What are your expectations for Casino coins in this coming bull run? - page 4.

Hispo

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Quote from: Dunamisx on April 22, 2024, 03:54:11 PM

Casino coins are mainly dependent of the casino business and projects, if they are actually successful in their business, then there should be more exploits from their casino coin or token as well, this is all about money, funding the project that lies behind such, having strong background investors and users as well who will develop a continual interest on the use of the coins and tokens, investing and referring others as well on such project into further development.

So based on your opinion about casino coins and casino tokens, don't you believe we are rather taking about securities or stocks? Because of the value of the coin is highly dependent on how the business or issuer is going, then it is very likely we are talking about a security and not a community or decentralized asset.
Take Bitcoin as comparison, for example, Bitcoin was not issued by a centralized authority and does not depend on a webpage or business for it to continue to thrive in the market.

That is one of the reasons I would not recommend to heavily invest in casino coins and tokens, of one is not sure of the jurisdictions where the company is based and the laws of that jurisdiction when comes to unregistered securities and stocks.
Actually, it is kind of impressive to me how some casino coins have managed to reach big exchanges like Binance, while having so many characteristics of an unregistered security. Tongue

Betwrong

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Quote from: arwin100 on April 22, 2024, 06:40:52 AM

Quote from: Betwrong on April 22, 2024, 04:19:43 AM

~

Investors associate the success of the casino to their token since that give them confidence that the casino can able to support their token.

Right. Although I personally think that no "support" is needed, but I think you are right, that's what warms up hopes of most investors. In reality, if the casino is doing well then its tokens(coins) have a great utility and they don't need any support to be able to rise in price with time or retain their price if it's already high.

Quote from: arwin100 on April 22, 2024, 06:40:52 AM

~It didn't meet the expectation of people that's why those people experience the worst like they are bag holding those token for many months or it reached for years they didn't want to engage on any of these type of token anymore since they get afraid if same situation will happen to them knowing that this tokens will only be good at first but once they exist for many months the value and volume declines.

Yes, there are exceptions, of course, to what I said above. If the initial price of casino token was artificially inflated at first, then, even if it'a popular casino and prosperous joint, the price of their coin might decline in the future.

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Quote from: Fivestar4everMVP on April 11, 2024, 02:20:17 PM

1. Amongst the three casino tokens I mentioned above, if you were to invest in one, which would it be?

Even I am not interested to invest in casino token because all the time I have been seen that those who are casino coins are always go for dumping. But in case if I change my mind and invest in casino coin then I will choose rollbit in your three options The performance of this coin is quite better than all other coins it was launched in 2022 and its starting price started after zero and two more zeros and currently it is around $0.13 which is an outstanding performance casino coin.

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2. Are there any new casino tokens you think will do well in this coming bull run? Please tell the community and briefly introduce the project to us..

Currently if anyone wants to invest in casino coin based on bull run then I would say not to invest in any coin other than RLB coin. And also I would say it is better not to invest in casino coins for long term.

Dunamisx

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Casino coins are mainly dependent of the casino business and projects, if they are actually successful in their business, then there should be more exploits from their casino coin or token as well, this is all about money, funding the project that lies behind such, having strong background investors and users as well who will develop a continual interest on the use of the coins and tokens, investing and referring others as well on such project into further development.

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Quote from: bitterguy28 on April 17, 2024, 08:14:35 AM

Quote from: uchegod-21 on April 11, 2024, 03:13:59 PM

I think when I was new in this space I invested in Betfury token. But then, for the sake of bull run, I think there are alot of projects which are promising. It is not necessary that you will cover every area with your portfolio.

and Also this is about what we do believe that will bring us profit and not just because it is popular or something in similar to that .
but also there are some issues these type of coins are facing maybe this add to why they are not that popular nowadays, and indeed that why need to fill your folio with coins that you believe does not belong to your holdings.

Popularity without significant price increase is just a hype without value, which is what most casinos tokens are all about, their have failed to build the value needed to propel their price growth since many of those coins were not actually used as utility on those casino.

Their were rather developed as pour investment tool, which is the main reason why they missed out too quickly most times, but few of them that actually traded the path of growth and development, their have shown much improvement in the price and how their manage to grow their price steadily.

