Are gambling altcoins undervalued?

[rodel caling]

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.

[playboy654]

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.

[maydna]

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.

[BTCevo]

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

[arco-yabamba]

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.

[meliquiades]

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.

[Zadicar]

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 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.

[Carollzinha]

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.

[pixie85]

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.