Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 65. (Read 82201 times)

Well, with respect to other tokens, things may be that the tokens are still around, we cannot expect less than a token when there are many investors who put money there and will not leave this token until it rises properly, too It is necessary to highlight what they say, the bitcoin market is somewhat hit and these things can make things more difficult with tokens, bitcoin has dropped in price and that is something that affects all cryptocurrencies, whether they like it or not, they affect, because there is a panic, in these tokens things are usually different, perhaps the token maintains its price because investors do not want the price to drop further and that is why they do not sell, perhaps they have invested so much money that they do not want to lose It is not good to make an investment to earn more and get out with less, it is not a business, if you have waited a long time for it to go up, you can wait a little longer to wait for the price to go up, and that goes up at any time , at what time? I don't know, but it will happen, and for me when it rises and there is a new ATH we will see how this token behaves, from the way things look it can and should rise, the bad thing is that they haven't done it a lot of strength, there is no relevant publicity, which makes investors interested in buying this token.

Currently there is also another token from a casino that is quite interesting, it is relatively new, and it has a great community, I don't know but they are doing things well, and what can be done here is that those in charge of the project give it life, bring innovations, promise that they will implement it in a centralized exchange, so that it is more trustworthy, if they name a good exchange, I am sure that investors will be interested and buy the token, because they know that it has The moment he is inside the exchange, things will be better for them, because an exchange gives a project a lot of credibility and makes it grow.

The unfortunate truth about cryptocurrency is that every coin is susceptible to experiencing a downturn during a bear market. Regardless of their development and marketing efforts, all cryptocurrencies will be impacted. This can be disheartening for projects with promising use cases. Hopefully, cryptocurrencies will evolve beyond this in the years to come.

And it seems to me that the BFG token is not worse but not better than other tokens. 
The only difference from tokens, of which there are thousands and even now tens of thousands, is that it was issued by the casino and, accordingly, if the casino continues to operate, then the likelihood that such a token will completely scamed and disappear is very small.  Most likely, various casino devs token initiatives will return periodically and from time to time. 
We should also not forget that in such a tough bear market as it is now, nothing particularly good should be expected from any token, not just from BFG.  But as a gaming token, it may well ecist for a long time and even increase in price as the glibal cryptocurrency market itself grows.  This, by the way, depends a lot of course on how many players use the services of the casino itself and whether there is a positive trend in terms of increasing the number of players and attracting new players who decide to change the casino and the games where they play. 
So I think that everything with this token is not so bad so far. 

On the one hand, it can indeed be said that the BFG token is still surviving. On the other hand, this "survival" makes no sense for potential investors, as the BFG token is in a prolonged stagnation due to the fact that the Betfury team has no plans for the BFG token's future. Honestly, I don't remember the last time the Betfury team made any announcements regarding the development of the BFG token.

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Are you saying it's going to outperform it or have been already outperforming it? I am unaware how much roi has been fluctuating. All i know that it has decreased all the time and i don't think it's possible to get your investment back, and at the same time BFG has been slowly dropping.

This year at the time of writing BFG has rised around 18.6%, while BTC has risen 56.7%. So how much are those dividends worth? Current apy for staking is 32.46% but as it's been dropping that number doesn't mean much.

It has been years that BFG token is existing and it seems, it is continuously surviving despite the launched of other casino tokens.
We may not see the fast pace when it comes to market performance, but for me, it is one of the few casino tokens that is actually surviving.
I once held this token, staked but finally decided to let go as I couldn't keep up with their updates and developments.
But as long as the casino is attracting players and they are generating income, their token has the chance to improve its price in the market.

I expected this to be, so its not really surprising though, and I think not just BFG, a lot of altcoin are still going to outperform Bitcoin, regardless of the fact that Bitcoin is the most trusted cryptocurrency and also one , which carries the lowest risk of losing money, Bitcoin being the number one crypto currency is one trading in every exchange out there, and drives a lot of volume on daily basis, getting bitcoin to move up +1% or higher, that will require a lot of money, probably in the millions of dollars, but on the other hand, a token like BFG can go up more than +50% or more if someone or some group of persons buys or collectively invests like as little as $100, 000 or even less in the token..

If we should begin to look at this or it from the angle I explained above, then some people may want to argue and say that BFG is not outperforming Bitcoin as long as they don't drive or have the same trading volume and market capitalization, but then, many are just looking at numbers, and not what's behind the numbers.

