Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 5. (Read 8231 times)

Tokens that have been traded on top exchanges are not all worth investing in without analysis and research, we have to update the latest news to avoid damaging the reputation of the platform from internal project problems like what happened to FTX and Luna, so we have to check every performance and feedback from gambling tokens before you invest just because you are interested in high APR but the risk of price damage is very high in bear market conditions.

Currently BFG and OWL are in the top list for gambling tokens even though they are not yet listed on binance, but BFG is superior because it has more liquidity and trading volume and also a bigger community, but investing in both coins is very risky so you research everything related to risk of gambling token investment.

A well-organized scheme that put everything in doubt, yes, the right way in investing is to have your own wallet and not to entrust everything inside exchange, we are all affected to what FTX did though some might not invested directly but the impact of this issue really affects the market and create a lot of fears with new and old investors.

Casino tokens are not exempted as the market valuation after this bad news really impacted almost the whole industry, though we are now getting some bounce but it's hard to tell this temporary rise will be stronger than all the fears around.

If the tokens can get a place on the top exchanges, they are worth investing in but before we invest in those tokens, we should find out more. Indeed, currently, many tokens offer good APRs and tempt investors and as long as the project is still running well, it can be an investment option. But you have to pay attention to the amount of money you have to invest and only use the money you can afford.

So far, BFG and OWL are still competing to get more supporters and that's normal because, without supporters, the project will not be able to progress and develop. We'll see which one gets a good position in the market first.

The first step in crypto is to have your own wallet with a private key that can be restored to another wallet as long as the private keys are correct, recent events have not really changed anything and if you have been around like some of us you will know that crisis such as that of FTX is not new and market up and down have been the most exciting thing in the industry.

The question is FTX scam was a well-organized exit scam that went further to state that in cryptocurrency we should be trustless and always keep our assets off exchanges.

Sadly but true. People is confident enough to trust FTX or Centralized exchange to hold there coins instead of keeping it safe on cold storage. The huge factor on why they keep doing this is because of there trading nature. Most of the FTX user do a regular trade on every crypto price movement while some of them that do savings purposes are keeping there money on DeFi staked so that they can earn while waiting. Being greedy on having profit every minute is what makes people risk on holding there assets on custodial wallets.

Casino tokens is not that affected because holders of this tokens is usually a gambler. The money put on this token is mainly not for investment purposes because this is a reward token. The price history of these tokens such as BFG only shows that the price keeps sliding due to its supply is increasing overtime. There will be no harsh dump on this token because no one accumulate enough before the market crash occurs.

Which is to always store our crypto assets on cold wallet, because ever since the recent FTX experience, many people have learnt the hard way, knowing fully well now that keeping crypto assets on exchange is risky, hence,  moving these coins off to cold wallets have proven to be more safer, as it give us keys which grant us total control over our funds. However, casino tokens seems to be in good shape, ever since the market crashed, which is equally a good sign this token has potential and could do way better in time

Well, the FTX thing is something that gave us goosebumps, about some threads that have been created in the forum about what is better? have our coins in exchanges or in a personal wallet? Due to what happened, we already know what the correct answer is, of course this causes a lot of fear to investors, in fact it affected Bitcoin too much, even though it was not a "Fundamental" so that it could be taken with such intensity, but As I said before, bass players take advantage of these occasions to make their shorts and buy cheap.

At the same time, I think that a token or any currency that you decide to buy right now is a very personal decision, because you have to take advantage of the bear market and one way is to buy, but considering the high risks. . . . that must be studied, I think that many currencies have dropped in price due to the effect of Bitcoin and it is normal, let us remember that Bitcoin is the father of cryptos, so at all times we must always be attentive before buying any token, we must review the price of bitcoin (just in case) the price is about to go down or up, if it is convenient to buy at that moment or not, that would be my advice or suggestion, personally I have BFG tokens and I like to have them there, sometimes I play but without putting them at risk, I bet very little, but I have faith that they will increase in price when Bitcoin of that great bullish rally that we all expect, some forecast for 2024 but it is not known, that is where the market speculation enters.

there's no lots of people traded the BFG token. The same thing happend with another token as well. The FTX was giving a huge impact to the crypto with so many demand and crypto that has relationship with FTX. The volume of BFG was not stable. it can go down drastically too. The price of BFG was droppig around 20% once bitcoin has been dropping a lot due to the FTX case. As long as there will be no another incident happened with crypto and im sure if it can recover so fast.

