Investing in Casino tokens such as BFG, OWL or TFS - page 25.

Fredomago

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Quote from: Hispo on September 01, 2022, 04:57:13 PM

I would personally only consider this kind of assest as a long term investment only if I had a very high trust on these casinos and their capacity to grow in a such competitive market, due to the centralization implicit on them.
The price of these tokens are tied to the success of the platform itself acting like some sort of share.

I think that for long term investment it would be better to go with a decentralized asset, like Bitcoin. I am not saying that these casino tokens cant lead to very good profits, centralized coins (like Binance's BNB) have provided a lot of money to their investors in a relatively short period of time, but these tokens are not for everyone.

True, the success of your investment depends on how the marketing will succeed to attract more gamblers to play using the casino if there's nothing that the team offers it will delay the progress in terms of value, but if there are many available feature that investors will earn the chance that it will be supported by more investors and traders.

On the other-hand, if you have a decent amount of money to invest, adding more solid asset like BTC, ETH and BNB.

It's up to you though, your money is always valued by your decision with your investment.

bakasabo

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I find investing in casino tokens less attractive compared to investing in a project. Gambling business i far more dependable from market mood than running a project. With project, you can always put it on a pause or do something on your own. With gambling, you are very dependable from funds. As soon as you start to run out of them, you are done. Gambling offers quite identical games and etc. They dont offer anything radical, that might created new trend or explode the market. That is why I think it is impossible for casino token to multiply its value on its own.

|MINER|

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Quote from: uneng on September 01, 2022, 08:08:58 PM

Quote from: Get-Paid.com on August 29, 2022, 04:27:37 PM

Quote from: smartaction on July 19, 2022, 07:14:03 AM

All coins in the market have lost their 60-80% value along with Bitcoin. But compared to that, the price of gambling coins has not decreased much. But as the price of Bitcoin rises, so does the price of gambling coins. So I mean buy and hold gambler coins are more likely to profit than lose.

BFG as of today is $0.017 - it hasn't lost much value but paid massive returns (70% per annum) - so so far despite all the crypto price falls, Euro reaching parity with the dollar and more - token such as BFG are quite reselient.

Very nice! But it's still a risky investment, because we don't have parameters to know if the price is going to keep stable or crash. After all it's like any other altcoin, much more risky and unstable than bitcoin. I believe with such results pointed by you many investors will try this from now on, expecting the currently results repeat themselves futurely and I hope they don't regret about their decision later.

Returns are quite interesting, but it's not exactly 70% APY if we consider how much the token has lost in value during the last 1 year period. From 0,031$ to 0,017$ today. Almost 50% devaluation in price.

BFG token lost rate of 74% from there ATH it is normal . Because all the coins in the market have crashed 70-80% in price on this bad situation . Even though the market is so low, investing in crypto is still too risky . Because the price of Bitcoin is crashing again. So there is a possibility of a bigger crash in the market

Yes BFG token lost their rate 74% from their ATH high that's because the reason is Bitcoin dominance. If you look at bitcoin price then you will also notice that the bitcoin is also down more than 70% from it's ATH .
But I disagree with your this word is " Crypto is still risky for investing" I think you are a long term trader then you will find the best dip at now . Yes it's risky on investment of altcoin but you can choose btc for this easily.

Reatim

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Quote from: ?? on ??

Quote from: uneng on September 01, 2022, 08:08:58 PM

Quote from: Get-Paid.com on August 29, 2022, 04:27:37 PM

Quote from: smartaction on July 19, 2022, 07:14:03 AM

All coins in the market have lost their 60-80% value along with Bitcoin. But compared to that, the price of gambling coins has not decreased much. But as the price of Bitcoin rises, so does the price of gambling coins. So I mean buy and hold gambler coins are more likely to profit than lose.

BFG as of today is $0.017 - it hasn't lost much value but paid massive returns (70% per annum) - so so far despite all the crypto price falls, Euro reaching parity with the dollar and more - token such as BFG are quite reselient.

Very nice! But it's still a risky investment, because we don't have parameters to know if the price is going to keep stable or crash. After all it's like any other altcoin, much more risky and unstable than bitcoin. I believe with such results pointed by you many investors will try this from now on, expecting the currently results repeat themselves futurely and I hope they don't regret about their decision later.

