ChatGPT & AI Coins In Crypto Is All Hype; Litecoin Will Spike This Year; Crypto Traders Enjoy Using Profits For Sports Betting
Article references the visionary thinking of Gamdon founder Felix Roemer on how ChatGPT and AI coins are overly hyped.
ChatGPT & AI Coins In Crypto Is All Hype
Felix said, “I’m experimenting quite a bit with ChatGPT. As you’ve seen with coins when things are first starting, there are going to be 99% that don’t work out and then there’s maybe one good idea that will stick around, but for now, I would call it a lot of hype.”
Litecoin Will Spike This Year
Felix said, “Litecoin is a coin that gets overlooked a lot, it is actually a coin that’s very, very usable for transactions and payments. It has naturally developed into the Crypto space without really big influencers or entities pushing it and I really like something that’s not influenced a lot.
It’s very usable, the transaction speed is nice, the transaction speed is good. It also has halvenings, like Bitcoin, and the next one is actually coming up this year and that usually boosts the price every time it happens. When everything else is quiet there’s a Litecoin pump once every four years.”
Crypto Traders Enjoy Using Profits For Sports Betting
Felix said, “I think where crypto trading and casinos overlap is with sports betting, because it’s a similar skill. A lot of people are interested in that and whenever we see people trading on other platforms and we do trading they are usually converting into being sport betters and they coordinate bets. A lot of people doing sports betting are long-term profitable and doing it because of experiences they had, maybe on other sports, or what they learned from trading like bankroll management.”
Crypto Regulators Already Cracking Down On Staking
Felix said, “What Sam Bankman-Fried was able to pull off so well was because he incentivized people to deposit more and more through aggressive staking programmes and he did that all the way from the start when he launched the exchange. I think what the US regulator is trying to do is basically just crack down on the APY (annualized percentage yield) promises from the different staking programs to make sure there are no gaps that can be used by some entity to grow itself with customer funds.”
Bitcoin Will Break All-Time Highs After Next Halving
Felix said, “I think Bitcoin will break new all-time highs once the next halving happens and people get interested again in that. Especially since there was some government interest last time, I think that’s going to come more and more, especially with the first and second world splitting more and more and the US dollar coming down in value”
Exchanges Are Too Risky – Comparable With Stuffing Money Under Your Sofa
Felix said, “It’s also risky because we put everything into other people’s hands [eg with exchanges]. It’s not directly comparable to stuffing all your money in your home under your sofa but if you talk to people online and they’re showing off their crypto assets, then [bad actors] are going to wonder if they can steal them somehow. It’s very viewable and even though you can protect your assets pretty well people are going to find a way to trick you or hack you.”
1000x Leverage By Rollbit Was A Great Idea
Felix said, “The 1000x leverage is pretty cool because it’s technically very hard to build something with 1000x leverage, I think there was some pushback from the US government, I remember at some point some platforms had to go down from 100x to 20x. I think it might be risky in that regard but the feature is pretty cool.”
Top 2 Tips For Starting A Crypto Casino. Do something New & Don’t Use A Provider
Felix said, “I think the main mistake that people make when they start accepting crypto is that they do it through some sort of provider, where you basically have limits and then deposit in and have an invoice, most players don’t want to do that. That would be the number 1 tip. The number 2 tip would be to do something new, a lot of crypto casinos are popping up and if you have a unique feature or something others don’t have to set yourself apart. I would say 90% of the casinos that are launching right now all look the same so, there’s definitely a need for innovation.
In an exclusive interview, founder of Gamdon.com Felix Roemer told Bitcoin Casinos that he believes ChatGPT and AI coins within crypto are all hype. He also predicts that Litecoin will spike this year.
Roemer also gave his Bitcoin prediction saying it will break all-time highs after the next halving.
Interview Highlights:
- ChatGPT & AI Coins In Crypto Is All Hype
- Litecoin Will Spike This Year
- Crypto Traders Enjoy Using Profits For Sports Betting
- Crypto Regulators Already Cracking Down On Staking
- Bitcoin Will Break All-Time Highs After Next Halving
- Exchanges Too Risky – Comparable With Stuffing Money Under Your Sofa
- 1000x Leverage By Rollbit Was A Great Idea
- Top 2 Tips For Starting A Crypto Casino
For full interview transcript, visit: https://www.bitcoincasinos.com/blog/2023/02/16/crypto-expert-felix-roemer-exclusive-interview/