Why not create a Gambling platform on Market narrative?

[FinneysTrueVision]

You are describing something that is very similar to futures trading or prediction markets. These things already exist. Memecoins aren't always listed on them, I imagine it might be due to the high probability of getting badly rekt. You can also just buy these tokens outright if you think their price will go up. The interest in these coins will fizzle out rapidly, so it is not worth building a new platform specifically for memecoins.

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[virasog]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

How long does the meme coins season last? Most probably for a few weeks to months and then they are all dead for many many months. So I do not think any gambling site will build on the meme narrative and think to have a business around the year.

Yes, if anyone thinking of launching a Meme token or an NFT, they can launch and integrate it with a gambling site but that will put a lot of effort and cost and the meme token creators only build the coins on the narrative of hype and move on once they gain money. I do not think that both the gambling and meme narrative can work side by side.

[Gozie51]

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

Well it is going to be a new innovation to add to existing predicting sites but I think it will create hype only at the bull season and after that during the bear the hype will die down then it will not generate money for the site. Most of the coins that creates spontaneous hype are meme coins and they are usually at their moment during the bull season, so after that gamblers may not find it interesting to predict on them.

[FortuneFollower]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

Interesting concept. The NFT boom definitely showed us how eager people are to jump into new market trends, even without fully grasping them, and the rise of meme coins continues to highlight the unpredictable nature and potential of the crypto market.

However, the key would be to ensure that such a platform emphasizes responsible participation and provides users with as much information and insight as possible to make informed predictions. Given the volatile nature of cryptocurrencies, its crucial to balance the excitement with awareness of the risks involved.

Your idea could be a novel way to engage with the market, offering a mix of entertainment, learning, and the chance to speculate on future trends.
But executed shoud be thoughtfully.

[TheUltraElite]

There is a website called BetMoose and it is based on such topics like presidential election result, Oscar results, who will win some war (God Forbid). It is filled with Canadian locals from what I have understood and is not much famous in this forum.

However they have a ANN thread here - https://bitcointalk.org/index.php?topic=645747

Check them out - https://www.betmoose.com/

I guess they never got into promotional campaigns ever on this forum and hence they are not that popular. You never know they can start talking about Narratives there too.

[pakhitheboss]

After going through the replies I felt I needed first to do my research as there are a few betting platforms that are already active in this domain. I think I need to explore these platforms once and see if I can get lucky. So my question to all of you who knew about those platforms is, what are the volumes and why are these guys not seen in the market? I mean why they are not here in the forum and active like other casinos? I would not have created this topic if I knew that they existed, by the way are they focusing on the narrative or only on a particular cryptocurrency performance in the market.

[coin-investor]

After going through the replies I felt I needed first to do my research as there are a few betting platforms that are already active in this domain. I think I need to explore these platforms once and see if I can get lucky.

Since you're the one who created this topic post an example here if you found one, this market narrative is a new concept and worth a discussion, we already have two Futuur and Betmoose posted by our co members but they are not altcoin or market prediction platform

So my question to all of you who knew about those platforms is, what are the volumes and why are these guys not seen in the market? I mean why they are not here in the forum and active like other casinos? I would not have created this topic if I knew that they existed, by the way are they focusing on the narrative or only on a particular cryptocurrency performance in the market.

I'm checking casino reviews sites and casino directories but I have not stumble a concept that we are discussing here there are developers and investors who want to bring new and fresh concepts to the betting industry and what's on your topic may come soon we never know, all I know there will be new casinos coming because the online gambling industry is a multi-billion dollar industry and it an industry worth venturing for adventurous entrepreneurs.

[EarnOnVictor]

-snip-
Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

Good suggestion, but I believe will be so risky for the house. What you suggested is similar to options trading which is getting less popular daily. No one will want to be running their business at a loss. The reason is that the house is not really making money through it, and for them to be fair and run the business with sincerity, they will rather abandon it and focus on the core casinos and sports betting instead of cheating people.

This kind of betting style did not just start and I have seen enough of them either pending it or removing it from their platform completely. Now, if the number of the right predictions is too high for some assets (which will happen most time), it would cost the house a huge fortune, which is why I think they do not have so much interest in a thing like this.

Future trend? This is the bias of traders, many will align with the same bias based on popularity and communities, and this prediction alone will make the crypto asset gain undue influence which could make it dance to the side of the bias winning the popular vote because the internet will not be silent about it and it will be easy to know the winning side due to that. Because of this, the house will lose a lot even as people continue to study the situation to bet on the best side.

[famososMuertos]

Man, maybe you are not explaining yourself well but those things exist, the fact of investing in any meme already makes it a bet, right?.

In fact, that "Future" betting casino for anything, hey, Furute (I think, my apologies if it's not correct), has similar things.
In other cases bc.game has this:


source:https://bc.game/trading

It's not in a certain way what you say, because your thing is to bet on a project, but you don't think there are better things to put your money into at risk.

In any case, if I want to bet on a project in its favor, I buy that Token (NFT), if I don't want to, I don't.

