Keep casino tokens or sell for new investment?

DoublerHunter

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Quote from: dothebeats on August 20, 2021, 04:20:45 PM

Mainly depends on how well the casino is performing.
~snip~

^ That was a good suggestion or advice.
It depends on the casino how they will perform if we saw that they keep operating legally and there is no serious complaint towards them. This is something the same as investing in ICO, you need to check first the platform by their roadmap and the product how impossible they will use by the community. In gambling just do the same, rating status should be must just like Freebitco.in they have a FUN token and I keep some of them and waiting until my fund becomes double or triple the value.

AmoreJaz

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Leading Crypto Sports Betting & Casino Platform

Quote from: dothebeats on August 20, 2021, 04:20:45 PM

Mainly depends on how well the casino is performing.

If it is still attracting new players and keep on posting gains on their reports, I would keep the token as is and let it sit there for a while, otherwise I would have to think of a new investment wherein my money can perform better and I'm getting the most value out of it being "idle" at one place.

It's illogical to take out the token and sell it for a investment that does not perform even half as good as what the casino token is doing. Plus, it's hard to know which investments are best to engage on at this point in time. Investing isn't for everybody, so why take an additional risk of doing it yourself if a casino token is already bringing you passive income a day?

yes, this factor is very important. because it is worth keeping the tokens if the casino itself is gaining players and you can see that they are really doing good in this business. so the chance that their tokens will really be valuable in the future is high. you can get some insights if they are doing well by checking their stats and the interest from the community.
and definitely, you need to weigh your options. do you think the new investment will perform well as compared to your tokens? passive income from your current tokens may not be that much but you have good assurance that they will make it good in the market sooner or later. your choice...

dothebeats

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Mainly depends on how well the casino is performing.

If it is still attracting new players and keep on posting gains on their reports, I would keep the token as is and let it sit there for a while, otherwise I would have to think of a new investment wherein my money can perform better and I'm getting the most value out of it being "idle" at one place.

It's illogical to take out the token and sell it for a investment that does not perform even half as good as what the casino token is doing. Plus, it's hard to know which investments are best to engage on at this point in time. Investing isn't for everybody, so why take an additional risk of doing it yourself if a casino token is already bringing you passive income a day?

ryzaadit

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Quote from: bittraffic on August 20, 2021, 08:31:59 AM

-snip-

The good things about these dividend

You don't need to do a wager, I have some token casino receive maybe around 0.2-0.3$/day still nice for myself. Just need to wait, can the casino is growing or not. While they have a good bankroll your dividend should be good, the good things no need to bet ~XD.

adzino

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Quote from: bittraffic on August 20, 2021, 08:31:59 AM

Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?

Just a delimma for anyone to think of. I have something in mind but I wanna ask your opinion since I also bet everyday in this casino.

What's a casino token? Never heard of it. If you are talking about tokens issued by the casino, then I would say it's better not to hold them for a long term. Very likely that they own or hold most of the tokens issued. This means they can easily manipulate/control the price. Better to sell them and invest in some other coin like BTC or some other well known altcoins. Not worth it for just $1.20 USD a day.

iv4n

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I gamble for my casino tokens, and I receive daily payouts from that! I am not planning to sell them anytime soon, I am still gambling and earning them, and I will continue to do that! It's a nice combination for all of us who like to gamble, we get something extra from our gambling sessions, and there's no reason for stopping doing that!

Will you get $1 daily or more depends on your bankroll for gambling and your gambling style! The ones who gamble more can mine more tokens and they will receive higher daily payouts!

RapTarX

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Quote from: bittraffic on August 20, 2021, 08:31:59 AM

Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?

On how much investment the profit is shared? It doesn’t seem good to me. It’s another form of staking; just to influence you to hold the casino token. Personally, I would not hold such tokens for long. It’s very risky. One stupid drama may ruin the market and/or a stupid move from the team would also ruin. Why would you take such risk. I would instead convert them into BTC or USDT. Not sure how much active you are in that casino. If it’s your only casino, I would suggest to sell at least some so that you don’t risk losing everything. Hope it makes sense.

semobo

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Quote from: bittraffic on August 20, 2021, 08:31:59 AM

Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?

Just a delimma for anyone to think of. I have something in mind but I wanna ask your opinion since I also bet everyday in this casino.

If the returns are given legitimately then its worth to hold the token.

