Investing in Casino tokens such as BFG, OWL or TFS

[Blowon]

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.

Personally, in my opinion, tokens created to follow trends such as stakes, farms or other things that lead to passive income for token holders from gambling sites, are not much different from other altcoins, only for tokens such as OWL, BFG, TFS. the product is visible and already has many users

[inanilujimi]

Investing in Casino tokens is like investing in token exchange, they have an existing platform and always benefit from the people who use it. if their capital strength is big enough they can easily steal the attention in the market.

[Fredomago]

It did, but it also crashed a lot when Bitcoin wasn't crashing. The fact that it didn't go down in price when bitcoin did only proves that this coin is more detached from bitcoin. Less influenced by bitcoin doesn't mean good, stable, worth buying. It crashed by itself, without the need for bitcoin to crash. When bitcoin went down a mere 15% OWL already corrected 60%, so it's obviously a weaker coin that people get rid of first in times of uncertainty.

OWL only increases +2% when Bitcoin market recovery reaches +10%, if it affects market support then OWL will increase high, but OWL drops 60% when bitcoin only drops 15%, should not be affected from the market because there is no pair to BTC so the price OWL remains stable. However, holding gambling altcoins is very risky and does not guarantee long-term investment.

Nothing is guarantee though, in this kind of investment it's your deeper analysis and research about the future of the token that matters the most, if you feel that you can trust the team behind the project then you can go long term and wait for the value to rise with your expected value before selling, there's always a big risk as the market is volatile and even the coin is progressive the support can be low and you'll see dump to happen along the way.

[LUCKMCFLY]

I think that people who want to invest in these tokens, whatever it is, it is up to them in particular, I could not give advice depending on what a person wants, if they want to invest in a token, just because they like it, they are free to do it, if you want to invest in a token looking for profitability, you are also free to do so, but you have to bear in mind that when doing so you must wait as long as necessary, and this is decided by the btc market, because the btc it is the only crypto asset that has its own life and not another currency, when taking these things into account, it is necessary to know that the investor must be aware of how the crypto market moves, so that he knows what to expect.

[Strongkored]

I think that people who want to invest in these tokens, whatever it is, it is up to them in particular, I could not give advice depending on what a person wants, if they want to invest in a token, just because they like it, they are free to do it, if you want to invest in a token looking for profitability, you are also free to do so, but you have to bear in mind that when doing so you must wait as long as necessary, and this is decided by the btc market, because the btc it is the only crypto asset that has its own life and not another currency, when taking these things into account, it is necessary to know that the investor must be aware of how the crypto market moves, so that he knows what to expect.

Sometimes the decision to invest in token casino-based is because they also see more profits if the investor is actively playing in the casino but unfortunately investors not carefuly to check how the crypto market work that the token value can decline because comply to movement of the btc price that is the reference affects it like you said, so you have to ready with all possibilities may benefit from the casino but suffer losses due to a bearish market

[cabron]

I think that people who want to invest in these tokens, whatever it is, it is up to them in particular, I could not give advice depending on what a person wants, if they want to invest in a token, just because they like it, they are free to do it, if you want to invest in a token looking for profitability, you are also free to do so, but you have to bear in mind that when doing so you must wait as long as necessary, and this is decided by the btc market, because the btc it is the only crypto asset that has its own life and not another currency, when taking these things into account, it is necessary to know that the investor must be aware of how the crypto market moves, so that he knows what to expect.

Sometimes the decision to invest in token casino-based is because they also see more profits if the investor is actively playing in the casino but unfortunately investors not carefuly to check how the crypto market work that the token value can decline because comply to movement of the btc price that is the reference affects it like you said, so you have to ready with all possibilities may benefit from the casino but suffer losses due to a bearish market

With BFG as far as I know there are more users got who their token in investment thru the campaign they did. I'm not sure who profitable it is when the revenue is shared to the holders. But I would assume it is profitable since Betfury becomes popular.

What is to worry with casino token is that they are not listed on big major exchanges. I don't see it going there like it is innovative enough for the tech loving guys out there. This is the kind of token that will serve more for the team.

[paxmao]

I also think that devs know their business well and also what useful functions their tokens perform.  I think that investing in these tokens is quite reliable and their universal purpose as an investment tool and at the same time a game token is to some extent a guarantee that the tokens will not turn into dying assets, as it was with thousands of empty tokens without any useful functions,  which were released by all and sundry in 2017-18 at the ICO.  Here the situation is completely different.

