A long term investor here, thinking about adding RoLLBit Token - page 4.

Johnyz

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Quote from: Outhue on May 16, 2023, 03:02:05 AM

Any long term gambling projects investor here? I have been monitoring Rollbit gambling platform token for a while now and to my surprise this token makes it to a new high recently, from 0.001$ in 2022 of October to 0.02$ today, that's impressive gains and the all time high was even 0.05$ in February of 2023, anyone buying such coins for a long term hold?

Rollbit gambling site is a good one, not because I market it but it is what it is.
Rollbit is very innovative and their Token really achieve a good appreciation, this is one of a few good gambling token where you can utilize and get rewarded. I see a better future with this token, though of course if its on ATH better to wait for the price to stabilize before getting some, correction might happen next for short but in long term, I'm very bullish with it.

mak013

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Quote from: Outhue on May 16, 2023, 03:02:05 AM

Any long term gambling projects investor here? I have been monitoring Rollbit gambling platform token for a while now and to my surprise this token makes it to a new high recently, from 0.001$ in 2022 of October to 0.02$ today, that's impressive gains and the all time high was even 0.05$ in February of 2023, anyone buying such coins for a long term hold?

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?

Thanks

Rollbit is well-known casino, but i don`t sure about their token. I don`t like to invest in projects that i use for other purposes(here for gambling), in such way i share investing and fun and willn`t think a lot if i need to sell tokens. As for me it is more useful way in investing. The same time i can recommend to think about casino tokens the same as all other crypto tokens. There are no difference between them.

ethereumhunter

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Quote from: iv4n on May 17, 2023, 01:37:07 AM

Quote from: ethereumhunter on May 16, 2023, 10:37:20 PM

snip

I like to play for tokens...

BFG and FUN are so different... and while we can mine BFGs, FUN tokens can only be bought. I have both... While holding BFGs we have passive income in popular coins FUN tokens can be staked only for more FUN tokens, but we get daily WoF spins, and increased daily interest/cashback, but that is for people who don't mind keeping some coins, and playing games on the site.
When it comes to OWL (I have a few hundred OWLs I think), after a good start they had some issues and it's a question if we will see them again on the forum. I stopped playing there a long time ago.

Talking about BFG and FUN tokens, I also have both but only hold them and don't mine BFG. And I prefer the FUN token because the token is at freebitco.in where the site is very old and is one of the most trusted gambling sites and is still operating today. And yes, I also get daily WoF spins which I save up to a certain limit then I spin to get the rewards.

Meanwhile, I don't have many OWL tokens, and they remain in my wallet. The OWL token is similar to the BFG token and can be one of the preferred tokens for investment. Of the many gambling tokens, I'm curious about which gambling tokens will be able to increase their price to reach the top list of gambling tokens.

dimonstration

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Dimon69

Quote from: dezoel on May 18, 2023, 05:44:03 AM

Investing in a utility token of a casino is not less than a gamble in itself since gambling platforms are not guaranteed to be around forever or too long, if things go wrong with the platform, it can shut down or lose players and that causes a huge plunge in the price of their token, so it's way too risky to he a holder of a token provided by a casino.

Not all risk can be considered as gambling. Investment risk is not the same on gambling risk because you are putting your money on the casino performance when you’re investing while gambling risk simply you are putting money on chances. I don’t consider investment on utility token as gambling unless you didn’t know exactly what you are doing or don’t have any idea on the casino you are investing then that’s the time you called it gambling. But if you do a research and you are convinced that casino will have a good news for utility token holder then that’s not gambling but investing.

Quote from: dezoel on May 18, 2023, 05:44:03 AM

If you buy tokens to get benefits on the platform if they provide any then that's good, but I don't think one should buy a token from a casino platform and hold it for a long term just like Bitcoin and other famous cryptocurrencies.

Casino utility token full benefits can be experienced in long term because that’s the time when they stop spending casino tokens and keeps returning part of the casino profit to the token holder. The only downside of waiting is there’s a chance that casino will failed along the way. This is the risk that investors needs to bear if they want long term investment but rewards will be huge if the casino become long term.

dezoel

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Investing in a utility token of a casino is not less than a gamble in itself since gambling platforms are not guaranteed to be around forever or too long, if things go wrong with the platform, it can shut down or lose players and that causes a huge plunge in the price of their token, so it's way too risky to he a holder of a token provided by a casino.

