🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 63.

FanEagle

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Quote from: Strongkored on February 29, 2024, 12:44:32 AM

The current trend has changed where staking is no longer an option to gain profits because as you said it is only profitable if there is an increase in price but unfortunately the current token price is very difficult to predict and can fall very quickly so that when receiving a staking reward the holder does not get any profit apart from the increase in the number of tokens, if stacker sell the rewards from staking along with the capital, sometimes they still lose money, especially with the recent Bitcoin price movement which has been increasing and usually the token price actually falls.
To increase the price of this token is to increase trading volume because it means that many people are involved in this token market, and staking will not increase trading volume because holders will only park their tokens to earn interest.

I would say that token staking is still a valid way of making money if the price goes up, so you are both right and wrong. Just because we "need" price going up, doesn't mean that we do not need to stake, we should expect it to go up when we are investing and staking is just the benefit of it while waiting.

There is nothing wrong with it and we need to make sure that it is all going well. I know that it will take some time, and I know that it will not be too simple, but as long as this stays the same we are going to end up profiting by staking. This should be the best way to approach crypto, anything extra should be welcomed. In this case, BFG is great, and I hope the price will go up, but we need to stake at the same time.

leonair

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Quote from: shield132 on February 29, 2024, 10:50:29 AM

Quote from: Get-Paid.com on February 28, 2024, 06:48:02 AM

Quote from: iv4n on February 27, 2024, 04:16:03 PM

I doubt that we will see BFG rising up in price, so definitely it's better to stake it for other coins... at least those other coins have a higher chance for some future rise in price.

In comparison with many other crypto currencies BFG performed extremely well and you get on top % return so it's not such a bad investment.

BFG didn't perform extremely well to my mind. I don't know what its price was during the ICO era but according to coinmarketcap.com, Betfury's price in 2021 was 0.029$ per token, now it's 0.017$. In the last month, it didn't increase in price, it's going up and down, on average, the price is the same.
BFG is definitely not a bad investment, it gives you up to 50% APY. APY up to 50% is an amazing promise and it's even good that price isn't going down that much to make your investment wasted. Btw my favourite coin remains Rollbit Token.

BFG offers a substantial APR bonus as a staking reward, which is why many are attracted to it and decide to invest. I won't say that investing in BFG is a bad decision but those who bought BFG at higher prices are definitely losing a lot of money which cannot be recovered through this APR bonus. However, those who are doing staking by buying BFG at the current low price are expected to benefit a lot. If the price of BFG increases, then the price of the token will be pumped, so there will be a kind of profit, and on the other hand, there will be good earnings from staking rewards too

shield132

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Quote from: Get-Paid.com on February 28, 2024, 06:48:02 AM

Quote from: iv4n on February 27, 2024, 04:16:03 PM

I doubt that we will see BFG rising up in price, so definitely it's better to stake it for other coins... at least those other coins have a higher chance for some future rise in price.

In comparison with many other crypto currencies BFG performed extremely well and you get on top % return so it's not such a bad investment.

BFG didn't perform extremely well to my mind. I don't know what its price was during the ICO era but according to coinmarketcap.com, Betfury's price in 2021 was 0.029$ per token, now it's 0.017$. In the last month, it didn't increase in price, it's going up and down, on average, the price is the same.
BFG is definitely not a bad investment, it gives you up to 50% APY. APY up to 50% is an amazing promise and it's even good that price isn't going down that much to make your investment wasted. Btw my favourite coin remains Rollbit Token.

Wapfika

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Quote from: Unsoldier on February 29, 2024, 03:45:10 AM

Maybe the Betfury doesn't want BFG to increase in price. I have a feeling they plan to make their coin a stablecoin because BFG has been in the same price range for years now.

Making a BFG token a stable coin while it has a lot of reserve token and doesn’t have any plan on supporting the value long term is just a dream. Betfury needs a lot of liquidity to make the price stable especially when they are liquidating their own tokens for casino expenses.

Quote

But if that's the case, why is the Betfury burning tokens and holding votes? Perhaps the Casino just wants to show they're doing everything possible to increase the price, but in reality, it's just a distraction. Still, I hope we'll see a bullrun for the BFG.

