Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 9. (Read 8200 times)

There is a fine line between investing into a project with no backing but just the investors/community, and investing into something that is tied to a casino. They have both have their advantage and disadvantage at the same time. If we are talking about just a regular coin or token that takes its power from the people then it could go up if there are more people and everyone is hyped, or it could be terrible if there are people losing interest to it.

The similar thing but very different happens with casino tokens, which means if casino is doing well then it could do well, if the casino is doing badly then it may do badly as well. So you have to ask yourself, do you trust the future of what it's tied to.

APY is something that people should think of when they are investing in staking some casino token. But you can't apply the same math when you only gamble, the tokens we get from wagering will give us some passive income, but depending on the choice of games and style of playing some people can wager more or less with the same amount! I am trying to point out that every time I make a post in this thread, with $100 you can wager a lot, I mean a lot like over $10k or even more, and you will get a lot more tokens than you could buy with $100.

And we can invest in staking, but some casinos don't have their tokens on market, the only way to obtain some is to play and earn them through wagering. In such cases calculating APY sounds a bit funny to me, simply the style of playing will/can contribute to earning more or fewer tokens with the same balance. And there's also an important factor called luck! With a bit of luck, wagering can be even profitable.

There are many serious and reliable projects in the market that we could invest in and have rest of mind but sometimes we might think that it many not give us a good return especially when you take a look at staking them. Many of those good projects always have low returns and APY when you stake them because they are very reliable with good team but because many of use are looking for projects with high APY, we do ignore them and go for something that looks very cheap with lots of promises and plans.

The major exchanges review the project community before listing any token. If the community is large, they list it. If not, they don't list.

So far I have not seen any such gambling project whose community is large so that it can be listed on any major exchange.

Setting your target after placing your investment is the bes way when working to this kind of investment, aside from waiting for the value to grow staking also helps to add more for your profits, but it's always better to understand that opportunities will come up and if you know when to make your exit with profitable venture even casino tokens will give your benefits, it's just a matter of how well you really deal with your research and you really anticipate the right time frame for you to earn out from your investment.

Either with the full amount of your investment togehter with your staking rewards or you will just take your initial capital and allow
your gain profits to grow more.

Well, I don't know how it will be that the other players can see these tokens, but obviously they have to see it as an investment, which gives some benefits within the casino, but in the end they are taken as an investment, of course, these tokens would take much more level and more seriously if they would be in an exchange like Binanace, Kucoin, exchanges that give confidence, for some investors this is essential, because I know that they can have good demand volume in a decentralized exchange, but nothing like these exchanges that give more category and can achieve many things to continue doing, if we take into account what they can achieve, the potential of each token is unimaginable.

Well there is something that we must understand, all people who buy tokens or who buy altcoins have to know that they have made a calculation based on their profits, (what they decide to risk is already up to each one) in case of that, a reasonable time from the moment the BTC rises in price, because it is most likely that the altcoins and tokens begin their bullish career, this means that we as investors must review very well what we are going to do and the ROI (if any) From the moment that BTC reaches a good price, this is something that should be taken into account, otherwise I think that a person will always have uncertainty in their life.


Well, to be honest, he was a person who always advocated that they go for Binance, because it is one of the most famous exchanges and has a large amount of capitalization and volume that is handled, but I do not like that the data that a government needs Binance gives them once, I do not like that they are always kneeling before governments, that is something that disappoints anyone and whoever is an investor will not trust, I would be happy if they enter an exchange like Kucoin, for me it is very complete, It is an exchange that has proven to be very reliable and has handled very good market volumes.

Yeah!  The main reason why there is no listing of game tokens on major exchanges, I think, is that they are really not very common and are used only by players of a particular casino.  Therefore, the free circulation of such tokens cannot have a tendency to significant expansion.  Such assets are not of interest to exchanges because they bring too little income.  I think that large exchanges simply refuse casinos to list tokens, even such well-known ones as BFG.
 However, exchange opportunities remain on small CEXs or DEXs.  And this is quite enough.

That would simply bring too few advantages for the casino I think. The coin is usually only known to the casino users and is used by them. If you do not play at the casino, you will hardly buy the tokens/coins because - apart from speculation - this would be kind of useless.

In addition, exchanges usually charge something for the listing and do not do it for free. I don't know the exact costs anymore, but a listing at Binance costs quite a bit of bitcoin, which the casino can certainly use better and improve the software, for example.

I've been in conversation with one of mod from a gambling token and he said that he will be only listed their token in the exchange site that compliant with them. I can speculate if they were only listing their tokens on exchange site that's compliant with regulation where they have been operated. At least there was a token that has been accepted to be traded in so many major exchange sites

https://coinmarketcap.com/currencies/funtoken/markets/

FUN token is listed on binance. That proves if gambling token has a chance to be listed on the major exchange site as long as it has been fulfilling all of requirements by the exchange sites itself.
The hardest thing is to be compliant with regulation and exchange site who wanna listed your token. These are problems why you were rarely seeing gambling tokens went to the big exchange site.