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Quote from: Betwrong on April 22, 2024, 04:19:43 AM

The difference between most tokens and casino tokens is that people usually associate a particular casino with them. If the casino is popular if its business is going well, then than it is likely that the token associated with it will go up too. For most people it's easier to evaluate how good or bad the things are with a casino than with some mysterious crypto project, the developers of which are telling you that everything's great, but you can't comprehend the sophisticated details.

Casino tokens are a just fundraisers for the casino. Even if the token gets dumped or doesn't get much attention the casino won't lose anything and most probably some people will buy it anyway, providing liquidity for the business. I've never been a fan of these tokens because you can clearly see that they're creating more shitcoins because people are so willing to throw money into these things, just like they threw money into ICO's and later NFT's. If you want to invest, buy bitcoin and if you want to gamble just gamble. Buying casino tokens is for the average gambler a low risk investment when they compare it to what they're doing in the casino, but it's not.

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Quote from: Fivestar4everMVP on April 11, 2024, 02:20:17 PM

Hi ladies and guys of the gambling board..

I believe by now, we all should already know that the bull run is fast approaching, and like it's often said, "Do not put all your eggs in one basket", I've invested in different coins from different narratives like Defi, Ai, Rwa, Gamefi and so on and on, but one narrative I've not put any money in Is gamblefi, or simply put, casino tokens, that is a token or coin owned by a casino, and this is not becuase I don't know any, I know quite some, and in all that know, I think two or three stand out, and those are..

1. RLB - from Rollbit
2. FUN - from freebitco
3. BFG - from Betfury

Investing in casino tokens I would say comes with rather a high level of risk, why? Because to me, they arent well known, they don't seem to make waves like coins or tokens from other narratives, and the chances they may remain stagnated and the same price even during the bull run; is quite high.

So, I am brining this dicussion to the gambling community here, and I have just three questions to ask, and they are..

1. Amongst the three casino tokens I mentioned above, if you were to invest in one, which would it be?

2. Are there any new casino tokens you think will do well in this coming bull run? Please tell the community and briefly introduce the project to us..

3. Overall, how are you expecting casino tokens to perform generally, in this coming bull run.?

I can see that recently many casinos are trying to launch there own token so that users can always use the native token of the casino to earn more and play games on the casino. This is quite a frequent features we have been seeing on many of many of the casinos and we can always make money from casino tokens if we are early adopters. I know some few tokens that are owned by casinos which are good to hold for as long as we want. These casinos you have mentioned are great one just like the new casino I have used buying and holding their tokens. I think the HUGEWIN casino need to be among since it's a new casino with great native token.

danadc

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For me it is clear, things are not done for the sake of doing in this case, any currency that is doing things well, a currency that has quite a lot of expectations and that has been doing well for a long time, when the price of bitcoin starts to rise, it will go going up more and more , then those that are well organized, that is, if there is a project that is complying with everything, those coins can be candidates to go up 3x more because that was what happened in the era of ICOs in the In 2017, there are many chances that this could be like this, this is like a reward for good Management of things , if they do it well, then things will turn out excellent for projects with good direction. That's what I say can Happen.

YOSHIE

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Quote from: Fivestar4everMVP on April 11, 2024, 02:20:17 PM

1. Amongst the three casino tokens I mentioned above, if you were to invest in one, which would it be?

If you talk about investing in gambling sites, of course I will choose (RLB - from Rollbit), this has nothing to do with me as a Rollbit participant, but I have my own reasons for that.
1. I invested on the Rollbit site in 2022, at that time the RLB price was 0.0009, I sold at $0.09, even though now the RLB price has reached $0.12, that's not a regret for me, I did well at that time.
2. RLB does not only operate on one exchange, RLB can be traded on exchanges such as: Poloniex, Exmarkets, Uniswap and others, this makes me confident in choosing RLB to invest in Rollbit.
3. And other reasons.

Quote from: Fivestar4everMVP on April 11, 2024, 02:20:17 PM

2. Are there any new casino tokens you think will do well in this coming bull run? Please tell the community and briefly introduce the project to us..

There are, for example:
1. Topic: Investing in Casino tokens such as BFG, OWL or TFS
Notes:
I've never done it, additional information is important for you.

