🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 290.

Bttzed03

legendary

Activity: 2114

Merit: 1150

https://bitcoincleanup.com/

Quote from: babygun on August 18, 2021, 09:31:50 AM

Quote from: tippytoes on August 18, 2021, 05:37:32 AM

Just to change topic here. If anyone noticed that bitcoin has 2 options now - native and the BSC network

However, I was hoping that they will reduce their withdrawal fees because a lot of casinos already significantly reduced their fees and also with the integration of BSC network. But the fees are still the same for fast and slow transactions.

Also just saw this. Withdrawal fee for a slow transaction is quite low compared to some other casinos (7500 satoshi).

Slow transaction fee on the native Bitcoin blockchain is still quite high compared to the current fees with fast confirmation. Betfury charges 0.000075 BTC as you said while my recent transaction only caused me 0.00000747 BTC (3 sats) and that was confirmed in 10 minutes. Anyway, adding BSC as an option is great but it would be a lot better if they can also check/adjust fees every 2 weeks. I hope that's not asking a lot.

delfastTions

legendary

Activity: 2702

Merit: 1465

Quote from: babygun on August 18, 2021, 09:31:50 AM

That's indeed also a factor that I didn't take into account. If Betfury can fullfill their promises and they can launch their token on some major exchanges than the price of one BFG token will probably also be higher than it is right now.

This may not be the case at all. I think that devs is doing the right thing, that it is in no hurry to list the token (as I believe, it is not yet strong enough) on large exchanges, where Traders play for large, large amounts. Such a token can immediately be susceptible to attacks in the form of a dump or pump, which will greatly redistribute the ownership of the token and, in general, can make the project dependent on unauthorized persons, which is generally unacceptable for a devs project.
So let it be traded on one exchange for now.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: babygun on August 18, 2021, 09:31:50 AM

Quote from: justdimin on August 18, 2021, 06:01:40 AM

It is all about the price of the token, if you can actually make it work and the price of the token doesn't change or goes up then you are going to obviously make a great profit, it is definitely a great way to make profit, there are so many miners I know that is moving to staking because it requires a lot less capital (no costs that goes on like electricity) but at the same time it all depends on the coin.

If you are doing something like BNB staking (which is low profit but exists) then you know it is going to be fine, maybe today maybe in a year but it will be high, when you are doing it for BFG the rewards are higher but you do not know what the price will be like. So, assuming you got 1k token for 33 dollars that means in a year those 1k tokens could be 100 or could be 10, in that case staking will not matter too much because the price already changed so much.

That's indeed also a factor that I didn't take into account. If Betfury can fullfill their promises and they can launch their token on some major exchanges than the price of one BFG token will probably also be higher than it is right now.

It is not just about having it like that, it is also about the fact that we are in a situation where people are making as much money as possible from quick trades or quick investments hence being on a new place would be good just for a while, nothing more.

I would have to say that it is definitely not a great deal to just list and do nothing, you have to do something to make that listing be worth something as well, otherwise it makes zero sense. What could they do? They could simply just keep on improving the website itself, believe me I am serious about it, I know they are not doing it because they care about being listed in more places or just increasing the price of the token and so forth but make this casino the best casino in the crypto world, make it top 3 at least, and you are going to realize that the token will be insanely high as well just from that.

babygun

sr. member

Activity: 2170

Merit: 254

Quote from: justdimin on August 18, 2021, 06:01:40 AM

Quote from: babygun on August 17, 2021, 04:46:41 AM

I would put it in staking. Just did some calculations, based on the current values. Buying 1000 BFG tokens would cost 33$. Made some assumptions: all staking values would remain the same and I calculated with 2 possible crypto prices (one low and one high). Based on this, it would take 10 months (in a bull market) before you would break even.
Any thoughts on this?

It is all about the price of the token, if you can actually make it work and the price of the token doesn't change or goes up then you are going to obviously make a great profit, it is definitely a great way to make profit, there are so many miners I know that is moving to staking because it requires a lot less capital (no costs that goes on like electricity) but at the same time it all depends on the coin.

