🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 313.

robelneo

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Quote from: tippytoes on August 21, 2021, 04:12:58 PM

Right now, aiming for that position is quite difficult for betfury. It is better to focus on other things and I think that's what betfury is doing. Because if the price of their token can grow organically, that would be better as compared to pumping it high but will go down hard. That's not a very sustainable approach. As long as they are attracting players and gaining more, that would be better, because in time, the value of the token will grow if it can really sustain the interest of players.

Since it was traded in the market on Biswap to be exact there was no huge pump the price grows organically
https://coinmarketcap.com/currencies/betfury/historical-data/ I wanted this way slow but sure.

Until now I don't see BFG on Coingecko and on Coinmarketcap Biswap is still not included in its exchanges, this is something that should be fixed, before listing on bigger exchanges although I consider Pancake and Hotbit a good exchange for Betfury already.

tippytoes

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Quote from: dwyane36 on August 21, 2021, 02:25:26 PM

Quote from: robelneo on August 21, 2021, 09:31:52 AM

It started as a staking coin, now that they are in the market you can hold it and sell when the price is good, besides these two, they offer a lot of features to gamblers, the online gambling industry is a multi-billion dollar industry, and they are working to get the big slice and to increase their popularity, there's still a lot of work to be done and they are still a work in progress, their goal is to hit the top 100 so expect more updates coming from the team, maybe the next update is listing in Binance.

The market cap of BFG should be about $900 mln to reach the top 100. It means that one BFG token should be worth ~52 cents considering the current circulating supply. I know Betfury is in contact with Binance, and they are also planning some strategic partnerships in the 4th quarter, but I still doubt that it will be enough to reach the top 100.

Right now, aiming for that position is quite difficult for betfury. It is better to focus on other things and I think that's what betfury is doing. Because if the price of their token can grow organically, that would be better as compared to pumping it high but will go down hard. That's not a very sustainable approach. As long as they are attracting players and gaining more, that would be better, because in time, the value of the token will grow if it can really sustain the interest of players.

RealMalatesta

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Quote from: LUCKMCFLY on August 20, 2021, 03:08:23 PM

I think that the development of the tokens in the Exchanges is taking place little by little, perhaps the objective of Betfury is not focused on exploiting the token at a speculative market level, they may want it to be moved in other ways, staking, exchange for BSW. If Betfury promised that they would be within the top 100 coins in the CMC top, it will be that way, only to wait, the BTC market is growing and this may help increase the token. We may see BFG tokens on Binance at the least expected moment.

I do not think that it will ever be in the top 100, it is really not something that is simple because we are talking about millions of dollars worth of purchase required for it and that is why I do not think that it will ever happen. However it is not required to be in the top 100, not now and not in the future neither, it doesn't have to be like that.

All it is required to do is constantly have a reason for people to buy it, and give them a good enough reason to not sell it and that is good enough, which is what they are trying to do with the farming and the dividends. There could be a locking period as well, that is a thing that others tried and failed so I can't say that it will work for sure, but I can say that it is not the main reason why others failed neither, so what they could do is basically just put a locking period where if you keep it for 1 year, you get a much bigger return.

dwyane36

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Quote from: robelneo on August 21, 2021, 09:31:52 AM

It started as a staking coin, now that they are in the market you can hold it and sell when the price is good, besides these two, they offer a lot of features to gamblers, the online gambling industry is a multi-billion dollar industry, and they are working to get the big slice and to increase their popularity, there's still a lot of work to be done and they are still a work in progress, their goal is to hit the top 100 so expect more updates coming from the team, maybe the next update is listing in Binance.

The market cap of BFG should be about $900 mln to reach the top 100. It means that one BFG token should be worth ~52 cents considering the current circulating supply. I know Betfury is in contact with Binance, and they are also planning some strategic partnerships in the 4th quarter, but I still doubt that it will be enough to reach the top 100.

BitcoinHunt3r

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Quote from: babygun on August 21, 2021, 06:40:44 AM

Quote from: BitcoinHunt3r on August 20, 2021, 06:26:14 PM

Yes for now, I really don't have high hopes, but I will definitely wait for their moment to be listed on Binance, for those who believe this is the right time to hunt for BFG tokens. I keep placing orders at low prices while hoping for a surprise like last month, flash dumb and flash pump. you should know ATH and ATL
All Time High: $0.04755
All Time Low: $0.01765

Just curious, what is the plan with the bought tokens ? Is it more: "buy low and sell high" or do you move the coins for staking and/or farming purposes?

Also just noticed that on their sportsbook, they offer some boosted odds on the match Bilbao vs Barcelona.

Temporarily take advantage of staking/farming then of course sell when the price is high this is the target of all traders we will not hear that they buy just to collect in the wallet
What is certain is that we will not sell all the tokens, there will come a time when we monitor the progress of the project/plan this can determine the final decision of investors whether to leave or stay.

robelneo

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Quote from: babygun on August 21, 2021, 06:40:44 AM

Just curious, what is the plan with the bought tokens ? Is it more: "buy low and sell high" or do you move the coins for staking and/or farming purposes?

Also just noticed that on their sportsbook, they offer some boosted odds on the match Bilbao vs Barcelona.

It started as a staking coin, now that they are in the market you can hold it and sell when the price is good, besides these two, they offer a lot of features to gamblers, the online gambling industry is a multi-billion dollar industry, and they are working to get the big slice and to increase their popularity, there's still a lot of work to be done and they are still a work in progress, their goal is to hit the top 100 so expect more updates coming from the team, maybe the next update is listing in Binance.

