Investing in Casino tokens such as BFG, OWL or TFS - page 14.

mak013

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Quote from: Peanutswar on October 05, 2022, 08:26:09 AM

Quote from: mak013 on October 05, 2022, 07:41:41 AM

Yes, we can get some additional benefits from holding tokens and increase our profit. But the price of tokens during this time may fall so much that we will lose money. I was in several such projects, never made a profit when I decided to hold tokens. Even looking at these 3 projects, only one of them has a higher price than it was at the start.

Thats why there's a reason why gambling casino offering their own coin at the same time because of the benefits that the user can get by holding in the long term if they really trust the platform of course there's a utility to make sure the players will really hold those coins still it is good if there's a market circulation with the coin they are offering and backup incase some people make a dump with their coins to prevent players getting fomo. Currently I'm holding some of them at the same time BTC hoping it will not makes a ride with the market volatility and bitcoin dominance.

I know these reasons but it means nothing if the price dumped. It is the same for all cryptocurrency projects - you can believe in project and hold tokens, but you can lose them too. The best choice is to return your money first of all and after it hold. And you have to sell tokens for it.

Quote from: CuriousGeorge on October 05, 2022, 11:46:11 AM

Quote from: mak013 on October 05, 2022, 07:41:41 AM

Yes, we can get some additional benefits from holding tokens and increase our profit. But the price of tokens during this time may fall so much that we will lose money. I was in several such projects, never made a profit when I decided to hold tokens. Even looking at these 3 projects, only one of them has a higher price than it was at the start.

You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.

I don`t need to imagine it, i was in such projects and lost money. There are different reasons for dump but anyway you lose money. Tokens being cerate to get money and tokens holders can get profit only selling it in right moment.

Unsoldier

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BFG Token has good reputation as a major platform in the gambling world in recent times. BetFury (BFG) is a leading social crypto casino platform. The platform has notable features and valuable products for users. Moreover, they are moving forward with the goal of further developing this platform. A gambler gets BFG tokens for every bet that is currently tradable on the exchanges and can also earn well from their web page through staking if they want.

Yes, you are right, but there is a small problem. Betfury users wait a very long time for BFG listed on a major cryptocurrency exchange. The token is traded, but the liquidity of BFG is low and there are very few exchanges to buy it. If this problem is solved, BFG will be a good investment.

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Quote from: Peanutswar on October 05, 2022, 10:49:45 PM

It depends how does the investor will use those coins because some of the coins like these have different utitiilies that's the reason why people keep holding the coins but of course it is all depends on the perks some people still goes to the market volatility and choose other coins to get a good profit, and most likely it is have a return higher than the annual percentage profit so people more likely decided to choose it than having the coins less volatile.

If I want to gamble and I see the coins that belong to a gambling site and the price is not that volatile, I may go for it. But if I want to invest for the next bull market, I will prefer to just invest in coins like bitcoin and other common ones like ether, litecoin etc

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Thinking about investment is not bad. coz no risk no gain. if you want to make money by any type of business you must accept risk and investment a capital of money. but if your business is crypto based then it will more risk on the other hand you will get more profit then another type of business . so it is not a matter where you invest your money . this is matter that how much risk you can accept and How experienced are you on crypto

But it is still depend on where you invest too. I will be a little different because my focus is not beyond cryptocurrencies. People decide to invest in one coin more than another. I can decide to invest in both bitcoin or a well know altcoin and also gambling site coin. If I do that, I will prefer to invest most on bitcoin while just very little on gambling site coins. I even checked the marketcap of some of the gambling site coins, I could not see it, which indicates how not well established they are yet.

makishart

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Quote from: Fredomago on September 28, 2022, 07:09:45 AM

A good understanding and an established trust will allow you to wait and patiently hold either you choose casino tokens or another alternative assets to invest your money.

Patient and holding always never be profitable . Because if we make a wrong decision without understanding and wait by investing in a scam token then it will not be good for us rather we will lose all our money. So we always need a proper analysis and proper decision to invest .

There are Bitcoin holders who are holding Bitcoin for years with tons of patience. How is it different than holding BFG for example that pays you interest as well?

All crypto trading and holding is risky including bitcoin . but if you can take entry in good time and sell when you get some profit it will be better then holding . holding can give you a big opportunity to get rich but it will not all the time. many time it is depend in your trading skill and many time it is depend in luck .