It based from the revenue and it gives interest to potential investors who are also playing inside the house, they are seeing how the business works and what are the possible ways of earnings aside from trying some luck playing their favorite gambling games, those staking rewards are sufficient to hold their investment and wait till the value of the asset will grow.


A matter of choice and how you foresaw the success of any assets that you think will work for you or serve as your investment token, maybe from your view, gambling token is not worthy to invest your money, but for some other investors they are okay with gambling tokens, they belive that with the success of the business the chance is good for them to gain decent profits in the long run.

There is no use case of the tokens but only for staking as we see even the MBET that you have in your signature.  Staking these tokens however give the investors the edge to earn passive income if they hold a lot of it. Betfury I think had lots of investors from this forum because it got a ton of attention when it was promoting and seem a serious casino as well. But as said, casino tokens are meant just for profit sharing from the revenue of the casino.

Holding for long term will just keep a holder losing the value. It would be best to also dump during the bull market increase the stash if you can in the bearish market.

It’s not a matter of Centralized or Decentralized tokens, no one will be 100% guaranteed. If gamble tokens is good utility why it will not be long term? i see a few gamble platform surviving for the last few years and their tokens have good enough utilities in the market. But i'm not fan of holding gamble tokens, especially long term i will never invest.

This is one of the reasons why people right now are not into investing not only with the gambling token but also other tokens due to the market crash I guess we are not finished yet with the market price dump there's support already with the 18k and chance to get dump again with the 10k price mark, so buying yet wit the tokens is not advisable but if you can sell those immediately just for a small profit still ideal to buy and because of the utilities but holding for a long term is not ideal.

Indeed, but if a memecoin/shitcoin is giving out crazy APY of 1000% or more, it always sounds a bit appealing. And if you get in early in such projects and cash in on time, you can make a serious profit. Never worked for me though lol, so that's why I prefer more 'serious' projects with lower APY.

You tell us the right things, but most of the time we have problems with that. If 2) and 4) are easy enough, we have problems with 1) and 3). As for sustainability, everyone decides for himself, it is quite difficult to form a single opinion about it for everyone.
And when we talk about utilities, we usually see a problem - every time developers try to imagine how to use such tokens. There is no real reason, some problem that the token solves - just the developers are trying to attract investors.

Yes, holding on and waiting is the correct answer if you don't want to miss the opportunity to make a profit. But unfortunately, people tend to panic and not be calm when they see the value of their investment decline, even too deep. This is what keeps them from taking advantage of the investments they make. And actually, the casino tokens they invest in have a chance to rise later when the altcoin season arrives.

Not really. I mean, if you can choose the casino token, I think the price can go up too high one day. And even though the price is not as high as other altcoins, that's no problem, especially if you've managed to collect a lot of returns from staking it. That means you can also get a decent profit. Some casino tokens are not listed on centralized exchanges and are still on decentralized exchanges. However, as long as their token casino prices can compete with other casino tokens, you can still make a profit.

True but i rarely seen a gambling platforms that does the same like meme token which has been offering like thousands percents or even more. Mostly of gambling tokens were offering realistic staking combined with dividend to the token holders based on how many revenue being received by the platform will be divided with total tokens that being owned by token holders. People will not also believe if the platform has been offering non sense APY like meme token.

Good projects only give realistic APY but if any other coin gives high APY then you have to be careful because it only attracts interest from highest APY staking influence, so I think coins from gambling don't offer high APY. The most important advice is never to be attracted to high APY because basically it is not a stable coin and tends to decrease in price so there is no profit impact from staking.

Several casino tokens BFG, OWL and TFS only listed at dapp exchange market without brave to list on bigger exchange seems Binance, Kucoin or Huobi. Based on BSC chain networks seems difficult with casino token have chance going to higher price, not good ideas if investing at casino token actually without listed at bigger exchange market. Beside with not really popular of several casino token have low transaction exchange volume every day depending less interested from investor with casino token.

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Above 50% still not guarantee to earn profit with staking some casino token however short or long term staking choose, I worry with less volume exchange transaction make impact with price dump and not worth if staking with casino token.

Just thinking of having a few of them but I wouldn't be so reliant on them to the point that it will take a lot of percentage of my portfolio. But if it performs well, everything will change and that is for sure.
We may not be unsure how huge they will be with the next bull run or there will not be that much of movement on them. Just remember that when you invest on them, be prepare whatever will be the result of your investment.