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Author Topic: Gambling market of cryptocurrency has reached about 10,000,000 USD per day  (Read 95 times)
HOLDERNEWSOFFICIAL (OP)
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August 10, 2018, 04:02:54 AM
 #1

Gambling market of cryptocurrency has reached about 10million USD per day
according to https://gamblescan.com
hemendrachauhan19
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August 10, 2018, 04:06:42 AM
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That's wrong stats, it's 12B a day (entire crypto is gambling) Tongue Go and check Coinmarketcap,  Cool
We're seeing so many crypto projects coming every day based on the gambling and trying to solve a problem where everyone is a winner. I don't think that's even possible. It's just a gimmick to attract investors and fool them or trick them in thinking that they'll win. These projects will fail miserably.
CryptoBry
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August 10, 2018, 04:12:35 AM
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That's wrong stats, it's 12B a day (entire crypto is gambling) Tongue Go and check Coinmarketcap,  Cool
We're seeing so many crypto projects coming every day based on the gambling and trying to solve a problem where everyone is a winner. I don't think that's even possible. It's just a gimmick to attract investors and fool them or trick them in thinking that they'll win. These projects will fail miserably.

I have already seen many gambling-related projects going down the drain probably because there is not much interest into them not by gamblers and certainly not by plain investors in the long-range. As what we are seeing only a few of these projects can survive and I expect those who will remain are the ones that have already gained some traction or have their own captured market already established and they are just using crowdfunding as a means to attract more capital. Gambling is actually a very good business this can be so lucrative but at the same time very competitive as every player in this industry wants to have a slice of the profits in any way they can. Newcomers are always at a big disadvantage especially when one is just copying another project and claim it as their own...therefore not offering something new to the marketplace.
batang_bitcoin
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August 10, 2018, 05:03:05 AM
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That's wrong stats, it's 12B a day (entire crypto is gambling) Tongue Go and check Coinmarketcap,  Cool
I'm looking for the tab on CMC for this stats. Can you give me the link?

No question if its millions or billions per day. The gambling industry whether in fiat or crypto is one of the largest active industry in the world and one of the biggest contributor in a country's economy.

Gambling market of cryptocurrency has reached about 10million USD per day
according to https://gamblescan.com
Those things listed on that website, I'm not familiar with it so it only reached $10M but including all legit crypto casino's it can reach more than that.

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Nalbo
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August 10, 2018, 05:10:16 AM
 #5

Crypto online gambling would soon overtake fiat. Fiat are a hassle to deposit and withdraw, crypto provides the flexibility of time and cost effectiveness and provides a measure to gamble anonymously. Furthermore, crypto gambling would bring together the whole world into one table, P2P gambling and betting, making it more social and more fun.
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