Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 136. (Read 85273 times)

It's surprising that BFG holds its ground still being one of the popular casino tokens after all the turmoil going on in crypto. There are lots of believers in this project when one will really dig in since one can earn BTC and other tokens upon staking BFG. They gotta maintain thier popularity coz if the discussions about this died down, they may also lose the battle.

They were doing a signature campaign weeks ago, they might need more on social media as well. That free spin that only makes people win the FUNfury, is not helping.

The best time to invest is when price is cheap, and that is now, but it surprises me that it is the other way round for most people, they would rather invest, that is fomo in when they see the price going up rather than buy when its super dead cheap.
Any investor finding BFG to be really good and believe the price will increase significantly in the future, now is the time to buy, don't wait until binance and some other major exchanges listing...
Get greedy when others are fearful and be fearful when the majority are greedy.

Yep, every token in this market is volatile. It's hard to expect that it will be stable and just go upwards regarding the time span. Even betfury native token BFG isn't exempted from this volatility. This is why we have bull and bear market where most token go up or down depends on the market cycle you are in. If you really like the token and think it has a very good road map just like what other see on BFG, Well you should invest in it given that you have a high hopes in it.

Exactly, it is a little bit late maybe to start mining tokens but it is still profitable in my eyes in the long end thanks to the daily dividend you get. Betfury has also always delivered what they promised (check their roadmap) so I think the future is quite bright for Betfury. They keep doing big events (like the ongoing Christmas event) and the prizepot is getting bigger every year.

yes because BFG is backed up by betfury because they are a well-known casino site also in this forum so I think it's safe to invest long term as long as their casino continues to operate, avoid staking on casino tokens that have no progress and no future, I think BFG always has a way to be more famous in the future 

I do not think this is the right way to judge a token. In the last year, name me any token or coin that is able to sustain its price during this year's bear market.

All the coins have lost 80-90% of their value and the same is the case with BFG. I am sure that BFG token has a good use case and once this bear market is over we will see some good momentum in its price.

Also, BFG is not yet available in binance and other big exchanges. Once it is listed there, we can see another price momentum in its price.

Before making such statements, why not take a look on overall market situation. BFG token is not the only altcoin, which price did not change during long run. Anyway, try looking from different angle - you basically get this token for free while gambling. Do you know a lot other casinos that reward you with tokeks for gambling, tokens that give you daily rewards. Yeah, I know that rewards are low, but something is always better than nothing. Not really trying to change your opinion on BetFury, but compared to others, they keep on running daily challenged, while others go bankrupt. Maybe yes, BFG is not the best token for long term holding, but others dont even have such rewarding option.

Before saying this token is worth it to hold for long time, you need to check the price history first [1] as you can see after one year, did this token price is increase in the long run? nope. It keep decrease similar like fiat where inflation always happen in every year.

To be honest it looks like Betfury is slowly become inactive and doesn't have many improvement, unlike the beginning where they're active and many people are supporting this project.

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[1] https://www.coingecko.com/en/coins/bfg-token

If one plans to earn money through staking rewards then this will not work for him but if one wants to invest in a token for a long time as it is potential  .  So if he does not hold freely those tokens and keeps them in staking, he will get some additional tokens from there which will give some support to his investment. This is the potential benefit of staking

The golden age of staking is over, staking is currently not very profitable, it's just that if you are a typical investor who prefers to hold long-term coins, staking can add a little profit while waiting for the time to sell the coins we choose for staking, you have to be careful choosing coins for staking but BFG is quite safe because they have other businesses that can back up BFG coins

Staking reward is basically a form of interest.  You have to deposit your money to get them.  Which is also done by the banks of every country.  But in this case they do not give much profit.  They give a limited profit at the annual  rate.  Which will never recover the price of a token.  But it may help him a little to recover some of his losses. So this small profit should not be underestimated

Yup, this is one of the main problems i have with kyc, that criminals might get my address. Only solution i could see for this is some sort of zero proof knowledge solution where you don't need to give any info to casino and still prove you are who you say you are. However that tech is still very much in experimental stage and we might need to wait several years for casinos and everyone using system like that. But that's coming for sure, it would solve so many problems with securing your data.

And what you said about tighter regulations is true. I don't think people are getting how much more different this scene will be in the future, because there's no escaping regulations.

