Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 8. (Read 76834 times)

The Betfury team launched the project in the fall of 2019 i.e. after the ICO era. Since the launch of the platform, the BFG token had a mining price inside the platform. It is worth noting that the BFG mining price was different at the time when the BFG token was split into two sub-tokens (BFG(BTC) and BFG(TRX)). However, if we talk about the starting price on exchanges, it was 7 cents when the BFG token was listed on Biswap.

investors think about big profits and not low profits and as long as investors are not seeing big things coming from this token then investors will not invest much in this token and probably will not take this token seriously, see that the price of bitcoin today is worth $66000 and thanks to this the price of this token rose a little in relation to the US dollar, the token itself is not evolving and does not rise on its own without depending on the price of bitcoin, people who bought it at the beginning may have profited, but let's imagine that people who buy today could stay hodl for many months thinking that the price will one day go up a lot and that they will earn 2x and spend years without going up, this is because they read very optimistic comments about the token on the internet.

so they deluded themselves, people often prefer to be optimistic to hide what really worries them, in the case of this token it has been around for a long time and there is no information about whether one day it will be listed on a major exchange and I have already asked myself often because this token is not being listed on many exchanges frequently, I suppose that when the token is listed on the big exchanges after a few months people will lose interest because they will realize that there is nothing that will make it go up, whereas currently like it is not listed on major exchanges, people have hope that one day it will be listed and on that day they will sell it for a high price, but this is just a distant dream and this uncertainty benefits the owner of the token because it keeps the price as stable as possible, or Be the creator of the token, don't think about investors, think about yourself

That's why I've been saying that a casino token is the worst investment anyone could make, in my opinion, it's better to invest in bitcoin which is much more reliable and focus on using the casino if the person likes the casino, but not wasting time and money in this token, but some people still believe in these tokens, I just hope that people who didn't buy early don't end up with too many losses, the sooner someone realizes the mistakes of a bad investment, the better because this way they minimize the losses and can get recover by making other good investments

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.

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

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.

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.