🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 32.

sunsilk

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Quote from: dwyane36 on May 03, 2024, 06:10:51 AM

I wouldn't say the BFG token is completely illiquid. As I mentioned earlier, there is enough liquidity concentrated on the BFG/USDT pair on Biswap. There is $1,3 million liquidity there at the moment, and I think this is more than enough to ensure that buys/sells of BFG tokens worth several tens of thousands of dollars don't provoke sharp price fluctuations.

Where did you see this $1.3M liquidity for USDT/BFG on Biswap? Data that are provided by the websites that we typically look at like cmc and coingecko don't show this much.

Looking at how much it also indicates on biswap's farm or liquidity pool for USDT/BFG for its total liquidity is around $58,704. And upon viewing the analytics of its total liquidity is around $125k.

dwyane36

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Quote from: Wapfika on May 02, 2024, 09:41:49 AM

The most surprising thing that happened despite the volume increase a lot was the price didn’t move any significant percentage neither up or down which means someone just keep buying and selling with minimal price change that resulted to this volume which is now slowly going down.

Normally the price should move in huge percentage considering how illiquid this token while the trading volume is huge. It’s look like a wash trading but of course there’s proof for this. It’s just uncomprehending to se the volume suddenly increased while the price didn’t move much.

I wouldn't say the BFG token is completely illiquid. As I mentioned earlier, there is enough liquidity concentrated on the BFG/USDT pair on Biswap. There is $1,3 million liquidity there at the moment, and I think this is more than enough to ensure that buys/sells of BFG tokens worth several tens of thousands of dollars don't provoke sharp price fluctuations.

SATWAT

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Quote from: Wapfika on May 02, 2024, 09:41:49 AM

Quote from: dwyane36 on May 02, 2024, 08:06:11 AM

If you look at the data on the CMC site, the trading volume of the BFG token has actually increased in the last 24 hours and now stands at $80k. However, this isn't a thing to pay attention to as this has happened before from time to time, and the trading volume of the BFG token didn't stay above this value for a long time. I think the volumes are likely to drop below $10k again soon.

The most surprising thing that happened despite the volume increase a lot was the price didn’t move any significant percentage neither up or down which means someone just keep buying and selling with minimal price change that resulted to this volume which is now slowly going down.

Normally the price should move in huge percentage considering how illiquid this token while the trading volume is huge. It’s look like a wash trading but of course there’s proof for this. It’s just uncomprehending to se the volume suddenly increased while the price didn’t move much.

No doubt this is really problem for the community as we are having increase in trading volume but sadly at the end we are having no movement in price which is showing its not good deal and here I have to be agreed with @dwyane36 he is absolutely right about this increase and decrease of volume its common without any positive impact on this project.
Usually we have some increase if we have increase in trading volume but here nothing is going normal which is another negative point against this project or may be team related peoples doing something even nothing is sure or official about this all with right now its wired things happening around this.

Wapfika

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Quote from: dwyane36 on May 02, 2024, 08:06:11 AM

If you look at the data on the CMC site, the trading volume of the BFG token has actually increased in the last 24 hours and now stands at $80k. However, this isn't a thing to pay attention to as this has happened before from time to time, and the trading volume of the BFG token didn't stay above this value for a long time. I think the volumes are likely to drop below $10k again soon.

The most surprising thing that happened despite the volume increase a lot was the price didn’t move any significant percentage neither up or down which means someone just keep buying and selling with minimal price change that resulted to this volume which is now slowly going down.

Normally the price should move in huge percentage considering how illiquid this token while the trading volume is huge. It’s look like a wash trading but of course there’s proof for this. It’s just uncomprehending to se the volume suddenly increased while the price didn’t move much.

