Investing in Casino tokens such as BFG, OWL or TFS - page 36.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: coolcoinz on July 19, 2022, 05:21:47 PM

When you invest in a casino token you risk that:
casino goes bankrupt
casino gets banned in some countries
casino scams and gets bad rep
token gets delisted on some exchanges

That's why it's called "risk" in the first place, right? Obviously, what you have mentioned are all "what if".

Of course, we will just face the risk of something that is worth putting a shot. Why invest in casino tokens just that simple without even doing further research if those are somehow worth putting money into? The DYOR acronym is not created for nothing.

There's no point in comparing it to Bitcoin for obvious reasons our options are not only limited to Bitcoin-related investments.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: ultrloa on July 19, 2022, 05:58:28 PM

Quote from: Haunebu on July 19, 2022, 10:13:06 AM

Casino tokens are only relevant for as long as the sites that they are linked to exist. What do you think happens to them if the sites suddenly disappear one day?

I think it's worth investing in them as long as the sites that they are linked to are popular and reputed sites which are trustworthy. However, I don't advise investing big amounts into any of these tokens no matter how legit they are op.

For sure it will also collapsed since many investors will keep looking after the strength of the casino for them to determine if the token still good to hold or not. But even if there's something potential with this casino owned tokens still I don't grab any of them and preferred to buy old quality coins which prove their existence for many bear market they go thru.

it really depends on the user. but for example, some gamblers are preferring to hold some casino tokens because they are actively playing on that casino. and there are some perks that come with it if you are a holder of their token. but i do agree, that in the long-term scenario, if you will not be an active player of the site, you need to make sure you are up to date with the site if you decide to hold their tokens. because the scenario of shutting down without a warning is always there. and if that happens, your tokens will be worthless.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Haunebu on July 19, 2022, 10:13:06 AM

Casino tokens are only relevant for as long as the sites that they are linked to exist. What do you think happens to them if the sites suddenly disappear one day?

I think it's worth investing in them as long as the sites that they are linked to are popular and reputed sites which are trustworthy. However, I don't advise investing big amounts into any of these tokens no matter how legit they are op.

For sure it will also collapsed since many investors will keep looking after the strength of the casino for them to determine if the token still good to hold or not. But even if there's something potential with this casino owned tokens still I don't grab any of them and preferred to buy old quality coins which prove their existence for many bear market they go thru.

coolcoinz

legendary

Activity: 2744

Merit: 1174

Quote from: Haunebu on July 19, 2022, 10:13:06 AM

Casino tokens are only relevant for as long as the sites that they are linked to exist. What do you think happens to them if the sites suddenly disappear one day?

I think it's worth investing in them as long as the sites that they are linked to are popular and reputed sites which are trustworthy. However, I don't advise investing big amounts into any of these tokens no matter how legit they are op.

Exactly!

I don't invest in these token because I see the value in Bitcoin and all my investment money goes to bitcoin, but I'll give you a simple comparison of the two:
When you invest in bitcoin you risk that it goes down due to some external problems like war, or internal problems like the transaction bottleneck in the past or an exchange hack.
When you invest in a casino token you risk that:
casino goes bankrupt
casino gets banned in some countries
casino scams and gets bad rep
token gets delisted on some exchanges
all tokens take a hit because of a bitcoin drop or because bitcoin faces some problems mentioned above and drags the market down
and probably some more

YOSHIE

legendary

Activity: 2128

Merit: 1775

Quote from: Get-Paid.com on July 13, 2022, 05:17:03 AM

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?!

All we know here, coins go up on demand, even though OWL coins, are rarely used by users in games on their own gambling sites, but there is a high chance they have something else that makes OWL fly.

My guess, if I'm not mistaken, as far as I know, the OWL Team has already completed the campaign stages (1) and (2) in this forum, plus the sig campaign, I believe they have got big investors for their project, which makes OWL get light green in crypto market.

I think, that's the reason I think that makes OWL coin go up at the moment, I saw on MEXC exchange, their trading volume is quite large, maybe that is also one of the factors, the point is demand.

Cookdata

hero member

Activity: 1078

Merit: 903

Not Your Keys, Not Your Bitcoin

Quote from: Eureka_07 on July 17, 2022, 12:05:26 PM

Quote from: Get-Paid.com on July 13, 2022, 05:17:03 AM

I think all these three casino tokens are good and are already established good reputation and market. But to choose between the three right now, I think I will not choose the one that has been risen up in value. There could be reasons that it's only a short period of hype, but I believe on other coins that has been down so much right now, I think they will recover soon enough. Not an investment advice.