If you are doing something like BNB staking (which is low profit but exists) then you know it is going to be fine, maybe today maybe in a year but it will be high, when you are doing it for BFG the rewards are higher but you do not know what the price will be like. So, assuming you got 1k token for 33 dollars that means in a year those 1k tokens could be 100 or could be 10, in that case staking will not matter too much because the price already changed so much.

That's indeed also a factor that I didn't take into account. If Betfury can fullfill their promises and they can launch their token on some major exchanges than the price of one BFG token will probably also be higher than it is right now.

Quote from: tippytoes on August 18, 2021, 05:37:32 AM

Just to change topic here. If anyone noticed that bitcoin has 2 options now - native and the BSC network

However, I was hoping that they will reduce their withdrawal fees because a lot of casinos already significantly reduced their fees and also with the integration of BSC network. But the fees are still the same for fast and slow transactions.

Also just saw this. Withdrawal fee for a slow transaction is quite low compared to some other casinos (7500 satoshi).

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: babygun on August 17, 2021, 04:46:41 AM

I would put it in staking. Just did some calculations, based on the current values. Buying 1000 BFG tokens would cost 33$. Made some assumptions: all staking values would remain the same and I calculated with 2 possible crypto prices (one low and one high). Based on this, it would take 10 months (in a bull market) before you would break even.
Any thoughts on this?

It is all about the price of the token, if you can actually make it work and the price of the token doesn't change or goes up then you are going to obviously make a great profit, it is definitely a great way to make profit, there are so many miners I know that is moving to staking because it requires a lot less capital (no costs that goes on like electricity) but at the same time it all depends on the coin.

If you are doing something like BNB staking (which is low profit but exists) then you know it is going to be fine, maybe today maybe in a year but it will be high, when you are doing it for BFG the rewards are higher but you do not know what the price will be like. So, assuming you got 1k token for 33 dollars that means in a year those 1k tokens could be 100 or could be 10, in that case staking will not matter too much because the price already changed so much.

tippytoes

sr. member

Activity: 1988

Merit: 275

Just to change topic here. If anyone noticed that bitcoin has 2 options now - native and the BSC network

However, I was hoping that they will reduce their withdrawal fees because a lot of casinos already significantly reduced their fees and also with the integration of BSC network. But the fees are still the same for fast and slow transactions.

FinneysTrueVision

sr. member

Activity: 1680

Merit: 379

Top Crypto Casino

Quote from: LUCKMCFLY on August 17, 2021, 08:34:02 PM

Quote from: FinneysTrueVision on August 17, 2021, 07:50:26 PM

With only 1,000 BFG tokens you will only get a few dollars in each coin after 1 year. There's not much you can do with a few dollars in BTT or TRX. Consolidating all your coins into a single currency would be a real pain in the ass because you would lose a lot in withdrawal fees from exchanges.

The APR from staking might go down and the price of BFG could go up making farming a potentially better option. It is not easily predictable which option will give you better returns. For me it is more about the tradeoffs than the amount of time it would take to recover the initial investment. Personally, I've traded my BFG for BSW and put it in the auto-compound launchpool on Biswap, which still has over 400% APY and the price has also been pumping recently.

Based on what you say and according to your experience, do you think it is much more profitable to swap from BFG to BSW? I have been keeping my tokens on the platform by staking, there are not many tokens that I have but if I want to know according to what others have done, which is the best option? Of course I have been looking at the BFG chart, its volume and everything, but more information is still missing, it must be because the token has been on the market for a short time.

BSW looks more bullish to me. It is the native token of an exchange with $645 million in TVL. There will always be demand for the token regardless of how the market is doing. Biswap was also named by Binance one of the most valuable builders on BSC. I do not see a casino growing faster than a popular DEX. I also think it will be harder to get BFG listed on big exchanges because it is a gambling token and also pays dividends.

babygun

sr. member

Activity: 2170

Merit: 254

Quote from: cryptoperkele on August 17, 2021, 06:41:59 AM

I wouldn't count on this. You would have to count in that crypto prices go up and money inflow to the site might go down. Not to mention the inflation on the tokens. Long time roi is very hard to predict in betfury.

