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Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 38. (Read 8200 times)

legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
Just like on what happened on CSNO? (Bitdice)
I don't know the history and if Bitdice started CSNO with premined coins, but I know other coins that started like ICO's that promised new gambling platfroms.
Some of them I remember is Casino Coin and Wagerr that all went to zero, and other gambling coins ended up as total scam.
I don't want to use and hold any tokens even if they are released from most reputable gambling website.
hero member
Activity: 1064
Merit: 639
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've no idea about their website if it's unique or not. But the thing is OWL total token holders increased surprisingly. As on July 11, their total token holders were 51473 but now this number has increased to 52,416. Which means 943 new investors have bought the token which could be the reason for the price increase.

(This is just bsc, don't know what is happening on other chains as it's also available on Polygon and Fantom)
hero member
Activity: 1316
Merit: 593
PredX - AI-Powered Prediction Market

BFG is the most popular a year ago in the forum.  Its now replaced by OWL.
I have no idea about William and Ladbrokes but if they are listed on stock, you are most likely right.

Most of these casinos only made their tokens utility within the platform thru staking and some are not listed on different exchanges so it must be easy for them to manipulate price.
OWL is popular like BFG token. And one big support for OWL has is its casino site. Its casino site is very popular. So the OWL token is also catching everyone's attention. Also for BFG big support is Betfury gamble site. But BFG have another facilities. that is his high Staking bonus. So BFG catching everyone's attention too much.
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
Well, most of you guys talking about only OWL and BFG but there are gambling casino tokens out there that are good to invest in.
In Coinmarketcap [1] --you can choose a lot of them and FUN token was leading among all of them which no doubt it ios profitable since Freebitco.in is also reputable gambling casino. For me, it does not matter how cheap it is for now, and assuming that it is profitable in the future, just think about the legitimacy of the casino that can survive in the long run.
[1] https://coinmarketcap.com/view/gambling/

Yes there are so many of these, but only OWL and BFG are present here in the Bitcointalk gambling section, they are very active here, they've launched a successful signature campaign and they have a good reputation here, if only these other gambling tokens are active here they will also enjoy the same success both Owl and BFG tokens are enjoying, they need to make their presence felt in the community.
And Bitcointalk is the best place to be.

Their activeness and good reputation in the community have a huge impact on the success of OWL and BFG. I could say that they're worth investing in since they have an active team behind them. These coins have been functional and I believe that they could even reach a good spot when the market gets back to normal. These coins have good potential since they're being handled well.

OP wants to know why the price of these altcoins are increasing if the price of bitcoin has dropped a lot and we are in a very dangerous and deep bear market, I personally also think it's strange that these altcoins that OP mentioned are not dropping a lot every day, looking at altcoins that have a big use like ETH are not immune to drops and are falling along with bitcoin, so it doesn't make sense that casino altcoins aren't falling, how many customers would the casino have to have to justify that the price doesn't drop due to having too much demand ? Could it be that casino customers are not the same people who buy bitcoin and are seeing the bear market to sell in panic? I think it's price manipulation
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
Maybe there is something behind it or btw the project might hold major token instead of releasing it, possibly might be the total supply could be very low couple with the circulation most project owners more especially gambling sites doesn't really releases their tokens rather could be used for betting in their platform, the most their token is being purchase for placing a bet the more its price increases or stabilizes. Lastly i noticed they are not Bitcoin driven currencies.

They have buy backs directly from exchange and they are burning it unlike other casino token that usually just burn part of the supply of the tokens. The OP didn’t do a research before coming to that question in mind. Owl is a huge web 3 casino and software provider so it’s bigger than what user think of them. The current of trading volume Owl is not that huge so a simple buy back can literally result to a huge price pump.

Sure that's true
Btw, the total buy/sell of a currency is what measure the trading volumes per day or weekly, and it keeps showing the bull trends so if for any reasons there's a limited sell or buy the token won't have any much change or price impact which why some Casinos token have no much increase in price unlike the OWl token.
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
I think to answer the question on how they can still withstand this bear market is to read their tokenomics if there's any. I think that's is the only possible thing to do like burning or buy back strategy, if they're supported well by the community then that's the answer I can think of.
sr. member
Activity: 1232
Merit: 451
Vave.com - Crypto Casino
snip
Yes you are right but I will not compare them with each other because in my opinion these two are good . Yes it's true owl is currently performing good but I don't think that it cross the BFG . Those two have great apr and tokens can be use as gamble . This is more familiar gambler. And also think that TFS should excused from investing this is not that much high project.
hero member
Activity: 1820
Merit: 537
Well, most of you guys talking about only OWL and BFG but there are gambling casino tokens out there that are good to invest in.
In Coinmarketcap [1] --you can choose a lot of them and FUN token was leading among all of them which no doubt it ios profitable since Freebitco.in is also reputable gambling casino. For me, it does not matter how cheap it is for now, and assuming that it is profitable in the future, just think about the legitimacy of the casino that can survive in the long run.
[1] https://coinmarketcap.com/view/gambling/

