Investing in casino tokens is similar to investing in gaming tokens like AXS, ATLAS, or ILV. They can't be considered a long term investment and is only profitable during their hype. They are also centralized so there is no guarantee that they will survive for many years and if the company owning them shuts down, the token will be abandoned and its price will definitely lose value.
That's pretty much similar but the thing that makes it different is if gaming tokens have more utilities compared with the gambling tokens. Gaming token can be used to buy NFT that will give us daily profit if we are playing the game unlike gambling tokens that can be used to receive dividend only. These tokens are all depend with the hype in the market. As long as there will always be the hype and it will exist. Some gaming tokens have no users at all but they have price. Basically these are speculators who are still buying and holding tokens pretty much the same like gambling tokens which have been using by the people and speculators that's speculated the price of token for the future
Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 11. (Read 8231 times)
Investing in casino tokens is similar to investing in gaming tokens like AXS, ATLAS, or ILV. They can't be considered a long term investment and is only profitable during their hype. They are also centralized so there is no guarantee that they will survive for many years and if the company owning them shuts down, the token will be abandoned and its price will definitely lose value.
That's pretty much similar but the thing that makes it different is if gaming tokens have more utilities compared with the gambling tokens. Gaming token can be used to buy NFT that will give us daily profit if we are playing the game unlike gambling tokens that can be used to receive dividend only. These tokens are all depend with the hype in the market. As long as there will always be the hype and it will exist. Some gaming tokens have no users at all but they have price. Basically these are speculators who are still buying and holding tokens pretty much the same like gambling tokens which have been using by the people and speculators that's speculated the price of token for the future hero member
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Leading Crypto Sports Betting & Casino Platform
Yes, those who buy the token will think of using it as their investment in the future. But we must be careful to choose it as an investment because there is no guarantee that the coin token can increase. But I think casinos that have launched their casino tokens will provide full support for their tokens while continuing to strive to develop them into something useful for their members and investors. What is important about the casino token is that if it can provide benefits to the holder, many people will buy it and hold it or even stake it to receive other rewards.
Investors are always looking for good opportunities, so a casino can assure investors that they can offer the best and develop according to market demand. Only then it is possible to attract big investors.
But as easy as it is to say, it's harder to actually do it. Because there is a lot of competition in the market and there are many issues to be resolved to get listed on the big exchanges. There is no substitute for being listed on big exchanges to build a strong position.
Maybe as you said, the next problem is to think about how to face competition in the market because by listing it on the market, the casino token must be ready to compete with other coins or tokens. It's just a matter of time before that casino token gains a place in the market and if indeed the casino token is worth it, the casino token can compete with the others.
The casino token has limited use case if any since I can only see its for staking and getting revenue from the casino's profit. Nothing else was said for its use case though it can be used to bet on the casino. With that, the supply can really reduced until the casino owns them all.
But like any other coin in the bear market, all will be dumped. No casino token has become very popular in the forum but that BFG but even this also has limited use case which will have no demand for investors.
But if the bull market returns and almost all coins and tokens increase, the casino tokens may also increase. And it's also possible that more investors will join, especially if they are the potential profit from this casino token.
Investing in casino tokens is similar to investing in gaming tokens like AXS, ATLAS, or ILV. They can't be considered a long term investment and is only profitable during their hype. They are also centralized so there is no guarantee that they will survive for many years and if the company owning them shuts down, the token will be abandoned and its price will definitely lose value.
We should avoid investing in centralized tokens because there is no guarantee that the tokens will survive in a bear market, even the top 10 coins even experience a decline and there is no guarantee that they will rise once the market price recovers. Moreover, casino tokens that have a lower investment interest than other tokens will be very vulnerable to investment. 
The casino token has limited use case if any since I can only see its for staking and getting revenue from the casino's profit. Nothing else was said for its use case though it can be used to bet on the casino. With that, the supply can really reduced until the casino owns them all.
With limited use, no token can do anything big in the market. Trying to attract investors with staking is a very poor effort. No investor will invest real money in a dumping token just to get a fixed % interest. So in order to create real demand, every project should create the maximum ecosystem for the use of that token on gambling websites.
Yes, those who buy the token will think of using it as their investment in the future. But we must be careful to choose it as an investment because there is no guarantee that the coin token can increase. But I think casinos that have launched their casino tokens will provide full support for their tokens while continuing to strive to develop them into something useful for their members and investors. What is important about the casino token is that if it can provide benefits to the holder, many people will buy it and hold it or even stake it to receive other rewards.
Investors are always looking for good opportunities, so a casino can assure investors that they can offer the best and develop according to market demand. Only then it is possible to attract big investors.
But as easy as it is to say, it's harder to actually do it. Because there is a lot of competition in the market and there are many issues to be resolved to get listed on the big exchanges. There is no substitute for being listed on big exchanges to build a strong position.
Maybe as you said, the next problem is to think about how to face competition in the market because by listing it on the market, the casino token must be ready to compete with other coins or tokens. It's just a matter of time before that casino token gains a place in the market and if indeed the casino token is worth it, the casino token can compete with the others.
