Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 13. (Read 8200 times)

Has it been indeed, confirmed now that the price of bitcoin must soar high at every halving?, don't you think that believing this or having this kind of mindset is as the same as gambling?
I can not read it anywhere where it has been stated down as a rule that bull season comes at every Bitcoin halving, what if just as bitcoin halving is around tht corner and investors, believing there will be a bull run rush to buy this tokens, and halving started and ended with out a sign of bull season, what then happens?
(This is just my imagination).

I think the best time to invest on gambling tokens is when bear market is almost over like when BTC halving is around the corner but for now its very dangerous, it looks like we can see another -25% in BTC price soon and it will affect other coins more, gambling tokens and football tokens are so unsafe in this existing market.

Can be considered successful if the project still exist when the bull start to pump high, and basing from the past events those casino coins are still surviving and investors who bought during this bearish condition will expect decent profits once the market start to pump back, it's really a hard task since fears can't be remove each time we seen downfall. But for those who trusted and believing with those casino assets, they will just keep holding and wait till they reached the target selling point.

Well I can't complain about the BFG tokens at Betfury because they have given me good returns and when I play at the casino there are many chances of increasing the number of tokens, I am not a person who plays and bets a lot because I usually lose very quickly but I have seen that when I make very short bets I win, sometimes I do not bet a token at once but I bet 0.5 BFG tokens and thus I increase up to a maximum of 5 BFG tokens when I reach a bet of 5 tokens because I do not bet more because I can lose many, do not buy so many tokens so it hurts a little to lose them, I prefer to take care of the tokens and play with bitcoin or with the profitability that the tokens produce.

Some gambling coins have performed worst in the market most especially those that got exposed to bad exchange, but some are still performing well in the market and if you search closely you can find one or two casino tokens that are worth investing in right now. But then make sure you do a deep investigation about the token before you put your investment down because some of the casino tokens are as good as utility and not for long periods of investment they are more or less stable tokens used only in the casinos.

The price of the token increases only when the project is able to build a good position. BFG, OWL or TFS among the three which will be the more popular, better developed and the casino sites where users get all the benefits with the highest security, the token price will increase. Among the three BFG, OWL or TFS, the BFG token has quite a reputed while the remaining two projects are progressing quite well.

I actualy would not trust this sort of token, or at least I would not put my money on it. I have seen a lot of these tokens come and go and have already lost my time wig a few of them. This has all the ingredients of scam, as the percentages offered are way beyond reality. Before puting your money on any of these tokens you should do your own research

Here, a lot depends on the general state and prospects for the development of the entire cryptocurrency market.  
Of course, if BTC ever returns to the peak rate of $69K, then the rates of all tokens will certainly rise, and then such an investment can be considered successful.  
Of course, there are difficulties in that the tokens can increase in price less than the growth of the bitcoin rate.  But all the same, there will be an increase in rates and investment can be considered successful.  
But, of course, if the casino itself does not become bankrupt.  However, if there is an increase in the rates of cryptocurrencies, the likelihood of such bankruptcies is reduced.

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.

Bitcoin is too much of a big example, not only that gambling tokens are far away from it, but everything else is far away from it. I compare these with "ideas" of other projects. Like NFT is an idea, P2E was an idea, Metaverse was an idea, DeFi projects were ideas, basically these are all utilities and ideas of projects and now we have gambling just like that. When you compare them all, which one do you see at the top?

I can tell you easily that even though they pass each other at times, it's clear that they all get hype at some point, and then go down eventually and there is no reason to believe that one is better than the other, it all comes down to project.

The future actually depends on how good platforms developing the product. As far as i know if most of gambling tokens were dumping so hard due to the bearish trend and these tokens have small liquidity at this moment., That means if for me this token is not worthy to be considered as investment for now. The problem is when so many people were not even paying attention to the gambling tokens and the growth will be stagnant. I have been watching it. It seems like that there's no gambling token that was making a good growth.

Bitcoin is an established coin and already proven its worth. Even the market is in bearish it doesnt plunged drastically unlike other coins. Casino tokens are different and has their own uses particularly in its casino's ecosystem. There's a benefit holding a casino token if you're a gambler (like the staking opportunity of BFG), thus it's not a bad decision if you think or believe that it's worthy also to invest in casino tokens. We are still in bearish season and the coins are declining, we have a choice now on what we think is the best choice that can likely bring profit to us in the future.

