Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 7. (Read 8231 times)

Yes, in fact this is something that can be noticed, what I like apart from that the fun tokens are on Binance, we also have to notice something, the fun tokens are much older than the OWL, the OWL token is being born, it is something that we must give it time, it is not the one that has almost no volume, that has a low price, the important thing here is that the casino has enough fame to be known, it could not be compared with the FUN token because freebitco.in is the platform that gives some benefits within their platform but it is not their native token, so now when we do a little close up, we realize that everything is a process that hopefully each casino token will be successful in the future.


I agree with what you say, in fact an investor who sees a token that is interesting and that is in a level 1A Exchange, it is obvious that he will take it into account as a possible "Value Shelter" if he wants to protect himself when Bitcoin has a bullish ATH style rally, although lately I have noticed a great centralism of one of the biggest exchanges like Binance, what they did to the FTC was something brutal, however that kind of thing only indicates that exchanges like Binance want to be the owners the largest volume in the world.

When an investor sees that the token is on Binance, his brain will automatically tell him that it is a reliable token, that is something that many of us have realized happens.

It is good to should you support to casinos that you like and you can always invest in them if you know how the project works and if they have a good team that can make the project go to the moon, nit blindly investing in project that will end up becoming a rug pull and all your funds will be gone before your eyes.
The reason why many person do not like investing in casino tokens is because they are not always listed on a popular exchanges where investors can buy and sell there holdings without any challenges.

We are the ones who could really eventually see whether it would be beneficial for us or not or simply seeing the potential or not.When it comes to investment decisions then it would really be varying on someones

decision and movement or potential movement of a gambling based token couldnt really be known but as long there are people who do actively trade or buy it then its value could always be having the potential

or chance whether it would be going up or down.We know that investment does always correlate or involved risk and thats the importance on which you do make yourself
that prepared.

Yes, usually when I get into a type of token investment, what I usually do is forget about it and just follow the price of Bitcoin, because as the price of Bitcoin grows, the investment of the token will grow, so in that case what I do is be calm and wait, then I worry about investigating other things, it is already known that one day BItcoin will grow, be it now or in 2023 or in 2024, and when it does it will be very big and if we wait approximately 8 to In 10 years the investment will be millionaire, so here we must have the mind like the investors of the stock market, in the long term it is much better if we want to enjoy our benefits.


What you say is very interesting, however I will always be guided by something very simple, if I understand well the movement of the Bitcoin and crypto market in general, it is easier for us to do certain analyzes that will help us take better care of our money, and that is that if Bitcoin does not rise in price, it means that it is very difficult for altcoins to do so, and if it is a token then it will also fall, the coins that do and if they rise in price is because, effectively, the safest thing is that they live off a pump and dump, which is what mostly happens.

Now, the other case is that the casino or the platform manages to have a large community, as happened in the ICO projects in 2017, and very few casinos have it, if a casino manages to make or generate a large community, I am sure that despite the falls of Bitcoin can maintain the weight, of course large investors have to enter and fully believe in the project of the token.

Those who gone up must be from the popular casinos. It's hard to ignore the tokens because they can have certain benefits and investing on them is another way of showing your support to the casino that you love. Not just gambling tokens but the movements of a common crypto are also like that. They are not stable in short.

This is normal and this is not bad but it was an advantage because it enable us to buy low and sell high. Some of the gambling tokens have a huge supply but a casino can add a burning mechanism to greatly lessen the tokens supply. If you don't want your profit to be affected by btc then you better convert them into stable coins. For some casinos, they are giving returns in stable coins, which are great.

There are few gambling tokens wherein market prices gone up. Most of the time, the market value of gambling token is either stable or falling. Stable because its supply si continuously circulating because it id a token being used in a gambling platform, demand won't be that high because on the usual, the token supply is huge. To fall on the other hand has a tendency especially if the gambling platform itself did not manage to attract the attention of many gamblers. Much better if you would directly invest to the project itself thru 'shares' if you are really looking for profit from investing in gambling related projects such as with what I have tried doing (earned some profit but BTC affected the profit. But I won't point finger to other factors, I also made some errors, but the idea is there already). Here's the thread (not as updated as before, quite busy these days but I'll follow it up maybe next week or month):

https://bitcointalksearch.org/topic/m.54203954

Feel free to thow your opinions as well.

All altcoins, including those discussed in this topic, have one feature that a potential investor should understand well.
 I mean the fact that altcoins can really rise in price only if the devs of these altcoins make some significant improvements to the functionality of the tokens and publicly announce it.  But similarly, there may be token price failures due to failures and hacking of the blockchain.  So in any case it is a very risky investment.  In order not to lose capital and make good money, the investor must be very well aware of the plans of devs.  And sell the corresponding altcoins in time, for example, by buying usdt or bitcoin.

I think it's not just fundamental analysis that we have to do because we know that nowadays, the price of bitcoin has been influenced by many factors, not just one or two things. And I think gathering more information, especially valid information, will help us analyze and find other hidden information. I'm sure it will be useful for us in deciding so that we can adapt to the current situation.

And if we talk about tokens, where the price of these tokens must follow bitcoin price movements, maybe we need to look for other information directly on the site so we can find reasons why we should invest in casino tokens. I guess it would make more sense if we could get some information from them and decide to invest in those casino tokens. But we must remember never exceed the limits we can afford to invest.