It is a product that can give value to a token, if a casino and the team can do more than the platform itself, investors wouldn't worry about short-term growth like the way you fear now, one of the problems with these casinos is that you can never predict their longevity and be sound to the demands of players. As long as players keep using the medium to bets, there will always be a utility for the token and employing a burning mechanism will improve the value over time.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Casino tokens are only relevant for as long as the sites that they are linked to exist. What do you think happens to them if the sites suddenly disappear one day?

I think it's worth investing in them as long as the sites that they are linked to are popular and reputed sites which are trustworthy. However, I don't advise investing big amounts into any of these tokens no matter how legit they are op.

mak013

hero member

Activity: 2492

Merit: 761

Quote from: babygun on July 18, 2022, 04:01:35 PM

Quote from: mak013 on July 18, 2022, 01:17:24 PM

I don`t think that this is a good idea to invest in casino tokens. It is possible that they pumps sometimes, but i doesn`t depends on the casino most of the times. And casino have to invent some system like as frozen tokens to make investors don`t sell it.
Such tokens may be interesting if casino develops their own blockchain and use their tokens as a commission for example, but it is heavy expenses for the casino that they don`t need.

I don't really agree and everybody needs to do their own calculations to see if it is interesting or not. If you look at Betfury for example, they got a maximum cap in place and do monthly burning programs also.

Of course everybody does his own research. Someone can believe in project, someone is waiting for pump. There are different investing strategies and everybody choose what to do with his own opinion. But we saw different ideas that are useless. It doesn`t mean that we can`t get profit from it, this only means that it is bad enough for investment. Only when all the market grows and everything brings easy money.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: smartaction on July 19, 2022, 08:14:03 AM

Quote from: Get-Paid.com on July 19, 2022, 07:18:41 AM

Quote from: darkangel11 on July 18, 2022, 05:18:14 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?

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.

Possible to happen if you are holding casino token that has reliable business. If the casino shows good progress, the chance of your

Investment to grow is really high. You can say that the future is bright and adding more when you have spare is also a good choice

to do. Keep in mind that there are always good reason behind each project and casino coins, as utility can share investors passive

benefits.

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: Get-Paid.com on July 19, 2022, 07:18:41 AM

Quote from: darkangel11 on July 18, 2022, 05:18:14 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?

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.

Get-Paid.com

sr. member

Activity: 1842

Merit: 389

Quote from: darkangel11 on July 18, 2022, 05:18:14 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?

Hamphser

sr. member

Activity: 2534

Merit: 332

Vave.com - Crypto Casino

Quote from: darkangel11 on July 18, 2022, 05:18:14 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.

Most of them are just staying on the floor on where people havent checked out on how deep is the dip of their current prices if we do compared into its actual ATH.It might not able to make out much movement
on past months which doesnt indicate that its price is holding well or we could say that theres really a demand.Why we cant just say that there were almost no people been dealing with these coins?
Prices wont really be moving that much if there's no activity behind buyers and sellers not only into this coin but also in other coins as well.
Best ones would be holding its value not really that less or too much in big percentages on drop value.

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

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.

iv4n

legendary

Activity: 3248

Merit: 1179

Quote from: coinerer on July 17, 2022, 01:54:20 AM

Quote from: ?? on ??

Quote from: Get-Paid.com on July 13, 2022, 05:17:03 AM

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

All the three projects you mentioned have gained quite good reputation on the gambling site as of lately. Especially owl games is different from others. It conveys DAO token which greatly attracts gamblers including investors, for this reason gradually it is getting the top position. Just look in the bearish market all the coins price reduce drastically but gambling coins are most likely stable or some coins is increasing. As the crypto market improves, the position of these tokens will improve, especially Owl Dao will take the better position.

Actually no Altcoin is stable. Be it gaming tokens or other coins. But gambling coins are less dump than other altcoins. Because gambling coins are used by many gamblers for gambling. And many people are buy it and Hold or Stake. So its price is often seen increasing. And as such OWL token is a good gambling coin. Which is already very popular

I didn't follow OWL price, maybe it's up... comparing with a few weeks/months earlier! But we can say the same for FUN tokens from Frebitco.in, and for BFG tokens from Betfury... those two I follow, and my balance these days is worth more than a few weeks/months ago!

