Are gambling altcoins undervalued?

[mersal]

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/

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.

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[eternalgloom]

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.

[shoreno]

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.

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 . 

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

[jrrsparkles]

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.

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.

[eternalgloom]

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.

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 . 

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.

[meliquiades]

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/

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.

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.

[Indrawan77]

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

[detector]

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 !

[Ucy]

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.

[meliquiades]

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.

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.

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.

[xWolfx]

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.

[meliquiades]

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.

[meliquiades]

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.

[Yamifoud]

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/

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.

[vit05]

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.

[Oceat]

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.

[Idrisu]

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.

[leowonderful]

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.

[Oilacris]

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/

Not to be bitter with these alts and I'm well awared on these coins existence yet i have tried out to make use it once but after that i do leave because my heart do always stick with BTC and ETH.
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.

[Dreamchaser21]

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.

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.