Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 30. (Read 8244 times)

I agree Owltoken has two serious scam allegations and it has a bad impact on the price of its token in the market within seven days the price drops to -16.8% I'm still running on profit but if the scams allegations are not properly addressed and there are more allegations coming the confidence of the investors will diminish.
They should do something about this by being active here and addressing the complaints and if possible do a marketing campaign again.   

This is true or simply a fact because whenever bitcoin do make out some significant move then no matter what type of project or token it would be then there's always a probability or chance that it would
really be tagged along which is a very normal market condition or situation that do really happen and this is where people do really loves to see thats why even they dont make out some
in depth search about such project as long it do falls into the category which is something good to enter basing on technicals or even recommendations or even just because of hunch
you would definitely be buying it no matter what.It all matter on preference.

The other efforts you're talking about, they know what they do and what's needed to be done. The token will seem to be worthless if they don't do anything with all their capacity to maximize its use and if they really need it. Those that are successful, don't need it because they have their own fund ready to cover the whole cost of their operation and other expenses that they need to do.


Yes, no reason for them to put that up since they have a good running business. Maybe, in some time in the future when they really need that. It's either they go on a bankroll investment offer or token.

This could be the case, especially if the casino guarantees they will get more benefits by holding the token or using it to play gambling. This is the main attraction of casinos that can attract big gamblers who use large amounts of money because they can get bonus tokens and other benefits if they hold the token.

Casinos must be able to maintain and even improve their casinos and grow to be bigger than before and that can be run well if they are serious about the project.

The release of their tokens automatically binds players to a particular casino and is even a kind of guarantee that the player will continue to play using these tokens.  I think that the release of their tokens allows the casino to maintain the presence of players in the game for a long time. 

And it is also an excellent advertising and promotion tool to attract new players.

Yes, the casinos seem to see the potential to launch their tokens to provide other benefits to their members. But it must be accompanied by other efforts to make their tokens successful. For casinos that already have popularity, it is unlikely that they will do that because they will think of other things that can make their casino always get a good reputation. Popular casinos don't just want to keep up with the current trends because it doesn't necessarily work for their casinos. They should focus on what they are already doing and keep trying to improve it.

Yes, and precisely from there is where everything originates, because there are players who are not very interested in the crypto market, but in continuing to add and add "coins" that for them represent money, and this is not something that is so bad, In part it is a strategic plan that casinos have to attract more customers, but by having customers who know the crypto market, who know about investment, trading, among other similar things. the casino not only attracts the born players, but also makes the insiders learn and educate them about crypto and those players who know a lot about crypto and trading have another perspective on the tokens, that is why the diversity of opinions.

Yes, you are right, everything that is about Pump and Dump is many things, there are some people who are dedicated to the detection of these signals of this type, however this is somewhat difficult when there is such an unstable market and with a high uncertainty index, because if in a given case a person dedicated to giving these signals determines a possible bomb, and if there is a market crash, the loss is inevitable, there is nothing to do there, however, when there is a project that takes place in a somewhat bearish BTC market, it is very likely to be successful, because when BTC goes up it is very possible that these tokens go up, but not by magic, those of the project have to make their hodlers fall love.

On point and people should know about the basics about low-high volume where price would be entirely different if we do talk about behavior in terms of pump and dump.
I agree into the word that i dont see much relevance in terms of utility of these type of tokens which could really be only used on the platform itself thats why they arent really
getting that much attention or something not really surprising but its up to someone and as a show of support on a casino then its depending whether someone will
really make out investment and trust up.

The less volume a token has, the more volatile it is and the easier it is to manipulate, which is why these tokens are pushed by a few buy orders and sell orders, resulting in dumps. Casino tokens do not normally have a use case like typical projects and hype like other tokens out there, so a single person or group can do whatever they want. They can even buy their token at a lower price and decide to pump the price, and once they get the attention of traders who like to pump and dump, they sell on them and withdraw their capital and profit.

