Gambling altcoins - are they fundamentally undervalued?

[meliquiades]

Read an interesting article on gambling altcoins that I posted in the BTC gambling forum but was told I'd likely get more discussion here.

The article basically concluded that gambling alts (like FunFair, Edgeless, Wagerr 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 bounce back? 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/

[aragom]

Read an interesting article on gambling altcoins that I posted in the BTC gambling forum but was told I'd likely get more discussion here.

The article basically concluded that gambling alts (like FunFair, Edgeless, Wagerr 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 bounce back? 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/

some coins are really good. but some coin are really bad.

i trust on edgeles.. they have good website and good interfece. it can come good places

[Cnut237]

I'm not sure that gambling is really that much of a key use case. It's not up there with smart contracts or fast, borderless payments.
Having said that I do think a lot of coins are undervalued right now... but we are all waiting for the recovery to start.

[BitcoinHodler]

gambling is a key use case for cryptocurrencies.

your discussion is not about whether those coins are undervalued or not. your discussion should instead be about this statement, whether cryptocurrencies are being used for gambling only.

if we make that assumption then you could say that these tokens are undervalued but in my opinion that assumption is false. take bitcoin for example. gambling may have been hot in the beginning when the first dice sites started coming out but eventually the hype died off and nowadays gambling is only a tiny portion of the use cases of bitcoin.

when it is about altcoins, it becomes even less specially if an altcoin has only focused and limited itself to gambling. people are only getting into altcoins for the profit they can gain, which is most of the times profit on their bitcoins.

[aceptamosbitcoin]

Read an interesting article on gambling altcoins that I posted in the BTC gambling forum but was told I'd likely get more discussion here.

The article basically concluded that gambling alts (like FunFair, Edgeless, Wagerr 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 bounce back? 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 this is because people are searching for simple betting and gambling solutions, and not a smart contracts, oracles and quantum physics just to but a single bet. At least I'm looking for simplicity and just to have fun when I'm gambling.

Beside my point above, I think that most of the gambling coins are undervalued.

[Golftech]

Read an interesting article on gambling altcoins that I posted in the BTC gambling forum but was told I'd likely get more discussion here.

The article basically concluded that gambling alts (like FunFair, Edgeless, Wagerr 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 bounce back? 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/

Most of them will stick with bitcoin not unless the gamehouse will require them to use another coins to play, the market conditions are affecting
those alts which been intended to this platform but the emerging needs are still not been carried, bitcoin is the most used crypto and been accepted
by many, its needed time for this alts to be well recognized.

[meliquiades]

I'm not sure that gambling is really that much of a key use case. It's not up there with smart contracts or fast, borderless payments.
Having said that I do think a lot of coins are undervalued right now... but we are all waiting for the recovery to start.

Borderless payments are a huge component of the gambling industry. In grey markets like China where there is a huge demand for gambling products, banks block all gambling transactions. Cryptocurrencies provide a workaround to this.

The question is whether there is value to dedicated altcoins over Bitcoin for this use.

[meliquiades]

gambling is a key use case for cryptocurrencies.

your discussion is not about whether those coins are undervalued or not. your discussion should instead be about this statement, whether cryptocurrencies are being used for gambling only.

if we make that assumption then you could say that these tokens are undervalued but in my opinion that assumption is false. take bitcoin for example. gambling may have been hot in the beginning when the first dice sites started coming out but eventually the hype died off and nowadays gambling is only a tiny portion of the use cases of bitcoin.

when it is about altcoins, it becomes even less specially if an altcoin has only focused and limited itself to gambling. people are only getting into altcoins for the profit they can gain, which is most of the times profit on their bitcoins.

We are seeing a transition though, from those early dice sites to the more established bitcoin casino and sportsbooks you will find on the BTC Gambling forum. When it comes to a use case where people are using Bitcoin for a transaction they would otherwise use fiat for, gambling is still surely number one?

Re: altcoin, I agree. At the end of the day, gambling-dedicated altcoins are betting they can offer a user experience better enough than the bitcoin casinos that people will be persuades to use it. So far, I haven't seen much evidence of anyone achieving this.

[fudster]

I'm not sure that gambling is really that much of a key use case. It's not up there with smart contracts or fast, borderless payments.
Having said that I do think a lot of coins are undervalued right now... but we are all waiting for the recovery to start.

Borderless payments are a huge component of the gambling industry. In grey markets like China where there is a huge demand for gambling products, banks block all gambling transactions. Cryptocurrencies provide a workaround to this.

The question is whether there is value to dedicated altcoins over Bitcoin for this use.

Nope. Of course its Bitcoin that will have more value. Edgeless and Wagger are both great projects but there are tons of changes coming of EOS gambling dapps though. The offer of what TRON and EOS dapps are providing are making Edgeless and the likes are becoming inferior in my view actually.

[meliquiades]

I'm not sure that gambling is really that much of a key use case. It's not up there with smart contracts or fast, borderless payments.
Having said that I do think a lot of coins are undervalued right now... but we are all waiting for the recovery to start.

Borderless payments are a huge component of the gambling industry. In grey markets like China where there is a huge demand for gambling products, banks block all gambling transactions. Cryptocurrencies provide a workaround to this.

