A long term investor here, thinking about adding RoLLBit Token - page 2.

Shamm

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Quote from: piebeyb on June 03, 2023, 09:42:42 AM

Quote from: livingfree on June 03, 2023, 09:28:28 AM

I have seen many gambling tokens and most of them didn't survive and even got into controversies. I am not here to discourage or tell something negative but just like any other crypto, they can't skip when the market is highly volatile.

If you don't gamble there, you will not enjoy the benefits that it is providing for its holders. Much better if you maximize the usage and incentives that it gives to its holders.

But if you're fine and you'll invest just a spare money on it, that's what investing is.

yes you are right, not many casino tokens have been really successful, most of them just disappeared, but I don't know about rollbit tokens, it seems they are still holding out and some other casino tokens, I am not a financial expert, nor am I a crypto expert, but just a suggestion you can use your token if there really is an incentive for holders to better store it on their site to benefit from it.

But again, every investment always has a risk, when investing, don't expect that it will give you big profits, always remember that there is always a risk when investing, you see, most casino tokens always fail and never succeed or become big.

Rollbit casino is one of the best and trusted casino here in our community so about their Token it is safe now to hold it because I think it will give as what we want in the world term. but also we have a doubt it of course, cause if we think other casino have a token before they will failed I mean their token didn't survive so in this moment many people around the globe have a doubt if they will take a roll it token or not. But for me it's better to try up .

Haunebu

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Quote from: darkangel11 on June 03, 2023, 09:12:59 AM

If you have little money, why would you choose them over bitcoin, knowing you can't afford to lose? If you have a lot of money, why would you need to take additional risk, when you can expect bitcoin to slowly bring you the profit you need, without additional risk?

It's because the chances of turning small amounts into big amounts through altcoins is way higher when compared to BTC, ETH etc. Examples are Pepecoin, Shiba Inu etc which made some investors instant millionaires.

BTC isn't risk free either and you need to invest huge amounts in order to secure decent profits from it these days.

piebeyb

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Quote from: livingfree on June 03, 2023, 09:28:28 AM

I have seen many gambling tokens and most of them didn't survive and even got into controversies. I am not here to discourage or tell something negative but just like any other crypto, they can't skip when the market is highly volatile.

If you don't gamble there, you will not enjoy the benefits that it is providing for its holders. Much better if you maximize the usage and incentives that it gives to its holders.

But if you're fine and you'll invest just a spare money on it, that's what investing is.

yes you are right, not many casino tokens have been really successful, most of them just disappeared, but I don't know about rollbit tokens, it seems they are still holding out and some other casino tokens, I am not a financial expert, nor am I a crypto expert, but just a suggestion you can use your token if there really is an incentive for holders to better store it on their site to benefit from it.

But again, every investment always has a risk, when investing, don't expect that it will give you big profits, always remember that there is always a risk when investing, you see, most casino tokens always fail and never succeed or become big.

Fivestar4everMVP

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Quote from: darkangel11 on June 03, 2023, 09:12:59 AM

It doesn't look strong, to be honest.

I can tell you what I tell most people when it comes to investing in new tokens and altcoins. If you have little money, why would you choose them over bitcoin, knowing you can't afford to lose? If you have a lot of money, why would you need to take additional risk, when you can expect bitcoin to slowly bring you the profit you need, without additional risk?
It doesn't make sense for both, poor and rich investors to choose a volatile token instead of bitcoin. I have nothing against Rollbit, but the price of this token depends on the people behind the company and after all the shit that happened in crypto I'll never buy a coin that has a CEO. Decentralization, or nothing.

Yeah, the chart doesn't look good to be honest, but I won't consider every altcoin as shit regardless...
For the poor and rich, becoming rich involves almost equally the same process, and one of those is taking some risk.
Making money involves stepping out of your comfort zone, and stepping out of your comfort zone involves risking something, altcoin investment have made several people millionaires and Billionaires in dollars, the same way bitcoin have also made many millionaires and Billionaires in dollars.

So in my personal opinion, it's all about choice and the risk level one if ready to take, I personally have bitcoin investment as well as altcoin investment, in this space, even though bitcoin is the most trusted coin, diversifying your investment is still very important, if outside crypto, people still buy company shares and make good money from, I don't see any thing wrong in buying a coin that has ceo, as long as the CEO is a visionary person and the coin very promising.

livingfree

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I have seen many gambling tokens and most of them didn't survive and even got into controversies. I am not here to discourage or tell something negative but just like any other crypto, they can't skip when the market is highly volatile.

If you don't gamble there, you will not enjoy the benefits that it is providing for its holders. Much better if you maximize the usage and incentives that it gives to its holders.

