Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 23. (Read 8244 times)

Maybe it's because people see that the price of BFG is higher than OWL that they think that BFG is better than OWL. We must research each project so we don't buy the wrong one. If you wish, you can buy both tokens at once so that you can have the potential to make a profit from both tokens. It's true that OWL has had some problems in the past but that doesn't mean OWL can't experience price increases in the future. Most importantly, you should research before buying and don't just listen to other people's advice before you know.

With all of the new gambling sites and casino tokens, I think it's fair to say that these sectors have their "little" niche. I guess you could say they are no different than most other industries. Although some gambling sites do make an effort to advertise their token and give the token holders something special, some companies don't see the need in investing time and money into their utility token. So when choosing a token to invest in, you will have to thoroughly research the company behind your favorite project. Therefore, it always depends on the product itself, not on any utility tokens!

The main problem that faced not only by owl token but whole of gamblings tokens that available in the market. These kind of tokens are always lack of liquidity. I didn't even know why such thing was happening when i were seeing so many hype around it in the past. I saw that so many gambling tokens have almost zero liquidity even these tokens traded in some exchange sites. It seems like that people didn't wanna put their money on this kind of token or something else.
The liqudity can be seen as demand to the tokens as well.

Still unsure if we can get more from BFG tokens since we don't know if their token will pump once the market recover. But if you can defy the risk and can wait for long term to see the result maybe its good to accumulate that token then accumulate more dividends from them and who knows that you will be lucky to get more profit if the price of it will pump in future.

Betfury pays good dividends to BFG holders. This token definitely deserves the attention of investors. Especially now when the market is in decline. BFG will help preserve your capital and even bring good profits when the market recovers.

I havent done research of each and every casino tokens but majority of them are connected with reward distribution. Their goal is to be cheap, or better say not expensive. This will make people buy them to receive dividends. If casino tokens price rise, this means receiving dividends becomes expensive. That goes across the idea of token usage and reward distribution. No one wants to spend fortune to receive a penny (daily casino rewards are usually low). This makes casino tokens not attractive as a profitable investment.

I guess if you like BFG you will like Star token too... Starbets is a new casino around, but they remind me of Betfury in the early days! And I can say that rewards are pretty nice and they chose nice coins for dividends distribution! Lack of games, both in-house and third party, a sportsbook is yet to come (who knows when), but it's how was at Betfury when they started. If they continue to develop I guess we can expect more from them in the future!

The entire history of the development of cryptocurrencies shows that long-term investment is profitable.  Suffice it to recall the peaks of bitcoin and altcoin rates in 2013-2017, 2021.
So now, apparently, we have to wait for 2025. 
Of course, 4 years is quite a long time and not every  cryptocurrency owner can wait that long.  There are times when you suddenly need money.  And investing has to be stopped at a loss.  But such is the established practice with investing in cryptocurrencies.   

All this clearly applies to tokens on gaming platforms, which are discussed here in the topic. 
So it is right to hold these tokens, and of course use them in the casinos themselves.

Holding do still impose risks since we cant really able to assure if these popular platforms would retain or sustain their popularity and top ranking for a very long time which means that if ever it would be covered or

been patched up by newer casinos on popularity then its safe to presume that those coins attached on it would be also be affected since there would be no traders/supporters or investor will really be still

willing to make out investment or give out support into that particular coin.So do on what you do see on whats feasible for you whether you would be trading it on short
term basis or would really decide on holding for long term.

Some guys above are also complaining about how low the volume of this coin was so I think the better answer for this is that the coin is not good for trading purposes but this coin might still be good at long term investing because the gambling site is still being promoted regularly and who knows, what if they became more successful soon? Other than hodling, maybe this coin can also be used for gambling on their own site? If all we want is to trade then there are better coins that are specifically built for that and they aren't casino tokens. 

I don't think they aren't well known because you said many stakes the coin and also like I said earlier, the are being advertised here in the forum.

