Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 10. (Read 8200 times)

All these altcoins and platforms that offer very high APY's are not sustainable and will either lower them dramatically or just become a scam . I prefer a "lower" APY like 50 or 60% but that you know is sustainable in the long term.

Staking is only good when the value is going up or does simply had the potential on rising up on the future plus staking does really have that small APY's but there are some altcoins and platforms do really offer those

huge and to good to be true apy which would really be giving out some doubts if its legit or not but overall its up to someone if they could bare out on the risk on holding their coins on a platform on a long
period of time.
Overall when it comes to investment then it would be depending on someone or preference since not all would really be  that confident.Some do pump and
some do die in the end which its always been hard to predict since from the start.

Staking will be so bad if the price was going even lower. This is the truth about the gambling tokens. Im sure that if people aware about the all time chart from whole of gambling tokens in the market. The difficult thing is to listing the gambling tokens into the centralized exchange site with good grade. I meant so many gambling tokens can be listed only in dex.

If you trust that they will survive this bear market then it is definitely wise to get as much as you can right now, so that you could profit later on. But only if you trust them enough. There are a lot of people like me who say that when the bull comes, other things at the top will go up, bitcoin will be 5x for example and eth could be as high as 10x, but will BFG go up? Will OWL? I am not sure about that at all.

This is why it’s a lot better if we could end up with nothing of the sort and instead focus on the fact that you could get paid with other coins and then buy those coins right now during the bear market. It’s not guaranteed though, maybe these will go up a lot too, I don't know.

Timing and being a risk taker, you always have that good opportunities but not everyone have that capabilities especially with casino tokens, some if not most of those who invested to this project are also gamblers who are taking advantage of the staking rewards, I like that analogy of yours in terms of potential and possibilities, it will always be a good ride when you take the bus in the right time.


That's part of the game, if you don't want to lose your investment in case that the value didn't pump that hard or if in case that it dumped a lot, the only thing to do is to hold and wait while earning from the rewards that the house is providing while holding the coin.

It will depend on their research results before deciding to invest in a casino site. And if the results give a positive signal, investors can join the casino site by buying the casino tokens and staking for a while, waiting for the casino token price increase. And if the casino tokens have not been able to increase in the short term, maybe investors should wait again and keep betting on their casino tokens to get more.

Some of them are just caught up with the hype and just new release in the market but it depends on the person how they will use the coin for example people holding these tokens came from casinos because of the benefits they get if they are active in playing casino and at the same time see the potential and opportunity of this coin to goes up it is a win-win situation for the player but if you are just an investor with the coin I guess it is not ideal currently right now the market is not too much give a good outcome the same with the economy.

That's what people always expecting that token based casino and also all altcoins that will provide high returns when buying them in a bear market and holding them until the bull market, but sometimes it's not as easy as expected because there are other factors that affect its increase during the bull market, because there are a lot of coins that also don't improve in the bullish period, the price goes up in USD but stays low in satoshi so if the goal is to make our BTC increase from investing in those tokens it doesn't work.

It seems like that he shall re watch the market again. The price of gambling tokens were very undervalued and they never had high price. In my opinion if bull or bear trend have no impact to the gambling tokens. Look at some gambling tokens. Their performance were still the same even they have been actively trading before the bullish trend happened. The bearish trend was making their performance even worst than before. i don't even expect a big return from gambling token.
A small return is enough. Doing scalping was also very risky caused by they have low volatility and liquidity that was preventing me to dump my token when i wanna try to scalping it. It seems like that the demand is pretty small atm.

If someone is targeting these gambling or casino tokens, the bear market is the best time to buy them because they're at the cheapest during this season.
They are designed for long term if the casino is very much popular and you can see the stability that it has got based on its situation and operation.
It's good to expand some budget on these tokens if you're decided and you want to have that part of diversification from these type of tokens. IMHO, I'd like to have a few of them but to enjoy the perks that it gives to its holders.

Not that unlikely, I remember a place called earnbet or something, and they were eosbet back in the day and they had their own token as well and they disappeared. Because, they cared more about the token than the casino and they got crashed because of it.

I keep saying that the power of the token comes from the casino, and if you focus on the casino then there won't be any situation where the token goes up, there are some of these examples that focus on the token way too much, if they keep doing that then you are going to see that the token will go down, they should work on the casino instead and that will automatically make the token better.