Yeah right, this is contradicting. I really doubt that it’s possible for this token to become stable but also their current move doesn’t give a huge impact on the valuation of the token since it’s still up to the token holders to boost the price. The team doesn’t do anything on their own to help boosting the price because locking their token to 3 years while their token is already locked for year doesn’t change anything really.

o48o

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Quote from: Get-Paid.com on February 28, 2024, 06:48:02 AM

In comparison with many other crypto currencies BFG performed extremely well and you get on top % return so it's not such a bad investment.

This isn't a good measurement on any level. Many other cryptocurrencies are dead, if we need to compare ourselves to them to feel we have succeeded, we are setting a really low bar.

Quote from: dwyane36 on February 22, 2024, 05:57:05 AM

Surprisingly, it looks like the Betfury team is still interested in making BFG a more valuable token. So, this time, they suggest reducing the circulating supply and implementing the BFG lock on the chain. What do you guys think about this vote on Betfury's site? Will this have a positive impact on the BFG price as they expect or not?

I was going to say that i believe it when i see it, but i saw the plan and looks that's all smoke and mirrors to confuse people. Introducing stBFG is just hilariously stupid and complex puppet show. If they wanted to rise the token price, they would burn all their tokens and AFTER that bought it from the markets. With 2x APR % does make me think that either they really are incompetent and can't figure out sustaining tokenomics, or that they are purposely misleading token holders.

Does anyone here feel like they are affecting to future of the token, when there are 2 options like these like these to vote for?

And again, team is promising price growth, which should be a red flag for everyone.

arwin100

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Quote from: Unsoldier on February 29, 2024, 03:45:10 AM

Quote from: dwyane36 on February 28, 2024, 08:42:31 PM

Quote from: Fivestar4everMVP on February 28, 2024, 09:28:19 AM

For me, I feel this could turn out to be the starting point of some really good things for BFG, but I also feel that the team is coming rather late with this idea, this, like you said, is something that will take months before the results may begin to show in the price of BFG, but all the same, with the market currently increasing and a potential bull run coming ahead, I believe the team may try to get BFG listed on atleast one big exchange to draw attention to the token and all the changes that is being implemented for the over all long term value appreciation of it.

If the Betfury team wants to have any success during the alt season, they will need to get listed on at least one popular centralized exchange. The problem is that the BFG token is now traded only on Biswap and Pancakeswap. These are certainly not bad DEXs, but they alone won't be enough during the bull run.
p.s.
Honestly, I am more than sure that the Betfury team can afford to list BFG, at least on such an exchange as MEXC.

Maybe the Betfury doesn't want BFG to increase in price. I have a feeling they plan to make their coin a stablecoin because BFG has been in the same price range for years now. But if that's the case, why is the Betfury burning tokens and holding votes? Perhaps the Casino just wants to show they're doing everything possible to increase the price, but in reality, it's just a distraction. Still, I hope we'll see a bullrun for the BFG.

Who the heck doesn't want their token to increase its price? That's lame excuse because that's not this token supposed to be. Its just they are lacking enough community support and demand that's why its hard for their token to pump.

I think they don't have any concrete plan on how they can create big hype for their token. What we can see now is the normal thing about them. But let see what will happen next for taking some actions and as been said if they could just able to list it on decent exchange maybe the story will be different here then they can join the current hype on bitcoin, also with several alts in the market.

Unsoldier

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Quote from: dwyane36 on February 28, 2024, 08:42:31 PM

Quote from: Fivestar4everMVP on February 28, 2024, 09:28:19 AM

For me, I feel this could turn out to be the starting point of some really good things for BFG, but I also feel that the team is coming rather late with this idea, this, like you said, is something that will take months before the results may begin to show in the price of BFG, but all the same, with the market currently increasing and a potential bull run coming ahead, I believe the team may try to get BFG listed on atleast one big exchange to draw attention to the token and all the changes that is being implemented for the over all long term value appreciation of it.