If you buy tokens to get benefits on the platform if they provide any then that's good, but I don't think one should buy a token from a casino platform and hold it for a long term just like Bitcoin and other famous cryptocurrencies.

Wexnident

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I wouldn't recommend investing everything you have immediately, looking at the chart the growth really looks insane but at the same time investing shouldn't really be done when it's up, it's when it's down that you actually should. Unless you're pretty sure the price would still go up or at least stay at it's current level in a stable manner, I'd avoid investing a whole lot on it.

On it's usage, I'm not sure but I think it should be related to the NFT rollbot that rollbit released long ago? Looking it up it seems to be used as lottery entries, there might be more but seeing the price increase it would seem that said lottery offers a lot, plus their burning mechanism which creates scarcity for the token itself.

If you wanted some similar benefits like VIP in some casinos, their NFT is what you need, not the token afaik.

Lanatsa

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Quote from: goldkingcoiner on May 17, 2023, 09:27:28 AM

Quote from: coin-investor on May 16, 2023, 04:25:37 PM

Quote from: Slow death on May 16, 2023, 03:52:48 PM

investing in casino token is something very risky,

I agree with your assessment I have invested in two Casino based tokens but dump the other one and only retail the first one, if you're going to buy a token-based casino you should check their standing here in the gambling community, if they are popular or supported the gambling community, do they have unsettled accusation and are they active in resolving issues.
I based these criteria to dump Owl token because they lock their thread and they prefer to ignore members who ask them to communicate with the community, so far Rollbit is doing good here in Bitcointalk but do check the risk and the benefits and see if the benefits outweigh the risks.

I think that there is an entire world of difference between investing in a long standing and reputable casino and investing in a new casino which has not proven itself yet. Obviously the latter is riskier and should be avoided. But if you were to look at the investment opportunities from a relative point of view, you would see that investing in any business is risky. However, casinos tend to be very profitable and how I see it, a less risky investment than some other business model. Just because of how successful a lot of casinos become compared to how successful other businesses tend to be..

I think it is strange that owl is pulling back on their PR marketing but to each its own, I guess.

When it comes to success then it would really be depending because not all who do build up some business whether on gambling industry or into another cant really be able to assure about its success.
We've seen those who are really that known and reputable or something popular but ending up on being replaced up into the ranking because there's something more better that had recently existed.
This is why there's no assurance that popularity would really be remain like forever.

Back on topic about RLB on which it would normally be that going in line with its platform when it comes to its value.If ever it would really be still able to be that relevant and popular on
upcoming years to come and been that profitable then it would really be reflecting out into its own game token which it is really just a normal approach.

Yatsan

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Gambling projects are one of the best investments if you are just into project engagement. There are many gambling prjects and platforms which are good and existing in long term. Honestly, I never experienced playing in Rollbit but as I have read feedbacks, it is inedeed a good one. Much better if you would engage into it first in order to know it at first hand.

But if it is with tokens alone as an investment, I doubt it would be that much profitable. Most of the gambling (projects/platforms) token are either having a lower market price after the release, or stable. Reason to this, is the utility. A gambling token is basically being used in the platform which makes sense to say that the demand won't be that high. Not all investors are gamblers in the first place unlike with other token investment in this industry.

goldkingcoiner

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Quote from: coin-investor on May 16, 2023, 04:25:37 PM

Quote from: Slow death on May 16, 2023, 03:52:48 PM

investing in casino token is something very risky,

I agree with your assessment I have invested in two Casino based tokens but dump the other one and only retail the first one, if you're going to buy a token-based casino you should check their standing here in the gambling community, if they are popular or supported the gambling community, do they have unsettled accusation and are they active in resolving issues.
I based these criteria to dump Owl token because they lock their thread and they prefer to ignore members who ask them to communicate with the community, so far Rollbit is doing good here in Bitcointalk but do check the risk and the benefits and see if the benefits outweigh the risks.

