Investing in Casino tokens such as BFG, OWL or TFS

[virasisog]

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.

Their activeness and good reputation in the community have a huge impact on the success of OWL and BFG. I could say that they're worth investing in since they have an active team behind them. These coins have been functional and I believe that they could even reach a good spot when the market gets back to normal. These coins have good potential since they're being handled well.

[|MINER|]

snip

Yes you are right but I will not compare them with each other because in my opinion these two are good . Yes it's true owl is currently performing good but I don't think that it cross the BFG . Those two have great apr and tokens can be use as gamble . This is more familiar gambler. And also think that TFS should excused from investing this is not that much high project.

[rhomelmabini]

I think to answer the question on how they can still withstand this bear market is to read their tokenomics if there's any. I think that's is the only possible thing to do like burning or buy back strategy, if they're supported well by the community then that's the answer I can think of.

[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.

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.

Sure that's true
Btw, the total buy/sell of a currency is what measure the trading volumes per day or weekly, and it keeps showing the bull trends so if for any reasons there's a limited sell or buy the token won't have any much change or price impact which why some Casinos token have no much increase in price unlike the OWl token.

[Slow death]

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.

Their activeness and good reputation in the community have a huge impact on the success of OWL and BFG. I could say that they're worth investing in since they have an active team behind them. These coins have been functional and I believe that they could even reach a good spot when the market gets back to normal. These coins have good potential since they're being handled well.

OP wants to know why the price of these altcoins are increasing if the price of bitcoin has dropped a lot and we are in a very dangerous and deep bear market, I personally also think it's strange that these altcoins that OP mentioned are not dropping a lot every day, looking at altcoins that have a big use like ETH are not immune to drops and are falling along with bitcoin, so it doesn't make sense that casino altcoins aren't falling, how many customers would the casino have to have to justify that the price doesn't drop due to having too much demand ? Could it be that casino customers are not the same people who buy bitcoin and are seeing the bear market to sell in panic? I think it's price manipulation

[coinerer]

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.

OWL is popular like BFG token. And one big support for OWL has is its casino site. Its casino site is very popular. So the OWL token is also catching everyone's attention. Also for BFG big support is Betfury gamble site. But BFG have another facilities. that is his high Staking bonus. So BFG catching everyone's attention too much.

[CryptoYar]

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've no idea about their website if it's unique or not. But the thing is OWL total token holders increased surprisingly. As on July 11, their total token holders were 51473 but now this number has increased to 52,416. Which means 943 new investors have bought the token which could be the reason for the price increase.

(This is just bsc, don't know what is happening on other chains as it's also available on Polygon and Fantom)

[notblox1]

Just like on what happened on CSNO? (Bitdice)

I don't know the history and if Bitdice started CSNO with premined coins, but I know other coins that started like ICO's that promised new gambling platfroms.
Some of them I remember is Casino Coin and Wagerr that all went to zero, and other gambling coins ended up as total scam.
I don't want to use and hold any tokens even if they are released from most reputable gambling website.

[merchsummer]

Sounds cool, but I wonder would it be fine...
#merchsummer #TSF #token

[Rigon]

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?!

 

Here BFG Coin is a very good coin. I have also left the investment myself but I am getting profit from there as daily staking of five more coins.Withdrawal fees are very low and the platform is very popular.Also all other coins are very good and popular because I have this BFG token I know its benefits and said.

[barbara44]

Nice to know that there are still cryptos which don't totally rely on btc and to the majority. There's a guy here last time that looks for a crypto like this which are independent. If only I know this earlier maybe I have recommended it to him but maybe it's not too late yet. I'll still let him know about the three coins found on this thread.

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?!

Don't know about you but I like their website. They are not totally the best but they are better than most casinos that I see. If you will visit their ANN thread, you can see many positive feedback there. That could be the reason on why the price of their token is rising because they perform better among the two casinos which offers almost the same.