Returns are quite interesting, but it's not exactly 70% APY if we consider how much the token has lost in value during the last 1 year period. From 0,031$ to 0,017$ today. Almost 50% devaluation in price.

BFG token lost rate of 74% from there ATH it is normal . Because all the coins in the market have crashed 70-80% in price on this bad situation . Even though the market is so low, investing in crypto is still too risky . Because the price of Bitcoin is crashing again. So there is a possibility of a bigger crash in the market

there is nothing wrong if a currency dropped its price from the ATH even if this takes 80-90% but what we wanted to be assured is that if the price will recover , I mean if the project is still consistent in their plans and their white paper and roadmap , because crypto is a place where volatility dictates its prices .
BFG? not sure if this will return in that value even if this will take a years , and also? there are OWL that had proven one of the good investment in gambling platform so lets see what it goes.

uneng

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Quote from: Get-Paid.com on August 29, 2022, 04:27:37 PM

Quote from: smartaction on July 19, 2022, 07:14:03 AM

All coins in the market have lost their 60-80% value along with Bitcoin. But compared to that, the price of gambling coins has not decreased much. But as the price of Bitcoin rises, so does the price of gambling coins. So I mean buy and hold gambler coins are more likely to profit than lose.

BFG as of today is $0.017 - it hasn't lost much value but paid massive returns (70% per annum) - so so far despite all the crypto price falls, Euro reaching parity with the dollar and more - token such as BFG are quite reselient.

Very nice! But it's still a risky investment, because we don't have parameters to know if the price is going to keep stable or crash. After all it's like any other altcoin, much more risky and unstable than bitcoin. I believe with such results pointed by you many investors will try this from now on, expecting the currently results repeat themselves futurely and I hope they don't regret about their decision later.

Returns are quite interesting, but it's not exactly 70% APY if we consider how much the token has lost in value during the last 1 year period. From 0,031$ to 0,017$ today. Almost 50% devaluation in price.

livingfree

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Quote from: XZERO1 on September 01, 2022, 07:31:08 AM

One of the main reasons is the fact that most of the people buy these tokens buy it to bet with it or use other gambling benefits that could come with holding that token and not to take some profit from the swings, probably most of them don't even check the token price that often, so holders of their tokens are mostly indifferent to price decrease and less likely to sell out of panic.

Actually because of the reasons mentioned these tokens are great buys (if the gambling website is reputable) on the dips as they're less likely to not recover from the lows, since the demand is almost always there and because there are some people waiting on the sidelines waiting for those dips to buy the tokens to bet with.

I believe most of them are for the benefits of it and then next to it is as an investment. If you're with that casino that has their own token and they're offering some good percentage for having their token and some bonuses, you'll be enticed to buy it. That's why many players do exchange the cryptos that they're about to play into their native tokens.

And it's because of the benefits and bonuses that they offer for those that own it while they play. As they take those benefits, the biggest one is they're able to have a share of that casino and earns dividend just by holding and staking it on their own platform.

While having those tier or level programs that they have.

Hamphser

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Quote from: XZERO1 on September 01, 2022, 07:31:08 AM

Quote from: Get-Paid.com on July 13, 2022, 04:17:03 AM

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites

~snip~

One of the main reasons is the fact that most of the people buy these tokens buy it to bet with it or use other gambling benefits that could come with holding that token and not to take some profit from the swings, probably most of them don't even check the token price that often, so holders of their tokens are mostly indifferent to price decrease and less likely to sell out of panic.

Actually because of the reasons mentioned these tokens are great buys (if the gambling website is reputable) on the dips as they're less likely to not recover from the lows, since the demand is almost always there and because there are some people waiting on the sidelines waiting for those dips to buy the tokens to bet with.

Some doesnt even aware that they had earned those platform based tokens yet they do believe that they are just using their bitcoin or other altcoins without even realizing or been aware that everytime that they

do wager they do earn up particularly with those casino based token/coins and of course they wont really be expecting something like that when it comes to its value but once they've been aware then for sure
they would be looking on using it and most likely they wont really be minding about investment and profit stuffs but rather using it back again on the platform.

