Why the Casino Industry Is Crypto’s Biggest Growth Market for 2021?
Betting and online casinos are cryptocurrencies’ number one use case right now. There are countless successful brands accepting billions of dollars of wagers in Bitcoin and other alts.
"Power to the players
The reason is quite simple: gambling is an area where cryptocurrencies are often more convenient than traditional currencies. For players, deposits and withdrawals are faster and more secure. And these users enjoy greater autonomy, anonymity, and discretion as they play with crypto. "
I agree with the author of the article. It is really more convenient and faster to use cryptocurrency (though not any). And I think there will really be a rapid growth in the gaming industry in crypto. And devs need to further develop their project. Including developing and promoting your BFG token.
Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 377. (Read 84874 times)
February 11, 2021, 05:07:06 AM
February 11, 2021, 02:43:56 AM
Dumping will always happen no matter what. Its not going to be a problem because there will still be demand for this token in the long run since it's for keeps. It gives the bounty hunters the chance whether to dump or keep. The project is however very thin when it comes to the community as its on TRON where the community is just not strong. We'll just see the result when the BGFs are in the market already.
Yes if they decide to use it as their main currency on their platform but if they will still adopt bitcoins,eth and other cryptocurrency maybe this will be a different scenario since maybe traders will just dump and trade it, remember this is how trading works. But if they have solid plan to give a good benefits or returns to the holders maybe people will think twice to dump it and make the value grow.
February 11, 2021, 01:58:19 AM
....
It’s bs first support told me they will add him under me then I messaged them this morning n now new guy says they have to re register again smh..I got 1200+ referrals on crypto-games n was gonna bring a lot of ppl over but since support lied to me that’s a negative 😂lol glad I didn’t invite a lot of people n just tested with couple ppl
You don't have to take that negatively. Betfury can also add but they probably thought it's easier to not do anything since their developers are busy adding new games and features. They will probably just delete the old account.It’s bs first support told me they will add him under me then I messaged them this morning n now new guy says they have to re register again smh..I got 1200+ referrals on crypto-games n was gonna bring a lot of ppl over but since support lied to me that’s a negative 😂lol glad I didn’t invite a lot of people n just tested with couple ppl
February 11, 2021, 01:48:32 AM
Well things are working fine in their withdrawal, I just made a withdrawal hours ago and got it in my wallet, I thought it will come 5 to 10 hours but it landed 3 hours even though I choose the slow option, we have nothing to worry about, there's no issue on withdrawal all are processed.
I also don't have any problems with withdrawing funds from Betfury, but I remember some guy posted here that he tried to withdraw more than 90 ETH, and his transactions were pending for a few days or so.So it's not at all surprising that devs put small commissions on withdrawals and transactions are greatly delayed. But this guy wrote after, did he receive his Ethereum, or did the transaction fail? Judging by the fact that he complained for a very long time. Most likely he got them because he didn't write them here.
In general, you probably need to pass to the Tron. Everything there is more humane and not so long.
February 11, 2021, 01:12:27 AM
Dumping will always happen no matter what. Its not going to be a problem because there will still be demand for this token in the long run since it's for keeps. It gives the bounty hunters the chance whether to dump or keep. The project is however very thin when it comes to the community as its on TRON where the community is just not strong. We'll just see the result when the BGFs are in the market already.
February 10, 2021, 02:29:42 PM
At the moment, it takes 0.00008099BTC wagered to mine a BFG (BTC). Regardless of multiplier used, the Dice house edge is 2% so the expected loss per token is 0.00008099 * 0.02 = 0.00000162BTC, or roughly 7.6 cents based on current exchange rate. However, wagering does have other perks too - you get wagering competition progress, levels and cashback, all of which would reduce the net cost to mine a token if we're mining at a sizable scale.
There's also lots of people who mined early on when it was cheaper that probably wouldn't mind selling at a lower price compared to the current cost of mining. I'd guess that maybe tokens would sell for about half the cost to mine one.
There's also lots of people who mined early on when it was cheaper that probably wouldn't mind selling at a lower price compared to the current cost of mining. I'd guess that maybe tokens would sell for about half the cost to mine one.
I totally forgot the early birds so that dumping makes sense now. I wonder if they want to get rid of everything as the btc keeps rising and auctioning tokens seems to be painfully slow process if you have a lot of them...
And thanks for the math!
Do you happened to know how to calculate how much income staking 1 BFG (BTC or TRX) token gives daily? At least roughly.
cryptoperkele managed to calculate an average cost of a token of 7-8 cents.
cryptoperkele managed to calculate an average cost of a token of 7-8 cents.
Darkstar calculated that. I was just asking about it.
