Is gambling another good use case for coin to have more demand?

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Quote from: FireBallex on May 27, 2020, 04:35:18 AM

Can gambling use case help a project to have good value in future? I was following a project called blockstamp and after they introduce their online casino platform in 2019 the coin surge over 1$ from 0.12$ I think, is gambling another way to make a coin demanding? Do you gamble online? E g casinos?

Probably so. There are project that purposely create a casino just to make their coin have some usage. Doge use to be just a coin until its accepted to some dice sites and gradually the number of casinos accepting it tanked. And because its fast we tend to use it more, now the trading volume is enormous already that is too huge to fail. Surging up to $1 from 12 cents is one proof that casinos help.

bitgolden

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We have to look at how many people actually deposit fiat to exchanges and get bitcoin and send it directly to casinos in order to figure out how many people actually get into bitcoin before they do anything else so most probably got into crypto just because of gambling. Of course we do not have a data to see them but we actually could get that data if we really wanted to.

All we have to do is all exchanges working together with all gambling casinos and seeing the data of addresses each one has that sent money to each other and that way we could see how many people actually use it just for gambling. We do not even need to do it for all, we could do like biggest 20 exchanges and biggest 20 casinos and it would show us a picture. Highly doubt exchanges and casinos would work together like that on it but that is a method anyway.

ElmedoRator

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Quote from: Ridwan Fauzi on May 28, 2020, 09:15:18 AM

I just thinking that crypto currency will make gambling place become powerful and can attract many people there to play gambling online.

As we may know, the current situation is a phase where the gambler conventional/traditional move to online gambling. And I can say gambling online is more comfortable then conventional gambling.

So, there will be many chance for new developer who will make a project based on gambling. Although many gambler now are prefer to choose bitcoin as their tool to play but they will choose altcoin as well if there is something new offered by some developers.

I totally agree with you, right now there are a lot of people using blockchain gambling because it is very simple and confidential their information. Certainly online gambling will thrive in the coming months and hopefully more altcoins will be chosen to gamble instead of bitcoin.

Kasabus

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Quote from: Ridwan Fauzi on May 28, 2020, 09:15:18 AM

I just thinking that crypto currency will make gambling place become powerful and can attract many people there to play gambling online.

As we may know, the current situation is a phase where the gambler conventional/traditional move to online gambling. And I can say gambling online is more comfortable then conventional gambling.

So, there will be many chance for new developer who will make a project based on gambling. Although many gambler now are prefer to choose bitcoin as their tool to play but they will choose altcoin as well if there is something new offered by some developers.

Yes. Gambling has been here already hundred years from now and it has proven to be more effective in promoting something. With the latest online casino nowadays, i think it will be a good start for a new coin to be recognize by the people and mostly investors once it will be used in gambling. There are a lot of gamblers worldwide so definitely this is a good revenue for new promotions to take place.

hushpupppy

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Quote from: FireBallex on May 27, 2020, 04:35:18 AM

Can gambling use case help a project to have good value in future? I was following a project called blockstamp and after they introduce their online casino platform in 2019 the coin surge over 1$ from 0.12$ I think, is gambling another way to make a coin demanding? Do you gamble online? E g casinos?

Gambling is not entirely a good use case for coins to have a demand, but for bitcoin, it is a very good demand.

It is important to have your gambling webpage in bitcoin to promote ease, fluently accessible and swift

semobo

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Quote from: FireBallex on May 27, 2020, 04:35:18 AM

Can gambling use case help a project to have good value in future? I was following a project called blockstamp and after they introduce their online casino platform in 2019 the coin surge over 1$ from 0.12$ I think, is gambling another way to make a coin demanding? Do you gamble online? E g casinos?

NO, because its not a new idea and already lot of projects were existing with the same use case so if someone creates a new tokens for gambling sites then it will probably have zero value.And there is no need for specific coin to use in gambling since most of the crypto currencies were used for gambling activities.

Scotslass

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It reminds me of articles about "dirty" money being laundred with crypto is a bad thing.
Crypto is just another way to store/make/move money around the world.
Yes people do play, gamble and etc etc so they will use any valuable currency to do it.
Yes people do steal, hack and etc so there will be crimes with crypto involved (as well as fiat).

Ridwan Fauzi

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I just thinking that crypto currency will make gambling place become powerful and can attract many people there to play gambling online.

As we may know, the current situation is a phase where the gambler conventional/traditional move to online gambling. And I can say gambling online is more comfortable then conventional gambling.

So, there will be many chance for new developer who will make a project based on gambling. Although many gambler now are prefer to choose bitcoin as their tool to play but they will choose altcoin as well if there is something new offered by some developers.

Reid

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It's an addition but not suppose to if your project ain't about gambling.
There are other ways to make a hype if you really want it to happen.

You could advertise it where there are a lot of people.
One example is the one you are talking about. Gambling.
They could manage to put your advertisement somewhere on their website.

Chuky92

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Quote from: FireBallex on May 27, 2020, 04:35:18 AM

Can gambling use case help a project to have good value in future? I was following a project called blockstamp and after they introduce their online casino platform in 2019 the coin surge over 1$ from 0.12$ I think, is gambling another way to make a coin demanding? Do you gamble online? E g casinos?

Just like other use cases, gambling in the blockchain space is also a good use case and if developed properly will make the platform worthwhile to engage with. The only issue with gambling just like other use cases is that, most platforms fails to build one which will be attractive to gamblers so when that unique feature is not there, most people or rather gamblers tend to go back to other gambling platforms. I don't know much about this project in particular but if the team will put in their best, then they will succeed in keeping a good competitive advantage.

