Investing in Casino tokens such as BFG, OWL or TFS - page 37.

TimeTeller

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Quote from: goaldigger on July 17, 2022, 04:52:01 PM

Quote from: Ulven on July 17, 2022, 12:51:36 PM

The market is always inclined towards the utility. The utility of a token is based on the extent of its usage which can be attributed to its utility. Apart from this there are other factors that need to be considered for making it more appealing for people. For example, gambling tokens are free of cost and hence more people can adopt it than others. In addition to these, development teams behind tokens also play a vital role in creating more use cases than other tokens.

If there’s a utility and the site is ok, then i think investing on those casino tokens can be a big thing especially if you are also a player on that site. Though, this may not rewarding since this is a utility token and most of the time only the gamblers support this kind of token, but if you see any good analysis with that tokens then why not. There’s a big role for this utility token, their purpose is to provide liquidity and maybe this can be a big token for that site and gamblers will have no choice but to adopt it.

Much better if you are a regular player of the site as you can keep up with their updates.
You can also track their progress if you are an active player, so you will have an idea how they are doing with their business.
But if you will buy the token and just let it stake, and come back after a while, you may miss something important.
Look for other use case of the token itself as it may add its survival in the market.
Is the team looking for other applications other than casino token only?

goaldigger

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Quote from: Ulven on July 17, 2022, 12:51:36 PM

The market is always inclined towards the utility. The utility of a token is based on the extent of its usage which can be attributed to its utility. Apart from this there are other factors that need to be considered for making it more appealing for people. For example, gambling tokens are free of cost and hence more people can adopt it than others. In addition to these, development teams behind tokens also play a vital role in creating more use cases than other tokens.

If there’s a utility and the site is ok, then i think investing on those casino tokens can be a big thing especially if you are also a player on that site. Though, this may not rewarding since this is a utility token and most of the time only the gamblers support this kind of token, but if you see any good analysis with that tokens then why not. There’s a big role for this utility token, their purpose is to provide liquidity and maybe this can be a big token for that site and gamblers will have no choice but to adopt it.

Oilacris

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Quote from: virasog on July 17, 2022, 12:13:44 PM

Quote from: Eureka_07 on July 17, 2022, 11:05:26 AM

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

Yes, why would anyone invest in anyone of them? Why not divide your investment in all of these tokens? This way you will get reduce the risk in case any token/platform does not perform well.

Generally, all of these tokens are good ones as they have a perfect use case as they are the tokens of the gambling platform and people use these tokens to gamble on these sites.

Some of the coins arent really that in line with its company itself yet there are traders which do scalp out with this coins volatility which arent really that connected on whats happening around on the platform which does simply means that it is really truly an independent type of reason on such movement or able to sustain out on a market that do really shows off opposition.

When you do make out decisions on investing with these coins then it is really that depending on you since its your money and if you do see that it is really worth for you to dive in then
its your choice on doing so.

There's nothing on this world could able to predict out on whats ahead specially on things that we do expect for its value to rise.Diversifying would be a solution
but we know that not all does have the funds on doing so.

Ulven

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The market is always inclined towards the utility. The utility of a token is based on the extent of its usage which can be attributed to its utility. Apart from this there are other factors that need to be considered for making it more appealing for people. For example, gambling tokens are free of cost and hence more people can adopt it than others. In addition to these, development teams behind tokens also play a vital role in creating more use cases than other tokens.

virasog

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Quote from: Eureka_07 on July 17, 2022, 11:05:26 AM

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

Yes, why would anyone invest in anyone of them? Why not divide your investment in all of these tokens? This way you will get reduce the risk in case any token/platform does not perform well.

Generally, all of these tokens are good ones as they have a perfect use case as they are the tokens of the gambling platform and people use these tokens to gamble on these sites.

Jemzx00

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Be nice!

Quote from: Eureka_07 on July 17, 2022, 11:05:26 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.

If I am correct on assuming, the one that you would not choose to invest on is OWL? Upon checking on these three tokens, it looks like OWL and BFG would be the two tokens that would be better to invest on. I tried to on their chart, both of these tokens has good potential on the long run unlike TFS that very low to none movement on it's price.
PS. Not a financial advice as well.

Anyways, it will still depend on these casino if there will be more updates which will probably affect their price and value on the market. There various factors that needed to be checked at before investing. Just as what other people say, DYOR before investing.