February 10, 2021, 11:21:11 AM
has the coin being listed on any exchange?
February 10, 2021, 11:18:41 AM
Idk why but my referral isn’t getting linked to me even tho I texted my friend the the link, support said I have to wait because something about the referral isn’t working..kinda sucks because I have a few more friends that I wanna join the site but if I don’t get my ref by tomorrow I’ll send to another site lol
If they are serious bettor, be sure they sign up and confirmed as your referral, the referral is one of the highest in the industry, and besides they won't regret joining here, it's not yet late, Betfury is still one of the best gambling sites to promote, you can be earning recurring and passive income coming from your referrals.
It’s bs first support told me they will add him under me then I messaged them this morning n now new guy says they have to re register again smh..I got 1200+ referrals on crypto-games n was gonna bring a lot of ppl over but since support lied to me that’s a negative 😂lol glad I didn’t invite a lot of people n just tested with couple ppl
February 10, 2021, 10:12:08 AM
As cryptoperkele has mentioned, the amount of dividends you get every day is still the same, but you need to calculate it in USD value.
Do you happened to know how to calculate how much income staking 1 BFG (BTC or TRX) token gives daily? At least roughly.
cryptoperkele managed to calculate an average cost of a token of 7-8 cents.
We all know how Berfury likes to have different promotions, bonuses and etc. I was wondering if they are planning to have something connected with St.Valentines day.
Chances are very high that Betfury will organise something for Valentine, they did it last year and probably thus also for this year!
What did they organise last year? I've check news section and according to it last year they introduced BFG tokens in January, and then march presented bot assistant.
February 10, 2021, 04:31:40 AM
Idk why but my referral isn’t getting linked to me even tho I texted my friend the the link, support said I have to wait because something about the referral isn’t working..kinda sucks because I have a few more friends that I wanna join the site but if I don’t get my ref by tomorrow I’ll send to another site lol
If they are serious bettor, be sure they sign up and confirmed as your referral, the referral is one of the highest in the industry, and besides they won't regret joining here, it's not yet late, Betfury is still one of the best gambling sites to promote, you can be earning recurring and passive income coming from your referrals.
February 10, 2021, 02:53:11 AM
So how could be determine the value?
- One indicator could be mining costs with settings like "95% change to win". (Has someone done the math on this?)
At the moment, it takes 0.00008099BTC wagered to mine a BFG (BTC). Regardless of multiplier used, the Dice house edge is 2% so the expected loss per token is 0.00008099 * 0.02 = 0.00000162BTC, or roughly 7.6 cents based on current exchange rate. However, wagering does have other perks too - you get wagering competition progress, levels and cashback, all of which would reduce the net cost to mine a token if we're mining at a sizable scale.
There's also lots of people who mined early on when it was cheaper that probably wouldn't mind selling at a lower price compared to the current cost of mining. I'd guess that maybe tokens would sell for about half the cost to mine one.
I have my theory about that. You either gamble to make profit, slow and steady, giving yourself a time to think about next bets... or you gamble to wager! And when you gamble to wager more, you need to count on losses along the way! Anyway, it's important to have while you doing any of that!
It will be the same as with other casinos and their tokens! I think it will be much lower than the mining price, but it's just my opinion! We will see! I mined many tokens in the beginning, at least BFG TRX, and now I am mining with BTC more!
February 10, 2021, 02:06:29 AM
Idk why but my referral isn’t getting linked to me even tho I texted my friend the the link, support said I have to wait because something about the referral isn’t working..kinda sucks because I have a few more friends that I wanna join the site but if I don’t get my ref by tomorrow I’ll send to another site lol
February 09, 2021, 01:34:07 PM
So how could be determine the value?
- One indicator could be mining costs with settings like "95% change to win". (Has someone done the math on this?)
At the moment, it takes 0.00008099BTC wagered to mine a BFG (BTC). Regardless of multiplier used, the Dice house edge is 2% so the expected loss per token is 0.00008099 * 0.02 = 0.00000162BTC, or roughly 7.6 cents based on current exchange rate. However, wagering does have other perks too - you get wagering competition progress, levels and cashback, all of which would reduce the net cost to mine a token if we're mining at a sizable scale.
There's also lots of people who mined early on when it was cheaper that probably wouldn't mind selling at a lower price compared to the current cost of mining. I'd guess that maybe tokens would sell for about half the cost to mine one.
February 09, 2021, 12:36:58 PM
We all know how Berfury likes to have different promotions, bonuses and etc. I was wondering if they are planning to have something connected with St.Valentines day.
Chances are very high that Betfury will organise something for Valentine, they did it last year and probably thus also for this year!