Quote from: Fivestar4everMVP on April 11, 2024, 02:20:17 PM

3. Overall, how are you expecting casino tokens to perform generally, in this coming bull run.?

Of course, it can be accepted in the crypto market by communities around the world and works like other types of crypto in general, not only focused on the world of gambling, hoping to be accepted in all digital sectors.

Hispo

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Quote from: Betwrong on April 22, 2024, 04:19:43 AM

Quote from: joniboini on April 17, 2024, 09:18:22 AM

Quote from: leonair on April 17, 2024, 09:05:55 AM

And they don't seem to care much about their tokens so even though there is some trading volume, the token price is not improving.

How is that possible though? A huge trading volume usually means the liquidity is good, so moving the price needs some effort. If the team explicitly abandons the token and brings no effort to market themselves whatsoever, wouldn't that usually result in a loss of trading volume? I'm not familiar with casino tokens, but most alts that I followed behave the same way. They probably need to improve their product or increase the token usage to improve the demand, or else it will continue to be stagnant or decrease significantly.

The difference between most tokens and casino tokens is that people usually associate a particular casino with them. If the casino is popular if its business is going well, then than it is likely that the token associated with it will go up too. For most people it's easier to evaluate how good or bad the things are with a casino than with some mysterious crypto project, the developers of which are telling you that everything's great, but you can't comprehend the sophisticated details.

That is one of the main differences between casino tokens and most of the alternative currencies which are issued and are circulating out there in the wild west this market is. Though, even though we could consider that characteristic to be an advantage those tokens have over the rest of alternative currencies, some people could also consider it to be a disadvantage in the long run, specially if those casinos are regulated and are expected to be launched in markets like in the United States, the European Union or other Western countries which are very regulated when comes to casinos and gambling. Because those tokens could be classified as unregistered securities, you know, since they are directly tied to the reputation and path of the business, unlike Bitcoin and other alternative coins whose price do not depend on the performance of an specific organization.
If a casino wished to launch in the USA and the EU they are unlikely to get approval if they wanted to keep their native gambling token going.

The price and destiny of the investors in the coin will depend then on what it is more important for the owners of the casino, their launch in other markets or their token.

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Quote from: Pandu Geddon on April 22, 2024, 04:37:35 AM

yes RLB has quite good price movements. but I'm also not sure about the market for casino coins. except those who provide benefits to token holders who also play at their casino. perhaps it could have a positive impact on the market of casino coins.

So far, only staking is the most popular feature of this casino tokens and buy back program to burn token. This a great feature for investors but the problem is the casino is not allocating huge percentage of profit on buy back that’s that’s why it almost useless due to the huge total supply of their tokens that being mine.

Quote

If I'm not mistaken, Moonbet is also a casino that has its coins. but so far there may not be any use of their coins related to their casino. I forget I visited that casino, but it seems like at that time their coins couldn't be bet even at their casino.

The last time I visit them, their own token can’t be use to bet in the casino which is ironic because they are the utility token of the casino. Cheesy

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Quote from: Betwrong on April 22, 2024, 04:19:43 AM

Quote from: joniboini on April 17, 2024, 09:18:22 AM

Quote from: leonair on April 17, 2024, 09:05:55 AM

And they don't seem to care much about their tokens so even though there is some trading volume, the token price is not improving.

How is that possible though? A huge trading volume usually means the liquidity is good, so moving the price needs some effort. If the team explicitly abandons the token and brings no effort to market themselves whatsoever, wouldn't that usually result in a loss of trading volume? I'm not familiar with casino tokens, but most alts that I followed behave the same way. They probably need to improve their product or increase the token usage to improve the demand, or else it will continue to be stagnant or decrease significantly.

The difference between most tokens and casino tokens is that people usually associate a particular casino with them. If the casino is popular if its business is going well, then than it is likely that the token associated with it will go up too. For most people it's easier to evaluate how good or bad the things are with a casino than with some mysterious crypto project, the developers of which are telling you that everything's great, but you can't comprehend the sophisticated details.

Investors associate the success of the casino to their token since that give them confidence that the casino can able to support their token. This is what people holding on in their investment but sadly on other casino which have casino tokens listed in the market. It didn't meet the expectation of people that's why those people experience the worst like they are bag holding those token for many months or it reached for years they didn't want to engage on any of these type of token anymore since they get afraid if same situation will happen to them knowing that this tokens will only be good at first but once they exist for many months the value and volume declines.

