Investing in Casino tokens such as BFG, OWL or TFS

[Awaklara]

I agree that Bitcoin is a good choice if you're going to invest in crypto because it's less risky. However, i'm not against on diversifying your portfolio if you find a coin that has potential and possibly worth it to invest in. We know there's also a hidden gem in alts, it's not easy to find one thus we need to dig more deeper. When it comes to casino tokens, I think the success depends on the casino itself on how they market their very own token and the benefits of using it by the gamblers on their platform. Because if you're a player of a specific casino, you'll get attracted to hold their tokens if they have lots of benefits offered for hodlers aside from the price that might soar high if the market turns bullish again. But of course this also depends on how established the casino to gain the gambler's trust to buy and hold their token.

I'm not sure the casino token has a good function. maybe if there is a program related to casino token holders who will get a free bet every week or can take part in events held by the casino, that would be even better.
Casino tokens are not like tokens from exchanges. the popularity of the casino will not affect the price of their tokens.
for example, Moonbet casino tie token. what exactly do token holders get?
maybe some casinos make the value of their tokens for the holders. and that would be great. but for the long term, I don't think the tokens from the casino are suitable for investment.

[ethereumhunter]

All holder will post everywhere they can if the token die out... It means same that the casino die out.
As for me - there are no difference between the casino token or the common token. We see the same strategies and the same manipulating. The market tells the truth and it says that no one interests this token.

Only time can tell whether the token will die and lose its popularity or whether it can survive in every condition. But with the many casinos that have been launched at this time, it proves that casino tokens might be able to survive and casinos tokens can provide additional benefits for investors. And if the casino tokens don't seem to be going up, market conditions haven't improved either and it still takes time to increase. So if the altcoin season starts coming, we will see the answer later.

[Fredomago]

All holder will post everywhere they can if the token die out... It means same that the casino die out.
As for me - there are no difference between the casino token or the common token. We see the same strategies and the same manipulating. The market tells the truth and it says that no one interests this token.

Only time can tell whether the token will die and lose its popularity or whether it can survive in every condition. But with the many casinos that have been launched at this time, it proves that casino tokens might be able to survive and casinos tokens can provide additional benefits for investors. And if the casino tokens don't seem to be going up, market conditions haven't improved either and it still takes time to increase. So if the altcoin season starts coming, we will see the answer later.

Reading between the lines, the future of this type of investment will depend on how the casino owners will take responsibilities being more competitive knowing that there are many new casinos that exist. If they manage to survive, even the market is bearish, the chance that when the bull start to pump back the value of their project will also increase, not much but the chance that it can provide decent profits for stakers and holders is still possible.

Investors take, the decision making depends on how the person believes in the stability of business and how the team is working behind the project.

[Taskford]

All holder will post everywhere they can if the token die out... It means same that the casino die out.
As for me - there are no difference between the casino token or the common token. We see the same strategies and the same manipulating. The market tells the truth and it says that no one interests this token.

Only time can tell whether the token will die and lose its popularity or whether it can survive in every condition. But with the many casinos that have been launched at this time, it proves that casino tokens might be able to survive and casinos tokens can provide additional benefits for investors. And if the casino tokens don't seem to be going up, market conditions haven't improved either and it still takes time to increase. So if the altcoin season starts coming, we will see the answer later.

No matter what condition of the market occur and if the casino will not take any action to convince people to invest with their token there's nothing gonna happen with it. But if they do aggressive marketing plus create more utility or usage unto it then most provably there's great things will happen in future. We need to understand that it will all based on demand so its really up to the casino performance on how they can influence more investor to put some money and believe on their tokens also on its potential.

[Slow death]

When we see what happened with FTT and Luna, we know that there is risk in every altcoin investment and no investment in 100% safe.
So we have two options with us, either stop investing in crypto (which is not wise) or do investment in coins that have some better use case as compared to others.