Hispo

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Quote from: Fredomago on August 31, 2022, 11:25:40 AM

Quote from: danadc on August 31, 2022, 09:09:34 AM

-snip-

You need to undergo with deeper research in order for you to understand how things work and how will you take advantages with staking features of these assets. The deeper you understand, the more passive ways you can earn from those projects. It's not easy to see your investment going down but if you know that there's a good returned once the market turn to bull, instead of selling it's best to add more if you have some spare money to buy for additional coins.

More on taking your investment to a long-term goal and continue to enjoy passive earnings from your stake coins.

I would personally only consider this kind of assest as a long term investment only if I had a very high trust on these casinos and their capacity to grow in a such competitive market, due to the centralization implicit on them.
The price of these tokens are tied to the success of the platform itself acting like some sort of share.

I think that for long term investment it would be better to go with a decentralized asset, like Bitcoin. I am not saying that these casino tokens cant lead to very good profits, centralized coins (like Binance's BNB) have provided a lot of money to their investors in a relatively short period of time, but these tokens are not for everyone.

XZERO1

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Quote from: Get-Paid.com on July 13, 2022, 04:17:03 AM

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites

~snip~

One of the main reasons is the fact that most of the people buy these tokens buy it to bet with it or use other gambling benefits that could come with holding that token and not to take some profit from the swings, probably most of them don't even check the token price that often, so holders of their tokens are mostly indifferent to price decrease and less likely to sell out of panic.

Actually because of the reasons mentioned these tokens are great buys (if the gambling website is reputable) on the dips as they're less likely to not recover from the lows, since the demand is almost always there and because there are some people waiting on the sidelines waiting for those dips to buy the tokens to bet with.

Fredomago

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Quote from: danadc on August 31, 2022, 09:09:34 AM

I do not understand very well these things on the charts and how to buy and sell, for me I see that as ups and downs, but recently it happened to me that I bought some altcoins with little money, with $20 dollars and I took it in a good price level that was low, and after I bought it went down more, lol I left that money invested there because why was I going to withdraw with the losses, just thank God I didn't do it using futures, for the OWL and BFG tokens already in There are many speculations in his threads, everyone is waiting for the best move to withdraw profits, other players only bet it and others keep it in mining.

I've been interested in mining for a long time, but it's complicated, the best thing I've seen is what they do with the BFG, they leave it in the casino and that produces profits in various currencies, including bitcoin.

You need to undergo with deeper research in order for you to understand how things work and how will you take advantages with staking features of these assets. The deeper you understand, the more passive ways you can earn from those projects. It's not easy to see your investment going down but if you know that there's a good returned once the market turn to bull, instead of selling it's best to add more if you have some spare money to buy for additional coins.

More on taking your investment to a long-term goal and continue to enjoy passive earnings from your stake coins.

danadc

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Quote from: Tumanggor on August 29, 2022, 07:53:15 AM

Quote from: Wiwo on August 29, 2022, 06:16:47 AM

If there is any casino token I will like to hold it should be the owl token as I have tested their network and understood how it works, the casino that has success tome like an owl in the market where the price is stable is an added advantage for the revenue of the casino, I know a lot of effort has been put in place to get the token the visibility it has right now. But then the gain will outweigh the risk and the token price is relatively stable and has been on the increase since the bear market started, which shows how strong the resistance the ecosystem of the token as a utility token in the casino is.

This is screenshot of the chart display on the OWL token coinmarketcap since the first time they were registered, from this screen display it is clearly seen that the price of the OWL token is very stable and suitable for users who want to withdraw funds or deposit funds

OWL and BFG are the best gambling token recommendations for all gambling investors or players, both prices are very stable

I do not understand very well these things on the charts and how to buy and sell, for me I see that as ups and downs, but recently it happened to me that I bought some altcoins with little money, with $20 dollars and I took it in a good price level that was low, and after I bought it went down more, lol I left that money invested there because why was I going to withdraw with the losses, just thank God I didn't do it using futures, for the OWL and BFG tokens already in There are many speculations in his threads, everyone is waiting for the best move to withdraw profits, other players only bet it and others keep it in mining.

