Investing in Casino tokens such as BFG, OWL or TFS

[erep]

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.

The limited utility factor is only for gambling fans, so non-gamblers cannot take advantage of the utility of using gambling tokens other than expecting significant increases such as moonbet prices on the Bitmart exchange. Although BFG is better than Moonbet but technically the market is that Moonbet can reach high prices easily under certain conditions.

[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.

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!

Most people or gambler are aware about getting those tokens or able to mine via playing or wagering but we know that you wouldnt really get that much in terms of amount unless if you are a big

wager or a whale then earning these things wont be a problem but if you are just small time then accumulating would really be lot slower or something seems like there's not much.

Even if we do talk about real use case then it would really be just good in one point and thats why it cant really just get that much support and i agree on what you had
said about whales been dumping which it isnt really that surprising because everything could really be applied on this one.

[capedbaldy]

All these token can go a long way if they are maintained and have good features and utility. One thing I have known in the crypto market is hype which has helped so many coin projects in the market include the Doge coin that Elon Must used to support. Good support and promote is very important and is what make those trending tokens to be known in the crypto market.

If tokens are developed good utilities are very likely to reach high prices, but get hype they must be unique compared to tokens from other casinos, they should prioritize token holder profits from gambling utilities and provide benefits to the casino platform. If the method is implemented in a casino project then the project will get the support of many gamblers and the crypto community.

[Daltonik]

BFG tokens have a burning mechanism, although of course it does not exert much pressure on the price in the current period, but in the long term and in the case of a successful listing, it may be more profitable for investors, in my opinion.

[Fredomago]

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.

The limited utility factor is only for gambling fans, so non-gamblers cannot take advantage of the utility of using gambling tokens other than expecting significant increases such as moonbet prices on the Bitmart exchange. Although BFG is better than Moonbet but technically the market is that Moonbet can reach high prices easily under certain conditions.

The competition is a good sign for both projects. Developers will aim to move forward and to get an edge against other competitors who also offered the same functions, not just with the tokens but also from the actual business. Gamblers will be the benefactors, as the team will continue to find attractive ways to offer to bring more players to use the platforms.

From that situation, the token will be known more and if a good approach takes place, potential investors are just around. Some might be the actual gamblers and some are those who are doing their research and sorting which assets do offer passive interest.

[LUCKMCFLY]

I have been reading the Ann de Betfury thread very actively where there is talk about the possible listing on Binance, and I think that this is how it reaches that stage is because they are doing things very well, of course everything is in the sense of speculation, I do not know if the devs really want to do it, but because these things bring more progress in the project they should be listed and if they succeed I think it would be a very useful token and apart from that it would be moving two types of markets, the first is the gambling market which, is not bad at all, and secondly, he would be getting much more into the world of market speculation and investment.

It's hard to believe. I never seen the gambling token was getting listed on binance. It must be a rumour but im feeling doubt if that will be real. If the dev can do that and there will be a massive hype for betfury but again the big question is whether binance wanna try to accept the gambling token to be listed on its exchange site or not. This needs to be proven even further. The dev need at least to send an application to the binance and see what will be their response.
I never saw any gambling tokens listed on the big exchange site

Yes, this sounds like something very good, however I have also been reading the thread on Betfury and there are many conflicting opinions that they do not think or are not excited about entering Binance, they really do not see it as relevant, but I do, in my case a casino token if it reaches Binance, it is obvious that it will be taken much more seriously due to the number of whales that there are, in fact in a privacy project that did not happen, the project went down, and I think that if they succeed something like this is likely that the Betfury Name will be much more recognized and acquire more whales, at the moment they start to investigate the token and know that it comes from a casino it will give them much more confidence for the investment, that is how I see it me.

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.

The limited utility factor is only for gambling fans, so non-gamblers cannot take advantage of the utility of using gambling tokens other than expecting significant increases such as moonbet prices on the Bitmart exchange. Although BFG is better than Moonbet but technically the market is that Moonbet can reach high prices easily under certain conditions.

The competition is a good sign for both projects. Developers will aim to move forward and to get an edge against other competitors who also offered the same functions, not just with the tokens but also from the actual business. Gamblers will be the benefactors, as the team will continue to find attractive ways to offer to bring more players to use the platforms.

From that situation, the token will be known more and if a good approach takes place, potential investors are just around. Some might be the actual gamblers and some are those who are doing their research and sorting which assets do offer passive interest.