I think that there is an entire world of difference between investing in a long standing and reputable casino and investing in a new casino which has not proven itself yet. Obviously the latter is riskier and should be avoided. But if you were to look at the investment opportunities from a relative point of view, you would see that investing in any business is risky. However, casinos tend to be very profitable and how I see it, a less risky investment than some other business model. Just because of how successful a lot of casinos become compared to how successful other businesses tend to be..

I think it is strange that owl is pulling back on their PR marketing but to each its own, I guess.

Bushdark

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The Rollbit is a good casino and investing in there token is rest left to you if you think that it will give you good returns holding it for a long time. There are some risks one need to take as an investor for you to make gain holding a casino token. If you are a regular gambler on the platform and you might not have such a risk when you hold it and gamble with it. You need to make some enquire about the company of what use the token is meant for if it is being used for make bet on the playform which is a good move holding it and betting with it.

borovichok

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Quote from: Eureka_07 on May 17, 2023, 05:18:01 AM

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.

Generating capital for investment on solid project is worth it, there's no excuses to observed a potential token and not bagged it. Investments are triggered on a daily basis, but not all provide predictable outcomes. It is critical that we take the time to thoroughly identify strong coins with full potential before moving to the final level of investing. I intended not to lose out on any solid ventures in the space; it's important to always have a backup plan in case things don't go as planned. Rollbit casino has made several credible movements in the past, and it is currently a good alternative.

Yogee

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Quote from: Agbe on May 17, 2023, 07:30:50 AM

Quote from: ryzaadit on May 16, 2023, 03:29:02 AM

Read here: https://whitepaper.rollbot.com/ / https://rollbot.rollbit.com/rlb.pdf

You can get the full information of their utility, what asset they are provided and other. It's better to look their information desk rather than waiting someone explaining not fully about the benefits you can get from their token/NFTs.

Exactly. And also I think most of this users create thread for their weekly quota count if not since he has been with them for a while then he would have known what to do. Even Rollbit customer care service platform would given him a full details of the matter....

Relax. I can understand where OP is coming from. Of course he could always read the whitepaper for more information but it's like he also wanted some sort of verification from actual Rollbit players and RLB holders. It's always a good practice to hear feedback from third parties and not just from people behind the platform and token.

Agbe

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Quote from: ryzaadit on May 16, 2023, 03:29:02 AM

Read here: https://whitepaper.rollbot.com/ / https://rollbot.rollbit.com/rlb.pdf

You can get the full information of their utility, what asset they are provided and other. It's better to look their information desk rather than waiting someone explaining not fully about the benefits you can get from their token/NFTs.

Exactly. And also I think most of this users create thread for their weekly quota count if not since he has been with them for a while then he would have known what to do. Even Rollbit customer care service platform would given him a full details of the matter. Well I believe the token can be use to place bet along side with bitcoin.

BenCodie

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Rollbit have undergone some extensive marketing campaigns over the last several months. The rise is probably an over-valuation and not at the sole result of their utility, which may correct as the marketing budget reduces or as site activity retracts. I would not invest in any token that has risen 20x in the last 6 months, not even for a long-term hold.

From a trading/economic standpoint:
Those who entered in the $0.001-$0.01 range can redeem 2-20x profit at this stage, this creates a large possibility of selling, thus increasing the risk if you were to buy at $0.02. Instead, wait. If there is a dip from these entrants redeeming profits, buy the dip. If the price continues upwards, accept that the opportunity has been missed, and find another opportunity. If you buy the top and the price retraces to $0.01 (still 10x for first entrants) that's a 50% loss, while the token price needs to go to $0.03 (30x original price) for you to make this amount. Don't FOMO, don't buy the top.

Wapfika

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Quote from: iv4n on May 17, 2023, 01:37:07 AM

Quote from: ethereumhunter on May 16, 2023, 10:37:20 PM

...
But other tokens might also increase, such as BFG, OWL, FUN, and many other gambling tokens. You can check it on this page:

Code:

https://coinmarketcap.com/view/gambling/

Investors who buy gambling tokens can stake their tokens to get a large return because, when they buy the tokens, the price is not very high. So it's an advantage for them if they can buy a lot.