[Lida93]

Feels like have seen a gambling platform here that offers cryptocurrency price prediction as a part of their many gambling features, only that since then I haven't been up-to-date on that about how that part of the project in their platform is thriving on with them.

My thoughts about this market narrative is that, going by the exploding invasion of new coins into the market on a daily basis, this explosion could also manifest in manipulations through paid predictions by developers of a project  which could deceive investors on the right projects to invest on if they should rely on the number of predictions that point positive towards a certain project before going in.

Rug pull and exit scam projects will benefit profitably on this than investors will ever do.

[Yogee]

[...]So my question to all of you who knew about those platforms is, what are the volumes and why are these guys not seen in the market? I mean why they are not here in the forum and active like other casinos? I would not have created this topic if I knew that they existed, by the way are they focusing on the narrative or only on a particular cryptocurrency performance in the market.

Other casinos offering Crypto Futures were already mentioned and I would like to add that Rollbit also has this feature. They even have a separate signature campaign running for months now to promote this. I don't know the volume but you can see plenty of cryptos available there including some meme tokens and NFTs.

[Wiwo]

You would be spending lots of money to create a website for something that may only be popular for a few months. Not sure anyone would risk it.

Lack of long term perspective will always set a limitations for such services,  and considering how useless the service will be also since its almost impossible to predict the future of any hype projects or developments.

So who want to spend so much in developing a site that may not be use,  since the primary element which are the meme shitcoin have short lifespan.

[Dunamisx]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

Its not a bad idea if we can have a platform to be passing across information's to to people interested, but that alone does not solve the problem neither does it eradicate the ways some of these people jump into doing something without seeking other peoples consent or experience from it, i believe the platform you're aiming a creating will be of help to many, but you can as well considers the numbers of those that will be informed to joined, and those that joined and will yield to every advise given from there, we have many people out there with the wrong mentality of doing things, how do we fix them all.

[o48o]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

If i recall correctly at least shuffle offered a novelty sport bet on which nft project would lead at the certain time. Many of these casinos offer raffles for nfts.

And what comes to predicting performance of meme tokens, you can already do that for just shorting or longing the token in exchanges. Or better yet buying the token for yourself if you think it's going up. So i am not sure gamified version for such tokens would be in any way better. It would be just another middle man mimicking actual exchanges we already have. Not to mention in exchanges we see all sort of data like buy and sell walls, which we won't see in casino. Actually we can't be sure where the buy and sell data is even coming from or how accurate it is or if it's mean price of all the market pairs in all the exchanges.

[bitbollo]

its a funny idea but all meme coins/probably 99% of NFT and many other stuffs we have seen during these years in the long term will have all the same value:
0 or maybe 99% less of actual value.
Any gambler will gamble against these it's pretty easy ... who can trust a different ending?

[darkangel11]

I once read about guys who invented a machine in the form of an ATM that would allow you to make a fast bet on the stock market.
The way it worked the machine would track an index, like S&p500 and give you updates every x minutes like 5 min and you'd put cash inside like you would feed an ATM and press a button with up or down predicting where the market would go in the next update. If you chose up and it went up, you'd win 2x, but if it went down you'd lose. The problem is they did not want to put it in casinos but in normal places like an arcade game and the government banned it. You weren't the first one to think of this, OP.

[Fortify]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

You might get sucked in and end up the primary target of market manipulators who were looking to pump up new stocks. That would make your site a very juicy target for regulators who might prosecute you for being in cahoots with these effective currency manipulations, as that aspect would always be available for you to advantage certain coins in the rankings for your own profit motives. I'd say your first introduction about NFT's is missing a crucial element - no they could not recover their losses, because it would involve someone else paying a higher amount than some of the obscene prices previously paid and that bubble has already burst. Nobody is coming along to pick up these busted pieces.

[davis196]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

1.NFTs were mostly pump-and-dump scams. Check all the Logan Paul NFT projects. Total pump-and-dump scams
2.Meme coins are mostly pump-and-dump scams. Why would anyone with a brain invest money in a memecoin?
So you want to create a gambling platform, where the gamblers will bet money on the performance of various pump-and-dump scams?
Good luck with this. Maybe you could create a crash game, where the gamblers will have to predict when the price of a certain NFT/memecoin scam will crash and the creators of the scam will run away with the money

[fikrett]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

Thinking about a platform that can guess how cryptocurrencies will do sounds cool, especially with all the ups and downs in the crypto world. It could really help people decide where to put their money, especially with tricky investments like NFTs and meme coins.

But, it’s tough to make predictions because crypto prices can change for so many reasons, like news or what people say online. Even though it’s hard, if someone made a good prediction tool, it could be super useful for both new and experienced investors, helping them make smarter choices.

[iv4n]

...
Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

Signal group? Or some pump & dump group? We all know here how those groups work, their lifespan is very short, and mostly the owners make some money, everyone else is at a loss. In a way, this is worse than gambling, in gambling at least we know what our chances are, while NFTs and meme coins are mostly scams. So I doubt that anyone sane will join and follow this kind of platform and signals from there, at least I am keeping myself away from them.
 
I think you need a better idea, this one is useless.