A lot of BFG tokens burned, but that does not increase stacking reward (actually stacking reward the amount had decreased), but only increased mining prices. Why then they burned tokens? They made its value greater, but lowered reward. I thought it would be more balanced after burning.
As cryptoperkele has mentioned, the amount of dividends you get every day is still the same, but you need to calculate it in USD value.
February 09, 2021, 11:55:55 AM
I think that if tokens continue to be burned it is beneficial for holders, it does not matter that they are listed in an Exchange, I think that they should continue to burn more and more, the more they are limited the better because the supply decreases and the demand will increase, it is law.
There are 3 ways that tokens are burned (auction, gambling with bfg and losing, and team is also burning a big chunk). And because they haven't even hinted that they would stop that in the future, i don't think that this is a concern.
February 09, 2021, 09:25:09 AM
A lot of BFG tokens burned, but that does not increase stacking reward (actually stacking reward the amount had decreased), but only increased mining prices. Why then they burned tokens? They made its value greater, but lowered reward. I thought it would be more balanced after burning.
Reward amount has only decreased in altcoin pairs. If you count it in dollars, dividends have stayed more or less the same, And have you considered the fact that there way more tokens are being mined them burned? So the total amount isn't decreasing, it's still increasing. Growth it just slower because of the burning.
I think that if tokens continue to be burned it is beneficial for holders, it does not matter that they are listed in an Exchange, I think that they should continue to burn more and more, the more they are limited the better because the supply decreases and the demand will increase, it is law.
February 09, 2021, 08:51:53 AM
A lot of BFG tokens burned, but that does not increase stacking reward (actually stacking reward the amount had decreased), but only increased mining prices. Why then they burned tokens? They made its value greater, but lowered reward. I thought it would be more balanced after burning.
Reward amount has only decreased in altcoin pairs. If you count it in dollars, dividends have stayed more or less the same, And have you considered the fact that there way more tokens are being mined them burned? So the total amount isn't decreasing, it's still increasing. Growth it just slower because of the burning.
February 09, 2021, 07:29:24 AM
We all know how Berfury likes to have different promotions, bonuses and etc. I was wondering if they are planning to have something connected with St.Valentines day.
A lot of BFG tokens burned, but that does not increase stacking reward (actually stacking reward the amount had decreased), but only increased mining prices. Why then they burned tokens? They made its value greater, but lowered reward. I thought it would be more balanced after burning.
A lot of BFG tokens burned, but that does not increase stacking reward (actually stacking reward the amount had decreased), but only increased mining prices. Why then they burned tokens? They made its value greater, but lowered reward. I thought it would be more balanced after burning.
February 09, 2021, 02:07:28 AM
How much do you think these tokens will be worth when they are fused to one and are listed in exchange?
If we take auction burnings as an indicator:
At the current average rate it would first seem that they are selling tokens around $0.06, but as their average doesn't seperate BFG(btc) and BFG(trx), so this is useless indicator if we want to calculate BFG(btc). Everyone knows that BFG(btc) will be more during the swap and they have been worth more in auction too.
So how could be determine the value?
- One indicator could be mining costs with settings like "95% change to win". (Has someone done the math on this?)
- Other indicator would obviously be dividends, and i am not sure about this but it seems that cash inflow of gambling has been roughly stayed same in dollars while dropped in btc. (Dropping in BTC value is probably one of the reasons people are dumping as they see BTC rising more then dividends they would get in here
- Then there's the Trust factor. And by that i mean, that worth of these tokens raise, as the betfury site matures. As more time will pass by and more people start to trust the site.
My wild guess is that more people are willing pay at least what they would make in a year in dollars worth by holding, then there are people willing to sell what they are making in a year by holding the tokens.
With burnings involved, i would go as far as one coin being worth at least 2 years of dividends that it pays and that's currently roughly $0.07, or is my maths completely messed up in here?
Please gimme your estimation on the token price and how you arrived to that conclusion.[/list]
February 08, 2021, 03:27:54 PM
Well things are working fine in their withdrawal, I just made a withdrawal hours ago and got it in my wallet, I thought it will come 5 to 10 hours but it landed 3 hours even though I choose the slow option, we have nothing to worry about, there's no issue on withdrawal all are processed.
I also don't have any problems with withdrawing funds from Betfury, but I remember some guy posted here that he tried to withdraw more than 90 ETH, and his transactions were pending for a few days or so.90 Eth is no small money, so it will really ring a bell from the casino's end.
With this amount, I will understand if the site will do manual checking of the account and maybe ask some verification from the player.
But with the acquisition of their license, it shows that betfury is serious with their business here.
Because even if the site didn't have the license, they were already getting players on board but they still acquire gambling license.
I guess, their staking feature is one of the attractions here and it is working.
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