There's no free risk thing in the crypto. People called those major coins as safe risk investment caused by liquidity that can help them to leave from the market instantly. the only problem is it's very hard to determine which correct price to enter in the tokens with low volume. The majority of gambling tokens have low volume. Remember once someone with big chunk came to the market and he can create chaos by creating an instant dump.
This will be draining all of volumes in the market. Im not sure that you can always buy at bottom and sell at the top easily. Liquidity has been preventing it to happen. How hard selling big chunks of tokens.

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Quote from: AmoreJaz on October 05, 2022, 07:34:06 PM

Quote from: CuriousGeorge on October 05, 2022, 07:20:09 PM

Quote from: erep on October 05, 2022, 04:59:40 PM

Quote from: CuriousGeorge on October 05, 2022, 11:46:11 AM

You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.

If for the purpose of getting dividends then you have to consider the risk of holding gambling tokens because they are not stable tokens and gambling tokens are very low in volume so they can crash at any time, so hunting for profits from dividends is not effective compared to the impact of losses and is better for short term trading despite getting low profits.

Yeah but im sure dividend was not the main aim for people buying the gambling tokens. They need huge capital to get good amounts of dividend. The volatility is also affecting the capital and that's why owned of token will prefer to see the price to go up rather than going down drastically. The price of token is very important to the buyers. I think capital gain was the most important thing

investment in casino token is only favourable if you have other things in mind aside from the potential dividends that you will get. some casinos are offering other rewards or bonuses if you will use their tokens. but relying on dividends for potential profit, i believe, is not really worth it. as time goes by, most of these tokens decline its value. so even if you are earning more dividends, still the total amount you will get is low because of the decreasing value. unless, the casino is continuously growing and their token's price is also increasing its price in the market. but if you are just after for the dividends, you may end up regretting investing on this casino token.

It depends how does the investor will use those coins because some of the coins like these have different utitiilies that's the reason why people keep holding the coins but of course it is all depends on the perks some people still goes to the market volatility and choose other coins to get a good profit, and most likely it is have a return higher than the annual percentage profit so people more likely decided to choose it than having the coins less volatile.

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Quote from: delfastTions on October 05, 2022, 03:00:05 AM

To be honest, I don’t really imagine who an investor in gambling site tokens is. Apparently, these investments cannot be too large, because such an investment is super risky. And serious large investors who invest tens and hundreds of thousands of dollars are well able to calculate risks and profits. Therefore, such investors can only be small investors, investing a maximum of 1-2 thousand dollars. But it can't even be called an investment.
This is just a small private contribution.

Yes, such an investment is very risky because we don't know if the casino tokens can compete with other coins and tokens. Besides, casino tokens still need time to develop and are among the top coins for investment. But maybe the big investors who use a lot of money already have their own calculations to accept whatever will happen in the future. Even though the investment used is 1-2 thousand dollars, it is still big money even though they are big investors.

Quote from: mak013 on October 05, 2022, 07:41:41 AM

Yes, we can get some additional benefits from holding tokens and increase our profit. But the price of tokens during this time may fall so much that we will lose money. I was in several such projects, never made a profit when I decided to hold tokens. Even looking at these 3 projects, only one of them has a higher price than it was at the start.

Maybe it's because the market conditions haven't changed and are still under. Those of you who act as investors and others certainly hope that the token's price can increase one day and if the token can provide some additional benefits, maybe the price can increase later. So maybe what you can do right now is to keep holding on to the token while enjoying the benefits it brings to you and other investors.

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Quote from: CuriousGeorge on October 05, 2022, 07:20:09 PM

Quote from: erep on October 05, 2022, 04:59:40 PM

Quote from: CuriousGeorge on October 05, 2022, 11:46:11 AM

You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.

If for the purpose of getting dividends then you have to consider the risk of holding gambling tokens because they are not stable tokens and gambling tokens are very low in volume so they can crash at any time, so hunting for profits from dividends is not effective compared to the impact of losses and is better for short term trading despite getting low profits.