If the Betfury team wants to have any success during the alt season, they will need to get listed on at least one popular centralized exchange. The problem is that the BFG token is now traded only on Biswap and Pancakeswap. These are certainly not bad DEXs, but they alone won't be enough during the bull run.
p.s.
Honestly, I am more than sure that the Betfury team can afford to list BFG, at least on such an exchange as MEXC.

Maybe the Betfury doesn't want BFG to increase in price. I have a feeling they plan to make their coin a stablecoin because BFG has been in the same price range for years now. But if that's the case, why is the Betfury burning tokens and holding votes? Perhaps the Casino just wants to show they're doing everything possible to increase the price, but in reality, it's just a distraction. Still, I hope we'll see a bullrun for the BFG.

ultrloa

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Quote from: dwyane36 on February 28, 2024, 08:42:31 PM

Quote from: Fivestar4everMVP on February 28, 2024, 09:28:19 AM

For me, I feel this could turn out to be the starting point of some really good things for BFG, but I also feel that the team is coming rather late with this idea, this, like you said, is something that will take months before the results may begin to show in the price of BFG, but all the same, with the market currently increasing and a potential bull run coming ahead, I believe the team may try to get BFG listed on atleast one big exchange to draw attention to the token and all the changes that is being implemented for the over all long term value appreciation of it.

If the Betfury team wants to have any success during the alt season, they will need to get listed on at least one popular centralized exchange. The problem is that the BFG token is now traded only on Biswap and Pancakeswap. These are certainly not bad DEXs, but they alone won't be enough during the bull run.
p.s.
Honestly, I am more than sure that the Betfury team can afford to list BFG, at least on such an exchange as MEXC.

Its better if they do some good actions at current market condition since everyone is thinking about bullish state for bitcoin and also maybe for altcoin to. That's why they should do such action so that they can ride with the hype brought by the season.

But it turns out that they still didn't do anything and as we can see the price of BFG still the same and it didn't get any positive reaction or at least get a short hype. If they can list on MEXC maybe this could help them to convince people to accumulate. They really need to take action this season since if nothing happen to them for sure this might be the end point of old investor to stop believing on BFG since many might think that spending some bucks on this token maybe a waste of money and time for them.

Strongkored

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Quote from: leonair on February 25, 2024, 05:44:55 AM

By staking tokens there are many returns if the price of that token increases in addition to receiving staking bonuses. Otherwise there will be no benefit from staking. If the price of a token drops after buying and staking, it will not be possible to cover the loss with staking rewards alone.so staking also requires a potential token or coin. not all coins can benefit from staking reward only. It doesn't matter how high the staking rewards are. So in order to keep people attracted to BFG, they must not only increase the stacking reward but also keep an eye on the token price. only then they will be able to get many customers

The current trend has changed where staking is no longer an option to gain profits because as you said it is only profitable if there is an increase in price but unfortunately the current token price is very difficult to predict and can fall very quickly so that when receiving a staking reward the holder does not get any profit apart from the increase in the number of tokens, if stacker sell the rewards from staking along with the capital, sometimes they still lose money, especially with the recent Bitcoin price movement which has been increasing and usually the token price actually falls.
To increase the price of this token is to increase trading volume because it means that many people are involved in this token market, and staking will not increase trading volume because holders will only park their tokens to earn interest.

dwyane36

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Quote from: Fivestar4everMVP on February 28, 2024, 09:28:19 AM

For me, I feel this could turn out to be the starting point of some really good things for BFG, but I also feel that the team is coming rather late with this idea, this, like you said, is something that will take months before the results may begin to show in the price of BFG, but all the same, with the market currently increasing and a potential bull run coming ahead, I believe the team may try to get BFG listed on atleast one big exchange to draw attention to the token and all the changes that is being implemented for the over all long term value appreciation of it.

