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[dwyane36]

The coin also doesn't devalue a lot like other coins do. Btw it's bad that they aren't listed on any exchange and there isn't much to do with this coin.

The only reason why BFG doesn't devalue as much as other altcoins during a bearish trend is because most part of the supply is concentrated and possibly locked on the Betfury site. However, if a large holder suddenly decided to sell all their tokens, the BFG price would most likely collapse because there is clearly not enough liquidity on the DEXs.

[hd49728]

The coin also doesn't devalue a lot like other coins do. Btw it's bad that they aren't listed on any exchange and there isn't much to do with this coin.

It is about one third from its all time high in early 2022, so that's not good but not bad at all. Many new altcoin projects launched in the last two years, in this market cycle, quickly dumped on big exchanges like Binance and it's normal to see their token prices divided by 5 or 10 times from listing prices. That's only fact about this market cycle and BFG token likely does not satisfy all people but at least it is not the worst token compares to thousands of altcoins launched recent years.

The only reason why BFG doesn't devalue as much as other altcoins during a bearish trend is because most part of the supply is concentrated and possibly locked on the Betfury site. However, if a large holder suddenly decided to sell all their tokens, the BFG price would most likely collapse because there is clearly not enough liquidity on the DEXs.

Not sure about token listing plan on centralized exchanges of BetFury team in the future. The market cycle is going to ending months so I think it is not good time for spending money and listing on top Centralized Exchanges but in a next market cycle and next bull market, why not?

[gunhell16]

The coin also doesn't devalue a lot like other coins do. Btw it's bad that they aren't listed on any exchange and there isn't much to do with this coin.

The only reason why BFG doesn't devalue as much as other altcoins during a bearish trend is because most part of the supply is concentrated and possibly locked on the Betfury site. However, if a large holder suddenly decided to sell all their tokens, the BFG price would most likely collapse because there is clearly not enough liquidity on the DEXs.

In short, it's still good what they did by implementing a lock-in period for those staking BFG directly on their website. This is also one of the factors that helps keep BFG stable and standing.
In my opinion, this is actually a common strategy used by other altcoins as well to ensure longevity in the crypto industry.

That’s why one of the things I currently like about the BFG site is that they offer a feature providing 60% APY although there’s a required wager, you can still avail of this 60% as long as
you lock your funds in their platform for 1 year. So, this is likely one of the reasons why BFG remains stable, even if it seems stagnant at the moment.

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[Zwei]

That’s why one of the things I currently like about the BFG site is that they offer a feature providing 60% APY although there’s a required wager, you can still avail of this 60% as long as
you lock your funds in their platform for 1 year. So, this is likely one of the reasons why BFG remains stable, even if it seems stagnant at the moment.

nope, i would say less than 1% of people staking any crypto on betfury are going with the 60% APY plan.
go check the terms and what you have to do to get that 60% APY and come back to tell me if you still think it's good... spoiler alert, it's shit.

https://docs.betfury.com/betfury/crypto-staking/terms-of-services#id-2.3-fixed-term-staking-with-wager

if your goal was to profit, you won't, and if my math is correct, you will on average end up losing money.

[Rruchi man]

In every prohibition of things like this, people will try to circumvent it, especially when it comes from a government I left my country because I never agreed with the government, I never got anything they asked for, like ID cards, among other things. If a government prohibits something people like, nobody will pay attention; they'll find a way to get it, breaking every law imaginable, I don't blame them because I have fun however I want, and the government doesn't give me money, so they don't have to tell me what I should and shouldn't spend it on.

Living in a country can't be as free as we want, because there will always be rules we have to follow. Every restriction from government has a reason behind it. So if someone feels uncomfortable or doesn't agree with them, moving to a country where Gambling are legal might be the best choice so they can live what they want.

If you don't have the leisure of easily relocating to another country because of the gambling laws, you need to be cautious about options like circumventing the laws of your country concerning gambling because the punishments in some countries can be really severe. Before you even consider breaking any gambling law, consider the consequences, and if they are very severe, it is not worth it; you can just find another activity that you can have fun with.

[danadc]

If you don't have the leisure of easily relocating to another country because of the gambling laws, you need to be cautious about options like circumventing the laws of your country concerning gambling because the punishments in some countries can be really severe. Before you even consider breaking any gambling law, consider the consequences, and if they are very severe, it is not worth it; you can just find another activity that you can have fun with.

It's not so easy to move from one country to another When we go to a country, we have to get used to its customs and laws Sometimes we have to put up with those inconveniences, but I say that if there's no freedom in gambling and that's the only thing holding me back, then you can live well with that, There must be some places where it's legal, even if they're physical casinos. I understand that the laws of each country must be obeyed, but it's prehistoric for a country to prohibit gambling.

[traderethereum]

If you don't have the leisure of easily relocating to another country because of the gambling laws, you need to be cautious about options like circumventing the laws of your country concerning gambling because the punishments in some countries can be really severe. Before you even consider breaking any gambling law, consider the consequences, and if they are very severe, it is not worth it; you can just find another activity that you can have fun with.