BetFury.io

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ultrloa

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Quote from: dwyane36 on May 02, 2024, 08:06:11 AM

Quote from: SATWAT on May 01, 2024, 01:10:17 PM

Here I completely agreed with this all because this token is having no movement, but I was checking few things related to crypto which is also useful for the all in last few days we are having 33% increase in trading volume which is good sign for the investors but still we are having no positive hopes for having good change in price which is more important this all is happening just because we are having not strong use case of this token which is required for having changes in price. Even it's not suggestion of trade advice, but I have personal feeling investing in this token is having worth with we will be no regret about this because most chances we will have no big decline but still we can expect some increase in price.

If you look at the data on the CMC site, the trading volume of the BFG token has actually increased in the last 24 hours and now stands at $80k. However, this isn't a thing to pay attention to as this has happened before from time to time, and the trading volume of the BFG token didn't stay above this value for a long time. I think the volumes are likely to drop below $10k again soon.

It usually happen and it next couple of days the volume decrease again. This means that everything is unsustainable that's one of the reason why there's a lot of investors including those past holders are still doubting about what they could able to bring to them. For longest time there's no big movements which can somehow convince people to trust their token. Also they are not doing any impressive actions that can help BFG to pump so I for sure that the price and volume of this coin will remain like this unless if they do some action and make people happy for those updates they release. But for now I guess people will still doesn't have confidence on this token since a lot of people know always want to see something exciting what a team could able to offer to them.

dwyane36

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Quote from: SATWAT on May 01, 2024, 01:10:17 PM

Here I completely agreed with this all because this token is having no movement, but I was checking few things related to crypto which is also useful for the all in last few days we are having 33% increase in trading volume which is good sign for the investors but still we are having no positive hopes for having good change in price which is more important this all is happening just because we are having not strong use case of this token which is required for having changes in price. Even it's not suggestion of trade advice, but I have personal feeling investing in this token is having worth with we will be no regret about this because most chances we will have no big decline but still we can expect some increase in price.

If you look at the data on the CMC site, the trading volume of the BFG token has actually increased in the last 24 hours and now stands at $80k. However, this isn't a thing to pay attention to as this has happened before from time to time, and the trading volume of the BFG token didn't stay above this value for a long time. I think the volumes are likely to drop below $10k again soon.

iv4n

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Quote from: dwyane36 on May 01, 2024, 04:23:14 AM

It's worth noting that there are upsides to holding BFG tokens. For example, now BTC has failed support at $60k and has already fallen to $57k. Well, the expected result is that this triggered a dump of many altcoins, but now look at the price of the BFG token. It hasn't changed much because of this. Obviously, this is because there isn't enough supply/demand for BFG tokens on the market, but for BFG holders, it can even be called a positive moment, given the current market situation.

What is positive is actually the stability of the BFG token, BFG has been holding this price for years now... a cent up or down. In the meantime, the market has had many ups and downs, but BFG holds its place without major fluctuations. So if we can make any conclusion is that BFG will stay where it is, maybe with some special action from the team we can see some uptrend (in what I doubt honestly), or in case of some massive dump from users the price can sink (and I doubt in something like that). There is a high supply, but demand comes only from players on the site and players mostly stake it or gamble with it...

SATWAT

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Quote from: dwyane36 on May 01, 2024, 04:23:14 AM

Quote from: avp2306 on April 30, 2024, 07:39:52 AM

I didn't see someone complaining about the ranking of BFG on CMC so I guess that is just a less concern of people since what they want to see if the price of this token to rise. A lot of investors didn't see this happening also some of them are tired to hold this for long time and they did not saw any good chance that they can able to sell at much favorable rate. Burn method is just done just to make people think that even by now they are doing something but for sure a lot of people already know that it can't change anything that's why there's no hype created every time they announce that there would be another round of token burning will happen.

People losing faith that there's something to happen on their token so maybe they should take an action with this before people will totally lost their trust on BFG token.

