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[Unsoldier]

For those people looking for latest about about BFG here it is.

Betfury released a latest tweet about their monthly BFG burning.

See it on quoted message also on the link below.

｢ 69ᵗʰ｣ Monthly #BFG #Boost💎
➤ http://betfury.tv/BFG-Burning69

🌊Staking Pool Refill: #BTC Pool – 0.4465 BTC ($51.6K) from the AVAX sub-pool
What type of #Staking do you like?

Go here for more details https://x.com/betfury_gaming/status/1952293445378199645

Looking good and if more supply will continuously burned there's provably good effect will happen on it in future. More lesser supply more huge potential that BFG will experience good pump soon.

This is just another meaningless burn, as has already been discussed many times here. The burned amounts are way too small to matter. At this pace, it’ll take 10 years to see any real impact on total supply. Without bigger burns or real demand, it won’t move the price much.

[Zwei]

Looking good and if more supply will continuously burned there's provably good effect will happen on it in future. More lesser supply more huge potential that BFG will experience good pump soon.

but how far in the future are we talking? as i don't think they are burning enough BFG each month to lower the supply fast enough for that to happen.
i mean, the total BFG supply is 5 billion, the team has 1 billion tokens locked, ~3.2 billion is staked on the site, and the total amount burned in the last few years is only 1,685,412,279 (33.71% of the total supply), including the 438,541 BFG from this month.

so unless the team adds some new utility to increase the token demand, get a higher share of the market, or boost the burn rate by a lot, a good pump as you say is not gonna happen for a long time (i'm talking years).

[traderethereum]

Yeah, being aware of the risk is a must thing that we need to do. But many people lose control once they see their winning. They want to win more so make them continue instead of stopping gambling. It happens to many gamblers so being aware is what we need to have so we know when we must stop gambling.

We can't let ourselves make the same mistake over time. So being aware is really important and we must manage carefully. If we can reduce the big losses, that will be better instead we regret it.

Having awareness means you're a responsible gambler. It's really not easy to stop playing especially when we are winning. The adrenaline always kicks in urging us to gamble more.

Aside from minimizing losses, you can also be a profitable gambler if you have the discipline knowing when to quit when you win.

I have been there where I won more than $20 but I didn't listen to my friend's advice to stop immediately. The result just causes me losses because I want to win more which I can not get instead lose money.

That was a sad moment where I could win but not stop. I am losing responsibility for myself and am losing. The adrenaline pushes me to keep playing without thinking that I have had enough winning and urges me to gamble more.

Gamblers will have both bad and good experiences and only a wise gambler can survive in gambling. They will not eat something that they can't.

[slackovic]

but how far in the future are we talking? as i don't think they are burning enough BFG each month to lower the supply fast enough for that to happen.
i mean, the total BFG supply is 5 billion, the team has 1 billion tokens locked, ~3.2 billion is staked on the site, and the total amount burned in the last few years is only 1,685,412,279 (33.71% of the total supply), including the 438,541 BFG from this month.

so unless the team adds some new utility to increase the token demand, get a higher share of the market, or boost the burn rate by a lot, a good pump as you say is not gonna happen for a long time (i'm talking years).

If a token price is depending solely on burning a certain amount of tokens every month, then what's the point of having a token in the first place? I'm not saying that BFG is useless. Having said that, I just looked at the chart and I must say that the price id holding pretty good in comparison to other altcoins in the market. Also, more exchanges would surely bring more volume which would be definitely good for the price of the token.

[Taskford]

Looking good and if more supply will continuously burned there's provably good effect will happen on it in future. More lesser supply more huge potential that BFG will experience good pump soon.

but how far in the future are we talking? as i don't think they are burning enough BFG each month to lower the supply fast enough for that to happen.
i mean, the total BFG supply is 5 billion, the team has 1 billion tokens locked, ~3.2 billion is staked on the site, and the total amount burned in the last few years is only 1,685,412,279 (33.71% of the total supply), including the 438,541 BFG from this month.

so unless the team adds some new utility to increase the token demand, get a higher share of the market, or boost the burn rate by a lot, a good pump as you say is not gonna happen for a long time (i'm talking years).

Well somehow what we can do is to speculate. Although its not easy for those things to happen instantly but I guess their consistency would do something good for their token in future.

