Investing in Casino tokens such as BFG, OWL or TFS

[milewilda]

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?!

We need to understand that tokens are somethings that has more higher volatility even than the coins itself, well atimes those behind the NFT pump the price just to deceives and eventually you discover a sporadic decline in its value, this is risky enough but weather rising or falling ones you have your assets in tokens then bear in mind the more danger it poses and same way it has a good opportunity to provide as well, but the effect of pump and dump could be disastrous.

The less volume a token has, the more volatile it is and the easier it is to manipulate, which is why these tokens are pushed by a few buy orders and sell orders, resulting in dumps. Casino tokens do not normally have a use case like typical projects and hype like other tokens out there, so a single person or group can do whatever they want. They can even buy their token at a lower price and decide to pump the price, and once they get the attention of traders who like to pump and dump, they sell on them and withdraw their capital and profit.

My advice is to buy Casino tokens only if you need to use them for some benefits within the platform and not as an investment like other cryptos.

On point and people should know about the basics about low-high volume where price would be entirely different if we do talk about behavior in terms of pump and dump.
I agree into the word that i dont see much relevance in terms of utility of these type of tokens which could really be only used on the platform itself thats why they arent really
getting that much attention or something not really surprising but its up to someone and as a show of support on a casino then its depending whether someone will
really make out investment and trust up.

[1714822964]

1714822964

[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.

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

Yes, and precisely from there is where everything originates, because there are players who are not very interested in the crypto market, but in continuing to add and add "coins" that for them represent money, and this is not something that is so bad, In part it is a strategic plan that casinos have to attract more customers, but by having customers who know the crypto market, who know about investment, trading, among other similar things. the casino not only attracts the born players, but also makes the insiders learn and educate them about crypto and those players who know a lot about crypto and trading have another perspective on the tokens, that is why the diversity of opinions.

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?!

We need to understand that tokens are somethings that has more higher volatility even than the coins itself, well atimes those behind the NFT pump the price just to deceives and eventually you discover a sporadic decline in its value, this is risky enough but weather rising or falling ones you have your assets in tokens then bear in mind the more danger it poses and same way it has a good opportunity to provide as well, but the effect of pump and dump could be disastrous.

The less volume a token has, the more volatile it is and the easier it is to manipulate, which is why these tokens are pushed by a few buy orders and sell orders, resulting in dumps. Casino tokens do not normally have a use case like typical projects and hype like other tokens out there, so a single person or group can do whatever they want. They can even buy their token at a lower price and decide to pump the price, and once they get the attention of traders who like to pump and dump, they sell on them and withdraw their capital and profit.

My advice is to buy Casino tokens only if you need to use them for some benefits within the platform and not as an investment like other cryptos.

On point and people should know about the basics about low-high volume where price would be entirely different if we do talk about behavior in terms of pump and dump.
I agree into the word that i dont see much relevance in terms of utility of these type of tokens which could really be only used on the platform itself thats why they arent really
getting that much attention or something not really surprising but its up to someone and as a show of support on a casino then its depending whether someone will
really make out investment and trust up.

Yes, you are right, everything that is about Pump and Dump is many things, there are some people who are dedicated to the detection of these signals of this type, however this is somewhat difficult when there is such an unstable market and with a high uncertainty index, because if in a given case a person dedicated to giving these signals determines a possible bomb, and if there is a market crash, the loss is inevitable, there is nothing to do there, however, when there is a project that takes place in a somewhat bearish BTC market, it is very likely to be successful, because when BTC goes up it is very possible that these tokens go up, but not by magic, those of the project have to make their hodlers fall love.

[ethereumhunter]

That's all marketing. The usual way of marketing is through bounties but once the token has already gained traction, popularity, and momentum. They don't need it anymore and that's why they're going to focus on the use case and development of it which goes under the casino itself and why they've made the token. And the fact that they did a token is for their improvement and other offers to be good and that's why they've done that. Also, they can use any other marketing aside from those bounties and I do typically see most ads pop on search engines.

There are many ways that casinos will use to attract gamblers so that they can get more members who will register on their site. Giving bonuses in the form of tokens is one of the ways that casinos may often use. Before the casino gives bonus tokens, the casino needs to consider how members can use the tokens to their advantage. If they can give this to their members, there's a good chance that more people will join the casino for bonus tokens that they can use for other benefits.