If at any time any platform like Owl games or betfury stops its operations, their coins may lose value and dump hard but we can still divide our investment in both of these coins and hope anything bad does not happen. Also since our investment will be in multiple coins, if there is a scam in any one coin, the rest of the coins will still give us a good profit in the next bull season.

All cryptos have a risk including btc but ftt and luna are simply just a scam because their developers are greedy. They are the ones that we must avoid by the time we did our research although there are times that we can trust a coin because they have clean records and everything is fine on them according to our criteria.

Well, we should only monitor them actively and always watch their news and movements. When you notice that there is something wrong on how they move. I think that is a red flag already. You know what to do next. We can stop investing in crypto and choose other investment assets that we think are much safer or stable than them. There are lots of options though.

Throughout this crypto path we must understand something, the only thing that is good is Bitcoin, there is no other safe currency, because I do not trust ETH because ETH played the game that Vitalk Buterin made was very ugly, and I think everything it is based on the power of decision to what he wants, this is something that I do not share at all because everything in crypto should be free and without any type of control, otherwise nothing would make sense, in the case of tokens only I look at the circulation and the amount of tokens there are, if I see that there are too many tokens, it is very difficult for them to increase in price, but based on the fact that they are inside a casino, things can be different, with the exception that a casino is much more serious and there may be more guarantees.

I agree with the part of bitcoin being the best currency, about ETH, we have to take into account that anyone is free to create their altcoin and when that person creates their altcoin they have the right to decide what they want with their altcoin , and when someone wants to buy that altcoin then the person must be aware that he is buying an altcoin that has an owner and that owner can decide everything and at any time and day. about casino token, honestly I would say that it is something very limited, because let's analyze the following: a casino accepts bitcoin and litecoin as a payment method, right? so why does this same casino need to create its token? what is the meaning of that? what purpose does this token serve? the only thing i see when a casino creates its token is only for the owner to make money with that token, because i don't see a future for that token

All holder will post everywhere they can if the token die out... It means same that the casino die out.
As for me - there are no difference between the casino token or the common token. We see the same strategies and the same manipulating. The market tells the truth and it says that no one interests this token.

Only time can tell whether the token will die and lose its popularity or whether it can survive in every condition. But with the many casinos that have been launched at this time, it proves that casino tokens might be able to survive and casinos tokens can provide additional benefits for investors. And if the casino tokens don't seem to be going up, market conditions haven't improved either and it still takes time to increase. So if the altcoin season starts coming, we will see the answer later.

No matter what condition of the market occur and if the casino will not take any action to convince people to invest with their token there's nothing gonna happen with it. But if they do aggressive marketing plus create more utility or usage unto it then most provably there's great things will happen in future. We need to understand that it will all based on demand so its really up to the casino performance on how they can influence more investor to put some money and believe on their tokens also on its potential.

and I ask myself: what use will the casino create for this token if the casino can accept bitcoin and other altcoins as a payment method in the casino? what would this token of them serve? I see no reason for these casino owners to be creating altcoins, it's pointless

[ethereumhunter]

All holder will post everywhere they can if the token die out... It means same that the casino die out.
As for me - there are no difference between the casino token or the common token. We see the same strategies and the same manipulating. The market tells the truth and it says that no one interests this token.

Only time can tell whether the token will die and lose its popularity or whether it can survive in every condition. But with the many casinos that have been launched at this time, it proves that casino tokens might be able to survive and casinos tokens can provide additional benefits for investors. And if the casino tokens don't seem to be going up, market conditions haven't improved either and it still takes time to increase. So if the altcoin season starts coming, we will see the answer later.

Reading between the lines, the future of this type of investment will depend on how the casino owners will take responsibilities being more competitive knowing that there are many new casinos that exist. If they manage to survive, even the market is bearish, the chance that when the bull start to pump back the value of their project will also increase, not much but the chance that it can provide decent profits for stakers and holders is still possible.

