The numbers are very attractive to see, but that percentage will not last long.
And once people get in, the APR can easily go down and you won't get the same APR.
So it is up to you if you will join or not, and avail the staking or their farming feature.
Evaluate if it is worth keeping your tokens in this kind of passive income.
This will be worthwhile if the token keeps on rising its value.
That is what I tried to say, it is not really that profitable, even on the first moments, you make money for maybe 10 minutes and it is very very low for just 10 minutes anyway, even though you make 100k% per year, that would be 2% for 10 minutes, think about how little that is in the crypto world, crypto currencies change 2% in an hour, so it is not really that big of a deal to make that much and this wasn't even close to that neither. What people should do is look at the long term. With these type of farming profits, we are investing into something that will give us some returns plus it has its own price.And once people get in, the APR can easily go down and you won't get the same APR.
So it is up to you if you will join or not, and avail the staking or their farming feature.
Evaluate if it is worth keeping your tokens in this kind of passive income.
This will be worthwhile if the token keeps on rising its value.
So we need to decide is the return worth the investment, and will the price go up. If we are going to get 100% a year on return, but 50% drop in price that means we make nothing, those type of things are very important when you make these kind of investments.
The advantage with betfury, is for right now they are in continuous innovation with their services.
So there's hope that their price will continue to improve thru time. That's what people are holding onto.
With the passive income offering, you are relying that the platform will do their best to find ways how to increase their value in the market.
Because we have seen a lot of staking/farming platforms, offering high APR but people forgot to check the decline of their value, so the high APR is useless.
As long as betfury can attract gamblers and make them active bettors, there's hope that their price will further increase.
Should keep up with their promotions and other bonus programs to sustain the interest of these players.
Currently I have been keeping my BFG tokens in Hodl mode, generating passive income, but I have studied all the possibilities that exist for the token, based on the promises they have made to position the token in the top 100, and having the other option of exchange for BSW, even the other trading through the Exchange, do you think that for now it is best to continue in Hodl mode? The price of BTC is in a bullish trend in the short term, the safest thing is that in the long term BTC will rise, if this happens it is likely to see the token take on much more value.
