Topic: What are your expectations for Casino coins in this coming bull run? (Read 3550 times)

[quote author=Fivestar4everMVP link=topic=5492459.msg64328618#msg64328618

So, anyone investing in casino tokens should either have a mindset of leaving the investment for a long time, or maybe use the tokens as a way to earn some bonuses from the casino, if the casino have any of such bonus promotions running.

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As a matter of fact, this is the essence that guides a person who decides to invest his money in a game token on a noticeably large scale.  But I still don’t quite understand the motives of such investors who purchase game tokens for the purpose of long-term hodl.  In my opinion, if you are not some kind of person affiliated with the managers of this casino, or are not a member of the team of this casino, then such an investment of your funds does not seem to me to be entirely reasonable and fair. 
Of course, the price of the token to some extent follows Bitcoin and, in general, the capitalization of the entire cryptocurrency.  But this movement should usually not have greater fluctuations that are really interesting for investing than the market itself and individual, promising coins on it. 
But of course, if owning a large block of tokens brings the player additional promotions and bonuses, and you are a player of this casino, then this, of course, is already a normal and reasonable investment of your money.

Am not currently holding this token called hunny token, but i never underestimate the potential of some of these tokens to how they can perform, mostly when the market is fast rising and bitcoin is pumping consistently, you will also discover that they will also rise along with it, if this token is doing well, many will give it a try and the market cap will keep increasing because it will be having an increasing number of investors on it.

Casino tokens are not usually investment tools that one can depend on for quick profit, except it does happen like in some rare cases that after buying the token maybe like the previous day, and today, the management of that token announces a major achievement, like a big exchange listing and so on, and the token value begins to grow exponentially, this is a different case and though it's possible, it's often rare for such to happen and also take luck.

So, anyone investing in casino tokens should either have a mindset of leaving the investment for a long time, or maybe use the tokens as a way to earn some bonuses from the casino, if the casino have any of such bonus promotions running.

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Anyways, what do you think about Hunnyplay token, any one here holding this at the moment?

If we are speaking about casino based tokens then it would really be that most likely be that tying up into that platforms popularity on which it its known and popular then it might dragged on with their tokens price or value and to those who had been able to get or invested on with it will really be having that kind of advantage or profitable on such aspect. It is really just that there are people whom do consider
other altcoins rather than this because it do really only have that sole purpose on a certain casino site when it comes to utility. This is why they would really be that choosing it over these tokens
not unless if you are a loyal player into this platform then you would really be considering on making investment but if not then you would really be sticking into those common altcoins in the market.

On the moment that you would be considering casino based tokens then you should be accepting that when it comes to price pumps then pretty sure that it wont really be getting in line
with market sentiments or  trends or simply could make out some movement without basing with these conditions. This is why its really hard to make out some consideration
because it doesnt pump out with those common conditions.

I guess still depends on their needs on the altcoin they choose, since even if that token is been recommended by a lot of people and it has a good running casino brought up its growth but what they want is a quick profit then for sure they will just get disappointed since for now it cannot give any fast profit turn out to them.

So acquiring this token is maybe only for those people who know that they need to wait maybe for quiet long time before they can see the result of their investment made or they want to use it for something that can give them benefits on the casino who owned this token.

We will not hesitate to choose these three top gambling altcoins because their projects actually have many active gamblers who have given positive feedback on their projects, so we might add one of the gambling altcoins in the list of coin asset portfolios but it all depends on the initiative to have a gambling altcoin because some investors are not interested in altcoin gambling. But I usually take advantage of the bearish market moment to add several altcoins including the three gambling tokens above which are still on target for review for analysis and I wait for the right moment to buy at a lower price.

I think that is better for me to participate to airdrop that's well known that has to do with token is valid one from my understanding,  so I know quite well that many people still hold and benefited from the airdrop they did for last time, so I know that, so I may say I will not like to be a partaker, so what I know very well concerning this airdrop promotion if it airdrop happens to be valid I know that people who participated on it will be beneficial to it,if I'm not mistaken, so I believe that we need to verify very well to know the kind of promotion we are suppose to promote

Where are you getting this speculation from? The fact that Bitcoin is facing some challenges doesn't me it is over for it this year, it will stabilise and rebound. After all, we just barely slipped through the first half of the year, don't you think the year is still very promising for Bitcoin to hit another ATH in over 5 months?

From what I read from you though, it shows you never decided on that solely by yourself but also fetched the idea from the speculation of others, which I do not think is smart enough. If you check the chart of Bitcoin on the larger timeframes, you will see that it is not decisive to call it the end of the coin this year. For me, it may or may not hit the widely expected $100,000, but certainly, if Bitcoin could move above $62,120 and also stabilise above it, then there is a very high possibility that it will create another ATH before the close of the year.

That will happen, especially when the monthly and weekly price actions have a strong bullish stance. And by virtue of that, the altcoins will follow, which is what will engrace the casino coins as well. So, do not give up hope yet, Bitcoin is not the only market that will face a challenge like this and still come out of it stronger.

I also joined that crypto play airdrop, but I got my own link from their signature campaign thread. What you are being rewarded for the main time is a point that you are earning for fulfilling the task that you are being asked to do and also playing a few of the Sonic games when your point balance has been filled up.
 
And the point is different from their token. I have seen their token around the coin market cap, and if I could remember correctly, I might have traded it a few times when I was playing with newly listed coins.

Yeah.  I also agree that the recommendation presented is reasonable and generally correct.  And this, first of all, is simply due to the fact that all three issuers of gaming tokens represent themselves as very large, well-known and have been working in the casino market for quite a long time.  We can safely say that all of them belong to the flagships of the gaming industry, and this is, of course, a serious guarantee for the further use of gaming tokens and the fact that one cannot expect a sharp decline in demand for them.

