Investing in Casino tokens such as BFG, OWL or TFS - page 39.

Beparanf

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Quote from: Adbitco on July 14, 2022, 03:26:38 AM

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.

Adbitco

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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.

Strongkored

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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

In my opinion there is nothing suspicious about the price increase of the owl token, if you say it continues to rise it is wrong today the token has decreased by 13%. Manipulation is always there in crypto and you have to see that owl tokens are very low in trading volume so every time someone buys a significant amount it will greatly affect the price and vice versa this is what I saw in tokens with low trade volume.
If you feel token based casino isn't worth investing then don't do it, and you won't be able to uncover what's behind all the changes to the coin price.

Get-Paid.com

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Quote from: davis196 on July 14, 2022, 01:16:14 AM

Anyway, this topic seems more related to investing rather than gambling and maybe you should move it to the Gambling Discussion forum(or some other forum).

What you say in this quoted text is very subjective, but thanks for this feedback.

Quote from: cabron on July 13, 2022, 07:32:04 PM

BFG is the most popular a year ago in the forum. Its now replaced by OWL.

BFG and OWL don't replace each other. You can invest in both or in each one of them separately.
They don't coincide.

CryptoHeadlineNews

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Quote from: davis196 on July 14, 2022, 01:16:14 AM

Anyway, this topic seems more related to investing rather than gambling and maybe you should move it to the Gambling Discussion forum(or some other forum).

No. I think this thread is actually on the right board, because these are tokens of a gambling casino, and not an investment platform ( i.e BFG, OWL and TFS), so bringing such topic here for us to discuss and know the reason why the bearish market didn't affect these tokens is not a bad idea, because these are utility tokens and 80% of people who owns these tokens own it to be use as a means of transaction on its different casinos

iv4n

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Quote from: babygun on July 13, 2022, 01:08:47 PM

Quote from: iv4n on July 13, 2022, 07:37:33 AM

Fun tokens as well, and TrustDice has its own token as well...
I wouldn't compare BFG and OWL... they are different! And I give advantage to BFG here... You should also consider FUN tokens more than some other tokens as well, Freebitco.in - FUN Token Investment Experiment Uneng is sharing his experiment and you can follow it from this link, nice from him definitely, you can follow him and check is it worthy or not!

They are both different and also similar in a way. With both tokens you can gamble and also use it for farming. The big benefit that BFG has, is the dividend you daily get and that is one of the main reasons that I currently have a lot more BFG tokens than OWL.

You get daily dividends in different coins, while with OWL you can get more OWL or BUSD. And with Betfury it's easier, we just hold tokens there and that's it... I still can't find time to connect some wallet to stake OWL tokens, I just use them for a few bets from time to time! Perhaps also important that BFG can be earned on Biswap, and also staked for some other coins!
OWL is still young I guess, I can't compare Betfury in the early days and now!

Quote from: Jody.Drummer on July 13, 2022, 07:07:48 PM

Quote from: iv4n on July 13, 2022, 07:37:33 AM

Fun tokens as well, and TrustDice has its own token as well...

...
I Staking TXT tokens when I first got them and that's from my first deposit so far, has not been back for quite a while. The tokens generated can be staked and then simply forgotten. If at any time something like OWL and BFG has value we can take unexpected profits but don't expect too much. It's just that to invest I still have no plans so far.

I have TXT from the early days, a couple of thousands... I didn't open that casino for a looong time! I also had one or two deposits and in that time I mined those TXT tokens! I remember visiting the site weeks or months later and I didn't get a dollar from that staking! Was thinking to buy or play for more but other casinos were more attractive I guess... I will check TrustDice today to see what's happening there! I will probably need to reset the password!

davis196

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Basically those utility tokens have a more stable price than the cryptocurrencies. There are three reasons for this:
1.The casinos are growing and increasing their customer base. A legit business will always have a higher value than a sketchy business.
2.The owners of those casinos can manipulate the price/value of the tokens by increasing their scarcity, burning a part of the tokens in circulation or buying back a part of the token supply. I think that Betfury did something like this last year.
3.In general, a utility token must have a more stable value than a regular altcoin/token(assuming that the project behind that particular utility token is fully functional and legit).

Anyway, this topic seems more related to investing rather than gambling and maybe you should move it to the Gambling Discussion forum(or some other forum).

smartaction

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Quote from: blockman on July 13, 2022, 05:13:44 PM

I think the advertising of Owl, made them add to the volume because I've seen them having that ad on Coinmarketcap. And we all know how huge that platform is and that's why it's likely that those who have joined their airdrop became interested to know more about them.
BFG is also popular and I think if they become more aggressive in marketing just like how Owl did, they'll maximize its effect of it.

