Topic: What are your expectations for Casino coins in this coming bull run? - page 3. (Read 3550 times)

I agree with you that the price is unstable, which poses a great risk to investors, but it can be noted that the token is making great strides in a very competitive market. It is not easy for any other token to reach the list of the top 100 cryptocurrencies in a short time, like RLB, and this is a good indicator of the reliability it achieves on exchanges, without talking about its role in the gambling industry.
As i stated before, we (as Rollbit community fans) are look forward to the team’s future plans regarding developing the token and supporting the spread of its use on a broader scale. This is not an easy task, but it is not impossible in any case if the platform’s user base continues to expand, including other casinos or other service platforms.

I agree that there have been casino tokens that have become bankrupt, I've seen a lot of them and to be honest, they were once a good one but then with all of the market moves and the developer's actions, they didn't survive.

That's why many are in disbelief that many of these tokens aren't going to survive. But, we're seeing that some of the existing ones are doing well and they're making name not just for their own business but also in the token's market.

Pump or not, then it would really be just something that basing up into those who do invest and we do know that it wont really be always that getting in line with those current market trends.
If we do tend to look and compare out on which same as you said that even on alt pump, there's no way that these tokens would really be going in the same path but rather
it is really just that having no movement at all. It would really be just that independent i should say but in overall it would really be just that depending on overall demand and investment
into those people whether those random investors or to those people who had been playing on the site on which they've decided to make out some investment on it
just to have that showing up the support.

In fact, many people already know this, that investing in casino tokens is not always profitable, in fact, what results is losing a lot of money there, as you said, they are only used in their casino, obviously if their casino goes bankrupt, it is the same as making the casino tokens go bankrupt. not really worth anything, there are many cases of casino tokens closing and going bankrupt, so it's best not to invest in gambling, for example by investing in buying their casino tokens because whoever it is must know what their roadmap is for the long term.

There have been many examples of casino tokens going bankrupt because I don't want to mention them all here and I'm sure everyone knows that well-known casino sites have gone bankrupt in the past, there are quite a few on this forum, of course most of them also run other businesses connected to their casinos, namely releasing casino tokens. they share the profits from casino revenues, but in the end they actually go bankrupt because of poor management in the casino, talking about FUN of course it is not a casino token but a token that can be used to play casino games, FUN can indeed be added to other gambling sites, but it seems that after the price continues to decline, very few people want to touch this token. 

Honestly speaking I do not have a good experience with the casino token's investing. The price of these tokens does not rise even in the mini alt-run and I am just disappointed. I think most people will have the same point of view. We are all waiting for the price of these altcoins to rise to our buying price so that we may dump them.
I do not say that casino tokens are bad , in fact, they are good if you want to gamble with them but these should not be for long-term investments. Others may have different experiences but I am just telling my little investments with a few of these altcoins and all of them are in a loss at the moment.  

I feel the same. Casino tokens don't have any other utility than being used on the casino itself.
FUN is not the same though as it has not been created by a casino site but as gaming project.
So it has a probability of being accepted by various other crypto sites as well but that isn't happening for some reason.
If that would happen then FUN token price would soar high.

Yeah, that's exactly how it is. 
Game tokens, thanks to the support of players and their real utilitarian purpose for specific tasks defined by the casino, have their own characteristics of circulation in the market environment.  It is the usefulness of the token for players that prevents it from being completely lost.  But since the size of the audience of casino clients has been approximately at the same level for quite a long time, accordingly, the demand for the gaming token of a given casino is further stabilized.  And this, in turn, stabilizes within certain limits the market value of such a token. 

So, indeed, the class of gaming tokens can be distinguished into a separate specific class among all the numerous altcoins

Haha. That's the old narrative used by shitcoiners who have no general understanding of how Bitcoin works, WHY it actually works, and WHY it makes sense. The other coins, especially POS blockchain networks that claim they're "truly decentralized", have NO idea that POS doesn't actually work. Plus the developers that understand, but they continue to work on them know that they are selling things that don't actually work. They are such nefarious individuals.

Overwhelming demand due to lies spread about a coin that it's better than Bitcoin, faster/cheaper transactions and stuff is one thing.  A growing demand due to great performance of the casino that a coin associated with is entirely another.


I think so too. Rollbit and Freebitco.in are reputable and prosperous casinos, and their coins can rise in value with time. I don't know about will it be a sudden "pump" or just a gradual rising, but I believe in their bright future.


Visit their official thread, mate. It looks like they are back to normal.

I believe that instead of doing your research and focusing merely on general cryptocurrency narratives, you should study each of them individually and learn/understand how each is fundamentally different from the other implementations of the same asset class. That's probably how you find the best performers in the market, no?

But it's probably best not to listen to me. I'm a mere pleb Bitcoin HODLer who can't trade the market well enough.

This may sound odd, but I really think that the casinos themselves limit the potential of their own coins, I say this because when I look at meme coins, we know there is nothing behind them, except the hype they can generate, and yet if enough hype is there a meme coin can skyrocket.

But for a casino token it is difficult to generate the same kind of enthusiasm, as the growth of the casino itself will be slow, causing the movements of their coin to be way slower as well.

