Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 16. (Read 8200 times)

Yes, it's understandable if they are willing to take the risk and stay tuned to receive daily brand rewards. And those who have already started investing and betting their coins on gambling projects should have more patience because we all don't know when the trend of gambling tokens may increase. And it could be that the wait will be very long because there are still other coins in the market that could rise in the short, medium and long term and not pay more attention to gambling tokens. But casinos should know that they can't just offer investors to invest in their gambling token projects without giving them more returns. Investors will be interested if they can get something of value from the casino.

Maybe at your end you see it that way and there's logic behind while for those who invested their money with this type of project they are willing to take the risk and wait, the feature of staking your coin and receive rewards gives them reason to keep waiting and enjoy some growth with their initial investment, there's still hope that the coin will pump as the business still moving forward.

Though the fate of these assets is unknown, same with other alternative project, investors need to go deeper to understand and learn more about progress and future success of their hold tokens.

OwlDao has remained stable this month and with significant fluctuations in its volume, I have not read anything lately about the accusations against this token, though.

---

Betfury's token has lost some value but it keep a relatively constant volume through this past month. It must be there is no problem with those who wish to enter or exit a position on this token.

---

On the other hand, this had been a quite good month for TFS token holders with increase of value from 0.002$ to over 0.004$, congratulations to those who have managed to realize gains with this asset. The volume looks healthy as well, in case someone wishes to try their luck with this casino token.

it's hard to believe if the golden days will come for the gambling token. I do know if patience was the key but seeing from the history of gambling tokens and these kind of tokens have less hype compared with common tokens in the market like protocol, smartcontract, game and many more.
This can be seen from how so many tokens that based in another field can be pumped so hard while gambling tokens are still steady with its price.
The stability would be good if there are lots of volume but most of these tokens have less than 100k daily trade volume which is disappointed for some believers to be patience waiting for the token to go up

The truth with OWL is not as bad as it is being seen, but if they have to do something, at this moment it is lost that they can inject liquidity or money into the token, it would be like throwing money away, what they have to do is try to promote much more the token, not leaving it alone to the speculations that we could do here, I think we need to move it with possible contests, with social networks, why not? make a sub-forum where they work internally and the payment is in OWL tokens, I think that is the healthiest way of a project to have a community and even better, to support it, and people will feel safer if such a token project It is endorsed by a casino.

Well, I could say that the one that has developed the most is BFG and it is the token that has been most accepted, until now since its inception it has been well received by players and also by investors themselves, of course here in this market. Small investors and small traders enter, it is what they like the most, besides, the only thing that is missing is that they can list it in a centralized exchange, but as the whole market situation has been, it is very difficult to achieve something that is profitable, because the bitcoin is in a double uncertainty, what is most expected is that it can rise in order to give very good results in order to grow the price, likewise I imagine that they are waiting for the best moment for the other tokens.


If in fact if it enters some centralized exchange it can result in a big Dump and I think that is the reason why they cannot or do not want to include it yet, a very different thing is if the price of bitcoin increases, because everything would change, people's interest increases because obviously a token of that level will go up like foam and apart from that, when a market is in excessive increase in its price, investors will always look for an asset that is reliable to shelter their money, it is as a preventive measure, something they need to do to be able to have security in a market, I don't see it badly, but among all the projects out there, I think I would see a casino more reliable than any other project that is an ICO, or anything else similar.

It's not that they are not ready. Casino tokens I think are limited to exchanges as there are legal issues with blockchain-based crypto games. And so the reason they are mostly on DEX.

If ever crypto casino tokens are listed on popular exchanges as you mentioned, the tokens will really be growing. BFG seems to have been backed by great team that they managed to get on CEX.

Depends on a certain coin on which you've been holding, whether it is something that worth to be hold or something it is really just basically a waste of your time and money on doing so.
Invest on casino tokens that we do have now, then we are seeing that the price isnt really that much interesting.There might be some instances that it could really be that worth
but it really depends on the project on where it is attached but most of the time these things do really drops in value plus when it comes into its utility then it do usually
falls down on having no other places for its application.

I may think the opposite thing than what you have write above, people are buying tokens caused by they are speculating the price. The functions from the tokens have become an indicator for people to make sure if the tokens have possibility to increase in the future. Im seeing so many people were also buying the gambling tokens caused by the price was still very low. They are expecting it to go high once bullish will come.