Yeah but im sure dividend was not the main aim for people buying the gambling tokens. They need huge capital to get good amounts of dividend. The volatility is also affecting the capital and that's why owned of token will prefer to see the price to go up rather than going down drastically. The price of token is very important to the buyers. I think capital gain was the most important thing

investment in casino token is only favourable if you have other things in mind aside from the potential dividends that you will get. some casinos are offering other rewards or bonuses if you will use their tokens. but relying on dividends for potential profit, i believe, is not really worth it. as time goes by, most of these tokens decline its value. so even if you are earning more dividends, still the total amount you will get is low because of the decreasing value. unless, the casino is continuously growing and their token's price is also increasing its price in the market. but if you are just after for the dividends, you may end up regretting investing on this casino token.

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Quote from: erep on October 05, 2022, 04:59:40 PM

Quote from: CuriousGeorge on October 05, 2022, 11:46:11 AM

You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.

If for the purpose of getting dividends then you have to consider the risk of holding gambling tokens because they are not stable tokens and gambling tokens are very low in volume so they can crash at any time, so hunting for profits from dividends is not effective compared to the impact of losses and is better for short term trading despite getting low profits.

Yeah but im sure dividend was not the main aim for people buying the gambling tokens. They need huge capital to get good amounts of dividend. The volatility is also affecting the capital and that's why owned of token will prefer to see the price to go up rather than going down drastically. The price of token is very important to the buyers. I think capital gain was the most important thing

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Quote from: erep on October 05, 2022, 04:59:40 PM

If for the purpose of getting dividends then you have to consider the risk of holding gambling tokens because they are not stable tokens and gambling tokens are very low in volume so they can crash at any time, so hunting for profits from dividends is not effective compared to the impact of losses and is better for short term trading despite getting low profits.

You will at least get more tokens with dividends instead of risking them to gamble. But if you are not a gambler but choose this way to make a profit, then of course you should consider price volatility in the long term. I don't know what the trading volume of these tokens is, but of course for a certain period of time they also have the opportunity to make a profit.

I haven't thought about going through with it and choosing one, but someone else may have considered it. After all, investing is an option and you shouldn't feel compelled to do it especially if it's not very convincing.

iv4n

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Quote from: erep on October 05, 2022, 04:59:40 PM

Quote from: CuriousGeorge on October 05, 2022, 11:46:11 AM

You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.

If for the purpose of getting dividends then you have to consider the risk of holding gambling tokens because they are not stable tokens and gambling tokens are very low in volume so they can crash at any time, so hunting for profits from dividends is not effective compared to the impact of losses and is better for short term trading despite getting low profits.

Curious George you are losing because it's not your night, it's gambling! In some casinos, you can "lose" the same amount and get nothing in return, with dividend-based casinos you will get at least something! I guess that you will think that you could wager more with that amount, you would have more tokens and your daily payouts would be higher, only if you played a bit smarter! Been there, done that! But the reality is if you have enough tokens for staking you can have some nice daily income, and that lasts for a while. Dividend-based casinos are practically new, with just a year or two behind, but some of them are still here and I think they will stay around.

erep

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Quote from: CuriousGeorge on October 05, 2022, 11:46:11 AM

You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.

If for the purpose of getting dividends then you have to consider the risk of holding gambling tokens because they are not stable tokens and gambling tokens are very low in volume so they can crash at any time, so hunting for profits from dividends is not effective compared to the impact of losses and is better for short term trading despite getting low profits.

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Quote from: Fredomago on September 28, 2022, 07:09:45 AM

A good understanding and an established trust will allow you to wait and patiently hold either you choose casino tokens or another alternative assets to invest your money.

Patient and holding always never be profitable . Because if we make a wrong decision without understanding and wait by investing in a scam token then it will not be good for us rather we will lose all our money. So we always need a proper analysis and proper decision to invest .

There are Bitcoin holders who are holding Bitcoin for years with tons of patience. How is it different than holding BFG for example that pays you interest as well?

All crypto trading and holding is risky including bitcoin . but if you can take entry in good time and sell when you get some profit it will be better then holding . holding can give you a big opportunity to get rich but it will not all the time. many time it is depend in your trading skill and many time it is depend in luck .

Everything always accompanied by luck because no matter what analysis and indicators you would be using but if the demand is absent then you would definitely not seeing any results of your investment.

Its really hard to make out investment decisions which is really very that normal but you wont really be able to gain nothing if you wont really be making such actions.Speaking about investing on casino tokens
then it would be definitely be depending on you.
Some do make out consideration and seeing their potential but most of the time they arent really worth on putting up money on them.

