🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 40.

dwyane36

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Quote from: Unsoldier on August 15, 2024, 01:18:38 PM

However, I still hope the casino will eventually give BFG holders a gift by raising the price of the coin a little.

The best gift for the holders is the systematic development of the project. If the project develops in the right direction, it should eventually attract a new audience and increase demand for the token. It's worth noting that the Betfury team has already made the right step in terms of project development, and it triggered a small pump this year. But it is obviously not enough, and the BFG holders would like to gain more.

Unsoldier

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Quote from: dwyane36 on August 15, 2024, 12:26:33 PM

Quote from: TopTort777 on August 15, 2024, 11:42:14 AM

When biswap were introduced based on how many BFG you had, you were given some free BSW tokens. Exchange rate was not 1:1, but it was sort of a 0-100 BFG, you get 1 BSW, 101-500 BFG you got 10 BSW and etc. And if I am not mistaken, there were once also some kind of new token distribution to BFG holders. So passive income is not the only benefit that BFG gives. But that still does not make BFG as pretty damn good investment Grin

Yeah, but that was a one-time giveaway, and it was 3 years ago. Of course, there have been other giveaways for BFG holders over the years, but in that post, I referred to the benefit that BFG holders get on an ongoing basis. By the way, the ratio in that BSW airdrop was as follows:
1-10 BFG - 0.5 BSW
10-100 BFG - 1 BSW
100-1000 BFG - 5 BSW
1000+ BFG - 10 BSW

Guys, thanks for reminding me about the BSW airdrop. I wasn't aware of it and was confused about where those tokens came from in my balance. Now I understand. If I remember correctly, Betfury has never done anything like this before. However, I still hope the casino will eventually give BFG holders a gift by raising the price of the coin a little.

dwyane36

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Quote from: TopTort777 on August 15, 2024, 11:42:14 AM

When biswap were introduced based on how many BFG you had, you were given some free BSW tokens. Exchange rate was not 1:1, but it was sort of a 0-100 BFG, you get 1 BSW, 101-500 BFG you got 10 BSW and etc. And if I am not mistaken, there were once also some kind of new token distribution to BFG holders. So passive income is not the only benefit that BFG gives. But that still does not make BFG as pretty damn good investment Grin

Yeah, but that was a one-time giveaway, and it was 3 years ago. Of course, there have been other giveaways for BFG holders over the years, but in that post, I referred to the benefit that BFG holders get on an ongoing basis. By the way, the ratio in that BSW airdrop was as follows:
1-10 BFG - 0.5 BSW
10-100 BFG - 1 BSW
100-1000 BFG - 5 BSW
1000+ BFG - 10 BSW

Fivestar4everMVP

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Quote from: TopTort777 on August 15, 2024, 11:42:14 AM

Quote from: dwyane36 on August 14, 2024, 01:59:47 PM

In my opinion, the only benefit many users can get from the BFG token is the daily reward for staking. In a way, it's a kind of passive income. However, aiming for some profit by trying to trade BFG tokens on exchanges can be just a waste of time as there is no strong volatility.

When biswap were introduced based on how many BFG you had, you were given some free BSW tokens. Exchange rate was not 1:1, but it was sort of a 0-100 BFG, you get 1 BSW, 101-500 BFG you got 10 BSW and etc. And if I am not mistaken, there were once also some kind of new token distribution to BFG holders. So passive income is not the only benefit that BFG gives. But that still does not make BFG as pretty damn good investment Grin

I was reading your comment and was actually waiting for you to say that which you said in the last part of your comment 🤣, like you already know what was on my mind.

Well, the truth of the matter is that, BFG actually have or had the potential to really do well as an investment, but the team steering the wheel of the asset really don't care, I believe their priority have always been with the casino alone, and like I've mentioned before and will always say, BFG was created to act as a means or medium for them to raise funds to built the casino, and with this motive or dream already actualized or achieved, the team feel there is no longer any benefit for them to invest money in BFG, this is one of the reasons why the token is not listed on any centralized exchange even until now, as big as betfury.