Jurassic39

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Quote from: BitcoinHunt3r on August 20, 2021, 06:26:14 PM

Quote from: LUCKMCFLY on August 20, 2021, 03:08:23 PM

Quote from: delfastTions on August 20, 2021, 03:28:57 AM

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

Yes for now, I really don't have high hopes, but I will definitely wait for their moment to be listed on Binance, for those who believe this is the right time to hunt for BFG tokens. I keep placing orders at low prices while hoping for a surprise like last month, flash dumb and flash pump. you should know ATH and ATL
All Time High: $0.04755
All Time Low: $0.01765

Hello guys. Just to correct your message. I was connected to Biswap the day of the release of BFG. I saw the price of 0.14$ in the evening, around 8h after the release. The next days I read on a forum, someone saw it during the first day at 0.23!

What are your price predictions?

Thank you!

iv4n

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Quote from: babygun on August 21, 2021, 06:40:44 AM

Quote from: BitcoinHunt3r on August 20, 2021, 06:26:14 PM

Yes for now, I really don't have high hopes, but I will definitely wait for their moment to be listed on Binance, for those who believe this is the right time to hunt for BFG tokens. I keep placing orders at low prices while hoping for a surprise like last month, flash dumb and flash pump. you should know ATH and ATL
All Time High: $0.04755
All Time Low: $0.01765

Just curious, what is the plan with the bought tokens ? Is it more: "buy low and sell high" or do you move the coins for staking and/or farming purposes?

Also just noticed that on their sportsbook, they offer some boosted odds on the match Bilbao vs Barcelona.

Now when you see the lowest and highest you have a range and you can have fun with trading BFG... in the meantime, you can stake them, BFG doesn't have to be locked for that, so moving BFG from staking to trading and vice versa should be easy! I am not sure about farming, but I think you need to lock BFG for some time in order to farm...
I guess this is an individual choice, people are free to do whatever they want with their money! And if combing different ways is possible, why not? More things you do more profit you can make at the end of the day!

babygun

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Top-tier crypto casino and sportsbook

Quote from: BitcoinHunt3r on August 20, 2021, 06:26:14 PM

Yes for now, I really don't have high hopes, but I will definitely wait for their moment to be listed on Binance, for those who believe this is the right time to hunt for BFG tokens. I keep placing orders at low prices while hoping for a surprise like last month, flash dumb and flash pump. you should know ATH and ATL
All Time High: $0.04755
All Time Low: $0.01765

Just curious, what is the plan with the bought tokens ? Is it more: "buy low and sell high" or do you move the coins for staking and/or farming purposes?

Also just noticed that on their sportsbook, they offer some boosted odds on the match Bilbao vs Barcelona.

Bttzed03

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https://bitcoincleanup.com/

Quote from: dwyane36 on August 20, 2021, 02:15:59 PM

~
Have you used the segwit address for your transaction? If so, such a low fee (747 sats) per transaction is typical as long as the mempool isn't overloaded.

Yes I did. Mempool has been almost empty the past couple of days/weeks that's why I asked if they can have their wallet provider review the fees every now and then.

Quote from: dwyane36 on August 20, 2021, 02:15:59 PM

However, I think betfury and other gambling sites won't bother about it.

Yeah. Betfury has been one of the most active in implementing new deposit/withdraw options though. They are certainly capable to make quick changes to the fees.

BitcoinHunt3r

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Quote from: LUCKMCFLY on August 20, 2021, 03:08:23 PM

Quote from: delfastTions on August 20, 2021, 03:28:57 AM

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.

I think that the development of the tokens in the Exchanges is taking place little by little, perhaps the objective of Betfury is not focused on exploiting the token at a speculative market level, they may want it to be moved in other ways, staking, exchange for BSW. If Betfury promised that they would be within the top 100 coins in the CMC top, it will be that way, only to wait, the BTC market is growing and this may help increase the token. We may see BFG tokens on Binance at the least expected moment.

Yes for now, I really don't have high hopes, but I will definitely wait for their moment to be listed on Binance, for those who believe this is the right time to hunt for BFG tokens. I keep placing orders at low prices while hoping for a surprise like last month, flash dumb and flash pump. you should know ATH and ATL
All Time High: $0.04755
All Time Low: $0.01765

LUCKMCFLY

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Leading Crypto Sports Betting & Casino Platform

Quote from: delfastTions on August 20, 2021, 03:28:57 AM

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.

I think that the development of the tokens in the Exchanges is taking place little by little, perhaps the objective of Betfury is not focused on exploiting the token at a speculative market level, they may want it to be moved in other ways, staking, exchange for BSW. If Betfury promised that they would be within the top 100 coins in the CMC top, it will be that way, only to wait, the BTC market is growing and this may help increase the token. We may see BFG tokens on Binance at the least expected moment.

dwyane36

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Quote from: Bttzed03 on August 20, 2021, 03:43:17 AM

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.

Have you used the segwit address for your transaction? If so, such a low fee (747 sats) per transaction is typical as long as the mempool isn't overloaded. Anyway, I agree that the 7,5k sats fee for slow withdrawal is still high. It would be great if they add the bech32 address for withdrawal as an option. However, I think betfury and other gambling sites won't bother about it.

Bttzed03

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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

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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

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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

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Top-tier crypto casino and sportsbook

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

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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

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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

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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.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 313. (Read 89711 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 313. (Read 89711 times)