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Quote from: Zadicar on April 19, 2024, 09:24:42 AM

Quote from: Dunamisx on April 19, 2024, 02:04:45 AM

I will start by making this addition that if the casino is well reputed and maintain the constant evaluation efforts towards the success of the use of their coin, fulfil all terms and condition that can make them achieve a maximum target of investors using the same coin as part of their investment, then they should be able to achieve any expectations from this in seeing their coin performing along also in the bullrun.

Not that really much i would say but only one site i have seen that they are putting up too much focus on their own casino based token which is Rollbit which if you could really be able to compare the price
in between those coins with other casinos then this one did make out some good movement in comparing with others which you can actually say that this one would be having that chance.

yes RLB has quite good price movements. but I'm also not sure about the market for casino coins. except those who provide benefits to token holders who also play at their casino. perhaps it could have a positive impact on the market of casino coins.

If I'm not mistaken, Moonbet is also a casino that has its coins. but so far there may not be any use of their coins related to their casino. I forget I visited that casino, but it seems like at that time their coins couldn't be bet even at their casino.

Betwrong

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Quote from: joniboini on April 17, 2024, 09:18:22 AM

Quote from: leonair on April 17, 2024, 09:05:55 AM

And they don't seem to care much about their tokens so even though there is some trading volume, the token price is not improving.

How is that possible though? A huge trading volume usually means the liquidity is good, so moving the price needs some effort. If the team explicitly abandons the token and brings no effort to market themselves whatsoever, wouldn't that usually result in a loss of trading volume? I'm not familiar with casino tokens, but most alts that I followed behave the same way. They probably need to improve their product or increase the token usage to improve the demand, or else it will continue to be stagnant or decrease significantly.

The difference between most tokens and casino tokens is that people usually associate a particular casino with them. If the casino is popular if its business is going well, then than it is likely that the token associated with it will go up too. For most people it's easier to evaluate how good or bad the things are with a casino than with some mysterious crypto project, the developers of which are telling you that everything's great, but you can't comprehend the sophisticated details.

Zadicar

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Quote from: Dunamisx on April 19, 2024, 02:04:45 AM

I will start by making this addition that if the casino is well reputed and maintain the constant evaluation efforts towards the success of the use of their coin, fulfil all terms and condition that can make them achieve a maximum target of investors using the same coin as part of their investment, then they should be able to achieve any expectations from this in seeing their coin performing along also in the bullrun.

Not that really much i would say but only one site i have seen that they are putting up too much focus on their own casino based token which is Rollbit which if you could really be able to compare the price
in between those coins with other casinos then this one did make out some good movement in comparing with others which you can actually say that this one would be having that chance.

lienfaye

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Quote from: Fivestar4everMVP on April 11, 2024, 02:20:17 PM

1. Amongst the three casino tokens I mentioned above, if you were to invest in one, which would it be?

I have RLB token now that I got from their airdrop before.

Quote from: Fivestar4everMVP on April 11, 2024, 02:20:17 PM

2. Are there any new casino tokens you think will do well in this coming bull run? Please tell the community and briefly introduce the project to us..

I'm not certain with this as I am more focus on accumulating established coins as preparation for the incoming bull run. I only have RLB and so far it is doing well.

Quote from: Fivestar4everMVP on April 11, 2024, 02:20:17 PM

3. Overall, how are you expecting casino tokens to perform generally, in this coming bull run.?

In general, majority of coins are increasing during bull run therefore i'm expecting these tokens to follow the trend. It's better to only buy a casino tokens of a reputable casino so less risky that it might turn as scam.

sompitonov

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Quote from: spiker777 on April 19, 2024, 12:32:24 AM

Quote from: Fivestar4everMVP on April 11, 2024, 02:20:17 PM

Hi ladies and guys of the gambling board..

I believe by now, we all should already know that the bull run is fast approaching, and like it's often said, "Do not put all your eggs in one basket", I've invested in different coins from different narratives like Defi, Ai, Rwa, Gamefi and so on and on, but one narrative I've not put any money in Is gamblefi, or simply put, casino tokens, that is a token or coin owned by a casino, and this is not becuase I don't know any, I know quite some, and in all that know, I think two or three stand out, and those are..