Investing in this tokens is not the matter, but the question should be, do they have utilities, for example, Fun tokens, I have tried investing in this token before, but I changed my mind after finding out there is no utility for the token, it is all about buying 2500 tokens to get some free bet or bonus on Freebitco, that's not utility, I don't know about now, because it's been like 4 or 5 months I last checked, maybe the casino would have added some utilities for their Fun token now, I will check that, but if it remains as it was before, I will never buy such a token.

Which of the gambling tokens is of high prices as of now?

Yes, the gambling tokens are worth investing but all of them are of cheap prices because of the bitcoin bear market. If we accumulate these tokens now, they can give us much more returns when the crypto bull market returns. I would say that invest an equal amount of money in BFG, OWL, TFS and FUN tokens. Currently, these gambling tokens are in high demand as their gambling platform is gaining popularity.

It may bounced again pretty much the same like moonbet. It was going downs so hard and then i managed to scalping it and make 4x times profti from what i have bought. The dump will always become an opportunity to stock up more tokens from the market. I think that people are worrying too much about. that's the beauty of market which everyone doesn't know about that. As long as volatility is good and fine.

Something that you needed to assess inside you, if you believe that crypto, Bitcoin in particular will rise back you must assume that this investment that you made will be moving together with the entire market, casino tokens are project that also aiming good growth when there's a good market run, though the decision making will remain in your own assessment and understanding, the fact that you did your research will give you some good overview if what will be the potential of your chosen assets.

All will be in your own decision making after doing your research and analyzing your judgements.

The casino tokens discussed in this topic all have a certain value for the players of the casino itself. 
Therefore, it is extremely unlikely that they will completely disappear and lose their value.  This is only possible if the casino itself goes bankrupt.  Due to this status of game tokens, I think, and price fluctuations for them are not as significant as for other tokens, among which 95% are outright scams.  But the general bull market in cryptocurrencies will also of course give an increase in the value of gaming tokens when it starts. 
I must say that we are all waiting for when all this will finally begin. 

All the ups and downs are part of life and the same goes with the Crypto markets as well. Don't need to get panic or get disheartened as things would get better soon. As for the OWL, I can say that they might have a good market reputation due to listing and advertising which have attracted many people and are still trending.

For tokens to appreciate, there are many factors.

1) Utilities. There need to have good usecases for the tokens, and not just a transaction of value. Staking or other financial utilities are easily found for these casino tokens.
2) Fixed supply/max supply reached. If the tokens have a limited supply and constant usage, most probably it will go up eventually.
3) Sustainability. Projects that usually sounds too good to be true usually don’t last, and project that has longevity usually pays the bare minimum. Having casino as the main profit eco system is a very good backing way to keep the payouts healthy
4) Constant Burning. Look out for the burnt address. the more the merrier.

Personally I like $BFG Betfury and $HUNNY Hunnyplay as it fits most of the criteria here. Keep Hodling Casino Tokens

Yes, everything also depends on the performance of the market in general, especially bitcoin, we know by pure inspection that the King of this is Bitcoin and it is the one that sets the direction of the market, what we can expect is that Bitcoin begins its trend bullish, which is quite difficult to determine, there are many factors to take into account, a living hope is what we currently have with this December, usually in Decembers the expectation grows for the market to grow in price, however not It is nothing certain, but let's see the scenario in 2018-2019, which in those Decembers the best was expected and nothing, but if this year Bitconi rises I am sure that these tokens will take a good bullish turn.


Well the fact is, we all know exactly that when Bitcoin goes into a bullish trend, all the tokens, absolutely all the altcoins have a tendency to rise in price, because they try to imitate the movement of Bitcoin, it is something that cannot be denied. , and also the crypto world works under the same principle, so I think that a person who decides to make an investment in these tokens, has to evaluate the money that he is willing to lose but not to win, and if he has enough patience to wait for the investment that I am going to make, I am only sure of something that will happen, and that is that bitcoin will rise, when? I don't know, but that movement will happen.

It is important to understand the very concept of any possible investment that you are trying to participate or support, though by experienced investors are really taking time to analyze and understand if there's really potential that you can gain once you place your money in the project you choose for investment, either gambling tokens or gaming projects as long as you know what you are following and you have that understanding to believe that it will bring decent,

You can proceed and take your chances. We never know which asset will pump or maybe everything will once the crypto industry regains strength and bull run creates new ATH.