now or reputable project coin it is doesn’t matter . you must keep your eyes on a project which project is much stronger and which project team always care there token. reputable gambling or non gambling project token can help you. coz all reputable project team always care about there tokens and product also there are no doubt . but always do own research is a best way to investment
Choosing gambling tokens is not as easy as with other non gambling token analysis because gambling tokens are still very low in the crypto market and we must be careful if you are interested in investing in gambling tokens, many gamblers use gambling tokens to get utility from gambling games and not for other purposes. investments, even leading gambling projects that support crypto do not create tokens as it impacts the reputation of the project in the long term. 
Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 17. (Read 8200 times)
The timing is very important and like what you said, if you can place your position or your investment from the first wave of hype, the amount of potential profits that you can gain is really high. But, if the timing was wrong the chance that you are risking a huge amount of your investment is always there to follow, pump and dump will put you in a risky place so it's really your good knowledge that will save your ass not to lose a lot of money in kind of investment that you are just following the hypes.
You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.
You are wise, we should not be blind holders of any coin or token, while the case of tokens is even worse because many of them are considered irrelevant after a while due to the manner they behave. This is after high promises and hope on how they will behave. I have been the victim of many tokens in the past, but I am now wise especially when the tokens are still new. I give them time to allow proper study and speculation on them, yet most of them always disappoint me, while some will perform beyond expectation, but will later still disappoint.You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.
There are too many projects, including in the casino world, where the investors working for the project to get it bigger, and shill it and raid for it and so forth just to get it higher. I am sorry but if a project expects anything more than my money, then it is not a good project.
It is important to never ever confuse a token with something even remotely similar to a stock share or any legal instrument conferring property. Tokens are pretty much unregulated and they carry a million pages long disclaimer which can usually be summed up in: you are giving your money but you have not rights, particularly you have no right to complaint no matter what I decide to do.
But after all, according to the SEC, many tokens are also shares, or at least have signs of shares, because in the case of tokens, we have essentially companies that have issued them and somehow manage them, somewhere by voting of holders, somewhere just by a team of developers. In both cases, if something happens to the company, then the price of the token will react to it, then the same thing happens in the securities market.
Utility tokens, which are BFG, OWL and TFS, are also similar to company shares, except that they do not provide the owners with an actual share in the company, well, their investment value is proportional to the actual demand for tokens.
But we all know and try to adhere to the rule of investing exactly as much as it is not a pity to lose, therefore it should be done at the early stages of the development of a project.
It is important to never ever confuse a token with something even remotely similar to a stock share or any legal instrument conferring property. Tokens are pretty much unregulated and they carry a million pages long disclaimer which can usually be summed up in: you are giving your money but you have not rights, particularly you have no right to complaint no matter what I decide to do.
Many thought especially those newbie who got hype that if they invest on casino token they also get a share on then but actually its all the same with buying other tokens in the market. The only advantage they got is they rely on the fame of that casino, they should also see if there's proper utility created for the token so that they can call it as a good one. Lastly take extra precaution on any action we do since sometimes what we think good turns bad so thinking more deeper before investing on this is really needed to do.
Doing deeper research and how the casino owners will maintain the token, I mean the business is already there and investing for passive investment is not a bad idea, the success of the business will reflect to the value of the token, and with the staking feature it will give the investors small amount of additional tokens from time to time while holding and waiting for big events that may hype the token value and really gives them huge amount of profits.
It's your call when choosing your investment and it will be your good knowledge that will lead you or drive you to the right project to invest your money.
The timing is very important and like what you said, if you can place your position or your investment from the first wave of hype, the amount of potential profits that you can gain is really high. But, if the timing was wrong the chance that you are risking a huge amount of your investment is always there to follow, pump and dump will put you in a risky place so it's really your good knowledge that will save your ass not to lose a lot of money in kind of investment that you are just following the hypes.
You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.
You are wise, we should not be blind holders of any coin or token, while the case of tokens is even worse because many of them are considered irrelevant after a while due to the manner they behave. This is after high promises and hope on how they will behave. I have been the victim of many tokens in the past, but I am now wise especially when the tokens are still new. I give them time to allow proper study and speculation on them, yet most of them always disappoint me, while some will perform beyond expectation, but will later still disappoint.You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.
Lastly, I must say that BFG is a good one truly, I missed its opportunity then but can't buy it again at the present price ($0.015431) until close to Bitcoin halving time.
snip
I am also agreeing with that following hype for the trading is not the right strategy for trading. But I see now here lots of video on youtube about it is specially based on short-term trading . Many times it is possible to gain profit by following the hype. But it often leads to big losses, so I also think it is important to learn market analysis and then trade for professional trading.It's also following the market like another common tokens in the market. This is the rule in the crypto market.
-snip-
It seems nobody even reads those disclaimers anyways, specially those eager to get huge profits off the fame or reputation of a casino, there is nothing wrong with seeking for profit, of course, most of the people here in this forum are actively or passively trying to get some money, but those kinds of misunderstandings can be dangerous.