That's how important the knowledge about the token or project that you are supporting, with proper understanding patience can be extended and you can work on it even if will take some time, the point is that aside from your original investment the feature of staking will give you additional numbers of earn coins, it's worth the wait especially once the token pump high, the value of your profits is not alone with the numbers of your original stake but including those earned stakes that is something that will really impress your investment.

Though again, it's more on your understanding and the trust that you have form this casino token that matter, if you just investing out from hypes, the risk is really high for you to lose your money, but if you are investing from your own knowledge, the chance of getting huge compensation is high.

The price doesn`t means that the BFG better than OWL. The markets and trading volume give us more information. And here we see that OWL has no volumes and just 2 markets. The same time BFG has 5 markets and not very serious volume but enough to have opportunity for trading. But the start price of OWL was, as i see, $0.0038 and BFG - $0.032. That means that the OWL investors made x3 and BFG  investors - -x2.

@Strongkored, what do you think about BFG?

Owl token is also traded on MEXC centralized exchange https://www.mexc.com/exchange/OWL_USDT but volume is very low less than $100 in 24Hr, not a pleasant sight even though many keep it for staking but if the trading volume is low this indicates that this token is not very well known, if anyone wants to sell it they will have difficulty because of low liquidity and the price of this token can immediately drop very low,
but because the owl token has a buyback feature, when the developer buys back the price will go up surely after that the trading volume and price will go down or be stable because trading activities are very calm.

That is why BFG is much better and is trustworthy and in the long run it will be worth more.

That is actually a quite interesting idea, it would increase the interest and the volume, but it would also depend on the size of the casino and the resources they have and can invest in something like monitoring trades, user's volume and gains. I assume that managing a casino is hard enough, the fact that currently that token is not listed in any centralized exchange only makes things a bit harder to carry out a contest like that.

We shall see how the price behaves in the future.

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As you can see in the picture I shared, the OWL token is indeed tradeable, but only on Defi platforms like Pancakeswap and Babyswap, which means you need to connect your personal wallet to the Defi webpage to perform the swaps.

As of now:

OwlDAO = $0.012
BFG = $0.017

It's just showing you which one of the two is better.

BetFury is credible, genuine, based on real stuff, whilst OwlDAO was one we had lots of suspicions with so far.

There is no doubt BetFury is one of the best products out there, OwlDAO cannot be compared to it.

The tokens and you'll excuse me for what I'm going to say, but this is like marriage, it's like a lottery, it's clear if you're lucky or not, honestly everything can be seen very beautifully, but when you're inside and you see all the things you're living and the ones you have to live is when a person knows well what he got into, and the ugliest things can be lived, and for that you have to have a lot of patience and understanding.

The understanding is that if the token falls per share of the Bitcoin market, it falls in price, it is something natural and that must be understood and patience is because in these cases time is the best ally for any investor.


It is interesting, I see that many things can be concluded here, first it is necessary that they already need to look for investors, maybe I have to do an advertising campaign for all the social networks that is very radical and they can do something to raise that number , really 260USD is nothing, they need to have more volume, if they do not have a community it will be difficult for this token to reach good values, I think they have a good opportunity to do so, even Bitcoin is at a price where many things can be done, so that at the moment that bitcoin has its bullish trend the OWL token can rise with the movement.

In addition, it would not be bad if they made a trading contest with the token, all these things are necessary for people to be interested in the token, that they offer characteristics so that an investor can shelter their money there.

Today I was looking to some casino tokens, I decided to see the price and volume of OwlDao (Owl) and i was surprised when I realized that the volume is only around 260$ in 24h.


I would have expected volume of 1000$ minimun, even though the token is only tradeable in DEFI for now.
Any thoughts on this?
Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...

I believe almost 90% of gamblers who use crypto gambling sites have an account at betfury, and it's really amazing to see that until now betfury's reputation is still very good and the level of public trust is still high. I still have several thousand BFG that I staking, and that gives me enough passive income for me to be able to continue playing at Betfury.