Kotone

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Quote from: Emilyearl on May 27, 2020, 04:42:37 PM

Gambling is not a good usecase for any project but it can surge project price when the odds are favorable. The reasons behind gambling and price surge is due to its addictive nature. People generally like to gamble so any project gambling has a fair chance of making good returns.

Why you said its not good? I think there is no limitation to use case for cryptocurrency even its involved some gambling. Also Im not sure if gambling is illegal cause we all knew that most countries have casino and online gambling so incorporating cryptocurrency into it would be a good shape for blockchain. Also primarily of the projects with high sigcamp paid are all gambling sites that accept cryptocurrency so I think this is not a bad idea at all for boosting cryptocurrency market.

maxreish

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It would be appropriate to move this thread in gambling section. Anyway, is that casino gambling platform already launched? It's really a good platform if they have their own token inside the gambling site like other online casino websites has.

But the thing that it pumped huge means there are investors who actually using the coin already. Though, I can't even deny that there is also possibility that the surge "maybe" caused by their own pump and dump group.

meanwords

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Quote from: Nalbo on May 27, 2020, 04:45:37 AM

Quote from: FireBallex on May 27, 2020, 04:35:18 AM

Can gambling use case help a project to have good value in future? I was following a project called blockstamp and after they introduce their online casino platform in 2019 the coin surge over 1$ from 0.12$ I think, is gambling another way to make a coin demanding? Do you gamble online? E g casinos?

Crypto has been linked to a easy way of gambling. Bitcoin itself is one of the largest gambling coin and there are tokens that are made specifically for gambling. And gambling currencies has a relative success than most other tokens. Blockstamp for example is a gambling focused coin and if they are to receive success, it would be through gambling but it doesn't mean every coin should turn itself as a gambling coin as they are made for different intentions. And not every gambling coin receives similar success.

That's is true. It's not like Bitcoin or any cryptocurrency is made for gambling anyway. There are just cases where a gambling projects gets lucky enough to get a lot of traffic. Not all gambling sites gets to stay in the market though.

But if we are talking about gambling sites that is popular among the world but haven't implemented Bitcoin yet, then it would surely help with Bitcoin's adoption and price if Bitcoin where to be included in the top gambling sites of all time.

shinratensei_

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Quote from: Emilyearl on May 27, 2020, 04:42:37 PM

Gambling is not a good usecase for any project but it can surge project price when the odds are favorable. The reasons behind gambling and price surge is due to its addictive nature. People generally like to gamble so any project gambling has a fair chance of making good returns.

The use case of gambling token can be used on its own gambling platform but the difficult thing is the implementation for the gambling token to be used on its platform. Sometimes people became addictive to the gambling platform but there was also a lot of gambling platforms have been going to the hell as there was no demand.

Emilyearl

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Gambling is not a good usecase for any project but it can surge project price when the odds are favorable. The reasons behind gambling and price surge is due to its addictive nature. People generally like to gamble so any project gambling has a fair chance of making good returns.

thesmallgod

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I gamble online and I must say it might make the coin demand especially when you provide some additional features that can be accessed through the native token of the project. This makes the coin demand rate to increased. However, you must also note that your gambling site must standout because there are many gambling sites but the distinction in your own site is what bring people to it and which will make your native coin to be of high demand also

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Quote from: FireBallex on May 27, 2020, 04:35:18 AM

Can gambling use case help a project to have good value in future? I was following a project called blockstamp and after they introduce their online casino platform in 2019 the coin surge over 1$ from 0.12$ I think, is gambling another way to make a coin demanding? Do you gamble online? E g casinos?

in 2019 a lot of good project not only gambling project down,
but, i think gambling project is a good project if the development from the project continues, not only gambling but all crypto project

ZincUnrated

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Actually yes! There is a reason why most crypto projects are currently exploring the options of running gambling, gaming as well as loto or lottery systems in their ideas and plans. Gambling is one of the largest industries and markets in the world. While some countries frown at it, others embrace it due to the money that flows in there. There are millions of gamblers across the world and that is why crypto is targeting this market. Imagine the demand that will come with any properly built crypto project targeting gamblers and gambling, it certainly is huge and thus bringing lots of value appreciation.

litepool.ru

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Quote from: nreal on May 27, 2020, 09:10:55 AM

I am not a fan of gambling in any way, both online and offline. But I must admit that Gambling is the most potential, popular and profitable application in the reality of cryptocurrencies. The advantages of cryptocurrencies are most applicable to gambling.

But you will also quickly lose money with gambling. This is a quick way to check profits, but also a quick way to make you lose and become poor. I am also not a fan of it, stay away to be safe

irixo10

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Quote from: FireBallex on May 27, 2020, 04:35:18 AM

Can gambling use case help a project to have good value in future? I was following a project called blockstamp and after they introduce their online casino platform in 2019 the coin surge over 1$ from 0.12$ I think, is gambling another way to make a coin demanding? Do you gamble online? E g casinos?

The beauty of the crypto space is that there are many projects which have found wide uses in different spheres of industries out there. So crypto being used in gambling is just one of many ways through which crypto has been leveraged on to bring a change in the world. Therefore what I think is, if a crypto project is worth it and have the right team who are ready to work then their use case will really drive value to the platform; in the case of this particular project the team believed there can be a change in the gambling industry reason why it grew massively. So yes, gambling can make a particular coin (the project's coin) to be in demand but depends on the project though.

Topic: Is gambling another good use case for coin to have more demand? (Read 328 times)