Yeah you are right, that's why I made some assumptions, but the more tokens that get mined, the lower the dividends you will get so my calculations are also too optimistic.

Quote from: FinneysTrueVision on August 17, 2021, 07:50:26 PM

With only 1,000 BFG tokens you will only get a few dollars in each coin after 1 year. There's not much you can do with a few dollars in BTT or TRX. Consolidating all your coins into a single currency would be a real pain in the ass because you would lose a lot in withdrawal fees from exchanges.

-snip

Luckily, BTT now is part of the TRX pool. What I try to do is just withdraw my TRX to binance (zero fees) and convert it to BNB. There are some fees for the conversion but they are reasonable.

UserU

hero member

Activity: 2128

Merit: 532

FREE passive income eBook @ tinyurl.com/PIA10

Quote from: FinneysTrueVision on August 17, 2021, 07:50:26 PM

With only 1,000 BFG tokens you will only get a few dollars in each coin after 1 year. There's not much you can do with a few dollars in BTT or TRX. Consolidating all your coins into a single currency would be a real pain in the ass because you would lose a lot in withdrawal fees from exchanges.

The APR from staking might go down and the price of BFG could go up making farming a potentially better option. It is not easily predictable which option will give you better returns. For me it is more about the tradeoffs than the amount of time it would take to recover the initial investment. Personally, I've traded my BFG for BSW and put it in the auto-compound launchpool on Biswap, which still has over 400% APY and the price has also been pumping recently.

True, not a fan of staking for diluted returns in shitcoins. Not to mention you can't consolidate all because BF prohibits such requests (I asked before and it's for AML purposes),

I haven't unstaked my BFGs yet since the 300+ APR stopped, but now I'm in a dilemma. I have both holdings, but Biswap in such small amounts would be negligible even if it appreciates on Biswap farming. Might consider exchanging Biswap for BFGs and just farm.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: FinneysTrueVision on August 17, 2021, 07:50:26 PM

With only 1,000 BFG tokens you will only get a few dollars in each coin after 1 year. There's not much you can do with a few dollars in BTT or TRX. Consolidating all your coins into a single currency would be a real pain in the ass because you would lose a lot in withdrawal fees from exchanges.

The APR from staking might go down and the price of BFG could go up making farming a potentially better option. It is not easily predictable which option will give you better returns. For me it is more about the tradeoffs than the amount of time it would take to recover the initial investment. Personally, I've traded my BFG for BSW and put it in the auto-compound launchpool on Biswap, which still has over 400% APY and the price has also been pumping recently.

Based on what you say and according to your experience, do you think it is much more profitable to swap from BFG to BSW? I have been keeping my tokens on the platform by staking, there are not many tokens that I have but if I want to know according to what others have done, which is the best option? Of course I have been looking at the BFG chart, its volume and everything, but more information is still missing, it must be because the token has been on the market for a short time.

FinneysTrueVision

sr. member

Activity: 1680

Merit: 379

Top Crypto Casino

Quote from: babygun on August 17, 2021, 04:46:41 AM

Quote from: TimeTeller on August 16, 2021, 03:42:30 PM

Are you going to put the 1k BFG tokens to farming or staking?
Because for staking, you can get the approximate payouts from their site, you just need to calculate at 1k tokens.
But for farming, this one is quite difficult as the APR changes from time to time, so you can't get good estimates here.
Also their farming has only certain number of blocks to be finished. So you don't know if you can get the dividends that you want after the round is finished.
At the end of the day, you will be the one who will decide where to put your tokens, in staking or farming?

I would put it in staking. Just did some calculations, based on the current values. Buying 1000 BFG tokens would cost 33$. Made some assumptions: all staking values would remain the same and I calculated with 2 possible crypto prices (one low and one high). Based on this, it would take 10 months (in a bull market) before you would break even.
Any thoughts on this?

With only 1,000 BFG tokens you will only get a few dollars in each coin after 1 year. There's not much you can do with a few dollars in BTT or TRX. Consolidating all your coins into a single currency would be a real pain in the ass because you would lose a lot in withdrawal fees from exchanges.

