Investing in Casino tokens such as BFG, OWL or TFS

[smartaction]

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.

Owl team are always active for the huge marketing of their project. And they care a lot about their tokens and anything else. So I think it would be best to invest in OWL token. But BFG also good token but the team of Betfury is not supper active like OWLGame. Still Betfury team are trying hard enough to sustain their project. so i suggest OWL & BFG token is better  for investment. but before investment do everyone should there own research

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[davis196]

Basically those utility tokens have a more stable price than the cryptocurrencies. There are three reasons for this:
1.The casinos are growing and increasing their customer base. A legit business will always have a higher value than a sketchy business.
2.The owners of those casinos can manipulate the price/value of the tokens by increasing their scarcity, burning a part of the tokens in circulation or buying back a part of the token supply. I think that Betfury did something like this last year.
3.In general, a utility token must have a more stable value than a regular altcoin/token(assuming that the project behind that particular utility token is fully functional and legit).

Anyway, this topic seems more related to investing rather than gambling and maybe you should move it to the Gambling Discussion forum(or some other forum).

[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!

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.

You get daily dividends in different coins, while with OWL you can get more OWL or BUSD. And with Betfury it's easier, we just hold tokens there and that's it... I still can't find time to connect some wallet to stake OWL tokens, I just use them for a few bets from time to time! Perhaps also important that BFG can be earned on Biswap, and also staked for some other coins!
OWL is still young I guess, I can't compare Betfury in the early days and now!

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.

I have TXT from the early days, a couple of thousands... I didn't open that casino for a looong time! I also had one or two deposits and in that time I mined those TXT tokens! I remember visiting the site weeks or months later and I didn't get a dollar from that staking! Was thinking to buy or play for more but other casinos were more attractive I guess... I will check TrustDice today to see what's happening there! I will probably need to reset the password!

[CryptoHeadlineNews]

Anyway, this topic seems more related to investing rather than gambling and maybe you should move it to the Gambling Discussion forum(or some other forum).

No. I think this thread is actually on the right board, because these are tokens of a gambling casino, and not an investment platform ( i.e BFG, OWL and TFS), so bringing such topic here for us to discuss and know the reason why the bearish market didn't affect these tokens is not a bad idea, because these are utility tokens and 80% of people who owns these tokens own it to be use as a means of transaction on its different casinos

[Get-Paid.com]

Anyway, this topic seems more related to investing rather than gambling and maybe you should move it to the Gambling Discussion forum(or some other forum).

What you say in this quoted text is very subjective, but thanks for this feedback.

BFG is the most popular a year ago in the forum.  Its now replaced by OWL.

BFG and OWL don't replace each other. You can invest in both or in each one of them separately.
They don't coincide.

[Strongkored]

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?!

 

In my opinion there is nothing suspicious about the price increase of the owl token, if you say it continues to rise it is wrong today the token has decreased by 13%. Manipulation is always there in crypto and you have to see that owl tokens are very low in trading volume so every time someone buys a significant amount it will greatly affect the price and vice versa this is what I saw in tokens with low trade volume.
If you feel token based casino isn't worth investing then don't do it, and you won't be able to uncover what's behind all the changes to the coin price.

[Adbitco]

Maybe there is something behind it or btw the project might hold major token instead of releasing it, possibly might be the total supply could be very low couple with the circulation most project owners more especially gambling sites doesn't really releases their tokens rather could be used for betting in their platform, the most their token is being purchase for placing a bet the more its price increases or stabilizes. Lastly i noticed they are not Bitcoin driven currencies.

[Beparanf]

Maybe there is something behind it or btw the project might hold major token instead of releasing it, possibly might be the total supply could be very low couple with the circulation most project owners more especially gambling sites doesn't really releases their tokens rather could be used for betting in their platform, the most their token is being purchase for placing a bet the more its price increases or stabilizes. Lastly i noticed they are not Bitcoin driven currencies.

They have buy backs directly from exchange and they are burning it unlike other casino token that usually just burn part of the supply of the tokens. The OP didn’t do a research before coming to that question in mind. Owl is a huge web 3 casino and software provider so it’s bigger than what user think of them. The current of trading volume Owl is not that huge so a simple buy back can literally result to a huge price pump.

[delfastTions]

I think that the question posed by the OP, and more specifically why casino game tokens do not become cheaper during a fairly powerful cryptocurrency bear market, is of interest to many.  And by the way, the annual yield is ~ 70%, like BFG, it can now be considered quite large even for cryptocurrencies.  I also think that game tokens are really in demand in games and their value is determined precisely by this.  And the exchange rate is pretty stable. 
But when the bullish period of the cryptocurrency market begins, we will all see an increase in the rate of these tokens, respectively.  And then investing in them will be very profitable.

[paxmao]

Tokens in general feel to risky for my taste. I have been a frequent investor during the ICOs of the 2018, and while overall I had a good outcome, many of them just went to zero. I am saying this because casino tokens are not that different from a million other utility tokens that have been around since ethereum allowed the issuance of ERC-20 stuff. Not the best idea, it is linked to a centralised entity that may fail. Use only in limited amounts and only if you really love the site.

[Fivestar4everMVP]

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 believe the answer to your question is here...

