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Title: Are gambling altcoins undervalued? Post by: meliquiades on February 05, 2019, 04:42:15 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/ Title: Re: Are gambling altcoins undervalued? Post by: freedomgo on February 06, 2019, 03:17:55 AM Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies. As they offer their tokens in exchanges, the price will be affected on the situation, right now the market is bearish so the value of tokens will drop and it will loss the interest of the gamblers to play since they are afraid that the value will continue to drop. 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/ Majority of the gamblers are not traders, so they will prefer a coin that is more stable like BTC, and that's the reason why majority always have BTC as a means for gambling so gamblers can choose among the coins available. BTC was also down but if you check the price history of Funfair and Edgeless you can already determine the reason. http://i65.tinypic.com/qsph0i.png http://i68.tinypic.com/2r3cck7.png Title: Re: Are gambling altcoins undervalued? Post by: imstillthebest on February 06, 2019, 03:29:43 AM right now the market is bearish so the value of tokens will drop and it will loss the interest of the gamblers to play since they are afraid that the value will continue to drop. i love to play gambling in a bear market because i can buy a crypto at low cost and i can enjoy playing a gambling because the losses wont hurt that much . for sure other gamblers will do the same . Majority of the gamblers are not traders, so they will prefer a coin that is more stable like BTC, and that's the reason why majority always have BTC as a means for gambling so gamblers can choose among the coins available. 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 . Title: Re: Are gambling altcoins undervalued? Post by: boyptc on February 06, 2019, 06:44:02 AM I'm thinking if this should be here or on the Altcoin Discussions.
People tend to gamble with those well known casino's because we had a choice to gamble with altcoins. About the value of those coins bouncing back, it will as long as there's demand for them and as the market bounces back again. Title: Re: Are gambling altcoins undervalued? Post by: Pffrt on February 06, 2019, 07:34:41 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.
Title: Re: Are gambling altcoins undervalued? Post by: Thanasis on February 06, 2019, 07:40:27 AM Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies. This is because all cryptocurrencies are suitable for gambling activities so we don't need specific cryptos for that purpose.And lot of projects gone nothing due to the bearish market so we don't have to much care about technology of it just concentrate on the holding to bring the bull run.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/ Title: Re: Are gambling altcoins undervalued? Post by: davinchi on February 06, 2019, 08:20:27 AM Do you think these coins will bounceback? Will new ones emerge? Or do you think most people betting with crypto will stick with Bitcoin? I believe almost all the "real" coins will bounce back :).When the entire crypto space is into negative trends, we cannot expect gambling based coin/tokens alone performing better. Even these gambling assets are having real time applications, due to market pressure they are currently trading undervalued. In recent days, I did see edgeless gaining more 10% growth in less than 24 hrs in bittrex, just for example I am mentioning this. Moreover, this topic is sounding like a trading or altcoin related discussion and (I am sorry to mention) not sounding like a gambling discussion. Title: Re: Are gambling altcoins undervalued? Post by: swogerino on February 06, 2019, 09:48:15 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. Title: Re: Are gambling altcoins undervalued? Post by: avikz on February 06, 2019, 10:32:16 AM 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. Title: Re: Are gambling altcoins undervalued? Post by: Caladonian on February 06, 2019, 11:30:40 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 predictas 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. Title: Re: Are gambling altcoins undervalued? Post by: meliquiades on February 06, 2019, 11:32:34 AM 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. Title: Re: Are gambling altcoins undervalued? Post by: livingfree on February 06, 2019, 01:03:35 PM I see that you have created a new thread on Speculations (Altcoins). (https://bitcointalk.org/index.php?topic=5106797.msg49609935#msg49609935)
Please refrain from doing this, you're duplicating your topic. Title: Re: Are gambling altcoins undervalued? Post by: audaciousbeing on February 06, 2019, 01:22:31 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. Title: Re: Are gambling altcoins undervalued? Post by: michellee on February 06, 2019, 01:30:11 PM 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. Title: Re: Are gambling altcoins undervalued? Post by: romero121 on February 06, 2019, 02:07:02 PM Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies. 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.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/ Title: Re: Are gambling altcoins undervalued? Post by: omonuyak on February 06, 2019, 02:12:09 PM 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.