It's not so easy to move from one country to another When we go to a country, we have to get used to its customs and laws Sometimes we have to put up with those inconveniences, but I say that if there's no freedom in gambling and that's the only thing holding me back, then you can live well with that, There must be some places where it's legal, even if they're physical casinos. I understand that the laws of each country must be obeyed, but it's prehistoric for a country to prohibit gambling.

If we can't gamble because it is prohibits, we don't have to try because the risks will be there. We can use our time doing other things that more safer than gambling. We can't moves to other countries to playing gambling because that is not worth it. Playing gambling or not, that is a choice and if the law prohibit us for playing gambling, we don't have to gamble. We can live well without gambling so we can enjoy it by doing many positive things.

[AHOYBRAUSE]

That’s why one of the things I currently like about the BFG site is that they offer a feature providing 60% APY although there’s a required wager, you can still avail of this 60% as long as
you lock your funds in their platform for 1 year. So, this is likely one of the reasons why BFG remains stable, even if it seems stagnant at the moment.

nope, i would say less than 1% of people staking any crypto on betfury are going with the 60% APY plan.
go check the terms and what you have to do to get that 60% APY and come back to tell me if you still think it's good... spoiler alert, it's shit.

https://docs.betfury.com/betfury/crypto-staking/terms-of-services#id-2.3-fixed-term-staking-with-wager

if your goal was to profit, you won't, and if my math is correct, you will on average end up losing money.

Finally someone that sees this for what it is, a sketchy deal. They advertise those 60% like it's so easy to get but reading through the actual rules tells a different story. Also, I would never stake coins on a site like betfury. I rather take much less % but at least have it safe so to speak. Casinos can always restrict your account for whatever reason, even if they have to make up some just not to pay. Places like this are not for investments, they are just for entertainment.

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[examplens]

nope, i would say less than 1% of people staking any crypto on betfury are going with the 60% APY plan.
go check the terms and what you have to do to get that 60% APY and come back to tell me if you still think it's good... spoiler alert, it's shit.

I think it's like that with any staking. I followed it for a while, and even invested in similar options, but in the end I very rarely remained even positive. Inflation was always higher than real profit.
Yes, you get an increased amount in the token, but also its value has dropped by the same amount or more. Staking and locking coins for a long period is a benefit only for the owner and reduces the risk of dumping.

[Ojima-ojo]

nope, i would say less than 1% of people staking any crypto on betfury are going with the 60% APY plan.
go check the terms and what you have to do to get that 60% APY and come back to tell me if you still think it's good... spoiler alert, it's shit.

I think it's like that with any staking. I followed it for a while, and even invested in similar options, but in the end I very rarely remained even positive. Inflation was always higher than real profit.
Yes, you get an increased amount in the token, but also its value has dropped by the same amount or more. Staking and locking coins for a long period is a benefit only for the owner and reduces the risk of dumping.

60% APY is technically good in the ear but the terms that comes along with it will be the major set back for investors who want to take the bankroll investment seriously, and couple with the low value of those staked coins, example like those staking and getting rewarded with betfury tokens have the challenges of the low value of the token and how it have become almost impossible for the price to recover for whatever reason.

Most casinos tokens are like that, and this frustrates investors who get rewarded with those worthless tokens that are casino native tokens.

[examplens]

60% APY is technically good in the ear but the terms that comes along with it will be the major set back for investors who want to take the bankroll investment seriously,

60% APY is unrealistic in any industry, unless you are dealing with illegal business. I think every serious investor is aware of that.

I have always imagined that tokens like BFG should have value and a role as if they were on the stock market. Well, if you invest and buy 25% of the total amount of tokens, you can be considered a co-owner of 25% of the company's share. Then it would have a completely different value and weight.

[Zwei]

...

Finally someone that sees this for what it is, a sketchy deal. They advertise those 60% like it's so easy to get but reading through the actual rules tells a different story. Also, I would never stake coins on a site like betfury. I rather take much less % but at least have it safe so to speak. Casinos can always restrict your account for whatever reason, even if they have to make up some just not to pay. Places like this are not for investments, they are just for entertainment.

honestly, i would not stake my coins on any site. remeber how things ended with terraUSD and celsius? it's just too risky. and most "legit" places today will have your coins locked for a set amount of time, and if you ever need the coins for an emergency or something, good luck getting your money before the term ends.
if you are lucky, you will only have to forfeit your profit and pay a small penalty %, otherwise, you are out of luck.

but to be kinda fair to betfury, they did have a good staking plan at 27% APY with no sketchy terms other than locking your coins for 1 year, but they removed it a few months ago probably because it was bleeding them money (and we are talking about a casino here, they make a shit amount of money and still could not afford it).

60% APY is technically good in the ear but the terms that comes along with it will be the major set back for investors who want to take the bankroll investment seriously,

60% APY is unrealistic in any industry, unless you are dealing with illegal business. I think every serious investor is aware of that.

60% APY are rookie numbers if we are talking about doing something illegal.

[liuka]

Most casinos tokens are like that, and this frustrates investors who get rewarded with those worthless tokens that are casino native tokens.