Although I understand that those things they currently done is not enough, but let see what are the other things they can do since for  sure that they are also thinking other things to help their token to have good demands.  

New utility is really good to have and for sure they are thinking about those things since they provably want BFG to succeed. So looking forward for more good updates from them.

[FortuneFollower]

but how far in the future are we talking? as i don't think they are burning enough BFG each month to lower the supply fast enough for that to happen.
i mean, the total BFG supply is 5 billion, the team has 1 billion tokens locked, ~3.2 billion is staked on the site, and the total amount burned in the last few years is only 1,685,412,279 (33.71% of the total supply), including the 438,541 BFG from this month.

so unless the team adds some new utility to increase the token demand, get a higher share of the market, or boost the burn rate by a lot, a good pump as you say is not gonna happen for a long time (i'm talking years).

If a token price is depending solely on burning a certain amount of tokens every month, then what's the point of having a token in the first place? I'm not saying that BFG is useless. Having said that, I just looked at the chart and I must say that the price id holding pretty good in comparison to other altcoins in the market. Also, more exchanges would surely bring more volume which would be definitely good for the price of the token.

If anything, the burn rate should be bigger, but why rush things out when it can be done methodically? 

Regarding other alts - to which tokens would BFG would be better compared to?

[slackovic]

If anything, the burn rate should be bigger, but why rush things out when it can be done methodically? 

Regarding other alts - to which tokens would BFG would be better compared to?

BFG Token could be compared to other utility tokens in gaming ecosystems, like FUN or WGR, due to their shared focus on gambling platforms. However, BFG’s staking rewards and deflationary mechanics give it a unique edge.

[vanesha]

If anything, the burn rate should be bigger, but why rush things out when it can be done methodically? 

Regarding other alts - to which tokens would BFG would be better compared to?

BFG Token could be compared to other utility tokens in gaming ecosystems, like FUN or WGR, due to their shared focus on gambling platforms. However, BFG’s staking rewards and deflationary mechanics give it a unique edge.

The interest offered in staking is quite high, just staking for 30 days will get 100% interest, but I don't really understand the mechanism of how to get 100% interest, do we have to make bets every day and reach the wager according to how much we stake?

[BetFury.com]

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[Zwei]

If a token price is depending solely on burning a certain amount of tokens every month, then what's the point of having a token in the first place? I'm not saying that BFG is useless.

it's because BFG has absolutely no use outside the betfury website, you can either stake it and get ~30% APY, or gamble with it only on betfury. that's why they have to artificially reduce the supply to increase the price or at least stop it from adding another 0 by burning a % of the supply.

Having said that, I just looked at the chart and I must say that the price id holding pretty good in comparison to other altcoins in the market. Also, more exchanges would surely bring more volume which would be definitely good for the price of the token.

but BFG isn't an altcoin, and it will never be. it's a platform token.
and like i said before on one of my other posts about this, trying to list the token on more exchanges won't do anything, it would just be a waste of listing money, as most of the token supply is on betfury (+3B stacked).
what would actually help is spending more on marketing to bring in new users who would start using the token, which would increase demand and in turn increase the price.

The interest offered in staking is quite high, just staking for 30 days will get 100% interest, but I don't really understand the mechanism of how to get 100% interest, do we have to make bets every day and reach the wager according to how much we stake?

where did you get the 100% interest in 30 days number from? because for BFG staking this is the current APY:



18% for BFG and 36% for stBFG, and APY by the way stand for "annual percentage yield". even for crypto stacking the max APY they offer is 60%, and you need to wager 6x the principle amount each month to get paid.

[beveryu778]

If anything, the burn rate should be bigger, but why rush things out when it can be done methodically? 

Regarding other alts - to which tokens would BFG would be better compared to?

BFG Token could be compared to other utility tokens in gaming ecosystems, like FUN or WGR, due to their shared focus on gambling platforms. However, BFG’s staking rewards and deflationary mechanics give it a unique edge.

The interest offered in staking is quite high, just staking for 30 days will get 100% interest, but I don't really understand the mechanism of how to get 100% interest, do we have to make bets every day and reach the wager according to how much we stake?

This is APY staking bonus. and here is available 18% for BFG token. you can earn only by staking BFG. playing game is not mandatory for this. but 18% APY means you will get 1.5% for 30 days staking. this is not bad yet but remember this is a volatile coin so you have to think about volatility also. do always think twice for such decision. good luck

[Miles2006]

If anything, the burn rate should be bigger, but why rush things out when it can be done methodically? 