The casino token has limited use case if any since I can only see its for staking and getting revenue from the casino's profit. Nothing else was said for its use case though it can be used to bet on the casino. With that, the supply can really reduced until the casino owns them all.
But like any other coin in the bear market, all will be dumped. No casino token has become very popular in the forum but that BFG but even this also has limited use case which will have no demand for investors.
Personally, i never invest good amount of money in the Casino tokens, most of the time those tokens aren’t enough profitable. I'm invested on BFG at the early stage though i got profit a little bit, but mostly casino tokens are huge dumped because of crypto market is bearish, moreover i don’t think casino tokens will be profitable in the bull market instead of new or old top ranking and NFT based projects.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Yes, those who buy the token will think of using it as their investment in the future. But we must be careful to choose it as an investment because there is no guarantee that the coin token can increase. But I think casinos that have launched their casino tokens will provide full support for their tokens while continuing to strive to develop them into something useful for their members and investors. What is important about the casino token is that if it can provide benefits to the holder, many people will buy it and hold it or even stake it to receive other rewards.
Investors are always looking for good opportunities, so a casino can assure investors that they can offer the best and develop according to market demand. Only then it is possible to attract big investors.
But as easy as it is to say, it's harder to actually do it. Because there is a lot of competition in the market and there are many issues to be resolved to get listed on the big exchanges. There is no substitute for being listed on big exchanges to build a strong position.
Maybe as you said, the next problem is to think about how to face competition in the market because by listing it on the market, the casino token must be ready to compete with other coins or tokens. It's just a matter of time before that casino token gains a place in the market and if indeed the casino token is worth it, the casino token can compete with the others.
Yes, those who buy the token will think of using it as their investment in the future. But we must be careful to choose it as an investment because there is no guarantee that the coin token can increase. But I think casinos that have launched their casino tokens will provide full support for their tokens while continuing to strive to develop them into something useful for their members and investors. What is important about the casino token is that if it can provide benefits to the holder, many people will buy it and hold it or even stake it to receive other rewards.
Investors are always looking for good opportunities, so a casino can assure investors that they can offer the best and develop according to market demand. Only then it is possible to attract big investors.
But as easy as it is to say, it's harder to actually do it. Because there is a lot of competition in the market and there are many issues to be resolved to get listed on the big exchanges. There is no substitute for being listed on big exchanges to build a strong position.
I wouldn't say gambling sites token are not profitable. There are only a couple of gambling sites that have tokens that can be exchanged but in this bear market it is normal that their prices drop (everything is dropping). There is always a risk involved also, but I would invest a small % of my portfolio in gambling tokens.
I would like to say if gambling token is quite profitable but once it comes to the bearish trend and there's no thing that becomes profitable in the crypto except shorting the market. The drop was a common thing during the bearish market but the problem is how difficult to get the volume. Let's say that if the platforms have bunch of users but that's not even affecting the daily volume trade from the token. The tokens hodlers are sometimes feeling so difficult to liquid their assets to the market due to the liquidity problem. Investing small amounts of money is not giving you a huge risk caused by you lose a few percents from your money. I personally love the idea of a casino token with a HUUUUGE base, and there are not that many right now, but there are quite a lot of them with potential, so it will become great eventually.
What I see is that when investments are made in a type of token, what we expect is that if they are at 0.1USD or there, that when bitcoin rises, these tokens reach 1 dollar, and then sell, most of them people are looking for this type of business, and that is not bad, each person is looking for a way to play, trade to earn more and more money, this is something that cannot be denied, also if there are facilities like that it is something worthy and respectable, I know many friends who have invested like this and have gotten off very well, now they have houses and cars due to the good luck they had at that time.
I wouldn't say gambling sites token are not profitable. There are only a couple of gambling sites that have tokens that can be exchanged but in this bear market it is normal that their prices drop (everything is dropping). There is always a risk involved also, but I would invest a small % of my portfolio in gambling tokens.
I would like to say if gambling token is quite profitable but once it comes to the bearish trend and there's no thing that becomes profitable in the crypto except shorting the market. The drop was a common thing during the bearish market but the problem is how difficult to get the volume. Let's say that if the platforms have bunch of users but that's not even affecting the daily volume trade from the token. The tokens hodlers are sometimes feeling so difficult to liquid their assets to the market due to the liquidity problem. Investing small amounts of money is not giving you a huge risk caused by you lose a few percents from your money. I personally love the idea of a casino token with a HUUUUGE base, and there are not that many right now, but there are quite a lot of them with potential, so it will become great eventually.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
gambling token only survive if its gambling platform survive , demand come from its user and actually when it dumped user should buy it for cheap price. they used it as regular usage when gamble, so why should affraid with it. if we understand , gambling token was not for investment portofolio , so when ever it down or rise it have no influence to gamblers, except they hold it and hope could be another top cryptocurrencies. owl , moonbet could be example on how it dumped, as long as gambling platform user needed they will buy it no matter in bearish trend.