The APR from staking might go down and the price of BFG could go up making farming a potentially better option. It is not easily predictable which option will give you better returns. For me it is more about the tradeoffs than the amount of time it would take to recover the initial investment. Personally, I've traded my BFG for BSW and put it in the auto-compound launchpool on Biswap, which still has over 400% APY and the price has also been pumping recently.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: cryptoperkele on August 17, 2021, 06:41:59 AM

Quote from: babygun on August 17, 2021, 04:46:41 AM

I would put it in staking. Just did some calculations, based on the current values. Buying 1000 BFG tokens would cost 33$. Made some assumptions: all staking values would remain the same and I calculated with 2 possible crypto prices (one low and one high). Based on this, it would take 10 months (in a bull market) before you would break even.
Any thoughts on this?
-

I wouldn't count on this. You would have to count in that crypto prices go up and money inflow to the site might go down. Not to mention the inflation on the tokens. Long time roi is very hard to predict in betfury.

great that babygun made a rough estimate but i do agree with cryptoperkele, the prices of those payout coins vary also from day to day basis. aside from the fact that your earnings also change on a daily basis because of the number of stakers. but with those calculations, you have at least idea how long you gonna possibly get back your investments given possible market conditions. if you are already a staker, you can tabulate also your actual payouts, and see what you derive from those figures...that's gonna be a headache though.

dwyane36

legendary

Activity: 2996

Merit: 2229

Quote from: Yogee on August 16, 2021, 01:00:59 AM

Quote from: janggernaut on August 16, 2021, 12:30:06 AM

...
With 5 billion total supply and just 2 exchanges for now (pancake & hotbit) it seems BFG will be difficult to increase more.

24 hours trade volume is less than $70,000...

You're forgetting the first exchange called BiSwap which is also assumed by many people as affiliated to Betfury. The volume could be around $100,000 if you add the trades there but I cannot find any app that tracks transactions unfortunately. I tried on poocoin and dextools but nada.

The BFG trading volume on pancake and hotbit was ~$260k a couple of days ago, but it doesn't matter because it's still low. However, we might be able to see BFG daily volume on all exchanges soon, considering that biswap has finally been added to coinmarketcap. You can check it here, although trading volumes on this dex aren't tracking yet.

cryptoperkele

member

Activity: 889

Merit: 60

Quote from: babygun on August 17, 2021, 04:46:41 AM

I would put it in staking. Just did some calculations, based on the current values. Buying 1000 BFG tokens would cost 33$. Made some assumptions: all staking values would remain the same and I calculated with 2 possible crypto prices (one low and one high). Based on this, it would take 10 months (in a bull market) before you would break even.
Any thoughts on this?

I wouldn't count on this. You would have to count in that crypto prices go up and money inflow to the site might go down. Not to mention the inflation on the tokens. Long time roi is very hard to predict in betfury.

babygun

sr. member

Activity: 2170

Merit: 254

Quote from: TimeTeller on August 16, 2021, 03:42:30 PM

Are you going to put the 1k BFG tokens to farming or staking?
Because for staking, you can get the approximate payouts from their site, you just need to calculate at 1k tokens.
But for farming, this one is quite difficult as the APR changes from time to time, so you can't get good estimates here.
Also their farming has only certain number of blocks to be finished. So you don't know if you can get the dividends that you want after the round is finished.
At the end of the day, you will be the one who will decide where to put your tokens, in staking or farming?

I would put it in staking. Just did some calculations, based on the current values. Buying 1000 BFG tokens would cost 33$. Made some assumptions: all staking values would remain the same and I calculated with 2 possible crypto prices (one low and one high). Based on this, it would take 10 months (in a bull market) before you would break even.
Any thoughts on this?

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: Yogee on August 16, 2021, 01:00:59 AM

Quote from: janggernaut on August 16, 2021, 12:30:06 AM

...
With 5 billion total supply and just 2 exchanges for now (pancake & hotbit) it seems BFG will be difficult to increase more.

24 hours trade volume is less than $70,000...