I rarely see casino-type tokens able to compete with L1 or L2 tokens. Casino tokens don't receive much attention from large investors because they're reluctant to take risks with casino-type tokens, which carry greater risks.

After nearly four years of listing on the exchange, BFG has failed to break into the top 100 as a large-cap token. Therefore, developers must truly focus on development to generate investor interest. Staking, or burns, have been implemented by the Betfury team, but these have not yet resulted in a significant price increase for BFG. I believe that if the developers are able to list BFG on a larger exchange, it will certainly generate even more hype for BFG. Otherwise, the price will continue to decline.

[AbuBhakar]

The coin also doesn't devalue a lot like other coins do. Btw it's bad that they aren't listed on any exchange and there isn't much to do with this coin.

The only reason why BFG doesn't devalue as much as other altcoins during a bearish trend is because most part of the supply is concentrated and possibly locked on the Betfury site. However, if a large holder suddenly decided to sell all their tokens, the BFG price would most likely collapse because there is clearly not enough liquidity on the DEXs.

This the worst case scenario that can happened on the price of the BFG but I doubt big holder will choose to destroy their own token value instead of just collecting passive profit through staking while still holding their BFG tokens.

The price is stable while the APY for staking is very decent. Slowly unloading those profit from staking is a better approach to get profit instead of dumping all holdings at once which is currently working for them.

[serjent05]

The coin also doesn't devalue a lot like other coins do. Btw it's bad that they aren't listed on any exchange and there isn't much to do with this coin.

The only reason why BFG doesn't devalue as much as other altcoins during a bearish trend is because most part of the supply is concentrated and possibly locked on the Betfury site. However, if a large holder suddenly decided to sell all their tokens, the BFG price would most likely collapse because there is clearly not enough liquidity on the DEXs.

This the worst case scenario that can happened on the price of the BFG but I doubt big holder will choose to destroy their own token value instead of just collecting passive profit through staking while still holding their BFG tokens.

Obviously, they won't; they will patiently wait for the right time to sell them at the maximum possible value.  Only a previous supporter turns hater will dump their holdings indiscriminately.

The price is stable while the APY for staking is very decent. Slowly unloading those profit from staking is a better approach to get profit instead of dumping all holdings at once which is currently working for them.

True wise investors will always go for highest possible price average, they won't care how long, but what they care about is how much.  So they will definitely slowly unload their token in the market.

After nearly four years of listing on the exchange, BFG has failed to break into the top 100 as a large-cap token. Therefore, developers must truly focus on development to generate investor interest. Staking, or burns, have been implemented by the Betfury team, but these have not yet resulted in a significant price increase for BFG. I believe that if the developers are able to list BFG on a larger exchange, it will certainly generate even more hype for BFG. Otherwise, the price will continue to decline.

I highly agree, developer must make a bolder move of creating use case for the casino token.  I know it is somehow hard and oftentimes expensive, but if successful, this will pull tons of investors and will greatly boost the BFG market.

[Taskford]

The coin also doesn't devalue a lot like other coins do. Btw it's bad that they aren't listed on any exchange and there isn't much to do with this coin.

The only reason why BFG doesn't devalue as much as other altcoins during a bearish trend is because most part of the supply is concentrated and possibly locked on the Betfury site. However, if a large holder suddenly decided to sell all their tokens, the BFG price would most likely collapse because there is clearly not enough liquidity on the DEXs.

This the worst case scenario that can happened on the price of the BFG but I doubt big holder will choose to destroy their own token value instead of just collecting passive profit through staking while still holding their BFG tokens.

The price is stable while the APY for staking is very decent. Slowly unloading those profit from staking is a better approach to get profit instead of dumping all holdings at once which is currently working for them.

Low chance that this situation will happen since most of those people provably won't earn anything if they do that.

And I agree that staking would be the best option to rather than selling it since this is the best option they can do for now as BFG still have limited exposure to traders due to lack of liquidity and also exchange listing.

But let see what are the other future plans of team towards their token since so far they are consistent with their token burning.

[danadc]

Living in a country can't be as free as we want, because there will always be rules we have to follow. Every restriction from government has a reason behind it. So if someone feels uncomfortable or doesn't agree with them, moving to a country where Gambling are legal might be the best choice so they can live what they want. But I think you should think about it carefully, because moving to another country isn't that easy and you'll be far away from your family too.

You're right, it's not eas So far, I've moved from my country to two others, and it's not easy at all. Becoming legal and finding work is quite a challenge, but I can say that I've gone from one country to a better one, and that's what puts my mind at ease, The family issue is a big one, but it's what we have to do if we want to get ahead, That's why freedoms are important to me in every sense, and they should exist in casino games.

[SamReomo]

60% APY is unrealistic in any industry, unless you are dealing with illegal business. I think every serious investor is aware of that.

I fully agree, even APY over 10% to 20% sounds unrealistic when it comes to full legality and investors who're huge investors would love to steal any safe deal if it offers them 10% APY. In most realistic cases 5% APY is normal and more than that sounds unrealistic. Most tokens won't perform that good and that's why even investing in them won't be as profitable.