1. RLB - from Rollbit
2. FUN - from freebitco
3. BFG - from Betfury

Investing in casino tokens I would say comes with rather a high level of risk, why? Because to me, they arent well known, they don't seem to make waves like coins or tokens from other narratives, and the chances they may remain stagnated and the same price even during the bull run; is quite high.

So, I am brining this dicussion to the gambling community here, and I have just three questions to ask, and they are..

1. Amongst the three casino tokens I mentioned above, if you were to invest in one, which would it be?

2. Are there any new casino tokens you think will do well in this coming bull run? Please tell the community and briefly introduce the project to us..

3. Overall, how are you expecting casino tokens to perform generally, in this coming bull run.?

1: Honestly I would invest in all of them a small portion of capital. but if I had to pick one then I would pick Rollbit. because I think that is a pretty big casino and have been there for quite a long time now..
2: I don't think so, Casino coins are not for bull run. but they have good utility which make them valuable.
2: Casino coins may not perform as well as other mainstream altcoins and tokens. that's my opinion.

Not bad remarks, but I find it difficult to name exactly the coin in which I would invest on a bull run, but I think no one doubts that they will grow, the main question is only by how much. I also think that most altcoins will overtake casino coins because they are simply more known and widespread. As for me, I would choose one coin from all crypto casinos, which gives the most discounts and bonuses, i.e. has utility and real usefulness for players. You can also look at indicators such as the market cap of a coin and compare it with others from the same sector to understand what the potential for growth is.

Dunamisx

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I will start by making this addition that if the casino is well reputed and maintain the constant evaluation efforts towards the success of the use of their coin, fulfil all terms and condition that can make them achieve a maximum target of investors using the same coin as part of their investment, then they should be able to achieve any expectations from this in seeing their coin performing along also in the bullrun.

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Quote from: bettercrypto on April 18, 2024, 09:13:45 PM

To tell you frankly, I don't really pay much attention to that. But I did research on that matter, and I saw that RLB really has potential, and in my opinion,
it can rise or keep up because it already has an established community in the crypto space.

Then his market cap is also not bad because his circulating supply is almost more than 50% of his total maximum supply, so this is a good point of review to say that he really has potential.

It has a potential because even though they aren't listed in major exchange yet but currently their volume is already over $2 million (24 hours)... So I agree with you, this could be one of the best investment for casino coin, and with this total supply, the current price could rise to x10 or $1 at least.

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Quote from: Fivestar4everMVP on April 11, 2024, 02:20:17 PM

Hi ladies and guys of the gambling board..

I believe by now, we all should already know that the bull run is fast approaching, and like it's often said, "Do not put all your eggs in one basket", I've invested in different coins from different narratives like Defi, Ai, Rwa, Gamefi and so on and on, but one narrative I've not put any money in Is gamblefi, or simply put, casino tokens, that is a token or coin owned by a casino, and this is not becuase I don't know any, I know quite some, and in all that know, I think two or three stand out, and those are..

1. RLB - from Rollbit
2. FUN - from freebitco
3. BFG - from Betfury

Investing in casino tokens I would say comes with rather a high level of risk, why? Because to me, they arent well known, they don't seem to make waves like coins or tokens from other narratives, and the chances they may remain stagnated and the same price even during the bull run; is quite high.

So, I am brining this dicussion to the gambling community here, and I have just three questions to ask, and they are..

1. Amongst the three casino tokens I mentioned above, if you were to invest in one, which would it be?

2. Are there any new casino tokens you think will do well in this coming bull run? Please tell the community and briefly introduce the project to us..

3. Overall, how are you expecting casino tokens to perform generally, in this coming bull run.?

1: Honestly I would invest in all of them a small portion of capital. but if I had to pick one then I would pick Rollbit. because I think that is a pretty big casino and have been there for quite a long time now..
2: I don't think so, Casino coins are not for bull run. but they have good utility which make them valuable.
2: Casino coins may not perform as well as other mainstream altcoins and tokens. that's my opinion.

Topic: What are your expectations for Casino coins in this coming bull run? - page 4. (Read 1609 times)