Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 48. (Read 82214 times)

Casino tokens aren't good investment options, their main purpose is to give you access to some unique promotions, cashbacks and other rewards. They don't offer any innovation in crypto world including increased privacy, decentralization, etc. So, you I suggest everyone to focus on promotional benefits instead of potential capital growth from holding them because they aren't meant for that.

If demand is still high, then burning should increase the price but if demand is low, then burning of some tokens won't do a thing but will stabilize the market.

Well, you are right, it sure feels good to earn tokens for free for one's gambling activities on a casino, but honestly, with how stagnant BFG  have become in terms of price growth, I honestly do not see the fun in earning it anymore.

Lets assume that the term still gave the token the attention it deserved, by now while most of the coins and tokens are up, BFG should be up too, instead, it's down, with a trading volume of around $79 thousand dollars in the last 24 hours.

Not really encouraging, but all the same, I personally have not given up, I trust the team will do something about the value of BFG before the next bull run.

The players that have been earning through dividend will think that they should earn more BFG tokens because you've been playing there and the feeling of earning through it seems satisfying.

But as you intend to earn more with that, there's also a lot of things that needed to be considered when you do that because it's either you're one of the few that's still holding it and helps with the volume.

Anyway, your activity as you've said has dropped already and everyone's thought about holding the token is just all about it and not so good at all and not entirely about the business matter of running the casino itself.

But then, judging by the absence of any information on planning the BFG tokenomics, it becomes clear that in general the presence of such a token has a negative impact on the entire casino business. 
And it turns out that it would be better if the casino itself did not start this experiment with its utilitarian gaming token from the very beginning.  Then perhaps the devs should admit that this token initiative was a mistake and that its support will be phased out.
 This would be fair and correct in relation to the players and, on the contrary, would increase the image of the casino in the eyes of those players who are just thinking about playing in this casino.

Even though this is just 5%, we all know how with only a percent or less bounty hunters managed to drop token prices during list. Even though this is just 5%, I think few knows that, but majority see that platform distribute, what suppose to grow in value and become more precious, like a machinegun. Just knowing that fact many made skeptical decisions about investing. Yet again, this is just my vision and I am a nobody in total mass.

According to the data on the BFG token page, the Betfury team initially allocated only 5% of the total BFG emission to both bonuses and referrals. I don't know if this data is relevant at the moment, but it seems to me that distributing that amount of tokens relative to the total BFG emission shouldn't be a deciding factor for a potential investor.

You are right and that is why I like dividend casinos like Betfury. The only downside now is, that you don't get any more BFG for gambling there, so with that incentive taken away, my activity dropped (also because of work). The fun thing with earning tokens and getting a dividend, is that you are always inclined to earn more tokens to increase your dividend.

I have said about this project that they have About the Money or the BFG token , because we have always expected a lot from this project, because we are all witnesses that this casino started with great expectations, with a lot to give and with a lot that we are or were Waiting for , So for this reason, if it turns out to be Disconcerting that things Don't go the way we want in this casino, it's frustrating, no, it's very disconcerting that it's like this, so in this order of ideas it's not just me, but seeing the Comments in it Thread should be like an impulse for the Betfury team to take back the reins of this, many projectists would like to be in the Situation that Betfury is in to be able to raise this project and make a lot of money, Offering many Ways to make the token Rise , also as you say , interact with the Community or try to Create a Community again, because many have left, investors are very Delicate people , you have to try to Keep them pleased at all times so that they Continue to believe in the project.

That's why when we emphasize what can be obtained from this Project is very Great, they also have the Ann Thread in this Forum, Where the largest investors in the world are found, because everyone looks for detailed information here, what Innovations they have , what Contests offer , and How can they Face the best option to have Confidence in the project, then we must do Everything Possible so that it can generate the Greatest number of investors possible, and if there is any type of Problem here, Someone from the Forum , or with some company in particular , it is Best to solve that, because they stop making money, and people no longer trust this Type of project because it is their fault, then they do a general harm to Many who have Nothing to do with it , because they will say It was a Casino that was responsible, it didn't care and ltopkens Went down after a Tremendous Investment.

Oh, now I completely understand, and you are one hundred percent right, I myself as an investor, I wouldn't invest my hard earned money in a token or coin that most people are earning for free, I will rather join the band to earn the token or coin for free as well.

But on the other hand, we probably wouldn't want to blame the team that much, as I personally feel that this incentive is what keeps activities on the casino as high as possible, as I believe many of us know, betfury currently does not have any advertisement or marketing running, so to keep their players engaged on their casino, they reward their players with the token based on their overall activity on the casino.

In all this though, the part which I think the betfury team haven't done well is that, their lack of attention for BFG shows that they don't care about it's price in the market, and also using the token to market their casino when there is not enough trading volume to cater for the sell pressure, is also a big mistake.