Yes there are so many of these, but only OWL and BFG are present here in the Bitcointalk gambling section, they are very active here, they've launched a successful signature campaign and they have a good reputation here, if only these other gambling tokens are active here they will also enjoy the same success both Owl and BFG tokens are enjoying, they need to make their presence felt in the community.
And Bitcointalk is the best place to be.

Their activeness and good reputation in the community have a huge impact on the success of OWL and BFG. I could say that they're worth investing in since they have an active team behind them. These coins have been functional and I believe that they could even reach a good spot when the market gets back to normal. These coins have good potential since they're being handled well.
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
****
OwlGames token OWL is good plan for bought, hold and stake. and we can also gamble with OWL Token. it has good future and OwlGames already a popular casino site. And also Betfury token BFG is better for Investment. It is also a good casino site. And they provide high APR staking reword. so we can earn from staking by bought BFG and also if that token price pump. then it will also give us huge profit. In my opinion OWL & BFG can be bought
compared to TFS, I agree that OWL tokens and BFG tokens are the most feasible to invest in. BFG is backed up by trusted developers, as are OWL tokens. Besides that, user trust in both of their gambling platforms is huge. For those who want to invest in gambling tokens, BFG and OWL are highly recommended.
BFG is highly recommended then OWL. coz when you will stake BFG token on Betfury website then you will get free crypto like Bitcoin, TRX, BNB and more every 20 min. And they provide high APR return for staking. So BFG is a good token for investment and staking.
hero member
Activity: 2856
Merit: 783
Burpaaa
Well, most of you guys talking about only OWL and BFG but there are gambling casino tokens out there that are good to invest in.
In Coinmarketcap [1] --you can choose a lot of them and FUN token was leading among all of them which no doubt it ios profitable since Freebitco.in is also reputable gambling casino. For me, it does not matter how cheap it is for now, and assuming that it is profitable in the future, just think about the legitimacy of the casino that can survive in the long run.
[1] https://coinmarketcap.com/view/gambling/

Yes there are so many of these, but only OWL and BFG are present here in the Bitcointalk gambling section, they are very active here, they've launched a successful signature campaign and they have a good reputation here, if only these other gambling tokens are active here they will also enjoy the same success both Owl and BFG tokens are enjoying, they need to make their presence felt in the community.
And Bitcointalk is the best place to be.

Fun tokens(Freebitco.in) is the most active here in the forum compared to BFG and OWL. The two casino is just new here that’s why they are the one that always being in discussed for a casino token subject matter here. Lately web3 casino become a trend which is the reason for Fun tokens being left behind on matter like this but Fun tokens is the most established among them all because it was listed already in Binance.
hero member
Activity: 2940
Merit: 593
Leading Crypto Sports Betting & Casino Platform
Well, most of you guys talking about only OWL and BFG but there are gambling casino tokens out there that are good to invest in.
In Coinmarketcap [1] --you can choose a lot of them and FUN token was leading among all of them which no doubt it ios profitable since Freebitco.in is also reputable gambling casino. For me, it does not matter how cheap it is for now, and assuming that it is profitable in the future, just think about the legitimacy of the casino that can survive in the long run.
[1] https://coinmarketcap.com/view/gambling/

