Investing in Casino tokens such as BFG, OWL or TFS

[Get-Paid.com]

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

• BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.
• OWL for OwlGames - they offer 43% per annum on their OWL token, their currency has actually went up in value whilst all other cryptos went down - and why? Anyone knows?
• TFS for FairSpin - not very popular but represents FairSpin, didn't go down in value much either.

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

 

[Oshosondy]

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

Probably because more users are using the gambling platform and they prefer to use OWL token on the gambling site. There can be ways the token is promoted on the gambling site that makes people using the gambling site to buy it. As people that are using the gambling site increase, the token market worth will also increase, thus the price as well.

If I will have to invest, what I can first consider is marketcap, I like high marketcap coin. Although, the coins or tokens by the gambling platform may not that decrease during bear market, but what tells us that such token will significantly increase during bull market? We are in the bear market with no further significant downturn, I expect people to more invest on coins like bitcoin so to take part in the bull time.

On gambling platform, I prefer to use coins like bitcoin or stable coins like USDT. I use USDT most during significant bull market and change back to bitcoin after significant bear market like this.

[dothebeats]

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

• BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.
• OWL for OwlGames - they offer 43% per annum on their OWL token, their currency has actually went up in value whilst all other cryptos went down - and why? Anyone knows?
• TFS for FairSpin - not very popular but represents FairSpin, didn't go down in value much either.

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

Just like any other cryptocurrencies, it's good to buy on these tokens when the market is down, although of course there needs to be some caution taken into consideration as these are not your regular cryptocurrency, and it highly depends on the performance of the platform that it represents. I don't see any point in investing on these casinos through their tokens. I can invest on their bankroll sure, but their tokens? That's an entirely different story.

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

 

I'm pretty certain you know the answer: manipulation. It's highly improbable for a relatively unknown token to appreciate in value in the midst of a bear market, and the only way it can get some volume and attention to itself is by means of artificial growth achieved through pumps. Not saying that OWL is shit, it's just that it's a relatively unknown token at this point and that any interest that it garners is probably from artificial sources looking to lure people into buying it before they dump their bags onto these new buyers. But again, who knows? It could be anything at this point.

[swogerino]

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

I don't think it is the same despite it looking like that right now.I think that those tokens are only well known to people who use any of those three casinos you have mentioned there.Personally I only knew about Betfury and didn't knew about the other ones.If they pay 76% on a year and they pay in BNB-Binance token that sounds like a good option to invest there,of course if you have excess money that you don't know what to do with them.

These tokens also I find them at a really low number of rankings based on their market cap in the website coinmarketcap,respectively over 3000 BFG and over 4000 TFS which shows that these are not well known coins,and we never know how they will behave in the future,that is why you have not read much about them in the forum.

[Wexnident]

Wouldn't really consider those tokens on the same level or at least attribute the market that they have as the same as the market of Bitcoin. Those tokens are for casinos after all, and the market that they have is rather different from the investors and users of Bitcoin, not to mention that they're relatively less known compared to the big tokens. There's also the possibility that it's artificially manipulated since it's much easier to control the market for these kinds of tokens imo.

Plus, the token seems to be used on the casino itself for benefits, so that may be a reason for the increase in price, though it may just be temporary in the end due to a temporary increase in the amount of players/users.

[Maus0728]

I can only comment about OWL.

Perhaps, their recently concluded airdrop in CMC, CEX listing, staking, and the ability of their players to earn in-game OWL token are one of the many reasons why OWL token is hovering around $1.

I mean they have done all sorts of promotion, advertising, listing and all other shits that might attract people to invest in their token. However, it might also be a cover for token manipulation either, which raises their value despite of their use-cases.

[smartaction]

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

• BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.
• OWL for OwlGames - they offer 43% per annum on their OWL token, their currency has actually went up in value whilst all other cryptos went down - and why? Anyone knows?
• TFS for FairSpin - not very popular but represents FairSpin, didn't go down in value much either.

OwlGames token OWL is good plan for bought, hold and stake. and we can also gamble with OWL Token. it has good future and OwlGames already a popular casino site. And also Betfury token BFG is better for Investment. It is also a good casino site. And they provide high APR staking reword. so we can earn from staking by bought BFG and also if that token price pump. then it will also give us huge profit. In my opinion OWL & BFG can be bought

[fiulpro]

The price is ofcourse increasing because of the demand in the market, you should understand that they might have increased it initially due to investment by someone close to the company as well, which means that this will create a sense of awe in other people and investors who will generally invest because the price is increasing and they do want to make some profits as well, which will further make it go up more. Whales target things sometimes randomly and it usually makes the price go up and suddenly crashes when they cash out of the market, i do think it's both beneficial of you are looking for a short term investment and also can be seen as a bubble.

[Eternad]

Don't invest on TFS token. They have a very low budget for the project development and marketing to boost the token price.

As an Owl holder, The reason why Owl gas steady growth is because they have a lot of source of income such as there software sales and there own casino. There staking too has deposit and withdrawal which will forced the stakers to stake for a long time just to recover the fee and gain profit at the same time.

[iv4n]

Fun tokens as well, and TrustDice has its own token as well...

I wouldn't compare BFG and OWL... they are different! And I give advantage to BFG here... You should also consider FUN tokens more than some other tokens as well, Freebitco.in - FUN Token Investment Experiment Uneng is sharing his experiment and you can follow it from this link, nice from him definitely, you can follow him and check is it worthy or not!

