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. 
Topic: How is the performance of gambling tokens compare to other altcoins and btc - page 5. (Read 808 times)
October 13, 2022, 06:27:32 AM
October 12, 2022, 03:03:56 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. ??
So far they are doing good I have Owldao tokens coming from Owldao signature campaign, and I do not regret holding them and staking them this is the pump on the price since their all-time high that was the time that I got hold of my token 332.9% and I also made a profit from staking my token in their pool, but it still depends on their platform if its generating support from the community, if it's worth holding these token I also have casino based token that failed to take off because of mismanagement, so when it comes to token its best to take a look on the platform and team's capability.
October 12, 2022, 02:30:18 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. ??
I only invested my money into FUN tokens on Freebitco.in and on Binance by staking at those two places so I think the returns are pretty decent too.As for the rest of the casino tokens, I haven't tried them so I don't know how they perform yet.
But I think casino tokens also have a chance to go up high, especially if the altcoin season comes again because maybe there will be some whales will pump up the price.
Such tokens will also follow the movement of BTC like other tokens and these casino tokens are also waiting for the right moment to start increasing.
October 12, 2022, 01:40:41 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. ??
there are several Gambling tokens that still in good running now , there are even some that made it to the top of making money from investors , but also it is hard to deny that coins nowadays or even in the past always rely in bitcoin movement , so yes there are still an effect from what bitcoin goes and what those token might come.but the main objective here is still one and that is to gamble so what ever it moves still will always favor to the gambling site.
October 11, 2022, 10:20:40 PM
There were more than a handful of this kind of utility token before. Surely, there are benefits in using these tokens but only in their specific platforms or ecosystems. Outside, these tokens are nothing but speculative coins. Although there are still some that are in active use until now, many of these tokens are short-lived. So I don't think investing money in these tokens is a wise idea. Just gamble with Bitcoin and other established altcoins. You're safer this way.
October 11, 2022, 01:47:55 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. ??
Invest in altcoins is always more risky than investing in btc... you can have a new coins that is a better version, or just a casino could scam....or worst these runs in centralized blockchain.... plus other issues linked directly to gambling world.
About performance of these coins lets take some examples:
https://coinmarketcap.com/currencies/betfury/
Launched in Aug 2021 was quoted at 0.031 usd // nowadays 0.01335 usd
0.0000007912 btc // 0.0000006969 btc
https://coinmarketcap.com/currencies/owldao/
Launched in Oct 2021 was quoted at 0.0063 usd // nowadays 0.01207 usd
0.0000001314 btc // 0.000000631 btc
https://coinmarketcap.com/currencies/tfs-token/
Launched in Dec 2021 was quoted at 0.006 usd // nowadays 0.005365 usd
0.0000000708 btc // 0.0000002806 btc
I am excluding some other coins that has just scammed (like betking coin).
Some coins had a good performance if compared to btc just because the price of btc was weak during this year. I don't know if the same could apply with btc pumping ....
October 11, 2022, 01:00:57 PM
I can see that few gambling websites have their own tokens,
Sure, many online gambling sites are releasing their own tokens, for example: Topic: CRYPTO CASINOS WITH STAKING FEATURE (THEIR OWN TOKEN), they follow the development of digital currency, behind it all, that's not all that is listed, there are many others, which are not listed there.is it advisable to invest money in such tokens?
Not forcing, if you want to invest, the choice is in your heart and mind, if you are sure why not, of course if in doubt back off, investing is the choice of each individual.Also how is the performance compared to other coins and BTC?
Do these tokens follow BTC movement like other tokens?
its performance is the same as other types of crypto in general, traded on the crypto market.Do these tokens follow BTC movement like other tokens?
Some of the experiences I have seen token/coin movement in the crypto market, many follow the direction of the Bitcoin flight clock, including gambling tokens, there are also the opposite, such as BULL coins, but not including gambling token types.
Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??
In terms of movement and decline have different understandings, the problem lies with the sellers and buyers, club tokens are moving, many may buy, gambling tokens may not be of much interest, bottom line: buyers/enthusiasts can decide whether the token is skyrocketing or not. 
October 11, 2022, 11:35:50 AM
Thanks for all your replies, now I understand that most gambling tokens lack real utilities, if they are been stable in a worse market condition like this it means that adoption rate is very low and the use case is not good enough, by the way I think having tokens make no sense, I don't know why they still do it.
They actually have the real utility. Token holders just expect too much on the price to pump while the token utility design is for rewarding players to play in the casino in exchange for the casino tokens as rakeback. The price of these token is highly dependent on the profit of the casino since token burn use the profit of the casino to buy back or decrease the supply just to increase the price. Usually casino tokens will experience stability if the casino has less activity so it’s important to invest on casino token that has a lot of players playing in the casino.
October 11, 2022, 12:17:46 PM
The performance of altcoins are better than gambling coins because they have better use cases and that's why the result from investing money on gambling tokens and coins can't be compare to other altcoins, for me there is no reason to buy a gambling token unless the developer introduces a better use case.