But if you're fine and you'll invest just a spare money on it, that's what investing is.

darkangel11

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It doesn't look strong, to be honest.

I can tell you what I tell most people when it comes to investing in new tokens and altcoins. If you have little money, why would you choose them over bitcoin, knowing you can't afford to lose? If you have a lot of money, why would you need to take additional risk, when you can expect bitcoin to slowly bring you the profit you need, without additional risk?
It doesn't make sense for both, poor and rich investors to choose a volatile token instead of bitcoin. I have nothing against Rollbit, but the price of this token depends on the people behind the company and after all the shit that happened in crypto I'll never buy a coin that has a CEO. Decentralization, or nothing.

ethereumhunter

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Quote from: virasog on June 02, 2023, 07:59:14 PM

RLB is a token of https://rollbit.com/ casino site and it is worth $0.025 at the moment. BFG is a token of https://betfury.io/ casino site and it is worth $0.015 right now. The first thing which make one casino token more worthy than the other is the casino site itself. Rollbit is a much popular site as compare to betfury and therefore you should expect the RLB token to perform better than the BFG token.

Also we need to see the Tokenomics as how much is the Total and Circulating Supply, locked token if any, token burning etc, all these things have an impact on how a token performs in the long term.

Having a casino token in Long term investment is a good idea because that token has a use case and is more likely to be more worthy as the casino grows. This is same like crypto exchange token, the more the exchange is popular, the more its token gain its worth.

Maybe you can buy both tokens and hold them or stake them in the casino so that the amount can add up over a certain period. With the price still low, it could be a long-term investment, but that's only if you're willing to accept the risk if the price of the two tokens increases. And to anticipate this, you don't need to use too much money to invest in these two tokens. Maybe $20-$25 or under $50 is enough to buy both tokens. Apart from these two tokens, there are other casino tokens that you can make as investments in casino tokens so that you can add or diversify your tokens.

avp2306

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Quote from: tusandii on June 02, 2023, 10:25:18 PM

Quote from: smyslov on June 02, 2023, 06:25:03 PM

Quote from: Outhue on May 16, 2023, 04:02:05 AM

-snip-

I don't have RLB but I do have BFG and comparing the two it seems RLB is performing better than BFG.

Two things that you can consider are their long-term marketing which can really make an impact on the performance of the token in the market and how they address issues like complaints in the scam section.
I consider casino-based token worth including in your portfolio, especially if they have long-term marketing and their platform is performing well in the community they serve or target.

When comparing the two, I would also choose RLB to be the main option because RLB has been able to prove that it can develop very well, especially with the support of Rollbit which has become one of the big, trusted casinos.
But if it's for a long term investment with a large amount I would rather reconsider it because this is a gambling token where their movements are easy to influence or control because RLB is included in a centralized token.
I myself would prefer to invest with a short period of time so that it minimizes things that are not desirable.

No movement happening on BFG and it seems that Betfury cannot support their token. So I guess on that selection I would rather choose Rollbit since they are more better performer since Rollbit is big casino and their actions made help RLB to get some movements.

But even though many choose this still we need to do research since it doesn't mean that they are reputable casino they will not turn into shady platform so for preparing like worst situation to come better have second thoughts about thinking about long term so that we will not lose our money from bad decisions we take.

tusandii

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Quote from: smyslov on June 02, 2023, 06:25:03 PM

Quote from: Outhue on May 16, 2023, 04:02:05 AM

-snip-

I don't have RLB but I do have BFG and comparing the two it seems RLB is performing better than BFG.

Two things that you can consider are their long-term marketing which can really make an impact on the performance of the token in the market and how they address issues like complaints in the scam section.
I consider casino-based token worth including in your portfolio, especially if they have long-term marketing and their platform is performing well in the community they serve or target.

When comparing the two, I would also choose RLB to be the main option because RLB has been able to prove that it can develop very well, especially with the support of Rollbit which has become one of the big, trusted casinos.
But if it's for a long term investment with a large amount I would rather reconsider it because this is a gambling token where their movements are easy to influence or control because RLB is included in a centralized token.
I myself would prefer to invest with a short period of time so that it minimizes things that are not desirable.

virasog

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Quote from: smyslov on June 02, 2023, 06:25:03 PM

Quote from: Outhue on May 16, 2023, 04:02:05 AM

I have not gambled on Rollbit before and I want to ask if there is anything adding extra value to Rollbit token, anyone using this platform should please drop a feedback, is the token been used on the platform itself for gambling? Or it has benefits if gamblers use the token to gble instead of using Bitcoin?

I don't have RLB but I do have BFG and comparing the two it seems RLB is performing better than BFG.