Hope also that the coin for the specific casino being played or traded won't be pump and dump like shitcoins, you know what I mean? may it has a real purpose or usage with the participants such as holding it guaranteed bonuses, free spins, and such. Not only the project but also the solidarity of the whole team supporting it. So regardless of the condition of the market be it bullish or bearish market condition, the company along with the holding coin can survive.

This year BFG is outperforming Bitcoin when you add the staking % into it.

They are afraid to get out on their comfort zone since they think staking is there best option for now since no big movements happening and its hard for them to trade it since volume and movement is not appealing. For now I guess this is the only way for them to earn with it without dumping their holdings also we can normally see this so most maybe we can see that BFG will be the same like no movement at all since this is not been handled well by their management compare to your comparison where the dev of RLB is doing very well to support and create demand for their token.

There are only a couple of ways for BFG holders to use their tokens. So it's not surprising that most holders don't participate in trading as they don't really have any motivation to do that. By the way, the daily volume is much lower now. It's already down to $27k. Obviously, no popular centralized exchange will list a token with such daily volumes because they are only interested in tokens that have, or could potentially have, daily volumes of a few million dollars.

Simply staking tokens like they're some poor man's gold won't make any cryptocurrencies progress. Trading - buying, selling, repeating - is what gives it life

$88K? In the grand scheme of things, that's nothing. Let's not fool ourselves; while I, like you, hope that BFG steps up the pace. It is not even close to the quality of a Rollbit token. Rollbit knows how to play the game; they don't just sit around waiting for a miracle

So, wake up, all you stakers. Take part in trading, the market, or something else! And for BFG, you'd better step it up or else: the show will be only for Rollbit

They are a casino and not a seasonal project that only needs marketing whenever there’s big news. Betfury needs a consistent marketing to promote their casino since their operations is on daily basis. They are doing well on their casino because they have a lot of promotions in the form of giveaways on tournaments. Their BFG token performance is just the problem because they don’t prioritize its price growth since it’s just a utility token.

Listing on exchange is not enough for a utility token to survive. It needs a real utility that will give benefits to the holders.

Timing holds significant importance when making marketing decisions within the cryptocurrency space. Allocated funds could be squandered on efforts to boost trade volume if not carefully directed. Prioritizing development and exploring innovative avenues can establish a solid foundation for the project's success during a bullish market. It's worth noting that the project is already listed on exchanges and isn't reliant on crowdfunding.

These token holders must be involved in trading, not just saving or staking it to get interest because coins with small trading volumes will find it difficult to move quickly on exchanges, unfortunately, most prefer to stake and that is what often happens with coins/tokens that have features staking, it seems that the holders see staking as a way to provide profits rather than engaging in trading so that it can influence prices to go up or down as well. Currently, the BFG trading volume is only $ 88K, which is very small and that is also experienced by other casino tokens, it is difficult to increase trading volume except when something is happening, for example, news about listing on a certain exchange or the casino makes new features for the token, the rest of the volume will return low and price graphics become quite boring.

If they could just get decent volume then maybe this can change everything especially on the decision to list this token on more reliable exchange. But since there's no action done so maybe their old holders are tired to wait for what possible action they do that's the reason on why many people keep discussing this situation since they still hope that there's still good thing will happen to them.

If its about dividend and so on, I do not see that as a barrier or a big enough reason why big exchanges wont list tokens like BFG, there are several coins and token that are currently being and have been trading on big exchanges that also pay their holders dividends, take for example, and one that is not too far from the gambling industry, Fun token from Freebitco is trading on Binance, holders of fun tokens earn dividends, as well as other perks like the free spins and so on, why haven't regulators approached Binance and ask them to delist Fun token that it is a security ?, and this is not just only Fun token, there are other hundreds of token paying dividends to their holders that are trading on binance and other big exchanges..

Lets just say that BFG haven't been able to meet the requirements of listing on big exchanges, and also, I don't even think the team are serious about getting BFG listed on big exchanges, so it is clearly in their hands, the listing has nothing to do with dividends.

I agree to that statement, there's also an impact of possible jurisdiction that's why centralized exchange would not take that risk adding this kind of project, else, if there's good amount of money that may reflect to the project maybe it can change the direction, but in terms of volumes and other aspect that allows the listing, I guess BFG is not meeting those requirements and so far we are not seeing any good updates regarding to any CEX that may list the coin.

Of course, most centralized exchanges aren't interested in low volumes, and the listing rules sometimes even include a clause about the minimum daily/weekly trading volume. However, I think this is not the only reason why popular exchanges don't want to add tokens like BFG. Regulators of some jurisdictions may interpret a token with dividends as a security, and if a crypto exchange lists such a token, it is likely to get in trouble because of that.