How is the performance of gambling tokens compare to other altcoins and btc

len01

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Quote from: coinerer on October 17, 2022, 11:15:53 AM

Quote from: gantez on October 16, 2022, 02:19:18 PM

Quote from: coinerer on October 16, 2022, 03:38:26 AM

Gambling tokens never work like other altcoins and bitcoins and can never do anything as good as them because gambling platform tokens are mostly used for gambling or some other purpose so they don't have much effect on the market and if someone invests in them If they do, they can't make much profit . So Gambling Token can never be compared with other altcoins and bitcoins

Sure they are only made for the purpose of gambling and not for the real focus of hodling a longtime for volume trade and to be utilized in the crypto world. The site specifically build such game tokens for convenient not based on longtime asset as we see in bitcoin, binance, etheruem and other crypto currency too. This is just for the game not for real crypto experience.

Gambling token are maked for gamble but many gambling platform also make there own token for doing a batter place on crypto market if they can get a good position for there token on market and gain a high marketcap then it will work as another great marketing for that gambling platforms .so every platform make there own token for there own purpose

gambling tokens are actually not just for gambling and hitting marketing in the market, but actually gambling tokens can be one way of promoting the gambling platform.
so that when the token is listed on the exchange some traders or investors will certainly find out what the gambling token is for and enter the platform. and after that of course the investor or trader will know that the token is used for gambling and in the end one of the investors or traders will also try to gamble on the gambling platform

Ebede

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Quote from: Desmong on October 17, 2022, 03:55:43 PM

Quote from: STT on October 17, 2022, 10:01:19 AM

They are worth it if you get some benefits from holding the token and especially use that gambling site anyway. Gambling has been a major revenue source to crypto for some time for that reason I'd say this particular flavor of alt coin has a greater base to grow from then most ideas but of course be cautious in your research.

Gambling tokens sometimes do not have the force to go bullish and many of them do not have a strong management team supporting it because they do not have experience to keep the project bullish. Altcoin projects can always push there tokens to the moon because they have the necessary funds to make things happen and goin hand with whales.

Yes you are right that gambling token don't have the right to go foolish but it depends the kind of don't blow too cool and the sponsors of the gambling token that will determine if the gambling token will go for bullish so I know actually that any token that is meant for gambling is for that particular gambling but in time coming then if that token still being available or they maintained the total frequency it will go bullish so it all it does not mean that it is not relevant it is relevant

Desmong

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Quote from: STT on October 17, 2022, 10:01:19 AM

They are worth it if you get some benefits from holding the token and especially use that gambling site anyway. Gambling has been a major revenue source to crypto for some time for that reason I'd say this particular flavor of alt coin has a greater base to grow from then most ideas but of course be cautious in your research.

Gambling tokens sometimes do not have the force to go bullish and many of them do not have a strong management team supporting it because they do not have experience to keep the project bullish. Altcoin projects can always push there tokens to the moon because they have the necessary funds to make things happen and goin hand with whales.

royalfestus

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Quote from: coin-investor on October 10, 2022, 05:25:32 PM

Betfury so far is the token I received in the signature bounty campaign back when Betfury is in their ICO stage as the most profitable token I've received I never thought that they will be one of the frontlines in the casino-based tokens before there were only a few casino based tokens but their platform is not active here in Bitcointalk, BFG token so far have exceeded my expectation but not all token based casino are good I have seen some new casino with their token already out of the picture after doing their ICO, so still better do your research check the platform, its reputation and profitability of course.

I also followed Betfury but loss track at a point when the market got too busy. There are many coins in casino, so what has betfury done better to be where they are? In the bear market all coin loss value so also betfury, what rate Betfury high with the price dip now? As much as I try not to be sentimental, I don't have that level of confidence in the projects team.

Ebede

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Quote from: gantez on October 16, 2022, 02:19:18 PM

Quote from: coinerer on October 16, 2022, 03:38:26 AM

Gambling tokens never work like other altcoins and bitcoins and can never do anything as good as them because gambling platform tokens are mostly used for gambling or some other purpose so they don't have much effect on the market and if someone invests in them If they do, they can't make much profit . So Gambling Token can never be compared with other altcoins and bitcoins

Sure they are only made for the purpose of gambling and not for the real focus of hodling a longtime for volume trade and to be utilized in the crypto world. The site specifically build such game tokens for convenient not based on longtime asset as we see in bitcoin, binance, etheruem and other crypto currency too. This is just for the game not for real crypto experience.