October 11, 2022, 11:09:30 AM
It’s very hard to market the gambling token as compared to normal altcoin and Bitcoin.Because the volatility of bitcoin and altcoin was huge compared to the gambling tokens.We know gambling is not a long term one.Any gambling website can shutdown on a month also.So the flow of gambling token in a market only with the gamblers and mostly not with the regular traders.
October 11, 2022, 10:57:44 AM
I have invested in FUN tokens before and earned extremely small profits through them since they behave like stablecoins majority of the time. It's not worth investing in gambling tokens if you ask me since there are way better alternatives out there.
I suggest investing in reliable crypto casino bankrolls instead since you will earn decent profits in the long-term as long as you are willing to be patient.
I suggest investing in reliable crypto casino bankrolls instead since you will earn decent profits in the long-term as long as you are willing to be patient.
Yes, I have not invested in fun tokens, I have only bought a small part of Betfury's BFG tokens but so far they have given small returns but in several cryptocurrencies, among them bitcoin, it does not seem bad to me, the BFG do not increase in price, It seems normal to me because no token so far I have seen that it increases, but it generates passive income, I think that it is a characteristic that can be used as a good thing to attract more players and clients, the BFG tokens move to that level and are also burned, but there are still many to give them movement, I think that is what makes it unable to acquire a really great value, and due to the market situation it is difficult for it to increase.
October 11, 2022, 10:54:13 AM
It's not advisable but this must be based on the result from your research. The performance from the gambling tokens is bad enough compared with another coins or even bitcoin. I just wanna remind you that if the gambling tokens never got big pump like what happened with common tokens or meme tokens in the market. I don't know why the whales are always discredit the gambling tokens. The volume relatively smalls even some tokens have zero volume at this time.
These tokens are not even following bitcoin but it was reflecting the performance from the platforms that issue the token. It's very sad to say about the truth if gambling tokens rarely got pumped like football tokens.
October 11, 2022, 10:18:43 AM
I have invested in FUN tokens before and earned extremely small profits through them since they behave like stablecoins majority of the time. It's not worth investing in gambling tokens if you ask me since there are way better alternatives out there.
I suggest investing in reliable crypto casino bankrolls instead since you will earn decent profits in the long-term as long as you are willing to be patient.
I suggest investing in reliable crypto casino bankrolls instead since you will earn decent profits in the long-term as long as you are willing to be patient.
October 11, 2022, 09:56:09 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. ??
I think gambling tokens are different and not the same as altcoins. Because of the gambling token based on my perspective and understanding, besides you can trade it on other exchanges, you can also play on the gambling platform that has it so you can gamble, it depends on you if it's just to pass the time for you to save or to grow of course there is money.
But I also think it is also possible that other gambling tokens follow or move based on the movement of bitcoin's price, this is just my opinion, I don't know about others.
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October 11, 2022, 02:00:25 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. ??
Investing in casino tokens or choosing other coins will depend on the results of your own analysis and considerations because everyone must have thought of everything before making a decision. If we look at the performance of each casino coin or token and compare it with other coins or BTC, it is very different because each coin or token will provide different benefits. But for the possibility of increasing, all coins and tokens on the market can increase, especially if a big pump is coming to the market, including casino tokens or sports club tokens. So before you decide, you better find out more about the projects so you can find out if it's worth doing or if it is better to choose another coin or token. 
October 11, 2022, 01:31:45 AM
Thanks for all your replies, now I understand that most gambling tokens lack real utilities, if they are been stable in a worse market condition like this it means that adoption rate is very low and the use case is not good enough, by the way I think having tokens make no sense, I don't know why they still do it.
It's hard to see them being used outside of their casinos. People mainly invest in them is just for the rewards and price appreciation, nothing else.
October 10, 2022, 06:31:44 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. ??
Having your own token might not be the option now for those casinos, because they started to innovate with NFT so I believe it's better to have your own NFTs than to have your own token, I've seen the success of NFTs with Rollbit and I believe that's a good update. Some site choose not to create their token though, because they know investors are not all gamblers. It's not advisable and not mandatory for a new gambling site, it's better to have more options when depositing than to focus on one token only. 
October 10, 2022, 06:25:32 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.
October 10, 2022, 05:59:38 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. ??
Read up the 1st comment on this thread which it would really be a good thread for your to look upon since its been discussing about gambling based tokens.Its up to you whether you would really be considering on investing with these tokens or not.When we do talk about performance then this is something we could really say that it would be always varying with the demand.Usually these tokens doesnt really correlate withBitcoins price or overall market trend.Checking out chart histories of the current existing casino tokens which they arent really that on a good condition or position if we do talk about value.
Its up to someones choice which if they could really bare out that certain risk or not.
October 10, 2022, 05:51:22 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. ??
^I don't think it is advisable if you are a pure gambler, not an investor. I have held casino tokens but I choose a casino that has a good reputation and I know it is unlikely to scam its users. The token casino is very risky, it is not advisable to hold it for a long time. I am still in favor of BTC and a few established altcoins to hold while gambling, it makes me comfortable that I know I am in a safe zone when it comes to price volatility.
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