Investing in Casino tokens such as BFG, OWL or TFS - page 34.

Taskford

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Quote from: AbuBhakar on July 28, 2022, 08:49:49 AM

Quote from: delfastTions on July 28, 2022, 07:30:10 AM

I also think that devs know their business well and also what useful functions their tokens perform. I think that investing in these tokens is quite reliable and their universal purpose as an investment tool and at the same time a game token is to some extent a guarantee that the tokens will not turn into dying assets, as it was with thousands of empty tokens without any useful functions, which were released by all and sundry in 2017-18 at the ICO. Here the situation is completely different.

Correct, Casino startup nowadays invest huge funds on there casino product before they launch there tokens to the public. Most of them has a gambling license and working casino with real players unlike startup casino before that building from scratch using the funds from ICO sales which already proven that is not feasible at all because al of them died in the process die to limited funds.

And I never trust those casino who start with ICO because we don't know if they can provide quality platform for us to play like top tier casinos exist here. Also to many scams are already been happen so I better trust only those casino which is reputable already which release their coin because we have some assurance that they will not get rigged. The tokens mentioned by OP is actually not bad option and its up for investor if they take risk to accumulate those tokens.

paxmao

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Quote from: AbuBhakar on July 28, 2022, 08:49:49 AM

Quote from: delfastTions on July 28, 2022, 07:30:10 AM

I also think that devs know their business well and also what useful functions their tokens perform. I think that investing in these tokens is quite reliable and their universal purpose as an investment tool and at the same time a game token is to some extent a guarantee that the tokens will not turn into dying assets, as it was with thousands of empty tokens without any useful functions, which were released by all and sundry in 2017-18 at the ICO. Here the situation is completely different.

Correct, Casino startup nowadays invest huge funds on there casino product before they launch there tokens to the public. Most of them has a gambling license and working casino with real players unlike startup casino before that building from scratch using the funds from ICO sales which already proven that is not feasible at all because al of them died in the process die to limited funds.

I think that the investments are not that big compared to brick and mortar businesses for example, and that tokens and ICOs may hint to a project that is not yet complete. Since 2018 the ICOs have been correlated to bad publicity and that is something that any casino should consider before even metioning the word "token" in any of their initiatives.

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Quote from: Strongkored on July 29, 2022, 01:11:12 AM

Quote from: LUCKMCFLY on July 28, 2022, 06:28:52 PM

I think that people who want to invest in these tokens, whatever it is, it is up to them in particular, I could not give advice depending on what a person wants, if they want to invest in a token, just because they like it, they are free to do it, if you want to invest in a token looking for profitability, you are also free to do so, but you have to bear in mind that when doing so you must wait as long as necessary, and this is decided by the btc market, because the btc it is the only crypto asset that has its own life and not another currency, when taking these things into account, it is necessary to know that the investor must be aware of how the crypto market moves, so that he knows what to expect.

Sometimes the decision to invest in token casino-based is because they also see more profits if the investor is actively playing in the casino but unfortunately investors not carefuly to check how the crypto market work that the token value can decline because comply to movement of the btc price that is the reference affects it like you said, so you have to ready with all possibilities may benefit from the casino but suffer losses due to a bearish market

With BFG as far as I know there are more users got who their token in investment thru the campaign they did. I'm not sure who profitable it is when the revenue is shared to the holders. But I would assume it is profitable since Betfury becomes popular.

What is to worry with casino token is that they are not listed on big major exchanges. I don't see it going there like it is innovative enough for the tech loving guys out there. This is the kind of token that will serve more for the team.

Strongkored

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Quote from: LUCKMCFLY on July 28, 2022, 06:28:52 PM

I think that people who want to invest in these tokens, whatever it is, it is up to them in particular, I could not give advice depending on what a person wants, if they want to invest in a token, just because they like it, they are free to do it, if you want to invest in a token looking for profitability, you are also free to do so, but you have to bear in mind that when doing so you must wait as long as necessary, and this is decided by the btc market, because the btc it is the only crypto asset that has its own life and not another currency, when taking these things into account, it is necessary to know that the investor must be aware of how the crypto market moves, so that he knows what to expect.