Investors take, the decision making depends on how the person believes in the stability of business and how the team is working behind the project.

Casino owners who are serious about growing their businesses will find ways to get good growth. They will be generous in promoting their casino tokens because they know that only good promotions can grow their business. The value of the casino token will also be increased and they will give more to the investors so that they can see that their project has the potential to be big in the future. And if investors already believe this, slowly, the project can be accepted by more people, which means there will be a significant increase in the casino token.

All holder will post everywhere they can if the token die out... It means same that the casino die out.
As for me - there are no difference between the casino token or the common token. We see the same strategies and the same manipulating. The market tells the truth and it says that no one interests this token.

Only time can tell whether the token will die and lose its popularity or whether it can survive in every condition. But with the many casinos that have been launched at this time, it proves that casino tokens might be able to survive and casinos tokens can provide additional benefits for investors. And if the casino tokens don't seem to be going up, market conditions haven't improved either and it still takes time to increase. So if the altcoin season starts coming, we will see the answer later.

No matter what condition of the market occur and if the casino will not take any action to convince people to invest with their token there's nothing gonna happen with it. But if they do aggressive marketing plus create more utility or usage unto it then most provably there's great things will happen in future. We need to understand that it will all based on demand so its really up to the casino performance on how they can influence more investor to put some money and believe on their tokens also on its potential.

Casinos will try to calm their investors if the market conditions are not good and tell them that the project is still going according to plan and is not affected by market conditions. Casinos need to convince investors that they will not panic and abandon their projects but will instead provide support to their projects. This can happen only if the casino can update its projects' conditions and communicate actively with investors. This will also bring the casino closer to the investors so that there will be an emotional connection between them.

[mak013]

All holder will post everywhere they can if the token die out... It means same that the casino die out.
As for me - there are no difference between the casino token or the common token. We see the same strategies and the same manipulating. The market tells the truth and it says that no one interests this token.

Only time can tell whether the token will die and lose its popularity or whether it can survive in every condition. But with the many casinos that have been launched at this time, it proves that casino tokens might be able to survive and casinos tokens can provide additional benefits for investors. And if the casino tokens don't seem to be going up, market conditions haven't improved either and it still takes time to increase. So if the altcoin season starts coming, we will see the answer later.

I`m sure, that it is possible, but even if we don`t look at the price, today we get a problem with buy/sell tokens.
As i said, i was in such kind of the project several years before. It was not casino, but it had an idea, whitepaper, physical realization, bonus program for the holders. I still see these tokens on the market, some promo from the devs. But it costs nothing and don`t interesting for anybody. So it is a possible situation for any token.

[Fredomago]

All holder will post everywhere they can if the token die out... It means same that the casino die out.
As for me - there are no difference between the casino token or the common token. We see the same strategies and the same manipulating. The market tells the truth and it says that no one interests this token.

Only time can tell whether the token will die and lose its popularity or whether it can survive in every condition. But with the many casinos that have been launched at this time, it proves that casino tokens might be able to survive and casinos tokens can provide additional benefits for investors. And if the casino tokens don't seem to be going up, market conditions haven't improved either and it still takes time to increase. So if the altcoin season starts coming, we will see the answer later.

I`m sure, that it is possible, but even if we don`t look at the price, today we get a problem with buy/sell tokens.
As i said, i was in such kind of the project several years before. It was not casino, but it had an idea, whitepaper, physical realization, bonus program for the holders. I still see these tokens on the market, some promo from the devs. But it costs nothing and don`t interesting for anybody. So it is a possible situation for any token.

I get your point and it's really possible to happen, there are a still lot of coins who offers good compensations at the start and continue to stay with the same process, the only thing is, the buy and sell orders that bring down the value are no longer helping the project to bounce back. All still be on how you entrust your instinct in finding and sorting projects that you will invest your money.

Good research and continue to follow those projects, not just the gambling related coins but also with all the potential assets around the crypto market.