Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 35. (Read 82214 times)

Completely agreed about this all with I was personally having good amount of this token as I was also under this hype this could be going good but suddenly all gone in vain, and now we have nothing positive from the team which is wired because they need to do some development even their casino is doing ok but still having few good exchanges can also bring something positive with their casino needs to bring few good things which bring them back into market because currently they are going down badly which is surely concern for them and their community hopefully we will have something in coming days which will create good hype again and things will be good for the investors and all other stakeholders.

BFG was once a hype token and this casino was very popular in this forum but due to some bad decisions they have gone backwards and their token is almost dying. They didn't take care of their token and didn't list their token in any good exchange due to which their token price fell and now no one is interested to trade this token and the volume of the token decreased. And along with the token, the casino site is also giving up, so honestly I doubt how long Betfurry will survive in the gambling market.

I think the Betfury team is fine with the fact that there is almost no demand for BFG tokens. At least its platform still exists and seems to be developing slowly.
The problem is that if the Betfury team wanted to achieve increased demand, they would have to somehow interest a new audience, i.e. create hype around the project. Let's be honest, neither the Betfury team nor its community knows what exactly Betfury needs to do to become a hype project.

For long time BFG token discussion never ends since the dev didn't listen to the sentiment of people that's why it doesn't get any decent volume and no new people willing to hold their token since they know that devs ignoring their people asking some good developments on their token created. And as long as they are giving BFG token as you said as reward then expect people to dump it once they receive it, so they must think other way if they are serious also if they want people to be serious accumulating their tokens.

No demand is the result of their negligence for not taking care or satisfying those people thinking about acquiring their tokens and they can feel the result now since BFG doesn't get any hype since its like traders is avoiding their token and we don't see any people talk about this as one of the good option to have. Also I think whatever comments said by people even if this is good for them I think they won't listen since maybe they can't support the growth of their token anymore.

Everything you say, dear colleagues on the forum, is fair, but taking into account one small nuance. 
This nuance lies in the fact that the behavior of traders and small investors in various cryptocurrencies is to a very large extent determined by psychology and the laws of psychology.  As soon as the devs responsible for the tokenomics of the token come up with some kind of ctiliary use of this token, the entire stability of its exchange rate can immediately be disrupted.  But you and I don’t know yet, it’s quite possible they’ll come up with something interesting.  And the fact that movement has begun in this direction is suggested to us, among other things, by recent events with tokenomics. 
And add the overall positive mood of the market. 
And it turns out that everything is not so bad.

But in theory that is the same for a lot of coins. Until I am mistaken, I thought arojbd 10 people hold 90% of all bitcoins, so if one those big whales would start selling than the BTC prize would also massively be impacted.

It doesn’t have any trading volume either so this kind of holding is not helpful because they earn new BFG tokens added on circulating supply. This holding is really good if the reward they are getting is not BFG token itself that will not flood the supply.

Having no new demand while the supply is growing with same people holding will just make the value of the token decrease in long term. This is same principle with fiat losing its value to inflation. Supply is growing because of the increasing supply without any new liquidity entering in the market.

In the case of BFG, a stable exchange rate says nothing and doesn't indicate any prospects. The BFG price is not particularly volatile because almost all the circulating BFG supply is staked on the Betfury site. In other words, BFG holders don't want to sell BFG tokens and prefer to hold them for interest. This is not bad until some whale with a huge amount of BFG tokens decides to sell them.

You are right the high staking reward system is not a very good news for BFG as people will trust staking only when they see the token's price increase regularly and it has a good position in the market. But if we look at BFG we see that there is no chance of its price going up and no one is interested in trading it now. According to data from coinmarketcap, BFG's 24-hour volume is only $11.5k, which is about 47% less than yesterday. Betfurry casino site is still somewhat popular but BFG token is in a bad situation. whether it will be good in future is not to be said

Well, sorry but I might have to partially agree with your last statement in your first paragraph, stability of the price of a coin or token doesnt always mean that such coin or token is a good prospect to consider for investment, for some coins or tokens, stability in price could be as a result of lack in investors and traders interest in that coin or token, and I personally believe this to be the situation for BFG, sorry if I am sounding rather too pessimistic or a fudster, I don't intend to fud, i am just stating what I think as I believe we all are entitled to our different opinions.

If we are talking about a coin with strong fundamentals, utility and tokenomics with a very active, transparent and vibrant team, if such coin or token is stable in price for a long time, that can indeed make such coin or token a good prospect - investment wise.

But for a speculative token like BFG, stability in price just tells us that investors do not find it interesting to buy (for that moment), And same also, traders are also no trading the token.

Not a financial advice.

