like bitcoins, litecoin and even dogecoin.

Quote from: bitgolden on February 07, 2019, 02:25:53 AM

Other than this, the negative trend of crypto space must be another reason why we are having these tokens undervalued. But, I believe, there would have been more chances for these tokens to gain more value when it might remain attractive enough for gamblers regardless of where is crypto space is trading.

Of course this bear market has put a dent on everyone's shoulders. And it's reflective to almost all tokens right now. I don't know, I'm an old school and wouldn't try any crypto to gamble other than what I used in the past.

Kasabus

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Quote from: bitgolden on February 07, 2019, 02:25:53 AM

It shows bitcoins and few other major cryptos alone still remaining as favorite betting asset for gamblers regardless of whatever conveniences are being assured by dedicated gambling tokens. I mean even crypto based gambling industry is booming, gambling tokens are still facing hard time to attract its adopters.

Other than this, the negative trend of crypto space must be another reason why we are having these tokens undervalued. But, I believe, there would have been more chances for these tokens to gain more value when it might remain attractive enough for gamblers regardless of where is crypto space is trading.

If they will use it as a means to gamble only then I think it's not hard for them.
These gamblers are looking for a coins that they can easily exchange after they gamble, usually regular gamblers are looking for a high
volume coins so there will be no problem with the liquidity in case they trade. For now, it's the status, they need to exchange
but it's more convenient to them since it's cheaper and faster with crypto compared to fiat gambling.

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It shows bitcoins and few other major cryptos alone still remaining as favorite betting asset for gamblers regardless of whatever conveniences are being assured by dedicated gambling tokens. I mean even crypto based gambling industry is booming, gambling tokens are still facing hard time to attract its adopters.

Other than this, the negative trend of crypto space must be another reason why we are having these tokens undervalued. But, I believe, there would have been more chances for these tokens to gain more value when it might remain attractive enough for gamblers regardless of where is crypto space is trading.

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Quote from: omonuyak on February 06, 2019, 10:12:09 AM

Everything related to cryptocurrencies market are really done now and I think I could really see this as a bad time for cryptocurrencies investors. Gambling industries that has actract alot of crypto enthusiast that are in love with gambling have put money in the market but because of the current happening in cryptocurrencies market everything is done.

They are competitors in the market and they are promoting their site claiming they are a decentralize gambling site.
Unfortunately, not all people are amaze with the idea, those people who are not too technical would prefer a simpler platform where
they can use a more stable coin like BTC.

EDG and FUN is profitable looking at the current price now because they started at a very low price but it will not attract majority of the gamblers as its less stable compared to major cryptocurrency.

omonuyak

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Everything related to cryptocurrencies market are really done now and I think I could really see this as a bad time for cryptocurrencies investors. Gambling industries that has actract alot of crypto enthusiast that are in love with gambling have put money in the market but because of the current happening in cryptocurrencies market everything is done.

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Quote from: meliquiades on February 05, 2019, 12:42:15 PM

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/

This will truly help with the increasing circulation of the tokens. This will generate volume to the altcoin token. But, to the same as its peak it won't bounce back just because of the token getting added to the gambling website. Majority of the users prefer bitcoin over many other tokens and altcoins.

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Quote from: swogerino on February 06, 2019, 05:48:15 AM

Right now they are undervalued and it is a good time to buy them for anyone who believes in the bouncing back of all the cryptos.

It is wise to play with these altcoins now as the loss will not be big but if you win you keep your winnings and hope for the price to rise, looks like a situation in which we can take some profit.

Many altcoins are in the undervalued, and most of them have decreased too deep. And if we want to buy altcoin, we can get a lot of amount of the coins especially if we are playing gambling using dogecoin, reddcoin, xvg and else. I always use altcoin in the gambling game because with the altcoin, and I don't have to regret if somehow, I lose in the next round. Besides that, if I want to buy altcoin, I don't have to use a big balance to get a big amount of altcoin.

audaciousbeing

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Quote from: meliquiades on February 05, 2019, 12:42:15 PM

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/

Concluding altcoins would bounce back is going to be a long shots that one would need to be more careful in giving an estimate. At some point the price of BCH was was $1000 but now its just fairly above $100 the same fate befell ETH and other major alt coin without any sign of recovery in sight. If the major alt coins could be hit this hard, I wonder the amount of hope left for the fairly known alt coins that are out there among which is the example you have stated.

New coins will continue to emerge every day while some will stand the test of time, other might face extinction really soon and there is nothing anyone can do about it. Its a fundamental law that must be applied to in the crypto industry.

livingfree

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I see that you have created a new thread on Speculations (Altcoins).

Please refrain from doing this, you're duplicating your topic.

meliquiades

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Quote from: avikz on February 06, 2019, 06:32:16 AM

Quote from: meliquiades on February 05, 2019, 12:42:15 PM

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/

I don't really understand the point behind rolling out a new crypto token for using in gambling sites! The crypto market is bursting with loads of crypto tokens right at the moment and majority of them has no value. So rolling out a new token just to use in a gambling site, makes really no sense as the utility of such tokens will be very limited. Instead gambling companies should just continue using top cryptos like bitcoin, Eth or any other well circulated cryptos. That makes more sense instead of rolling out a whole new coin or token. I don't see any good future for limited tokens for gambling only.

Agree with this with the exception that if the coin adds some kind of new functionality that improves the gambling experience, it may be worth it.

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Quote from: Pffrt on February 06, 2019, 03:34:41 AM

When market will get more investors and market will be floodee with lots of money, of course those coin will also be rise. Gambling and cryptocurrency are connected with each other. Crypto has very little real life usage and gambling industry is one of them.

That's the relationship between, gambling is there to adopt crypto in order to have a good purposes but in terms of specific coins it's hard to predict
as many gamblers still conveniently using bitcoin and those most trusted coins to play, those mentioned coins will bounce back only if they will gain
real business that will collaborate with them.

Chances still there after the bearish ended we will see how this coin will progress.

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