It's like a domino effect that they've seen this success of making tokens from the other casinos. And it's all really about crowdfunding to help the site upgrade and become better.
I salute those casinos despite their popularity, they're not dwelling and diving into this idea of having their own tokens because they can sustain their operations just how it used to be.

Yes, the casinos seem to see the potential to launch their tokens to provide other benefits to their members. But it must be accompanied by other efforts to make their tokens successful. For casinos that already have popularity, it is unlikely that they will do that because they will think of other things that can make their casino always get a good reputation. Popular casinos don't just want to keep up with the current trends because it doesn't necessarily work for their casinos. They should focus on what they are already doing and keep trying to improve it.

[delfastTions]

That's all marketing. The usual way of marketing is through bounties but once the token has already gained traction, popularity, and momentum. They don't need it anymore and that's why they're going to focus on the use case and development of it which goes under the casino itself and why they've made the token. And the fact that they did a token is for their improvement and other offers to be good and that's why they've done that. Also, they can use any other marketing aside from those bounties and I do typically see most ads pop on search engines.

There are many ways that casinos will use to attract gamblers so that they can get more members who will register on their site. Giving bonuses in the form of tokens is one of the ways that casinos may often use. Before the casino gives bonus tokens, the casino needs to consider how members can use the tokens to their advantage. If they can give this to their members, there's a good chance that more people will join the casino for bonus tokens that they can use for other benefits.

It's like a domino effect that they've seen this success of making tokens from the other casinos. And it's all really about crowdfunding to help the site upgrade and become better.
I salute those casinos despite their popularity, they're not dwelling and diving into this idea of having their own tokens because they can sustain their operations just how it used to be.

Yes, the casinos seem to see the potential to launch their tokens to provide other benefits to their members. But it must be accompanied by other efforts to make their tokens successful. For casinos that already have popularity, it is unlikely that they will do that because they will think of other things that can make their casino always get a good reputation. Popular casinos don't just want to keep up with the current trends because it doesn't necessarily work for their casinos. They should focus on what they are already doing and keep trying to improve it.

The release of their tokens automatically binds players to a particular casino and is even a kind of guarantee that the player will continue to play using these tokens.  I think that the release of their tokens allows the casino to maintain the presence of players in the game for a long time. 

And it is also an excellent advertising and promotion tool to attract new players.

[ethereumhunter]

The release of their tokens automatically binds players to a particular casino and is even a kind of guarantee that the player will continue to play using these tokens.  I think that the release of their tokens allows the casino to maintain the presence of players in the game for a long time. 

And it is also an excellent advertising and promotion tool to attract new players.

This could be the case, especially if the casino guarantees they will get more benefits by holding the token or using it to play gambling. This is the main attraction of casinos that can attract big gamblers who use large amounts of money because they can get bonus tokens and other benefits if they hold the token.

Casinos must be able to maintain and even improve their casinos and grow to be bigger than before and that can be run well if they are serious about the project.

[passwordnow]

It's like a domino effect that they've seen this success of making tokens from the other casinos. And it's all really about crowdfunding to help the site upgrade and become better.
I salute those casinos despite their popularity, they're not dwelling and diving into this idea of having their own tokens because they can sustain their operations just how it used to be.

Yes, the casinos seem to see the potential to launch their tokens to provide other benefits to their members. But it must be accompanied by other efforts to make their tokens successful. For casinos that already have popularity, it is unlikely that they will do that because they will think of other things that can make their casino always get a good reputation. Popular casinos don't just want to keep up with the current trends because it doesn't necessarily work for their casinos. They should focus on what they are already doing and keep trying to improve it.

The other efforts you're talking about, they know what they do and what's needed to be done. The token will seem to be worthless if they don't do anything with all their capacity to maximize its use and if they really need it. Those that are successful, don't need it because they have their own fund ready to cover the whole cost of their operation and other expenses that they need to do.

Yes since basically that means that those casino didn't join the token creation scene have enough funds to sustain their business and we can't see some reason about doing something bad in future because they are self sustainable already. Compare to those casino which offer a tokens to their users and I really find that little questionable since first they need to sustain the price of their token since if this one dump maybe this will lead to their existing and other players to lose their interest playing on those casino's.

Yes, no reason for them to put that up since they have a good running business. Maybe, in some time in the future when they really need that. It's either they go on a bankroll investment offer or token.

