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Author Topic: Gambling with Monero?  (Read 1501 times)
noodle_dam
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June 14, 2017, 04:07:42 AM
 #61

Gambling is never a good idea. Always keep your altcoins on hold as you never know when they can rise up to the sky like bitcoin did few years ago.
I wouldn’t want to gamble with Monero since the coin did not have as much history as Bitcoin does. Monero has a much larger chance of dropping in value compared to Bitcoin since it’s just an Altcoin.

Bitcoin is one of the things that I would gamble with because the price of it is very likely to not have a drastic drop in value in an hour or so after I place my bet. Monero is very risky, I wouldn’t recommend it.


I think it's not good to gamble with monero too, makes no sense for me and it can be bad. Example: I exchange my bitcoins to monero to play and while I'm playing, bitcoin pumps and increase its price a lot.
What means I lose the pump because my coins were in monero, that can't give the profit that bitcoin does. And it's hard to find a casino accepting monero.

Actually no, gambling with altcoins can offer significant advantages.

For instance, using dogecoin is able to save you a lot on transaction fees, and the minimum bet is lower. Using monero/dash on the other hand will give you better privacy of your funds. So if you don't want someone to look at your bitcoin wallet and ask you what you spent it on, monero is pretty useful because nobody can see your wallet details publicly.

As typos said though, the monero core team is already operating their own dice site. I simply do not see how you can survive with so much competition.
What dice site is monero core team is already operating on their own?

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June 14, 2017, 04:47:38 AM
 #62

Of course, at least i met 3 site have Monero Gambling like https://www.crypto-games.net or https://luckygames.io.. Early Bird Gets The Worm

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June 14, 2017, 05:38:14 AM
 #63

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.
Monero ?? IMO not many people like to bet with altcoins especially monero because people prefer to use altcoins for a trade and maybe my other reason there are not too many crypto currency gambling sites that accept altcoins

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June 14, 2017, 08:27:26 AM
 #64

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.
Its not a bad idea knowing that using altcoins on gambling site is a good alternative when we are basing on confirmation times of deposits but as of now we are on bitcoin world which means gamblers commonly do make use of bitcoin and you should put it on your site as a main token,having altcoin would only also a side option because there are still some gamblers do really like to play with altcoin deposits.

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June 14, 2017, 09:53:20 AM
 #65

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.
Monero ?? IMO not many people like to bet with altcoins especially monero because people prefer to use altcoins for a trade and maybe my other reason there are not too many crypto currency gambling sites that accept altcoins

I think whoever mine these altcoins then they prefer to use them in gambling without going for exchanging to another currency. And some people want to gamble with these altcoins because they think that Bitcoin prices went up very high. Even though they may be betting the same amount in terms of usd but these guys go for altcoins. It all depends on individual and I mostly gambling with bitcoins and sometimes only with other altcoins.

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June 14, 2017, 11:10:07 AM
 #66

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.
Its not a bad idea knowing that using altcoins on gambling site is a good alternative when we are basing on confirmation times of deposits but as of now we are on bitcoin world which means gamblers commonly do make use of bitcoin and you should put it on your site as a main token,having altcoin would only also a side option because there are still some gamblers do really like to play with altcoin deposits.
I think now people are stopped to use bitcoin in gambling because of the BTC price hike. No one is ready to lose their BTC for their entertainment purpose. So people started to mine altcoins and if any site allowed altcoins to bet they will use that site for gambling. People are saving bitcoins for future use. Gambling with Monero looks good it will attract many players to their site, and here many people are ready to do gamble with Monero.

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June 14, 2017, 11:36:14 AM
 #67

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.
Monero ?? IMO not many people like to bet with altcoins especially monero because people prefer to use altcoins for a trade and maybe my other reason there are not too many crypto currency gambling sites that accept altcoins

I think whoever mine these altcoins then they prefer to use them in gambling without going for exchanging to another currency. And some people want to gamble with these altcoins because they think that Bitcoin prices went up very high. Even though they may be betting the same amount in terms of usd but these guys go for altcoins. It all depends on individual and I mostly gambling with bitcoins and sometimes only with other altcoins.
I think it is just the matter of purpose , if you want to grow your investment in altcoin through gambling then it is makes sense.
But still you won't get better result and better situation as gambling in the long run never be easy.
Lets take justdice as an example , the site accept clam as their currency and so far they are so successful.
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June 14, 2017, 12:29:17 PM
 #68

It is good for casino sites that offers altcoins rather than only bitcoin for players to gamble with, with bitcoin miner fees on the rise, I have seen a lot of players gambling with altcoins on casino sites, and monero is an altcoin that is worth investing, and one of the other advantage is the faster confirmation for deposit and withdrawal.

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June 14, 2017, 12:52:38 PM
 #69

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.

That's actually a very good idea, because some people want more privacy than Bitcoin or other altcoins can offer, so by creating Monero casino you can fill that spot in the market. From technical standpoint there shouldn't be much differences between Bitcoin and Monero casino site. You can also expand your currency options to Dash and Zcash as they are also anonymous, so you can offer your players more options in the same field.

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