Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 15. (Read 8200 times)

I think that there already has a lot to do with the way people place their bets in trading, a person who bets on a specific token in a project that is not backed by a casino, they are risking their money, that's something that cannot be doubted, another thing when a person knows that a token is backed by a casino, it is like an additional peace of mind that exists in the investment, because he knows that the casino with a good reputation will not run away or make a scam, it would have to be a very big act of stupidity, and nobody is going to risk killing the goose that lays the golden eggs, I think that rather that is what is being explained.



Of course, since we have knowledge about the volume and some trading, we cannot realize that with little it does not mean much, this means that for many investors it is more attractive to see a lot of volume even if the chart does not have much activity, of course, this is something very subjective, because I know some friends who like to grab some coins with the behavior that the BFG has, now I say something, for it to have more volume it has to be listed in a centralized exchange where the traders know the BFG, many traders They don't get into decentralized exchanges because they don't trust them, so for me what's missing is that.


It is like that, it is the same thing that I think, well it is normal, however when you see coins with low volume, traders and investors do not see it as attractive, to generate a much more authentic volume I would bet on making a small internal mini-forum of the casino to generate more community, I would put the same users of the forum to work in mini-Airdrops and thus generate more traffic, from there many things can be generated, go to social networks and generate community, put in context the entire project that they have in Betfury and capat players, investors, all kinds of people available to do a good job and for the casino to grow on all fronts.

Because of the low volume they become less volatile and can easily increase in value, but then to know how strong their mend are is to expose them to a bigger trading market to see their real performance. I think most of the casino teams that have their token are aware of that and they do whatever they can't to keep their token limited to small exchanges to avoid being killed in the wider crypto trading market since they aim to develop their native tokens that will serve as a utility token and not for pure investment or trading.

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.

Gambling tokens are very different from other tokens in that they still have low trading volume and are rarely listed on top exchanges, even the majority of gambling tokens are only listed on low volume exchanges and there is no significant increase in price, the solution may be that gambling tokens should collaborate for the NFT concept or metaverse so that gambling tokens get interaction from new investors.

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.

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, it is true. if the gambling token owner always develops his company, the token will also have good value in the future.
as you said if the company always develops its gambling company, it will definitely have a good reputation and be known by many investors who want to trust gambling tokens as a promising future asset.
and i'm sure, one of the gambling tokens mentioned by the OP will someday have a good value in the future

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.

That's what I think, there is no relevant news, that produces interest, I don't know how the interest in the token has been within the platform or they are focusing much more on games and innovation within the casino, and the tokens are leaving it aside, but I think that since they already have this way of winning with the tokens, they should not leave it aside, many players still believe in the BFG, but it is a matter of the same team driving the price of the token I think that if they manage to move emotions within the casino they can make the demand greater in terms of BFG, of course this is my perception, I don't know how much the casino owners have thought about it.



Well I think that Bitcoin is for me and for many people the King of cryptocurrencies, that is to say, no crypto would have life if BTC did not exist, even for the biggest enthusiasts of alts it is likely that they think this, because look, bitcoin right now is at $19.5k and the altcoins have not gone up much, obviously the BFG is a consequence of the speculative market of BTC, if bitcoin does well the BFG will do very well, and this means that sib bitcoin goes up, the BFG will have a much higher value higher and will generate enough profits for its investors, and like this token also others, this for me is the crypto law.


Yes, here you have a great point, it is obvious that Bitcoin will not generate benefits for other currencies, but instead the BFG does actively generate benefits just by owning it, this is something that even if the market lowers the mBFG it will continue to produce them at any rate, this is something that can keep people hooked by receiving crypto benefits in their accounts, for me it is an infallible option that makes the difference of everything, these tokenms differ from others for that reason, because you do nothing and it generates passive income , with sleep you already have something there adding and that is something that is recognized and that any person wants to do.

Correct, but Bitcoin doesn't pay you interest unless if you use a 3rd party and then you rely on that 3rd party, and still the interest won't be high - and here tokens like BFG pay you over 50% annually (as of now) which is quite massive.

Over time it's hard to tell, but if you pull out on time you can make nice gains.

With Bitcoin no one knows if 5-10 years from now it would be worth $20k or $100k, you can bet on it but there are no guarantees it would happen. Look at Litecoin, used to be $250 and more and now it's 5 times less than that.

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.

That's true on OwlDao you'll only get BUSD but the APR is also high, 45.11 % is already good I don't want to say that one token is better than the other, the fact that I picked both tokens to invest made a profit from staking and continue to support by buying these tokens, we can safely say that they are two tokens worth investing and if any new token that will come with the same features and platforms like these two tokens they have to work they way to get investor's nod I have seen one coming but unfortunately they cannot keep up so this token eventually die, I'm talking about Bitgame, it is nowhere near the profitability of these two tokens.

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?

It is a common thought that occurs among many investors or traders. If the casino token price does not or has not been able to increase sharply for a certain time, it looks like they are thinking of diverting their money to invest in other coins. Or they could just buy some and hold on to it while using the rest of the money to buy more coins. But it will be different if the casino owner can offer his investors many things, especially those who can invest a certain amount. It certainly can attract investors to try it while they can keep looking for other ways to make a profit.

Patience and holding can't be implemented in the gambling token. In my experience if gambling tokens never faces such big increase like blockchain coin. The major exchange sites are also rarely listing the gambling tokens in their sites.
This makes the hype is very less compared with the common token in the market. The hype around meme token is far bigger compared with the gambling tokens which doesn't have liquidity.
The only problem is development in the gambling platform is very slow compared with another project that was working in the different field. that's why i don't even consider gambling token as an investment but only place to bet with the time.

Well, not all because it depends on the coins. If you're going to invest in shitcoins then it's likely the outcome is not good. This is not the case if you invest in a coin that has utility and established. That's why conducting an extensive research is necessary, regardless of if it's a casino token or not, as long as you understand what you're getting into and aware of the risk that would be enough. We have our own strategy and our goal is to gain in the future hence we should know better if it's profitable if we invest in this particular coin/token.

CEX or DEX, wont really matter because if we do tend to see into those tokens listed for example in Binance.It wont really be an assurance that it would get sufficient volume.
Just take a look on low caps or liquidity coins which are being delisted on period of time which does simply implies that it wont really be that an assurance on getting on.
The benefits when it is on cex is that you could actively or directly interchanged with other coins then to fiat which you cant do on DEX and usually the volume
and liquidity plays around on CEX which is the sad truth.

They got their money when they sold it. I don`t think they need to do smth else with token, now it is a problem of the buyers. That`s why i say that such type of investing is the same with any other cryptocurrency investment - just try to sell higher. Of course the devs tell us how they support the token, but i heard it lots of times without any actions for support.

There's no reason for them to spend money on their token because they're creating their own token out of thin air. Which mean they're creating their token without any cost and the purpose is to get more money if people bought their worthless token.

The token price will depends on the casino reputation, so if the casino has a bad reputation, I doubt there's a high demand for the token since it's can't be used except if you're use the casino. It's the risk if you want to invest on casino tokens.

There is a common perception that the price of casino tokens does not increase much. However, if investors can come out of this idea, then the investment in casino tokens can increase. Casino owners have to come forward for this. They can offer token investors a variety of options, including listings on various good exchanges. Those will be effective for getting more investors in casino platform. After all Profit or loss will depend on one's strategy. Casino owners will do whatever they can to find their profits.