That is good advice for rich people. But not really something that 99% of us need to worry about in our life. Worst case scenario, you brag about being rich on the internet and the "bad people" dox you and break into your 3-room apartment because they believed you. Now once they find out you have no riches, they might do something bad to you out of revenge. There are enough scummy people in this world.

But I do agree with the KYC part. That is very sensitive information, which should be handled with care.

I haven't read anything like that, for that reason I didn't know that there is a law that prohibits exchanges from listing certain casino tokens, but I know that US laws are very strict in relation to tokens, exchanges, casinos, ICOs, DEFI and that's why reason many cryptocurrency exchanges and investments are not based in the US and put TOS prohibiting US citizens from investing, for example in the case of online casinos, I do not see any online casino saying that it has a US license and that US people can play freely, I only see online casinos having a license from curacao which has softer laws but now curacao wants to implement tougher laws for only online casinos

Curaçao to overhaul regime with new regulator, higher bars to entry


this issue of where our data is kept and whether it is safe or not is a question that has kept anyone up at night, the truth is that no one is comfortable giving their data to someone anonymous, remembering that your proof of residence has it your home address, so that makes it easier for scammers besides you to steal money at the casino he can also get to your house and steal and kill you, that's because if the scammers see that you are a big whale in his casino so he already knows that in the real world you have a lot of money. are things that scare

So it's obvious. 
Of course, all the data of any person who has passed the KYC procedure remains in the databases of the casino or in general of any institution where you were required to verify the KYC procedure.  Now this is so often required that almost anyone is already identified by KYC in many places on the network. 
Moreover, I think that in general there is already a confidential exchange of information about specific people, even despite the prohibitions on the dissemination of personal data.  Thus, personal data is "cleaned".  And that's it  - you already know exactly who he is and where, on which site something was hidden or incorrectly and deliberately written. 

Alas, we are all already "under the hood" of "Big Brother"

It is true, also as I had said before, when an investor realizes that there is a token in Biannce3, that fills him with great confidence, of course now with everything that has occurred in terms of FTX, there have been many withdrawals from of large sums of money to their private wallets, and this is something that Binance itself sought by walking with its formalities and with its KYC, and above all kneeling in front of government regulators and police entities in the world, these things are not very good Seen by people who have a lot of money and who have their savings or finances in Bitcoin, or another crypto, this is full of distrust, and it may be easier to enter a token like BFG on Binance.


This is very true, for me it is difficult for things that have always been at a low level to go back in the same direction, so they have the BFG tokens that have gone down a lot, it takes some time, what is necessary for them to bitcoin starts to rise, and you have to wait because if the dividends are not enough, it will be difficult for this to improve, perhaps the market liquidity that the BFG Tokens have to give is some liquidity to the maximum so that they can raise it, but it is the only way, the bad thing is that when they do, they will always be waiting to sell them and that can knock down the price even more.

Yeah, anyone saying that price is too low don't know what they are talking about. If price is lower then the dividends they get out from it they should buy it. If it's higher they should sell it. It's simple as that. There's no way to predict anything other about the token price in the future without knowing their plans for the future. And that is still for some reason unclear. I am guessing they don't have endgame plans for it or haven't decided what they are yet. Anyway, silence about that makes just sure that price will continue to drop.

Any coin that withstand the bearish market know very well that during a bullish market the coin will do well, so i know that cryptocurrency and Bitcoin can't be use and compare to other tokens, so this BFG token is doing well because when you check any other coins you will see that they are falling because of long stays of bearish, so BFG token is trying to survive like other coins, so i believe so from my understanding, when you check the value of other coins you will see that they are no longer same.

expect that everything will be in the declining mode when btc itself is in the bearish mode. it is not a surprise that most markets are following the btc market. worry if for example, no one is playing anymore in betfury. that's when you will worry with your bfg tokens, because it may go down the drain if betfury itself is not generating their revenue anymore. but looking at it, they are still good as they can still afford to offer promos and rewards in million dollar worth of crypto as well as the mercedes benz g-class. how many casinos or bookies are offering such generous rewards? so dont lose with your bfg token if the site itself is still doing great.

People do not judge BFG with its price, or at least they should not do that, they should judge it by how much work is going into it and what is done to keep it alive. I understand that because the price of everything is on the lower end right now, that looks like we are talking about something that is a bit riskier, but that doesn't change the fact that we are going to end up with no work done on it during this period neither, there should be some hard working staff on this token to keep it alive as much as possible.

Betfury can't get away with it if they just do no work or marketing or development on BFG just because we are in the bear market.