[milewilda]

====

Yes, you are right, everything that is about Pump and Dump is many things, there are some people who are dedicated to the detection of these signals of this type, however this is somewhat difficult when there is such an unstable market and with a high uncertainty index, because if in a given case a person dedicated to giving these signals determines a possible bomb, and if there is a market crash, the loss is inevitable, there is nothing to do there, however, when there is a project that takes place in a somewhat bearish BTC market, it is very likely to be successful, because when BTC goes up it is very possible that these tokens go up, but not by magic, those of the project have to make their hodlers fall love.

This is true or simply a fact because whenever bitcoin do make out some significant move then no matter what type of project or token it would be then there's always a probability or chance that it would
really be tagged along which is a very normal market condition or situation that do really happen and this is where people do really loves to see thats why even they dont make out some
in depth search about such project as long it do falls into the category which is something good to enter basing on technicals or even recommendations or even just because of hunch
you would definitely be buying it no matter what.It all matter on preference.

[aioc]

Casinos must be able to maintain and even improve their casinos and grow to be bigger than before and that can be run well if they are serious about the project.

I agree Owltoken has two serious scam allegations and it has a bad impact on the price of its token in the market within seven days the price drops to -16.8% I'm still running on profit but if the scams allegations are not properly addressed and there are more allegations coming the confidence of the investors will diminish.
They should do something about this by being active here and addressing the complaints and if possible do a marketing campaign again.   

[ethereumhunter]

The other efforts you're talking about, they know what they do and what's needed to be done. The token will seem to be worthless if they don't do anything with all their capacity to maximize its use and if they really need it. Those that are successful, don't need it because they have their own fund ready to cover the whole cost of their operation and other expenses that they need to do.

I'm sure the casinos know what they have to do to make sure their project can achieve what they want and won't stop after seeing their project go well. If the project does not get the attention of investors, it means that something is wrong with the project and the team will have to fix it if they are still willing to continue. That is why they must be prepared with sufficient funds to start a project, especially if it is about launching a token that will support their casino project.

I agree Owltoken has two serious scam allegations and it has a bad impact on the price of its token in the market within seven days the price drops to -16.8% I'm still running on profit but if the scams allegations are not properly addressed and there are more allegations coming the confidence of the investors will diminish.
They should do something about this by being active here and addressing the complaints and if possible do a marketing campaign again.   

Speaking of Owltoken, I don't know how the case is, but I think the team from the casino will definitely settle it well because it concerns the reputation they have built before. If the case can be finished well, their casino will get good points and vice versa, their casino will not be able to continue the project anymore because people will think further about investing in it.

[Fredomago]

====

Yes, you are right, everything that is about Pump and Dump is many things, there are some people who are dedicated to the detection of these signals of this type, however this is somewhat difficult when there is such an unstable market and with a high uncertainty index, because if in a given case a person dedicated to giving these signals determines a possible bomb, and if there is a market crash, the loss is inevitable, there is nothing to do there, however, when there is a project that takes place in a somewhat bearish BTC market, it is very likely to be successful, because when BTC goes up it is very possible that these tokens go up, but not by magic, those of the project have to make their hodlers fall love.

This is true or simply a fact because whenever bitcoin do make out some significant move then no matter what type of project or token it would be then there's always a probability or chance that it would
really be tagged along which is a very normal market condition or situation that do really happen and this is where people do really loves to see thats why even they dont make out some
in depth search about such project as long it do falls into the category which is something good to enter basing on technicals or even recommendations or even just because of hunch
you would definitely be buying it no matter what.It all matter on preference.

It matters in how the person/investor sees his own preferences. There are market movements and project developments that these people are checking before they really invest in any project. Casino token is also part of those many assets that have potential not just for long-term holding and hoping that the value will pump but also with the chance of staking the coin and wait for your holdings to increase the numbers coming from your staking rewards.

[passwordnow]

The other efforts you're talking about, they know what they do and what's needed to be done. The token will seem to be worthless if they don't do anything with all their capacity to maximize its use and if they really need it. Those that are successful, don't need it because they have their own fund ready to cover the whole cost of their operation and other expenses that they need to do.

I'm sure the casinos know what they have to do to make sure their project can achieve what they want and won't stop after seeing their project go well. If the project does not get the attention of investors, it means that something is wrong with the project and the team will have to fix it if they are still willing to continue. That is why they must be prepared with sufficient funds to start a project, especially if it is about launching a token that will support their casino project.