But I don't have belief on such tokens since they are not successful in the long run so better sell it for BTC and hold them on a lending or staking platform to get 5 to 8% return per annum.

imstillthebest

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holding a token in the casino where you play is a form of support and respect . a 1.2 $ a day is also a nice passive income and you can use this too in your daily gambling activity .
think of it , if you sell all of your token you will earn more than a dollar but you can potentially spend that all too and there will be no more for you .

cryptomaniac_xxx

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Quote from: bittraffic on August 20, 2021, 08:31:59 AM

Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?

Just a delimma for anyone to think of. I have something in mind but I wanna ask your opinion since I also bet everyday in this casino.

Just like any other investments, there is a risk of holding it because no one knows what the future holds.

If that $1.20 profit sharing a day for you is good then continue to hold and make that passive income. If not, then obviously, sell your share and re-invest it in other token. As others have pointed out, the final decision will be yours. And once you make that decision then stick to it and don't regret anything. It just the nature of the world that we are, and there will be a lot of dilemma, and I would say that there are no right or wrong answer, as long as you have made profits already, then it's all good.

pawanjain

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Nothing lasts forever

Quote from: bittraffic on August 20, 2021, 08:31:59 AM

Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?

Just a delimma for anyone to think of. I have something in mind but I wanna ask your opinion since I also bet everyday in this casino.

Why not do both by splitting it up ? Sell half the tokens and wait for the market to pump while holding 50% of tokens and get a share of $0.6 a day.
This would make more sense if you are not sure of what to do or how the market would behave in the upcoming moths.
Also, it depends on the number of tokens you hold and the value you will get by selling those coins.

Kelvinid

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It's still an investment, but as per my observation, casino tokens are not really a profitable investment.

Lots of casinos in the past are selling their tokens but they are outperforming by other platforms or industries.

Bitdice token for example is not even profitable, and I know there's more but I'm not familiar anymore as they don't really live up according to my expectation.

avikz

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Quote from: bittraffic on August 20, 2021, 08:31:59 AM

Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?

Just a delimma for anyone to think of. I have something in mind but I wanna ask your opinion since I also bet everyday in this casino.

Are you sure it's a casino and not a hyip???

Because casino websites don't really share a fixed amount of money everyday. It is usually based on their profit. So sometimes you won't get any profit at all.

So if you are sure that you have invested in a functional casino website, I would rather ask you to hold it because $1.20 is a nice little incentive if you are coming from an Asian country. But make sure they are a functional casino first!

Rruchi man

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Quote from: qwertyup23 on August 20, 2021, 08:43:58 AM

Casino tokens were created primarily for the gambling platform that you play in. Without any movement or anything at all, it is better to dispose them and convert them to cash to purchase another investment- but then again, it depends on your priority at the moment.

If the casino tokens in question are the limited edition casino tokens that are priceless and that you value priceless items and a collector, it is okay to keep, but if otherwise, and a bright investment options surfaces, selling the casino tokens is okay.

GreatArkansas

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Quote from: bittraffic on August 20, 2021, 08:31:59 AM

Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?

This question is like an investment question. And the answer is also the same with other altcoins or Bitcoin, "I hold Ethereum, should I sell it or hold it?"
For me, it will basically be up to the project, as their goal in the future, how they are working, and their tokenomics, if it's good for the long term or short term. Kinda more fundamental, or even you can use technical analysis here.

qwertyup23

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It really depends on your current goal. If you are not in a rush and you prioritize long-term investments, then it's better to keep those casino tokens. But if you also feel like there is an opportunity to invest on an altcoin, then do not hesitate to liquidate all of your casino tokens.

Casino tokens were created primarily for the gambling platform that you play in. Without any movement or anything at all, it is better to dispose them and convert them to cash to purchase another investment- but then again, it depends on your priority at the moment.

Twinkledoe

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It really depends on your priority. If you think you can get good and faster returns in the new investment, why not? But if you feel the token has promising future, then, keep the tokens. Anyway, you are a regular player also of the site as you said, so in case, you can feel if there's something wrong with the casino. And in that manner, you can decide fast what to do with your tokens.

Mahanton

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Quote from: bittraffic on August 20, 2021, 08:31:59 AM

Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?

Just a delimma for anyone to think of. I have something in mind but I wanna ask your opinion since I also bet everyday in this casino.

Wouldnt really be that much because casino tokens are just good for the platform itself and i dont see it would really be getting much on demand in the market.If you are earning a dollar for a day
then it would be much better on leave it that way.

Depends on you if you do find out that it would be beneficial for you but if not then better leave on that way. Casino tokens arent really getting much demand but as long you are
profitable then thats considered to be good.

bittraffic

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Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?

Just a delimma for anyone to think of. I have something in mind but I wanna ask your opinion since I also bet everyday in this casino.

Topic: Keep casino tokens or sell for new investment? (Read 137 times)