My advice is to buy Casino tokens only if you need to use them for some benefits within the platform and not as an investment like other cryptos.

Timing and patience, both are needed to assure that you'll be able to gain the target potential profits, it's not easy but if you are good in analysing and you are keen in finding the right coin to invest, this market is big for you to make decent profits. Those mentioned tokens do have their respective ways to attract possible investors, more on how they will take the project and how they will follow the development.

Holding and staking are something that investors might be interested in and be attached to the project. As long as the developers are doing their job, there are investors that will support and invest in the project.

Well I think its also due to market condition. We see a lil bit of pumping in the market recently. I saw that they are partnering with some big names out there and some influencers that could possibly be the reason for the pump. The market is recovering and surely we'll see more of these.

a situation like this is quite difficult to describe, right, because tokens are clear we know are trading impressions that we can see can or at any time can go down drastically or vice versa, the view is also possible because it can go up continuously, the results of the money you get their platform is made to improve the quality of their tokens, if you want to trade or just want to store it better analyze it well

We need to understand that tokens are somethings that has more higher volatility even than the coins itself, well atimes those behind the NFT pump the price just to deceives and eventually you discover a sporadic decline in its value, this is risky enough but weather rising or falling ones you have your assets in tokens then bear in mind the more danger it poses and same way it has a good opportunity to provide as well, but the effect of pump and dump could be disastrous.

Yes since basically that means that those casino didn't join the token creation scene have enough funds to sustain their business and we can't see some reason about doing something bad in future because they are self sustainable already. Compare to those casino which offer a tokens to their users and I really find that little questionable since first they need to sustain the price of their token since if this one dump maybe this will lead to their existing and other players to lose their interest playing on those casino's.

It's like a domino effect that they've seen this success of making tokens from the other casinos. And it's all really about crowdfunding to help the site upgrade and become better.
I salute those casinos despite their popularity, they're not dwelling and diving into this idea of having their own tokens because they can sustain their operations just how it used to be.

That is why casinos need to think about registering their tokens with trusted exchange sites to show that their tokens have good value to continue to grow. Even though they have to compete with tokens from other casinos, as long as they stay consistent in building something that can be useful for their members, the token project will thrive in the future.

The gamblers themselves will try to get more tokens from the casino by depositing more of their money into the casino. It is this hope that makes many whale gamblers use more money to try to get more free tokens from that casino.

This is a late reply but everyone should see reality.

This is more because the whales and the project's team controls the market for OWL tokens which is also very illiquid. The market makers for this only needs a small amount of BNB and small amount of OWL tokens on the other side to maintain the price.

This is tokensniffer.com's analysis for OWL. This does not imply that OWL will rugpull because the team has been trustworthy since the beginning, however, the team certainly can if they want to rugpull.

https://tokensniffer.com/token/0x9085b4d52c3e0b8b6f9af6213e85a433c7d76f19

Yes I definitely invested casino tokens but I BFG this casino token I invested.In particular, I left their tokens staking on the staking platform.Among all the casino coins I've seen, I'm being offered a few more token stacking bonuses from the BFG Casino platform.It's really gratifying. I am making a good profit every week from here. I took a lot of profit from here.For me the BFG platform is much better overall.

i don't think the stats are available. but what am seeing here is that i thought BFG is more popular than OWL. so it really depends on what we perceive here about these casino tokens. about if you are a holder of these tokens, you will know more about their usage, popularity or what they are doing in the current market. so if you own one, better keep up with the plans of the site itself and see if there is really future of holding one.

Let me make it more easy BTC has its own movement due to its unique Bussniess model and BTC is much more Sustainable as its Model is Trusted by maximum investors as they keep in mind that its the store of value Alts follow BTC movement and sometimes the developments donw on the alts make them possible to gain Up. But eventually common point is Demand and Supply if token you are investing is having 10B supply and 1B in market so There is need to make the Attraction of Investors to meet demand and supply to maintain Gains but thats nearly hard even Burning is Required sometimes. So utility+ demand decides your future.in the Alts.