Sometimes the decision to invest in token casino-based is because they also see more profits if the investor is actively playing in the casino but unfortunately investors not carefuly to check how the crypto market work that the token value can decline because comply to movement of the btc price that is the reference affects it like you said, so you have to ready with all possibilities may benefit from the casino but suffer losses due to a bearish market

LUCKMCFLY

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I think that people who want to invest in these tokens, whatever it is, it is up to them in particular, I could not give advice depending on what a person wants, if they want to invest in a token, just because they like it, they are free to do it, if you want to invest in a token looking for profitability, you are also free to do so, but you have to bear in mind that when doing so you must wait as long as necessary, and this is decided by the btc market, because the btc it is the only crypto asset that has its own life and not another currency, when taking these things into account, it is necessary to know that the investor must be aware of how the crypto market moves, so that he knows what to expect.

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Quote from: erep on July 28, 2022, 12:26:01 PM

Quote from: darkangel11 on July 28, 2022, 11:30:52 AM

It did, but it also crashed a lot when Bitcoin wasn't crashing. The fact that it didn't go down in price when bitcoin did only proves that this coin is more detached from bitcoin. Less influenced by bitcoin doesn't mean good, stable, worth buying. It crashed by itself, without the need for bitcoin to crash. When bitcoin went down a mere 15% OWL already corrected 60%, so it's obviously a weaker coin that people get rid of first in times of uncertainty.

OWL only increases +2% when Bitcoin market recovery reaches +10%, if it affects market support then OWL will increase high, but OWL drops 60% when bitcoin only drops 15%, should not be affected from the market because there is no pair to BTC so the price OWL remains stable. However, holding gambling altcoins is very risky and does not guarantee long-term investment.

Nothing is guarantee though, in this kind of investment it's your deeper analysis and research about the future of the token that matters the most, if you feel that you can trust the team behind the project then you can go long term and wait for the value to rise with your expected value before selling, there's always a big risk as the market is volatile and even the coin is progressive the support can be low and you'll see dump to happen along the way.

inanilujimi

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Investing in Casino tokens is like investing in token exchange, they have an existing platform and always benefit from the people who use it. if their capital strength is big enough they can easily steal the attention in the market.

Blowon

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Quote from: South Park on July 13, 2022, 08:30:53 PM

Quote from: Vaskiy on July 13, 2022, 06:02:35 PM

Unlike the market trend usage of cryptocurrencies on gambling stays constant. This seems to be the reason why there is not much of deviation in the market of those mentioned cryptocurrencies associated with gambling sites. Investing on these coins in the bear market doesn't look like a fair decision, because these tokens won't show much in growth when the market turns bullish.

During the bearish and bullish market the gambling industry is the one that is able to withstand. More ways of promotions are being done, but something as making it popular through sporting events seems to grab the attention of more investors which might boost the market.

To me this makes sense, we also need to take into account that a great deal of the coins that we have in this market have nothing solid behind them and as such it is natural they are extremely susceptible to the manipulation that is going on in the markets, but when it comes to casino tokens we know there is a company behind them which can back up the price of their token with the number of clients they have and with the profits they have gotten over time, so it is not surprising that casino tokens seem to be more resistant to the fluctuations in the market.

Personally, in my opinion, tokens created to follow trends such as stakes, farms or other things that lead to passive income for token holders from gambling sites, are not much different from other altcoins, only for tokens such as OWL, BFG, TFS. the product is visible and already has many users

erep

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Quote from: darkangel11 on July 28, 2022, 11:30:52 AM

It did, but it also crashed a lot when Bitcoin wasn't crashing. The fact that it didn't go down in price when bitcoin did only proves that this coin is more detached from bitcoin. Less influenced by bitcoin doesn't mean good, stable, worth buying. It crashed by itself, without the need for bitcoin to crash. When bitcoin went down a mere 15% OWL already corrected 60%, so it's obviously a weaker coin that people get rid of first in times of uncertainty.