If the Betfury team wants to have any success during the alt season, they will need to get listed on at least one popular centralized exchange. The problem is that the BFG token is now traded only on Biswap and Pancakeswap. These are certainly not bad DEXs, but they alone won't be enough during the bull run.
p.s.
Honestly, I am more than sure that the Betfury team can afford to list BFG, at least on such an exchange as MEXC.

babygun

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Quote from: iv4n on February 28, 2024, 02:22:38 PM

Quote from: Get-Paid.com on February 28, 2024, 06:48:02 AM

Quote from: iv4n on February 27, 2024, 04:16:03 PM

I doubt that we will see BFG rising up in price, so definitely it's better to stake it for other coins... at least those other coins have a higher chance for some future rise in price.

In comparison with many other crypto currencies BFG performed extremely well and you get on top % return so it's not such a bad investment.

Well, I can't say if it's a good or bad investment, investors are the ones who can say more about it, after all, they probably invest in other things as well so they can make some comparisons. I am just a player and I earned my BFG's (and lost many of them) simply by wagering on the site. From that point of view, BFG is great, we have some passive income over time, I guess we can say like some "extended rakeback".

By the way, I am sure many of you spin that Fury Wheel once or twice per day, did you ever win something nice? Or like me you are just winning 100 SHIB, 5000 BTT (NEW), and rarely 3 BFG?

Been a while that I last played on Betfury but every time I tried the wheel, I only got FUN tokens. Did manage to get in the top 100 3 times with their free contest however. The benefit with the FUN tokens is that you can play way more risky than you normally would do.

iv4n

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Quote from: Get-Paid.com on February 28, 2024, 06:48:02 AM

Quote from: iv4n on February 27, 2024, 04:16:03 PM

I doubt that we will see BFG rising up in price, so definitely it's better to stake it for other coins... at least those other coins have a higher chance for some future rise in price.

In comparison with many other crypto currencies BFG performed extremely well and you get on top % return so it's not such a bad investment.

Well, I can't say if it's a good or bad investment, investors are the ones who can say more about it, after all, they probably invest in other things as well so they can make some comparisons. I am just a player and I earned my BFG's (and lost many of them) simply by wagering on the site. From that point of view, BFG is great, we have some passive income over time, I guess we can say like some "extended rakeback".

By the way, I am sure many of you spin that Fury Wheel once or twice per day, did you ever win something nice? Or like me you are just winning 100 SHIB, 5000 BTT (NEW), and rarely 3 BFG?

Fivestar4everMVP

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Quote from: dwyane36 on February 28, 2024, 07:40:56 AM

Quote from: Taskford on February 28, 2024, 04:32:32 AM

At least they do something but let see if this will be converted into good since if people doesn't see anything happen after those counter measures implemented then I guess we can expect to see them remain what currently status they are on.

But for now let see if there's some changes to happen after they cast that voting since maybe they want to see the people statement regarding on what they want to happen on betfury in future. Also I guess after those actions they have done people could open up the suggestion about exchange listing since maybe this can make the other people supporters became alive again to support back this token.

So far, there has been no reaction to this vote being approved. I mean, the BFG token price is at the same level, and the trading volume is only $46k, which is naturally very low. If the Betfury team really realizes everything they said in that vote, then I think the impact on the BFG token will be noticeable only in a few weeks/months after that.

From what I can see in the voting site, users of betfury and as well, holders of BFG have massively voted for the motion, which among them is to reduce BFG's circulating supply and so on, the voting is already done and dusted and now, we wait for further announcements on way of implementation, and then finally, the actually implementation.

For me, I feel this could turn out to be the starting point of some really good things for BFG, but I also feel that the team is coming rather late with this idea, this, like you said, is something that will take months before the results may begin to show in the price of BFG, but all the same, with the market currently increasing and a potential bull run coming ahead, I believe the team may try to get BFG listed on atleast one big exchange to draw attention to the token and all the changes that is being implemented for the over all long term value appreciation of it.

danadc

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Quote from: dwyane36 on February 28, 2024, 07:40:56 AM

Quote from: Taskford on February 28, 2024, 04:32:32 AM

At least they do something but let see if this will be converted into good since if people doesn't see anything happen after those counter measures implemented then I guess we can expect to see them remain what currently status they are on.