Correct, Casino startup nowadays invest huge funds on there casino product before they launch there tokens to the public. Most of them has a gambling license and working casino with real players unlike startup casino before that building from scratch using the funds from ICO sales which already proven that is not feasible at all because al of them died in the process die to limited funds.

I think that the investments are not that big compared to brick and mortar businesses for example, and that tokens and ICOs may hint to a project that is not yet complete. Since 2018 the ICOs have been correlated to bad publicity and that is something that any casino should consider before even metioning the word "token" in any of their initiatives.

[Taskford]

I also think that devs know their business well and also what useful functions their tokens perform.  I think that investing in these tokens is quite reliable and their universal purpose as an investment tool and at the same time a game token is to some extent a guarantee that the tokens will not turn into dying assets, as it was with thousands of empty tokens without any useful functions,  which were released by all and sundry in 2017-18 at the ICO.  Here the situation is completely different.

Correct, Casino startup nowadays invest huge funds on there casino product before they launch there tokens to the public. Most of them has a gambling license and working casino with real players unlike startup casino before that building from scratch using the funds from ICO sales which already proven that is not feasible at all because al of them died in the process die to limited funds.

And I never trust those casino who start with ICO because we don't know if they can provide quality platform for us to play like top tier casinos exist here. Also to many scams are already been happen so I better trust only those casino which is reputable already which release their coin because we have some assurance that they will not get rigged. The tokens mentioned by OP is actually not bad option and its up for investor if they take risk to accumulate those tokens.

[livingfree]

What is to worry with casino token is that they are not listed on big major exchanges. I don't see it going there like it is innovative enough for the tech loving guys out there. This is the kind of token that will serve more for the team.

Yeah, most of them are not listed in big exchanges but there are some that are listed on those major exchanges and has got a decent volume. CMIIW, tokens like FUN is from freebitcoin, right?

It's listed on many exchanges and binance is one of them. I can see that they're innovative with that project and seriously and continuously working on it. Unlike the other projects and tokens, they don't dedicate that much after the crowdfunding and if they've got that much profit on it.

Still depends on the likes of the investors if they're into these type of tokens because majority of them offers passive income through staking of these native casino tokens.

[Sensetive03]

you can add rollbit token

[aioc]

And I never trust those casino who start with ICO because we don't know if they can provide quality platform for us to play like top tier casinos exist here.

Don't generalize you may have a bad experience from the casino with ICO but Betfury proves to be an exception, they have a competitive platform, they have a huge community, and they do marketing campaigns from time to time, Betfury is very successful as a casino coming from ICO.

The tokens mentioned by OP is actually not bad option and its up for investor if they take risk to accumulate those tokens.

So far BFG and Owltoken are doing good, I don't think it's bad options it's just you not making research on the profitability of the token based on how good their platforms are, they may not be listed on big exchanges, but they will soon be.

[Coin_trader]

you can add rollbit token

Sadly this is not a thread dedicated for the list of casino utility tokens but rather this thread is a general discussion about investing on it as a whole and not in specific coin. Maybe creating a list thread is good idea by the way to track performances of all casino utility tokens that has an ANN thread here in the forum.

I definitely interested on starting thread like this.

[wallet4bitcoin]

Before investing we should know some facts. We need to look at circulating and max supply, market cap and of course trading volume. Most people I know deposit casino with stable currency.

And if the token stakeable and there is an opportunity to increase the supply by staking, Maximum time that can not balance with the market price. I always like to invest in
highly usable cryptos, like BTC, ETH

[minime0105]

Investing in Casino tokens is like investing in token exchange, they have an existing platform and always benefit from the people who use it. if their capital strength is big enough they can easily steal the attention in the market.

Does casino have their own token or they use cryptocurrency of Fiat currency to operate with I never knew that casino I have it on token so all this is becoming new to me where I stand on is that casino is being fund with a Fiat currency. And I would like to confess that today is my first hearing of casino token being used play in any of the casino play in casino game according to you.

[KennyR]

Investing in Casino tokens is like investing in token exchange, they have an existing platform and always benefit from the people who use it. if their capital strength is big enough they can easily steal the attention in the market.

Does casino have their own token or they use cryptocurrency of Fiat currency to operate with I never knew that casino I have it on token so all this is becoming new to me where I stand on is that casino is being fund with a Fiat currency. And I would like to confess that today is my first hearing of casino token being used play in any of the casino play in casino game according to you.

Long back itself casinos have got their own tokens. In some platforms these tokens were provided as claimable at some time interval. These tokens haven't been marketed much. Most of the casino tokens provide you with the staking access. Through this according to the profit from the house the users will be shared with tokens.