I've been interested in mining for a long time, but it's complicated, the best thing I've seen is what they do with the BFG, they leave it in the casino and that produces profits in various currencies, including bitcoin.

delfastTions

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Quote from: ultrloa on August 29, 2022, 04:59:02 PM

Quote from: Wiwo on August 29, 2022, 04:45:11 PM

Quote from: Hamza2424 on August 29, 2022, 04:33:15 PM

Better much better, I think you have made a decent research about it. But i dont see any long term majour scope in holding casino tolens asking again here. Must need to know that Alts just work as side move of BTC and new revolution introduction of new concepts of real world in crypto. Implementation is always a bright part of project so you need to know scope is always in potential alts others are just bluff of hype.

You are right in a way though, but what makes owl token different from any other casino to mend is the fact that they have a staking service that enables holders of the women to stake them and make passive income from the staking rewards, so since owl token is relatively stable in price it becomes better to stake them for long without much worries about market volatilities and its impact on your investment.

I think this staking is common utility for tokens and many created this but some of them still failed to give good boost on their token price. But still this is good addition since it will lesser the selling pressure created by people who cannot wait for further developments. And I think people still consider the volatility since you get nothing if the price dump and your long wait will be turn to waste so they need more good usage for their token so that people will not think about dump it when they receive some.

Staking is a very useful tool for regulating token markets.
And rightly so, many devs are making staking opportunities on their tokens. There is also an important psychological moment. Any person is always pleased to see that the amount in the account has increased. And of course, staking is a powerful tool to reduce the exchange and over-the-counter turnover of tokens, which makes the token price more stable.
I have always been positive about staking opportunities, even with the usually small percentage growth in the number of tokens.

ultrloa

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Quote from: Wiwo on August 29, 2022, 04:45:11 PM

Quote from: Hamza2424 on August 29, 2022, 04:33:15 PM

Better much better, I think you have made a decent research about it. But i dont see any long term majour scope in holding casino tolens asking again here. Must need to know that Alts just work as side move of BTC and new revolution introduction of new concepts of real world in crypto. Implementation is always a bright part of project so you need to know scope is always in potential alts others are just bluff of hype.

You are right in a way though, but what makes owl token different from any other casino to mend is the fact that they have a staking service that enables holders of the women to stake them and make passive income from the staking rewards, so since owl token is relatively stable in price it becomes better to stake them for long without much worries about market volatilities and its impact on your investment.

I think this staking is common utility for tokens and many created this but some of them still failed to give good boost on their token price. But still this is good addition since it will lesser the selling pressure created by people who cannot wait for further developments. And I think people still consider the volatility since you get nothing if the price dump and your long wait will be turn to waste so they need more good usage for their token so that people will not think about dump it when they receive some.

Wiwo

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Quote from: Hamza2424 on August 29, 2022, 04:33:15 PM

Better much better, I think you have made a decent research about it. But i dont see any long term majour scope in holding casino tolens asking again here. Must need to know that Alts just work as side move of BTC and new revolution introduction of new concepts of real world in crypto. Implementation is always a bright part of project so you need to know scope is always in potential alts others are just bluff of hype.

You are right in a way though, but what makes owl token different from any other casino to mend is the fact that they have a staking service that enables holders of the women to stake them and make passive income from the staking rewards, so since owl token is relatively stable in price it becomes better to stake them for long without much worries about market volatilities and its impact on your investment.

Hamza2424

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Quote from: Wiwo on August 29, 2022, 06:16:47 AM

If there is any casino token I will like to hold it should be the owl token as I have tested their network and understood how it works, the casino that has success tome like an owl in the market where the price is stable is an added advantage for the revenue of the casino, I know a lot of effort has been put in place to get the token the visibility it has right now. But then the gain will outweigh the risk and the token price is relatively stable and has been on the increase since the bear market started, which shows how strong the resistance the ecosystem of the token as a utility token in the casino is.

Better much better, I think you have made a decent research about it. But i dont see any long term majour scope in holding casino tolens asking again here. Must need to know that Alts just work as side move of BTC and new revolution introduction of new concepts of real world in crypto. Implementation is always a bright part of project so you need to know scope is always in potential alts others are just bluff of hype.