[Cookdata]

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 wouldn't compare them with rest of the tokens out there since they have a good use case and such will help grow the value of their tokens. However, looking at the three of the tokens you made mentioned, TFS is the only one with too much total supply, it wouldn't go far when you compare it with others and also, buying these tokens for the sake of APY reward in USDT and BNB is not too convincing. I know they are trying to avoid dumpers but they should build and increase the utility of the Casinos, they would worry less about those that will dump their rewards.

[passwordnow]

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?!

Not anymore with Owl but honestly, it's got a good chart looking at. It may have probably taken its own ATH and is currently down a bit. But look at when it started and how is it going right now. There's no need for any further explanation about it, this is just simple economics that has been taking the market for everyone and isn't just limited to gamblers but also to the investors. Volume was increasing and I think many were able to see how they have started.

[robelneo]

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, they have platforms casino platforms that many gamblers are using and they have features like staking and they have a huge community behind them, investors don't jut buy these tokens, they've seen its potential and so far they've liced up to their potentials.

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?!

Have you used one of their platform of Owl, have you tried their staking features, you have to test and try their platform for you to appreciate and see the potential of Owl.

[romero121]

Utility is the factor that decides the growth of any token. Apart from its utility there are more things happening in the market, but those doesn't contribute to the real growth. As far concerned, these gambling tokens have got its usage on gambling sites. Through this the values were generated. Beyond this there is a need for promotion with which the staking can be made effective. Just tokenising the service isn't gonna generate value.

[Desmong]

Any project that you see doing well in the market now is because of the project team that are behind it and everything depends on how they can push the project bull so that there will be enough liquidity that will keep the price up without going down. An experience project team knows different ways they can push the project and make it compete well with others in the market.

[goinmerry]

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 think it's not just because of the gambling site but also the noticeably good volume that is in good progress before.

It catches the attention of some traders (not actually gamblers) that might be the reason why they list OWL on their respective portfolios. It's like other altcoins that experience ups and downs regardless of the main reason why it happened that way.

But it's not that OWL is on the hype. Just another day in crypto although the fact that they hit ATH recently, that's a worth coin to list on our portfolio.

[Franctoshi]

As more and more customers keeps coming in into the platform to patronize their business, then their business will definitely keeps flowing and I believe that this is as a result of good performance over a long period time, therefore they will gain a lot of trust from their customers.

Another very interesting part of these platform as regards to their tokens gaining value while the entire crypto market crashed,  is that they made it such a way gamblers have to makes use of their tokens in betting and so far people are constantly making use of their tokens the price will either be stable or increase in value as a result of increasing demand.

Secondly as a result of the Crypto market crash a lot of people now often make use of these, So I do think this factors have really helped the platforms to thrive and continue scaling their business.

[bittick]

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?!

This token is offering some usefulness for its token holders. It's mostly being used by the users to play in the owlgames. There are some usecases that already offered by owltoken as well and i think that you may need to spend a few seconds to take a look at this https://owldao.io/ecosystem#cases

The APR that already offered by owl token is very good enough for me which was around 42% APR.

The price is always going up from time to the another time caused by auto liquidity providing and buy back by the team. The traffic of owl sites are also going up drastically and that's helping the team to buy back more token caused by the revenue that already received were also increasing drastically.

[coinerer]

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?!
 

All the three projects you mentioned have gained quite good reputation on the gambling site as of lately. Especially owl games is different from others. It conveys DAO token which greatly attracts gamblers including investors, for this reason gradually it is getting the top position. Just look in the bearish market all the coins price reduce drastically but gambling coins are most likely stable or some coins is increasing. As the crypto market improves, the position of these tokens will improve, especially Owl Dao will take the better position.

Actually no Altcoin is stable. Be it gaming tokens or other coins. But gambling coins are less dump than other altcoins. Because gambling coins are used by many gamblers for gambling.  And many people are buy it and Hold or Stake. So its price is often seen increasing. And as such OWL token is a good gambling coin.  Which is already very popular