I inquired same on the Owl.games thread and discovered that the owl team performs a monthly buy back of owl tokens at the end of every month, and according the screenshot above, the owl team always target when the price of Bitcoin is down to perform the owl token buy back so that owl tokens wont be affected by the price movement of Bitcoin.
I hope this calms your curiosity

[Ludmilla_rose1995]

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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

compared to TFS, I agree that OWL tokens and BFG tokens are the most feasible to invest in. BFG is backed up by trusted developers, as are OWL tokens. Besides that, user trust in both of their gambling platforms is huge. For those who want to invest in gambling tokens, BFG and OWL are highly recommended.

[Jody.Drummer]

Tokens in general feel to risky for my taste. I have been a frequent investor during the ICOs of the 2018, and while overall I had a good outcome, many of them just went to zero. I am saying this because casino tokens are not that different from a million other utility tokens that have been around since ethereum allowed the issuance of ERC-20 stuff. Not the best idea, it is linked to a centralised entity that may fail. Use only in limited amounts and only if you really love the site.

It makes sense not to use it as top investment advice. After all these are tokens generated from the deposit amount when we bet. However, to specifically invest money, it is necessary to reconsider. Not least in the end that gamblers often move from one casino to another. While focusing solely on the casino token yield itself he automatically has to 100% trust that the casino will continue to run.

[Get-Paid.com]

For those who want to invest in gambling tokens, BFG and OWL are highly recommended.

BFG - yes, but why OWL?
What does OWL provide to their users?

BetFury gives you free cryptos every 20 minutes, a spin, staking - what does OWL give you exactly?! Nothing.

[carlisle1]

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.

I see that point and with good backup business, the token or the project will be able to sustain and a good chance to grow,

though due to volatility, it might also fall for quite some time and then re-try to bounce and bring a decent amount of profits to those

people who are willing to take the risk and wait for the coin to pump back. The staking feature is how the passive income works,

it gives additional profits while you are holding the coin. Good way while holding and waiting for more progress.

[aioc]

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?!

 

I'm a holder of both Owl and Betfury, and it's two of the coins I'm holding that carry my portfolio in the bear trend, I guess it has something to do with the platform and community support, investors support where they see longevity on projects and since these two coins are gambling-related and we all know that the gambling industry is a multi-billion industry investors made a sure bet by betting on casino based tokens.
Of course, there are exceptions to the rules there are in the past attempt by developers to set up tokens based on casinos but they failed because they just want to make a quick profit and are not interested in setting up a gambling form that will serve the gambling community.

[Ryker1]

Well, most of you guys talking about only OWL and BFG but there are gambling casino tokens out there that are good to invest in.
In Coinmarketcap [1] --you can choose a lot of them and FUN token was leading among all of them which no doubt it ios profitable since Freebitco.in is also reputable gambling casino. For me, it does not matter how cheap it is for now, and assuming that it is profitable in the future, just think about the legitimacy of the casino that can survive in the long run.
^{[1] https://coinmarketcap.com/view/gambling/}

[coin-investor]

Well, most of you guys talking about only OWL and BFG but there are gambling casino tokens out there that are good to invest in.
In Coinmarketcap [1] --you can choose a lot of them and FUN token was leading among all of them which no doubt it ios profitable since Freebitco.in is also reputable gambling casino. For me, it does not matter how cheap it is for now, and assuming that it is profitable in the future, just think about the legitimacy of the casino that can survive in the long run.
^{[1] https://coinmarketcap.com/view/gambling/}

Yes there are so many of these, but only OWL and BFG are present here in the Bitcointalk gambling section, they are very active here, they've launched a successful signature campaign and they have a good reputation here, if only these other gambling tokens are active here they will also enjoy the same success both Owl and BFG tokens are enjoying, they need to make their presence felt in the community.
And Bitcointalk is the best place to be.

[Beparanf]

Well, most of you guys talking about only OWL and BFG but there are gambling casino tokens out there that are good to invest in.
In Coinmarketcap [1] --you can choose a lot of them and FUN token was leading among all of them which no doubt it ios profitable since Freebitco.in is also reputable gambling casino. For me, it does not matter how cheap it is for now, and assuming that it is profitable in the future, just think about the legitimacy of the casino that can survive in the long run.
^{[1] https://coinmarketcap.com/view/gambling/}

Yes there are so many of these, but only OWL and BFG are present here in the Bitcointalk gambling section, they are very active here, they've launched a successful signature campaign and they have a good reputation here, if only these other gambling tokens are active here they will also enjoy the same success both Owl and BFG tokens are enjoying, they need to make their presence felt in the community.
And Bitcointalk is the best place to be.

Fun tokens(Freebitco.in) is the most active here in the forum compared to BFG and OWL. The two casino is just new here that’s why they are the one that always being in discussed for a casino token subject matter here. Lately web3 casino become a trend which is the reason for Fun tokens being left behind on matter like this but Fun tokens is the most established among them all because it was listed already in Binance.

[smartaction]

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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

compared to TFS, I agree that OWL tokens and BFG tokens are the most feasible to invest in. BFG is backed up by trusted developers, as are OWL tokens. Besides that, user trust in both of their gambling platforms is huge. For those who want to invest in gambling tokens, BFG and OWL are highly recommended.

BFG is highly recommended then OWL. coz when you will stake BFG token on Betfury website then you will get free crypto like Bitcoin, TRX, BNB and more every 20 min. And they provide high APR return for staking. So BFG is a good token for investment and staking.