[babygun]

Fun tokens as well, and TrustDice has its own token as well...

I wouldn't compare BFG and OWL... they are different! And I give advantage to BFG here... You should also consider FUN tokens more than some other tokens as well, Freebitco.in - FUN Token Investment Experiment Uneng is sharing his experiment and you can follow it from this link, nice from him definitely, you can follow him and check is it worthy or not!

They are both different and also similar in a way. With both tokens you can gamble and also use it for farming. The big benefit that BFG has, is the dividend you daily get and that is one of the main reasons that I currently have a lot more BFG tokens than OWL.

[stomachgrowls]

Any coins which had been backed up or totally get attached with some platform specially gambling sites or platforms which could really able to sustain players or supporters which even the market declines

it wont really be affected that much but somehow its not really that guaranteed but basing up on what we are seeing then it did really stood strong despite of the bear market condition.
No one really knows on why it do even increase its price but we know about the basics about demand which it could really make price increase if its present.

Cant really be that confident on treating it like a company share or stocks but if you do mind on that way then its not that bad toe be considered out.

[notblox1]

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

This is just market manipulation coming from owners of those gambling websites, and it can't be compared with stocks in any way.
Value for this tokens will go down when they decide, because owners hold majority of those tokens, it was not fair launch but probably premined a lot.
If something is going to be  "William Hill" or "Ladbrokes" it's going to be Bitcoin, but you need to patient and not expect some random token to make you profit.

[Mahanton]

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

This is just market manipulation coming from owners of those gambling websites, and it can't be compared with stocks in any way.
Value for this tokens will go down when they decide, because owners hold majority of those tokens, it was not fair launch but probably premined a lot.
If something is going to be  "William Hill" or "Ladbrokes" it's going to be Bitcoin, but you need to patient and not expect some random token to make you profit.

Just like on what happened on CSNO? (Bitdice)
https://nomics.com/assets/csno-bitdice
https://coinranking.com/coin/HLIN_hmDd3Auj%2Bbitdice-csno

This one proves out about gambling token based kind of investment or choice which it cant really be compared to stocks.
You are definitely right about being manipulative and this is where company could make huge money?

[blockman]

I think the advertising of Owl, made them add to the volume because I've seen them having that ad on Coinmarketcap. And we all know how huge that platform is and that's why it's likely that those who have joined their airdrop became interested to know more about them.
BFG is also popular and I think if they become more aggressive in marketing just like how Owl did, they'll maximize its effect of it.

[Vaskiy]

Unlike the market trend usage of cryptocurrencies on gambling stays constant. This seems to be the reason why there is not much of deviation in the market of those mentioned cryptocurrencies associated with gambling sites. Investing on these coins in the bear market doesn't look like a fair decision, because these tokens won't show much in growth when the market turns bullish.

During the bearish and bullish market the gambling industry is the one that is able to withstand. More ways of promotions are being done, but something as making it popular through sporting events seems to grab the attention of more investors which might boost the market.

[DoublerHunter]

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

This is just market manipulation coming from owners of those gambling websites, and it can't be compared with stocks in any way.
Value for this tokens will go down when they decide, because owners hold majority of those tokens, it was not fair launch but probably premined a lot.
If something is going to be  "William Hill" or "Ladbrokes" it's going to be Bitcoin, but you need to patient and not expect some random token to make you profit.

^ You have a point, just because of the website owner and that is the reason why their token pumped up and also additional factor is most of their gambler using that token to gamble. The reason could be the demand was increased, but however, it could be there is manipulation or tricks that only the owner knows. I don't think it is not worth it to invest in them if you compared them to stocks. BTC will surely give you a better ROI when it comes to investment and we know we can deal with the volatility on this.

[Jody.Drummer]

Fun tokens as well, and TrustDice has its own token as well...

I Staking TXT tokens when I first got them and that's from my first deposit so far, has not been back for quite a while. The tokens generated can be staked and then simply forgotten. If at any time something like OWL and BFG has value we can take unexpected profits but don't expect too much. It's just that to invest I still have no plans so far.

[cabron]

BFG is the most popular a year ago in the forum.  Its now replaced by OWL.
I have no idea about William and Ladbrokes but if they are listed on stock, you are most likely right.

Most of these casinos only made their tokens utility within the platform thru staking and some are not listed on different exchanges so it must be easy for them to manipulate price.

[South Park]

Unlike the market trend usage of cryptocurrencies on gambling stays constant. This seems to be the reason why there is not much of deviation in the market of those mentioned cryptocurrencies associated with gambling sites. Investing on these coins in the bear market doesn't look like a fair decision, because these tokens won't show much in growth when the market turns bullish.

During the bearish and bullish market the gambling industry is the one that is able to withstand. More ways of promotions are being done, but something as making it popular through sporting events seems to grab the attention of more investors which might boost the market.

To me this makes sense, we also need to take into account that a great deal of the coins that we have in this market have nothing solid behind them and as such it is natural they are extremely susceptible to the manipulation that is going on in the markets, but when it comes to casino tokens we know there is a company behind them which can back up the price of their token with the number of clients they have and with the profits they have gotten over time, so it is not surprising that casino tokens seem to be more resistant to the fluctuations in the market.