Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 12. (Read 8200 times)

Well here is something that we should all know, those people who entered these casinos and decided to make a good investment in these coins or tokens, should keep in mind that an investment takes time, and an investment is not an investment until benefits are obtained. . , and for this you must wait as long as necessary, of course this depends on the type of financial education that the person has, if a person decides to put their money there in a token, I knew that it would most likely drop in value, and that obviously when the price rises it would be very large, this taking into account the behavior of the tokens if they rise by 2x, 3x or similar, which is what everyone expects.
Well I have a very different perception or rather a little different from the others, for me the Bitcoin market is the market that dominates everything, and for now it could be said that it is in a range that tends to fall, but not that it is bearish as many say, for me it is in a re-accumulation zone, which of course remains almost at a "lateral" price level and each small movement between $19k-$19.8k can cause many tokens to go down , like some crypto, so this is something that should not take us by surprise, those who decide to put their money in one of these currencies or toekns have to be aware that it can easily go up or down a lot, so that is why they are told investment, because you must wait as long as necessary to take benefits.

It's a good idea if you have the money to start investing and know how to choose a good casino token. I'm sure casinos will try to protect against hacks and exploits by others in various ways.

If the casino tokens can indeed increase high in the next few months, that will be profitable for us. But unfortunately, in the current market situation, investors inevitably have to hold on to their casino tokens longer because the price has not been able to go up high. But luckily, casinos offer investors to stake their casino tokens so that it can provide other benefits for investors.

That's because of bear market many gambling token is dropping. The only thing that can do is to hold our assets and wait for the bullish. Risk is everywhere and if we want to gain profit we need to take a risk but this time we just limit our investment. Me also invest minimal of my capital to avoid big losses.

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.

Yeah, I think this is what killed most of the big gambling projects around that era and I would say I invest on some of them but I was able to get out and sold everything on time before fall.

I can't remember what exchange it though because it was like 2018, but I'm sure it's not Binance or any other top exchanges right now. And I agree that majority of them turn out to be just pure pump and dump, and I will say that others might turn out to be scam or their is no improvement on the project itself.

That reminds me of a project I was in and what you are saying happened by chance, the project began at a time when bitcoin was only worth about 6000-7000USD and the project had its currency very cheap and they gave some airdrops of great intensity, some came to have up to 2000 dollars in each Airdrop.

 That was something incredible, unfortunately I came in late, but that was not all, it was when bitcoin reached 20 thousand dollars and the currency that at that time was less than 1 dollar arrived at 20 dollars, there were new millionaires, but the bad thing was that they didn't put the currency in a good exchange and they killed the project because everyone was disappointed and gave it a big dump.

To take these tokens to the big stage, there is no other option but development. Listing on low volume exchanges will not benefit you but may create a worse reputation due to manipulators. Therefore, these projects should be regularly developed and take the project to such a level that it catches the attention of big investors. When big investors get involved by investing in a project, many difficult roads will become easier. And there are many reputable casinos in the market so if they force their customers to buy tokens then that will not bring good results either.

Development and proper marketing are very important to build a strong position in the market, and no matter how hard they try, it will be difficult to stop the dumping of these tokens.

But sometimes there are possibilities that traders manipulated the prices of the token. I think this is not time to put this kind of token in many exchanges like some other said the more the changes the more dumpsters coming but if its happen , the only best that can do is staking and wait the bull run comes.

Many casino's token are useful like Bfg and this is a one reason that why still in good condition. But we don't know after listed in many exchanges. Binance is very open about that and i Bfg also good website too.The only thing that we do is support the token that we want to gain more profit but dont forget staking for more bagging.

While big centralized exchanges will likely not give support to these tokens, still I believe that liquidity could be found within smaller exchanges and on Defi services.
The key for these tokens to survive the bear market is their respective casinos not to give up on them and continue to support them through the low prices, there will be people gambling during both bear and bull markets, so it is within the objectives of those casinos to give enough reasons to their gamblers to buy tokens.

