Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 161. (Read 90068 times)

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.

As I already explained above. My comment is not about judging the poor performance of BFG tokens but rather to emphasize that staking is not really gonna help much to recover losses from decreasing value of BFG tokens. The previous comment that I reply is about how he emphazis the staking is helpful but in reality it just make BFG holder to hold more and bear the price dip.

You can the previous discussion on this link https://bitcointalksearch.org/topic/m.61496419

You are right that the APY has dropped quite a lot since the beginning of this year. Currently we have an APY of around 45% and before we had a long period of around 65-70%. For the price of the token, as some others already mentioned, all coins have dropped massively in this bear market so BFG is not an exception.

BFG token's all time high was $0.068 and the current price is above 1 cent . Which is not much less in accordance with the market.  Because the price of many good tokens has also dumped more than this in this bear market . I am not advocating for BFG Token.  But I am expressing my opinion in accordance with everything

I would have to agree with the previous poster. Attempting to judge the price performance of the BFG token (or any crypto) during crypto winters is not a very smart way to Gauge the realistic future APY. You should instead be comparing how the price is doing on a more selective scale. For example, is the market cap corresponding to the drop in price the same way other similar tokens do?

If the only factor which is inducing a bear market of the token is the overall crypto bear market then that alone is not enough information to judge a token.

I’m not blaming or single out the BFG token poor price performance. It just happened that this thread is for Betfury BFG tokens and the comment that I reply is about the APY of BFG so I focus my comment on the topic by not including other altcoins in the market like what you said. This is not a general altcoin discussion thread so let's focus on BFG.

Besides I didn't suggest to invest on lther tokens and only mention that it is better to not stake and don’t hold the token at current condition to avoid loss.

Not only BFG token but almost all tokens and coins have started to fall in bear market.  which is a normal cycle.  So now the BFG can't be the only one to blame.  Because all cryptos are very deep right now.  But since BFG is giving their staking offer.  So it will be a consolation prize . Since BFG Tokens are free by gambling even if not purchased.  Hence stalking rewards will serve as a good benefit for gamblers

That's the dilemma in the staking type of investments. You are only hoping that they will recover their price later on.
But for those who are staking, definitely, it is not advisable to sell while the price is at a loss.
However, you should look also on where they are regarding their developments and all, if they have the chance to get better in the future.
As we can see, betfury has relatively good number of players, and with their promotions, you can see that they are pretty good in terms of revenues.
So their token's price may be also due to the bearish season of the crypto market in general, just monitor when btc starts to go up if their token's price will also improve.

The staking APY is just minimal compared to the price value decrease per day especially that the reward is on different token which price is falling too. The passive income from staking is somehow helpful to recover some losses but it's not good compared when just didn't hold any BFG tokens at during this bear market. The price will keeps falling because new BFG tokens is continuously added on the circulating supply since the total supply is not yet max out.

Some people might view staking as positive way to recover loss but the consistent price down trend is a serious problem that needs to be considered on making investment.

i recommend that you take a lot of time watching videos on youtube about how casinos work, you need to get deep knowledge of a lot of things, if you don't take time to get deep knowledge of a lot of things then you will lose money, you have to know that casinos they are a business in which the owner of the casino when he invests in creating a casino he is doing it with the aim of making profits and if you take a lot of time to do research you will realize that when you put money in casinos few people leave with profits, you will understand that the house (the casino) always wins

as for the faucet, to be honest I think this is something that is no longer worth it, in the past even with the price of bitcoin being low the value that claim on the faucets was a very good value that in just one month it even made sense for the person to continue to claim, but currently the value has become very low, the best thing is to even put money in, but you should bear in mind what I said about the house always wins, you should not look at the casino as a business if you are a gambler, look the casino as a place for you to have fun, always keep in mind that the money you put in the casino is lost money, do not have hope and expectations of making profits

For BFG staking they provide multiple coin rewards which is a very good feature.  So investing in BFG is a very good plan for gamblers.  Although the price of this token is decreasing day by day to maintain the market consistency.  But its staking ward is recovering a lot of that loss. Since the price of BFG token is very low now, there is a good chance of getting a good amount of reward by investing only $100 in token staking.