It's worth noting that there are upsides to holding BFG tokens. For example, now BTC has failed support at $60k and has already fallen to $57k. Well, the expected result is that this triggered a dump of many altcoins, but now look at the price of the BFG token. It hasn't changed much because of this. Obviously, this is because there isn't enough supply/demand for BFG tokens on the market, but for BFG holders, it can even be called a positive moment, given the current market situation.

Here I completely agreed with this all because this token is having no movement, but I was checking few things related to crypto which is also useful for the all in last few days we are having 33% increase in trading volume which is good sign for the investors but still we are having no positive hopes for having good change in price which is more important this all is happening just because we are having not strong use case of this token which is required for having changes in price. Even it's not suggestion of trade advice, but I have personal feeling investing in this token is having worth with we will be no regret about this because most chances we will have no big decline but still we can expect some increase in price.

ultrloa

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Quote from: dwyane36 on May 01, 2024, 04:23:14 AM

It's worth noting that there are upsides to holding BFG tokens. For example, now BTC has failed support at $60k and has already fallen to $57k. Well, the expected result is that this triggered a dump of many altcoins, but now look at the price of the BFG token. It hasn't changed much because of this. Obviously, this is because there isn't enough supply/demand for BFG tokens on the market, but for BFG holders, it can even be called a positive moment, given the current market situation.

Maybe it didn't move its because this is the already the deepest price we already see from BFG that's why when bitcoin price dump it didn't move. The same when the price of bitcoin goes up the price of BFG didn't also move.

Also since there's no big changes happen and the devs is not spending any thing just to create something big like allowing what people like to happen then I guess the price of BFG will go the same since there might be no demand will come since a lot of people don't see any progress happening and maybe they find it a waste of money if they put some amount on BFG and hold it. BFG devs should do something to change the mindset of people towards their token since its important for investor to see some good changes happening on their project so people would able to trust and have confident to accumulate BFG.

dwyane36

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Quote from: avp2306 on April 30, 2024, 07:39:52 AM

I didn't see someone complaining about the ranking of BFG on CMC so I guess that is just a less concern of people since what they want to see if the price of this token to rise. A lot of investors didn't see this happening also some of them are tired to hold this for long time and they did not saw any good chance that they can able to sell at much favorable rate. Burn method is just done just to make people think that even by now they are doing something but for sure a lot of people already know that it can't change anything that's why there's no hype created every time they announce that there would be another round of token burning will happen.

People losing faith that there's something to happen on their token so maybe they should take an action with this before people will totally lost their trust on BFG token.

It's worth noting that there are upsides to holding BFG tokens. For example, now BTC has failed support at $60k and has already fallen to $57k. Well, the expected result is that this triggered a dump of many altcoins, but now look at the price of the BFG token. It hasn't changed much because of this. Obviously, this is because there isn't enough supply/demand for BFG tokens on the market, but for BFG holders, it can even be called a positive moment, given the current market situation.

avp2306

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Quote from: dwyane36 on April 30, 2024, 06:40:06 AM

Quote from: o48o on April 25, 2024, 07:17:01 AM

I am not sure how majority of the public sees that, but that's not the metric i am using to determine anything.

In fact it's often quite the opposite, as i see way more potential for small marketcap tokens, as they have so much room to rise in price. But when token has gone down there and stayed for a long time, there's usually a good reason for that. And for older tokens like BFG i would do research determining why they are down, and what are the changes to go back up. And usually it's because tokenomics are bad, token is pointless, competition is better or team is incompetent.

Last one applies with BFG. Instead of fixing their tokenomics by themselves by changing to buyback and burn method, they are putting the blame on users and saying "help us with the tokenomics", so that users would just lock their tokens.

The rank of the BFG token on the CMC site isn't the kind of information that users should pay attention to, and I have already described the reasons why. As for their tokenomics and change, I personally don't remember the Betfury team actively doing buyback on the market at all. And as said earlier, their current burn method is just a marketing ploy and nothing more. It is unlikely that the Betfury team plans to improve anything in this regard.