Two things that you can consider are their long-term marketing which can really make an impact on the performance of the token in the market and how they address issues like complaints in the scam section.
I consider casino-based token worth including in your portfolio, especially if they have long-term marketing and their platform is performing well in the community they serve or target.

RLB is a token of https://rollbit.com/ casino site and it is worth $0.025 at the moment. BFG is a token of https://betfury.io/ casino site and it is worth $0.015 right now. The first thing which make one casino token more worthy than the other is the casino site itself. Rollbit is a much popular site as compare to betfury and therefore you should expect the RLB token to perform better than the BFG token.

Also we need to see the Tokenomics as how much is the Total and Circulating Supply, locked token if any, token burning etc, all these things have an impact on how a token performs in the long term.

Having a casino token in Long term investment is a good idea because that token has a use case and is more likely to be more worthy as the casino grows. This is same like crypto exchange token, the more the exchange is popular, the more its token gain its worth.

goinmerry

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A straight answer from my own perspective, I've never seen any users here share a successful journey of investing in a gambling utility token when we talked about long-term investing. Generally, a good choice to put money at risk with these tokens but not to the point that it will be considered worthy in the long run.

Even online gambling sites nowadays are really gaining big attention, either fiat online gambling or crypto online gambling, most users will just do the usual gambling here without even associating the advantages of using utility tokens in that said platform or treat those as investments either to hold or trade.

If anyone has some extra funds at risk, only they will know if investing in these gambling site tokens will be worth it in the long run.

Referring to Rollbit, I see them as a well-stable site that is keeping with the competition against other popular sites.

Hamphser

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Quote from: Ojima-ojo on June 02, 2023, 06:31:16 PM

Quote from: Haunebu on June 02, 2023, 02:05:28 PM

I wouldn't invest in it if I were you op. Why? Because the chances of earning huge profits from gambling tokens is pretty low based on my research. You stand to gain more by investing in memecoins instead.

Anyway, whatever your decision, I advise investing only what you are willing to lose.

Casino tokens are not suitable for investment but rather a suitable currency to be used as a utility on the casino, I have used a few of them sometime but just to sake on the casino and nothing more than that, as I don't have confidence in them so I can't hold them as an asset, I have seen and witnesses the rise and fall of many casino tokens and Rollbit is not different from that, and if I may ask.

How much is the current price of this token, let's see if the Rollbit token issuance has been helpful to the team andis a reflection of the many success stories.

You are right on this one on which i dont see a reason on why i would be buying a casino based token for long term holds considering that it would really be that still depending on casinos actual reputation
and popularity because if these qualities are really that not present then expect that its casino token value would really be going to the ground and this is something that i dont really consider out.
This is why if you are really that taking some risks on buying a casino based token then its up to you but for me then it wont really be that ideal on holding RLB for long term.
It might really be having some good value now but it would be always tied up with casinos reputation and popularity which as earlier mentioned.
If you could bare up with the risks then go ahead but if not then its your options.

Ojima-ojo

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Quote from: Haunebu on June 02, 2023, 02:05:28 PM

I wouldn't invest in it if I were you op. Why? Because the chances of earning huge profits from gambling tokens is pretty low based on my research. You stand to gain more by investing in memecoins instead.

Anyway, whatever your decision, I advise investing only what you are willing to lose.

Casino tokens are not suitable for investment but rather a suitable currency to be used as a utility on the casino, I have used a few of them sometime but just to sake on the casino and nothing more than that, as I don't have confidence in them so I can't hold them as an asset, I have seen and witnesses the rise and fall of many casino tokens and Rollbit is not different from that, and if I may ask.

How much is the current price of this token, let's see if the Rollbit token issuance has been helpful to the team andis a reflection of the many success stories.

smyslov

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Quote from: Outhue on May 16, 2023, 04:02:05 AM

I have not gambled on Rollbit before and I want to ask if there is anything adding extra value to Rollbit token, anyone using this platform should please drop a feedback, is the token been used on the platform itself for gambling? Or it has benefits if gamblers use the token to gble instead of using Bitcoin?

I don't have RLB but I do have BFG and comparing the two it seems RLB is performing better than BFG.

Two things that you can consider are their long-term marketing which can really make an impact on the performance of the token in the market and how they address issues like complaints in the scam section.
I consider casino-based token worth including in your portfolio, especially if they have long-term marketing and their platform is performing well in the community they serve or target.

danadc

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Quote from: Slow death on June 02, 2023, 02:46:00 PM

Quote from: Eureka_07 on May 17, 2023, 06:18:01 AM

Quote from: Slow death on May 16, 2023, 04:52:48 PM

But if the casino is known, trusted, and has good amount of user base, then the investment will be less risky, IMO. If I was very aware of the launch date of RBO, I would have invest on it even just with few bucks since I know how reputatble Rollbit is.
If there will be more interesting utilities, I won't doubt if RLB gets more valued overtime.