Regarding other alts - to which tokens would BFG would be better compared to?

BFG Token could be compared to other utility tokens in gaming ecosystems, like FUN or WGR, due to their shared focus on gambling platforms. However, BFG’s staking rewards and deflationary mechanics give it a unique edge.

The interest offered in staking is quite high, just staking for 30 days will get 100% interest, but I don't really understand the mechanism of how to get 100% interest, do we have to make bets every day and reach the wager according to how much we stake?

This is APY staking bonus. and here is available 18% for BFG token. you can earn only by staking BFG. playing game is not mandatory for this. but 18% APY means you will get 1.5% for 30 days staking. this is not bad yet but remember this is a volatile coin so you have to think about volatility also. do always think twice for such decision. good luck

I’m yet to study the percentage rate per stake but this is kind of an investment, where you stake using the BFG token then it yield more coin if I’m not mistaking. Although this is another fast method to grow the token if only risking is worth it, the interest rate is quite enticing for anyone to stake using the token just hope it doesn’t act like other tokens.

[Dicbac]

but how far in the future are we talking? as i don't think they are burning enough BFG each month to lower the supply fast enough for that to happen.
i mean, the total BFG supply is 5 billion, the team has 1 billion tokens locked, ~3.2 billion is staked on the site, and the total amount burned in the last few years is only 1,685,412,279 (33.71% of the total supply), including the 438,541 BFG from this month.

so unless the team adds some new utility to increase the token demand, get a higher share of the market, or boost the burn rate by a lot, a good pump as you say is not gonna happen for a long time (i'm talking years).

If a token price is depending solely on burning a certain amount of tokens every month, then what's the point of having a token in the first place? I'm not saying that BFG is useless. Having said that, I just looked at the chart and I must say that the price id holding pretty good in comparison to other altcoins in the market. Also, more exchanges would surely bring more volume which would be definitely good for the price of the token.

Ok, you arent saying bfg is useless, so i will examine this and give it my 2 cents.

Let me see, what drives price in currency, that actually matters? Utility.

Let me have a look at bfg's utility.

Ah ok, i see.

It is useless.

[traderethereum]

I’m yet to study the percentage rate per stake but this is kind of an investment, where you stake using the BFG token then it yield more coin if I’m not mistaking. Although this is another fast method to grow the token if only risking is worth it, the interest rate is quite enticing for anyone to stake using the token just hope it doesn’t act like other tokens.

Yes, that is an investment like the others. You can invest in the BFG token and increase the amount. Something called investment will have risk so you need to understand how to manage the risk.
I see many investors in Betfury and they invest a large amount of BFG. You can see it on the Crypto & Earn page, how much money they have invested. So it is interesting if we can use this and benefit.

[TopTort777]

Before you invest because you are encouraged with high APY, check BFG token price chart. If you are ok with the amount of % you will receive from freezing money in that token and platform, that ok. If you expect BFG price to grow then I would disappoint you, as BFG price shows stability Seems that BetFury are not planning to make any changes and will continue to burn and distribute BFG every day for playing in casino, so dont expect much.

[Synchronice]

I think slots and craps strategies are just luck the strategy you can apply to slots is to try not to lose too much money and know when you might get lucky to raise the bet a little, because when you win on slots, the bet multiplies to a significant amount.

Crap, for me, is almost addictive, but you still have to manage your money very well, otherwise you'll waste it, and if you use a trick, you'll lose it faster than you can. It's happened to me.

If every gambler knew exactly when they would get lucky, all gambling platforms would have gone bankrupt long ago. In reality, the opposite is true: regular gamblers often go broke trying to find that one winning strategy, while gambling platforms continue to grow richer.

Obviously this is self explanatory whereby trying to outsmart gambling platforms is totally impossible, although some games might be familiar knowing what to do for example the poker games, slot etc. The best understanding is there’s no better strategy winning totally but, what best way to start the season other than going all in.

It's wrong to think about outsmarting casino because there is nothing to outsmart. The house edge, RTP, there is a whole math behind casino games. When the casino says that return to player is 98%, this means that casino makes 2% guaranteed profit. You can't outsmart this, there is no way on earth to change that unless you hack the slot and modify its RTP.

