Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 92. (Read 89620 times)

Burning BFG tokens on a monthly basis as it is now has no effect on the BFG price either in the short term or in the long term. Some calculations on this matter have been mentioned earlier in this thread. As for the buyback, it could really have some effect, but I doubt that the Betfury team has any plans for it since they have never mentioned it once.

I completely agree with you, even in the long terms, such type of burn will likely not have any positive effect on the price of the token if the project is not a really serious one.

The only sure way for token burn to have immediate positive effects on the price of a coin or token is to buy the coin or token from the market and burn them, this way, atleast during the buying, demand for the coin increases which can draw the attention of investors to also try to get some profit from the immediate price increase.

Burn coins or tokens that have been previous held by the team will have no positive effect on the price of the token in the market, most especially in a time as this.

Yes, it's true that the Telegram community group is always full of spam links so it can't be used as a discussion place for the community, let alone writing user complaints there, ANN threads on this forum are freer than that and everyone can even share their opinions and provide feedback too. Complain to the admin or site owner to get a response.

I also never use Telegram channels and groups to communicate with gambling sites because in my opinion this forum is freer to write any opinions and feedback for the site, especially if there are complaints and problems we can express everything because in the Telegram group the admin can silence our voices. by limiting messages to the community there and only admins can make posts there. so prioritize this forum for providing feedback rather than telegram.

This is not new behavior of casino that offers investment in a form of casino tokens. They usually pocket the funds from the initial investment and then use their token holdings reserve to slowly spend the part of investment money put on the exchange liquidity for the casino use.

At the end of the day, only token holders ended up holding a useless token while the team enjoying on the casino profit and casually liquidating their BFG tokens to spend for the casino. It’s a win win scenario for the team. Believing on this kind of token for long term is  very painful if you look carefully how the team excludes BFG tokens when it comes to profit sharing of the casino. We are already ignored by the team on this thread. This is a sign that they doesn’t focus much on the token future.

This is what they need to do before since if they just create good use case for their token and create something interesting with their token maybe they will not experience this huge downfall. But they are maybe left behind that's why frustrations coming from its holder is slowly covering this thread and they show some frustration the way they post. If they still have plan to make this project great then better if they go back here and be active so that people can see some hope from them.

The law of supply and demand might take effect in the long-run in case the support still present, I go with the buyback and try to continue providing progress and aside from the casino business, there are also functions for the token to attract interest from investors who are still looking for project to invest their money, but if there's nothing aside from staking opportunity the chance of bringing the money in might be difficult as there are many available project that is being introduce from time to time.

Yeah!  This is precisely why it is much more useful even for novice players to read real and reliable information about casinos that are new to them here oon  our forum. 
The difficulty, however, lies in the fact that such users still first go to read what is written on Telegram or other mass social networks.  And Google search also gives them relevant links first.  But such players still need to reach our objective and truthful forum.  I see that this is some problem in disseminating information about casinos that use cryptocurrency payments from real users, from players who leave their posts in topics in the Gambling section of our forum.

That is the best mindset to have but not easy at all. In a bull market everybody is more optimistic, think that the price can only go up and this is also the season that you get a lot of new investors. In a bear market, a lot of people will not buy anything, on the contrary sell it all, because they will think it can go to zero.
I don't agree 100% that the team is not serious, they can communicate a lot better and we need to be hopeful to see what can happen in the upcoming future.

The main reason why burning doesn't really change the price on short term is the fact that it was already at the team and it was already out of the market. This has been talked about before, if the team already has those tokens, then burning them or holding them doesn't change the market price, maybe psychologically you will feel better about it, but the end result is the same.

Buybacks are important in this case, they do make a change in the market if they ever do it, but the burning of the tokens that are in the holding? That doesn't really make a change on the short term. Long term it does, because it lowers the supply which would mean if the demand stays the same, with less supply, the price will gradually go up.

Yes, it's just that a government injecting liquidity into its currency is quite difficult, I don't see them doing that rather a government increasing the volume of its pockets or those of the entities in charge of the FED to that the dollar does not have so much falsity, things like what they are doing now, where they are contemplating making the bonds, that is what I Recently saw in a recent economic report, which is not obvious, what the team of The bet is that they put the token on a centralized exchange, there is no other, by putting it on a centralized exchange the Interest of investors increases a lot, obviously if it is one like Binance, because things are different, they are much more easy, so that other investors see it as a safe haven, I do believe that the Tokens can be shared through Networks , Through various Means, such as reddit, making an internal casino forum , something like what stake.com has , which is n exemplary casino and very relevant in the forum and in the world , etnocnes is trying to do things Better , to love this project, what I follow is, that with everything they have gone through throughout the project They are in an enviable position for many projects, how many would not like to be there? to many, for not wanting to enter a centralized exchange ? If this is so, then why did they decide to get into the world of the cryptocurrency market? If things are quite obvious that the market can be benevolent at any time and can do many things.

In my opinion , the solution to this Project is clear, if you only follow these steps, through your own experience you can move forward, and make the price Increase comprehensively and not through bots in an exchange, which sometimes many market makers They do it , as well as the plans they provide on the Exchanges , so if they Follow a plan similar to that , there are many better ones that the most experts can Create.