TopTort777

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Quote from: dwyane36 on August 14, 2024, 01:59:47 PM

In my opinion, the only benefit many users can get from the BFG token is the daily reward for staking. In a way, it's a kind of passive income. However, aiming for some profit by trying to trade BFG tokens on exchanges can be just a waste of time as there is no strong volatility.

When biswap were introduced based on how many BFG you had, you were given some free BSW tokens. Exchange rate was not 1:1, but it was sort of a 0-100 BFG, you get 1 BSW, 101-500 BFG you got 10 BSW and etc. And if I am not mistaken, there were once also some kind of new token distribution to BFG holders. So passive income is not the only benefit that BFG gives. But that still does not make BFG as pretty damn good investment Grin

Wiwo

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Quote from: Eternad on August 10, 2024, 09:51:05 AM

Quote from: dwyane36 on August 10, 2024, 08:20:08 AM

Quote from: shield132 on August 09, 2024, 10:14:04 AM

…

If you spend $1k to buy BFG tokens and then decide to sell them, you will get approximately the same amount. You shouldn't confuse trading volume with liquidity. Low trading volumes only indicate that neither sellers nor buyers are active at the moment. But at the same time, there is still enough liquidity on BFG pairs, i.e. you can sell BFG tokens worth $1k or even $5k without worrying about huge price slippage.

In theory this is correct but since there’s always transaction fee available every trade and the slippage, you can’t buy and sell your token at the same price and get same total investment.

You will need to sell your token at higher price if you want to get a breakeven investment. The liquidity on DEX is terrible that usually results to higher slippage, same with CEX that has high price spread on tokens like BFG that has thin liquidity on orderbook.

The challenge that comes with investing in some of this casino tokens is the fact that fees consume alot of the amount in the total holdings and this is the major set back in those investments,

Dex most especially have a terrible fees structure that make casino tokens investment to be almost worthless because at the end you have to ditch out all the interest made back as fees to either liquidate your holdings.

dwyane36

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Quote from: Z_MBFM on August 14, 2024, 12:46:59 PM

It sounds like you are spending a lot of money and time on BFG which means you are quite an expert on BFG. How much benefit do you get from using BFG? And how much profit you get from it. Although I think you gamble only for fun but when you trade BFG you should definitely aim to profit. I used the BFG for a while when it first hit the market but haven't used it in a long time. Because its value in the market decreased a lot, on the other hand I gave up gambling on this platform.

In my opinion, the only benefit many users can get from the BFG token is the daily reward for staking. In a way, it's a kind of passive income. However, aiming for some profit by trying to trade BFG tokens on exchanges can be just a waste of time as there is no strong volatility.

Z_MBFM

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Quote from: iv4n on August 13, 2024, 04:08:53 PM

Quote from: dwyane36 on August 13, 2024, 01:56:03 PM

In the case of BFG, we can only talk about liquidity on DEXs as this token is not listed on any centralized exchange. However, it's worth noting that BFG swap on Biswap, as well as on Pancakeswap is still convenient because it shows the difference between the market price and estimated price due to the size of the transaction.

I was active on Biswap years ago, I even had their tokens on staking. But now I exchange (buy/sell) BFG tokens right on the site, since they have swap it makes things a lot easier. And I don't even bother to check the prices in other places, is there any difference at all?

I gamble with my BFG's... In the past months, I had $1000 in BFG tokens (my max), and now I am on $20 again... just a few days ago I was on over $400. Mostly slots are guilty for that, some times those dead spins and bonuses & bonus buys simply ruin me with payouts under x10.

It sounds like you are spending a lot of money and time on BFG which means you are quite an expert on BFG. How much benefit do you get from using BFG? And how much profit you get from it. Although I think you gamble only for fun but when you trade BFG you should definitely aim to profit. I used the BFG for a while when it first hit the market but haven't used it in a long time. Because its value in the market decreased a lot, on the other hand I gave up gambling on this platform.

iv4n

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Activity: 3346

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Quote from: Fivestar4everMVP on August 13, 2024, 08:16:37 PM

And by the way, I am curios to know why you prefer to gamble using the BFG token, are there any special bonuses that come from betfury when BFG token is used as primary currency for settling bets on the casino?