Actually, since you just mentioned the lack of regulation; I am not sure how regulators keep an eye on casinos so they carry on their KYC protocols, AML protocols and yet it seems they have no problem when comes to minting what many regulators and prosecutors would consider to be unregistered securities, otherwise casinos would not. I must be missing something here.
It is important to never ever confuse a token with something even remotely similar to a stock share or any legal instrument conferring property. Tokens are pretty much unregulated and they carry a million pages long disclaimer which can usually be summed up in: you are giving your money but you have not rights, particularly you have no right to complaint no matter what I decide to do.
Many thought especially those newbie who got hype that if they invest on casino token they also get a share on then but actually its all the same with buying other tokens in the market. The only advantage they got is they rely on the fame of that casino, they should also see if there's proper utility created for the token so that they can call it as a good one. Lastly take extra precaution on any action we do since sometimes what we think good turns bad so thinking more deeper before investing on this is really needed to do.
Everybody has his own strategy. I agree that every portfolio needs to have bitcoin in its wallet but my share is about 50%. Other than that, I have a dozens of altcoins varying from ETH, BNB to shitcoins as SHIB and a small part of casino tokens.
It is not a bad idea, there is a lot of talk about having several coins in a wallet, maybe at some point there will be a good boost for these coins and you will have that luck that many people look for when buying a cryptocurrency, I have BFG tokens and I have them in the casino, the interests that it generates in other cryptocurrencies are not many, I do not know if it is necessary to have many tokens so that it can have more profitability, the experts who have been in the casino for longer than me can attest if it is worth the pity or not, the investors who are from the beginning with the casino when all the staking started that had more profits.
It is important to never ever confuse a token with something even remotely similar to a stock share or any legal instrument conferring property. Tokens are pretty much unregulated and they carry a million pages long disclaimer which can usually be summed up in: you are giving your money but you have not rights, particularly you have no right to complaint no matter what I decide to do.
^ It seems that you have a point but in my mind still have this question, how do you determine them as a good investment, by a reputable name?But in a new gambling company that has a token to invest, that is not a good investment at all, it should be already a very popular and reputable name like freebitco.in that investors on token never doubt. However, investing in tokens is very risky, and there is no assurance of having profit.
snip
I am also agreeing with that following hype for the trading is not the right strategy for trading. But I see now here lots of video on youtube about it is specially based on short-term trading . Many times it is possible to gain profit by following the hype. But it often leads to big losses, so I also think it is important to learn market analysis and then trade for professional trading.as the value would really be going down afterwards which is something a very very normal scenario or event that do happen for any project tokens out there.Dont make yourself do end up with those bad decisions.
Its up to someone whether they would be investing on casino based tokens or not since its their money then its their rules.
much and the ones who would be mainly moving are to those early investors or pre-sale buyers and the rest of them are to those who just simply been interested on accumulating these casino based tokens.
Expect that liquidity would really be that less compared into other coins which does have different utility or not simply limited on gambling platform and as i been said
that when it comes to usage then there's no other place on where you could make use of these tokens.
It is important to never ever confuse a token with something even remotely similar to a stock share or any legal instrument conferring property. Tokens are pretty much unregulated and they carry a million pages long disclaimer which can usually be summed up in: you are giving your money but you have not rights, particularly you have no right to complaint no matter what I decide to do.
The timing is very important and like what you said, if you can place your position or your investment from the first wave of hype, the amount of potential profits that you can gain is really high. But, if the timing was wrong the chance that you are risking a huge amount of your investment is always there to follow, pump and dump will put you in a risky place so it's really your good knowledge that will save your ass not to lose a lot of money in kind of investment that you are just following the hypes.
You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.
You are wise, we should not be blind holders of any coin or token, while the case of tokens is even worse because many of them are considered irrelevant after a while due to the manner they behave. This is after high promises and hope on how they will behave. I have been the victim of many tokens in the past, but I am now wise especially when the tokens are still new. I give them time to allow proper study and speculation on them, yet most of them always disappoint me, while some will perform beyond expectation, but will later still disappoint.You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.
The timing is very important and like what you said, if you can place your position or your investment from the first wave of hype, the amount of potential profits that you can gain is really high. But, if the timing was wrong the chance that you are risking a huge amount of your investment is always there to follow, pump and dump will put you in a risky place so it's really your good knowledge that will save your ass not to lose a lot of money in kind of investment that you are just following the hypes.
You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.