Do you know that the gambling token can be taken or can be invested as a normal hot can't talk so there's no difference between both of them I don't know why you are contradictory the stuff a normal sense token is a token so you can not call it another thing because it is in a gambling site if assuming it is a token that demand for investing in our concession he will invest on it and keep it for long time so since it is a token that is being given for you to play in a particular side it is also good for someone to hold so that whenever I want to play in that particular problem then you bring it out and play and make your bet

Sirait

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Quote from: Z390 on October 10, 2022, 11:50:08 AM

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

from what I have noticed, there are no tokens issued by gambling companies whose token prices follow changes in bitcoin, their tokens look stable because it is centralized. gambling companies circulate their tokens for the purpose of making players use their tokens as a deposit or withdrawal option, if successful, the price of their tokens will rise and the company's profits will be even greater, in contrast to bitcoin which is a decentralized coin and difficult to control.

Newlifebtc

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You can invest in the platform that have their own tokens since it's something that you will use for gambling it's properly okay, because i believe with their token they are also promoting the token to be well known, i know that other people will be understanding it from different ways which is not quite right, the gamblling sites Owns the token.

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Quote from: Xxmodded on October 18, 2022, 05:08:59 AM

Quote from: ethereumhunter on October 18, 2022, 03:33:04 AM

Staking some of the casino tokens for rewards while waiting for the price to go up is good advice, especially if you can have a large amount. At least that amount will increase by betting on the casino so that the casino may provide other rewards for the holders besides just gambling.

But these casino tokens still compete with others, especially for fellow casino tokens. And based on the link provided by @fathafraink, the FUN token has the largest marketcap but this is no guarantee that the FUN token will continue to lead in the casino token market because other casino tokens may also increase in the future.

Casino token have been guarantee depending with how long casino have been working, but not all trusted and experience casino launching their token. Safety when staking with casino token than new token launching however with higher APY reward giving, keep better stake token from casino if have listed several exchange market, if listed on one or two exchange market not priority how to stake. Casino token usually interested with their casino only not include investor or gambler bet with casino token when playing casino or sport gambling.

Maybe that's the appeal of casino tokens given to members and investors so that they can give full support to their casinos and continue to buy and bet casino tokens for other rewards. If the casino token can gain a position on the exchange and many use it for profit, it can make its price more competitive with other coins. That can also be another attraction of casino tokens. But indeed, not all casino tokens can be like that because it takes effort and hard work on the part of the casino to ensure their every plan can run well.

coinerer

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Quote from: len01 on October 18, 2022, 12:21:54 AM

Quote from: coinerer on October 17, 2022, 11:15:53 AM

Quote from: gantez on October 16, 2022, 02:19:18 PM

Quote from: coinerer on October 16, 2022, 03:38:26 AM

Gambling tokens never work like other altcoins and bitcoins and can never do anything as good as them because gambling platform tokens are mostly used for gambling or some other purpose so they don't have much effect on the market and if someone invests in them If they do, they can't make much profit . So Gambling Token can never be compared with other altcoins and bitcoins

Sure they are only made for the purpose of gambling and not for the real focus of hodling a longtime for volume trade and to be utilized in the crypto world. The site specifically build such game tokens for convenient not based on longtime asset as we see in bitcoin, binance, etheruem and other crypto currency too. This is just for the game not for real crypto experience.

Gambling token are maked for gamble but many gambling platform also make there own token for doing a batter place on crypto market if they can get a good position for there token on market and gain a high marketcap then it will work as another great marketing for that gambling platforms .so every platform make there own token for there own purpose

gambling tokens are actually not just for gambling and hitting marketing in the market, but actually gambling tokens can be one way of promoting the gambling platform.
so that when the token is listed on the exchange some traders or investors will certainly find out what the gambling token is for and enter the platform. and after that of course the investor or trader will know that the token is used for gambling and in the end one of the investors or traders will also try to gamble on the gambling platform

Yes I believe that gambling platform tokens are not only made for gambling. Through this they market their platform and when gambling on their platform they give their own token free to gamblers for every bet that Betfurry regularly makes. Through this they attract gamblers. And when they list their token on a good exchange and the token has a good value it attracts gamblers more.

dezoel

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Quote from: Newlifebtc on October 17, 2022, 10:52:46 AM

You can invest in the platform that have their own tokens since it's something that you will use for gambling it's properly okay, because i believe with their token they are also promoting the token to be well known, i know that other people will be understanding it from different ways which is not quite right, the gamblling sites Owns the token.

We aren't going to invest directly in the platform, that's a different thing already but there are gambling sites that work's like that. The feature is called bankroll investing. The OP is only asking about those casino coins. The OP doesn't also want to play gambling or use the casino tokens for gambling but he only want to hold it like a typical investment asset.

