Topic: What are your expectations for Casino coins in this coming bull run? - page 3. (Read 1609 times)

I think you are very correct. Casino tokens might have to take a longer time before they move well only if they keep having new gamblers that are using their casino tokens to play bets and earn some profits for themselves. Casino tokens are not like the regular tokens that do more of advertisement to keep investors attracted to their token for a bigger adoption so the market cap can increase as quick as possible. It is important we buy and hold good tokens in the market that will be very rewarding for us especially now that the price of Bitcoin is prepared to go bull but still ranging.

These coins are sometimes really useful and profitable more than you expect, especially being a regular gambler in a specific casino. We take for instance FUN token of Freebitcoin. Even that the token didn’t reach a high price but for people who invested and staked the token from the beginning they could make some good profits in my opinion. However, not all these casino coins are a good investment, as their price isn’t only related to the market itself but also from other factors such as the number of players joining the casinos, and the amount of money gambled.

Personally, If the casino I gamble released a coin these days with good features such as good return in staking or lower fees compared to Bitcoin, it will be a good choice.

the last time the casino token I bought was a betfury token after that I didn't buy another casino token, in my opinion this casino token doesn't really have good fundamentals, its value will only grow when the casino gets more users or more money comes in (cmiiw).

my friend said that for long-term investment, you must at least have casino tokens in your portfolio, if I look at it, it's quite risky.

Personally I have high expectations about some tokens, I have seen that the Rollbit token, RLB, has had a great reception, and this casino has had a very good omen even with the NFTs, they have really changed its face, there are some native casino tokens that They start very well and then decline so much that it becomes a total disappointment, for example the BFG tokens where for me they have been very bad in terms of that, also when I make a comparison I see that the Rollbit tokens are something more. They also know how to do the things things, because we are almost on the verge of having an upward trend in bitcoin and that will generate more confidence in investors of this token, therefore it is a token that must be taken into account. , you will probably let it grow a lot.

That means we can hope that casino tokens can provide benefits for us in the future. Moreover, if the casino always tries to provide the best service to customers, this will enable the casino to develop even better. This will attract more investors because they already feel satisfaction when gambling at the casino.

That's what makes investors confident in the casino tokens they buy. They see that the casino team is serious about continuing to provide support for their casino tokens. Investors also feel that by becoming loyal members of the casino they can get something for their members.

We will see which casino tokens can develop well and increase in price in the next altcoin season. Meanwhile, we can look for other casino tokens by researching casino tokens.

If we think we already had enough conviction about a casino token to have make a decision of going for them, such is not bad at all because not all of them are that bad that they don't perform well during the bullrun, its something we can easily deduce that the casinos are functioning well and such could as well reflect from the performance of their coin, just as we have both said, we need to be sure of the casino coin we are going to make investment with.

I don't invest in these casino tokens, since the first day I read about these casino tokens I was wondering what the purpose of casino owners was to have such tokens since we all know very well that crypto casinos will naturally accept the biggest possible number of cryptocurrencies as deposits and withdrawals and casinos have a lot of competition in this market so they won't be giving a lot of bonuses to customers, they won't be doing a lot of promotions, so what specific objectives would casino tokens be created with? I was wondering about this from the first day I heard about these casino tokens, and then I started wondering about how casinos would list their tokens on major exchanges and because of the many questions I asked myself

I didn't put my money in some casino token, I preferred to watch what their end would be. and when I look at most casino tokens, I'm not seeing them being listed on the big exchanges like Binance, I'm also not seeing the casinos that have tokens being the best casinos in that market. From what I see, they are just casinos that are the same as all other casinos, they offer the same things as other casinos. most of them are very far from reaching the stake level, some of the casinos that have tokens have even ended the subscription campaigns they were running here on this forum and have not responded to customers when they have reported a problem with support

This is the FUN token chart:



It is the only casino token that is listed on a major exchange, and from what I see this is because the token was not created by a casino, but is being used in the casino. I wonder why casino tokens that have been around for over 2 years are not listed on major exchanges like Binance? And looking at casino tokens, they don't seem like good long-term investments. The only thing people could do would be to invest on the first day and after the casino launches, sell and then jump ship, because the price of the token will only fall

I haven't had much luck with native tokens, when I decided to do it it was with Betfury tokens which were excellent, but then I lost that investment because it was something that went wrong for this team with the bitcointalk entity, and that seemed very ugly to me. , because the rights of people who are from here also apply, and the first problem they had, they evaded it and ran away, I don't deny it, that affected me a little, I almost don't trust them. I don't trust them much either to buy other projects now, but in this case the project they have in rollbit is very good, the RLB has borne a lot of fruit and I don't see it going to fall like the BFG one. Nor are those at Rollbit casino like at Betfury, at Rollbit they have more education.

There are many casinos with native coins & tokens but those three that you included in your original post, are the most popular ones. But to be honest, I think that casino tokens aren't the best investment options, they are here mostly for the purpose of getting premium benefits and features from buying and holding them. If you want to get more cashbacks, more rakebacks, the chance to win some premium rewards, premium ranking, other kind of premium benefits and rewards, then these tokens are for you.  If anyone thinks that they'll buy and sit and get 150% APY on their investment every year while token will also grow in value, they are on the wrong path.

To some level we can still take casino coins as investment tool since their are listed on the exchange and at the same time being traded,  so the bull market will definitely increase the value of those coins even if not so much impact but at least some level of take up will definitely take place during the bull market.

