I have a friend who, when he invests in tokens like these, makes a strategy that I don't know if it's good or he just wants to get his tajkada and already, for example, he buys a lot of tokens, enough to make more than $20k, and he gets that he has a possible 20-30% pump when he does, so he just places a sell order guaranteeing that profit and after they get there they sell and voila, they don't care about anything else, but obviously he has more specialized focused thinking to being a market speculator, where he takes advantage of those market moments, obviously an investor has another type of thinking, so everything is valid, but only what each person wants to obtain from a project is taken into account.
I echoe that, it's the target that each traders/investors that value the success, there are many different strategy but the main goal is to earn, with casino tokens investors are hoiping to earn extra with staking while holding the coin that they've bought. A kind of feature where investors can take advantage while waiting for the price to rise, unlike with your friend, that kind of strategy is to scalp the market movemetns and if the prediction is right it's an easy money to take out from the market.
Betfury pays good dividends to BFG holders.
I have used BetFury staking calculator and here is what I get - you need to hold about 50,000 BFG tokens (~$850 on September 8,2022) to be able to get $1 per day. For someone that might be ok, but their is always but. That $1 will be spread between 5 cryptocurrencies. Which means you need to hold 5 different cryptocurrencies to reach minimum withdrawal amount. Dont forget that minimum prices are growing, which means with time, you will earn less.
If it was a stable income and we didn't had any fear of losing value or anything, then this would be awesome. Think about it, if you put 850 dollars and get 365 dollars a year, that means you could invest 85k dollars and get 36.5k dollars a year, and that's good enough to live "almost" anywhere in the world.
Even in the USA you would be poor but you wouldn't be starving, you could find houses for 500 bucks a month and eat for another 500 bucks or so per month and pay about 500 for the living expenses like heat and electricity and internet etc, which would mean that you would be able to live give or take but would be quite tough. So, it is actually quite good return but will it stay like that.
There’s no stable income in crypto because BFG price is volatile same with the crypto market. You might lose more than half of your initial investment while staking if the price of Bitcoin dump hard because all altcoins is affected of this kind of event. Staking using volatile asset is like a double edge sword that might give you huge gain or lose. Staking stablecoin is the safest source of stable income but don’t expect too much for the APY because DeFi only offers less than 10% as APY for this kind of token but it still better than storing your money in the bank for interest.
And with that same argument, if the market pumped up, and those assets experienced the bull run, aside from the token's value, you also have extra with the stake rewards that you received. It's more about how you trust the team and how long you are willing to wait while the progress is still ongoing.