OWL token price is calmer (if we can say it like that?!) than FUN and BFG token prices, but I guess it's because a lot more people have fun with FUN and BFG! OWL is simply too young... I see some people are shilling a lot about OWL, but simply it's too early to say anything! If I learned anything in crypto it's "give it a few years and see how it handles before making any long-term predictions"!

stomachgrowls

hero member

Activity: 2982

Merit: 790

Quote from: babygun on July 18, 2022, 04:01:35 PM

Quote from: mak013 on July 18, 2022, 01:17:24 PM

I don`t think that this is a good idea to invest in casino tokens. It is possible that they pumps sometimes, but i doesn`t depends on the casino most of the times. And casino have to invent some system like as frozen tokens to make investors don`t sell it.
Such tokens may be interesting if casino develops their own blockchain and use their tokens as a commission for example, but it is heavy expenses for the casino that they don`t need.

I don't really agree and everybody needs to do their own calculations to see if it is interesting or not. If you look at Betfury for example, they got a maximum cap in place and do monthly burning programs also.

When it comes to investment then it would always fall on someones perception and preference when it comes on projects or coins which they do really believe and see that it would really be having that

potential or something worth for them to dive in and hold it or invest on it for long term purposes.Some might really be just ignoring but there were people who are able to see and take up some risk
depending on what he do saw.We might be having some impressions that these kind or type of coins werent really that good but we cant really assure of that.

Its up to you whether you would be investing or not and speaking with Betfury token if they are making those monthly burns and demand do retain then
expect on what would be the outcome.

babygun

sr. member

Activity: 2142

Merit: 254

Quote from: mak013 on July 18, 2022, 01:17:24 PM

I don`t think that this is a good idea to invest in casino tokens. It is possible that they pumps sometimes, but i doesn`t depends on the casino most of the times. And casino have to invent some system like as frozen tokens to make investors don`t sell it.
Such tokens may be interesting if casino develops their own blockchain and use their tokens as a commission for example, but it is heavy expenses for the casino that they don`t need.

I don't really agree and everybody needs to do their own calculations to see if it is interesting or not. If you look at Betfury for example, they got a maximum cap in place and do monthly burning programs also.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: Get-Paid.com on July 13, 2022, 05:17:03 AM

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?!

I always thought that it's about how the casino would approach this. I mean think about it, if you build a casino and then people end up with buying the shares of it, then it would be a bit of a trouble. I mean think about it, if the ownership is with the people, and not with the team.

So in that case, people who are holding the income, telling the team to spend their limited amount that they used to sell the tokens, and use that for marketing to make a lot more money. I do not get it that much, what's the point of it for the team? That's why I believe we shouldn't really be doing anything crazy and expecting them to do something like that.

mak013

hero member

Activity: 2492

Merit: 761

I don`t think that this is a good idea to invest in casino tokens. It is possible that they pumps sometimes, but i doesn`t depends on the casino most of the times. And casino have to invent some system like as frozen tokens to make investors don`t sell it.
Such tokens may be interesting if casino develops their own blockchain and use their tokens as a commission for example, but it is heavy expenses for the casino that they don`t need.

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

Quote from: coinerer on July 17, 2022, 01:54:20 AM

Quote from: ?? on ??

Quote from: Get-Paid.com on July 13, 2022, 05:17:03 AM

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

All the three projects you mentioned have gained quite good reputation on the gambling site as of lately. Especially owl games is different from others. It conveys DAO token which greatly attracts gamblers including investors, for this reason gradually it is getting the top position. Just look in the bearish market all the coins price reduce drastically but gambling coins are most likely stable or some coins is increasing. As the crypto market improves, the position of these tokens will improve, especially Owl Dao will take the better position.

Actually no Altcoin is stable. Be it gaming tokens or other coins. But gambling coins are less dump than other altcoins. Because gambling coins are used by many gamblers for gambling. And many people are buy it and Hold or Stake. So its price is often seen increasing. And as such OWL token is a good gambling coin. Which is already very popular

Yes, that's right. Gambling tokens are always needed by gamblers to continuing their playing . As a result they are forced to purchase the tokens. If there is a good gambling token then many people think to hold. Consequence of this, in most cases the shortfalls that occur in the bearish market may not have any effect on gambling tokens. Among the mentioned sites, Owl Games is one such gambling site that have good reputation in the current market.

Erdogan

legendary

Activity: 1512

Merit: 1005

If the token has a good utility use case, that's very good. Let's take a look at meme tokens that don't have any utility, and last year you could make very good money on them. Most tokens have only speculative value, and looking at how the cryptocurrency gambling market developed during the pandemic and lockdowns, it can be suspected that online casinos, and thus the tokens created by them, should continue to gain value.

Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 36. (Read 8200 times)