Of course, we think of the following, with respect to all world events, there is a lot of uncertainty not only in Bitcoin, it is known that the world economy is also in check, we could say that the chances of the crypto market going up right now are very likely. low but we know very well that these things are not so decisive here, at the least expected moment we could see bitcoin at a price of $100k again ATH, and that's it, there is no problem, this is what makes the market unique, with Regarding the investments of casino tokens, they would obviously grow. I think that what we must say about all this is that each one who makes his decision to invest is something very personal.


Well, this market study I think you mean a fundamental analysis s? if so, it is very difficult to do it at the moment, there are many things that can happen worldwide, but nevertheless you have to have faith in something that will not fail. bitcoin will rise in price, that's a fact, the only thing is that it is not known when it will happen, at the moment the price rises the altcoins will also rise as an immediate effect because they are dependent on Bitcoin, like these toekns, and more these because they are from casinos, they have a better project and a great support, I do not see anything wrong with the fact that it can be bought, however we must take into account that it can be lost, nothing is certain.


This is very true, a person who is interested in money will not doubt that a good study that can guarantee an improvement in life is something that should be expected and have the corresponding patience, as long as it is with a high percentage of security, This is not bad, the only thing is that as I said before, if a fundamental analysis is done, it is very likely that it will fall, because what is happening in the world are things that sometimes we cannot predict and suddenly something very bad things happen and all the markets fall, so it is very difficult, to see an event is somewhat difficult, I prefer to go with the day to day, it is difficult for me to know what will happen in the market.

The only positive side I see is that casinos like Betfury seem to be here to stay which you as an investor can just hold for a long time and get some dividends thru them while you are very patient.

How many owls do you guys need to have to earn at least $10 a day compare to BFG?
Knowing all these will probably make use decide which one is better in terms of earnings.

You should and it is a must have long patience knowing how the market behaves, investors really need to take time doing good research in order to survive if in case after buying the tokens/coins they are allocating enough time in order to see the growth that they are aiming for the project. Bitcoin movement influences a lot in terms of the tokens movement it also needed to be understood.

At the end of the day, investors who deal with their proper study will mange to hold after buying if they aimed to earn decently,
more on self definitions and that includes every project where casino coins are also part of it.

i am with you here. better secure your initial investments rather than wait too long. at least, you are safe that you got your funds. then, if you wait, you are just waiting to earn profits. make sure to keep up with the progress related to token developments.

While I can agree with your statement, it also depends on what price you bought your coins. So even in a bullmarket, when your coin goes up 400%, you can still be in loss. I think, you also need to have an exit strategy and take profit from time to time.

What I think is that it is very difficult for the tokens to increase in price because, honestly, the price of bitcoin has not risen enough to pump up the p tokens and if bitcoin does like this, do not have many illusions, the best thing is that if you buy the tokens, you have to keep faith so that it can increase one day, this is something that should not be ruled out, but people who buy tokens should know that they need to be filled with a lot of patience so that they can see their currency grow, and this year I doubt that bitcoin will have a very large pump, what I can say is that those who bought tokens at a price, if it goes down more, be patient.

In fact, now almost the entire crypto community is waiting for a bull market.  And apparently soon he will finally please us all.   

As for investments in gaming tokens, of course they will increase in price in a bull market, but since they have a strictly utilitarian purpose, I think that their growth rate will still not be as large as some new altcoins.  Maybe this growth will be even less than that of Bitcoin and Ethereum.  It is quite possible.  Therefore, I think investing in game tokens will ultimately bring less profit than investing in general in other cryptocurrencies. 
But in any case, in a bull market, it is better than just holding capital in $ or stablecoin.!!!

Agree. All altcoins are worth holding only on a bull market to get a huge profit. Some of us however are hopeful to make an earning while staking those casino tokens. It somehow helps though since they are dividends token. It's best to just chose the tokens that are found in binance, not all casino tokens are on this exchange. BFG, OWL and TFS are not on it.

I generally see gambling tokens on similar levels to crypto exchange tokens. They are traded more in crypto bull market season but traded less in bear seasons. So in my opinion its not very good to hold them every second but mainly right before bull runs. Their yield may sound beneficial although exchange tokens in general are far more beneficial in my opinion. I rather buy and deposit them in exchange.

I have wrote an thread on this point on $Hunny as well. I believe any casino backed tokens are more sustainable in terms of value and eco-system as compared to other "just-staking" defi platforms. Personally I do like tokens with fixed supply or reached max cap as the only logical direction is up.
Here's the link https://bitcointalksearch.org/topic/m.61218659

According to me, there are many tokens. Which tokens don't increase in price much. But I think all these tokens will increase in price one day. Especially game link site tokens are not very expensive but tokens are always good. But the price of gambling site tokens may be good one day. So all these tokens should be held.

Casino tokens is not the regular type of other projects we see in crypto as most often, there token is always within the casino ecosystem, you wouldn’t know if they had active developers or any updates regarding the token tokenomics. The thing is, casino token progress rely on the progress of the casino and the revenue they generate, the more people comes and play, the more exposure they get, the more players buy premium options which require the casino token to unlock those options and consequently increase the demand and price of the tokens. I’m not actually impressed with casino tokens, they usually have low liquidity, low volume and low interest from investors, they are still new perhaps things will change in future.