Is gambling another good use case for coin to have more demand? - page 2.

tvplus006

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Quote from: ene1980 on May 27, 2020, 12:55:33 PM

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?

It can be a triggering factor which could help in gaining more attention but that does not mean that the price would increase considerably high just because a gambling platform started accepting it, dogecoin and other similar low valuation coins are accepted in majority of the sites in the past couple of years but we are yet to see a rally if that is the case.

I think that on the contrary, gaming platforms use the HYIP that has arisen around cryptocurrency in order to promote their platforms. Cryptocurrency has recently attracted a lot of attention and gaming sites offer calculations in cryptocurrency, making it more convenient for owners of cryptocurrency.

ene1980

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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?

It can be a triggering factor which could help in gaining more attention but that does not mean that the price would increase considerably high just because a gambling platform started accepting it, dogecoin and other similar low valuation coins are accepted in majority of the sites in the past couple of years but we are yet to see a rally if that is the case.

el kaka22

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There is this feeling of gambling getting bigger in the bitcoin world the more I see huge amounts of bitcoin being used. However at the same time I am considering the fact that those amounts of bitcoin was always gambled but it didn't worth that much back then, so that could mean it is the same people gambling the same way but we are putting too much into it.

If there are people who are buying thousands of dollars (even hundreds of thousands of dollars) worth of bitcoins and gambling that means there is a good use case for bitcoin in the gambling world and I honestly support it. However, if it means just the old early birds who are involved and still gambling because they basically got it for free and already cashed out millions of dollars but kept a bit of it to gamble, that doesn't really mean anything.

kang_kung

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I think there is definitely a link between users from gambling and betting sites with users from bitcoin and cryptocurrencies. It's always easier to convince a bettor to take his reward in bitcoin or crypto payment instead of fiat to paypal or bank. The general idea of investing in cryptocurrencies already has some risk. The riskier, the better profit so it's the same as gambling and easy to fly with bettors. Of course, the traditional casino with their chips already function some sort of similar. They dislike anyone eating their cake but if gambling and betting sites find a way to cooperate with those guys, gambling or betting cryptocurrencies would switch and incorporate crypto to daily life very soon.

sana54210

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Not in all the cases. People still prefer to gamble with bitcoins compared to any other coin nor dedicated coin. I guess some devs might have miscalculated about gamblers like low value coins will get more popular among gamblers when gambling specific/dedicated coins accompany few additional features but gamblers prefer high value bitcoin as their prime moto is like: high risk, high reward. So, gambling alone will not ensure the success of a coin.

But at the same time, gambling must be one of the reason for a coin to be pumped time to time. For example, waves did not have any dedicated houses which reflected on its price levels in my observation because it must be one of the potential coin like ethereum still undervalued due not lack of innovation in building various real time applications.

nreal

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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.

Iyeman

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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?

It can't. It will be including on the usefulness of the platform but it will not help the project to have good value. There are so many gambling platforms have already gone since the ico year. vdice, betking and many more have already gone with its crap coin.

People needs utility for the token.

smyslov

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It's possible I have seen a lot of Dapps on Eos and mostly gambling sites and so are on Tron, gambling sites are very popular in Crypto holders and gamblers throw their support on gambling sites with their own token and Crypto investors throw their support on coins with online gambling sites.

Akiko

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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?

if they have a many good gambling game that can use their coins and have many players play it then its possible. if they don't have that it will looks like the price of the coins is manipulated by them to earn them free money in long run that can use to expand the game they have right now.

Festac

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Gambling in crypto space is not a new use case, this have been around for many years now and right now the competition is way too much, I can't advice a new project team to rely on this use case, it's just a plus, not entirely something big

DoublerHunter

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^ Bitcoin and other cryptocurrencies can be used in any gambling platform in fact that bitcoin is one of those who are being accepted mostly in casinos. The mere fact that that we can use these coins in gambling therefore it can also be used for other purposes which I think all of us are expecting to happen in the future and that block stamp is trying to prove. Nevertheless, in the future when global adoption of bitcoin and other cryptocurrencies happen then the demand on these coins will be higher more than what we are expecting.

Greatdev

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Not a bad feature to implement for a new coin, though this shouldn't be the only thing that the coin can be used for, real use case is very important, and yes gambling can make a coin more demanding, even build good volume too

VDraci

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Gambling works, this is a very good use case and I'm sure 99% of all gambling platforms accept Bitcoin and yes many make it through online gambling, if you see any altcoin thats very serious about it then it's a good one, do invest only what you can afford to lose

Tipstar

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One of the large demand on bitcoin comes from gambling. I have talked with many gamblers over different gambling platforms and a large group of them know nothing about crypto and are there just to gamble with bitcoin. The often get bitcoins through cashapp or coinbase which causes troubles as those exchange have terms against depositing to and from gambling sites. The anonymous nature of crypto has made them a great gambling coin.

brrzzz

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The whole life of the game. People from ancient times played on the last piece of bread, and if the game itself, the site will be interesting, it does not matter what to play, at least for buttons or candy wrappers.

fortunecrypto

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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?

It's all about adoption and what it will differentiate from the other casinos I don't know about that blockstamp coin, but if the price was pump because of the casinos they launch, we can safely say that the casino they launched was adopted but, you did not name that casino so for us to see if it is worth to play on that casino.

qomariah95

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For now it cannot be expected anymore. unless indeed the new gambling site has a good strategy, in order to attract new users. Because, now many gambling sites. there are many users and there are also gambling sites that die, because they cannot survive.

minairia3

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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?

Of course it can, use cases of different coins or tokens favor their necessary needs. Maybe the demand of their coin attributed mainly on their platform or giving a huge benefit when using it. Technically online casino uses major crypto to play and Im thinking the blockstamp token have some usage that fairly or more usable than major coins on their ecosystem.

Aside from smart contract this is one use cases of crypto to be used on online gambling casino and so many platform offering it and still counting.

Ryushin

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Quote from: durilup on May 27, 2020, 04:50:19 AM

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

Bitcoin itself is one of the largest gambling coin and there are tokens that are made specifically for gambling.

I do not think bitcoin is a gambling coin . It depends from what point of view you look at the current situation . If you do not understand the backend technology then you can say it is a gambling coin . But from my point of view it is not a gambling coin.

What the guy was trying to make people understand is Bitcoin is a well known coin in online gambling websites, any coin can be used in any online gambling websites if the website supports them and yes this will bring in more demand for the coin or token

Yudhisthir

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There are many gambling tokens in the market and the competition is tough. Bitcoin is the favorite for whales while blockchain based gambling is led by EOS and Tron at the moment. Gamblers are not excited about new coins and newer tokens have no relative success in gambling industry. One of the reason for them to lag behind is also their non impressive platform as they can't compete against attractive centralized casinos.

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