How is the performance of gambling tokens compare to other altcoins and btc - page 6.

serjent05

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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?

In my personal opinion, investing in casino tokens is somehow on the borderline. There had been some projects before but they seemed to fail. It really depends on the Casino's performance since some casino do really have a good marketing strategy and some casinos that are performing so-so. I think the speculation isn't different from those ordinary tokens but the advantage of gambling tokens is that they have utility on the gambling casino they are integrated with. So better to do your own research and see it yourself if the gambling token is worth investing.

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

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. ??

The performance of gambling tokens is dependent on the revenue of the casino though they are also affected by speculation, they do not follow BTC movement because they have already utility and that utility dictates the performance of the gambling tokens.

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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. ??

I have two gambling tokens and so far I'm good with both tokens these tokens have staking features and I'm staking both tokens at the same time playing on both I already made a profit from both tokens because I got a hold of them on a much lower price, both tokens are doing good in the market and both of their platforms are competitive in the gambling industry compared to new altcoins in the market it worth investing in these tokens but I would not say that its a better investment than Bitcoin or other fully established coins in the market, it's just worth adding to your portfolio.

khaled0111

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Casino tokens usually don't follow btc movements like most other tokens do. Their prices are affected by other factors.
Most of those tokens have a small marketcap and it's the team or owners who decide whether to move the price up or down.
When the prices go up too high, they increase the supply by minting as many new tokens as needed to reduce the prices. When the prices start falling, they limit the supply by burning some tokens or through buyback.
But all of this wouldn't be possible if there is no demand on the token in first place.

Odusko

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Ops can you mention any gambling tokens that has performed extremely well in the market?

I use to hear of some of the gambling tokens such as the owl token that was performing great with its stable price for some time until the token get listed on a new ter of exchange and since then the volume has gone down.
So I think no gambling token has performed well since the hype in casino tokens began alongside the IEO hype, their all died a natural death.

TimeTeller

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Quote from: Piesel on October 10, 2022, 12:40:52 PM

Take casino tokens as a utility tokens, that is to say, their best used for payment on the platform and use to play some games if there come with bonuses. The advantage of using casino tokens over others is the fact that if you bet are. made in some of the casinos using their tokens you may earn special rewards in bonuses.

Aside from that most casino tokens are not too good for investments, most especially for long-term investments.

And this is why casino tokens are valuable to gamblers but not to all crypto users.
But if you talk about regular crypto users who are not into gambling, I guess, they won't prefer to buy this type of token.
So if you compare casino tokens let's say with btc, more than likely, a crypto user will choose btc no doubt.
And with other alts, like top alts, most likely, they will choose top alts. It means, casino tokens have specific uses for gamblers.
But when it comes to the large population of crypto users, they won't choose casino token for investments.
As for performance, you've seen that even popular casinos having their own tokens (freebitco, betfury), just to name a few,
they are also having challenging times marketing their token and so the price is not all the while increasing.

Piesel

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Take casino tokens as a utility tokens, that is to say, their best used for payment on the platform and use to play some games if there come with bonuses. The advantage of using casino tokens over others is the fact that if you bet are. made in some of the casinos using their tokens you may earn special rewards in bonuses.

Aside from that most casino tokens are not too good for investments, most especially for long-term investments.

RapTarX

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That will be a waste of money; it's unlikely to get a good return, while you are taking the maximum risk. If you investigate few ICOs with casino, you will find most of them as dead. With very limited use case, there's no altcoin can grow bigger. You must consider all before you get in the bus.

seoincorporation

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Te problem about tokens is the centralization, usually the tokens creators hold a big piece of the cake, and if they decide to sell their holdings, then the token will crash and the creators will walk away with the investors money.

And another important point to focus is the token volatility is bigger than the Altcoins, so, in the moment that you purchase the token you are already gambling.

That's why i prefer the Altcoins gambling than the tokens gambling.

uneng

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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.

MainIbem

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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.

Wapfika

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Casino tokens doesn't follow BTC trend since its main feature is for reward. The token price is almost stable since gamblers that earn casino tokens through gambling sold there tokens to get back part of there losses. The only time this kind of tokens will pump is when it has a major listing or when the emission rate for token minting is already low so that the total circulating supply will not be flooded.

I forgot to mention that casino tokens usually have token burn so it pumps even the market is bearish once the casino commence buy back for there token burn. I would say that casino token behaviour is far different from Bitcoin but it's still same profitable in the long run.

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This thread would be good to read which people are still discussing about: Investing in Casino tokens such as BFG, OWL or TFS

We suppose not to be repeating what we have talked about before not long ago which still have a thread people are discussing about. I saw the thread just on the first page of gambling board.

Z390

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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. ??

Topic: How is the performance of gambling tokens compare to other altcoins and btc - page 6. (Read 857 times)