Why not create a Gambling platform on Market narrative?

[goldkingcoiner]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

That seems unnecessary as you could just invest in any NFT/meme coin. There are also many coin derivatives that you can short/long.

Personally, I do not think that gambling on the failure/success is going to work. Seems too riggable.

Well, I believe you are right, but on that basis that gambling on the success or failure of a cryptocurrency is too riggable.
Well, the thing is, gambling on that success or failure of a cryptocurrency is actually very riggable, but op wasn't talking about gambling on cryptocurrencies, what he said was gambling on crypto narratives. Crypto narrative is quite different when we talk about individual cryptocurrencies.

A narrative is like a collection of cryptocurrencies, or crypto project under the same niche or idea, this is not riggable as  a narrative doesn't usually involve one or two cryptocurrencies or project, but usually involved tens to hundreds, even thousands of cryptocurrencies or projects depending on how popular and successful the narrative become.

But all the same, I do not think this is feasible for casino, or even convinient enough for gamblers, specially those who hate to wait a long time to see if they won a game or not.

Well in that case, you are right. But we would need a lot of "participating parties" who are not involved or dealing with each other. The more parties, the more decentralized the narrative, the less riggable it becomes.

But I do not believe unriggable narratives exist. Just ask Iraq.

[Julien_Olynpic]

To be honest, I don't really understand the expression "cryptocurrency productivity". Or sometimes they write about "cryptocurrency efficiency". As for me, these are very ephemeral categories.
As for predicting the price of memecoins in the future, this is a very difficult task. The behavior of memecoins in the future can depend on a thousand reasons. And sometimes these can be some completely random things. For example, the founders of memecoins can lose motivation to develop the project. I once came across statistics that 90% of memecoins cease to exist within six months. Probably, based on this pattern, we need to predict the fate of memecoins.

[LUCKMCFLY]

Creating a good brand in the gambling platform is never easy and project team would have to do all possible best to meet up with the competitions in the gambling industry. Since gamblers are more interested in getting frequent bonuses and and withdrawing their funds without any restrictions. It ought to be wise for new gambling platform to observe the market and strategize on how to make more users to be interested in their games and offers. Everyone wants to be getting paid for their games and referrals which is one of the ways to make big influence to switch to a better option inviting their followers.

It is a fact that things will always be very given to everyone wanting to get their share, also it is as you say things will Always be for a brand to be established , but currently it is Difficult, and above all because of the amount of competition that there is and the platforms that have more reputation every day, more confidence and it is something that they have built through the years, it is not from today to tomorrow or 1 year or something, it is from many years, competing against that is difficult but not impossible.

[EarnOnVictor]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

That seems unnecessary as you could just invest in any NFT/meme coin. There are also many coin derivatives that you can short/long.

Personally, I do not think that gambling on the failure/success is going to work. Seems too riggable.

Well, I believe you are right, but on that basis that gambling on the success or failure of a cryptocurrency is too riggable.
Well, the thing is, gambling on that success or failure of a cryptocurrency is actually very riggable, but op wasn't talking about gambling on cryptocurrencies, what he said was gambling on crypto narratives. Crypto narrative is quite different when we talk about individual cryptocurrencies.

A narrative is like a collection of cryptocurrencies, or crypto project under the same niche or idea, this is not riggable as  a narrative doesn't usually involve one or two cryptocurrencies or project, but usually involved tens to hundreds, even thousands of cryptocurrencies or projects depending on how popular and successful the narrative become.

But all the same, I do not think this is feasible for casino, or even convinient enough for gamblers, specially those who hate to wait a long time to see if they won a game or not.

Well in that case, you are right. But we would need a lot of "participating parties" who are not involved or dealing with each other. The more parties, the more decentralized the narrative, the less riggable it becomes.

But I do not believe unriggable narratives exist. Just ask Iraq.

Iraq? What happened to it? I am curious about the narrative you used for them, I don't think it's the country with the worst antecedents.

Also, I suppose many do not know the meaning of the market narrative in the OP, it's already happening in the gambling industry but I do not want to mention the casinos operating them now. If it were to be the sane way, it can never be rigged because the proof will all be there for everyone to see even as the casino must state the platform it is using to get its pricing for fairness' sake. But what is currently happening with the casinos I know is a different thing entirely, such can be easily rigged.

