Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 20. (Read 8200 times)

I have always thought that casinos are companies that provide a guarantee for users, of course those who are level 1A considered for their high reputation and trust, this makes some launch their own tokens and unlike any other token or project that launches a token, a casino gives more guarantees, since it is already a consolidated company, investors will put their money here, there is no doubt about it, in an eventual rise in BTC, it is obvious that in a correction they want to reserve their money in altcoins or toekns , and what better than doing it in a casino that is highly reputable, that's why I see these tokens as a good investment option.


I think that each person has their way of being, and in question is a way of investing and putting their money in some investment, all this has a lot to do with the personality of each person, just like in gambling, each one has their guidelines to make their moves and to risk how much can be spent here in the investment of OWL, BFG among other tokens has a lot to do with the risks that each investor, trader or player wants to take, an investment is as its name says , that you must wait a long time or at least as long as it is necessary to wait until some benefits are given, and just as the altcoins rise when the btc rises, it can and is possible that these casino tokens also rise.

It is the time which every investor and traders are waiting; you are right, those people who already invested will probably to have a decent amount of profits. Once the market start to pump up. Not limited to established alternative coins but also those casino tokens who continually working and surviving in this bear season, they are also expected to perform once the bull run starts to work inside the market and pumps up crypto industry.

Investing is in your own decision making. Buy a token that you fully believe and support. Just have that long patience with you and continue to wait while watching how the market is moving.

Well, that's their business model.

And that's what we're doing right now, discussing everything related to these tokens and it's not that limited to them. It just so happen that they are the common ones.

It's normal to have the discussion related to how profitable they are and which of them is a good investment based on everyone's opinions and thoughts.

Investors will increase their confidence when the crypto market can reverse direction when the altcoin season returns. That will get them to start buying tokens and coins, and not just casino tokens, because, at that time, there will be a lot of coins and tokens that can go up high. And they hope that the casino tokens they already own can also follow other coins and tokens in reaching new highs. Well, this also means we will risk investing in lots of casino tokens and coins so we have to be careful in choosing them.

Based on your chart, Fairspin and BetFury can still survive and move up and down. Meanwhile, Owl tokens can still not move up and tend to stay at lower levels. But it's all still a mystery whether the Owl token still can't move up or whether the Owl token is waiting for a good moment to start increasing. But all those tokens still have a chance to go up high again, especially when the altcoin season is coming again. So you should find out more about those tokens before you start investing.

I would have assumed it could be also because some user decided to sell their tokens, but it seems that the volume does not suggest the existence of such sale, this may indicate that drop was indeed a consequence of the market sentiment or the sale of those tokens happened on an exchange which CoinMarketcap does not keep track of.

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The time frame is one week, I picked that time frame in order to evaluate de behavior of these three tokens in this moment when the market is under pressure because the reasons I already mentioned. The inflation report in the USA seemed to be higher than expected, prompting a red day in the stock market and Bitcoin (which appears to continue to have a high correlation with stocks). Of Course, talking about ROI since the ICO is a different perspective.

I do agree about fair spin and betfury but i think that owl was not facing a significant drop. What time frame that you have used for all of charts above? I meant i was taking all time chart as a better comparison to see the performance from all of tokens above and OWL is performing very good in term of ROI compared with another token like betfury and fairspin. So, far betfury has the worst performance in term of all time chart compared with owl. TFS is the most stable gambling token.

Owl did really have that significant drop which you had mentioned about those accusations which might be one of the reason on why it had plummeted on that way because if we do speak about market

pressure or trend then it should really be that on a gradual movement but its a total crash or decrease which means that there are sentiments or fundamentals which causes on that one.

Its up to someone whether they do see these casino tokens to be worth of investment or not.Its a personal choice in the end of the day.

Probably most of you all already know the market is under pressure due to the news on USA inflation and the expectations after the Ethereum network update (the merge), which is nigh.

I felt curious and checked how the casino tokens mentioned on the OP behaved this week.