I mostly play with Bitcoins, which earns me BFG's, so sometimes I simply use them for playing since I have them. I don't think there are any special bonuses, I always take my rakeback & cashback in BFG, and I get them from the wheel as well.

Quote from: Fivestar4everMVP on August 13, 2024, 08:16:37 PM

Aside one being addicted to slot games, I see no reason to return back to the game after majorly losing all your funds, and only to lose more again after returning, but still act like nothing happened, shows the gambler is enjoying the game and possibly sees the loses as a payment for the pleasure he or she derives from the game play, and if this be the case, then really to complain about.

I always return to slots, I love playing them and I have had a lot of big wins, but the reality is that those big wins don't come often. I have written many times that slots should only be played with money that we can afford to lose because the chance of losing everything is high. So we either enjoy playing them and spending money on them, and we don't regret even when we lose. But if someones play slots to make profit and thinks only about that profit will probably end up very disappointed.

avp2306

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Activity: 1022

Merit: 363

Quote from: Fivestar4everMVP on August 13, 2024, 08:16:37 PM

Quote from: iv4n on August 13, 2024, 04:08:53 PM

I was active on Biswap years ago, I even had their tokens on staking. But now I exchange (buy/sell) BFG tokens right on the site, since they have swap it makes things a lot easier. And I don't even bother to check the prices in other places, is there any difference at all?

I gamble with my BFG's... In the past months, I had $1000 in BFG tokens (my max), and now I am on $20 again... just a few days ago I was on over $400. Mostly slots are guilty for that, some times those dead spins and bonuses & bonus buys simply ruin me with payouts under x10.

Slots games are majorly one of the ways to kill money in gambling, some would say "burn", but I prefer to use the word "kill".
But I guess it doesn't really matter much as long as you had or have an enjoyable experience.

Aside one being addicted to slot games, I see no reason to return back to the game after majorly losing all your funds, and only to lose more again after returning, but still act like nothing happened, shows the gambler is enjoying the game and possibly sees the loses as a payment for the pleasure he or she derives from the game play, and if this be the case, then really to complain about.

And by the way, I am curios to know why you prefer to gamble using the BFG token, are there any special bonuses that come from betfury when BFG token is used as primary currency for settling bets on the casino?

Obviously this game is fast way to drain the gamblers money especially if the person play that game is greedy to place huge bets aiming to win big without realizing the consequences of the action they have done.

Maybe the promotions held by the casino also what they usually see online catch up their interest to gamble again since somehow the discussion after the game is really add up the fun especially that you are playing together with your friends around.

I also guess this one answer your last question.

Quote

Tokens significantly impact casino players' experiences by offering more than just winnings. For example, players get extra bonuses in BFG tokens on BetFury. These tokens provide additional benefits, such as rewards for playing games and competing in Battles.

Source is also here https://casinosblockchain.io/tokens-interview-with-betfury/

Fivestar4everMVP

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Leading Crypto Sports Betting & Casino Platform

Quote from: iv4n on August 13, 2024, 04:08:53 PM

Quote from: dwyane36 on August 13, 2024, 01:56:03 PM

In the case of BFG, we can only talk about liquidity on DEXs as this token is not listed on any centralized exchange. However, it's worth noting that BFG swap on Biswap, as well as on Pancakeswap is still convenient because it shows the difference between the market price and estimated price due to the size of the transaction.

I was active on Biswap years ago, I even had their tokens on staking. But now I exchange (buy/sell) BFG tokens right on the site, since they have swap it makes things a lot easier. And I don't even bother to check the prices in other places, is there any difference at all?

I gamble with my BFG's... In the past months, I had $1000 in BFG tokens (my max), and now I am on $20 again... just a few days ago I was on over $400. Mostly slots are guilty for that, some times those dead spins and bonuses & bonus buys simply ruin me with payouts under x10.

Slots games are majorly one of the ways to kill money in gambling, some would say "burn", but I prefer to use the word "kill".
But I guess it doesn't really matter much as long as you had or have an enjoyable experience.

Aside one being addicted to slot games, I see no reason to return back to the game after majorly losing all your funds, and only to lose more again after returning, but still act like nothing happened, shows the gambler is enjoying the game and possibly sees the loses as a payment for the pleasure he or she derives from the game play, and if this be the case, then really to complain about.

