How is the performance of gambling tokens compare to other altcoins and btc - page 3.

adzino

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Quote from: Z390 on October 10, 2022, 12:50:08 PM

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?

I don't think it is worth buying those "gambling" tokens. We don't hear much about those tokens nor do they have anything special to offer us. They are just some tokens made for their casino and are distributed among the gamblers. Not worth taking the risk in my opinion. Stick to bitcoin and regular altcoins if you are willing to take less risk.

Quote from: Z390 on October 10, 2022, 12:50:08 PM

Football club tokens surges when an upcoming big match is around the corner what about gambling tokens?

The tokens price goes up due to a hype. You never know when a hype ends, so you will only end up FOMOing in those tokens and eventually lose everything.

pawanjain

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Quote from: uneng on October 10, 2022, 01:28:51 PM

I'm familiar with FUN token and compared to bitcoin, it has maintained its price more stable recently. Before the crash which has defined the end of the bull run, FUN price was 30 satoshis, but now FUN price is at 38 satoshis. So it was definitely a good investment against btc. Everyone who bought FUN back then, can sell now for 7 satoshis profit per token (1 satoshi cut for fee). It's about 26% profit made swaping FUN and bitcoin. Not bad at all...

And there are many other gambling tokens disponible on crypto market, although I can't say anything consistent about them, because I'm not an adopter.

FUN token price during the bull run was around 80 - 90 satoshis and so if we compare the current price to that the price is around 60% down.
But then again the price of FUN was around 25 satoshis in the beginning of this year and the current price has indeed become more stable 38 satoshis.
So yeah those are some nice gains when compared to other coins/tokens.
FUN token is performing really well after the partnership with freebitco.in

Jemzx00

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Quote from: maydna on October 15, 2022, 06:11:13 AM

Quote from: Jemzx00 on October 14, 2022, 11:07:43 AM

Almost all altcoins follow through the price of Bitcoin as what we see on the market whenever bitcoin is down so other tokens out there, and it also affects them during the bull run of bitcoin where it pulls all the price of almost every crypto. Casino's tokens are also included on these crypto that are affected by bitcoin price volatility. However, each and every news and update that will cause the price change varies to every casino and project.

If we had known that all altcoins followed the bitcoin price, we would be careful to buy the coin, even if it was a casino token, and learn what the profit could be. But when the bitcoin bull run comes, it doesn't guarantee all the casino tokens can also increase because it will depend on the response of traders and investors. Maybe if there were more benefits for traders and investors, it could lift the price to a higher price level.

Once bitcoin will begin it's bullrun, there's a high possibility that all altcoins out there especially those that has an active trade paired with bitcoin will increase in value as well. It is not a guarantee to increase but it is highly possible once bitcoin bullruns. These can be also seen to those new tokens that started during the market bullrun as the price rapidly increase comparatively to major tokens out there.

Pandu Geddon

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I think tokens from gambling projects are no different from other cryptos. they also have quite high market fluctuations, this may also be related to the influence of the movement of BTC.

some tokens from gambling may have a different case. because the popularity of the platform will also affect the trading market community of their tokens.
Gambling projects like Moonbet that pay campaign participants with their tokens also have their strategy. Apart from marketing, it is also important to increase their market.

Peanutswar

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There's a similar thread right there afaik but well it depends on you because it those coins has the potential to rise up go for it but of course, that's the reason why people want to buy those coins because of the utilities or the perks of holding those coins like rewards and etc. it depends on the platform. If you want to secure more volatile in the market it is ideal to hold those coins already have a potential like the top 10 coins in the crypto market right now.

Scripture

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Quote from: ?? on ??

Tokens for gambling are better than meme tokens for me because they already have a clear utility, but when compared to btc or other top altcoins I think it depends on the popularity of the gambling site.

That could be a good comparison but still many prefer not to have their own token and just focus on their promotions and with the updates on their platform.
DOGE is a meme token as well but it is being accepted by many gambling site because it's cheap when it comes to the fees. Having your own token requires a lot of utilization to make it more valuable, so far I can't see any successful token that is connected with any gambling site.

Kakmakr

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All tokens and Crypto currencies are the same.... once they enter the casinos internal database.... then it is not being used as a token or a Crypto coin, but just as a entry on a database. The only time when you should be bothered with performance... should be when you deposit and when you withdraw... because you deal with the blockchains once it is outside of the casinos database.