When you think these tokens are not an investment then why would gamblers go to buy these tokens? It is important to establish what benefits gamblers will get by just using these tokens within the gambling platform. No token demand is created overnight, it requires proper development and facilities for gamblers. At least I will not be interested in buying and using that token on any gambling platform when a token continues to be dumping. It is very difficult to achieve success until the right demand is created in the market.
OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthless
I wouldn't say gambling sites token are not profitable. There are only a couple of gambling sites that have tokens that can be exchanged but in this bear market it is normal that their prices drop (everything is dropping). There is always a risk involved also, but I would invest a small % of my portfolio in gambling tokens.
I think to be very honest, if you are looking for profitability here or in any other token, there will not be, unless Bitcoin becomes bullish, which is what everyone wants, but it is not known when it will happen, and the truth will happen, there is no doubt about that, for now it is best to see these toeknms as an investment, but Investment in the full version of his word, which means that he has to wait as long as necessary to take profits, and if the token goes down and you have the opportunity to continue buying cheaper, then you have to do it, this in the event that you decide to invest in a token, and I think that could be the thought of an investor, of course it should always be done monitoring is law.
And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!
OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthlessIt's true. I'm a casino token investor myself and the token had been distributed since 2019 but the price still didn't even touch $0.5 I rarely see the volume go more than $50. I don't see any demand despite the marketing done for it.
The benefit though is good, claiming revenue every day and betting the tokens sometimes makes me lucky. REceiving revenue from the casino is like stacking sats everyday.
Take time and analyze any possibilities. If you are good at waiting game, then it's till possible for you continue holding.
gambling token only survive if its gambling platform survive , demand come from its user and actually when it dumped user should buy it for cheap price. they used it as regular usage when gamble, so why should affraid with it. if we understand , gambling token was not for investment portofolio , so when ever it down or rise it have no influence to gamblers, except they hold it and hope could be another top cryptocurrencies. owl , moonbet could be example on how it dumped, as long as gambling platform user needed they will buy it no matter in bearish trend.
When you think these tokens are not an investment then why would gamblers go to buy these tokens? It is important to establish what benefits gamblers will get by just using these tokens within the gambling platform. No token demand is created overnight, it requires proper development and facilities for gamblers. At least I will not be interested in buying and using that token on any gambling platform when a token continues to be dumping. It is very difficult to achieve success until the right demand is created in the market.
And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!
OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthlessIt's true. I'm a casino token investor myself and the token had been distributed since 2019 but the price still didn't even touch $0.5 I rarely see the volume go more than $50. I don't see any demand despite the marketing done for it.
The benefit though is good, claiming revenue every day and betting the tokens sometimes makes me lucky. REceiving revenue from the casino is like stacking sats everyday.
OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthless
I wouldn't say gambling sites token are not profitable. There are only a couple of gambling sites that have tokens that can be exchanged but in this bear market it is normal that their prices drop (everything is dropping). There is always a risk involved also, but I would invest a small % of my portfolio in gambling tokens.
I think to be very honest, if you are looking for profitability here or in any other token, there will not be, unless Bitcoin becomes bullish, which is what everyone wants, but it is not known when it will happen, and the truth will happen, there is no doubt about that, for now it is best to see these toeknms as an investment, but Investment in the full version of his word, which means that he has to wait as long as necessary to take profits, and if the token goes down and you have the opportunity to continue buying cheaper, then you have to do it, this in the event that you decide to invest in a token, and I think that could be the thought of an investor, of course it should always be done monitoring is law.
OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthless
In a bear market where it is becoming difficult for solid top coins to survive, it is conceivable that such tokens will continue to be dumped. Gambling tokens have yet to make the impact in the market that big investors would be interested in investing in. These tokens cannot make any impact until they are listed on the big exchanges. And on the other hand, the big exchanges will not be too keen to list these tokens as gambling is involved.
If you hold and stake some casino tokens you get daily payouts. If the price of a token fell down pretty hard it can be interesting for purchasing, more staked tokens = higher payouts! As I said before, investing in casino tokens will get you some amount of tokens, but with the same amount of money, you can try to wager in the casino and "earn" a lot more tokens. Of course, always have in mind it's gambling, you can also get busted if you are unlucky or you don't know how to wager not to chase for profit!
OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthless
I wouldn't say gambling sites token are not profitable. There are only a couple of gambling sites that have tokens that can be exchanged but in this bear market it is normal that their prices drop (everything is dropping). There is always a risk involved also, but I would invest a small % of my portfolio in gambling tokens.
OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthless
In a bear market where it is becoming difficult for solid top coins to survive, it is conceivable that such tokens will continue to be dumped. Gambling tokens have yet to make the impact in the market that big investors would be interested in investing in. These tokens cannot make any impact until they are listed on the big exchanges. And on the other hand, the big exchanges will not be too keen to list these tokens as gambling is involved.
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