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Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 26. (Read 8200 times)

hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
That's a huge amount of money. If you only invest in bitcoin, you can make huge profits when the bull market comes. That was a mistake and you have learned from that lesson so you have at least some experience with tokens in casinos. Maybe if you want to invest in casino tokens, you shouldn't take too much risk based on your experience because we don't know what will happen with the tokens. It's better if we invest in bitcoin which can clearly provide big profits in the future.

The comparison of investing in casino tokens or putting money on a gambling site's bankroll with investing in bitcoin seems not appropriate. I'm sure everyone knows that putting money in Bitcoin is a must. That user was able to spend $25,000 which makes me think he did some DYOR before taking the risks.

There's no mistake in putting money on gambling sites on their investment side. The mistake was, that the user didn't manage properly the investment on the way leading to that loss. Although he can't control the flow of the gambling site obviously, considering an exit is a wise way to minimize the possible losses and then move forward on other investments later on.
Hopefully, he can DYOR before investing because once he invests, he has taken the risk and must accept it later. But if the casino has a bitcoin investment, it should take a bitcoin investment to provide more profits. But spending $25,000 could put a bigger risk; therefore, he should think before deciding.

We can suggest him invest elsewhere so he can get more profit. And he should also be able to know when to get out of his investment with a profit and don't continue investing if he can't see a profit.
hero member
Activity: 2744
Merit: 588
That's a huge amount of money. If you only invest in bitcoin, you can make huge profits when the bull market comes. That was a mistake and you have learned from that lesson so you have at least some experience with tokens in casinos. Maybe if you want to invest in casino tokens, you shouldn't take too much risk based on your experience because we don't know what will happen with the tokens. It's better if we invest in bitcoin which can clearly provide big profits in the future.

The comparison of investing in casino tokens or putting money on a gambling site's bankroll with investing in bitcoin seems not appropriate. I'm sure everyone knows that putting money in Bitcoin is a must. That user was able to spend $25,000 which makes me think he did some DYOR before taking the risks.

There's no mistake in putting money on gambling sites on their investment side. The mistake was, that the user didn't manage properly the investment on the way leading to that loss. Although he can't control the flow of the gambling site obviously, considering an exit is a wise way to minimize the possible losses and then move forward on other investments later on.

Definitely, the user is looking for better payout as it is a gambling business.
But as an investor, you should know that you need to follow the casino's progress.
So if you feel that they are diverting from your expectations, better cash out while you are still in profit.
And if you happen not to visit the site regularly, the chance of losing your investments is really high.
Because the profitability in investing in the casino depends on the performance and revenue itself of the casino.
sr. member
Activity: 2142
Merit: 254
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.

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.

Sorry for your loss, that is quite a big amount! While I can agree that it can be risky to invest in casino tokens especially if you hope to score some quick money. The benefit of Betfury with their BFG tokens is that you earn them for placing bets on their site which makes it very interesting.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
That's a huge amount of money. If you only invest in bitcoin, you can make huge profits when the bull market comes. That was a mistake and you have learned from that lesson so you have at least some experience with tokens in casinos. Maybe if you want to invest in casino tokens, you shouldn't take too much risk based on your experience because we don't know what will happen with the tokens. It's better if we invest in bitcoin which can clearly provide big profits in the future.

The comparison of investing in casino tokens or putting money on a gambling site's bankroll with investing in bitcoin seems not appropriate. I'm sure everyone knows that putting money in Bitcoin is a must. That user was able to spend $25,000 which makes me think he did some DYOR before taking the risks.

There's no mistake in putting money on gambling sites on their investment side. The mistake was, that the user didn't manage properly the investment on the way leading to that loss. Although he can't control the flow of the gambling site obviously, considering an exit is a wise way to minimize the possible losses and then move forward on other investments later on.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
I suggest you take a look at this project related to the gambling sector because it is something innovative (check also if you are eligible for a "free chip") [IBCO - Whitelist] ⚽🎰 Casino Critique⭐ FREE Chip for BCT Members ❤️‍🔥

The idea of providing part of the earnings to those who buy a stake or take part  in their project is interesting... There are already sites that offer similar services but do not offer this possibility of direct investment.
hero member
Activity: 2898
Merit: 639
I never saw it as "investment", that's the thing people mistake. Just buy some for the benefits and forget about it, like in-game app purchases of the games we play, it's not because we want profit or returns, just make sure that you "spend" it and that would be a great deal because if you are gambling in these places then you would have huge benefits as gamblers thanks to these tokens.