OWL only increases +2% when Bitcoin market recovery reaches +10%, if it affects market support then OWL will increase high, but OWL drops 60% when bitcoin only drops 15%, should not be affected from the market because there is no pair to BTC so the price OWL remains stable. However, holding gambling altcoins is very risky and does not guarantee long-term investment.

darkangel11

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Quote from: Get-Paid.com on July 19, 2022, 06:18:41 AM

Quote from: darkangel11 on July 18, 2022, 04:18:14 PM

OWL is actually down. You need to get your perspective fixed guys Wink

It did not lose a lot of value in the last 6 months because it was already down from its high in November 2021, where it was trading for 0,5 USD and in December it was back to 0,17 USD. That's more than 60% loss in value and it continued to go down because now it's 0,11 USD so it's down almost 75% from its high and that's more than Bitcoin. Saying that it's a better investment in these hard times and that it's being stable is far from the truth.

It went down from $0.50 to $0.17 at times when Bitcoin wasn't falling that much, right?

It did, but it also crashed a lot when Bitcoin wasn't crashing. The fact that it didn't go down in price when bitcoin did only proves that this coin is more detached from bitcoin. Less influenced by bitcoin doesn't mean good, stable, worth buying. It crashed by itself, without the need for bitcoin to crash. When bitcoin went down a mere 15% OWL already corrected 60%, so it's obviously a weaker coin that people get rid of first in times of uncertainty.

AbuBhakar

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Quote from: delfastTions on July 28, 2022, 07:30:10 AM

I also think that devs know their business well and also what useful functions their tokens perform. I think that investing in these tokens is quite reliable and their universal purpose as an investment tool and at the same time a game token is to some extent a guarantee that the tokens will not turn into dying assets, as it was with thousands of empty tokens without any useful functions, which were released by all and sundry in 2017-18 at the ICO. Here the situation is completely different.

Correct, Casino startup nowadays invest huge funds on there casino product before they launch there tokens to the public. Most of them has a gambling license and working casino with real players unlike startup casino before that building from scratch using the funds from ICO sales which already proven that is not feasible at all because al of them died in the process die to limited funds.

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Quote from: delfastTions on July 28, 2022, 07:30:10 AM

Quote from: topman21 on July 24, 2022, 12:23:00 PM

I have invested BFG and OWL among casino platform tokens and staking on their platform.I just staking this coin BFG. I am profiting daily from BFG platform.I am being given bitcoin, ethereum, bnb, usdt trx etc as profit daily.The platform is a very powerful casino platform. They have far-reaching plans for the future.The team is working with great integrity. I wish them all the best from my side.

I also think that devs know their business well and also what useful functions their tokens perform. I think that investing in these tokens is quite reliable and their universal purpose as an investment tool and at the same time a game token is to some extent a guarantee that the tokens will not turn into dying assets, as it was with thousands of empty tokens without any useful functions, which were released by all and sundry in 2017-18 at the ICO. Here the situation is completely different.

Well in the end it's reliant on the casino itself, and if not managed properly it'll just end up as a token or coin that is oversupplied with no real/proper use as a token that would improve the experience that they get in casinos, like how VIP rewards and the like give to them. In that aspect, the usage of NFT such as in rollbit casinos which give out various benefits depending on what it is was a pretty good idea when they wanted to integrate it to their casino users as another alternative from their VIP aspects.

delfastTions

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Quote from: topman21 on July 24, 2022, 12:23:00 PM

Quote from: Get-Paid.com on July 13, 2022, 04:17:03 AM

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.
OWL for OwlGames - they offer 43% per annum on their OWL token, their currency has actually went up in value whilst all other cryptos went down - and why? Anyone knows?
TFS for FairSpin - not very popular but represents FairSpin, didn't go down in value much either.

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?

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?!