[Fivestar4everMVP]

To be honest, I don't really understand the expression "cryptocurrency productivity". Or sometimes they write about "cryptocurrency efficiency". As for me, these are very ephemeral categories.
As for predicting the price of memecoins in the future, this is a very difficult task. The behavior of memecoins in the future can depend on a thousand reasons. And sometimes these can be some completely random things. For example, the founders of memecoins can lose motivation to develop the project. I once came across statistics that 90% of memecoins cease to exist within six months. Probably, based on this pattern, we need to predict the fate of memecoins.

Based on my understanding of the op, gamblers are not to predict on the price of memecoins, like in the asset and relatively, but to predict on the narrative itself, which is usually based on the overall performance of memecoins in general.

Yeah, to predict the future price of a memecoin is not just difficult but almost as good as impossible, and this is because, memecoins prices are usually very volitile, and there are perhaps, hundreds of thousands of them or maybe more created every day, so this explains in simple term why 90 percent of them or even much more than that, ceases to exist in six month or earlier, there are several memecoins that die the very day they are created.

So, the memecoin narrative is what I believe that can be more predictable (though still not easy) , than the actual meme coin assets.

[doomloop]

So like forex but for crypto? I feel like something like that already exists but it’s an interesting topic for sure OP call it Cryptex! That’s got a nice ring to it, same concept as betting on one currency over the other but instead of Fiat it’s crypto. Is this already a thing?! I feel like it definitely is….

I think market narrative is the same as a trend in the market. And the reason why you think your suggestion of a forex/crypto site have already existed is because forex is not a new thing anymore. Even crypto is not a new thing too but what is new is the technology behind them. Not really technology though because why did meme coins gain a traction right? Maybe we can say category as well.

same concept as betting on one currency over the other but instead of Fiat it’s crypto

You mean instead of betting in a slot or a sport game, we bet on how a crypto/currency performs (for example)? You are right that this one exist too already and I think it was called as binary trading. Yeah trading, as it is primarily adopted by trading platforms but its mechanics is still like a full gambling, so casinos later on adopted it.

[delfastTions]

To be honest, I don't really understand the expression "cryptocurrency productivity". Or sometimes they write about "cryptocurrency efficiency". As for me, these are very ephemeral categories.
As for predicting the price of memecoins in the future, this is a very difficult task. The behavior of memecoins in the future can depend on a thousand reasons. And sometimes these can be some completely random things. For example, the founders of memecoins can lose motivation to develop the project. I once came across statistics that 90% of memecoins cease to exist within six months. Probably, based on this pattern, we need to predict the fate of memecoins.

Based on my understanding of the op, gamblers are not to predict on the price of memecoins, like in the asset and relatively, but to predict on the narrative itself, which is usually based on the overall performance of memecoins in general.

Yeah, to predict the future price of a memecoin is not just difficult but almost as good as impossible, and this is because, memecoins prices are usually very volitile, and there are perhaps, hundreds of thousands of them or maybe more created every day, so this explains in simple term why 90 percent of them or even much more than that, ceases to exist in six month or earlier, there are several memecoins that die the very day they are created.

So, the memecoin narrative is what I believe that can be more predictable (though still not easy) , than the actual meme coin assets.

However, during these same six months, the long-awaited redistribution of real money from those who invested in the memecoin at a late stage to those who are the author of the project or the first follower takes place. Thus, these processes create more whales in the crypto enthusiast environment by attracting many thousands of unsuccessful "investors" in this memecoin.
I am actually interested in when people will learn to understand the nature of such financial transactions, and in the main, so as not to breed more rich whales in the world of cryptocurrencies. But I am still a realist and I think that they will never learn, since the passion for enrichment is ineradicable and it also drives people's actions both in their passion for gambling and in their passion for investing in the memecoin. In the second case, the truth is that the probability of winning is much less than in any gambling game.

[TribalBob]

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

one thing that is impossible to do and create the site you mean, besides coin trends are not the same as football match predictions or the like, because every second the market value can change even though there is a time period I think no one pays attention to the market 24 hours

[delfastTions]

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

one thing that is impossible to do and create the site you mean, besides coin trends are not the same as football match predictions or the like, because every second the market value can change even though there is a time period I think no one pays attention to the market 24 hours

It is not very clear what you mean when you talk about these 24 hours. What kind of break is this? Please explain.

As for cryptocurrency data aggregators, they work clearly and the rates really change very quickly. In reality, only modern trading bots can somehow track rate changes, which allow you to extract at least some minimal profit from cross-cryptocurrency trading operations. In my opinion, a human trader is simply not able to cope with such tasks in instant trading even in the field of cryptocurrency trading.