That's right my friend, I don't know if you remember but in 2017 there were a lot of projects that were spread in all the cryptocurrency social networks, of course some were under the ugly name of the Icos, but once a project was given it was Inflows of money for investors in a great way, now all that has been reduced thanks to the bad actions of many at that time that marked many and despite the fact that many won, another large number lost a lot of money, now that we see these tokens of the casinos that have come out is a great opportunity to believe again, I have seen that soccer team tokens have come out and from 1usd they have gone to 4-5 dollars in a short time, so these tokens can have a very good future if they do things right.

[Hamphser]

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.

Hope you know that most of the casino token is not well understand and know. And especially be recognized to other casino gambling websites. So i understand that casino have more competition than some cryptocurrency altcoins token, because some the altcoins is not be valuable and you can not swamp it to any coin, so altcoins are like that. I understand that casino game is in group depending on the power and how advert of the platform team promotion

Most gambling platforms doesnt really make out hard advertisement when it comes into their token because they do know that it would really be just good for it to be used into their own platform nothingless.

They might do make out some announcement but mostly this isnt for the sake of funding the site but rather adding up some functionality or giving out options that they could able to make use on the platform itself.
It is one someones choice whether they would be putting some attention or emphasis on investing with these type of coins.

[Taskford]

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.

Hope you know that most of the casino token is not well understand and know. And especially be recognized to other casino gambling websites. So i understand that casino have more competition than some cryptocurrency altcoins token, because some the altcoins is not be valuable and you can not swamp it to any coin, so altcoins are like that. I understand that casino game is in group depending on the power and how advert of the platform team promotion

Most gambling platforms doesnt really make out hard advertisement when it comes into their token because they do know that it would really be just good for it to be used into their own platform nothingless.

They might do make out some announcement but mostly this isnt for the sake of funding the site but rather adding up some functionality or giving out options that they could able to make use on the platform itself.
It is one someones choice whether they would be putting some attention or emphasis on investing with these type of coins.

But if you see the current status of casino tokens most of them are not in good shape so maybe this tokens is really out created just to have fundings to their casino and most of them rely on their casino reputation. If they don't have plan to advertise which we mostly see then we can say that they really not good to hold since for sure the progress of those tokens will delay. I would rather be careful investing on this and casino token investments is not for short tempered person because provably it takes time before we can see the result on it.

[CPNpr]

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.

Some casino side with token but gambling is possible and some want to edit instead of token to gamble there which has more facilities I think but besides that we are much better

[gunhell16]

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?!

 

Right now, if you look at the percentages on their platforms, they have dropped even more, like when owl used to be at 43%, now they have dropped to 37% if I'm not mistaken, and when it comes to the volume they accumulate in every day its volume is almost indistinguishable from BFG. When it comes to the question of whether it is good to invest in them, my answer to that is that it is always up to you. But for me, if I'm a believer in BFG and OWL, I always want to invest there because first, it's okay no matter what the volume in the market is, then its price is low compared to when it was high, so it's good to hold it for the long term even anyway, just for my own opinion and understanding.

[LUCKMCFLY]

Gambling platform tokens have not flourish well so far. Betfury is relatively old project, but little progress has been made on it. However, developers efforts are ongoing. They plan to list on better exchanges in future. Owl Games is one another gambling platform which is in a much better position. They are constantly developing. Even it is a new project, there is a high possibility of getting success.

The value of the token/coin depends on its usage. Not only the casino platform but the developer should increase the demand for tokens. And along with that should be listed in good exchange. I think currently casino players are increasing but coin prices are not changing accordingly.

Because we are in a bear market, if you checked the price, on Owl token you are more than 400% profit if you've invested 10 months ago on BFG the price is also performing good in the market and even if the price is moving you can stake these coins and earn profit from staking, casino based token its one of the type of coins worth investing, they have the platform they have the community and they have dedicated developers all the things that you're looking for on a coin.

Yes, this is a way to be able to see the benefits that these casinos offer with their own coins and it is something that should be recognized, in fact I have spoken with many friends, where I tell them about these coins or tokens but before buying, because they want to buy because they want to earn money, I let them know the risk they run there, and by telling them that at the time they make their investment in these coins or tokens they have to know or think that they should not expect quick profits, and that they can only put that money that they are willing to lose in its entirety, in fact that is what I was talking about today with a friend who wanted to invest and in turn buy a trading bot.

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?!

 

Right now, if you look at the percentages on their platforms, they have dropped even more, like when owl used to be at 43%, now they have dropped to 37% if I'm not mistaken, and when it comes to the volume they accumulate in every day its volume is almost indistinguishable from BFG. When it comes to the question of whether it is good to invest in them, my answer to that is that it is always up to you. But for me, if I'm a believer in BFG and OWL, I always want to invest there because first, it's okay no matter what the volume in the market is, then its price is low compared to when it was high, so it's good to hold it for the long term even anyway, just for my own opinion and understanding.