I like to play for tokens...

BFG and FUN are so different... and while we can mine BFGs, FUN tokens can only be bought. I have both... While holding BFGs we have passive income in popular coins FUN tokens can be staked only for more FUN tokens, but we get daily WoF spins, and increased daily interest/cashback, but that is for people who don't mind keeping some coins, and playing games on the site.
When it comes to OWL (I have a few hundred OWLs I think), after a good start they had some issues and it's a question if we will see them again on the forum. I stopped playing there a long time ago.

I wanted to try Rollbit, but: RollBit Casino Review

I think this is related to their latest issue which they are operating without a license which they claimed they have that later on proven none. They become so quiet at that time and don't entertain all criticism and outside communication. They are now building slowly their RLB tokens by implementing new features that can help to boost the price.

Is there any timeline on when BTCGosu drop Rollbit exactly? Is the last update on 01/02/2023 their last communication with Rollbit? because the project at that time is under some issues.

robelneo

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Quote from: Outhue on May 16, 2023, 03:02:05 AM

Any long term gambling projects investor here? I have been monitoring Rollbit gambling platform token for a while now and to my surprise this token makes it to a new high recently, from 0.001$ in 2022 of October to 0.02$ today, that's impressive gains and the all time high was even 0.05$ in February of 2023, anyone buying such coins for a long term hold?

Honestly, I made a bad decision not investing in Rollbit I was building a portfolio for casino-based tokens I have four, Fun, BFG, Owl, and Bitgame, but I missed the one that should have brought profit to my portfolio.

Just look at the profit, $0.00093506 3,783.84% Jul 02, 2022 (11 months) this is the same time I invested on the three tokens I mentioned and this is one of my biggest regrets I did not notice it until you posted this thread.

Maybe RLB can give out more, All I know is the next casino-based token after Fun token lands on Binance will have an edge over the other casino-based token.

if you're going to invest be sure to dig deep and continue following the progress of RLB.

Eureka_07

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Quote from: Slow death on May 16, 2023, 03:52:48 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.

Helena Yu

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Quote from: piebeyb on May 17, 2023, 04:21:52 AM

but I know friends who have invested in Rollbit said they are quite profitable

I think your friend invested in Rollbit token when they were have a problem to renewed their license, after it's done, the price is suddenly increase and back to the normal price.

As we know casino token is mostly depends on the casino's reputation, if anything bad happen on the site, the token price will follow the same path e.g. FTX token. Rollbit is currently become one of the most reputable and trusted casino, it's just unfortunate many gamblers are abusing in this casino.

Distinctin

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Quote from: Outhue on May 16, 2023, 03:02:05 AM

Any long term gambling projects investor here? I have been monitoring Rollbit gambling platform token for a while now and to my surprise this token makes it to a new high recently, from 0.001$ in 2022 of October to 0.02$ today, that's impressive gains and the all time high was even 0.05$ in February of 2023, anyone buying such coins for a long term hold?

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?

Thanks

I think you need to study the project. It is currently active and popular within the community, which has led to the coin having significant value. However, it's up to you to analyze whether the current price allows for further improvement. Personally, I haven't seen many successful casino projects, so I find it risky to invest in one.

Nevertheless, if you believe in the principle of high risk, high reward, then you can try your luck. Just remember, it's always preferable to make moves based on calculated risk.

piebeyb

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Rollbit is only one of the successful gambling tokens out of hundreds of failed gambling tokens, maybe not many tokens have succeeded like Rollbit, I have never invested here but I know friends who have invested in Rollbit said they are quite profitable, I only invest in FUN tokens from freebitcoin and i also hold this token haven't seen price increase unlike Rollbit but i believe FUN also have a future like Rollbit.

If you feel confident with Rollbit and want to invest there, make sure to do some research beforehand, it will be better so you don't feel like it's the wrong time to invest here.

Topic: A long term investor here, thinking about adding RoLLBit Token - page 4. (Read 671 times)