I remember RLB coin being on the top 100 in terms of market cap months ago, but I just looked at its rankings just right now, and it's at the 290th already. I also saw its price movement, and it went down from $0.25 all the way down to $0.06. Not familiar with both FUN and BFG though, but I'm pretty sure that both have a much lower market cap compared to RLB.

Anyway, I'll try to answer your questions OP
1. I think I'll go with RLB token. I always believe that the higher the market cap, the higher it's chance for success as many are still trying to buy it.
2. With how many casinos right now in our forum that are being promoted, I will not be surprised if they will create their own casino token. I mean Rollbit doesn't have one when they launched their campaign here. Now they already have their own token.
3. I don't know TBH how they will perform, but I have low expectations towards these casino tokens when it comes to price growth.

Diversification work sometimes, like betting several lines on a lottery, but only if most of the tokens won't die and that one that moons, moons enough to compensate everything else we hold. And that's how the narratives usually start. One token goes parabolic and moons, so everything related to that genre, narrative or just the name suddenly moons with it soon after.

And while narratives and speculation move prices faster then anything, some tokens have have designed to have intrinsic value, that's supposed to create buy pressure and hold value no matter what market conditions are. Like buyback and burn for example.

Depending on the mechanics of it, it might take time to be effective. And sometimes casino revenue used for burning isn't enough, and it could take a lifetime to burn even 50% existing tokens with a very low marketcap. And 9 times out of 10 they are a marketing gimmick rather than a real thing. But there are some really good casino tokens (and others with insictrict value) that are should eventually grow seperately from the market conditions.

But these kind of tokens aren't media sexy enough and seem too much like old world markets, then highly speculative crypto tokens, so i am not sure if they ever get same kind of fomo under them, unless one of them moons.

Profitability will really be just that depending on how early or late that you have been able to get in, doesnt matter whether a casino based token or any tokens which are available for someone to invest.

They would really be just that differ in category but in overall it would really be that sharing up on the same reason or purpose on why someone do make out some investment to it on which it would really be that always pertaining about on how to make profits with it in due time. So it all matters about risks taking on that certain individual or investor specially if he/she believes that certain token would be having a potential.
The only notable difference with these casino based tokens that it isnt really something that getting much attention by those investors who are really that sticking into those projects which is far more broad
in terms of utility rather than on just simply sticking into these casino based tokens on which it isnt really that something that having that utility or usage.

So invest on what you have chosen because if you do really just that tending to copy others suggestions and recommendations then you are really just that basically making yourself
having that regret if you do always copy.

Well, you may be right, or should i just say that you are right, first, casino tokens not being profitable is a fact, atleast, this can be confirmed when their performance is compared to other tokens in the other narratives, I personally invest in casino tokens simply for diversification purposes, since when a bull run is coming like the one on the way, it makes sense to hold coins and tokens from different narratives.

And Secondly, about the coming bullrun bringing a new narrative to the table like the previous ones brought NFT, Defi etc, you are right and I think that is gradually happening as we speak.
With the number of people playing telegram tap games, and even big businesses now building mini apps on telegram due to the massive user base, it's unlikely that this won't be a new trend in the coming bull run.

That's true that many of them don't fall dramatically or if they do, they're going to fall lower but not all of a sudden. They're also following the market trends but their movement is solely based to their loyal customers that uses the token for its utility on their platform and that's why with your observation about them, they are not the same the other altcoins that falls a lot when something happens to the market. The utility is maximized with the help of their customers.

Technically speaking, casino token should be the one who is profitable the most if casino gives the real utility of its token rather just staking feature. Casino is generating huge profits compared to typical crypto projects that is just relying to the transaction fees.

If casino token will have an exclusive feature which a regular can’t get without holding the token then investors might possibly get interested on acquiring it due to the exclusive benefits.

I have constantly said this, because when a casino creates a token, despite the token not needing coders, not needing costs to maintain the network because they are on the blockchain of another currency like ETH or SOL, the casino will still have to spend money to pay for listing on major exchanges and casinos that have tokens do not do this, we just need to see that only the FUN Token is listed on Binance and it is not a token created by any casino, it is just being used by a casino. So why do casinos create tokens when they know they don't want to spend money on listing the token on major exchanges?


In my case, I don't buy any casino tokens because I see it as a waste of time and money, I prefer to spend money playing at the casino. These casino tokens go up in price a lot, they depend on the success of the casino and we all know that every year more new casinos appear and because of this the competition becomes very strong to the point of driving existing casinos out of business. So I don't see casino tokens as being a good investment

To be honest, I am not very optimistic about casino tokens in the upcoming bull run.
I personally think that the next bull run will bring something new to the table just like the previous ones bought ICO, NFTs etc...
Casino tokens are not that profitable according to me but I am still holding a little portion of FUN tokens in my freebitco.in account.

Converting then selling the token is part of earning from the system, but if you're a regular user of the casino that gives more incentives for using the casino token, then why would that user sell right away? ¯\_(ツ)_/¯

They would definitely keep some of them to use in the casino for more incentives and more V.I.P. rewards, no?