People buy them and hope that suddenly because it's a casino token the price would go up, that's not the point. I have never lost any money in any casino token. Because, I made my "investment" as a loss first, then start to recoup it the more I gamble and the more I get in return, it breaks even after a while.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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.

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.
That's a huge amount of money. If you only invest in bitcoin, you can make huge profits when the bull market comes. That was a mistake and you have learned from that lesson so you have at least some experience with tokens in casinos. Maybe if you want to invest in casino tokens, you shouldn't take too much risk based on your experience because we don't know what will happen with the tokens. It's better if we invest in bitcoin which can clearly provide big profits in the future.
hero member
Activity: 2618
Merit: 548
SecureShift.io | Crypto-Exchange
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.

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.
You've gone for the big money. Same as we give priority to a crypto positioned among the low cap coins these casino based coins can be considered. Just because these casinos create revenue, we should not focus on generating big growth from these investment. Many people invest with such mentality. It is always good to have invested on coins that have usage beyond the Casinos, even if it is casino based project.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
Casinos that issue their own tokens will get funding from token sales to develop their casinos bigger

I don't think they used those tokens to raise funding but in order to get those tokens you need to mine it via wagering. Thats whales wager alot during the opening of the casino because the mining difficulty is too low because if the level of difficulty increases the wager requirement also increases and the rewards decreases.
I think the casino issued the token to try to provide other benefits for its members so that members can indirectly get something valuable and sell it when the price of the token goes up. But casinos need to think thoroughly about their plans for issuing those tokens because if it is only for inside the casino and cannot be sold on the market, the members will also not be able to benefit from becoming an investor in that casino. But each casino must already have a plan if they want to launch their own token and surely, they will have everything ready before launching the token.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform

You would really be needing to be prepared if you do really bag hold lots of those casino based tokens but if not then i wouldnt bother myself or stressing on something which shouldnt really be in concern of.

Also investors wont really be that much interested on something that doesnt really have much utility aside from being used on the casino.Yes, there might be still who do mainly support these coins

but only a few will really be having high hopes and thinking about for long term.It does vary on platforms popularity and performance because once these things are lost or gone then expect
value would also decrease out.



It's a business that the owner/developers needs to work, trust is hard to earn but as long as the team continue doing progress and continue bringing dividends the chance that investors and traders will keep on coming those who already decided to quit will be replace by new holders that will hold and wait. We don't know what the future will bring, there are chances that you may lose your money with your invested money but it's your call whether to continue or to move away if you don't see any potential that it will decent amount of profits.
full member
Activity: 821
Merit: 100
BLOCKXS.COM
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.

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.
hero member
Activity: 1848
Merit: 601
The Martian Child
Casinos that issue their own tokens will get funding from token sales to develop their casinos bigger

I don't think they used those tokens to raise funding but in order to get those tokens you need to mine it via wagering. Thats whales wager alot during the opening of the casino because the mining difficulty is too low because if the level of difficulty increases the wager requirement also increases and the rewards decreases.
Maybe you are referring to BetFury? But most casinos that created their own tokens are for funding or additional sort of purposes. Moonbet for example is for funding purposes. Not sure about OWL. I remember some years ago when I was invited by a friend here to check Betking's crowdfunding in exchange for their tokens that are guaranteed future dividends when the casino starts earning. During ICO days I saw a lot of casino projects here marketing their tokens in order to start their businesses. Most failed I guess as I haven't heard them now.     
member
Activity: 1055
Merit: 75
Casinos that issue their own tokens will get funding from token sales to develop their casinos bigger

I don't think they used those tokens to raise funding but in order to get those tokens you need to mine it via wagering. Thats whales wager alot during the opening of the casino because the mining difficulty is too low because if the level of difficulty increases the wager requirement also increases and the rewards decreases.
legendary
Activity: 2422
Merit: 1845
Crypto for the Crypto Throne!
Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

..............................

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

Ofc not. This is just another altcoins, with all corresponding risks inherent to altcoins. So i would not invest a lot of fiat money or even good crypto in such things. Not the best idea to do so on bear market. Such altcoins can crush to the bottom in just few hours.

