Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 28. (Read 8200 times)

Like the rest of the alternative cryptocurrencies, the success of the currencies that gambling platforms may produce to support themselves is related to the success of the platform itself and the extent of users' demand for it, and not like the rest of the currencies whose value is only related to the volume of its trading on the trading platforms.
What really surprised me about these coins is that there are not many platforms that have their own coins. Even during the last years when cryptocurrency was in its heyday, we haven't seen many coins associated with gambling platforms. Honestly, I am curious to know the real reasons behind this .

If you consider the risk, casino tokens are riskier than conventional cryptocurrencies because token holders are more gamblers than any other crypto community, trading volume is low and volatility doesn't always depend on the market because when the market increases there is no guarantee that the casino token will also increase. DYOR
So I am not interested in investing in casino tokens but you do have the option of investing in casino tokens but please be aware of the risks before investing in anything other than top coins.

Risk is always there and not just on casino tokens, as long as you know the background of that casino and you see that they're doing good. The risk will be minimal to you if you DYOR.
But at the same time, the volatility of the value of these tokens is also market dependent and you can't do anything with it if a whale dumps all at once or someone has to pump it. They're prone also to those things the same goes with the conventional cryptocurrencies.

Although I am not too certain what is behind the price rise in OWL, I suspect it could be artificial price pumping from the side of the OWLdao team. The reason for this speculation is because their token was very limited when it came to actually selling it.

I worked in a signature bounty campaign where they paid part of my reward in BTC and part in OWL. I did not see OWL fall in price after the tokens were distributed even though the market cap was relatively small. So what happened?

Well, I found it extremely difficult to find a way to sell the OWL tokens at an exchange with enough liquidity. The other option was signing up on some KYC exchange that I did not know about. I was not about to send some unknown exchange I have never heard of my personal information, so I kept waiting for a higher liquidity at the DEX where it was also listed. That liquidity never came so selling was not an option.

I might be wrong but I think thats why its not falling. Because they have made their token annoying hard to swap/trade.

There are risks on all the coins in the market, one, because of market, industry, and economic condition, two, on the trust of investors of the project if they cannot keep up with the development plan that they laid out, market condition and industry condition can change but when the coin you've invested is neglected even if the market is good you have to dump or leave it, so always check or monitor the project where you put your money in.

The thread has many points of view that are good, and some people are not so risky when it comes to investment, they only make sure to buy when it is very safe, that's fine, but I am one of the people who take risks, and if I lose, then or I stop what I lose, it's not like I'll post everything, but at this point a person already knows what is good and bad, what they can risk or not, so if they bet on these tokens they know the dangers.

The probability of going down on these coins is always there but with the exception of the top coins in the market majority of the coins in the market have suffered from dipping and dumps but so far these casino-based tokens are doing great in the market, I can trust tokens with a platform, usability, and community and so far all these casino based tokens have all these.
Price is stable I see Owntoken just launched their signature campaign and Betfury planning to launch another one, these two tokens are still worth investing.

Honestly anyone who invests in these should expect to lose all their money. There is nothing particularly unique or special about these coins, it is somewhat similar to buying clothing in games - once that game loses all popularity that money you put into it is no longer worth anything. Much like the NFT craze, a lot of money can pour in and one day it will all come tumbling down without any logical reason. There is really little reason for these additional cookie cutter cryptocoins and the only people benefiting are the owners of the casinos who get an extra source of advertising with very little risk involved, in fact they might benefit in other ways as you've described the irrational hype pushing up the values.

Or wont really be increasing at all despite of long time running or existing kind of coin because if we do really tend to look at into its utility then there's no other usage but rather on the platform only which means

that it would really be just only good for that part and possible investors  wont really be seeing this to be an interesting thing for them to make out investment decisions.If we do compare their current price
into its ATH then it is almost on the floor and this is why some people do say that it isnt really moving that much or not affected with market trend is that its price is already on the floor
which it would really be that understandable that they arent making such movement.

There is hardly any good coin apart from king bitcoin, Ethereum, BNB and few other coins that is long term. If you can remember so well, the coins that were blooming in 2020, most of them are no more today. It is not easy to have a long term coin. But for the time being, this casino tokens are doing well if given the duration of 2yrs or less.
Those casino tokens you say you don't see again, are their companies still functioning or the company winded up as such the token?

