Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 29. (Read 8244 times)

But if you see the current status of casino tokens most of them are not in good shape so maybe this tokens is really out created just to have fundings to their casino and most of them rely on their casino reputation. If they don't have plan to advertise which we mostly see then we can say that they really not good to hold since for sure the progress of those tokens will delay. I would rather be careful investing on this and casino token investments is not for short tempered person because provably it takes time before we can see the result on it.

Most gambling platforms doesnt really make out hard advertisement when it comes into their token because they do know that it would really be just good for it to be used into their own platform nothingless.

They might do make out some announcement but mostly this isnt for the sake of funding the site but rather adding up some functionality or giving out options that they could able to make use on the platform itself.
It is one someones choice whether they would be putting some attention or emphasis on investing with these type of coins.

Yes, this sounds like something very good, however I have also been reading the thread on Betfury and there are many conflicting opinions that they do not think or are not excited about entering Binance, they really do not see it as relevant, but I do, in my case a casino token if it reaches Binance, it is obvious that it will be taken much more seriously due to the number of whales that there are, in fact in a privacy project that did not happen, the project went down, and I think that if they succeed something like this is likely that the Betfury Name will be much more recognized and acquire more whales, at the moment they start to investigate the token and know that it comes from a casino it will give them much more confidence for the investment, that is how I see it me.


That's right my friend, I don't know if you remember but in 2017 there were a lot of projects that were spread in all the cryptocurrency social networks, of course some were under the ugly name of the Icos, but once a project was given it was Inflows of money for investors in a great way, now all that has been reduced thanks to the bad actions of many at that time that marked many and despite the fact that many won, another large number lost a lot of money, now that we see these tokens of the casinos that have come out is a great opportunity to believe again, I have seen that soccer team tokens have come out and from 1usd they have gone to 4-5 dollars in a short time, so these tokens can have a very good future if they do things right.

The competition is a good sign for both projects. Developers will aim to move forward and to get an edge against other competitors who also offered the same functions, not just with the tokens but also from the actual business. Gamblers will be the benefactors, as the team will continue to find attractive ways to offer to bring more players to use the platforms.

From that situation, the token will be known more and if a good approach takes place, potential investors are just around. Some might be the actual gamblers and some are those who are doing their research and sorting which assets do offer passive interest.

BFG tokens have a burning mechanism, although of course it does not exert much pressure on the price in the current period, but in the long term and in the case of a successful listing, it may be more profitable for investors, in my opinion.

If tokens are developed good utilities are very likely to reach high prices, but get hype they must be unique compared to tokens from other casinos, they should prioritize token holder profits from gambling utilities and provide benefits to the casino platform. If the method is implemented in a casino project then the project will get the support of many gamblers and the crypto community.

Most people or gambler are aware about getting those tokens or able to mine via playing or wagering but we know that you wouldnt really get that much in terms of amount unless if you are a big

wager or a whale then earning these things wont be a problem but if you are just small time then accumulating would really be lot slower or something seems like there's not much.

Even if we do talk about real use case then it would really be just good in one point and thats why it cant really just get that much support and i agree on what you had
said about whales been dumping which it isnt really that surprising because everything could really be applied on this one.

The limited utility factor is only for gambling fans, so non-gamblers cannot take advantage of the utility of using gambling tokens other than expecting significant increases such as moonbet prices on the Bitmart exchange. Although BFG is better than Moonbet but technically the market is that Moonbet can reach high prices easily under certain conditions.

Why invest when you can mine them? You can simply play your favorite games and get the house tokens for wagering! Every day you will get some portions of other coins like BTC, ETH, TRX, BNB, and others... I feel like all of you have some short terms ideas when it comes to staking some casino tokens.

The reason why most of these tokens had a bad price movement is simple to understand, the price, in the beginning, was high, when whales started dumping their tokens the price had to drop! But if you check charts of some house tokens you will see they are holding pretty well in this bear market!

I think what he said there is confusing. Not sure if he is into hypes or not but I am with you. Hypes are bad because once it dies, then it's game over. I don't think there is a hype when it comes to these casino owned tokens so it's pretty safe to get them while their price is still low due to the bears.