It is that the chances of Bitcoin dying are very low, I would say that they are very scarce, but everything in this life is possible, so it cannot be said that it is impossible, but if we put it in the way that Bitcoin sustains many economies, so much so that I dare to say that a large part of a country like El Salvador also depends on the movements of Bitcoin, and that its president has gone through terrible times, has been heavily criticized, that is something that we could say that at this time It is happening, but by the time Bitcoin takes a bullish trend, with probably a new ATH, then Bukele will be a genius, so for now and for a long time it is unlikely that bitcoin will die.

A token is a token, tokens, altcoins will always fall into the same category for me, because Bitcoin has its own life, so this is something that represents the entire crypto world, there are many things when we are newbies, ideally It is that you start knowing bitcoin and as a second option any other crypto, because sometimes it happens like it happened to me, I entered a project of a currency where they said it would be 'bigger than BTC itself, so this type of project has this type of peculiarities, and knowledge usually comes late, if it is not because one begins to read, to investigate to know something about the charts, anyone at this time can think that any token or coin will be bigger than BTC and that is a conceptual error, since the King is Bitcoin.

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If we put the following scenario into context: If we have that Bitcoin rose to $100k, those who had BTC would automatically be millionaires, but those who have had BFG, OWL tokens, how much do you think they will do 1x, 2x, or Xx? because if this is what any investor expects when they make purchases of Tokens, none wait for it to rise and see it high, investors know that if the price rises they will make some withdrawals in profits, if this is so, how much do they think that can you climb? taking into account all the events of each casino, of everything they have had to do to keep their native tokens.

It is true that bitcoin has lasted long already and no one can accurately predict the future . You asked what if bitcoin is delisted someday. It is possible but even if it will happen, there will be enough wave and turbulence in the whole industry to the understanding of everyone.

In a community, if the King dies, every member of the community will be aware and there would be massive mourning. But if an ordinary citizen dies no many people will be aware. If bitcoin is to die, it will not die like some coins which will die immediately the developer team shut their computer.

I can't imagine what would happen to those casino tokens if they were all listed on the major exchanges because they could get more attention from traders, especially investors. There is a possibility that the price will immediately jump because the major exchanges will often get pumps from traders or investors. But at the very least, the price can get the best if it can be listed on the major exchanges. So we'd better wait for the updates of each of those casino projects and hope they all get a spot on the major exchanges.

It is as they say, I bought the BFG tokens because they produce many benefits for me, but I also have something in mind, if Bitcoin is not sold and we have it, it is not something that can generate other cryptocurrencies, but what Bitcoin generates is something much more ambitious , it is more money, because the more time bitcoin passes, the more it will be valued, for me this is something that will not change and will have more impact, that is why the Hodl is so much touted, for me the BFG is a token that has a lot future, but I don't know how its performance will be in the long term, I don't know if it will die or stay, for me it is uncertain, which cannot be compared with bitcoin that everything will be better for those who have it.

Gather if you could really bare up the risk because it doesnt always end up on being positive.If they do have plans on getting listed on Binance or other big platforms then its good that they do have that kind of plans
but it doesnt still ensure that it would really happen in the future but at least you are really hoping in something. Patience is indeed one of the biggest issue that we would really have.
If you do choose up something on which you would really be investing then it would be normal that you would really be having that kind of emotion handling and patience.
Risk taking is normal for casino tokens and its up on someones choice as always.

While you are right, we also just need to be patient and not a lot of people are good in that. I think we all want that Betfury will list their token on major exchanges as Binance or Kucoin, Bittrex, ... but it takes a while so in the mean we just need to gather some more BFG tokens  .

The next coming bull run might give some light to all those investors who bought their assets during the heavy downfall, crypto industry will bounce back and all those tokens and coins that are still surviving might experienced good bounce up, and like what you said there's no assurance but a hope we might see all these casino tokens to also experienced good bounce and provide a good amount of profits to all those who believe and support the project.

Waiting game for investors who understand the concepts and are willing to wait for a big market pump.

Nothing is sure, but the chance is always possible when the project developers continue to work with their coin.

Most of these tokens were created during the bear run, which is why we haven't seen their full potential just yet. We need to wait to see a bull run and how they will do during that bull run. You are saying they do not go up much during bull run but we haven't had a proper bull run (like we break over ATH) since these were created, so I am not expecting them to stay the same level during that period.

I am not claiming that they are going to be fine or anything like that, all I am saying is that it is not going to be that easy for us to see if they will do well or not, we need to wait and we are going to do a lot better in the long run for sure.