How is the performance of gambling tokens compare to other altcoins and btc - page 4.

traderethereum

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Quote from: goaldigger on October 13, 2022, 04:29:36 PM

Most of the Gambling site I know didn’t have any token on their own, they mostly accept other cryptocurrency for a reason that many gamblers also prefer to be this way. I can’t even see top tokens that is under the management of any gambling site, I assume if there is their performance is not that good compare to other tokens. Whatever their reason not to have their own token, I still prefer that and maybe casinos are more focus on their promotions and marketing campaign to get more gamblers.

I think it's because today's casino sites are more concerned about how to make their customers satisfied with the service they will provide.
But I'm sure every casino must have a plan for how to develop their casino site so that it can get a good reputation.
And if they think launching their token will benefit their members, they definitely will.
I think every casino doesn't need to follow what other casinos are doing because each casino already has its own plan.

Adbitco

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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.

aioc

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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. ??

These casino based token have their own market and they have the support of their community based on the volume in the market, this kind of niche is new in the Cryptocurrency industry but the fact that these platforms have good support from the investors, but you cannot compare the performance of these tokens against Bitcoin, being new in the market, maybe in three years time we will see the potential of these tokens so far the staking percentage is great that's their strong point.

Daltonik

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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. ??

Tokens of online gambling platforms do not follow bitcoin, they mostly have limited functionality and their application is specific, they could be considered as a kind of stablecoin online casino, but this is also conditional. Many players are not traders and holders, their main goal is to get a win from the game, they are not interested in the development of this or that online casino token.

rhomelmabini

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Quote from: romero121 on October 13, 2022, 06:18:26 AM

Quote from: rhomelmabini on October 13, 2022, 05:53:21 AM

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. ??

Nothing is advisable on any speculative assets to be honest. Always will below performance compare to BTC and that's not surprising as well because if BTC goes down the alts hit more harder. I think they follow same trajectory when it's bull run but during the past year I think BTC outrun most of these alts on profit ratio. I think club tokens are just being hyped in the market but it's expected after that it will hit hard as well.

These gambling tokens are developed to be used within the site. Some of these tokens can be claimed regularly from the gambling site at regular time intervals. Some sites conduct wagering contests with their own tokens and prizes in the form of the tokens were distributed. These system keeps the tokens into circulation, other than this there is no big usage.

Some of the fan tokens are hyped whenever there takes place few football matches with the participation of the respective player. Maybe in the coming days we can experience some price pumping with those fan tokens as FIFA is scheduled.

That's expected but just a fair advice that everyone shouldn't get FOMO because at the very least they will hit hard that fast too. I think there's no need for tokenization on such gambling platforms but still they do.

goaldigger

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Most of the Gambling site I know didn’t have any token on their own, they mostly accept other cryptocurrency for a reason that many gamblers also prefer to be this way. I can’t even see top tokens that is under the management of any gambling site, I assume if there is their performance is not that good compare to other tokens. Whatever their reason not to have their own token, I still prefer that and maybe casinos are more focus on their promotions and marketing campaign to get more gamblers.

Baofeng

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I haven't heard any gambling token that are very successful in the last 4 years. So the obvious answer is that they can't match the performance of bitcoin and any other altcoins.

My speculation is that gamblers simply doesn't want to complicate things in their investment or gambling. We don't like to buy this gambling tokens just because the platform that we are playing are backing it up. We just want to used the regular btc, usdt or ethereum and any other when depositing and withdrawing, simply as that.

Johnyz

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I think other tokens that are designed for market volatility erform better than gambling tokens since most gambling tokens are up just to play games on the casino, but we also have some casinos took that are performing well in the market.

That’s their sole purpose, to be used on that specific site or maybe they also have promotions to have more bonuses once you use their token for gambling, aside from that there’s no other utility for them which I think is the reason why other tokens outperform the gambling token. The site can choose to have this though, but I can say that many still prefer the traditional coins/tokens where they can easily get on any exchanges, personally I prefer to gamble with LTC.

nakamura12

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Gambling token is very different from other token which the utility of the gambling token is not the same as the other token that has more uses. As far as I can see, gambling token mostly focus on where it is to be used. In other words, gambling token are specifically made for its gambling site. For example, I have a gambling site called iPlayForMe and the token is used for the site for whatever promos, events I planned to do it with but for sure that it will be used to reward the players.

erep

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Quote from: Fatunad on October 13, 2022, 03:43:16 PM

If we do talk about utility then it would be just common sense on where these coins are used which we know that gambling based tokens are just solely good to be used on certain platforms and theres no other
than that this is why it is really understandable on which one is really worth for you to invest on but there are people who do really make out considerations on buying these tokens for the sake of showing support
on the site.Well its their right and its their money then just let them be but if we do speak about performance and potential then it would really be that clear as day on which one does have
the potential or the chance for it to rise up in the future which i would be sticking with top altcoins and of course with Bitcoin.

Gambling tokens have limited utility regarding gambling base but if the casino platform is developing for new utilities like transfer of tokens between players on the platform without transaction fees or adding other useful utilities for users, so investing in gambling tokens requires special consideration because for me related to investment should review profit and loss factors, so I'm not interested in investing in gambling altcoins and still prioritize investing in top coins for the long term.