Generally speaking, we are still in a bear season, and most crypto project developers who do not know how to manage a project and a community often go silent in times as this, probably because they feel that nothing they do or say will make the coin to pump aside listings on new exchanges which only gives temporal pump, and then return back to where it was before or even lower.

So most project owners will choose to be silent in times as this, but as soon as the bull season comes on again, we begin to see alot of updates on development of the project, future plans and listings and so on, all this are just tactics they implore to win investors money and not be left out since almost every thing in the market is pumping ..

This is why I personally don't chose a project to invest in in bull season, because at that time, there are always a lot of unserious projects that will be pretending to be serious, bear season, like we are now, is the best time to choose a project to invest in, and going by what I have seen with BFG, clearly the team behind this project aren't serious at all, and I don't see myself putting money in the token again .

But the way how perform and flow of discussion here it seems that they don't have any plans for future for BFG and they just let it sink that's why it doesn't get any good demand. If they are just active taking up the concern of people and always making sure that they are working behind to make their token better maybe there's no frustration will come up here. But since they decide to leave this forum and didn't give some words regarding about what's latest to them then maybe we can expect that more people will come and post their disappointment about their native token.

Getting investors and traders involve as they are seeing the movement may attract their interest, getting your point from your statement
it's better to bring updates and how the project is performing may have an impact, though it should be more on the development and future plans that will give value to the coin is what really needed to bring those investors' money inside and support the project.

Something that needed to address in terms of the project and not just the casino business that BetFurys' offering.

A read only telegram community is still much better than a telegram group where everyone is allowed to post. But here we have two problems. One if the telegram group is restricted for positing, then the gamblers will won’t be able express their feedback. We will only see the version of the admins and they will be sort of “All Good”. However, if they open up the chat, the you will get a lot of spam and people will start to share their own links which may be harmful too.

The discussion of this gambling threads, on ANN gambling threads is much more neat and easy to read without any spam etc. Ann thread can give true feedback of the users playing at the gambling site..

I certainly agree with the relative convenience of individual channels for individual serious projects in Telegram. 

But what I fundamentally dislike and disgust, for example, is that even in such channels, admins or some Telegram users often constantly insert various colored and bright pictures, gifs, etc., and of course sets of emoticons and other visual spam.  It’s unpleasant for me to scroll through the feed and all the time my eyes are dazzled by all this unnecessary rubbish.  This is not observed on our forum, or rather it is observed very rarely, and you can calmly read what our users write and, without being distracted by streams of emoticons, understand and study the meaning of the post.  This is a little more difficult to do in Telegram. 
But this is so in my opinion, I don’t insist on my opinion, I think those who have long been accustomed to this diversity and “fireworks” of multi-colored pictures have simply already developed the skill of ignoring all such spam. 
But it still pollutes the brain, no matter how you look at it.

Actually, that is one of the problems, they haven’t posted an updated roadmap in quite a time. Around 1-2 year they made a roadmap with the goals they wanted to achieve (more in-house games, new contests, addition of new tokens, more promotions,…). They always achieved their goals and on time but right now there is no new roadmap which is a pity.

The token can arouse curiosity, but they must be more demonstrative, make a chart where they show everything they are doing, achieving with the price, if it goes up, if it goes down, if they do something that can have more visibility for an investor, to get excited and that they want to get involved in the project so that they believe that this token does have a good future, I don't see any type of things that would encourage them to buy, I don't see that there is interest, if I had a project the first thing I would put would be the chart of the coin, but so that I have a coin inside a casino, and I would have contests, that is what we as players would like to see in a casino with coins, see how the money moves.

Burning portions of supplies might affect the value but not that much as there are also holders that selling their assets from time to time and with the stake bonuses where coins that being added as reward can just add up with the selling pressures, though I also on that point where if BetFury will bring fresh ideas on what they are planning to increase the demands of this coin aside from being a staking asset that can give you rewards, something that will bring the interest and will have good numbers of potential holders and investors.

More on future plans that may gather new prospects that potentially join and support this asset, while those believers can continue to hold and stake their coins without being affected by the current market movement.

That should be done by betfury looking for other ideas to make their price value better, maybe they need to update the roadmap so that this business continues to grow or indeed they don't want to do that and already feel they are getting a large profit from their casino site, compared to the token they created BFG this, but so far they are actively burning BFG tokens very well but this method has not increased the price.

Maybe they have a road map that must be completed on time and coincidentally I haven't read their road map, maybe if there are updates for development and other ideas they need to make changes to their road map or follow the path they have set now, as long as BFG is still there. being able to use it on their site is already good because many projects don't use their tokens on their site, which is funny

So they need to think other way than paying their BFG tokens so that the price will not get affected. But I doubt they have plan to take some funds out of their pocket knowing that BFG situation is not in good condition and even if they spend some money for marketing then it pumps for sure there are long time holders will sell since for sure this is the time they are waiting for to have graceful exit on this token.

So they need to create more better ideas to convince people to hold and have more utilities since maybe for this it can help their BFG token to rise its demand.