🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 33.

Fivestar4everMVP

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Leading Crypto Sports Betting & Casino Platform

Quote from: FanEagle on May 03, 2024, 02:44:24 PM

It is quite interesting to realize that we are watching something that we did not expected, which is BFG getting some attention and in the casino world, the casino tokens usually do not have any interest at all, and no volume at all, so BFG is at least trying. I am not saying that it is a great investment, if you do not want to invest into it then I totally understand it because it is not really that great feeling to invest into the only successful one, because you fear that what happened to all other casino tokens could happen to this one, and I get it.

But looking at the LP and the volume, we can say that it is not really that bad, many people assume it is not that great but the reality is that it is as good as it gets right now.

It is important you understand the time that we are in, and this is that we are in a possible bull season, and in seasons like this, even the most deadliest of all tokens still makes some moves as long as the token or coin is listed and traded somewhere.

And you are actually wrong to say that in the casino world, casino tokens don't have any interest or volume, this is an unresearched statement and totally wrong, and on this note, I will like to ask you if you have taken a look at RLB (Rollbit token), this token have been doing well for as long as I can remember, made it to over $600 million in market cap and almost entered the top 100 on coinmarketcap ranking, if we compare BFG to RLB, which I know you know that both are casino tokens, you did realize that BFG hasn't gone any where in terms of growth.

FanEagle

legendary

Activity: 2884

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It is quite interesting to realize that we are watching something that we did not expected, which is BFG getting some attention and in the casino world, the casino tokens usually do not have any interest at all, and no volume at all, so BFG is at least trying. I am not saying that it is a great investment, if you do not want to invest into it then I totally understand it because it is not really that great feeling to invest into the only successful one, because you fear that what happened to all other casino tokens could happen to this one, and I get it.

But looking at the LP and the volume, we can say that it is not really that bad, many people assume it is not that great but the reality is that it is as good as it gets right now.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: dwyane36 on May 03, 2024, 07:03:07 AM

Quote from: sunsilk on May 03, 2024, 06:44:21 AM

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.

Sites like CMC and Coingecko usually display volumes and market caps, not total liquidity for any token. What you wrote about liquidity is true, and Biswap actually has liquidity of $125k, but it's only for V3. However, if you select the pools V2 tab on the Biswap site, you will also see the BFG/USDT pair with liquidity of $1,3 million.

Oh right, I didn't look at the V2 because I thought that the most updated one is V3. And after taking a look at it, I don't see that $1.3M for its USDT-BFG on the pair or maybe I am looking at the wrong one.

Is the one that you're saying with 18.48% APR? and 0.13X multiplier? Because on the V3 that you and I've mentioned got 55.70% APR.

dwyane36

legendary

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Quote from: sunsilk on May 03, 2024, 06:44:21 AM

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.

Sites like CMC and Coingecko usually display volumes and market caps, not total liquidity for any token. What you wrote about liquidity is true, and Biswap actually has liquidity of $125k, but it's only for V3. However, if you select the pools V2 tab on the Biswap site, you will also see the BFG/USDT pair with liquidity of $1,3 million.

sunsilk

hero member

Activity: 3038

Merit: 634

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

legendary

Activity: 2996

Merit: 2229

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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Bitcoin makes the world go 🔃

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

legendary

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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

legendary

Activity: 2996

Merit: 2229

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

legendary

Activity: 3332

Merit: 1191

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

member

Activity: 994

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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

legendary

Activity: 2758

Merit: 1228

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

sr. member

Activity: 1022

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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

legendary

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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

legendary

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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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Leading Crypto Sports Betting & Casino Platform

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

legendary

Activity: 2996

Merit: 2229

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.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 33. (Read 85171 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 33. (Read 85171 times)