Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 68. (Read 89549 times)

It doesn’t have any trading volume either so this kind of holding is not helpful because they earn new BFG tokens added on circulating supply. This holding is really good if the reward they are getting is not BFG token itself that will not flood the supply.

Having no new demand while the supply is growing with same people holding will just make the value of the token decrease in long term. This is same principle with fiat losing its value to inflation. Supply is growing because of the increasing supply without any new liquidity entering in the market.

In the case of BFG, a stable exchange rate says nothing and doesn't indicate any prospects. The BFG price is not particularly volatile because almost all the circulating BFG supply is staked on the Betfury site. In other words, BFG holders don't want to sell BFG tokens and prefer to hold them for interest. This is not bad until some whale with a huge amount of BFG tokens decides to sell them.

You are right the high staking reward system is not a very good news for BFG as people will trust staking only when they see the token's price increase regularly and it has a good position in the market. But if we look at BFG we see that there is no chance of its price going up and no one is interested in trading it now. According to data from coinmarketcap, BFG's 24-hour volume is only $11.5k, which is about 47% less than yesterday. Betfurry casino site is still somewhat popular but BFG token is in a bad situation. whether it will be good in future is not to be said

Well, sorry but I might have to partially agree with your last statement in your first paragraph, stability of the price of a coin or token doesnt always mean that such coin or token is a good prospect to consider for investment, for some coins or tokens, stability in price could be as a result of lack in investors and traders interest in that coin or token, and I personally believe this to be the situation for BFG, sorry if I am sounding rather too pessimistic or a fudster, I don't intend to fud, i am just stating what I think as I believe we all are entitled to our different opinions.

If we are talking about a coin with strong fundamentals, utility and tokenomics with a very active, transparent and vibrant team, if such coin or token is stable in price for a long time, that can indeed make such coin or token a good prospect - investment wise.

But for a speculative token like BFG, stability in price just tells us that investors do not find it interesting to buy (for that moment), And same also, traders are also no trading the token.

Not a financial advice.

Market condition is improving day by day but compared to that BFG price is not increasing. At the same time its trading volume is also down so to keep their token alive in the market they are adopting this marketing strategy to get investors interested in the high APR staking specialty. It has been on for a long time but no positive effects have been seen yet so I doubt how much it will work. If the team doesn't invest in this token themselves, it won't see much improvement

well, from what I've been able to understand since 2016 that I've been in this cryptocurrency market and that many people have started to focus more on stable investments, I know that in this cryptocurrency market talking about stable investment is something exaggerated, but when I talk about stable investments I'm referring to the fact that people are more focused on investing in bitcoin, which is more reliable and stable in terms of not seeing an owner saying something bad and the price falling a lot, in bitcoin there is no such risk. People also focused on investing in stable projects that are good projects with teams that dream very big, such as listing the currency on large exchanges

imagine big whales that have a lot of money, having to go to dark exchanges to buy a casino token or even if it wasn't a dark exchange but a good exchange, it still wouldn't be an exchange at the level of Binance where you can do day trade, when you have a token that has been around for years and is not evolving in terms of listing on major exchanges, then the tendency of many investors is to move away from that token and buy another one that is much better and that will be listed quickly on major exchanges. . One thing that certain token creators refuse to understand: this cryptocurrency market is a very large market, there are many tokens and altcoins. So these are not investors who will be begging token owners for improvements and listings on major exchanges

When investors see that nothing is changing in a token, they simply abandon the token and buy another that will give them a profit, because the market is open to anyone. If a token owner does not want his token to be on all exchanges to have greater exposure, then that token owner should keep his token and people should look for other, better tokens. and in this cryptocurrency market, news and promises have great power. An investor buys a token with the hope that the day this token is listed on a major exchange he will sell it for a higher price. so I don't see anything in this BFG token that will cause the price to increase a lot, in the bitcoin bull market, irrelevant altcoins fall a lot in price because people sell to buy bitcoin

I don't think this latest news has much impact on the current BFG price right now.  Moreover, somewhere between December 14-16, 2023, there was also a small short-term rise in the token rate to the area of ​​$0.018-0.019.  Nevertheless, the trend is probably still more inclined towards an increase in its exchange rate than towards a decrease.  But, all the same, I think that from about mid-March, immediately before the Bitcoin halving, bullish trends in the exchange rate will begin on a slightly larger scale.  On the other hand, a stable exchange rate over the past half a year is also a normal sign of the stability of a token, which clearly tells us about its solvency and good prospects. 

But this is all my vision of the tokenomics processes and in no case is a recommendation to the owners or buyers of tokens.

As much as I agree with you, I still will or can not consider the ability, or the BFG team making more BFG staking option available to holders, as something to be considered as a great development, and I did also try to see the effect which this announcement had on the price of BFG, and I did noticed that the price of BFG moved from 1.5 cents to 1.7 cents, which I am not even sure was catalyzed by this news, or it was just as a result of the general market sentiment which has seen some altcoin doing some green percentages after bitcoin rose to over $40,000 and then fell back to around $39k+, and right now, bitcoin has crossed $40k again.

BFG have been dominant for a very long time, if they team want to position BFG to be one the best performers in the coming bull run, then this will require them to be on their toes and come up and out with a ground breaking development, this is the only way we could see BFG do alot of Xs from here, in this coming bull run, opening more staking opportunities wont do that if you ask me.