The casinos coins that may not make so much effect during bull run are those that are developed solely fpr utilities on the casino amd are not listed on exchanges,  this set of casino coins will have a stable price and less or no volatility.

Well, if actually we should be very fair on other casino tokens I also mentioned in the op, I would say that non of those tokens are dead as of now, they all have stood the rest of time, they all have seen the bull run and bear seasons, and just like RLB, they too are still standing, so, there is a chance that they too have a chance of doing very well in the coming future, as we cant tell what the team behind this projects are cooking at the moment, but all the same, I still agree with you though, if we are to consider how this tokens are looking at the moment, then I need not argue that anyone will without hesitation choose RLB over others, but like I said before, they all still have a chance to well in the future regardless of their present condition.

And adding to this, I discovered a new casino that just launch some weeks back, the name of the casino is CADIFY,  they have a token currently trading on decentralized exchanges on The open network (TON blockchain) it's not listed on coinmarketcap or coingecko yet, so don't bother looking there, I am still researching, and Will make a proper post on this later on if I find it good for investment.

For sure they will not get affected on bull or bear situation if you mean the business side since they can accept crypto's they allowed to deposit as 1:1 ratio so there's nothing to worry about that as they can still pay users regarding if they are lucky to win.

But I guess this is not what have been discuss on this thread since the one has been tackled is the token created by those casino if they can be affected of the bull run. So to stay in topic then I guess the effect will depends always on the performance of the casino and if they can do a lot of things like frequently releasing some update and can able to build up some hype on their community while we are experiencing the bullish season then I guess we can expect something good to happen with this coin and it will provably ride the pumping season the same with bitcoin. But if they don't do anything and wait for their community to move then again expect that there's nothing gonna happen with them as provably that they will just end up on bad position since people might forget about acquiring their token.

i don't consider casinos as a part of ventures that will be affected by the bull or bear season, even thought the casinos accept the use of cryptocurrencies for the payment, i don't see them being affected much but the bullrun might have a more positive effect on them than the bear season will. Gamblers will commit more when they have surplus than when they have so little.

If I am to make a choice of investment on casinos token, then the only project o can give my trial to is RLB since the casino have a good presence and long term track records,  and also considering the amount of time that the token have survived the market crises and demand,  all that made the coin to have good foundation that can easily translated into impact for the token which is what will increase the value of the token.

I didn't buy into BFG, but i very much agree with you based on my research, not just you, but a lot of persons claimed they are very disappointed in Betfury because they neglected their token and caused those who invested in the token to lose money, I have a friend who is pretty active here on the forum and also plays frequently on Betfury back in the days, He stopped playing on Betfury due to his claim  that he invested heavily on BFG believing the token will do well in the market because Betfury was his favorite casino back then, but unfortunately, the token price kept going down and down and at a point, he could not take it anymore, he had to sell off the token at a heavy loss, and since then, he stopped playing on Betfury because according to him, Betfury cant be trusted due to their failure in the aspect of their token.

So for me, i am not expecting anything much from BFG in this coming bull run, i usually do  not invest in casino tokens, but if i was to change my mind and decide to invest, i think i will go for RLB, this token looks like one that will make it to the top 100 and above on coinmarketcap in the coming bull run.

There are many coins that are from the casino that are very good, others that are a total disappointment, I have invested in some, the case of the biggest disappointment I have had is with Betfury, where it was a casino that offered me good Returns and I was able to make things that I thought were going to be for the future, but from one moment to the next everything changed, and things went to the bottom, well for me they went to the bottom, because I invested little in the tokens and that did not help me at all, apart from the caisno's gesture of not responding to us anything else in the forum, it seemed disrespectful to me, those things disappointed me, the  casino is more booming, in this case it is Rollbit for NFTs, because of the tokens, are having a lot of success, for me that is the best.

We have some good casinos here that have their coins spread and invested over
 many people and their popularity made those investors to trust their tokens but some of
them are facing issues and being questionable .
but like others I choose not to invest in one of those instead i am investing in
bitcoin and some top altcoins.

Rollbit set some nice standards since they able to manage well the situation and get a good price run even if the market condition is not doing well at some certain times. We can also add that Rollbit casino is successful that's why this will be a plus factor for people thinking about having those casino tokens since from that they maybe would get a basis that it will not turn into a bad asset to have compare with other casino tokens. So far what I see with other is not really in good situation but let see if there's something like a altcoin bullish season and if we can see something big changes on the market of casino tokens since if they can able to revive back then maybe the interest of people to have them might come back.

Well, I won't completely agree with you bud, for I do not believe that casino tokens are completely dependent on the gambling casino itself for its success, if you look around, you are going to find a lot of examples, but for now, let me just give you one example.
Look at betfury casino and look at their BFG token, Betfury casino is really a successful casino if you ask me, but the success of this casino has not reflected on their BFG token, infact, the token sometimes looks like it's dead, meanwhile betfury casino is really doing well as a business.

I think aside from product, there are alot of other factors that determines the success of tokens, and those are..
Hype
Community backing
Utility
And so on..
I am yet to find any casino tokens with this three things in place, and it's the reason why we have not seen any casino token enter the top 100 on coinmarketcap, casino tokens lack, not just hype, but also utility and community backing.

but there are very successful casino that still have not find their coins being in success completely now meaning this is still depending on how they are marketing their coins and what would be the benefits of its investors.

we can say everything but for me ? i am not willing to spend my time and money investing in casino coins when I can find more better projects outside casinos .