Well, you are right about that, it has gone down a lot, but it is already as you have decided, there are many people who buy with the hope that it will go up and it is not a bad idea, in fact it is a smart idea to be a good investor, there is a great possibility that when the price of BTC goes up these tokens have a big rise, in fact I think one of the reasons why it's smart to do it is because lately this is a good time to do this type of investment, the price of BTC is relatively low , at the time these tokens go up and up, a good x3 x4 may go up, which is what can easily be seen, but it is not something completely safe, the risk that exists is that, but each person thinks and chooses the best way to put your money and these tokens have a big advantage, they are from casinos.

[bittick]

BFG tokens have a burning mechanism, although of course it does not exert much pressure on the price in the current period, but in the long term and in the case of a successful listing, it may be more profitable for investors, in my opinion.

Listing in bigger exchange site means more demand to come although if the whales didn't even actively using the platforms as mostly of traders may focus for doing future trade rather than use tokens on its platforms but this can also push the price to go even higher. Burning mechanism would be very profitable if there would be huge amounts of tokens being burned regularly. That depends on how much revenue from the gambling site itself.

[Docnaster]

Right now, if you look at the percentages on their platforms, they have dropped even more, like when owl used to be at 43%, now they have dropped to 37% if I'm not mistaken, and when it comes to the volume they accumulate in every day its volume is almost indistinguishable from BFG.

What do you think is the reason for the percentage drop? Could it be because Owl paused their campaign for sometime and the people they pay through their token no longer patronise the token and making the utility to drop? If it is because of that, since they started their campaign again can it grow back?
Op when it comes to investment is it always dyor. For my personal opinion there is future in casino coins, also check out betfury token.

[delfastTions]

Right now, if you look at the percentages on their platforms, they have dropped even more, like when owl used to be at 43%, now they have dropped to 37% if I'm not mistaken, and when it comes to the volume they accumulate in every day its volume is almost indistinguishable from BFG.

What do you think is the reason for the percentage drop? Could it be because Owl paused their campaign for sometime and the people they pay through their token no longer patronise the token and making the utility to drop? If it is because of that, since they started their campaign again can it grow back?
Op when it comes to investment is it always dyor. For my personal opinion there is future in casino coins, also check out betfury token.

I think that gaming platform tokens certainly have a future. 

It is also worth noting that the pricing processes of such tokens can be quite large and many people do not have the necessary patience and do not quite understand in advance how events will develop.  We all know that bitcoin has sharp rises in price about once every 3-4 years.  But any tokens, including gaming ones, are also in a similar trend. 
As for the percentages, as long as they fluctuate between 35-45... it doesn't really matter.  In short, we are all waiting for the Bitcoin bull market. 
And everything will be fine with tokens.

[Fredomago]

Right now, if you look at the percentages on their platforms, they have dropped even more, like when owl used to be at 43%, now they have dropped to 37% if I'm not mistaken, and when it comes to the volume they accumulate in every day its volume is almost indistinguishable from BFG.

What do you think is the reason for the percentage drop? Could it be because Owl paused their campaign for sometime and the people they pay through their token no longer patronise the token and making the utility to drop? If it is because of that, since they started their campaign again can it grow back?
Op when it comes to investment is it always dyor. For my personal opinion there is future in casino coins, also check out betfury token.

I think that gaming platform tokens certainly have a future. 

It is also worth noting that the pricing processes of such tokens can be quite large and many people do not have the necessary patience and do not quite understand in advance how events will develop.  We all know that bitcoin has sharp rises in price about once every 3-4 years.  But any tokens, including gaming ones, are also in a similar trend. 
As for the percentages, as long as they fluctuate between 35-45... it doesn't really matter.  In short, we are all waiting for the Bitcoin bull market. 
And everything will be fine with tokens.

Most of the time, when Bull starts to hype the market, everything will go along. Established usages will give those assets a good chance to experience good bounce. You really need long patience to stay calm even you see the market fluctuate and it's against to your buying position. The time will come when the project will give a very decent amount of benefits.

Try to do more research and follow all the achievements and development of all those coins that you think will bring a decent amount of benefits.

[RapTarX]

I would say these are very risky investments. I haven't seen any good coin/token of any casino which survived in the long run. I can't remember the name; there was a casino with such token back in the day which doesn't exist now despite the casino being a popular one.
If you are interested in these coins/tokens by watching their recent pump;l FYI, these coins/token prices are very much manipulated by the team as the circulating supply is very low. It's a scheme to make the owner rich; nothing else TBH.
I would strongly advise staying away from these shits.