Is RLB currently be used as betting currency in Rollbit casino?

*This is not an investment advice, please DYOR.

I understand this and that the people who come early, who have the opportunity to buy early and the creators of the altcoin are the only people who really manage to make big profits, for those people who invest early there is no reason to be sad, even the token creators don't have any reason to complain because they always come out with profits, that's the problem, and that the token creators at the beginning are poor and make a lot of promises and when many months pass and the token has big increases, something like 10x or 20x token creators get rich and no longer care much about the token or altcoin

and who takes the losses? the answer is very simple: all people who buy after the token has had big price increases and then they are still deluding themselves that the price of the token will still have bigger profits, year goes by and nothing but even so people are still in the illusion, the saddest thing is that they don't think why the token would go up so much? what would make the token go up a lot? the casino offers the same things that all casinos offer so the new casino that offers the token will not be able to compete with an older and more reliable casino

This should not be complicated , whoever wants to win with tokens is easy, they have to buy them when they are on Pre-sale or just Coming out so that they can have a Chance to win , but if people are Filled with love for the token, one of those who buy and they never want to sell, they are struck out with that investment without having the option of earning anything, and that thought must be removed from their minds, the same Happens with casino tokens, if they do not take advantage of buying prices and selling at high prices, it is wrong , because it becomes the biggest losses that exist, what I do is if I can enter and buy cheap and the first ATH I sell everything.

South Park

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Quote from: jostorres on June 02, 2023, 04:45:25 PM

Quote from: tusandii on June 01, 2023, 11:59:20 PM

I myself am also the type of person who doesn't really believe in gambling tokens to be made into long-term investments because we can see for ourselves that some of the gambling tokens there isn't any that have managed to reach the peak of success are quite good.
Maybe for RLB lately it has good potential because the price is getting better but this is all supported by Rollbit itself which has become one of the most popular casinos with a pretty good reputation so that the adoption of RLB has increased and made the price go up.
But we must always prioritize caution, especially when we invest in gambling tokens, which are clearly focused on one point, namely Rollbit itself.

If for short-term trading maybe we can make RLB an option for now.

Gambling tokens are actually altcoins, and we should always be cautious when we are investing in altcoins for the long term because most altcoins are only good to be traded for the short term only to get a few percent of profits from your investment. When it comes to gambling tokens, I personally don't have any experience buying and holding them or even having my eyes on them.

A casino's trust and reputation might have a little bit of influence on the price of its native token but I don't think that it is the only element that can make the price go up, the main element for a cryptocurrency to gain more value is the demand, if a token is in demand, it's very likely to go pretty high in terms of value.

When a coin has a legitimate business behind it tends to do better than your standard altcoin, but at the same time it becomes a weakness that if exposed will destroy the coin, so far I have only heard good things about rollbit so it could be worth the effort to look more profoundly into this coin and invest in it if people like what they see, still I think this is a risk that most people do not really need to take right now as before an altcoin season appears a bitcoin bull run has to take place, and it is better to just keep holding our bitcoin until that day comes.

Casdinyard

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Quote from: Slow death on May 16, 2023, 04:52:48 PM

investing in casino token is something very risky, but if you put it in your head that it is a lost money then everything will be fine, but the moment you think about getting high profits then be careful because the casino tokens to go up in price depend on the casino performance and in this market of online casinos every month a new casino appears making this market already very saturated, the competition has become very big and the casinos are forced to have to see the number of customers being reduced, and if the casino offers some high bonus it risks going bankrupt, and from what I could see these casio tokens have the purpose of offering advantages in the casino

these benefits that the casino token offers in the casino will be creating conditions to bankrupt the casino when the casino needs to reduce or end certain incentives and bonuses, so if the casino reduces the benefits of the token, people will not be interested in buying the token token, therefore the price of the token will not rise, on the contrary it will fall, with the tendency of many casinos to appear each month so it is inevitable that the casino reduces the benefits it gives to the holders of tokens, well in any case I do research before to buy any casino token

I think this doesn't just go for casino utility tokens but for shitcoins in general. Most of these people think they're some sort of penny stock iteration that provides them with massive gains for little to no cost when in fact it's the biggest money drain in the industry. Invest for the hell of it, use it as some sort of warm up as you're trying to invest long-term on new currencies beyond bitcoin and ethereum, but don't really expect to get massive gains from it as Slow Death here has said cause there's no real world use case for these coins besides being the utility token for their sites, and since that kind of utility is a little self-centric you wouldn't really see people flocking in to buy this coin, and sometimes the casino would even limit public purchases to make sure they have enough to go around their site.