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

That's called "shitcoin pump", nothing special.
hero member
Activity: 2954
Merit: 683
Doesnt matter on what project do a token had been created or been connected or inspired it would be still having that chance on getting dumped or died just like any other coins in the market.It doesnt really give

out some assurances that it would be worth or not but as long it does have some volume even on small scale but at least does have some activity around then we could really say that it would really be that
considerable to make out investment of it but dont expect or anticipate that you would be ending up on positive. INvest on what you can afford to lose as always because even Bitcoin doesnt
really make guarantee.
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.

as long as the investor receive substantial amount by holding the tokens of the casino, its worth holding. the growing doubt is that they are not listed on exchanges that is why only few investors were attracted to these sort of scheme. the utility of the tokens is very limited within the casino.
i do have some of these tokens, one that i'm concern about is the minimum withdrawal. with few tokens, it tends holder to wait for a longtime.

cryptocurrencies are under attacked by regulators, casino tokens is yet not dealt by these guys but it could be easy for them to bring casino tokens down which i guess we'd have to be prepared for it.

You would really be needing to be prepared if you do really bag hold lots of those casino based tokens but if not then i wouldnt bother myself or stressing on something which shouldnt really be in concern of.

Also investors wont really be that much interested on something that doesnt really have much utility aside from being used on the casino.Yes, there might be still who do mainly support these coins

but only a few will really be having high hopes and thinking about for long term.It does vary on platforms popularity and performance because once these things are lost or gone then expect
value would also decrease out.

legendary
Activity: 3178
Merit: 1054
Doesnt matter on what project do a token had been created or been connected or inspired it would be still having that chance on getting dumped or died just like any other coins in the market.It doesnt really give

out some assurances that it would be worth or not but as long it does have some volume even on small scale but at least does have some activity around then we could really say that it would really be that
considerable to make out investment of it but dont expect or anticipate that you would be ending up on positive. INvest on what you can afford to lose as always because even Bitcoin doesnt
really make guarantee.
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.

as long as the investor receive substantial amount by holding the tokens of the casino, its worth holding. the growing doubt is that they are not listed on exchanges that is why only few investors were attracted to these sort of scheme. the utility of the tokens is very limited within the casino.
i do have some of these tokens, one that i'm concern about is the minimum withdrawal. with few tokens, it tends holder to wait for a longtime.

cryptocurrencies are under attacked by regulators, casino tokens is yet not dealt by these guys but it could be easy for them to bring casino tokens down which i guess we'd have to be prepared for it.
legendary
Activity: 2450
Merit: 1047
Doesnt matter on what project do a token had been created or been connected or inspired it would be still having that chance on getting dumped or died just like any other coins in the market.It doesnt really give

out some assurances that it would be worth or not but as long it does have some volume even on small scale but at least does have some activity around then we could really say that it would really be that
considerable to make out investment of it but dont expect or anticipate that you would be ending up on positive. INvest on what you can afford to lose as always because even Bitcoin doesnt
really make guarantee.
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.
hero member
Activity: 2492
Merit: 761
Doesnt matter on what project do a token had been created or been connected or inspired it would be still having that chance on getting dumped or died just like any other coins in the market.It doesnt really give

out some assurances that it would be worth or not but as long it does have some volume even on small scale but at least does have some activity around then we could really say that it would really be that
considerable to make out investment of it but dont expect or anticipate that you would be ending up on positive. INvest on what you can afford to lose as always because even Bitcoin doesnt
really make guarantee.
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.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
The choice is in our own hands that what we make it, investment in the Casino tokens is seems like good while some promotional events on going excwpt for that i dont see the high level utility of the Casino tokens. Aa investment gets sustainable by the Utility of the project. How far it impact the ecosystem of the project. So its on the Risk.
It's purely gamble. As far as i know there's no need for gambling platform to issue the token since mostly of users can use various crypto. I think that this will give benefit for its holders. It's caused by i rarely see the gambling token has a good performance in the market.
I may know some but the performance can't be the same like blockchain token. It seems like gambling token was quite different and a bit more riskier.
Casinos that issue their own tokens will get funding from token sales to develop their casinos bigger, but unfortunately if they don't have a capable team to develop both then one of them will not perform well.
Right now I only invest in one casino token but actually it's not 100% coming from the casino, they just take over the development of the token. You should study deeply before deciding to invest in casino tokens.
member
Activity: 1055
Merit: 75
There were lots of casino tokens before the tokens that you listed and most of them cease to exist or another pump and dump shitcoins.

wink
CSNO
FUNToken

I think its only profitable if you own most of the supply because you get dividends from staking the tokens on the casino.
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