The question is whether there is value to dedicated altcoins over Bitcoin for this use.

Nope. Of course its Bitcoin that will have more value. Edgeless and Wagger are both great projects but there are tons of changes coming of EOS gambling dapps though. The offer of what TRON and EOS dapps are providing are making Edgeless and the likes are becoming inferior in my view actually.

It is irrelevant whether Bitcoin has more value - of course it will have.

We are discussing here whether dedicated, gambling-focused altcoins can gain significant value in their own right. The EOS gambling DApps are a way off offering anything like a decent experience. So are the likes of Edgeless and Wagerr. At the moment, the best gambling experience within the crypto world is via the established Bitcoin casinos and sportsbooks.

But that could change in the future.

[mirawantirinjana]

altcoin gambling is indeed not very good,
it doesn't mean that because they are just gambling coins, even some other altcoins are now undervalued now.
and I hope everything will improve soon as soon as possible this year

[disconnectme]

Read an interesting article on gambling altcoins that I posted in the BTC gambling forum but was told I'd likely get more discussion here.

The article basically concluded that gambling alts (like FunFair, Edgeless, Wagerr 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 bounce back? 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 you are not getting things right with your assessment, I was holding Wagger and Edgeless tokens sometimes because I believe they will do well long term, but what I realsie is that the number of users on them are low, and when no one is using a platform the value goes down, I held on in particular the Wagger tokens to be able to set up Masternodes but there was a time, it doesn't worth holding the MNs I don't know of now, they all need to attract active users for their platform to increase in value

[wxxyrqa]

altcoin gambling is indeed not very good,
it doesn't mean that because they are just gambling coins, even some other altcoins are now undervalued now.
and I hope everything will improve soon as soon as possible this year

It seems to me that we must also take into account the fact that it is gambling on the cryptocurrency market that is a very weighty argument for popularizing cryptocurrency.

[kronos123]

Gambling, together with the porn and hard sectors, is one of the multi-million dollar sectors, with steady growth, year after year, and seems never to know crises.

For this reason and considering the old ATH of all the coins connected to these sectors, answering your question, surely ALL these coin / token are largely underestimated and will perform extensively in the next cycle of increases.

[cryptograce]

Gambling is one of the top industries people can't do without.
It's more interesting now that projects Like faireum.io has Brought it into the blockchain space.
It can't be undervalued. 

[icalical]

I don't think gambling is much as a key use case for cryptocurrency, since crypto can do much more than just a gambling chip. However, crypto that the main utilization is as a gambling chip is not bad either, since many people in crypto community are involve in gambling, investing in gambling coins are not a bad idea. But for now I don't think they are undervalued, they have the value they actually deserve.
And I think they will bounceback when Bitcoin and other crypto too.

[hieuho381]

Gambling, together with the porn and hard sectors, is one of the multi-million dollar sectors, with steady growth, year after year, and seems never to know crises.

For this reason and considering the old ATH of all the coins connected to these sectors, answering your question, surely ALL these coin / token are largely underestimated and will perform extensively in the next cycle of increases.

Gambling atlcoins today are quite awful, almost all altcoins in this market are scams or even if not, we will not be able to have any profit at all, using gambling altcoin has no chance to bring us profit in long term investment at all, so i suggest we should stay away form these altcoins.

[Febo]

Read an interesting article on gambling altcoins that I posted in the BTC gambling forum but was told I'd likely get more discussion here.

The article basically concluded that gambling alts (like FunFair, Edgeless, Wagerr 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 bounce back? 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 forgot to mention BitDice (CSNO)

I am not sure if they are undervalued. Depends of the future. Most those coins were made to develop casinos further. If they did good job and spend money they gathered wisely it will be seen on tokens.  CSNO is paying dividends from casino profit every quarter. More popular casino will get more will be pay for dividends.

[kronos123]

Gambling, together with the porn and hard sectors, is one of the multi-million dollar sectors, with steady growth, year after year, and seems never to know crises.

For this reason and considering the old ATH of all the coins connected to these sectors, answering your question, surely ALL these coin / token are largely underestimated and will perform extensively in the next cycle of increases.

Gambling atlcoins today are quite awful, almost all altcoins in this market are scams or even if not, we will not be able to have any profit at all, using gambling altcoin has no chance to bring us profit in long term investment at all, so i suggest we should stay away form these altcoins.

Mistaken! There are coins like Edgeless where you don't necessarily have to play to earn, but only by holding the token in your wallet you perceive in dividends from the company ..... dividing which is obtained from the bets made by the players.

Furthermore, the Dapps for gambling are not so bad ... they are still the first steps, but they will certainly explode when the first, of the many tokens already on the market, will get a regular license from the States.

[slaman29]

The articles is 100% correct. Gambling is one of the biggest use cases for crypto. In fact, a lot of Bitcoin and early crypto uses were for gambling. And, unlike trading where everything is inflated and just speculative, the value for crypto tokens in gambling is much more "real" to the users. And that's the other difference.

Traders are not users. Gamblers are.

Other tokens like CSNO (BitDice) and MBI (Monster Byte) that even give out dividends for revenue and have been profitable since they launched are all sadly undervalued.