It always goes down to preference and your investor's research, I have these two in my portfolio because they qualify for the requirement I set up before I invest in one project, and these are platform, community, and reputation I am a fan of liquidity and staking and so far these two tokens offer a very generous APR but it's still the price in the market, is the biggest consideration I'm always looking forward that these two tokens will get in top exchanges like Binance and Kucoin.

They are somehow 2 reputable casino to select so if people seek for casino token I guess they are better option to choose with, but for now I go pass with this one since majority of investors especially on bear market season goes with top coins so I accumulate coins more than tokens at the moment. Although BFG is looking good to me but I'm not impressed yet with old tokens yet especially with their current state.

Do you think that in this December you can raise the coins like those of the BFG? I have believed a lot in that project, what doesn't really add up to me is the number of tokens they have, because it is very difficult for them to reduce and I think that may be the Achilles heel because at the moment the prices rise I don't think that the BFGs rise so much because there are many tokens in circulation, but the project is very good, and I have seen in your thread that they have received tremendous criticism, so my question here in this thread, is to pay attention to this token in particular? I say this because I have bought enough tokens.

I'm not investing in any casino tokens right now. Bitcoin only until everything gets right in the world again.

On coins like this then which its utility would really be just only good for gambling platform us.Its price could really be determined in together with price trend and its demand.
Just like on what others been saying that it would really be your choice whether you would be investing or not.Whether you would really be investing on this key area
or would really be just buying it as a form of support on where you do play because usually people who are buying are the ones who do make use of such site
and some are just simply seeing those price opportunity to get in.

I'm sure it will slowly recover, and now is the right time to store more casino tokens, BFG and OWL are my top choices, they will slowly improve according to the current state of the market, the tokens created by the casino platform are still in the safe zone not too crushed by the price

almost on average all casino tokens and other cryptos are affected by the FTX drama case even though it's not as severe as other cryptos, because the price of bitcoin has also decreased since a few weeks ago until now it is below $ 17k, I think big casinos that have tokens will certainly push their token prices so they don't collapse during situations like this for example BFG

Sometimes investors will just came unto it due to the hype brought up by some developments of the platform but we shouldn't really held this for quite long time and believe to much which is to good to be true to happen. Many investors lose their money due to FOMO so people should realize that even though how trusted they are chances that their tokens will dump and they cannot help out to pump up this up. So much better do sell when in profit and buy when at cheap since this could give us real profit rather than investing then think about long term on tokens.

I dont see other utility with these tokens but rather it would really be only used on the platform itself which means that if someone do really recognize on investing with these tokens then it is really that depending

on their choice.We know that each investor does have its own perspective and views towards things and when it comes to potential, but the thing we should bare up in mind that whatever type of coins/tokens
you've been dealing then it would be always depending on the market condition which is also a main factor to consider.

Some might be saying that its price is much better compared to this and to that but no one really knows on how these coins/tokens would behave out.

Well, when we decide to bet on an investment, we have to consider that if it is for a casino, the deer is that the casino can do something to be able to entertain not only the players, but make the investors come to the casino with the tokens and show that Investors can enter the casino, this is the casino's job to attract as many of them as they can.

In a casino it is now difficult to find ways to invest, so I see that it is much better to take advantage of them because this type of promotion is very good, before I used to see some projects that are for ICOs, and they focus more on investment, but with the casino is another story, something safer.

Though seasoned investors are really taking the time to analyze and understand if there is really potential that you can gain once you place your money in the project you choose for investment, whether gambling tokens or gaming projects, as long as you know what you're following and you have that insight to think that it will bring nice output, it is important to understand the very concept of any possible investment that you are trying to participate in or support. Also, the casinos should have added some utilities for their tokens.

Being a casino token is an advantage to those coins, because at least their already utility coins since the casino is an ecosystem provided by the team to support their token usage. And if any investors will have the mind to hold for long, there is the possibility of the pricing soaring higher in the future. We have seen how some casino tokens have performed in the past e.g owl those who bought the token at its early stage can attest to the fact that the token made a steady price increase for a long period before making a little downward price movement because of the present market situation in the entire cryptocurrency market.