And by the way, I am curios to know why you prefer to gamble using the BFG token, are there any special bonuses that come from betfury when BFG token is used as primary currency for settling bets on the casino?

iv4n

legendary

Activity: 3346

Merit: 1191

Quote from: dwyane36 on August 13, 2024, 01:56:03 PM

In the case of BFG, we can only talk about liquidity on DEXs as this token is not listed on any centralized exchange. However, it's worth noting that BFG swap on Biswap, as well as on Pancakeswap is still convenient because it shows the difference between the market price and estimated price due to the size of the transaction.

I was active on Biswap years ago, I even had their tokens on staking. But now I exchange (buy/sell) BFG tokens right on the site, since they have swap it makes things a lot easier. And I don't even bother to check the prices in other places, is there any difference at all?

I gamble with my BFG's... In the past months, I had $1000 in BFG tokens (my max), and now I am on $20 again... just a few days ago I was on over $400. Mostly slots are guilty for that, some times those dead spins and bonuses & bonus buys simply ruin me with payouts under x10.

dwyane36

legendary

Activity: 3094

Merit: 2345

Quote from: Eternad on August 10, 2024, 09:51:05 AM

In theory this is correct but since there’s always transaction fee available every trade and the slippage, you can’t buy and sell your token at the same price and get same total investment.

You will need to sell your token at higher price if you want to get a breakeven investment. The liquidity on DEX is terrible that usually results to higher slippage, same with CEX that has high price spread on tokens like BFG that has thin liquidity on orderbook.

In the case of BFG, we can only talk about liquidity on DEXs as this token is not listed on any centralized exchange. However, it's worth noting that BFG swap on Biswap, as well as on Pancakeswap is still convenient because it shows the difference between the market price and estimated price due to the size of the transaction.

shield132

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Metawin.com - Truly the best casino ever

Quote from: avp2306 on August 09, 2024, 06:10:04 PM

Quote from: shield132 on August 09, 2024, 10:14:04 AM

Quote from: TopTort777 on August 01, 2024, 06:24:35 AM

A dollar for a BFG token that cost around 2 cents today? That might happen only in dreams Cheesy

Since the think this token gives to holders is farming on BetFury page, it highly doubtful that it would cost a dollar one day Cheesy

And its a casino token, pretty similar to useless meme-coins. Ever seen such coins being expensive? I think no matter what BetFury does, their BFG wont cost so much. And it wasnt their goal after all, having an expensive token. Being in top100 is what they aim for.

There is no way BFG token will cost a dollar because their casino is unplayable Cheesy

I can't gamble on BetFury, I get blocked by Cloudflare all the time and as far as I know, many people face the similar issue.

I don't close those possibilities but if this situation will continue to occur then I would agree that its hard for BFG to reach at 1 dollar but who knows maybe they can bring some useful updates for their token and it could bring good interest for people to accumulate their token, but this scenario is somehow hard to do especially their token is in alarming situation.

First of all, their website sucks and as I have said, it's impossible for many people to gamble here because of their stupid Cloudflare settings. The next thing is that with their current APY, if the price of the token goes up, profit will be unimaginably good for absolutely everyone and I think that's the reason why the BFG token won't rise. I can't imagine that Betfury is able to pay 60% APY and grow the token's value at the same time.

Quote from: dwyane36 on August 10, 2024, 08:20:08 AM

Quote from: shield132 on August 09, 2024, 10:14:04 AM

4K is a very low trading volume. For me, this indicates that in case I invest thousands of dollars in this token and I'll have a need for it in an emergency case, I'll be forced to sell it at a lower price. This will be a loss for me and will also push the price downwards.

If you spend $1k to buy BFG tokens and then decide to sell them, you will get approximately the same amount. You shouldn't confuse trading volume with liquidity. Low trading volumes only indicate that neither sellers nor buyers are active at the moment. But at the same time, there is still enough liquidity on BFG pairs, i.e. you can sell BFG tokens worth $1k or even $5k without worrying about huge price slippage.