I didn't see someone complaining about the ranking of BFG on CMC so I guess that is just a less concern of people since what they want to see if the price of this token to rise. A lot of investors didn't see this happening also some of them are tired to hold this for long time and they did not saw any good chance that they can able to sell at much favorable rate. Burn method is just done just to make people think that even by now they are doing something but for sure a lot of people already know that it can't change anything that's why there's no hype created every time they announce that there would be another round of token burning will happen.

People losing faith that there's something to happen on their token so maybe they should take an action with this before people will totally lost their trust on BFG token.

dwyane36

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Quote from: o48o on April 25, 2024, 07:17:01 AM

I am not sure how majority of the public sees that, but that's not the metric i am using to determine anything.

In fact it's often quite the opposite, as i see way more potential for small marketcap tokens, as they have so much room to rise in price. But when token has gone down there and stayed for a long time, there's usually a good reason for that. And for older tokens like BFG i would do research determining why they are down, and what are the changes to go back up. And usually it's because tokenomics are bad, token is pointless, competition is better or team is incompetent.

Last one applies with BFG. Instead of fixing their tokenomics by themselves by changing to buyback and burn method, they are putting the blame on users and saying "help us with the tokenomics", so that users would just lock their tokens.

The rank of the BFG token on the CMC site isn't the kind of information that users should pay attention to, and I have already described the reasons why. As for their tokenomics and change, I personally don't remember the Betfury team actively doing buyback on the market at all. And as said earlier, their current burn method is just a marketing ploy and nothing more. It is unlikely that the Betfury team plans to improve anything in this regard.

ultrloa

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Quote from: o48o on April 25, 2024, 07:17:01 AM

Quote from: coinerer on April 24, 2024, 10:40:00 PM

BFG is at position number 4460 in coin marketcap. no matter how many strategies the Betfurry team uses, it is doubtful that they will be able to bring their token to a good position in the market. Because when investors see a bad state of a token, they leave it and new investors stop investing in them. This causes the token to dump more quickly. BFG is also in the same situation so to be honest investing here now has a high chance of loss

I am not sure how majority of the public sees that, but that's not the metric i am using to determine anything.

In fact it's often quite the opposite, as i see way more potential for small marketcap tokens, as they have so much room to rise in price. But when token has gone down there and stayed for a long time, there's usually a good reason for that. And for older tokens like BFG i would do research determining why they are down, and what are the changes to go back up. And usually it's because tokenomics are bad, token is pointless, competition is better or team is incompetent.

Last one applies with BFG. Instead of fixing their tokenomics by themselves by changing to buyback and burn method, they are putting the blame on users and saying "help us with the tokenomics", so that users would just lock their tokens.

Not judging on what rank they are but rather how active the owner of the token since somehow this could determine that there's still a chance for the token to rise. Although its quiet unknown to see on when this incident to happen since so for no other big changes has been done. Although there are some action has been made but so far a lot of people didn't take it seriously that's why BFG moves so slow and didn't get some good movement which is been waited for long time by a lot of people. I don't know if they have a lot of plans in mind to help their tokens but I guess the only thing we could do is to wait on what updates they are posting in this thread because it looks like they are not listening to suggestions and they only do those methods that they want to implement.

o48o

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Quote from: coinerer on April 24, 2024, 10:40:00 PM

BFG is at position number 4460 in coin marketcap. no matter how many strategies the Betfurry team uses, it is doubtful that they will be able to bring their token to a good position in the market. Because when investors see a bad state of a token, they leave it and new investors stop investing in them. This causes the token to dump more quickly. BFG is also in the same situation so to be honest investing here now has a high chance of loss

I am not sure how majority of the public sees that, but that's not the metric i am using to determine anything.

In fact it's often quite the opposite, as i see way more potential for small marketcap tokens, as they have so much room to rise in price. But when token has gone down there and stayed for a long time, there's usually a good reason for that. And for older tokens like BFG i would do research determining why they are down, and what are the changes to go back up. And usually it's because tokenomics are bad, token is pointless, competition is better or team is incompetent.