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Quote from: mak013 on October 05, 2022, 07:41:41 AM

Quote from: ethereumhunter on October 04, 2022, 07:26:00 AM

Quote from: mak013 on October 04, 2022, 02:36:32 AM

There are lots of tokens with payments for holdings tokens, not only casino tokens. And the main goal for all such tokens is to sell higher. Only BTC and, probably 2-3 coins can be bought as a long time investment. All other tokens can`t give you any guarantee that they would be alive that time. And it doesn`t matter is it casino token or just any other token.

Casino or other tokens can provide additional benefits for us to generate even more profits. This is indeed a long-term investment so we should still be careful in investing in that type of coin so that we don't spend too much money if we are not sure if the token can provide a big return in the future or if we should hold on to it until the price can increase.

And as the main investment, we can make BTC and buy BTC when the price is down.

Yes, we can get some additional benefits from holding tokens and increase our profit. But the price of tokens during this time may fall so much that we will lose money. I was in several such projects, never made a profit when I decided to hold tokens. Even looking at these 3 projects, only one of them has a higher price than it was at the start.

You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.

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Quote from: Docnaster on October 03, 2022, 03:26:12 AM

Quote from: Get-Paid.com on October 03, 2022, 02:44:09 AM

There are Bitcoin holders who are holding Bitcoin for years with tons of patience. How is it different than holding BFG for example that pays you interest as well?

The difference is that when you hold bitcoin today, you are sure that years to come, you will wake and still meet your bitcoin in whatever value it might be. But this cannot be said about casino tokens which may not be here by tomorrow. That is the great difference between holding BFG and holding bitcoin.

No one knows what can happen in the future. Btc have gone a long way already but we don't know if the same thing can happen again or not. I am not discouraging the btc users here but better if we are aware of every possibilities. If you sleep for a long years and then wake up to see your btc.

Your btc might still be there but the question is if it's still valuable? We don't know, what if it gets delisted someday because some new super currencies are taking over. The same thing can be applied to those casino tokens. Taking a proper care with our keys should also be practiced if we are investing for a long year so that we are sure that we can still open our wallets.

Peanutswar

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Quote from: mak013 on October 05, 2022, 07:41:41 AM

Quote from: ethereumhunter on October 04, 2022, 07:26:00 AM

Quote from: mak013 on October 04, 2022, 02:36:32 AM

There are lots of tokens with payments for holdings tokens, not only casino tokens. And the main goal for all such tokens is to sell higher. Only BTC and, probably 2-3 coins can be bought as a long time investment. All other tokens can`t give you any guarantee that they would be alive that time. And it doesn`t matter is it casino token or just any other token.

Casino or other tokens can provide additional benefits for us to generate even more profits. This is indeed a long-term investment so we should still be careful in investing in that type of coin so that we don't spend too much money if we are not sure if the token can provide a big return in the future or if we should hold on to it until the price can increase.

And as the main investment, we can make BTC and buy BTC when the price is down.

Yes, we can get some additional benefits from holding tokens and increase our profit. But the price of tokens during this time may fall so much that we will lose money. I was in several such projects, never made a profit when I decided to hold tokens. Even looking at these 3 projects, only one of them has a higher price than it was at the start.

Thats why there's a reason why gambling casino offering their own coin at the same time because of the benefits that the user can get by holding in the long term if they really trust the platform of course there's a utility to make sure the players will really hold those coins still it is good if there's a market circulation with the coin they are offering and backup incase some people make a dump with their coins to prevent players getting fomo. Currently I'm holding some of them at the same time BTC hoping it will not makes a ride with the market volatility and bitcoin dominance.

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Quote from: Get-Paid.com on July 13, 2022, 05:17:03 AM

BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.

I have seen this. And I think this is a good opportunity to invest. But the BFG token price is not in control. It is going down and down.

I invested when the value were 0.03. but now it is moving arroun 0.015. means 50% down.

If the value will be controlled. This investment is preferable.

mak013

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Quote from: ethereumhunter on October 04, 2022, 07:26:00 AM

Quote from: mak013 on October 04, 2022, 02:36:32 AM

There are lots of tokens with payments for holdings tokens, not only casino tokens. And the main goal for all such tokens is to sell higher. Only BTC and, probably 2-3 coins can be bought as a long time investment. All other tokens can`t give you any guarantee that they would be alive that time. And it doesn`t matter is it casino token or just any other token.