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Fair Spin and Betfury seem to be holding on fair okey, but Owl suffered a dip some days ago.
I wonder why and whether this has something to do with the accusations mentioned before against Owl and their relationship with Sandbox.

I understand that there would be a competition between each other as well, why wouldn't people try to shill a casino token when they do it for many others. But at the same time, we need to figure out the fact that maybe some of them are not that much better than the others.

I believe that the real question should be more about if you should invest into a casino token or not from the start, if you do not want to then it doesn't matter which one is better, and if you do want to then you could discuss which one is better or not. I personally did it on BFG and checked OWL and both of them had the same issue for me, which is the fact that they turn to a token company instead of keep being a casino and focus too much on the token.

Since the entire financial world is guided by those laws and decisions of USA government, then all restrictions on the use of cryptocurrencies and taxation rules adopted in usa will apply to the whole world.  
And by the way, now in the USA they began to discuss some kind of global legal act or law to regulate the circulation of cryptocurrencies.  So in a year or two, I think the issue of state control will be resolved.  
This, of course, is unpleasant for all owners of cryptocurrencies and limits the size of their accounts, since they will have to pay taxes.  
And most importantly, it will limit the freedom of disposal of these funds, especially in custodial wallets.

The government will do everything to make sure that they will suck huge amount of money out from any kind of business, and crypto would not be exempted with it, like what you have said, they know that crypto will stay and they will not allow that they will not get anything, it's true as well that they won't try to close those businesses knowing that there are already numbers of people who are investing and using the services of each platform.

They will do everything from their power not to be left behind. It's about the money and government is really great in finding the fit ways to collect money from any types of business or money making industries.

If you are afraid to invest in BFG or OWL, you can choose coins or other tokens that have more potential to increase so that what you invest can provide benefits later. What both projects need to do is how get their tokens into the major exchanges so that it will provide more opportunities for investors. The two tokens may indeed be waiting for market conditions to reverse so that they can increase as well as other tokens. So you should immediately choose another token or coin before everything changes.

They don't.

good to know SEC will not take actions against them. does Pinnacle have a token?

its the tokens that SEC will be treating as security which gives them rights to regulate. although they may not have some arms to really punish these casinos, its the exchanges that will be regulated in order regulate the crypto such as casino tokens.

that's pretty interesting to hear that and so, can you tell me whether it can be called as dividend as well? I know OWL but this token is not so good as BFG. I have ever seen BFG token but the only question is these gambling tokens are rarely entering into the big market. I didn't know why but it seems like cex was restricting the gambling token to be listed on the exchange site caused by so many applications but all getting rejected.

Thank you, I have some money saved, I want to invest, initially I thought about mining but it takes a long time and the profit is very little, I have also been buying some BFG but it scares me, I have seen that it loses value and I am not very expert in I have little knowledge of the world of investment trading, of tokens, so I do not dare to judge what may or may not happen, what I do know is that if bitcoin goes up everything goes up and everything is in a better way for those who invest

What things have you seen of the OWL token? I have seen that it has become very popular and I have seen that the volume is not much, but sometimes there are coins like that and then they go up like foam.

With owl, they're giving a decent percent of APR but if you're late on that then there's no more slot for you as it closes. While for BFG, I don't know if there's any limit for that slot who wants to earn from there.

But it seems that it's like that and whoever holds it and stake it there then they'll be like you who enjoys profiting from their token.

I'm one of the BFG beneficiaries likewise OWL, so I comfortably can speak about BFG as it's been running and steadily paying for over a year now through staking on its platform without even getting to participate in any of its casino games. OWL looks more or less the same but it's still very much new in the system so it's advisable to proceed with caution.

Did you read through this thread? We told you OWL is the most risky one out there!!

So there you go - they got exposed now:

https://bitcointalksearch.org/topic/owlgames-web-30-crypto-casino-sportsbook-btc-metamask-walletconnect-5378280