Huh

I have invested BFG and OWL among casino platform tokens and staking on their platform.I just staking this coin BFG. I am profiting daily from BFG platform.I am being given bitcoin, ethereum, bnb, usdt trx etc as profit daily.The platform is a very powerful casino platform. They have far-reaching plans for the future.The team is working with great integrity. I wish them all the best from my side.

I also think that devs know their business well and also what useful functions their tokens perform. I think that investing in these tokens is quite reliable and their universal purpose as an investment tool and at the same time a game token is to some extent a guarantee that the tokens will not turn into dying assets, as it was with thousands of empty tokens without any useful functions, which were released by all and sundry in 2017-18 at the ICO. Here the situation is completely different.

mak013

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Quote from: babygun on July 24, 2022, 05:37:05 PM

Quote from: uneng on July 24, 2022, 02:51:28 AM

Extra benefits inside the platform, just like a VIP program for loyal customers, so they increase their business' range to investors, rather than solely gamblers. From all casinos' tokens I prefer FUN, because freebitco.in offers benefits in bitcoin (extra interest rate), so you earn more bitcoins by investing in FUN, while also earning interest over FUN tokens during the period of time you choose locking your funds.
On the other hand, I would avoid venturing myself with tokens which don't offer advantages in bitcoin for holders and investors. Bitcoin must be always the focus in crypto market, doesn't matter how high are the yields paid by altcoins' investments.

I also invested in FUN tokens as the premium membership is interesting and with all the benefits that you get (WOF spins, extra interest on your BTC, cashback, ...), the ROI is rather short (around 1 year; depending on your luck also).

1 year ROI is short for cryptocurrency investing but the main problem that in cryptocurrencies you can`t be sure that the price will be stable. If it dumps - the ROI becomes 5/10/20/100 years. And the second problem that such tokens were made for nothing. If BTC or ETH for example grows up when the pump is coming, such tokens continue cost nothing.

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Quote from: uneng on July 24, 2022, 02:51:28 AM

Extra benefits inside the platform, just like a VIP program for loyal customers, so they increase their business' range to investors, rather than solely gamblers. From all casinos' tokens I prefer FUN, because freebitco.in offers benefits in bitcoin (extra interest rate), so you earn more bitcoins by investing in FUN, while also earning interest over FUN tokens during the period of time you choose locking your funds.
On the other hand, I would avoid venturing myself with tokens which don't offer advantages in bitcoin for holders and investors. Bitcoin must be always the focus in crypto market, doesn't matter how high are the yields paid by altcoins' investments.

I also invested in FUN tokens as the premium membership is interesting and with all the benefits that you get (WOF spins, extra interest on your BTC, cashback, ...), the ROI is rather short (around 1 year; depending on your luck also).

TimeTeller

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Quote from: iv4n on July 24, 2022, 02:08:56 PM

Quote from: serjent05 on July 23, 2022, 06:05:07 PM

I don't like buying casino tokens because it is subject to manipulation. I'd rather get into the chipsgg token scheme where Casino 's approach is rewarding token for every x amount of bet. In chips.gg, they don't sell token but reward them to their player. They do have a staking program of the earned token giving the stakes a dividend from the daily earnings of the Casino according to the percentage of their holdings from the total staked token. It wasn't selling at any exchanges but due to its staking program it does gives earnings to holders.

What are you talking about?! You get BFG by playing at Betfury, you get OWL by playing at OWL casino... Yes, Chips tokens can only be staked, but with Betfury and OWL other than staking you can decide to sell them and you can do it! While with Chips tokens you are limited...

It's nice to see people commenting without checking the thread and previous comments!

I think, it all boils down to the preference of the player, and where he wants to really play with.
Some would want to get BFG because they can sell it outside the casino, whereas,
some would prefer to get the Chips token because they are loyal player of the casino.
I do agree that you can get BFG or OWL, not only buying it, but earning it via playing with the casino.
At the end of the day, it depends on the player where he really want to play with, sometimes it is not about the casino token anymore.

iv4n

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Quote from: serjent05 on July 23, 2022, 06:05:07 PM

I don't like buying casino tokens because it is subject to manipulation. I'd rather get into the chipsgg token scheme where Casino 's approach is rewarding token for every x amount of bet. In chips.gg, they don't sell token but reward them to their player. They do have a staking program of the earned token giving the stakes a dividend from the daily earnings of the Casino according to the percentage of their holdings from the total staked token. It wasn't selling at any exchanges but due to its staking program it does gives earnings to holders.