Last one applies with BFG. Instead of fixing their tokenomics by themselves by changing to buyback and burn method, they are putting the blame on users and saying "help us with the tokenomics", so that users would just lock their tokens.

dwyane36

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Quote from: coinerer on April 24, 2024, 10:40:00 PM

BFG is at position number 4460 in coin marketcap. no matter how many strategies the Betfurry team uses, it is doubtful that they will be able to bring their token to a good position in the market. Because when investors see a bad state of a token, they leave it and new investors stop investing in them. This causes the token to dump more quickly. BFG is also in the same situation so to be honest investing here now has a high chance of loss

The BFG token is ranked 4,4k+ on the CMC list because its market cap data provided by the Betfury team hasn't been verified by the CMC team yet. This is the reason why the BFG token is at the bottom of the CMC list, i.e. it isn't ranked like other projects. The BFG token would be at about the 574th spot if the market cap data were verified.
By the way, such sites as Coingecko and Cryptorank also have no information about the BFG token's current market cap.

UserU

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Quote from: coinerer on April 24, 2024, 10:40:00 PM

BFG is at position number 4460 in coin marketcap. no matter how many strategies the Betfurry team uses, it is doubtful that they will be able to bring their token to a good position in the market. Because when investors see a bad state of a token, they leave it and new investors stop investing in them. This causes the token to dump more quickly. BFG is also in the same situation so to be honest investing here now has a high chance of loss

Come to think of it, we hardly see casino-derived tokens actually see good use cases outside gambling if any

coinerer

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Quote from: Z_MBFM on April 24, 2024, 12:52:32 PM

Quote from: avp2306 on April 23, 2024, 06:15:13 PM

Quote from: coinerer on April 23, 2024, 07:28:09 AM

Quote from: dwyane36 on April 23, 2024, 03:07:58 AM

Quote from: SATWAT on April 19, 2024, 05:22:25 PM

Here I agreed with this point BFG token price is no dropping, but we are having no movement which is problem and team doing things which are surely not helpful, and we are here for long time without anything positive this is really hurting because team is not taking anything serious which are talked here for many times.
Their casino is good with many promotions and other related things which are helping them, and they can increase their profit and also can-do better things with this token but as mentioned many times they are not interested to develop this project which is really frustrating.

I would say they are still interested in developing the Betfury platform itself, and they seem to be doing well. However, the development of the BFG token has clearly become a secondary goal for them. One of the last things that could theoretically have a positive effect on the BFG token is the introduction of stBFG, under which the team has to lock up their tokens for three years.

Although BFG token is a utility token, there is no demand for it in the market. A good advantage of this token is that BFG tokens can be used for gambling on their platform. and their gambling platform is quite popular till now and there are many gamblers on their platform. so considering these, the falling price of their token and reduced trading volume is a negative sign for BFG. so there is concern about the future of this token

Its good utility already that gamblers could able to choose this token to gamble on their casino. But its like there's no large interest for people to grab this since their volume is not quiet appealing for people who want to use it since maybe they get afraid that once they choose BFG they could not able to sell it since the volume will drop more also for sure people concern about where it listed since there are some accumulators don't trust those exchange where it listed so maybe this is the effect on why we see that BFG is not moving much.

Marketing it and return back the interest of people is quiet challenging for BFG and for sure they struggle to find good plans without spending a lot of resources to promote then try to catch the interest of people on their token created.