Fatunad

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I think other tokens that are designed for market volatility erform better than gambling tokens since most gambling tokens are up just to play games on the casino, but we also have some casinos took that are performing well in the market.

If we do talk about utility then it would be just common sense on where these coins are used which we know that gambling based tokens are just solely good to be used on certain platforms and theres no other
than that this is why it is really understandable on which one is really worth for you to invest on but there are people who do really make out considerations on buying these tokens for the sake of showing support
on the site.Well its their right and its their money then just let them be but if we do speak about performance and potential then it would really be that clear as day on which one does have
the potential or the chance for it to rise up in the future which i would be sticking with top altcoins and of course with Bitcoin.

Fivestar4everMVP

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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 the list of gambling tokens currently around, the only one I followed and monitored for a while was owl token from owl.games, If I must be honest with you, then I tell you plainly that I have not invested on any of this tokens owned by gambling casino, but If I were to invest in them, then the one I did invest in first would be owl token.
The owl team are working really hard to get their token to the top 100 on coinmarketcap, the casino is doing well, already, so I believe it's just a matter of time and they would achieve this goal.

dezoel

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There are gambling tokens who are known such as bfg, tfs, and owl but I can't say if they are advisable since I don really see that they are totally profitable and being talked about much as when compared to the common coins like bitcoin but you can always try to invest on them. Who knows? You might get lucky and they will pumped up one day and along with it is that their casinos are also going to be more successful. That should came first. For the question if they follow the btc movement.

I think they are since their values are also declining a bit and we all see how btc is performing lately. It's also not doing really well. Maybe these casino coins can also show a significant increase once btc recovers or once the bull run returns.

bitcampaign

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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. ??

some experience buying some football fan tokens, I experienced a loss so I didn't dare to invest in trading on fan tokens let alone tokens released from gambling sites, if given a choice I'd better trade on meme tokens, I only give advice not to approach gambling tokens and you need to learn from the experience of everyone here

abel1337

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Quote from: Solosanz on October 13, 2022, 08:21:49 AM

Well, top 10 coins didn't even can be compared to Bitcoin, now you're want to compare gambling tokens that can be easily get manipulated and it's created just for hype to Bitcoin? obviously not. The football tokens aren't officially created from the club, but it's created by unknown people who're a big fan of the club. This mean the unknown people can turn their project become scam if they want, there's no reason for me to invest on crap tokens.

I personally think that casino coins aren't big enough to be compared with other type of coins. Maybe there will be a time that casino coins will get it's spot in the market just like what happened to exchange and wallet coins last bull market. Football tokens that are created by unknown people will surely have no future and this type of coins becomes famous also last bull market and most of their investors are just degens who are aiming for quick profit in exchange of very big risk a head of them.

Solosanz

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Well, top 10 coins didn't even can be compared to Bitcoin, now you're want to compare gambling tokens that can be easily get manipulated and it's created just for hype to Bitcoin? obviously not. The football tokens aren't officially created from the club, but it's created by unknown people who're a big fan of the club. This mean the unknown people can turn their project become scam if they want, there's no reason for me to invest on crap tokens.

piebeyb

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So far, none of the tokens from gambling sites have been successful and big, as an example I know of, the bitdice tokens from gambling sites don't even seem to have value and are no longer tracked at CMC, many gambling sites have recently launched tokens offering dividends. but unfortunately it never achieved and they left their tokens in the end, token holders will get nothing by holding their tokens, so I was never interested in their tokens even the price dumps every time, so better avoid investing there

romero121

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Quote from: rhomelmabini on October 13, 2022, 05:53:21 AM

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. ??

Nothing is advisable on any speculative assets to be honest. Always will below performance compare to BTC and that's not surprising as well because if BTC goes down the alts hit more harder. I think they follow same trajectory when it's bull run but during the past year I think BTC outrun most of these alts on profit ratio. I think club tokens are just being hyped in the market but it's expected after that it will hit hard as well.

These gambling tokens are developed to be used within the site. Some of these tokens can be claimed regularly from the gambling site at regular time intervals. Some sites conduct wagering contests with their own tokens and prizes in the form of the tokens were distributed. These system keeps the tokens into circulation, other than this there is no big usage.

Some of the fan tokens are hyped whenever there takes place few football matches with the participation of the respective player. Maybe in the coming days we can experience some price pumping with those fan tokens as FIFA is scheduled.

rhomelmabini

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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. ??

Nothing is advisable on any speculative assets to be honest. Always will below performance compare to BTC and that's not surprising as well because if BTC goes down the alts hit more harder. I think they follow same trajectory when it's bull run but during the past year I think BTC outrun most of these alts on profit ratio. I think club tokens are just being hyped in the market but it's expected after that it will hit hard as well.

TravelMug

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Quote from: mak013 on October 13, 2022, 05:27:32 AM

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. ??

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.

Topic: How is the performance of gambling tokens compare to other altcoins and btc - page 4. (Read 857 times)