Topic: Do you have any DCA plan on casino (Read 327 times)

I don't have any plan in accumulating casino tokens because I don't have any interest in them as well as insights of me getting a much profit in it when the bull run comes. It would be better for me to just invest on bitcoin or other altcoins in the market that I think is much worthy my investment. I simply just don't see casino token as a profitable asset, they are placed on the niche side of the market where gamblers are the only on who will utilize it and not the masses so yeah, probably stick on bitcoin and other altcoins.

The OP should stick to the more recognized coins like Bitcoin, Ethereum, Litecoin which has wide acceptance and usability outside of the casino. The usability, acceptability, and functionality of a casinos token is only limited to the casino. What is the real value of it outside of the casinos? Nothing comes to mind.

This is my opinion due to my experience but for some other person, the casino token may just be the drive to become move involved in gambling and in other related activities.

You can still try investing in RLB tokens because this altcoin season hasn't started yet, and there is still an opportunity for gambling tokens like RLB to rise. There are still many other gambling tokens that you can check for potential increases. But we don't know which gambling tokens will increase later.

But you shouldn't just look for gambling tokens as your investment. Perhaps you can return to bitcoin as an investment because having more bitcoin can provide an opportunity to make a profit. Investing in altcoins may not be easy to find coins, which also applies to gambling tokens.

It is not for everyone, obviously. But we should not close our minds to tokens which are issued and minted by reputable casinos, specially if one is an consistent and habitual gambler.

In my personal opinion these tokens are not exactly like shitcoins, shitcoins. At least with casino tokens there is a chance to receive perks for being a holder and also pocket some money from speculation. We are talking about s business which already exist and it is successful.

On the other hand, most shitcoins are just fueled by promised and memes.
Very different. Though, I do not blame you for not liking them, not for everyone.

I was excited when I read the subject title, turns out what you're discuss is DCA-ing the casino token

Nope I don't want to DCA-ing casino token because almost the token are become worthless because the supply are unlimited and has no use case. It's not mean I'm saying Rollbit is bad, the site is good and trustworthy until now, I just saying the token.

I do not know any other online gambling casino that is planning on launching thier own token aside from blackjack.fun' which wiwo have mentioned, I read about this development on their thread some time back, but unfortunately, the casino is no longer as very active and popular as it used to be in some previous months ego, even their thread is no longer that active in the gambling board like it used to be..

So clearly, I personally do not have the latest information concerning the development of the token as of now, but all the same, we keep looking forward to it.

Blackjack fun also have a token development in the pipeline,  they made a hint on that development in their discussion thread,  but I don't know which stage of token sale they are right now,  but you can take a look at that development as the promises to give investors some run up in profits.

But just know that,  not all casino token will be successful in the market and what sustain market relevance is the ecosystem that surrounds the token.

Because that is what will determine what value will be place on that coin,  so the better the ecosystem to support the value and liquidities.

Isn't this discussion better on Trading Discussion? I mean it's about gambling tokens, yes but it's still about the token market and not the token casino benefits.

DCA is the act of investing no matter the season of the market. The fact that you were waiting for the bear market to subside before even starting to DCA is already proof that you failed in doing it in the first place. Well I guess it isn't too late even if you start after the halving imo though. Not now though for this specific one though, as you said it just pumped after all.

Sadly I've never dabbled in crypto tokens before. The benefits don't entice me that much and I can gamble all the same with or without it after all. I think coinmarketcap has a list of gambling tokens? Not that I'm familiar with what's good but a quick scope shows that only RLB has a relatively positive price growth, the rest were up/down by 2-3% at most.

No. If you can DCA on a casino in hopes of earning more money then might as well do it through something that's a little more certain, like investing it on cryptocurrencies.

You gamble cause you want to have fun, and yeah sure that might involve some winning in the process but that shouldn't be your focus especially when it's clearly stated in the tin that you're going to lose more than you win when you gamble on a consistent basis. Gamble for the hell of it don't push for profit, and while I'm a sucker for rewards and free stuff I don't really see any reason why I would DCA my rewards instead of DCA'ing my cryptocurrency portfolio instead. That's just a little irresponsible and it goes to show where your priorities are in a sense.

There is absolutely no DCA plan with this casino token for me is clearly risky and do not want to bear more losses because of this risky plan.
Maybe you regret doing DCA before the RLB token went up, but when the token falls will you regret doing this crazy plan?

There is no other plan except my DCA on bitcoin which continues to be maintained, even some other top altcoins never have a DCA plan because it is too risky, I also avoid it.

There is a casino that will be releasing their token which is Blackjack.fun casino with JACK token here is the ANN thread. [ANN] JACK - Blackjack.fun Token Pre-Sale
It is still on sale maybe you can try part of this sale, because they said this token will be sold to every user especially with VIP.
If you want to take the risk, go for it! I will not advise you.