Some of the coins like bfg is much older but if this is one of those you said which has a bad history then we can skip it for a while but pick those who have a better price history or we can also go with moonbet and similar new casino tokens because they might still have a big potential since they are still starting and the casino is still promoting them heavily.

While I am seeing great future in casino tokens but you are correct that it is not easily accepted. The nature of casinos will change with future innovations. But the most important thing is the utility or the usability. Every casino token has a community that uses it in real time and that is why it will become mainstream in the near future.
Betfury token is going good for now and still have great chmaces of maintaining it.

Avoid yourself in the hype but we know that if you could able to jump on a possible early hype then you would definitely make money with that but its really that risky as we all know.

Its up to someones choice if they would be investing with these casino tokens as showing some support to the platform or would just simply invest because they've seen opportunities to get in
and dont mind nor care about support or like that on a company.

As we can see that most of these coins have a bad price movement history and i dont see a point on which it would be worth on making money with these.

Drop my stocks on those tokens and I don't know if its really worth to go back since same as you I'm hesitant on the current market flow especially BFG token which drop so bad and didn't get huge volume for couple of months already. I guess I will drop the thoughts upon investing on those tokens for a while and will look only on new tokens which hype is burning thru its community since I think this is much profitable if we are careful not to get hype on those things.

This is interesting. I would love to see people investing these tokens giving updates here. I am also looking into BGF and Moonbet for a while now but am still hesitant due to the current market condition. Moonbet seemed to fail or maybe they can recover but Betfury casino is doing good.

The growth of these tokens is kind of limited though. Exchanges are starting to follow strict regulations in many countries. And correct me if I am wrong, but casino tokens cannot be easily accepted since they are kind of stocks. Will governments ask them to apply the tokens to their stock exchange?

Exactly, the developers / casino owners needs to blend with what investors are looking I mean those feature that will attract the attention of those who are in this business, Being well prepared will gain more trust and with that a possible more strong holders to work with the team, it simply dictating the direction of the asset, if the team gain enough to support the progress will continue and it will mean that in the long run the value will potentially increase.

Well, we hope they can be resolved the case soon because I am surprised that many cases occur after people deposit a large amount of money or win a large amount of money in one casino but they or that member cannot withdraw their winnings. The casino's reason is that many members who win a lot of money are cheating, even though we know some gamblers can win a lot of money from the casino. It seems this needs serious handling from the casino itself because if it is a genuine win from the member, they should not withhold their winning money but allow the member to withdraw the money.

You are right. That is why before the casinos launch their tokens to members and the market, they must prepare them well because it concerns the reputation they want to build. Do not let after the token is released, there will be problems that happen to the investors because it will be bad for the casino itself. Investors have gained a lot of experience from investing in casinos so the casino must really know what investors want and can provide good benefits for them.

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This casino offer LUT token and staking feature just like the rest of casino tokens, but now they're high likely failed since many crypto has been delisted on their casino and there's no update anymore, the maintenance is happen for a long time and not yet resolved.

They should focus really on the customers and that's why they'll only seek funding and investments if they will have something to do and it's quite big.
Because that will be the big reason for investors to invest in them if they're seeing that the casino is really doing well and has a lot of active gamblers that can be seen. A casino like that will be easy on their gathering and crowdfunding and going with the thing about tokens, that could also be part of their plan or roadmap to get into tokenomics and expand there.

It matters in how the person/investor sees his own preferences. There are market movements and project developments that these people are checking before they really invest in any project. Casino token is also part of those many assets that have potential not just for long-term holding and hoping that the value will pump but also with the chance of staking the coin and wait for your holdings to increase the numbers coming from your staking rewards.

I'm sure the casinos know what they have to do to make sure their project can achieve what they want and won't stop after seeing their project go well. If the project does not get the attention of investors, it means that something is wrong with the project and the team will have to fix it if they are still willing to continue. That is why they must be prepared with sufficient funds to start a project, especially if it is about launching a token that will support their casino project.

Speaking of Owltoken, I don't know how the case is, but I think the team from the casino will definitely settle it well because it concerns the reputation they have built before. If the case can be finished well, their casino will get good points and vice versa, their casino will not be able to continue the project anymore because people will think further about investing in it.