What are you talking about?! You get BFG by playing at Betfury, you get OWL by playing at OWL casino... Yes, Chips tokens can only be staked, but with Betfury and OWL other than staking you can decide to sell them and you can do it! While with Chips tokens you are limited...

It's nice to see people commenting without checking the thread and previous comments!

Fredomago

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Quote from: uneng on July 24, 2022, 02:51:28 AM

Quote from: stomachgrowls on July 21, 2022, 05:25:28 PM

If we do try to look on overall utility of these gambling-based tokens then i dont really see for it to be needed but rather just an another money-grab by the team.Why the heck they would be creating it out for what? Functionality or usage on the site itself? We do have bitcoin and other top ranking coins listed or option so it is really just understandable that it wont really be getting much attention
for people on making use or buying those coins for the benefit on using it into its dedicated platform.As long it wont really be seen on other places then dont expect for such improvement
or popularity to risen up.Their prices is almost into the floor comparing into its previous ATH and i dont see the point nor being worth for people to make out some investment
with these gambling based tokens/coins.

Extra benefits inside the platform, just like a VIP program for loyal customers, so they increase their business' range to investors, rather than solely gamblers. From all casinos' tokens I prefer FUN, because freebitco.in offers benefits in bitcoin (extra interest rate), so you earn more bitcoins by investing in FUN, while also earning interest over FUN tokens during the period of time you choose locking your funds.
On the other hand, I would avoid venturing myself with tokens which don't offer advantages in bitcoin for holders and investors. Bitcoin must be always the focus in crypto market, doesn't matter how high are the yields paid by altcoins' investments.

If you do your research and you the future good potential the chance to grow your investment will happen, there are other available token or casino tokens that you can invest, but doing your DYOR is very important it can bring passive benefits and while waiting for the coin to rise you are already earning by staking from those coins.

Always depends on how you take and from how you see the possibilities in selecting your chosen assets.

topman21

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Quote from: Get-Paid.com on July 13, 2022, 04:17:03 AM

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.
OWL for OwlGames - they offer 43% per annum on their OWL token, their currency has actually went up in value whilst all other cryptos went down - and why? Anyone knows?
TFS for FairSpin - not very popular but represents FairSpin, didn't go down in value much either.

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?

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?!

Huh

I have invested BFG and OWL among casino platform tokens and staking on their platform.I just staking this coin BFG. I am profiting daily from BFG platform.I am being given bitcoin, ethereum, bnb, usdt trx etc as profit daily.The platform is a very powerful casino platform. They have far-reaching plans for the future.The team is working with great integrity. I wish them all the best from my side.

smartaction

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Quote from: X-ray on July 23, 2022, 06:40:27 PM

Quote from: smartaction on July 19, 2022, 07:14:03 AM

All coins in the market have lost their 60-80% value along with Bitcoin. But compared to that, the price of gambling coins has not decreased much. But as the price of Bitcoin rises, so does the price of gambling coins. So I mean buy and hold gambler coins are more likely to profit than lose.

Gamblers didn't even care with the bearish market. The price of some gambling tokens can still remain stable compared with the price of majority of tokens in the market. This caused by the gambling platforms have active users. These users are actively using the gambling tokens to bet. Remember some gambling tokens were also offering staking program for their tokens which is good for the gamblers to earn passive income from their gambling tokens as well.

It is wrong. Gamblers don't gamble using platform tokens. only few gamblers using token. And all gamblers use coins like bitcoin, usdt, bnb etc. However, must of the people buys gambling platform tokens, either for staking or holding. And such incidents happen more often.

Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 34. (Read 8244 times)