It's not like that, you have to check the order book. If I bought 1 BetFury token for 1 dollar and decided to sell it immediately, because of the low trading volume there is a big chance that I won't be able to sell them for 1 dollar. For example, imagine that my bid is 1 dollar for 5000 BFG Token but order book looks like, Ask - 1$ for 1000 BFG, 0.98$ for 2300 BFG, 0.96 for 500 BFG and etc...

Taskford

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Quote from: Awaklara on August 10, 2024, 09:37:34 AM

Quote from: avp2306 on August 09, 2024, 06:10:04 PM

The volume is decreasing more base on https://coinmarketcap.com/currencies/betfury/

That indicates that their marketing effort done with their token is not enough to help increase its demand. But lets still give them a huge chance since maybe in future those efforts they made might give them good result and demands would come up. But for now provably lots of people doubting to buy since maybe they afraid to be put huge money and became exit point of other old holders who's waiting for good volume to dump. This situation is really bad for their token and they really need to give a good push so that lots of people would able to notice that their token exist.

they are still struggling. the casino is still running and the marketing strategy for their token is still being carried out. the impact of increasing trading volume and value may not be visible yet, but from the events created, their current focus may be to pursue more BFG token holders. it is possible that in the future there will be new events for holders to increase prices or transactions on the exchange. some holders are definitely looking forward to BFG tokens being listed on larger exchanges.

Although right now they are really struggling but if they became consistent on the promotion they launch and also try to bring a lot of interesting activities that can convince people to buy BFG maybe in future all of the effort they spent might works for them. There casino is running good and even if they don't have much marketing done in forum there's still lots of people talk about something related to their growth and experiencing on their casino. That indicates that BFG is doing well so with that there's still something we can look forward in future. Maybe for now what holders want is to see BFG to get listed on top exchange since maybe it will add to their visibility and might people will trust those top exchange since they know they are safe compare to those current exchange where it listed.

Eternad

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Quote from: dwyane36 on August 10, 2024, 08:20:08 AM

Quote from: shield132 on August 09, 2024, 10:14:04 AM

…

If you spend $1k to buy BFG tokens and then decide to sell them, you will get approximately the same amount. You shouldn't confuse trading volume with liquidity. Low trading volumes only indicate that neither sellers nor buyers are active at the moment. But at the same time, there is still enough liquidity on BFG pairs, i.e. you can sell BFG tokens worth $1k or even $5k without worrying about huge price slippage.

In theory this is correct but since there’s always transaction fee available every trade and the slippage, you can’t buy and sell your token at the same price and get same total investment.

You will need to sell your token at higher price if you want to get a breakeven investment. The liquidity on DEX is terrible that usually results to higher slippage, same with CEX that has high price spread on tokens like BFG that has thin liquidity on orderbook.

Awaklara

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Quote from: avp2306 on August 09, 2024, 06:10:04 PM

The volume is decreasing more base on https://coinmarketcap.com/currencies/betfury/

That indicates that their marketing effort done with their token is not enough to help increase its demand. But lets still give them a huge chance since maybe in future those efforts they made might give them good result and demands would come up. But for now provably lots of people doubting to buy since maybe they afraid to be put huge money and became exit point of other old holders who's waiting for good volume to dump. This situation is really bad for their token and they really need to give a good push so that lots of people would able to notice that their token exist.

they are still struggling. the casino is still running and the marketing strategy for their token is still being carried out. the impact of increasing trading volume and value may not be visible yet, but from the events created, their current focus may be to pursue more BFG token holders. it is possible that in the future there will be new events for holders to increase prices or transactions on the exchange. some holders are definitely looking forward to BFG tokens being listed on larger exchanges.

dwyane36

legendary

Activity: 3094

Merit: 2345

Quote from: shield132 on August 09, 2024, 10:14:04 AM

4K is a very low trading volume. For me, this indicates that in case I invest thousands of dollars in this token and I'll have a need for it in an emergency case, I'll be forced to sell it at a lower price. This will be a loss for me and will also push the price downwards.