[CuriousGeorge]

It did, but it also crashed a lot when Bitcoin wasn't crashing. The fact that it didn't go down in price when bitcoin did only proves that this coin is more detached from bitcoin. Less influenced by bitcoin doesn't mean good, stable, worth buying. It crashed by itself, without the need for bitcoin to crash. When bitcoin went down a mere 15% OWL already corrected 60%, so it's obviously a weaker coin that people get rid of first in times of uncertainty.

OWL only increases +2% when Bitcoin market recovery reaches +10%, if it affects market support then OWL will increase high, but OWL drops 60% when bitcoin only drops 15%, should not be affected from the market because there is no pair to BTC so the price OWL remains stable. However, holding gambling altcoins is very risky and does not guarantee long-term investment.

It's the same like holding majority of altcoins even bitcoin as well. People can't expect to get a huge gain from holding the gambling tokens. Gambling tokens were exist as alternative way for people to get the advantage from the platforms. Expecting the price to be stable is totally wrong.
If you are also holding bitcoin and you can also lose your money as well as the gambling token. Dropping more compared with bitcoin is a common thing for the gambling token

[dezoel]

I think that people who want to invest in these tokens, whatever it is, it is up to them in particular, I could not give advice depending on what a person wants, if they want to invest in a token, just because they like it, they are free to do it, if you want to invest in a token looking for profitability, you are also free to do so, but you have to bear in mind that when doing so you must wait as long as necessary, and this is decided by the btc market, because the btc it is the only crypto asset that has its own life and not another currency, when taking these things into account, it is necessary to know that the investor must be aware of how the crypto market moves, so that he knows what to expect.

The tokens that we have here aren't just an ordinary token so don't say "whatever it is". Gambler or not, bfg owl and tfs is a must to be added on our portfolio because they have a big potential. The gambling site which owns these tokens still continues to grow and improve and many of its players are also getting these tokens.

If the coin that we are talking about are scams then that was the time to warn or restrict others to not invest on that coin. As a part of this community we also want others to succeed not only us. Btc is not only the coin that has its own life but also the coins that are featured here. They are backed by a casino and its players. That is what makes them alive.

[capedbaldy]

It's the same like holding majority of altcoins even bitcoin as well. People can't expect to get a huge gain from holding the gambling tokens. Gambling tokens were exist as alternative way for people to get the advantage from the platforms. Expecting the price to be stable is totally wrong.
If you are also holding bitcoin and you can also lose your money as well as the gambling token. Dropping more compared with bitcoin is a common thing for the gambling token

Gambling tokens cannot be compared to top coins, but all coins have limited uses and different use cases, but holding gambling tokens is very risky compared to other coins, community interest in gambling tokens is very low due to low trading volume and liquidity on exchanges, making tokens impossible to invest in long term.

[Fredomago]

It's the same like holding majority of altcoins even bitcoin as well. People can't expect to get a huge gain from holding the gambling tokens. Gambling tokens were exist as alternative way for people to get the advantage from the platforms. Expecting the price to be stable is totally wrong.
If you are also holding bitcoin and you can also lose your money as well as the gambling token. Dropping more compared with bitcoin is a common thing for the gambling token

Gambling tokens cannot be compared to top coins, but all coins have limited uses and different use cases, but holding gambling tokens is very risky compared to other coins, community interest in gambling tokens is very low due to low trading volume and liquidity on exchanges, making tokens impossible to invest in long term.

Community interest and how investors are working with the developers, gambling coins if focus to how the business will grow have a good potential in terms of succeeding, the value may rise high and it luck permits to those early stakers they can be achieve the value that they are aiming before selling their assets.

It's going to depend on how you deal with your proper study and deeper research to how the business will progress and achieved success,.

[babygun]

With BFG as far as I know there are more users got who their token in investment thru the campaign they did. I'm not sure who profitable it is when the revenue is shared to the holders. But I would assume it is profitable since Betfury becomes popular.

What is to worry with casino token is that they are not listed on big major exchanges. I don't see it going there like it is innovative enough for the tech loving guys out there. This is the kind of token that will serve more for the team.

They did a big bounty campaign 2 years ago where they gave away a nice amount of BFG, but the majority of the tokens has been mined by playing the in-house games or third party slots. If you browse through the Betfury topic, you will also see that they are working to get listed on some major exchanges (including Binance). It will take a lot time but hopefully they will get listed.