Why is BFG Token's trading volume decreasing day by day despite its attractive high quality staking facility? On the other hand, this token is used for casino games because of its utility token. However, since its price and trading volume are decreasing day by day, how logical is it to plan for the future? anyone can buy this to gamble became it will reduce the risk of big losses and also it will help us to make small bet if we use Betfurry. but it can't be a good plan to investment for make profit

BFG is at position number 4460 in coin marketcap. no matter how many strategies the Betfurry team uses, it is doubtful that they will be able to bring their token to a good position in the market. Because when investors see a bad state of a token, they leave it and new investors stop investing in them. This causes the token to dump more quickly. BFG is also in the same situation so to be honest investing here now has a high chance of loss

FanEagle

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Quote from: dwyane36 on April 24, 2024, 01:18:24 AM

Quote from: avp2306 on April 23, 2024, 06:15:13 PM

Its good utility already that gamblers could able to choose this token to gamble on their casino. But its like there's no large interest for people to grab this since their volume is not quiet appealing for people who want to use it since maybe they get afraid that once they choose BFG they could not able to sell it since the volume will drop more also for sure people concern about where it listed since there are some accumulators don't trust those exchange where it listed so maybe this is the effect on why we see that BFG is not moving much.

The BFG token is mostly traded on DEXs. The main trading volumes are on Biswap, and I don't remember that this DEX has had any problems in terms of trust from users. By the way, the liquidity on the BFG/USDT pair on this exchange is $1,2 million at the moment. So, the average betfury user should not have any problems if he decides to buy/sell BFG tokens.

The high liquidity is a very very strong indicator that this isn't some unwanted token that nobody cares about. There is a market for it and it means that we are going to end up with a good trading pair if we want to be interested in this token. One thing we need to be worried about is that if some big whale wants to ruin it, then they could, one million dollars is nothing and they do not even need that, some 200-300k would be enough, and there are plenty of people in the crypto world with that kind of cash to burn just to make more money.

However, the good thing is that there isn't shorting option as far as I know, so nobody has a reason to drop the price, which means that we are going to end up being decent for the long term.

Z_MBFM

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Quote from: avp2306 on April 23, 2024, 06:15:13 PM

Quote from: coinerer on April 23, 2024, 07:28:09 AM

Quote from: dwyane36 on April 23, 2024, 03:07:58 AM

Quote from: SATWAT on April 19, 2024, 05:22:25 PM

Here I agreed with this point BFG token price is no dropping, but we are having no movement which is problem and team doing things which are surely not helpful, and we are here for long time without anything positive this is really hurting because team is not taking anything serious which are talked here for many times.
Their casino is good with many promotions and other related things which are helping them, and they can increase their profit and also can-do better things with this token but as mentioned many times they are not interested to develop this project which is really frustrating.

I would say they are still interested in developing the Betfury platform itself, and they seem to be doing well. However, the development of the BFG token has clearly become a secondary goal for them. One of the last things that could theoretically have a positive effect on the BFG token is the introduction of stBFG, under which the team has to lock up their tokens for three years.

Although BFG token is a utility token, there is no demand for it in the market. A good advantage of this token is that BFG tokens can be used for gambling on their platform. and their gambling platform is quite popular till now and there are many gamblers on their platform. so considering these, the falling price of their token and reduced trading volume is a negative sign for BFG. so there is concern about the future of this token

Its good utility already that gamblers could able to choose this token to gamble on their casino. But its like there's no large interest for people to grab this since their volume is not quiet appealing for people who want to use it since maybe they get afraid that once they choose BFG they could not able to sell it since the volume will drop more also for sure people concern about where it listed since there are some accumulators don't trust those exchange where it listed so maybe this is the effect on why we see that BFG is not moving much.

Marketing it and return back the interest of people is quiet challenging for BFG and for sure they struggle to find good plans without spending a lot of resources to promote then try to catch the interest of people on their token created.

Why is BFG Token's trading volume decreasing day by day despite its attractive high quality staking facility? On the other hand, this token is used for casino games because of its utility token. However, since its price and trading volume are decreasing day by day, how logical is it to plan for the future? anyone can buy this to gamble became it will reduce the risk of big losses and also it will help us to make small bet if we use Betfurry. but it can't be a good plan to investment for make profit

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 32. (Read 84887 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 32. (Read 84887 times)