Casino or other tokens can provide additional benefits for us to generate even more profits. This is indeed a long-term investment so we should still be careful in investing in that type of coin so that we don't spend too much money if we are not sure if the token can provide a big return in the future or if we should hold on to it until the price can increase.

And as the main investment, we can make BTC and buy BTC when the price is down.

Yes, we can get some additional benefits from holding tokens and increase our profit. But the price of tokens during this time may fall so much that we will lose money. I was in several such projects, never made a profit when I decided to hold tokens. Even looking at these 3 projects, only one of them has a higher price than it was at the start.

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Quote from: delfastTions on October 05, 2022, 03:00:05 AM

Quote from: ethereumhunter on October 05, 2022, 01:35:24 AM

.

And if the team can prove that their gambling tokens are worth investing in, the investors will come on their own and start investing.

To be honest, I don’t really imagine who an investor in gambling site tokens is. Apparently, these investments cannot be too large, because such an investment is super risky. And serious large investors who invest tens and hundreds of thousands of dollars are well able to calculate risks and profits. Therefore, such investors can only be small investors, investing a maximum of 1-2 thousand dollars. But it can't even be called an investment.
This is just a small private contribution.

The token value of casino games is generally stable or down trend. Its price tends to fall in bearish markets but does not rise much in bullish markets. As a result, those who are large investors are not very interested in investing large amounts in these tokens. However, the demand for tokens from casinos that are well established. The big investments are expected in these tokens in the next few years. The token price of well-established casinos will be increased.

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Quote from: ethereumhunter on October 05, 2022, 01:35:24 AM

.

And if the team can prove that their gambling tokens are worth investing in, the investors will come on their own and start investing.

To be honest, I don’t really imagine who an investor in gambling site tokens is. Apparently, these investments cannot be too large, because such an investment is super risky. And serious large investors who invest tens and hundreds of thousands of dollars are well able to calculate risks and profits. Therefore, such investors can only be small investors, investing a maximum of 1-2 thousand dollars. But it can't even be called an investment.
This is just a small private contribution.

ethereumhunter

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Quote from: makishart on October 04, 2022, 10:06:58 AM

How long? I just learned from the market that if gambling tokens have no good volatility nor volume. That proves that if the price will be so difficult to increase. I rarely seen gambling tokens who got at least a few hundreds percents pump.
The only benefits from owning the tokens were for getting dividend through revenue that regularly generated by the platforms. I don't even see holding this will be very profitable in term of capital gain for long term.
it's caused by the gambling have so many limitations and restrictions unlike common tokens in the market that can be listed in major exchange sites and got big hype from so many whales.

No one knows when the price of gambling tokens could increase and get a pump. But at least those who invest in gambling tokens can expect dividends from investing there. Or if the casino could provide more benefits from holding those gambling tokens, maybe investors would think about it and invest more. And if the gambling tokens can make it to the list of major exchange sites, I think it will bring attention to the traders out there so there is still a possibility that the gambling tokens could increase in the future.

Quote from: Fredomago on October 04, 2022, 05:29:39 PM

In terms of having additional growth with the token itself yes it can be passive and profitable but in this current situation where crypto investment is unsure this kind of project are also affected, the market is small and the volume is not that appealing, though different investors do have different approaches and they are all have opinions about how they can benefit from the assets that they choose to invest their money.

Long-term or even a short ride can be done just like how an alternative project works. They are also relying on how developers and investors interact with the project.

More supporters will create big communities that reflect on a healthy project, otherwise it will go the other side and might fall a lot. Be wise when choosing your investment.

Therefore, if you decide to invest in gambling tokens, you should be very careful in choosing the tokens and not just follow what others suggest. In addition, you also have to manage the amount of money you use to anticipate bad things that might happen in the future.

It will indeed be a long journey for a gambling token because many of those tokens have not been able to develop better and are still waiting for the right time to attract more investors. It becomes a challenge for the team from the casino to try to convince the investors to join and invest in the gambling tokens.

And if the team can prove that their gambling tokens are worth investing in, the investors will come on their own and start investing.

Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 14. (Read 8200 times)