Topic: Do you have any DCA plan on casino (Read 338 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.

I have never been a fan of altcoins talk more of casino tokens, no shade but it doesn't change anything because 50% has been lost from the all time high it was traded and right now, no good exchange listed it despite all the fugazi pump, in addition to that the token is been traded on Ethereum chain which means people with low available funds will end up wasting all their resources into gas fee. I will say people who risked it were lucky but on neutral ground many will have ignored it because it was a token meant for benefit in the casino, it is not known outside the exchange, it was when the pump started other traders rushed in and you know what happen when whales decide to play with the rest of the traders, there is going to be a nice ride of tides in candles.

I wouldn't say people should not go for casino tokens but in every 10 casino tokens that you see on the market, 9 of them will fail and only 1 will succeed, if we go buy example, rollbit is the only successful token that has proven that. However, there were also speculations about the token after they changed the smart contract of RLB, so many people couldn't convert their RLB from the first smart contract to the new contract and that is why the pump was so easy because many couldn't sell, they are speculations and Im not sure if that is valid actually.

Why should DCA be that important on something that you also know has a risk beyond measure, should you count such as an investment to put your money on coins you're not sure of their prospect and invested all your efforts and time on DCAing, I can't do that, once i make a decision on investing on altcoins for gambling then i take my mind off it for sometime to know if it will remain or loose stay on the market, there are casinos releasing tokens but am yet to see any as of few months now.

In this case it must be realised that when we are in gambling it is to gamble not not to invest because basically such a thing is not possible so why say DCA because gambling is not a form of investment but a game with bets.

As for when you do it with real coins from gambling it is indeed good but on the other hand it would be better if you use coins as usual to do such as bitcoin or USDT because in my opinion it is more worth it but indeed doing it in real coins made by the site is not a real problem but the focus is still this is not an investment so there is no need to be too forceful to do DCA because in the end all the money in the gambling wallet will certainly be used for gambling in the end.

is it the only gambling token that has provided a profit?!
I remember a discussion on these argument and many many tokens have become non-profitable or more over.... simply turned to be a scam!

Actually there are no major casino that are planning such activity. However I will just stay focused on tokens/coins emitted by reputable casino.

Good you are aware that investing in casino tokens is a risky move.
In my case, I had considered to invest in some before, but I am afraid I have not decided which one. I would probably just stick to Bitcoin and DCA on it.

I have not heard anything about a reputable casino lately on launching a token, I have discussed about Stake before on taking such step, but it is doubtful they will do it in the end, because it would be translated on problems with regulators and authorities.

even though you said that you know the risks of investing in casino tokens, I will still talk about the benefits of these tokens, see what the rollbit team did so that the token was useful and created a lot of attraction for people so that people If they invested in this token and the price of the token would go up a lot and ask yourself: if other casinos copy what rollbit has already done, would that attract people too or would it just make people not pay much attention because they see that it is an idea? that already exists in another casino and that for this reason it would be more practical for people to buy the token that they already have in another casino that was the first to have the idea.

Now think that if people don't want tokens from casinos that copy pasted the rollbit idea, then what do people want to see that is a new idea in a casino token? When we ask anyone what they would most like to have in a casino, the most likely answer will be: getting a big bonus without having to go through many wagering requirements. but when we ask people: what would they like to see in a casino token? Most people will not be able to answer this question and may even say they want to see the token listed on large exchanges

And talking about casino tokens being listed on major exchanges, see that RLB is also not listed on major exchanges like Binance, I only saw them listed on Poloniex, but the question I ask myself is why the casino tokens team doesn't do it. effort to get your tokens listed on major exchanges? probably the reason is because they don't want to spend money on listing payments and they also don't want to run the risk that when the token is listed on the big exchange it drops a lot in price, while the token is on a very small exchange, with very low volume, people they will buy the token because they will think that in the future when the token is listed on the big exchange in the first few days the price will go up a lot. my conclusion is that if you like risk then keep buying these tokens, but they are not things to stick with for 5 years, they are high risk investments

There are many other crypto casinos with their own token. Some don't even use them yet, such as Lucky Roo (ROO), while CasinoCoin (CSC),  Lucky Block (LBLOCK) and Solcasino (SCS) can be used. Some has recently been launched - but they quickly took the money from investors and shut down, such as GunBet (GUNBET). Always be careful with new gambling tokens - it's rather high risk. However, I have nothing against the Rollbit Token - but do your due diligence before even consider investing in it.