But for now let see if there's some changes to happen after they cast that voting since maybe they want to see the people statement regarding on what they want to happen on betfury in future. Also I guess after those actions they have done people could open up the suggestion about exchange listing since maybe this can make the other people supporters became alive again to support back this token.

So far, there has been no reaction to this vote being approved. I mean, the BFG token price is at the same level, and the trading volume is only $46k, which is naturally very low. If the Betfury team really realizes everything they said in that vote, then I think the impact on the BFG token will be noticeable only in a few weeks/months after that.

At some points things may look unfavorable , I am very Realistic, if they want to raise the price they are not doing anything, for me a vote does not mean much, if they had a great social media campaign and where they think they Want to take more investors things change for the better, as a challenge you can't do much, I'm one of those who thinks that these things are not going to happen, and they should do something right, because the bitcoin this year or the next is going to go up and all that great Many investors will look for ways to store their money in a safe place.

Many will have had this site in mind with its Tokens , but how can you Really trust it? The Price can be raised but there has to be a big campaign and the truth is I think many don't trust it anymore, they Prefer to go for other Projects that they see as more Promising , I'm not even Going to Play again because the deal here no longer seems Attractive to me , no They Respond and that is Something that I will Always be upset About , because my money is not worth less than anyone else's.

dwyane36

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Quote from: Taskford on February 28, 2024, 04:32:32 AM

At least they do something but let see if this will be converted into good since if people doesn't see anything happen after those counter measures implemented then I guess we can expect to see them remain what currently status they are on.

But for now let see if there's some changes to happen after they cast that voting since maybe they want to see the people statement regarding on what they want to happen on betfury in future. Also I guess after those actions they have done people could open up the suggestion about exchange listing since maybe this can make the other people supporters became alive again to support back this token.

So far, there has been no reaction to this vote being approved. I mean, the BFG token price is at the same level, and the trading volume is only $46k, which is naturally very low. If the Betfury team really realizes everything they said in that vote, then I think the impact on the BFG token will be noticeable only in a few weeks/months after that.

Get-Paid.com

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Quote from: iv4n on February 27, 2024, 04:16:03 PM

I doubt that we will see BFG rising up in price, so definitely it's better to stake it for other coins... at least those other coins have a higher chance for some future rise in price.

In comparison with many other crypto currencies BFG performed extremely well and you get on top % return so it's not such a bad investment.

Taskford

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Quote from: Unsoldier on February 27, 2024, 08:42:26 AM

Quote from: dwyane36 on February 22, 2024, 05:57:05 AM

Surprisingly, it looks like the Betfury team is still interested in making BFG a more valuable token. So, this time, they suggest reducing the circulating supply and implementing the BFG lock on the chain. What do you guys think about this vote on Betfury's site? Will this have a positive impact on the BFG price as they expect or not?

I'm glad that the casino is doing something to boost the token's price. Perhaps this initiative won't immediately affect the price of BFG. But if Betfury continues to come up with more initiatives to increase the token's price and doesn't stop there, then it's quite possible that sooner or later they will find a way to raise the price of BFG and please us. I hope Betfury will continue to cater to BFG holders and come up with new initiatives that will positively impact the token's price.

At least they do something but let see if this will be converted into good since if people doesn't see anything happen after those counter measures implemented then I guess we can expect to see them remain what currently status they are on.

But for now let see if there's some changes to happen after they cast that voting since maybe they want to see the people statement regarding on what they want to happen on betfury in future. Also I guess after those actions they have done people could open up the suggestion about exchange listing since maybe this can make the other people supporters became alive again to support back this token.

Coin_trader

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Quote from: iv4n on February 27, 2024, 04:16:03 PM

They wish to earn more, as you said, people who lock their BFG will not earn other coins (which is good for the casino) and in the end, they will get more BFG tokens (which is not a big expense for the casino, they made it so they have it in reserves). All in all, the house is winning...

I doubt that we will see BFG rising up in price, so definitely it's better to stake it for other coins... at least those other coins have a higher chance for some future rise in price.

Yeah right, X2 APR makes people crazy and forgot what will be the underlying effect in long term. I still don’t see any major improvement that will give huge impact to the token. The team is really showing who they really are by milking investors more secretly.