My main thing is "utility" ..... you can have the best token, but if it has no utility.... then you cannot use it outside of the casino where you are using it. (It has to be listed on a popular exchange and there has to be trading volume for that token) Roll Eyes

Eternad

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Tokens for gambling are better than meme tokens for me because they already have a clear utility, but when compared to btc or other top altcoins I think it depends on the popularity of the gambling site.

Ofc, Meme coin is one of the shittiest coin because it has na utility besides giving a ponzinomics to its holder through staking. Only Doge has the real utility on this category because they there own blockchain and holders can use it as payment system. Casino tokens is almost can categorized as Security Token since the casino promised a return for its token holder in the form of buy backs and other casino incentives. STO is just still on gray area for regulation that’s why casino tokens choose to be categorized as utility token for less stress against regulators.

Wapfika

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Quote from: Adbitco on October 14, 2022, 04:50:30 AM

Most at times they surges as users keep using those gambling site, i mean the more popular those site becomes the more valuable their native currencies gets higher while most of them proportionally follows the direction of bitcoin, meaning if it get bull it follows and when dip it follows as well., do you know those gambling token can be regarded as altcoin.

When it comes to gambling token it is better to have this token if we really use their websitr. If we will only ise it to trade it may not be profitable that much than trading with other altcoins. Or it will still depend on our skills how to trade. But for me I will prefer to trade more Top altcoins and Bitcoin than my gambling token which I can use in casino that I played with.

makishart

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Quote from: ?? on ??

Tokens for gambling are better than meme tokens for me because they already have a clear utility, but when compared to btc or other top altcoins I think it depends on the popularity of the gambling site.

I can't say this true or not for sure. The only thing that makes it better compared with meme token is gambling tokens have a real platforms that can generate revenue but about the volatility and it seems like that gambling token didn't have good performance. It's pretty much the same like meme token. The only thing that must be noted if meme token can reach hundreds of millions USD valuation while gambling tokens were so difficult to reach 10 millions USD valuation which is making it looks like a horrible thing. I meant if you compare it based from the fundamental and yeah gambling token is a bit better but when you are seeing it from volatility and i just wanna say if that's not even better compared with meme token.

Eureka_07

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Quote from: seoincorporation on October 10, 2022, 01:29:34 PM

This is the token being centralized as general, but how about the case of token when it comes to crypto casinos? I bet there are a smaller hard cap compared to what we generally know on typical token projects. If someone can compare and contrast about these, I'll really be glad as I only have small idea on casino tokens.

rodskee

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Quote from: Z390 on October 10, 2022, 12:50:08 PM

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. ??

Never enter this investment if you don't understand gambling specially of what kind of gambling site are you going to invest because the more you push to profit is the more chances you may lose , but like BFG and other investing token in crypto gambling site? maybe there are small chance of failure being scammed because almost majority are legit though not profitable to the max that we wanted.

chaser15

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Quote from: Z390 on October 10, 2022, 12:50:08 PM

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. ??

Depends on what you mean by performance either by its price, demand, purpose, or use.

Generally, regardless of what token type, most are dependent on the trend that is started by Bitcoin. No token can withstand the volatility of bitcoin.

Try to see if those gambling tokens can also be pushed once the bitcoin price started an uptrend. It means it was being actively traded by most traders aside from being used as a utility token on that said gambling site.

BobK71

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There are many projects in the gambling world that are successfully operating their gambling business as well as generating their own tokens to cryptocurrencies. I would say that this has improved the gambling company. A gambler is gambling at the same time can buying tokens and expect good things through trading or holding. This token follows BTC as an altcoin. Holding a good gambling token in the long run has the potential to make huge profits.

maydna

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Quote from: Jemzx00 on October 14, 2022, 11:07:43 AM

Almost all altcoins follow through the price of Bitcoin as what we see on the market whenever bitcoin is down so other tokens out there, and it also affects them during the bull run of bitcoin where it pulls all the price of almost every crypto. Casino's tokens are also included on these crypto that are affected by bitcoin price volatility. However, each and every news and update that will cause the price change varies to every casino and project.