Market condition is improving day by day but compared to that BFG price is not increasing. At the same time its trading volume is also down so to keep their token alive in the market they are adopting this marketing strategy to get investors interested in the high APR staking specialty. It has been on for a long time but no positive effects have been seen yet so I doubt how much it will work. If the team doesn't invest in this token themselves, it won't see much improvement

well, from what I've been able to understand since 2016 that I've been in this cryptocurrency market and that many people have started to focus more on stable investments, I know that in this cryptocurrency market talking about stable investment is something exaggerated, but when I talk about stable investments I'm referring to the fact that people are more focused on investing in bitcoin, which is more reliable and stable in terms of not seeing an owner saying something bad and the price falling a lot, in bitcoin there is no such risk. People also focused on investing in stable projects that are good projects with teams that dream very big, such as listing the currency on large exchanges

imagine big whales that have a lot of money, having to go to dark exchanges to buy a casino token or even if it wasn't a dark exchange but a good exchange, it still wouldn't be an exchange at the level of Binance where you can do day trade, when you have a token that has been around for years and is not evolving in terms of listing on major exchanges, then the tendency of many investors is to move away from that token and buy another one that is much better and that will be listed quickly on major exchanges. . One thing that certain token creators refuse to understand: this cryptocurrency market is a very large market, there are many tokens and altcoins. So these are not investors who will be begging token owners for improvements and listings on major exchanges

When investors see that nothing is changing in a token, they simply abandon the token and buy another that will give them a profit, because the market is open to anyone. If a token owner does not want his token to be on all exchanges to have greater exposure, then that token owner should keep his token and people should look for other, better tokens. and in this cryptocurrency market, news and promises have great power. An investor buys a token with the hope that the day this token is listed on a major exchange he will sell it for a higher price. so I don't see anything in this BFG token that will cause the price to increase a lot, in the bitcoin bull market, irrelevant altcoins fall a lot in price because people sell to buy bitcoin

I don't think this latest news has much impact on the current BFG price right now.  Moreover, somewhere between December 14-16, 2023, there was also a small short-term rise in the token rate to the area of ​​$0.018-0.019.  Nevertheless, the trend is probably still more inclined towards an increase in its exchange rate than towards a decrease.  But, all the same, I think that from about mid-March, immediately before the Bitcoin halving, bullish trends in the exchange rate will begin on a slightly larger scale.  On the other hand, a stable exchange rate over the past half a year is also a normal sign of the stability of a token, which clearly tells us about its solvency and good prospects. 

But this is all my vision of the tokenomics processes and in no case is a recommendation to the owners or buyers of tokens.

As much as I agree with you, I still will or can not consider the ability, or the BFG team making more BFG staking option available to holders, as something to be considered as a great development, and I did also try to see the effect which this announcement had on the price of BFG, and I did noticed that the price of BFG moved from 1.5 cents to 1.7 cents, which I am not even sure was catalyzed by this news, or it was just as a result of the general market sentiment which has seen some altcoin doing some green percentages after bitcoin rose to over $40,000 and then fell back to around $39k+, and right now, bitcoin has crossed $40k again.

BFG have been dominant for a very long time, if they team want to position BFG to be one the best performers in the coming bull run, then this will require them to be on their toes and come up and out with a ground breaking development, this is the only way we could see BFG do alot of Xs from here, in this coming bull run, opening more staking opportunities wont do that if you ask me.

It seems that the casino developers accepted what users constantly repeated in their reviews here in this topic and in general when discussing new initiatives for the further development of the casino.  This news about new opportunities for token owners will definitely benefit the token itself and, in general, the very development of the business of this casino.  I want to note that the devs quite successfully seized the moment and announced their initiative right now, in January, that is, 3-4 months before the Bitcoin halving and after the approval of spot Bitcoin ETFs by US regulators.  
The timing is well chosen because there will be a revival in the Bitcoin and cryptocurrency market itself and this will have a good effect on the BFG tokenomics itself

They initially offered staking at a very high APR when there was a lot of hype about BFG and the Betfurry platform became very popular.  But the BFG has been pretty down for a while.  However, BFG's current high staking APR decision seems very good.  So the BFG can generate some hype again.  BFG is very worried about their platform but not about their token.  This strategy is also for their casino site development

I can only speak for myself and that i was in here for the token, i totally shilled the betfury because of it and i am ashamed of it.

And i didn't get it for nothing. They literally advertised that we can get it by "mining" it (spending the money for it in the casino). Admins themselves made a big deal about the value of it, and never forget that they distributed the tokens first to themselves to take advantage of ridiculous price at the start.

Holding USTD doesn't advertise itself by giving profits by holding it and none of us did free candy here, we got a promise of being rewarded for creating volume in the casino, which we did. But the main reason we are complaining, is BFG could have been so much more if the devs listened to any of us and figure out any working game theory for the tokenomics. They had time to do it, but i guess misleading investors by promising dividends and growth was less work.

First of all, why would it give you any profitability? I suppose you have got these tokens for nothing, for gambling on a platform. Why do you think everything that you get in crypto would give you profitability. USDT is an altcoin also. Holding it does not give you anything. When you get a free candy at the store, it should be tasty, and you wont complain to store owner that you dont like the taste of that candy. It is opposite if you have bought BFG on purpose, however its value is still higher than all-time low.

Secondly, you are on BetFury because of gambling, or because of their token? You, this reminds me of people who go to steak houses, order sushi rolls and later make reviews that "rolls here isnt tasty".

That's not bad news. It seems that Betfury users now have a choice to either stake BFG tokens in the old way and get passive additional income or stake them in a new way, which is more risky but, at the same time, more profitable. The only thing is the requirement to wager the staked BFG tokens 7 times seems a bit much for this kind of staking.

Great news for BFG holders
Betfury have added new tokens for earning!

BFG Token
APRs: Up to 130%🔥
Type: Boosted Fixed-Term

Lido Staked ETH (stETH)
APRs: Up to 60%
Type: All available types

Rocket Pool ETH (rETH)
APRs: Up to 60%
Type: All available types

https://betfury.tv/new-crypto-staking

Announcement: https://t.me/betfuryofficialchannel/5168