I only know a few casinos which has their own tokens, I think that is because they promote their coin properly. They also want it to be more known other than their casino. This is the importance of doing a promotion. It helps people to be aware about the company's product. This is one the thing that we must look at before we decide to invest.

Xxmodded

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Quote from: ethereumhunter on October 18, 2022, 03:33:04 AM

Staking some of the casino tokens for rewards while waiting for the price to go up is good advice, especially if you can have a large amount. At least that amount will increase by betting on the casino so that the casino may provide other rewards for the holders besides just gambling.

But these casino tokens still compete with others, especially for fellow casino tokens. And based on the link provided by @fathafraink, the FUN token has the largest marketcap but this is no guarantee that the FUN token will continue to lead in the casino token market because other casino tokens may also increase in the future.

Casino token have been guarantee depending with how long casino have been working, but not all trusted and experience casino launching their token. Safety when staking with casino token than new token launching however with higher APY reward giving, keep better stake token from casino if have listed several exchange market, if listed on one or two exchange market not priority how to stake. Casino token usually interested with their casino only not include investor or gambler bet with casino token when playing casino or sport gambling.

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Most casino tokens are just chest coins in the marke6, and their price is not meeting up to market standard and their trading volume dropping rapidly, but we still have a few who is increasingly growing in the market with multiple exchanges.

There is no need to rush for trading volume as this was mostly rewards , but of course it is an important material if you are a regular player of the said site because the more token to accumulate is the more playing time you can spend on them.
and this is also for long term purposes , because like those new sites that attracting players once they meet the momentum then the more chances of those investors and holders to take their piece of cake from their support and trust to that said gambling site.

Quote from: Adbitco on October 17, 2022, 04:33:13 PM

Quote from: makishart on October 14, 2022, 05:15:12 AM

So do we say is actually the cause of the token decreasing in price or what?
Is of a true most of the holders are only for a dividend but also know that since no much transactions or investors who keeps buying and holding the token there is no much impact, everyone seems to hold and the use of it to gamble in their site wasn't that preferable instead most people using BTC and altcoin.

those who invest in that said token are more likely to use those to bet, because it is an advantage in their part.

ethereumhunter

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Quote from: coin-investor on October 17, 2022, 05:19:37 PM

Quote from: Adbitco on October 17, 2022, 04:33:13 PM

Quote from: makishart on October 14, 2022, 05:15:12 AM

So do we say is actually the cause of the token decreasing in price or what?
Is of a true most of the holders are only for a dividend but also know that since no much transactions or investors who keeps buying and holding the token there is no much impact, everyone seems to hold and the use of it to gamble in their site wasn't that preferable instead most people using BTC and altcoin.

I don't have a problem with my casino-based token decreasing because it will eventually regain its price I am monitoring the price and even if the price is decreasing the price recovers, of the casino-based token I'm holding just launch the Owl token staking pool where you'll get a whopping 78.63 % APR I put it 10,000 Owl token so far I'm happy with the Owl token I'm getting so si the other casino based token I'm staking in BETFURY casino.

Staking some of the casino tokens for rewards while waiting for the price to go up is good advice, especially if you can have a large amount. At least that amount will increase by betting on the casino so that the casino may provide other rewards for the holders besides just gambling.

But these casino tokens still compete with others, especially for fellow casino tokens. And based on the link provided by @fathafraink, the FUN token has the largest marketcap but this is no guarantee that the FUN token will continue to lead in the casino token market because other casino tokens may also increase in the future.

Lanatsa

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Quote from: coin-investor on October 17, 2022, 05:19:37 PM

Quote from: Adbitco on October 17, 2022, 04:33:13 PM

Quote from: makishart on October 14, 2022, 05:15:12 AM

So do we say is actually the cause of the token decreasing in price or what?
Is of a true most of the holders are only for a dividend but also know that since no much transactions or investors who keeps buying and holding the token there is no much impact, everyone seems to hold and the use of it to gamble in their site wasn't that preferable instead most people using BTC and altcoin.

I don't have a problem with my casino-based token decreasing because it will eventually regain its price I am monitoring the price and even if the price is decreasing the price recovers, of the casino-based token I'm holding just launch the Owl token staking pool where you'll get a whopping 78.63 % APR I put it 10,000 Owl token so far I'm happy with the Owl token I'm getting so si the other casino based token I'm staking in BETFURY casino.