[blockman]

Listing in bigger exchange site means more demand to come although if the whales didn't even actively using the platforms as mostly of traders may focus for doing future trade rather than use tokens on its platforms but this can also push the price to go even higher. Burning mechanism would be very profitable if there would be huge amounts of tokens being burned regularly. That depends on how much revenue from the gambling site itself.

Most likely that's what is happening to the casino tokens, they're more for the trades rather than their use cases. Traders will see the potential of it and will go for the trade and then do whatever is necessary next. But to those that are holding for a reason, it's all about the use case and expects that most of the traders of it won't think of any other thing but just to trade it as long as it has a huge volume made by the investors and traders of it.

[iv4n]

BFG tokens have a burning mechanism, although of course it does not exert much pressure on the price in the current period, but in the long term and in the case of a successful listing, it may be more profitable for investors, in my opinion.

Listing in bigger exchange site means more demand to come although if the whales didn't even actively using the platforms as mostly of traders may focus for doing future trade rather than use tokens on its platforms but this can also push the price to go even higher. Burning mechanism would be very profitable if there would be huge amounts of tokens being burned regularly. That depends on how much revenue from the gambling site itself.

Listing, listing, listing... I guess in this gambling-related thread we have more traders than gamblers! Nothing strange, in the ANN threads of casinos with dividends people talk more about listing than about gambling as well. I used trader term for a reason, because most of the traders just look for a way "to get in and out" with profit, while investors would invest in some token and hold it for dividends payouts for some time!

I would say these are very risky investments. I haven't seen any good coin/token of any casino which survived in the long run. I can't remember the name; there was a casino with such token back in the day which doesn't exist now despite the casino being a popular one.
If you are interested in these coins/tokens by watching their recent pump;l FYI, these coins/token prices are very much manipulated by the team as the circulating supply is very low. It's a scheme to make the owner rich; nothing else TBH.
I would strongly advise staying away from these shits.

Profit-sharing casinos are fine, it's something new for all of us! You are right, I have seen some really bad projects in the past, but I think that some of the casinos with dividends are good for now, some of the are around for +2 years... and I think they are here to stay! Simply they are growing all the time, their popularity is growing, these casinos are better and better in every way, more games, more features, all that developing should mean something.

[rby]

I would say these are very risky investments. I haven't seen any good coin/token of any casino which survived in the long run. I can't remember the name; there was a casino with such token back in the day which doesn't exist now despite the casino being a popular one.
If you are interested in these coins/tokens by watching their recent pump;l FYI, these coins/token prices are very much manipulated by the team as the circulating supply is very low. It's a scheme to make the owner rich; nothing else TBH.
I would strongly advise staying away from these shits.

There is hardly any good coin apart from king bitcoin, Ethereum, BNB and few other coins that is long term. If you can remember so well, the coins that were blooming in 2020, most of them are no more today. It is not easy to have a long term coin. But for the time being, this casino tokens are doing well if given the duration of 2yrs or less.
Those casino tokens you say you don't see again, are their companies still functioning or the company winded up as such the token?

[Hamphser]

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.

Hope you know that most of the casino token is not well understand and know. And especially be recognized to other casino gambling websites. So i understand that casino have more competition than some cryptocurrency altcoins token, because some the altcoins is not be valuable and you can not swamp it to any coin, so altcoins are like that. I understand that casino game is in group depending on the power and how advert of the platform team promotion

Most gambling platforms doesnt really make out hard advertisement when it comes into their token because they do know that it would really be just good for it to be used into their own platform nothingless.

They might do make out some announcement but mostly this isnt for the sake of funding the site but rather adding up some functionality or giving out options that they could able to make use on the platform itself.
It is one someones choice whether they would be putting some attention or emphasis on investing with these type of coins.

But if you see the current status of casino tokens most of them are not in good shape so maybe this tokens is really out created just to have fundings to their casino and most of them rely on their casino reputation. If they don't have plan to advertise which we mostly see then we can say that they really not good to hold since for sure the progress of those tokens will delay. I would rather be careful investing on this and casino token investments is not for short tempered person because provably it takes time before we can see the result on it.

Or wont really be increasing at all despite of long time running or existing kind of coin because if we do really tend to look at into its utility then there's no other usage but rather on the platform only which means

that it would really be just only good for that part and possible investors  wont really be seeing this to be an interesting thing for them to make out investment decisions.If we do compare their current price
into its ATH then it is almost on the floor and this is why some people do say that it isnt really moving that much or not affected with market trend is that its price is already on the floor
which it would really be that understandable that they arent making such movement.