I've have huge faith in CasinoCoin. It will grow in both it's price and market cap, probably adopted by major casinos worldwide. I've always imagined going into a real casino just to gamble with my CasinoCoins. I'm so lucky that I mined a bunch of them when this coin was abandoned for some time ago. It's a good thing it is back on development and price has increased as well. With this, I've been able to make some nice profit.
Nice. Actually you make me want to keep them now. But getting accepted in casinos is a bit far fetched. surely they would do bitcoin first if any. I mean think of all the hard ware required to be able to use cryptos at a casino. It would cost lots and lots and for what advantage over money?
Anyway I hate fiat money so please don't get me wrong and I do have a alt coin game site my self I want to accept casino coin But its not on coinpayments.net yet. If the dev team add it then I will add it as a payment option to my site. If your interested the link is here:
https://bitcointalksearch.org/topic/ann-1-player-edge-games-the-golden-egg-sponsored-by-worldaidcoin-1201700if you sell all 28btc of csc soon enough csc will drop with the price.
If he knows what he's doing, he will never throw these coins to buy wall. Looking at current wall, instead of 28btc, he will get around 10btc maybe. Someone correct me if I'm wrong.
Why has the price risen so sharply though?
A big investor landed who bought initially 4mil CSC. We're going to have CasinoCoin Prypto cards that will be accepted at least 16 FIAT casinos...
someone bought 4 mil? Wow from what back ground was he/she? Im gaining interest in this coin now
I personally don't know all the facts. Devs have this kind of information. But I quote this user who is behind this:
a) We sponsored the coin to allow my colleagues to see easily the coin to purchase who do NOT know crypto or familiar with exchanges to purchase it.
b) We took the price from 200 up and currently own over 5m of the coins for the purpose previously stated.
c) CasinoCoin is a brand coin which is what we intend to use it for under an affiliate program.
d) We have donated 5BTC to the development fund to allow further progress of the wallet to allow it to be up to a standard to be accepted within the sector we are attracting.
e) We, is a term I use for a group of businesses who understand gaming, and see a use for the brand of CasinoCoin.
f) The casinos we have coming onboard are using the Coin for acquisition purposes only, and only after time with blockchain tech will it evolve into something further.
g) Timeline for the casinos is simply when we are ready.
h) Prypto have a turnaround on the cards of 1 month, the exchange development is also 1 month within a crypto friendly jurisdiction.
It's not just 1 investor buying 4m coins. There is some serious hoarding going on and has been for over a month now. Take a look at the top 25 accounts:
http://csc.blockexp.info/richlistIf you watch those top 25 addresses over time, you may notice that almost all these accounts only increase or stay the same. Those coins held in the top 25 aren't coming back into the market. So what does that tell you about where those people think the coin is going?
If you want to know when a potential selloff is coming, the first sign I would look for is a large quantity of coins form a top 25 address being transferred to another address which would possibly belong to an exchange. Until I see that, I think the liquidity will continue to drop with less and less coins available for sale, creating more volatility.