All matters on someones preference because not all doesnt really like on how these tokens been moving but if you are staking it and getting that 78% APR then good for you.OWLgames is someone popular on this

forum which i do believe that it do really make out influence in regarding with those token demands but on general speaking about performance then it would really be basing
on Bitcoin/Market trend or demand from those investors as always.
These are common reasons which people should really be that keep on eye on but well its our money then its our personal choice on what we do really look or invest on.

coin-investor

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Quote from: Adbitco on October 17, 2022, 04:33:13 PM

Quote from: makishart on October 14, 2022, 05:15:12 AM

So do we say is actually the cause of the token decreasing in price or what?
Is of a true most of the holders are only for a dividend but also know that since no much transactions or investors who keeps buying and holding the token there is no much impact, everyone seems to hold and the use of it to gamble in their site wasn't that preferable instead most people using BTC and altcoin.

I don't have a problem with my casino-based token decreasing because it will eventually regain its price I am monitoring the price and even if the price is decreasing the price recovers, of the casino-based token I'm holding just launch the Owl token staking pool where you'll get a whopping 78.63 % APR I put it 10,000 Owl token so far I'm happy with the Owl token I'm getting so si the other casino based token I'm staking in BETFURY casino.

Adbitco

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Quote from: makishart on October 14, 2022, 05:15:12 AM

So do we say is actually the cause of the token decreasing in price or what?
Is of a true most of the holders are only for a dividend but also know that since no much transactions or investors who keeps buying and holding the token there is no much impact, everyone seems to hold and the use of it to gamble in their site wasn't that preferable instead most people using BTC and altcoin.

coolcoinz

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Quote from: STT on October 17, 2022, 10:01:19 AM

They are worth it if you get some benefits from holding the token and especially use that gambling site anyway. Gambling has been a major revenue source to crypto for some time for that reason I'd say this particular flavor of alt coin has a greater base to grow from then most ideas but of course be cautious in your research.

I think they aren't worth holding. If you can get some benefits from gambling with these tokens or you get them as a reward of some sort, a bonus, or for a signature campaign you can keep them, but I wouldn't treat them like a long term investments. There are much better and safer coins for that, starting with bitcoin.
For instance if you bought OWL early this year you're down 60%. To do the same with bitcoin you'd have to buy months earlier in the bear season.

Jemzx00

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Quote from: STT on October 17, 2022, 10:01:19 AM

They are worth it if you get some benefits from holding the token and especially use that gambling site anyway. Gambling has been a major revenue source to crypto for some time for that reason I'd say this particular flavor of alt coin has a greater base to grow from then most ideas but of course be cautious in your research.

Most of the benefits that these tokens provide are mainly from the gambling platform they represent on which is why these tokens are a must buy if you're casino has one. AFAIK, these casinos offer greater bonuses, promotions and much more services to those who hold their tokens rather than those who just regularly gamble on their platform. If your main goal for buying these tokens are for trading purposes, I suggest that you wait for future updates from these platforms to see any movement on their value as these tokens are likely to be stable compared to other tokens that aren't gambling related.

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Quote from: MainIbem on October 10, 2022, 12:25:47 PM

Well you can choose to invest in casino token, most of them directly follows the bitcoin movements they are seen as an altcoin so no changes compared with other crypto token out there. Maybe you can read around the forum I suggest much discussion have taken place already.
But investment, bitcoin will be more preferable since all altcoin depends on the movement and can easily bounce back within short period of time.

Nowadays, casinos create their own gambling tokens which will be very helpful so you can continue to gamble and becomes more convenient in playing their gambling games with the use of gambling tokens. However, these tokens are completely different from crypto tokens like bitcoin and ethereum as they can be potential investments for long term that can give financial gains, while for gambling tokens they can only be useful in that certain game and certain period of time and do not guarantee profits at all.

coinerer

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Quote from: gantez on October 16, 2022, 02:19:18 PM

Quote from: coinerer on October 16, 2022, 03:38:26 AM

Gambling tokens never work like other altcoins and bitcoins and can never do anything as good as them because gambling platform tokens are mostly used for gambling or some other purpose so they don't have much effect on the market and if someone invests in them If they do, they can't make much profit . So Gambling Token can never be compared with other altcoins and bitcoins

Sure they are only made for the purpose of gambling and not for the real focus of hodling a longtime for volume trade and to be utilized in the crypto world. The site specifically build such game tokens for convenient not based on longtime asset as we see in bitcoin, binance, etheruem and other crypto currency too. This is just for the game not for real crypto experience.

Gambling token are maked for gamble but many gambling platform also make there own token for doing a batter place on crypto market if they can get a good position for there token on market and gain a high marketcap then it will work as another great marketing for that gambling platforms .so every platform make there own token for there own purpose

Topic: How is the performance of gambling tokens compare to other altcoins and btc (Read 857 times)