Title: Re: Are gambling altcoins undervalued? Post by: Viscore on February 07, 2019, 05:58:07 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. Title: Re: Are gambling altcoins undervalued? Post by: bitgolden on February 07, 2019, 06:25:53 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. Title: Re: Are gambling altcoins undervalued? Post by: Kasabus on February 07, 2019, 06:33:16 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. Title: Re: Are gambling altcoins undervalued? Post by: TravelMug on February 07, 2019, 07:45:12 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. 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. Title: Re: Are gambling altcoins undervalued? Post by: mersal on February 07, 2019, 09:23:42 AM Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies. 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.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/ Title: Re: Are gambling altcoins undervalued? Post by: eternalgloom on February 07, 2019, 10:56:54 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. Title: Re: Are gambling altcoins undervalued? Post by: shoreno on February 07, 2019, 11:19:55 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 Title: Re: Are gambling altcoins undervalued? Post by: jrrsparkles on February 07, 2019, 12:31:22 PM I've never really thought about investing in one of these coins that's made exclusively for gambling. 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. Title: Re: Are gambling altcoins undervalued? Post by: eternalgloom on February 07, 2019, 12:39:07 PM 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. Title: Re: Are gambling altcoins undervalued? Post by: meliquiades on February 07, 2019, 01:04:16 PM Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies. 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.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/ 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. Title: Re: Are gambling altcoins undervalued? Post by: Indrawan77 on February 07, 2019, 01:40:36 PM 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
Title: Re: Are gambling altcoins undervalued? Post by: detector on February 07, 2019, 02:19:21 PM 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 ! Title: Re: Are gambling altcoins undervalued? Post by: Ucy on February 07, 2019, 03:38:56 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. Title: Re: Are gambling altcoins undervalued? Post by: meliquiades on February 07, 2019, 03:51:09 PM I've never really thought about investing in one of these coins that's made exclusively for gambling. 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. Title: Re: Are gambling altcoins undervalued? Post by: xWolfx on February 07, 2019, 04:12:13 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/ 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. Title: Re: Are gambling altcoins undervalued? Post by: meliquiades on February 07, 2019, 04:13:20 PM 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. Title: Re: Are gambling altcoins undervalued? Post by: meliquiades on February 07, 2019, 04:28:02 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/ 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. Title: Re: Are gambling altcoins undervalued? Post by: Yamifoud on February 07, 2019, 04:33:04 PM Came across an interesting article looking at gambling altcoins and their value versus the rest of the crypto market and other gambling companies. 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/ Title: Re: Are gambling altcoins undervalued? Post by: vit05 on February 07, 2019, 05:08:07 PM 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.
Title: Re: Are gambling altcoins undervalued? Post by: Oceat on February 07, 2019, 05:51:33 PM 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. Title: Re: Are gambling altcoins undervalued? Post by: Idrisu on February 07, 2019, 08:13:19 PM 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. Title: Re: Are gambling altcoins undervalued? Post by: leowonderful on February 07, 2019, 08:59:12 PM 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.
Title: Re: Are gambling altcoins undervalued? Post by: Oilacris on February 07, 2019, 09:13:25 PM 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. Title: Re: Are gambling altcoins undervalued? Post by: Dreamchaser21 on February 07, 2019, 10:51:49 PM I've never really thought about investing in one of these coins that's made exclusively for gambling. 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. Title: Re: Are gambling altcoins undervalued? Post by: rodel caling on February 07, 2019, 11:52:25 PM 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 .
[/quote] 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. Title: Re: Are gambling altcoins undervalued? Post by: playboy654 on February 08, 2019, 12:04:46 AM 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.
Title: Re: Are gambling altcoins undervalued? Post by: maydna on February 08, 2019, 03:44:15 AM 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 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. Title: Re: Are gambling altcoins undervalued? Post by: BTCevo on February 09, 2019, 12:18:27 AM 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 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 Title: Re: Are gambling altcoins undervalued? Post by: arco-yabamba on February 12, 2019, 12:26:34 PM 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. Title: Re: Are gambling altcoins undervalued? Post by: meliquiades on February 12, 2019, 02:12:35 PM 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. 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. Title: Re: Are gambling altcoins undervalued? Post by: Zadicar on March 18, 2019, 08:36:24 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/ 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 (https://to.crwd.cr/z7G) 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. Title: Re: Are gambling altcoins undervalued? Post by: Carollzinha on March 18, 2019, 09:19:31 PM 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. Title: Re: Are gambling altcoins undervalued? Post by: pixie85 on March 18, 2019, 11:50:50 PM 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.
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