By the way, my strategy has been following but keep in mind that I play them for fun and I do not really expect to get my money back: I made hundreds of bets with the lowest $ bet, then I study the pattern of the slot and then I play with high $ bets after multiple loses. Sometimes it works, sometimes it doesn't but it gives me some fun. I feel like a lion hunting deer.

[gunhell16]

For those people looking for latest about about BFG here it is.

Betfury released a latest tweet about their monthly BFG burning.

See it on quoted message also on the link below.

｢ 69ᵗʰ｣ Monthly #BFG #Boost💎
➤ http://betfury.tv/BFG-Burning69

🌊Staking Pool Refill: #BTC Pool – 0.4465 BTC ($51.6K) from the AVAX sub-pool
What type of #Staking do you like?

Go here for more details https://x.com/betfury_gaming/status/1952293445378199645

Looking good and if more supply will continuously burned there's provably good effect will happen on it in future. More lesser supply more huge potential that BFG will experience good pump soon.

This is just another meaningless burn, as has already been discussed many times here. The burned amounts are way too small to matter. At this pace, it’ll take 10 years to see any real impact on total supply. Without bigger burns or real demand, it won’t move the price much.

I agree with what you said dude, that's not really enough, we can hardly feel for sure if its price value will really increase in the future. Not that I don't like BFG, of course not, but I hope BFG has a unique reason for its value to increase in the market.

It's like, it's hard to express, maybe what I hope is that BFG will further improve the good plan they have for the future
so that those who have its holdings will have even greater faith in it.

[dwyane36]

Before you invest because you are encouraged with high APY, check BFG token price chart. If you are ok with the amount of % you will receive from freezing money in that token and platform, that ok. If you expect BFG price to grow then I would disappoint you, as BFG price shows stability Seems that BetFury are not planning to make any changes and will continue to burn and distribute BFG every day for playing in casino, so dont expect much.

Well, I think that users who have been receiving passive income for staking on the Betfury website for a long time are more than satisfied with the stable BFG token rate.
And yes, I agree that the Betfury team is unlikely to make any changes. However, this may be for the best.

[leonair]

If anything, the burn rate should be bigger, but why rush things out when it can be done methodically? 

Regarding other alts - to which tokens would BFG would be better compared to?

BFG Token could be compared to other utility tokens in gaming ecosystems, like FUN or WGR, due to their shared focus on gambling platforms. However, BFG’s staking rewards and deflationary mechanics give it a unique edge.

The interest offered in staking is quite high, just staking for 30 days will get 100% interest, but I don't really understand the mechanism of how to get 100% interest, do we have to make bets every day and reach the wager according to how much we stake?

This is APY staking bonus. and here is available 18% for BFG token. you can earn only by staking BFG. playing game is not mandatory for this. but 18% APY means you will get 1.5% for 30 days staking. this is not bad yet but remember this is a volatile coin so you have to think about volatility also. do always think twice for such decision. good luck

If this is the case, then such a percentage is very low for such a volatile coin. Because the price of this coin can go down at any time and the amount of loss will be more than the amount of interest that can be received. So I am not interested in such staking. Even if the price of BFG does not move much, since it is not a stablecoin, the risk here will be very high. I think it is much better to gamble with that coin where you may lose or if you are lucky, you may win a big one.

[bettercrypto]

Before you invest because you are encouraged with high APY, check BFG token price chart. If you are ok with the amount of % you will receive from freezing money in that token and platform, that ok. If you expect BFG price to grow then I would disappoint you, as BFG price shows stability Seems that BetFury are not planning to make any changes and will continue to burn and distribute BFG every day for playing in casino, so dont expect much.

Well, I think that users who have been receiving passive income for staking on the Betfury website for a long time are more than satisfied with the stable BFG token rate.
And yes, I agree that the Betfury team is unlikely to make any changes. However, this may be for the best.

If they put in a large amount in Betfury, they likely have a nice ROI earnings in the near future. It's like I also put a stake on their website, it's been about 3 months
and I haven't checked it yet. I think it was only worth $50 from what I can remember.

Tomorrow I'll check and see, because right now I'm only using a mobile phone device and I'm not at my home. Now, if I see that the rewards from staking have good results,
I might add more funds that I've put into the BFG website again."