You're forgetting the first exchange called BiSwap which is also assumed by many people as affiliated to Betfury. The volume could be around $100,000 if you add the trades there but I cannot find any app that tracks transactions unfortunately. I tried on poocoin and dextools but nada.

That is still not even close to what it should be, a place that has about 100k volume is not a big number, which we are just guessing right now, we know of 70k and then there is some more, however unless that's at least 500k (which we know it is not) then it is not big enough at all. There is a lack of interest towards it, but even the volume is not the problem, because you could have a token that everyone buys and then farms and not sells so there will be lack of some purchasing and volume could be down, all that volume could be people trying to buy as much as they can, and it would still work in a small way.

However this is not that neither, it is mainly people trying to get out, and the price still sucks, so it is obvious that volume or not, there are not that many people who want to own this, I understand that many may want to, but many do not want to at all.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: babygun on August 16, 2021, 08:24:52 AM

Quote from: BitcoinHunt3r on August 16, 2021, 06:31:49 AM

After all, Betfury currently opens several staking/farming methods and we know this way brings investors to hold their tokens to double BFG
Trading activity is certainly lower for that reason besides doubling the BFG investors are also waiting for a bigger exchange so they hope to get 2 benefits at once

I guess we just need to be a little bit more patient and than hopefully, the tokens will be listed on some bigger exchanges (e.g. Binance).

Has anybody already done some calculations what the ROI would be if you would buy right now 1000 BFG tokens? The price seems quite low and it would be interesting to know, after how many months of receiving dividends, the initial investment would be earned back.

Are you going to put the 1k BFG tokens to farming or staking?
Because for staking, you can get the approximate payouts from their site, you just need to calculate at 1k tokens.
But for farming, this one is quite difficult as the APR changes from time to time, so you can't get good estimates here.
Also their farming has only certain number of blocks to be finished. So you don't know if you can get the dividends that you want after the round is finished.
At the end of the day, you will be the one who will decide where to put your tokens, in staking or farming?

babygun

sr. member

Activity: 2170

Merit: 254

Quote from: BitcoinHunt3r on August 16, 2021, 06:31:49 AM

After all, Betfury currently opens several staking/farming methods and we know this way brings investors to hold their tokens to double BFG
Trading activity is certainly lower for that reason besides doubling the BFG investors are also waiting for a bigger exchange so they hope to get 2 benefits at once

I guess we just need to be a little bit more patient and than hopefully, the tokens will be listed on some bigger exchanges (e.g. Binance).

Has anybody already done some calculations what the ROI would be if you would buy right now 1000 BFG tokens? The price seems quite low and it would be interesting to know, after how many months of receiving dividends, the initial investment would be earned back.

BitcoinHunt3r

legendary

Activity: 2954

Merit: 1155

Leading Crypto Sports Betting & Casino Platform

Quote from: Yogee on August 16, 2021, 01:00:59 AM

Quote from: janggernaut on August 16, 2021, 12:30:06 AM

...
With 5 billion total supply and just 2 exchanges for now (pancake & hotbit) it seems BFG will be difficult to increase more.

24 hours trade volume is less than $70,000...

You're forgetting the first exchange called BiSwap which is also assumed by many people as affiliated to Betfury. The volume could be around $100,000 if you add the trades there but I cannot find any app that tracks transactions unfortunately. I tried on poocoin and dextools but nada.

After all, Betfury currently opens several staking/farming methods and we know this way brings investors to hold their tokens to double BFG
Trading activity is certainly lower for that reason besides doubling the BFG investors are also waiting for a bigger exchange so they hope to get 2 benefits at once

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: janggernaut on August 16, 2021, 12:30:06 AM

...
With 5 billion total supply and just 2 exchanges for now (pancake & hotbit) it seems BFG will be difficult to increase more.

24 hours trade volume is less than $70,000...

You're forgetting the first exchange called BiSwap which is also assumed by many people as affiliated to Betfury. The volume could be around $100,000 if you add the trades there but I cannot find any app that tracks transactions unfortunately. I tried on poocoin and dextools but nada.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 290. (Read 85012 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 290. (Read 85012 times)