So yeah, invest if you have to, but don't really expect gains from it no matter what the charts say, save yourself from the disappointment.

jostorres

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Quote from: tusandii on June 01, 2023, 11:59:20 PM

I myself am also the type of person who doesn't really believe in gambling tokens to be made into long-term investments because we can see for ourselves that some of the gambling tokens there isn't any that have managed to reach the peak of success are quite good.
Maybe for RLB lately it has good potential because the price is getting better but this is all supported by Rollbit itself which has become one of the most popular casinos with a pretty good reputation so that the adoption of RLB has increased and made the price go up.
But we must always prioritize caution, especially when we invest in gambling tokens, which are clearly focused on one point, namely Rollbit itself.

If for short-term trading maybe we can make RLB an option for now.

Gambling tokens are actually altcoins, and we should always be cautious when we are investing in altcoins for the long term because most altcoins are only good to be traded for the short term only to get a few percent of profits from your investment. When it comes to gambling tokens, I personally don't have any experience buying and holding them or even having my eyes on them.

A casino's trust and reputation might have a little bit of influence on the price of its native token but I don't think that it is the only element that can make the price go up, the main element for a cryptocurrency to gain more value is the demand, if a token is in demand, it's very likely to go pretty high in terms of value.

Slow death

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Quote from: Eureka_07 on May 17, 2023, 06:18:01 AM

Quote from: Slow death on May 16, 2023, 04:52:48 PM

But if the casino is known, trusted, and has good amount of user base, then the investment will be less risky, IMO. If I was very aware of the launch date of RBO, I would have invest on it even just with few bucks since I know how reputatble Rollbit is.
If there will be more interesting utilities, I won't doubt if RLB gets more valued overtime.

Is RLB currently be used as betting currency in Rollbit casino?

*This is not an investment advice, please DYOR.

I understand this and that the people who come early, who have the opportunity to buy early and the creators of the altcoin are the only people who really manage to make big profits, for those people who invest early there is no reason to be sad, even the token creators don't have any reason to complain because they always come out with profits, that's the problem, and that the token creators at the beginning are poor and make a lot of promises and when many months pass and the token has big increases, something like 10x or 20x token creators get rich and no longer care much about the token or altcoin

and who takes the losses? the answer is very simple: all people who buy after the token has had big price increases and then they are still deluding themselves that the price of the token will still have bigger profits, year goes by and nothing but even so people are still in the illusion, the saddest thing is that they don't think why the token would go up so much? what would make the token go up a lot? the casino offers the same things that all casinos offer so the new casino that offers the token will not be able to compete with an older and more reliable casino

dothebeats

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Quote from: klidex on June 02, 2023, 02:08:04 PM

Quote from: Mate2237 on June 02, 2023, 12:47:29 PM

Quote from: Wiwo on June 02, 2023, 11:16:42 AM

The point in investments is where to get the right profits and casino tokens are not a good investment choice since they are created for the purpose of incentive anything other than that, will lead to grave devaluation that will lead investors to lose since casino tokens can't be called an asset, but a utility that is why some of them have a stable fixed price and are only used on the casino.

Investing in a casino token is not too bad because the casino too need investors and also needs people to use their token so they can be more popular in the ecosystem. They can also make profit from there too. If we talk about risk then nobody can invest in any coin or token because risk is part of human action. As some commentators said it is risk to invest in casino token, I don't believe that because risk is everywhere. And also if a casino token is listed in any exchange then the investor can also make use of it at anytime.

Regarding investing in casino tokens for me I don't really think about it because I'm also a gambler so when I invest a little money to buy a token like RLB and hold it on the Rollbit site even though the price drops I can still use it to bet.
In fact everything I experienced came true buying some RLB holding it on the Rollbit site and I used it to play the lottery and finally after the RLB price reduction made me happier because I didn't think too much about the RLB price but it pumped up to 100%.
So for me investing in gambling tokens there is no need to use large amounts of money just use small amounts that can be enjoyed when the price dumps.

I think the platform has all of the leverages to their advantage by releasing this token. First, they get to have a token that they can make money on as people invest and buy it and second, since the token can be used on their platform and it has value, they can just sell it somewhere and still make a profit while the gambler who wants to gamble more uses their token. It's a win-win situation for the platform, not so much for the gambler especially if he/she doesn't know self-control at all.

Topic: A long term investor here, thinking about adding RoLLBit Token - page 2. (Read 602 times)