Listing, listing, listing... I guess in this gambling-related thread we have more traders than gamblers! Nothing strange, in the ANN threads of casinos with dividends people talk more about listing than about gambling as well. I used trader term for a reason, because most of the traders just look for a way "to get in and out" with profit, while investors would invest in some token and hold it for dividends payouts for some time!


Profit-sharing casinos are fine, it's something new for all of us! You are right, I have seen some really bad projects in the past, but I think that some of the casinos with dividends are good for now, some of the are around for +2 years... and I think they are here to stay! Simply they are growing all the time, their popularity is growing, these casinos are better and better in every way, more games, more features, all that developing should mean something.

Most likely that's what is happening to the casino tokens, they're more for the trades rather than their use cases. Traders will see the potential of it and will go for the trade and then do whatever is necessary next. But to those that are holding for a reason, it's all about the use case and expects that most of the traders of it won't think of any other thing but just to trade it as long as it has a huge volume made by the investors and traders of it.

I would say these are very risky investments. I haven't seen any good coin/token of any casino which survived in the long run. I can't remember the name; there was a casino with such token back in the day which doesn't exist now despite the casino being a popular one.
If you are interested in these coins/tokens by watching their recent pump;l FYI, these coins/token prices are very much manipulated by the team as the circulating supply is very low. It's a scheme to make the owner rich; nothing else TBH.
I would strongly advise staying away from these shits.

Most of the time, when Bull starts to hype the market, everything will go along. Established usages will give those assets a good chance to experience good bounce. You really need long patience to stay calm even you see the market fluctuate and it's against to your buying position. The time will come when the project will give a very decent amount of benefits.

Try to do more research and follow all the achievements and development of all those coins that you think will bring a decent amount of benefits.

I think that gaming platform tokens certainly have a future. 

It is also worth noting that the pricing processes of such tokens can be quite large and many people do not have the necessary patience and do not quite understand in advance how events will develop.  We all know that bitcoin has sharp rises in price about once every 3-4 years.  But any tokens, including gaming ones, are also in a similar trend. 
As for the percentages, as long as they fluctuate between 35-45... it doesn't really matter.  In short, we are all waiting for the Bitcoin bull market. 
And everything will be fine with tokens.

What do you think is the reason for the percentage drop? Could it be because Owl paused their campaign for sometime and the people they pay through their token no longer patronise the token and making the utility to drop? If it is because of that, since they started their campaign again can it grow back?
Op when it comes to investment is it always dyor. For my personal opinion there is future in casino coins, also check out betfury token.

Listing in bigger exchange site means more demand to come although if the whales didn't even actively using the platforms as mostly of traders may focus for doing future trade rather than use tokens on its platforms but this can also push the price to go even higher. Burning mechanism would be very profitable if there would be huge amounts of tokens being burned regularly. That depends on how much revenue from the gambling site itself.

Yes, this is a way to be able to see the benefits that these casinos offer with their own coins and it is something that should be recognized, in fact I have spoken with many friends, where I tell them about these coins or tokens but before buying, because they want to buy because they want to earn money, I let them know the risk they run there, and by telling them that at the time they make their investment in these coins or tokens they have to know or think that they should not expect quick profits, and that they can only put that money that they are willing to lose in its entirety, in fact that is what I was talking about today with a friend who wanted to invest and in turn buy a trading bot.


Well, you are right about that, it has gone down a lot, but it is already as you have decided, there are many people who buy with the hope that it will go up and it is not a bad idea, in fact it is a smart idea to be a good investor, there is a great possibility that when the price of BTC goes up these tokens have a big rise, in fact I think one of the reasons why it's smart to do it is because lately this is a good time to do this type of investment, the price of BTC is relatively low , at the time these tokens go up and up, a good x3 x4 may go up, which is what can easily be seen, but it is not something completely safe, the risk that exists is that, but each person thinks and chooses the best way to put your money and these tokens have a big advantage, they are from casinos.

Right now, if you look at the percentages on their platforms, they have dropped even more, like when owl used to be at 43%, now they have dropped to 37% if I'm not mistaken, and when it comes to the volume they accumulate in every day its volume is almost indistinguishable from BFG. When it comes to the question of whether it is good to invest in them, my answer to that is that it is always up to you. But for me, if I'm a believer in BFG and OWL, I always want to invest there because first, it's okay no matter what the volume in the market is, then its price is low compared to when it was high, so it's good to hold it for the long term even anyway, just for my own opinion and understanding.

Some casino side with token but gambling is possible and some want to edit instead of token to gamble there which has more facilities I think but besides that we are much better