The team lock their reserve token but I doubt the token allocated for marketing is included because this is the part which they can gain more by locking users funds. The team fund lock for another 3 years is just a trap to make the team looks like committed to token price while they have the whole profit coming from the casino and at the same time with the marketing tokens that will have less sell pressure and potential price pump for those will ride the hype for token lock for x2 APR. Shocked

Fivestar4everMVP

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Quote from: Unsoldier on February 27, 2024, 08:42:26 AM

Quote from: dwyane36 on February 22, 2024, 05:57:05 AM

Surprisingly, it looks like the Betfury team is still interested in making BFG a more valuable token. So, this time, they suggest reducing the circulating supply and implementing the BFG lock on the chain. What do you guys think about this vote on Betfury's site? Will this have a positive impact on the BFG price as they expect or not?

I'm glad that the casino is doing something to boost the token's price. Perhaps this initiative won't immediately affect the price of BFG. But if Betfury continues to come up with more initiatives to increase the token's price and doesn't stop there, then it's quite possible that sooner or later they will find a way to raise the price of BFG and please us. I hope Betfury will continue to cater to BFG holders and come up with new initiatives that will positively impact the token's price.

I've gone through the voting page on the site, and though I didn't really settle down to read the entire information in it's full details, but from the small part that I read, I would say that what the betfury team have decided or proposed to do is a good one, and a right step in the right direction.

Looks to me like they are beginning to realize how big the coming bull run is going to be, and it did be a very big shame on them if BFG turns out to be one of the worst performers in this seasons bull run is over, this is possibly the reason why they are now taking steps to position BFG to appear as a good investment to this who would be fomoing into lots of altcoins in the heat of the bull run.
Anyways, I commend their effort, and to me personally, I think this move alone, backed with more exchanges listings, could be what BFG holders have been waiting for, it could be what BFG have been waiting for to record a new all time high that is far higher than what it has previously recorded, all the same, I will keep a close watch on BFG right now, and will buy-in again ones I begin to see the positive impact of this decision reflecting on the token price.

iv4n

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Quote from: Coin_trader on February 27, 2024, 09:14:54 AM

Quote from: Unsoldier on February 27, 2024, 08:42:26 AM

Quote from: dwyane36 on February 22, 2024, 05:57:05 AM

…

I'm glad that the casino is doing something to boost the token's price. Perhaps this initiative won't immediately affect the price of BFG. But if Betfury continues to come up with more initiatives to increase the token's price and doesn't stop there, then it's quite possible that sooner or later they will find a way to raise the price of BFG and please us. I hope Betfury will continue to cater to BFG holders and come up with new initiatives that will positively impact the token's price.

A solution like this will just lessen the sell pressure but not gonna boost the price. The price boost still relies to new investors or if current holders buy more just to lock their tokens for a year.

Voting is already over and this proposal is already approved. Here’s the summary of what’s gonna happened now with BFG tokens.

X2 APR for lock BFG tokens for 1 year.

The feature of decreasing circulating supply is not entirely true with this proposal because they just lock it but they are not removed which means they just delay the release rewards for mining for a year but increase the circulating supply more once the lock period is over. Also this kind of feature will just create more sell pressure in the future since those user that locked tokens will obviously dump hard once their token unlocked. It will be first to sell token games after 1 year.

If the team is really serious on decreasing circulating supply, just burn all their reserves token including the token allocated for marketing because these tokens are mainly burning the LP of BFG tokens once they are using for their operation expenses.

It’s funny how people think that lock tokens will decrease circulating supply. It’s just a band aid solution that will amplify the problem in the future.

They wish to earn more, as you said, people who lock their BFG will not earn other coins (which is good for the casino) and in the end, they will get more BFG tokens (which is not a big expense for the casino, they made it so they have it in reserves). All in all, the house is winning...

I doubt that we will see BFG rising up in price, so definitely it's better to stake it for other coins... at least those other coins have a higher chance for some future rise in price.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 63. (Read 89537 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 63. (Read 89537 times)