If you spend $1k to buy BFG tokens and then decide to sell them, you will get approximately the same amount. You shouldn't confuse trading volume with liquidity. Low trading volumes only indicate that neither sellers nor buyers are active at the moment. But at the same time, there is still enough liquidity on BFG pairs, i.e. you can sell BFG tokens worth $1k or even $5k without worrying about huge price slippage.

avp2306

sr. member

Activity: 1022

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Quote from: shield132 on August 09, 2024, 10:14:04 AM

Quote from: dwyane36 on August 01, 2024, 05:21:53 AM

The BFG token price became more volatile after they announced the BFG deflationary mechanism and tokenomics. Now, BFG is trading above 2 cents more often, and there was even a moment when the BFG price reached 3 cents. This is certainly a good thing, but there is also a nuance - trading volumes are still extremely low. For example, in the last 24 hours, the trading volume was only $4k.

4K is a very low trading volume. For me, this indicates that in case I invest thousands of dollars in this token and I'll have a need for it in an emergency case, I'll be forced to sell it at a lower price. This will be a loss for me and will also push the price downwards.

The volume is decreasing more base on https://coinmarketcap.com/currencies/betfury/

That indicates that their marketing effort done with their token is not enough to help increase its demand. But lets still give them a huge chance since maybe in future those efforts they made might give them good result and demands would come up. But for now provably lots of people doubting to buy since maybe they afraid to be put huge money and became exit point of other old holders who's waiting for good volume to dump. This situation is really bad for their token and they really need to give a good push so that lots of people would able to notice that their token exist.

Quote from: shield132 on August 09, 2024, 10:14:04 AM

Quote from: TopTort777 on August 01, 2024, 06:24:35 AM

A dollar for a BFG token that cost around 2 cents today? That might happen only in dreams Cheesy

Since the think this token gives to holders is farming on BetFury page, it highly doubtful that it would cost a dollar one day Cheesy

And its a casino token, pretty similar to useless meme-coins. Ever seen such coins being expensive? I think no matter what BetFury does, their BFG wont cost so much. And it wasnt their goal after all, having an expensive token. Being in top100 is what they aim for.

There is no way BFG token will cost a dollar because their casino is unplayable Cheesy

I can't gamble on BetFury, I get blocked by Cloudflare all the time and as far as I know, many people face the similar issue.

I don't close those possibilities but if this situation will continue to occur then I would agree that its hard for BFG to reach at 1 dollar but who knows maybe they can bring some useful updates for their token and it could bring good interest for people to accumulate their token, but this scenario is somehow hard to do especially their token is in alarming situation.

shield132

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Activity: 2450

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Metawin.com - Truly the best casino ever

Quote from: dwyane36 on August 01, 2024, 05:21:53 AM

Quote from: Unsoldier on July 31, 2024, 10:15:55 PM

Betfury's marketing strategy seems to be starting to yield tangible results. The value of their token is gradually growing and even exceeded $0.02 at the moment. I would like to believe that the upward dynamics of BFG will continue and we will witness a big pump of this coin. If the price reaches $0.10, I will consider selling half of my BFG tokens.

The BFG token price became more volatile after they announced the BFG deflationary mechanism and tokenomics. Now, BFG is trading above 2 cents more often, and there was even a moment when the BFG price reached 3 cents. This is certainly a good thing, but there is also a nuance - trading volumes are still extremely low. For example, in the last 24 hours, the trading volume was only $4k.

4K is a very low trading volume. For me, this indicates that in case I invest thousands of dollars in this token and I'll have a need for it in an emergency case, I'll be forced to sell it at a lower price. This will be a loss for me and will also push the price downwards.

Quote from: TopTort777 on August 01, 2024, 06:24:35 AM

A dollar for a BFG token that cost around 2 cents today? That might happen only in dreams Cheesy

Since the think this token gives to holders is farming on BetFury page, it highly doubtful that it would cost a dollar one day Cheesy

And its a casino token, pretty similar to useless meme-coins. Ever seen such coins being expensive? I think no matter what BetFury does, their BFG wont cost so much. And it wasnt their goal after all, having an expensive token. Being in top100 is what they aim for.

There is no way BFG token will cost a dollar because their casino is unplayable Cheesy

I can't gamble on BetFury, I get blocked by Cloudflare all the time and as far as I know, many people face the similar issue.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 40. (Read 89449 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 40. (Read 89449 times)