If this goes on like this for too long, a time may come when BFG will become totally worthless, and those players earning it from the casino for their activities on the casino will also loss interest.

This is one negative side about getting it on the platform that's why sometimes its not really recommended to do that knowing that those receiver will immediately dump the token they receive and that is bad on BFG price and volume.

If they can find solution to this and maybe just use BFG as currency to bet not for reward maybe there's huge changes will happen. But its up to the management to decide whether if they want to find ways to attract people since if they don't listen to the sentiment of the people then maybe many of their investors will get dismay for seeing no action of their native token.

For now its on their hands on how they can bring hype unto this token since many people speculate good that there's a pump with the other alts on the market so let see if we can see some action which is what other say this to.

I meant that instead of doing serious with token, BetFury team prefer to distribute it. Like it was mentioned above, BetFury prefer to reward platform users for most of actions they made with tokens. Why would investor buy this token and hold, if he knows that platform will distribute more and more of BFG every day. With such approach, value of BFG decreases. Maybe its their strategy and on a longer distance BFG owners will get benefits, but so far I dont see how it is going to happen.

I honestly do not completely understand what you mean by "more distributive", but let me assume that what you meant is that the number of tokens coming into circulation overly or overall, is much more than the tokens that are being burnt, and that those who are in possession of this tokens are usually not ready to hold it, that is, immediately the tokens enters into their possession, they go ahead to sell it, which dragged the over all price of BFG down, and as well make the whole token burning stuff not to have any positive effect on the price of BFG.

If the above is what you meant, then you are completely right, and I agree with you. But one other thin thing I must also mention is that, most people don't hold a token that has no potential value or profit for holding it, if the team where working hard and transparent about their activities and whatever they are doing to ensure that BFG grows to become a force to reckon with in the crypto currency market, then holders will be more eager to hold the tokens as an investment for the future, but here, the team seems to be doing nothing, those who are getting the token through whatever means are sure to dump it on the market for better projects with a very promising future.

Every burning should make the price increase because the supply should be less and I also don't see how this token circulates. What I noticed is that maybe there are only a few people who invest and buy this token because the price sometimes increases when the price of bitcoin also increases and today see The increase in the price of the BFT token is enough proof that there are investors who buy it.

Regardless of whether it is the best choice or not, what I know is how people will take advantage of the moment when crypto prices enter a bull market and then see the price of BFG tokens also increase like the prices of other cryptos. while we don't yet know more about the benefits and advantages of storing these BFG tokens.

From multiple BFG token burns and lack of significant price growth, I have noticed that BFG token are more distributive, which makes them not perfect for any kind of investment. Whole platforms approach  towards this token screams that there will always be a lot of them in turnover and no one aim hold them. Increasing amount of token in circulations means their price will be always under effect of change. Imo that is not the best option investors seek in tokens.

It's the point to get them through gambling, it's like a rakeback, but a better one maybe because we get more different coins daily. I guess if we are lucky, we can really wager a lot with some small amount and get even more BFG's than we could get from simply buying them with the same amount, and thus we have fun playing. After all, it's a casino... as I have been saying forever, it's the point in gambling and BFG is just one of the perks we have from choosing to play at Betfury. But many people here don't gamble, they are just investors, not players.

It would provably pump the BFG price but also it will make the old holders decide to let go of their hold tokens for long time ago since this is the time they are waiting for. That's why there's really no strong support that can maintain the price of BFG at the top since there are so many people left behind for long time. If the team could just satisfy this people with the updates they released maybe we can see some change of decisions towards those investors of this token.

For now there's a lot of work needed to do since BFG team needs to do something to convince people to acquire their token. Many people got disappointed on their tokens performance so they need to do something especially people nowadays are looking after with this bull run event and many want to see something great to happen for their followed tokens.

I doubt it. If there was really some investor interest, the BFG price would show some volatility and would not behave like stablecoin for such a long time. It is noteworthy that 98.64% of the total BFG circulation is on the platform, i.e. only 1.36% of the total BFG circulation is outside the Betfury site. Just imagine what would happen to the BFG price if some crazy whale decided to spend $1-2 million to buy BFG tokens at the market price.

Good question, I obtained all of mine through gambling and their bounty campaign. There is nothing wrong with giving their bonuses out in BFG as you will get more daily dividend but not the best for investors indeed.

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Data from Coingecko
- ATL $0.010
- ATH $0.037
- Trading Volume $169,723

That just says nobody is really interested in investing. This is probably a good hold and stake during bear market but not ideal during a bullrun. It's a slow horse if you look at the price fluctuations. This is like staking a stable coin for some rewards and that's about it.

I would not be surprised.