They should focus really on the customers and that's why they'll only seek funding and investments if they will have something to do and it's quite big.
Because that will be the big reason for investors to invest in them if they're seeing that the casino is really doing well and has a lot of active gamblers that can be seen. A casino like that will be easy on their gathering and crowdfunding and going with the thing about tokens, that could also be part of their plan or roadmap to get into tokenomics and expand there.

[Solosanz]

Still interested to invest in casino token? think twice 🚀Bitgame.com|🔥LUT Lightpaper is Launched|⚡️Crypto Betting + Weekly Divs|⚽️🎮

This casino offer LUT token and staking feature just like the rest of casino tokens, but now they're high likely failed since many crypto has been delisted on their casino and there's no update anymore, the maintenance is happen for a long time and not yet resolved.

[ethereumhunter]

Base on there previous statement, They are not willing to settle with the issue because they have proof that the user post the accusation is connected to banned account while recently Sandboxcasino post a very controversial reply about this case that cause some serious concern from forum member. There is a chance that the recent issue is one of the reason for the price dump since Owl become silent after they provide there statement.

Well, we hope they can be resolved the case soon because I am surprised that many cases occur after people deposit a large amount of money or win a large amount of money in one casino but they or that member cannot withdraw their winnings. The casino's reason is that many members who win a lot of money are cheating, even though we know some gamblers can win a lot of money from the casino. It seems this needs serious handling from the casino itself because if it is a genuine win from the member, they should not withhold their winning money but allow the member to withdraw the money.

They should focus really on the customers and that's why they'll only seek funding and investments if they will have something to do and it's quite big.
Because that will be the big reason for investors to invest in them if they're seeing that the casino is really doing well and has a lot of active gamblers that can be seen. A casino like that will be easy on their gathering and crowdfunding and going with the thing about tokens, that could also be part of their plan or roadmap to get into tokenomics and expand there.

You are right. That is why before the casinos launch their tokens to members and the market, they must prepare them well because it concerns the reputation they want to build. Do not let after the token is released, there will be problems that happen to the investors because it will be bad for the casino itself. Investors have gained a lot of experience from investing in casinos so the casino must really know what investors want and can provide good benefits for them.

[Fredomago]

You are right. That is why before the casinos launch their tokens to members and the market, they must prepare them well because it concerns the reputation they want to build. Do not let after the token is released, there will be problems that happen to the investors because it will be bad for the casino itself. Investors have gained a lot of experience from investing in casinos so the casino must really know what investors want and can provide good benefits for them.

Exactly, the developers / casino owners needs to blend with what investors are looking I mean those feature that will attract the attention of those who are in this business, Being well prepared will gain more trust and with that a possible more strong holders to work with the team, it simply dictating the direction of the asset, if the team gain enough to support the progress will continue and it will mean that in the long run the value will potentially increase.

[inthelongrun]

This is interesting. I would love to see people investing these tokens giving updates here. I am also looking into BGF and Moonbet for a while now but am still hesitant due to the current market condition. Moonbet seemed to fail or maybe they can recover but Betfury casino is doing good.

The growth of these tokens is kind of limited though. Exchanges are starting to follow strict regulations in many countries. And correct me if I am wrong, but casino tokens cannot be easily accepted since they are kind of stocks. Will governments ask them to apply the tokens to their stock exchange?

[ultrloa]

This is interesting. I would love to see people investing these tokens giving updates here. I am also looking into BGF and Moonbet for a while now but am still hesitant due to the current market condition. Moonbet seemed to fail or maybe they can recover but Betfury casino is doing good.

The growth of these tokens is kind of limited though. Exchanges are starting to follow strict regulations in many countries. And correct me if I am wrong, but casino tokens cannot be easily accepted since they are kind of stocks. Will governments ask them to apply the tokens to their stock exchange?

Drop my stocks on those tokens and I don't know if its really worth to go back since same as you I'm hesitant on the current market flow especially BFG token which drop so bad and didn't get huge volume for couple of months already. I guess I will drop the thoughts upon investing on those tokens for a while and will look only on new tokens which hype is burning thru its community since I think this is much profitable if we are careful not to get hype on those things.

[stomachgrowls]

This is interesting. I would love to see people investing these tokens giving updates here. I am also looking into BGF and Moonbet for a while now but am still hesitant due to the current market condition. Moonbet seemed to fail or maybe they can recover but Betfury casino is doing good.

