When we see what happened with FTT and Luna, we know that there is risk in every altcoin investment and no investment in 100% safe.
So we have two options with us, either stop investing in crypto (which is not wise) or do investment in coins that have some better use case as compared to others.
If at any time any platform like Owl games or betfury stops its operations, their coins may lose value and dump hard but we can still divide our investment in both of these coins and hope anything bad does not happen. Also since our investment will be in multiple coins, if there is a scam in any one coin, the rest of the coins will still give us a good profit in the next bull season.
All cryptos have a risk including btc but ftt and luna are simply just a scam because their developers are greedy. They are the ones that we must avoid by the time we did our research although there are times that we can trust a coin because they have clean records and everything is fine on them according to our criteria.
Well, we should only monitor them actively and always watch their news and movements. When you notice that there is something wrong on how they move. I think that is a red flag already. You know what to do next. We can stop investing in crypto and choose other investment assets that we think are much safer or stable than them. There are lots of options though.
Throughout this crypto path we must understand something, the only thing that is good is Bitcoin, there is no other safe currency, because I do not trust ETH because ETH played the game that Vitalk Buterin made was very ugly, and I think everything it is based on the power of decision to what he wants, this is something that I do not share at all because everything in crypto should be free and without any type of control, otherwise nothing would make sense, in the case of tokens only I look at the circulation and the amount of tokens there are, if I see that there are too many tokens, it is very difficult for them to increase in price, but based on the fact that they are inside a casino, things can be different, with the exception that a casino is much more serious and there may be more guarantees.
I agree with the part of bitcoin being the best currency, about ETH, we have to take into account that anyone is free to create their altcoin and when that person creates their altcoin they have the right to decide what they want with their altcoin , and when someone wants to buy that altcoin then the person must be aware that he is buying an altcoin that has an owner and that owner can decide everything and at any time and day. about casino token, honestly I would say that it is something very limited, because let's analyze the following: a casino accepts bitcoin and litecoin as a payment method, right? so why does this same casino need to create its token? what is the meaning of that? what purpose does this token serve? the only thing i see when a casino creates its token is only for the owner to make money with that token, because i don't see a future for that token
All holder will post everywhere they can if the token die out... It means same that the casino die out.
As for me - there are no difference between the casino token or the common token. We see the same strategies and the same manipulating. The market tells the truth and it says that no one interests this token.
Only time can tell whether the token will die and lose its popularity or whether it can survive in every condition. But with the many casinos that have been launched at this time, it proves that casino tokens might be able to survive and casinos tokens can provide additional benefits for investors. And if the casino tokens don't seem to be going up, market conditions haven't improved either and it still takes time to increase. So if the altcoin season starts coming, we will see the answer later.
No matter what condition of the market occur and if the casino will not take any action to convince people to invest with their token there's nothing gonna happen with it. But if they do aggressive marketing plus create more utility or usage unto it then most provably there's great things will happen in future. We need to understand that it will all based on demand so its really up to the casino performance on how they can influence more investor to put some money and believe on their tokens also on its potential.
and I ask myself: what use will the casino create for this token if the casino can accept bitcoin and other altcoins as a payment method in the casino? what would this token of them serve? I see no reason for these casino owners to be creating altcoins, it's pointless