Im not considering on buying some casino tokens for the sake of make bettings out of it which i would rather prefer on using up Bitcoin directly.For investment purposes then i wouldnt really see this as a smart option.
If you do fully support a specific casino via buying those tokens then it would really be your choice but dont expect much about price movement.This cant really be that too moving or
would really be worth on holding for long term plus when it comes to utility then we do know that this is something not that mind blowing.

Every purchase of tokens has a purpose whether for investment or the token is used to bet on gambling, So it is very rare to buy gambling tokens for investment unless he has recognized the roadmap of the gambling project so as to make him sure of high pumps in the future, but nevertheless holding gambling tokens for investment is very risk and make sure you are prepared for a high risk of loss.

That means if you are a gambler that gambles a lot, having these tokens and gambling on their casino could mean a lot better results for you. But if you are not a gambler, and all that you are looking for is to buy a token and hold it for as long as possible and make a profit based on that? Then you are going to be quite upset about it for sure.

This is what I am trying to figure out as well, that doesn't mean that I would fix it, because gambler vs not-gambler is something I am in between, I do gamble a bit but is it enough amount that it would justify the investment on these? I am not sure about the calculations on that at all, and that's the risk.

I would say features are more important, a token with no utility or reason to exist has its price based solely on speculation, which I would guess makes volatility worse.
On other hand, if a casino token has actual use case then people will have legitimate reasons to buy it, hold it or stake it, beyond speculation.

It may not be a completely suitable example, but Monero (as altcoin) as a clear mission and use case: privacy, this being the reason many people buy it and not only for speculation or trading. In the end, if utility is good, the demand will increase and later the price will follow.

Extending effort to learn the basic principle of investment always applies to any chosen assets, like what both of you said it needs deeper analysis before you engage yourself and invest your money, there are different concepts and approach but the important thing is you did your own research it will give you deeper knowledge about the coin and how it can bring you decent amount of profits whatever time frame you anticipate the pump.

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.

This is a very valid argument. However, I think it can be quite difficult to figure out which use cases for tokens will bring the maximum benefit for you. If you participate in different bonus programs, then only in practice you can understand what it gives. Many times I am faced with a situation where you expect one result, I still get less than expected.
 But of course, by trial and error, you can understand which options will be the most attractive for you, even if they do not bring you maximum profit.

What's more important for you? features or the price itself?

Features are the most important aspect of casinos' tokens. If they provide staking program, extra spins, a share of casino's profit, increased rakeback/cashback, more referral bonus you have to calculate how profitable those features will be for real. In case you conclude it's going to generate some nice income for you compared to the amount of money you have to invest on the native token it must be interesting to try the investment. Consequently, you don't have to worry about profiting through trading, because you will be already profiting just by holding the tokens.

I am not sure what both of you are trying to say, but when you stake casino tokens you get divs, daily payouts in some coins, in some casinos you can stake it for one coin, and in some casinos, you get a portion in several coins. So what you can analyze is ROI, the investment you make (or you will mine your tokens), and how much you will get daily from that investment. In the end, you will return your investment and you will still have your tokens that will bring some passive income or you can sell them.

Good passive income, if the casino is doing good in developing the project, if the utilities and usages aside from staking any additional usages that will attract more potential investors are good fundamentals in choosing a project to invest your money. There are different investing style from each investor and the more they engage their time and effort to follow the development, the better they can pick if which casino coins are good.

Or they can also pick all and segregate their investment from each coin they just need to allocate it well.

Better understanding and established trust will give them or lead them to succeed while waiting for the project to pump high.

Features meant nothing for sure. This time i hope that you need to pay attention to the another aspects like result from the development, intention to be listed in biggest exchange site, revenue from platforms, liquidity and many more. Picking the best one is the hardest thing once almost all of these tokens have pretty similar features. There are only a few legits gambling tokens in the market while the rest were just bunch of scam tokens in the market.

I believe an investor should make his decision based on what features that token offers for holders, instead of expecting to make profit from the token price's fluctuations (trading). If the features are interesting, attractive and the casino is legit, it can be a good alternative to invest your money, but every details must be analyzed closely first, because as we know there are a lot of scam attempts and weak projects on this crypto market which lead investors losing money eventually.