Also, Exchanges like Binance have given support and listed tokens of dubious reputation in the past, if a famous/big enough casino decided to do business with Binance, they could manage to get their token listed.

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.

yes that's why many people throw tokens from these gambling sites because it may not be more profitable so they throw them cheap, I don't know much about the purpose of how OWL gambling sites make their tokens and how their tokens work for their own projects, but behind it all the current crypto market it has not fully recovered yet so it will take time for new gambling sites and new tokens to survive in this kind of situation , everyone will support this project OWL if they can maintain consistency in their token prices so as to give confidence to traders and investors who hold them

Every casino's have a good plan for their tokens that made thats why they need to keep searching even that token can be profitable or not. Bad market is a good signal to bagging some tokens that potentially good in the future. DYOR always before taking a risk in investing.

If you like investing in cryptocurrencies that have good long term potential then I think you should only consider bitcoin and some potential altcoin right now instead of gambling tokens. I don't know and never know what the real use of gambling tokens is apart from being useful for the platform as well as for trading. It might be worth it for platform users, but I don't think this gambling token is worth it for a long-term investment.

I don't hate that they exist, but it's definitely about investing in potentially good assets. Gambling tokens also fluctuate in the market, but the price may not be very profitable for their investors so the risk is great.

Following your sentiment, gambling token might really need a deeper analysis and research before an investor should take actions, though aside from waiting for the value to rise there are other ways to earn from the project, I mentioned it before that staking or other ways of collecting additional coin will attract some investors to risk their money.

But, the last statement of yours are also a fact news are not that impacting in terms of price movement, it is still difficult to make a huge run especially now that the market is still bearish.

You are right, the bear market has affected the entire cryptocurrency market and no token or coin has survived the bear trend till this day. And the worst affected are the altcoins who are highly volatile in the market and seeing that the owl token is one of such altcoins it becomes evident that the token will suffer the same market conditions as other coins. So it may take a long time now before the market can recover along with Bitcoin and other stronger coins 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 see your point and it's true that things will be depending on how the developers/casino owners will take care of their project, if they are aiming for more investors they needed to bring interest with their project to attract more people to invest and support the coin. If they will just rely with the business, it won't attract more people to engaged, though the chance is always equal to all project developers it will continue to depend with how the team will work it out and try to bring additional usages of their coin aside from an investing asset in terms of staking shares.

Though for those long-term followers who invested with casino, tokens are still believing that in time they will harvest a decent amount of profits.

No timeframe but just staying on-hold and keep collecting the staking rewards while waiting for the actual value to increase.
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The problem is actual value from the token was also very difficult to increase. I have been observing the gambling tokens that still exist in the market. These gambling tokens are so difficult to increase unlike another token. Even meme token has a better volatility compared with gambling token.

I personally think if people care about the capital gain and this would not become a good choice for sure. The price is quite stagnant and the volatility is also pretty low.

It may take years or more. I doubt if the price can increase easily. The news from gambling platforms rarely affecting the price of token too. This might become a bad choice to pick this as investment.

Still, this is a crypto token but again it depends on the utilities why people keep buying and holding these coins for me that's the perks buy I need to buy those coins but if you want to get more market volatility I guess it is good if you go for other coins to get a good profit. currently I'm holding too the OWL token because I know the potential of this coin so still at the end of the day it is good to make a background check or DYOR before making an investment to those coins.

Technically casinos wouldn't going bankrupt since the house always win due to house edge, so investing on casino tokens seems to be a good idea. But don't forget hack and exploit are inevitable, just like how centralized exchanges can collapse. To be honest, casino tokens are shitcoins and pointless due to no use cases on the real life except for gamblers who play on that's casino. I wouldn't buy and hold casino token for a long time, I'm just looking for the free token and sell it in the next few months.

It will depend on how well the casino performs because if the casino can't show what has been achieved and the next plan after getting it, maybe the token will not be able to stay in the market (if the token can enter the market list). If you already own or become a large holder of the token, you should still focus on increasing the number of tokens, especially if the token has the opportunity to grow in the future. That will give you an advantage and a good return on those casino tokens.