When the current market conditions are very unlikely for altcoins to experience an increase without support from the price of bitcoin, all top altcoins have experienced a fall from their previous prices and gambling altcoins are no exception, maybe some new coins are trending upwards regardless of market conditions, but the increase in coins is only temporarily and ultimately will also follow the latest market prices. I think now is a golden opportunity to collect top gambling altcoins that have the potential to gain profits when the market recovers, maybe the recommendation of the top 3 gambling altcoins in the main tread section is the recommended choice.

I support your argument, bitcoin will not hit another all time high again because as it is said by many others as well bitcoin has already hit it All Time High this year so the next all time high should be the next halving again which should be 2028. But at the ending of the this year the price will reach either $60k or $50 and in between. And for now that the price is going down, it will not hit another all time high.

And casinos and other altcoins also follow the movement of bitcoin so for now all will decline. And as you said the thread was created for the previous bull run and not now so we can't predict the prices of any coin now because there is no bull run again.

I'm back here because it looks like there's no bull run coming anytime soon. Bitcoin has already reached a new ATH, but altcoins are still lagging behind. Now that Bitcoin has significantly dropped, currently trading at $56k, I think it will be too hard to expect a bullish trend for altcoins until Bitcoin bounces back and probably hits a new ATH.

This thread was created on April 11, 2024, when Bitcoin was trading at around $70k, so the bull run speculation was very relevant. But now, I'm sorry to say that I've lost some hope that the altcoin bull run will come anytime soon. I think it will take more time, probably in the last quarter of this year or early next year—just my guess.

According to the news I read on X, the German government just sold more than 10kBTC and they are still holding more than 40kBTC, they are gradually selling to the market, they have not sold all the bitcoin they hold. It's not just the German government selling bitcoin, Mt.gox is doing the same thing and I think that's what caused the market to drop significantly in recent days.
If we are investing long term in bitcoin, then this correction is a good opportunity to buy more and not the time to panic.

In reply to your topic, I also intended to invest in RLB last year when the gambling trend became more prominent. But recently I put that idea aside because I thought it was just a temporary trend like NFT, P2P...in case, if it was not the main trend in the upcoming bull season, the profit would not be too high but we still face quite large risks. So if you intend to invest in them, you should consider carefully because in my opinion it will not bring better profits than other Altcoins.
By the way, I spent some time researching those 3 tokens and I still like RLB the most.

I see some sense in what you said but you seem to have exaggerated things as well by giving all relevance to Bitcoin. It's true that Bitcoin's movement could be a means to predict what other altcoins could do but there are variations to this as well. Based on the context of the discussion, casinos' tokens don't only work with the majority (crypto industry at large) but also with the performance of the casinos themselves and extra marketing commitments of the casinos if they truly mean business as we've seen earlier with RLB. So there could be a deviation, and by virtue, this analysis of yours about Bitcoin may not be entirely true. After all, we are all speculating, there may be a time when the speculation will not be as predicted. Also, with the present state of Bitcoin, the huge FUD is now in the market which is also dragging most altcoins (if not all) downwards. Nevertheless, I sense one thing, such tokens like the casino ones may get to a level that will reject what Bitcoin is doing if it does it too much. This is highly possible as a branch of the crypto industry (casino tokens) just like what we've seen in other branches like memes in the past.

Perhaps only players who believe in advance that they will play for quite a long time in a particular casino that uses its tokens in games accumulate these same tokens.  Thus, for a truly developed tokenomics of gaming tokens, it is necessary to constantly retain the community of players in this casino and ensure an influx of new players, also apparently with the help of bonuses and promotions associated with this token. 

As for the bullish cycle, probably game tokens, following the overall capitalization of the entire cryptocurrency market, will rise in price, but I think that it will be relatively slightly weaker than Bitcoin itself and all Altcoins.  This is due to the very nature of these tokens as utilitarian gaming chips.

You are wrong, or perhaps, let me just say that I have a different opinion and reason why the price of bitcoin is going down.
There are several reasons actually, but I think the one that stands out for now is the fact that the government of Germany have moved and possibly sold bitcoins worth over $3 billion dollars since towards the end of June and this very moment, and you and I should know that $3 billion dollars out of the market will definitely bring the price of bitcoin down a bit, but then, it's important we do not panic; for just as you have rightly said, this is a good buying opportunity, I believe that before this month is over or possibly by the beginning of next month, the price of bitcoin would have very much recovered from this major sell off, while the market is preparing for a major bull run, which we all look forward to.

More players, the more possible demands they can get that's why marketing plays vital role in this since it could able to grab a lot of people attentions then provably that they would try to gamble then possibly accumulate the tokens owned by casino if they are been impressed by the performance provided.

I guess casino need to do more better job and always include their tokens on their advertisement especially when marketing in on advertisement on other platforms or thru signature campaigns so that people would not forget that they have tokens available to accumulate in those exchange where it listed. For now I guess the main concern is not about the another new round of bull run but their performance during this season since this could make people convince to accumulate then create demand for it to also have a good price run.

Apparently this reduction in the price of BTC will have some impact on the cost of game tokens, but this impact will be extremely insignificant.  Apparently, players using such tokens will hardly even notice this price movement if the casinos themselves that issued their token are stable. 
And it is the stable operation of the casino and the preservation of an approximately constant number of casino clients that, in my opinion, determine the factors and formation of the price of game tokens.

Without a doubt it can be surprising to see the price of bitcoin going below the 60k resistance level, however I really think this is a consequence of the early movement that happened during the last year.

Basically the price of bitcoin grew way ahead of schedule and now it seems as if it is going to take a while before we see a positive trend again, something that does not really bother me that much, as we can buy the dip now and enjoy the benefits on the future as long as we can hold our coins for that long.