You are wise, we should not be blind holders of any coin or token, while the case of tokens is even worse because many of them are considered irrelevant after a while due to the manner they behave. This is after high promises and hope on how they will behave. I have been the victim of many tokens in the past, but I am now wise especially when the tokens are still new. I give them time to allow proper study and speculation on them, yet most of them always disappoint me, while some will perform beyond expectation, but will later still disappoint. You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.
snip
I am also agreeing with that following hype for the trading is not the right strategy for trading. But I see now here lots of video on youtube about it is specially based on short-term trading . Many times it is possible to gain profit by following the hype. But it often leads to big losses, so I also think it is important to learn market analysis and then trade for professional trading.It's also following the market like another common tokens in the market. This is the rule in the crypto market.
snip
I am also agreeing with that following hype for the trading is not the right strategy for trading. But I see now here lots of video on youtube about it is specially based on short-term trading . Many times it is possible to gain profit by following the hype. But it often leads to big losses, so I also think it is important to learn market analysis and then trade for professional trading.as the value would really be going down afterwards which is something a very very normal scenario or event that do happen for any project tokens out there.Dont make yourself do end up with those bad decisions.
Its up to someone whether they would be investing on casino based tokens or not since its their money then its their rules.
snip
I am also agreeing with that following hype for the trading is not the right strategy for trading. But I see now here lots of video on youtube about it is specially based on short-term trading . Many times it is possible to gain profit by following the hype. But it often leads to big losses, so I also think it is important to learn market analysis and then trade for professional trading.You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
You guys have a point and that's why people are always advised to do their research before making any investment.
As @lienfaye said, investment in well-established coins is the best and I don't think going coins like Shib which are always manipulated by the big player is a wise choice.
The something goes to casino native token, @lienfaye said he won't be surprised if the casino token performs well during this dip. How will it perform? What's its use case and utility?
This is the question people ought to ask themselves before going for any coin base on some certain hype.
Some people do really love to drive with the hype and there are some people who are really that keen on investing into something which doesnt really have that much demand or actual utility of the said tokenAs @lienfaye said, investment in well-established coins is the best and I don't think going coins like Shib which are always manipulated by the big player is a wise choice.
The something goes to casino native token, @lienfaye said he won't be surprised if the casino token performs well during this dip. How will it perform? What's its use case and utility?
This is the question people ought to ask themselves before going for any coin base on some certain hype.
specially if its a casino based token which we know that it is really just good on spending those tokens inside the platform which it would really be that not that good for long term aspect.
If we do speak about current value then it would be understandable that it would go in line with the current existence of the platform which it had been tagged up.
On the time that platform does have some issues then expect that value of token would really go along with it.
About casino tokens, even if the casino didn't have an issue that doesn't mean the token will perform well in the market because the casino crypto tokenomic and the number of users that make use of the token will determine the token trend.
words would be coming out from their mouths.There are indeed people who are really that a fan on jumping into some possible hypes specially if there are some people who do make out some recommendation
just because they do believe into their words.
Casino token investment isnt really that bad but we know that liquidity or volume wont really be that much which does simply imply that it doesnt really gain that much
activity in between.So its up to someones choice if they would continue or not.
Mist of the casino tokens are going down and even those that have performed well previously do not have good trading volume right now the fact is instead of holding a highly volatile and none utility base token, I rather buy some casino-based token and hold it forever.
This is true. Casino tokens has source of income to recover the price through casino profit while the rest of the altcoin are just relying on traders speculation to maintain the price of the token. Casino token is the most sustainable tokens in bear market because there’s still gamblers that playing in the casino regardless of the market conditions while the rest of altcoins market is decreasing due to the fact that no one is buying and everyone is converting there altcoins to more safe tokens like stablecoins.
And you correctly noted that there are differences between crypto-casino tokens and ordinary tokens, which once in 2017-18 were released by everyone and in the amount of thousands. 98% of these tokens turned into scams and died.
But with cryptocasino tokens, the picture is completely different. The destruction of such tokens can only happen if the casino itself goes bankrupt. And nobody needs this bankruptcy, neither devs, nor investors, if there are any, and, of course, the players themselves do not need it at all.
So the probability of this event is still lower than that of ordinary tokens. Accordingly, their investment potential is higher.
Mist of the casino tokens are going down and even those that have performed well previously do not have good trading volume right now the fact is instead of holding a highly volatile and none utility base token, I rather buy some casino-based token and hold it forever.
This is true. Casino tokens has source of income to recover the price through casino profit while the rest of the altcoin are just relying on traders speculation to maintain the price of the token. Casino token is the most sustainable tokens in bear market because there’s still gamblers that playing in the casino regardless of the market conditions while the rest of altcoins market is decreasing due to the fact that no one is buying and everyone is converting there altcoins to more safe tokens like stablecoins.
And you correctly noted that there are differences between crypto-casino tokens and ordinary tokens, which once in 2017-18 were released by everyone and in the amount of thousands. 98% of these tokens turned into scams and died.
But with cryptocasino tokens, the picture is completely different. The destruction of such tokens can only happen if the casino itself goes bankrupt. And nobody needs this bankruptcy, neither devs, nor investors, if there are any, and, of course, the players themselves do not need it at all.
So the probability of this event is still lower than that of ordinary tokens. Accordingly, their investment potential is higher.
Jump to: