I have been very interested in the casino industry that is arising in the cryptocurrency space so I first invested in CLAM:
Clam is a cryptocurrency with the acronym of C.L.A.M = Caritas-Libertas-Aequitas-Monetas, in Latin, which translates to: Care-Liberty-Equality-Money.
Well it was basically a coin aimed to bring equal distribution of cryptocurrencies, since everyone who held Bitcoin before 2014 was credited with it so it was a smooth distribution process, so I got my first CLAMS this way as I already had BTC before that.
source: http://clamclient.com
But what I really was interested in was JustDice, the CLAM exclusive casino. So I have invested there, made some money, both with the price rice of CLAM and also the casino returns were quite nice. At one point I even had quite significant amounts invested there. So it was a good profit generator for quite some time.
This was way before ETH ICO's and the mania, this was when only like 10 cryptocurrencies existed, and the era of SatoshiDice, when it was going strong, so investing in that which I also did, and investing in JustDice, was a very good way of earning passive profits back then.
So I am telling you I feel very old, I was here for a long time and the 2014-2015 days were quite fun, there was no drag back then, it was just a bunch of nerds on Bitcointalk and some opportunists trying to make some money by investing in projects like that.
EDGELESS
source: https://edgeless.io
But things have changed, obviously. The industry is now 101 billion $ big, and even though I made good profits in CLAM, I am leaving it. I just cashed out all my CLAM investments + a few other insignificant altcoins, and I am going all in, in EDG.
Well not all in, but this section of my portfolio is going into EDG. Well as good as Justdice was, it's nothing compared to what EDG will bring, and even SatoshiDice's days are numbered, I mean the new website design looks awful, I think it was sold again, since I believe it was sold already like 3-4 times and each new owner makes it look worse. It was founded by Erik Voorhees who founded Shapeshift too, so those were Satoshidice's original golden days, back in 2013-2014, but after he sold it, it turned out to be quite bad, and it was also allegedly hacked I believe, not sure. But Just-Dice was really hacked in the past.
So this brings up another issue, it looks like coins held at custodians is inherently insecure, many other casinos and exchanges were hacked, so it looks like the coins have to be held on the blockchain, so I just think SMART CONTRACT based casinos are the future.
Therefore I have moved all my altcoin investment positions except a few golden ones, into EDG. I believe EDGELESS is the future of gambling.
source: https://coinmarketcap.com
When I went to CoinMarketcap I saw all coins are going down, retracements, yet some coins are going up relative to BTC and therefore relative to the USD as well. Things like DASH doesn't surprise me, up 10% , meanwhile Bitcoin is losing ground fast.
But EDGELESS is just rising like a star, up 18%, and don't tell me I'm talking about this too late, I have been telling people about EDG for more than a month now:
- https://steemit.com/becomingrich/@profitgenerator/becoming-rich-ep-19-what-will-june-bring
- https://steemit.com/becomingrich/@profitgenerator/becoming-rich-ep-24-the-golden-goose
You know back then the price of EDG was below 30 cent, and now it's 73 cent, so if you had listened to my opinion, you'd have already doubled your money!
But the rise is not over, not by far. I mean this coin could even get it's license to operate the casino legally, which other coins would pretty much have to do later anyway, so being the first one is already a huge bonus. They have applied for a Curacao based license, which will probably be granted, and then expect big whales jumping into this!
This EDGELESS baby really doesn't have edges, expect a 10$ price soon in my opinion. So this is one ETH ICO token that I love, it's actually my Golden Goose was I referred to it, because it looks like every EDG holder is eligible to a share of the profits from the casino, so it will be massive in my view.
Looks like the Lounge is coming now in July, so the price might even hit 5$ before the end of July, who knows! It's hot that is for sure!
https://twitter.com/edgelessproject/status/882577077555396608
- edgelessproject
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Disclaimer: The information provided on this page might be incorrect. I am not responsible if you lose money using the information on this page! This is not an investment advice, just my opinion and analysis for educational or entertainment purposes.