Eureka_07

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

Beparanf

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Quote from: coinerer on July 17, 2022, 12:54:20 AM

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

Fair point and in addition, Usually players that used token for gambling lose in the game and there’s only few manage to win in gambling due to house edge and human error so gambling tokens usually don’t stay long on holders wallet except for those holders that just holding and stake there tokens for passive income but the majority of token holders that just get there tokens from rakeback by playing in the casino usually that ever landed on exchange to sell.

coinerer

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Quote from: ?? on ??

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

bittick

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

This token is offering some usefulness for its token holders. It's mostly being used by the users to play in the owlgames. There are some usecases that already offered by owltoken as well and i think that you may need to spend a few seconds to take a look at this https://owldao.io/ecosystem#cases

The APR that already offered by owl token is very good enough for me which was around 42% APR.

The price is always going up from time to the another time caused by auto liquidity providing and buy back by the team. The traffic of owl sites are also going up drastically and that's helping the team to buy back more token caused by the revenue that already received were also increasing drastically.

Franctoshi

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As more and more customers keeps coming in into the platform to patronize their business, then their business will definitely keeps flowing and I believe that this is as a result of good performance over a long period time, therefore they will gain a lot of trust from their customers.

Another very interesting part of these platform as regards to their tokens gaining value while the entire crypto market crashed, is that they made it such a way gamblers have to makes use of their tokens in betting and so far people are constantly making use of their tokens the price will either be stable or increase in value as a result of increasing demand.

Secondly as a result of the Crypto market crash a lot of people now often make use of these, So I do think this factors have really helped the platforms to thrive and continue scaling their business.

goinmerry

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

I think it's not just because of the gambling site but also the noticeably good volume that is in good progress before.

It catches the attention of some traders (not actually gamblers) that might be the reason why they list OWL on their respective portfolios. It's like other altcoins that experience ups and downs regardless of the main reason why it happened that way.

But it's not that OWL is on the hype. Just another day in crypto although the fact that they hit ATH recently, that's a worth coin to list on our portfolio.

Desmong

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Any project that you see doing well in the market now is because of the project team that are behind it and everything depends on how they can push the project bull so that there will be enough liquidity that will keep the price up without going down. An experience project team knows different ways they can push the project and make it compete well with others in the market.

romero121

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Utility is the factor that decides the growth of any token. Apart from its utility there are more things happening in the market, but those doesn't contribute to the real growth. As far concerned, these gambling tokens have got its usage on gambling sites. Through this the values were generated. Beyond this there is a need for promotion with which the staking can be made effective. Just tokenising the service isn't gonna generate value.

robelneo

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

I don't think it is, they have platforms casino platforms that many gamblers are using and they have features like staking and they have a huge community behind them, investors don't jut buy these tokens, they've seen its potential and so far they've liced up to their potentials.

Quote

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?!

Have you used one of their platform of Owl, have you tried their staking features, you have to test and try their platform for you to appreciate and see the potential of Owl.

passwordnow

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

Not anymore with Owl but honestly, it's got a good chart looking at. It may have probably taken its own ATH and is currently down a bit. But look at when it started and how is it going right now. There's no need for any further explanation about it, this is just simple economics that has been taking the market for everyone and isn't just limited to gamblers but also to the investors. Volume was increasing and I think many were able to see how they have started.

Cookdata

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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 wouldn't compare them with rest of the tokens out there since they have a good use case and such will help grow the value of their tokens. However, looking at the three of the tokens you made mentioned, TFS is the only one with too much total supply, it wouldn't go far when you compare it with others and also, buying these tokens for the sake of APY reward in USDT and BNB is not too convincing. I know they are trying to avoid dumpers but they should build and increase the utility of the Casinos, they would worry less about those that will dump their rewards.

barbara44

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Nice to know that there are still cryptos which don't totally rely on btc and to the majority. There's a guy here last time that looks for a crypto like this which are independent. If only I know this earlier maybe I have recommended it to him but maybe it's not too late yet. I'll still let him know about the three coins found on this thread.

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

Don't know about you but I like their website. They are not totally the best but they are better than most casinos that I see. If you will visit their ANN thread, you can see many positive feedback there. That could be the reason on why the price of their token is rising because they perform better among the two casinos which offers almost the same.

Rigon

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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

Here BFG Coin is a very good coin. I have also left the investment myself but I am getting profit from there as daily staking of five more coins.Withdrawal fees are very low and the platform is very popular.Also all other coins are very good and popular because I have this BFG token I know its benefits and said.

merchsummer

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Sounds cool, but I wonder would it be fine...
#merchsummer #TSF #token

Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 37. (Read 8244 times)