It seems that the casino developers accepted what users constantly repeated in their reviews here in this topic and in general when discussing new initiatives for the further development of the casino.  This news about new opportunities for token owners will definitely benefit the token itself and, in general, the very development of the business of this casino.  I want to note that the devs quite successfully seized the moment and announced their initiative right now, in January, that is, 3-4 months before the Bitcoin halving and after the approval of spot Bitcoin ETFs by US regulators.  
The timing is well chosen because there will be a revival in the Bitcoin and cryptocurrency market itself and this will have a good effect on the BFG tokenomics itself

They initially offered staking at a very high APR when there was a lot of hype about BFG and the Betfurry platform became very popular.  But the BFG has been pretty down for a while.  However, BFG's current high staking APR decision seems very good.  So the BFG can generate some hype again.  BFG is very worried about their platform but not about their token.  This strategy is also for their casino site development

I can only speak for myself and that i was in here for the token, i totally shilled the betfury because of it and i am ashamed of it.

And i didn't get it for nothing. They literally advertised that we can get it by "mining" it (spending the money for it in the casino). Admins themselves made a big deal about the value of it, and never forget that they distributed the tokens first to themselves to take advantage of ridiculous price at the start.

Holding USTD doesn't advertise itself by giving profits by holding it and none of us did free candy here, we got a promise of being rewarded for creating volume in the casino, which we did. But the main reason we are complaining, is BFG could have been so much more if the devs listened to any of us and figure out any working game theory for the tokenomics. They had time to do it, but i guess misleading investors by promising dividends and growth was less work.

First of all, why would it give you any profitability? I suppose you have got these tokens for nothing, for gambling on a platform. Why do you think everything that you get in crypto would give you profitability. USDT is an altcoin also. Holding it does not give you anything. When you get a free candy at the store, it should be tasty, and you wont complain to store owner that you dont like the taste of that candy. It is opposite if you have bought BFG on purpose, however its value is still higher than all-time low.

Secondly, you are on BetFury because of gambling, or because of their token? You, this reminds me of people who go to steak houses, order sushi rolls and later make reviews that "rolls here isnt tasty".

That's not bad news. It seems that Betfury users now have a choice to either stake BFG tokens in the old way and get passive additional income or stake them in a new way, which is more risky but, at the same time, more profitable. The only thing is the requirement to wager the staked BFG tokens 7 times seems a bit much for this kind of staking.

Great news for BFG holders
Betfury have added new tokens for earning!

BFG Token
APRs: Up to 130%🔥
Type: Boosted Fixed-Term

Lido Staked ETH (stETH)
APRs: Up to 60%
Type: All available types

Rocket Pool ETH (rETH)
APRs: Up to 60%
Type: All available types

https://betfury.tv/new-crypto-staking

Announcement: https://t.me/betfuryofficialchannel/5168

Burning the circulating supply of the any token is a step only taken by those who care about their tokenomics  and look towards the interest of the project, team and community and BetFury, although having been around for a couple of years has shown their dedication towards achieving their goals and becoming one of the top-tier gaming platform in the space.

I have used their platform from years ago and I can only say that they are dedicated to their pursuit and I see them getting to number 1 position in ranking some day.

I miss their roadmaps to be honest. It gave a clear overview of what coming (new in-house games, new promotions/contests, new features, ...). They also always delivered what they promised. They are still developing their casino but less open on what is coming next which is a pity.
I miss

the betfury.io casino is working fine on my side, so if it's still not working on your side it must be a problem on your side, you have to check if the problem persists when using other browsers, if it persists, test using your other computer or cell phone to test whether it works or not. I haven't used this casino for a long time due to the fact that I don't like using many casinos at the same time, but today when I entered the casino I noticed that the casino is still as beautiful as it was years ago. I hope at least the casino continues to do well.

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I don't post regularly on this thread and I also don't regularly follow the bfg token, but I'm shocked by the fact that even when many months pass and I look on coinmarketcap if the bfg token is already listed on more exchanges and I see that nothing has changed, funny This is why there are some people who buy a lot and do hodl, deluding themselves that things have changed in a good direction, which in this case would be a big price increase, but I wonder why a person who has been doing hodl for 1 year or more of a coin that since he bought it continues to be listed on the same exchanges and is not evolving in terms of exchanges he continues to deceive himself and do hodl?

Is this what they call blind determination or what they call enjoying being deluded? Anyway, I'm shocked by the guys who make token hodl that even after many years, no considerable change is seen. This cryptocurrency market is maturing, as the sharks (large investors regulated by governments) enter this market, the less we will see things like a 2x price pump easily, we just need to see that the bitcoin etf was approved but did not make the price rise much like many people predicted, which means that altcoins and weaker tokens will lose value over time, I hope people don't end up with losses on these tokens

I have an experience with Betfury, I still have the toekns, but that doesn't give any profitability, I don't know whether to leave it there out of anger or forget about those toekns, I don't see that it has a future and you excuse me for my sincerity, but in the team or It does nothing to encourage investors to come and invest, and here they don't have specialized attention, what I invested wasn't much, but it makes me angry because they don't take things seriously here, it's as if the money of bitcointalk clients It didn't matter to them, I trusted them here because they had a good reputation, but from one moment to the next they stopped responding, and it's not something that looks good.

The cases that act like this do not give me confidence, when native tokens are purchased they should send weekly reports by email to see how the project is going, because people became interested in them and believed in them, they are not a scam, but they neither give nor put , I know that things with tokens can be won and lost, but they do nothing because the token increases in price, that gives many things to say not very well about them.

betfury.io doesn't load for me, and when I try to login via the mirror site, a message pops up saying that the account with that data doesn't exist.

No, it's not the same thing. The official and main domain of Betfury is betfury.io. The Betfury team also has three more official mirrors, which you can see here.
So, the betfury.com domain is fraudulent and has nothing to do with Betfury.