If we had known that all altcoins followed the bitcoin price, we would be careful to buy the coin, even if it was a casino token, and learn what the profit could be. But when the bitcoin bull run comes, it doesn't guarantee all the casino tokens can also increase because it will depend on the response of traders and investors. Maybe if there were more benefits for traders and investors, it could lift the price to a higher price level.

mak013

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Quote from: TravelMug on October 13, 2022, 06:43:08 AM

Quote from: mak013 on October 13, 2022, 06:27:32 AM

As for me - they are looks like other tokens. They were created to raise money and, may be, to attract attention of gamblers. There are usually some benefits to holders, without such benefits the tokens would be sold on the first pump. I think that it is possible to trade this tokens, but they are bad for investment.

Unfortunately, it is not the case, 2018, there have been a lot of tokens about gambling websites and sports, and we thought that it will do good. However, it is just pure hype though, I forget the name of some of the tokens I owned back then that literally went to nothing.

So if I would advise someone, I would rather invest on bitcoin and top 10 altcoins, just saying. Gambling platform that have their own tokens could be just hype in the beginning, just saying.

It is so. The main idea for tokens is to buy low, to sell high. I can`t say that it is good for investment, but for traders such coin much better than BTC. You can double your deposit for a week using such tokens - their volatility is huge. But the risks are high too. And one more problem is a volume of trading tokens. Possible that you can`t sell them. So i can recommend it only for experienced traders. For investment use BTC.

Jemzx00

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Quote from: coinerer on October 14, 2022, 06:52:49 AM

Quote from: Z390 on October 10, 2022, 12:50:08 PM

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. ??

Casino platform tokens don't depend much on bitcoin price but when bitcoin crashes a lot and crypto market starts to depreciate all its coins then it can have some effect on casino platform because they have trading pairs with bitcoin or other altcoins. So due to the market adjustment all the coins go down and then the casino platform tokens also go down in price which is a common thing but casino platform tokens go down relatively less than other platform tokens.

Almost all altcoins follow through the price of Bitcoin as what we see on the market whenever bitcoin is down so other tokens out there, and it also affects them during the bull run of bitcoin where it pulls all the price of almost every crypto. Casino's tokens are also included on these crypto that are affected by bitcoin price volatility. However, each and every news and update that will cause the price change varies to every casino and project.

passwordnow

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Quote from: Z390 on October 10, 2022, 12:50:08 PM

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens?

If you believe that casino token will be in demand or you're enjoying that casino and there are some benefits and merit upon purchase then you have some of it. Like having some free withdrawals, bonuses, and airdrops.

Quote from: Z390 on October 10, 2022, 12:50:08 PM

Also how is the performance compared to other coins and BTC?

Bitcoin is still the most in-demand crypto that's being used by most casinos. The tokens of casinos are only used on their own platforms.

Quote from: Z390 on October 10, 2022, 12:50:08 PM

Do these tokens follow BTC movement like other tokens?

Yes but also gets some huge portion of its own volume on its own market, supply, and demand.

Quote from: Z390 on October 10, 2022, 12:50:08 PM

Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

Likely, I've seen those tokens made through chiliz as it's the most used for fan tokens.

coinerer

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Quote from: Z390 on October 10, 2022, 12:50:08 PM

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. ??

Casino platform tokens don't depend much on bitcoin price but when bitcoin crashes a lot and crypto market starts to depreciate all its coins then it can have some effect on casino platform because they have trading pairs with bitcoin or other altcoins. So due to the market adjustment all the coins go down and then the casino platform tokens also go down in price which is a common thing but casino platform tokens go down relatively less than other platform tokens.

makishart

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Quote from: Adbitco on October 14, 2022, 04:50:30 AM

Most at times they surges as users keep using those gambling site, i mean the more popular those site becomes the more valuable their native currencies gets higher while most of them proportionally follows the direction of bitcoin, meaning if it get bull it follows and when dip it follows as well., do you know those gambling token can be regarded as altcoin.

that doesn't seem to be real. yeah people are still using the platforms but it doesn't mean if they were using the tokens to play in the platforms. The platforms were also accepting so many altcoins other than their own tokens. As far as i can see from the platform like owl, bfg, moonbet. These platforms have been using regularly but the price of tokens quite stagnant at this moment. Even OWL was dropping when another altcoin in the market was doing recovery. that means if people are not seeing gambling token as a potential asset to be considered as investment. They were seeing it as a way to get dividend from the platform but the dividend was also quite small and depends on how much tokens owned by holder

Topic: How is the performance of gambling tokens compare to other altcoins and btc - page 3. (Read 808 times)