Owl team are always active for the huge marketing of their project. And they care a lot about their tokens and anything else. So I think it would be best to invest in OWL token. But BFG also good token but the team of Betfury is not supper active like OWLGame. Still Betfury team are trying hard enough to sustain their project. so i suggest OWL & BFG token is better for investment. but before investment do everyone should there own research

South Park

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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.

cabron

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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.

Jody.Drummer

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Quote from: iv4n on July 13, 2022, 07:37:33 AM

Fun tokens as well, and TrustDice has its own token as well...

I Staking TXT tokens when I first got them and that's from my first deposit so far, has not been back for quite a while. The tokens generated can be staked and then simply forgotten. If at any time something like OWL and BFG has value we can take unexpected profits but don't expect too much. It's just that to invest I still have no plans so far.

DoublerHunter

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Quote from: notblox1 on July 13, 2022, 03:04:01 PM

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?

This is just market manipulation coming from owners of those gambling websites, and it can't be compared with stocks in any way.
Value for this tokens will go down when they decide, because owners hold majority of those tokens, it was not fair launch but probably premined a lot.
If something is going to be "William Hill" or "Ladbrokes" it's going to be Bitcoin, but you need to patient and not expect some random token to make you profit.

^ You have a point, just because of the website owner and that is the reason why their token pumped up and also additional factor is most of their gambler using that token to gamble. The reason could be the demand was increased, but however, it could be there is manipulation or tricks that only the owner knows. I don't think it is not worth it to invest in them if you compared them to stocks. BTC will surely give you a better ROI when it comes to investment and we know we can deal with the volatility on this.

Vaskiy

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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.

blockman

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I think the advertising of Owl, made them add to the volume because I've seen them having that ad on Coinmarketcap. And we all know how huge that platform is and that's why it's likely that those who have joined their airdrop became interested to know more about them.
BFG is also popular and I think if they become more aggressive in marketing just like how Owl did, they'll maximize its effect of it.

Mahanton

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Quote from: notblox1 on July 13, 2022, 03:04:01 PM

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?

This is just market manipulation coming from owners of those gambling websites, and it can't be compared with stocks in any way.
Value for this tokens will go down when they decide, because owners hold majority of those tokens, it was not fair launch but probably premined a lot.
If something is going to be "William Hill" or "Ladbrokes" it's going to be Bitcoin, but you need to patient and not expect some random token to make you profit.

Just like on what happened on CSNO? (Bitdice)
https://nomics.com/assets/csno-bitdice
https://coinranking.com/coin/HLIN_hmDd3Auj%2Bbitdice-csno

This one proves out about gambling token based kind of investment or choice which it cant really be compared to stocks.
You are definitely right about being manipulative and this is where company could make huge money?

notblox1

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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?

This is just market manipulation coming from owners of those gambling websites, and it can't be compared with stocks in any way.
Value for this tokens will go down when they decide, because owners hold majority of those tokens, it was not fair launch but probably premined a lot.
If something is going to be "William Hill" or "Ladbrokes" it's going to be Bitcoin, but you need to patient and not expect some random token to make you profit.

stomachgrowls

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Any coins which had been backed up or totally get attached with some platform specially gambling sites or platforms which could really able to sustain players or supporters which even the market declines

it wont really be affected that much but somehow its not really that guaranteed but basing up on what we are seeing then it did really stood strong despite of the bear market condition.
No one really knows on why it do even increase its price but we know about the basics about demand which it could really make price increase if its present.

Cant really be that confident on treating it like a company share or stocks but if you do mind on that way then its not that bad toe be considered out.

babygun

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Quote from: iv4n on July 13, 2022, 07:37:33 AM

Fun tokens as well, and TrustDice has its own token as well...

I wouldn't compare BFG and OWL... they are different! And I give advantage to BFG here... You should also consider FUN tokens more than some other tokens as well, Freebitco.in - FUN Token Investment Experiment Uneng is sharing his experiment and you can follow it from this link, nice from him definitely, you can follow him and check is it worthy or not!

They are both different and also similar in a way. With both tokens you can gamble and also use it for farming. The big benefit that BFG has, is the dividend you daily get and that is one of the main reasons that I currently have a lot more BFG tokens than OWL.

iv4n

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Fun tokens as well, and TrustDice has its own token as well...

I wouldn't compare BFG and OWL... they are different! And I give advantage to BFG here... You should also consider FUN tokens more than some other tokens as well, Freebitco.in - FUN Token Investment Experiment Uneng is sharing his experiment and you can follow it from this link, nice from him definitely, you can follow him and check is it worthy or not!

Eternad

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Don't invest on TFS token. They have a very low budget for the project development and marketing to boost the token price.

As an Owl holder, The reason why Owl gas steady growth is because they have a lot of source of income such as there software sales and there own casino. There staking too has deposit and withdrawal which will forced the stakers to stake for a long time just to recover the fee and gain profit at the same time.

Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 39. (Read 8244 times)