Get-Paid.com

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Quote from: smartaction on July 19, 2022, 07:14:03 AM

All coins in the market have lost their 60-80% value along with Bitcoin. But compared to that, the price of gambling coins has not decreased much. But as the price of Bitcoin rises, so does the price of gambling coins. So I mean buy and hold gambler coins are more likely to profit than lose.

BFG as of today is $0.017 - it hasn't lost much value but paid massive returns (70% per annum) - so so far despite all the crypto price falls, Euro reaching parity with the dollar and more - token such as BFG are quite reselient.

Tumanggor

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Quote from: Wiwo on August 29, 2022, 06:16:47 AM

If there is any casino token I will like to hold it should be the owl token as I have tested their network and understood how it works, the casino that has success tome like an owl in the market where the price is stable is an added advantage for the revenue of the casino, I know a lot of effort has been put in place to get the token the visibility it has right now. But then the gain will outweigh the risk and the token price is relatively stable and has been on the increase since the bear market started, which shows how strong the resistance the ecosystem of the token as a utility token in the casino is.

This is screenshot of the chart display on the OWL token coinmarketcap since the first time they were registered, from this screen display it is clearly seen that the price of the OWL token is very stable and suitable for users who want to withdraw funds or deposit funds

OWL and BFG are the best gambling token recommendations for all gambling investors or players, both prices are very stable

mak013

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Quote from: fortunecrypto on August 26, 2022, 07:53:32 AM

Quote from: mak013 on August 26, 2022, 01:34:15 AM

Cryptocurrencies is casino by itself. And volume and activity just give you a chance to sell tokens. But it doesn`t give you any guarantee that the price would be nice.
Investing in casino looks the same as any other investment in cryptocurrencies. The main difference in such kind of investment that you can`t wait for 10-20-50 years. You have to change your strategy and tokens rather fast.

You can easily tell how the casino-based tokens are performing not only in the market but how they are accepted in the gambling community and
how good is their reputation, BFG and Owl tokens are two tokens that are well accepted by the community based on the players supporting their platform, there are casino-based tokens but nothing beats these two, and as long as these two are well supported it's worth holding these two tokens, casinos are here to stay so these two tokens are staying for long term.

I often hear such words about other projects. And often see how these projects disappears. I can`t say nothing bad about these tokens. But the team and reputation for the casino-based tokens is the same for all other tokens. I`ll not be surprised, if some new casino will create their tokens and steal users money. If somebody believes that casino tokens are good for investment - it means only that someone else will cheat with it.

Wiwo

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If there is any casino token I will like to hold it should be the owl token as I have tested their network and understood how it works, the casino that has success tome like an owl in the market where the price is stable is an added advantage for the revenue of the casino, I know a lot of effort has been put in place to get the token the visibility it has right now. But then the gain will outweigh the risk and the token price is relatively stable and has been on the increase since the bear market started, which shows how strong the resistance the ecosystem of the token as a utility token in the casino is.

X-ray

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Quote from: Stakefast on August 27, 2022, 05:26:50 AM

I once lost 25,000$ investing in a crypto casino token named rocketgame, the casino itself was fully playing on TRON smart contracts - It was kind of ahead of its time but they closed and so did my Investment - Up until today I wonder why that casino closed, it was made from the same owners/creators as duckdice and it seemed to be pretty successfull.

That might be being used as a money grabber by the same creator. This must force us to pay more attention to the more platforms even if that was also creating by a reputable owner or developers. We must always be careful with it.

Quote from: Stakefast on August 27, 2022, 05:26:50 AM

I also lost 0.1 btc in a casino bankroll investment 2 years ago.

Its very risky to invest into a crypto casino token, with BetFury, thats a good one. I should have invested it into BFG but rocketgame was even a better and more future casino then BetFury is so...

I will stay away from casino tokens, I rather invest into defi's and compound.

Offering more features compared with another casino was just a trick to attract the investors while this is also an old trick that being used by scammers. I would not be surprised if you thought that if rocketgame has more features compared with betfury and you think that would better to pick it. 99% project build in tron blockchain was a scam. It's not only rocketgame It's only one from so many scam gambling platforms created by scammer https://dappradar.com/rankings/protocol/tron/category/gambling

Almost all have no users.

Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 25. (Read 8244 times)