Yes there are so many of these, but only OWL and BFG are present here in the Bitcointalk gambling section, they are very active here, they've launched a successful signature campaign and they have a good reputation here, if only these other gambling tokens are active here they will also enjoy the same success both Owl and BFG tokens are enjoying, they need to make their presence felt in the community.
And Bitcointalk is the best place to be.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
Well, most of you guys talking about only OWL and BFG but there are gambling casino tokens out there that are good to invest in.
In Coinmarketcap [1] --you can choose a lot of them and FUN token was leading among all of them which no doubt it ios profitable since Freebitco.in is also reputable gambling casino. For me, it does not matter how cheap it is for now, and assuming that it is profitable in the future, just think about the legitimacy of the casino that can survive in the long run.
[1] https://coinmarketcap.com/view/gambling/
hero member
Activity: 2926
Merit: 567
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'm a holder of both Owl and Betfury, and it's two of the coins I'm holding that carry my portfolio in the bear trend, I guess it has something to do with the platform and community support, investors support where they see longevity on projects and since these two coins are gambling-related and we all know that the gambling industry is a multi-billion industry investors made a sure bet by betting on casino based tokens.
Of course, there are exceptions to the rules there are in the past attempt by developers to set up tokens based on casinos but they failed because they just want to make a quick profit and are not interested in setting up a gambling form that will serve the gambling community.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
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.

I see that point and with good backup business, the token or the project will be able to sustain and a good chance to grow,

though due to volatility, it might also fall for quite some time and then re-try to bounce and bring a decent amount of profits to those

people who are willing to take the risk and wait for the coin to pump back. The staking feature is how the passive income works,

it gives additional profits while you are holding the coin. Good way while holding and waiting for more progress.
sr. member
Activity: 1842
Merit: 389
For those who want to invest in gambling tokens, BFG and OWL are highly recommended.

BFG - yes, but why OWL?
What does OWL provide to their users?

BetFury gives you free cryptos every 20 minutes, a spin, staking - what does OWL give you exactly?! Nothing.
hero member
Activity: 1652
Merit: 566
Leading Crypto Sports Betting & Casino Platform
Tokens in general feel to risky for my taste. I have been a frequent investor during the ICOs of the 2018, and while overall I had a good outcome, many of them just went to zero. I am saying this because casino tokens are not that different from a million other utility tokens that have been around since ethereum allowed the issuance of ERC-20 stuff. Not the best idea, it is linked to a centralised entity that may fail. Use only in limited amounts and only if you really love the site.
It makes sense not to use it as top investment advice. After all these are tokens generated from the deposit amount when we bet. However, to specifically invest money, it is necessary to reconsider. Not least in the end that gamblers often move from one casino to another. While focusing solely on the casino token yield itself he automatically has to 100% trust that the casino will continue to run.
full member
Activity: 1638
Merit: 167
PredX - AI-Powered Prediction Market
****
OwlGames token OWL is good plan for bought, hold and stake. and we can also gamble with OWL Token. it has good future and OwlGames already a popular casino site. And also Betfury token BFG is better for Investment. It is also a good casino site. And they provide high APR staking reword. so we can earn from staking by bought BFG and also if that token price pump. then it will also give us huge profit. In my opinion OWL & BFG can be bought
compared to TFS, I agree that OWL tokens and BFG tokens are the most feasible to invest in. BFG is backed up by trusted developers, as are OWL tokens. Besides that, user trust in both of their gambling platforms is huge. For those who want to invest in gambling tokens, BFG and OWL are highly recommended.
legendary
Activity: 2380
Merit: 1082
Leading Crypto Sports Betting & Casino Platform

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 believe the answer to your question is here...

I inquired same on the Owl.games thread and discovered that the owl team performs a monthly buy back of owl tokens at the end of every month, and according the screenshot above, the owl team always target when the price of Bitcoin is down to perform the owl token buy back so that owl tokens wont be affected by the price movement of Bitcoin.
I hope this calms your curiosity
legendary
Activity: 2310
Merit: 1598
Do not die for Putin
Tokens in general feel to risky for my taste. I have been a frequent investor during the ICOs of the 2018, and while overall I had a good outcome, many of them just went to zero. I am saying this because casino tokens are not that different from a million other utility tokens that have been around since ethereum allowed the issuance of ERC-20 stuff. Not the best idea, it is linked to a centralised entity that may fail. Use only in limited amounts and only if you really love the site.
legendary
Activity: 2702
Merit: 1465
I think that the question posed by the OP, and more specifically why casino game tokens do not become cheaper during a fairly powerful cryptocurrency bear market, is of interest to many.  And by the way, the annual yield is ~ 70%, like BFG, it can now be considered quite large even for cryptocurrencies.  I also think that game tokens are really in demand in games and their value is determined precisely by this.  And the exchange rate is pretty stable. 
But when the bullish period of the cryptocurrency market begins, we will all see an increase in the rate of these tokens, respectively.  And then investing in them will be very profitable.
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