The growth of these tokens is kind of limited though. Exchanges are starting to follow strict regulations in many countries. And correct me if I am wrong, but casino tokens cannot be easily accepted since they are kind of stocks. Will governments ask them to apply the tokens to their stock exchange?

Drop my stocks on those tokens and I don't know if its really worth to go back since same as you I'm hesitant on the current market flow especially BFG token which drop so bad and didn't get huge volume for couple of months already. I guess I will drop the thoughts upon investing on those tokens for a while and will look only on new tokens which hype is burning thru its community since I think this is much profitable if we are careful not to get hype on those things.

Avoid yourself in the hype but we know that if you could able to jump on a possible early hype then you would definitely make money with that but its really that risky as we all know.

Its up to someones choice if they would be investing with these casino tokens as showing some support to the platform or would just simply invest because they've seen opportunities to get in
and dont mind nor care about support or like that on a company.

As we can see that most of these coins have a bad price movement history and i dont see a point on which it would be worth on making money with these.

[rby]

This is interesting. I would love to see people investing these tokens giving updates here. I am also looking into BGF and Moonbet for a while now but am still hesitant due to the current market condition. Moonbet seemed to fail or maybe they can recover but Betfury casino is doing good.

The growth of these tokens is kind of limited though. Exchanges are starting to follow strict regulations in many countries. And correct me if I am wrong, but casino tokens cannot be easily accepted since they are kind of stocks. Will governments ask them to apply the tokens to their stock exchange?

While I am seeing great future in casino tokens but you are correct that it is not easily accepted. The nature of casinos will change with future innovations. But the most important thing is the utility or the usability. Every casino token has a community that uses it in real time and that is why it will become mainstream in the near future.
Betfury token is going good for now and still have great chmaces of maintaining it.

[fullhdpixel]

Avoid yourself in the hype but we know that if you could able to jump on a possible early hype then you would definitely make money with that but its really that risky as we all know.

Its up to someones choice if they would be investing with these casino tokens as showing some support to the platform or would just simply invest because they've seen opportunities to get in
and dont mind nor care about support or like that on a company.

As we can see that most of these coins have a bad price movement history and i dont see a point on which it would be worth on making money with these.

I think what he said there is confusing. Not sure if he is into hypes or not but I am with you. Hypes are bad because once it dies, then it's game over. I don't think there is a hype when it comes to these casino owned tokens so it's pretty safe to get them while their price is still low due to the bears.

Some of the coins like bfg is much older but if this is one of those you said which has a bad history then we can skip it for a while but pick those who have a better price history or we can also go with moonbet and similar new casino tokens because they might still have a big potential since they are still starting and the casino is still promoting them heavily.

[iv4n]

This is interesting. I would love to see people investing these tokens giving updates here. I am also looking into BGF and Moonbet for a while now but am still hesitant due to the current market condition. Moonbet seemed to fail or maybe they can recover but Betfury casino is doing good.

The growth of these tokens is kind of limited though. Exchanges are starting to follow strict regulations in many countries. And correct me if I am wrong, but casino tokens cannot be easily accepted since they are kind of stocks. Will governments ask them to apply the tokens to their stock exchange?

Drop my stocks on those tokens and I don't know if its really worth to go back since same as you I'm hesitant on the current market flow especially BFG token which drop so bad and didn't get huge volume for couple of months already. I guess I will drop the thoughts upon investing on those tokens for a while and will look only on new tokens which hype is burning thru its community since I think this is much profitable if we are careful not to get hype on those things.

Avoid yourself in the hype but we know that if you could able to jump on a possible early hype then you would definitely make money with that but its really that risky as we all know.

Its up to someones choice if they would be investing with these casino tokens as showing some support to the platform or would just simply invest because they've seen opportunities to get in
and dont mind nor care about support or like that on a company.

As we can see that most of these coins have a bad price movement history and i dont see a point on which it would be worth on making money with these.

Why invest when you can mine them? You can simply play your favorite games and get the house tokens for wagering! Every day you will get some portions of other coins like BTC, ETH, TRX, BNB, and others... I feel like all of you have some short terms ideas when it comes to staking some casino tokens.

The reason why most of these tokens had a bad price movement is simple to understand, the price, in the beginning, was high, when whales started dumping their tokens the price had to drop! But if you check charts of some house tokens you will see they are holding pretty well in this bear market!