As you have said we're still at the peak of the bear market, why not buy it when it's still bear market and we're at the peak of it? You better DCA at these times so if you're saying that you have failed, it's not yet late.

IMHO, it's not really needed at all. If we get to see each casino owning their own tokens then from time to time, users won't be buying that and if they will buy. They will only rely on the one that has high liquidity. Not all casino tokens are tasting the success. Some are good during at launching but stays there.

Take a look at the gambling tokens on coingecko, the total market cap of all the gambling tokens that are been traded with moderate volume are not more than $550m and RLB account for 441m, that is to tell you that there is no much going on in that market, it was RLB that made name for the tokens in that section and this was due to th development that were made and the upgrade in their platform that make it grow like that, no investor will look to invest in any token in that state unless they want to manipulate people into pump and dump.

Even if you know any of them, just because RLB was pump and had recognition from others doesn't mean other casinos of gambling tokens are going to do the same, and buying only one of them is also like not investing anything at all because when you don't diversify your portfolio with many of them, the one you bought might be the one that will pump later in the future. You can check the link I provided at the top paragraph and see the ones that are not yet pump.

Furthermore, don't forget to do research details on why RLB was pump this way, it could be as a result of the whale effect or maybe some kind of news or maybe even an insider information that led to fomo, buying alternate gambling tokens doesn't guarantee that the ones will experience this kind of pump as well, especially in this bear market where lots of people don't have interest in altcoins anymore.

Yeah, with altcoins, investors usually regret for many reasons, such as, "I wish I had sold earlier before the dump," or "Why did I sell so quick before this heavy pump? and "Why did I not invest in this token while seeing it when the price was still very  low?"It's usually different regrets upon regrets. You don't have to regret Rollbit because you might still get lucky with some other altcoins if you are an altcoin investor. There are other coins from some existing casinos, but you cannot predict which one can pump suddenly, and there's no way you could buy all the altcoins from different casinos. You will run into losses because not all of them can do well.

These signals indicate the onset of a bull market, and I'm somewhat taken aback by its tardiness. This surge is currently evaluating the market, even though the trading volume isn't substantial. Notably, it's happening on the decentralized exchange, Uniswap. Regrettably, I'm unsure about how Uniswap will fare this season in comparison to other decentralized exchanges and top centralized exchanges.

There is indeed an increase with the price of the token you have mentioned but that won’t guarantee that all gambling platforms who would release their own token, would be having the same result.Few reasons are token’s utility and market cap.Those tokens are meant to be used in the platform. Also, there are other crytpo alternatives to gamble in a web 3.0 casino which is why I think demand won’t be that high for gaming tokens of that particular project. If you’re into DCAs of token then moving to ither categories would be better than to just be hyped of what happened with Rollbit’s. Engage to those whoch would give you higher market price increase in the long run. Check for previous market performance of gambling tokens and see it for yourself. With market capital is obvious.
Indeed ‘coz why in the first place they would use alternative cryptos as mode of payment in every deposit? A coin should be prior to a project’s release in this industry. Try to observe the market price of RLB and check if the increase would be sustainable for DCAs and long term holding.

It is more logical to look at this from the perspective that whereas a casino is for gambling, hence why they have their own tokens, an exchange wallet is for DCAing BTC or altcoins.
It might work for some to just leave some funds in their account, but it shouldn't be that tokens meant for gambling get left with a savings plan or DCA strategy in mind.
I don't see it as a bad idea actually, because it's very risky as we know, but it sure has its own market and trends too.

I am confused about whether this should be moved into the altcoin discussion or it should remain in the gambling discussion. I think as it is a topic about the token it should be moved to altcoin discussion board. And I could understand that you wanted to buy gambling related token which was available on rollbit but you could not invest much as you were not available at that time to invest.

I know about BFG for sometime now but I think casinos that run on token are more satisfied with few exchanges listing and not giving their token space to grow, the reason this is not easily assertain by me. So I would rather invest in a more ready to grow token or coin, not solely used by a confined group or community for limited purpose. DCA bitcoin as already known is a better choice.

I think most successful casinos don’t really want the additional responsibility nor regulator attention that would come with releasing a token. Their main line of business is too important and profitable for them to play games to try and get more money from their user base. That being said, if Stake offered a token where I could get a piece of their profits I would be all over it.

I don't think OP needs any advice because he stated clearly that he knows the risk involved and he is willing to take it. Some people are high-risk takers and in some cases, they have massive profits but in most cases, they lose all. Maybe he wants to start DCAing because he can't afford a lump sum purchase. Some persons are skillful in predicting these tokens and have made a fortune from them. But altcoins are a no-go area for me since I lack such skills. I suggest that OP should do his research to get some vital information.