I think every other investor had similar intention like OP, to take profits once it pumps. The price value of the token is declining, people are selling. In purchasing crypto, you must be careful and do it with an established coin. This rollbit token is just growing and its performance is questionable, regardless of the number of users or gamblers who are investing into the token. Like you said casino token is risky, the whole point of pumping rollbit token is to keep it on a trending radar, for buyers to see. And you, op, fell on same category with such buyers, that's why you feel the pump is a lost opportunity. Why not invest now and see the result for yourself. At first, when you saw the coin's growth, the bearish season ran across your mind. That would have been the best time to invest, then participate in the profits that followed afterwards. Every coin is risky and unpredictable, not just casino coins. Personally, I don't have any plan for casino coins because it's mainly dependent on the casino, if the platform has a problem in future their coin will suffer too.

You can see FUN, BFG, OWL tokens or for more details, you can see them at https://coinmarketcap.com/view/gambling/.

I'm still trying to invest in the FUN token because in my opinion, the token is supported by freebitco, one of the oldest and most reputable gambling sites. I also have a few BFG and OWL tokens but it seems like BFG tokens are better judging from the price.

I think the price has not yet received a pump for the three tokens and is still waiting for market conditions to recover. And these three tokens can rise again when altcoin season comes.

I will advice you to go for just normal coins, like bitcoin. See casino tokens as for other things that they are used for which may not be beyond the casino. It will be better to start the DCS now and continue. The main reason for DCA is to buy a coin or some coins at different prices at different time as time goes by, do not let it be too late. After halving, be expecting profit.

Two big casinos with tokens are Rollbit with $RLB token, you missed its pump months ago. Another casino is Freebitco.in with $FUN token that has yet pumped latest months.

I really recommend you to follow the $FUN token because the quality and reputation of Freebitco.in casino is undoubtedly. I would like to note that Rollbit casino is more actively with their product developments so their token $RLB can have more waves than $FUN token.

Both tokens have inflationary issues but their team are trying to use part of casino income for Buy back and Burn. A bigger capital used for buy back and burn as well as more new demands in next two years can lift two tokens to higher prices.

To be honest, I have no idea what you're asking. Second, aside from what you said, the only other crypto casino that I am aware of that has its own utility token is BFG, and I am also unaware of any new crypto gaming that is new to crypto. own token as well. Why did you inquire?

Do you intend to invest in crypto gambling utilities for the long term? and will you employ DCA approaches in this case? You are aware that there are additional possible cryptos that will gain in value in the market when the bull season begins; why not simply choose from the market's top cryptos? This is just my opinion.

Hey mate do you think this discussion belong here?
There are no relatives to gambling discussion and all i found out is about their tokens so to me i will suggest you take it to the altcoin discussion section maybe i think i have came across post that relates to casino tokens and their launched. So my suggestion is to move it to the altcoin discussion board. Casino token are also classified as altcoin but during your investments you should be very mindful with your decision on how to acquire those tokens otherwise invest what you can be able to risk.

It's a shame that I missed the Rollbit token pump, I would have made a lot of money from this token, but I failed to DCA because we are still at the peak of the bear market, my mind was set on after the halving, before I can start buying some more risky assets like casino tokens, I guess I was wrong.

Now I will like to know any not too old casino that's yet to launch their tokens yet, I think the Rollbit team did very well by handling their tokens with good utility for the holders and investors, what will be the next good casino token?

Is there any reputable casino that have plans to release a token? Which is your favorite casino token that you are looking forward to DCA few $$$the into? Do not advise me about how risky they can be, I understand the risk and I am willing to accept any losses.