Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 27. (Read 8244 times)

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.

I’m in favor on your about volume because it’s the real basis on the performance of the token. Without a volume means no one is interested on this token even small because most of this token volume is coming from DEX which is known for no fake trading volumes. The casino token is still healthy if they still have trading volume in daily basis compared to zero. I really don’t preferred investing right now because of the sentiment but I’m happy to hold my old investment on this tokens.

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.

I singled out the idea in my post. In such situation token looks the same. I don`t think that this is right position to compare successful casino with dumped project. If you compare the same quality tokens in casino and in any other project - you get the same results. No one can guarantee that casino can not only progress but it can scams too(for example).
Investment is long way instrument. In cryptocurrencies you can`t plan for a long distance(except BTC possible).

That's another kind of strategy and if you see it works with your investment better to keep it or try to enhance more, you can try to play with the target both buy and sell position. It's more about how you see the future of your asset and the time frame that you think it will rise up. There's long and short position and that kind of decision must be according to how you fully understand the market.


Correct! everything carries the load of risking your money, it's not easy but it's doable when you know what project to invest, same deal with casino tokens you are also risking your money in trusting the future of their token, most of the time investors rely with how the developers delivers progress and how they met each time frame from their projected development.

Due to many analysis gambling token have prospect compared to other tokens, do you know that in gambling there is always continuous program and development in as much the gambling site is still active and functional, there would be very large chance for token to worth more than any other dumped project out there, so it can't be compared to shitcoin and even many projects lack structures and basic developments. Must coin have been delisted due to inability to meetup market/exchange requirements.
In OWL i think there is a buyback mechanism which is set for the coin to be more valuable in time to come.

Investing in cryptocurrencies, even in ETH or BTC, carries a high risk, and investing in some tokens is much more risky. Gambling tokens for investment look just like any other token with an idea - you can make huge profits, but only with the right token at the right time. And I can't say that we are talking about investments - in the long run, the price basically swings and drops and no one knows what result can be obtained in 1/2/5 years, it depends on the market as well as on the project.

agree with your opinion but only quality projects with a long time stay alive, as I experienced I have tried it several times but the project dies not even reach 1 year, that's why if I get enough profit I will immediately sell it and when you lose 25% also immediately sell it

Those of us who have been interested in cryptocurrencies for a long time, I think, are already used to the fact that the Bull can be expected for several years.  And the whole history of crypto market cycles shows that you have to wait a year, two, three or even 4, but no more. 
But apparently those who are new to tokens and crypto markets don't have that kind of patience and may find it hard to keep tokens for that long.  But if they listen to the advice of senior comrades, then in the end they will be left with a serious profit. 
The main thing is not to make impulsive sales.  Game tokens are a pretty good long-term investment.

Most casino tokens can be traded on exchanges and some casino coins are listed on CMC, casino platforms have different whitepapers for token utility including for dividend distribution or the tokens are used to unlock casino exclusive features thus encouraging gamblers to have casino tokens. However popular crypto based casinos have not released tokens to support the growth of gambling coins in the crypto community, popular casinos have large investors and solid partners so there is potential to increase the market capitalization for gambling coins and can reach the top 20 CMC rank of all other coin lists.

Yes, in fact at this time it is very difficult for me to determine what can happen in the market, there are many things that can happen in relation to the market, for me everything has to do with Btc, it cannot make tokens or any other type of currency if the btc is doing poorly, or is in a bearish trend, but particularly at the moment for me the market can go down if the war breaks out between China and Taiwan, this is a fact if the problems occur or become more complicated, USA it could take action if things are not resolved quickly, since some fundamental issues such as covid-19 are no longer so relevant, I think that everything happens according to what the world is waiting for to happen with the dollar, the possible fall what they are waiting for, for this reason is that each person is responsible for their own investment decisions.


I think that in any investment of tokens or altcoins there will always be an apparent risk, everything depends on the person assuming that risk, on the other hand everything is subject to what Bitcoin does in its respective movements, right now it is at $21.54k but everything it is that the person who invests has patience that can wait as long as necessary until obtaining good profits, if he does so he would be doing a great deal, otherwise he would be risking his money in the short term, because if the price is very low what he bought, it is useless to withdraw it at a loss, because it is not worth it, whoever has an investor's mind knows very well that he has to stick to that simple rule.

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.

Typical casino tokens can be trade on exchange and only few casino token don’t have any exchange because they are for sale instead you can just mine there tokens through playing in the casino. They will just send dividends to all token holders and this is the only feature of these type of casino tokens. They are not scam but rather it’s design is just for dividend distribution purposes only. Casino token doesn’t have an end goal to list on exchange because token utility is the top priority rather than its listing.

they will exchange on gambling sites that offer these coins I think, or make p2p transactions to active players on the coin platform,
and it's also possible that every casino that has a token will definitely have an end goal for the token, and eventually there will be an exchange,

I think it can work if the casinos keep trying to provide the latest updates regarding their projects in the token field and always put the satisfaction of members or investors first. Casinos can reward holding their tokens but investors should also pay attention to whether it will be worth it or not, especially if the tokens have not been released in the market, because of what investors will get if only holding the tokens. I agree with being an active gambler because it can provide other benefits for us, not just being their token holder if they want to give loyalty bonuses to their active gamblers.

I think the casinos must have a plan before they launch their token program and we'd better wait for further notification from the team. If the casino is reputable, it will not try to deceive people. Giving tokens as part of the incentive or in the form of bonuses to its active members will hopefully help the casino get more new members. Thus, members can get benefits other than just playing gambling and later selling it on the market once the casino can achieve its plan step by step. So be patient to wait for it and enjoy your time playing gambling there.

in my opinion, it is best to invest in a casino token if you are a loyal patron of the casino itself. because you will be updated on what's going on and what other promos the casino are offering if you are a token holder. because there are some incentives if you are a holder and that's what you will get as rewards of holding their token, not only for possible trading but other features such as staking or other bonus programs. but as i said, would be better if you are also an active gambler on their casino as you can maybe make the most of being a holder.

I think it has a point because if casino tokens can't compete with other casino tokens, their tokens are meaningless and cannot be sold at high prices, especially if the casino tokens are obtained from playing some gambling games that can give them more losses.

I prefer to invest in that casino without having to invest using their tokens because I see it will provide an opportunity to generate profits in the future. But it's up to each, and they have to consider the risks before deciding.

i never thought about investing in gambling tokens all this time. because investing in gambling tokens for the long term has a very high risk compared to other coins that already have a good track record for the long term. and there are some tokens from gambling as well that used to exist and are now gone from the market and have no price anymore.
many also think that investing in gambling tokens can make you rich in the future assuming that as long as the gambling project is still standing, the tokens will pump in bearish times in the coming year. but such an assumption to me is not true

Investing into cryptocurrency is risk, and with these gambling based tokens will be little more riskier. If a token have been backed with a minimum viable product, then one can invest without fear. We can't find this with every project. Some used to just tokenise the service and hype the project. The end result will be a price bumping and later within small time period the same drops back.

maybe because some of these casinos have no interest in creating their own coin. just plain and simple. as there are so many alts now aside from btc that they can integrate in their payment system, there's no reason for them to create their own anymore. because it will be another burden for them to market and take care of the developments of their own coin. as we have seen, very few achieved some sort of success deploying their own casino coin/token.