Investing in Casino tokens such as BFG, OWL or TFS

[Fortify]

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?!

 

Honestly anyone who invests in these should expect to lose all their money. There is nothing particularly unique or special about these coins, it is somewhat similar to buying clothing in games - once that game loses all popularity that money you put into it is no longer worth anything. Much like the NFT craze, a lot of money can pour in and one day it will all come tumbling down without any logical reason. There is really little reason for these additional cookie cutter cryptocoins and the only people benefiting are the owners of the casinos who get an extra source of advertising with very little risk involved, in fact they might benefit in other ways as you've described the irrational hype pushing up the values.

[robelneo]

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?!

 

Honestly anyone who invests in these should expect to lose all their money. There is nothing particularly unique or special about these coins, it is somewhat similar to buying clothing in games - once that game loses all popularity that money you put into it is no longer worth anything. Much like the NFT craze, a lot of money can pour in and one day it will all come tumbling down without any logical reason. There is really little reason for these additional cookie cutter cryptocoins and the only people benefiting are the owners of the casinos who get an extra source of advertising with very little risk involved, in fact they might benefit in other ways as you've described the irrational hype pushing up the values.

The probability of going down on these coins is always there but with the exception of the top coins in the market majority of the coins in the market have suffered from dipping and dumps but so far these casino-based tokens are doing great in the market, I can trust tokens with a platform, usability, and community and so far all these casino based tokens have all these.
Price is stable I see Owntoken just launched their signature campaign and Betfury planning to launch another one, these two tokens are still worth investing.

[danadc]

The thread has many points of view that are good, and some people are not so risky when it comes to investment, they only make sure to buy when it is very safe, that's fine, but I am one of the people who take risks, and if I lose, then or I stop what I lose, it's not like I'll post everything, but at this point a person already knows what is good and bad, what they can risk or not, so if they bet on these tokens they know the dangers.

[coin-investor]

The thread has many points of view that are good, and some people are not so risky when it comes to investment, they only make sure to buy when it is very safe, that's fine, but I am one of the people who take risks, and if I lose, then or I stop what I lose, it's not like I'll post everything, but at this point a person already knows what is good and bad, what they can risk or not, so if they bet on these tokens they know the dangers.

There are risks on all the coins in the market, one, because of market, industry, and economic condition, two, on the trust of investors of the project if they cannot keep up with the development plan that they laid out, market condition and industry condition can change but when the coin you've invested is neglected even if the market is good you have to dump or leave it, so always check or monitor the project where you put your money in.

[goldkingcoiner]

• 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?

Although I am not too certain what is behind the price rise in OWL, I suspect it could be artificial price pumping from the side of the OWLdao team. The reason for this speculation is because their token was very limited when it came to actually selling it.

I worked in a signature bounty campaign where they paid part of my reward in BTC and part in OWL. I did not see OWL fall in price after the tokens were distributed even though the market cap was relatively small. So what happened?

Well, I found it extremely difficult to find a way to sell the OWL tokens at an exchange with enough liquidity. The other option was signing up on some KYC exchange that I did not know about. I was not about to send some unknown exchange I have never heard of my personal information, so I kept waiting for a higher liquidity at the DEX where it was also listed. That liquidity never came so selling was not an option.

I might be wrong but I think thats why its not falling. Because they have made their token annoying hard to swap/trade.

[blockman]

The thread has many points of view that are good, and some people are not so risky when it comes to investment, they only make sure to buy when it is very safe, that's fine, but I am one of the people who take risks, and if I lose, then or I stop what I lose, it's not like I'll post everything, but at this point a person already knows what is good and bad, what they can risk or not, so if they bet on these tokens they know the dangers.

Risk is always there and not just on casino tokens, as long as you know the background of that casino and you see that they're doing good. The risk will be minimal to you if you DYOR.
But at the same time, the volatility of the value of these tokens is also market dependent and you can't do anything with it if a whale dumps all at once or someone has to pump it. They're prone also to those things the same goes with the conventional cryptocurrencies.

[erep]

Risk is always there and not just on casino tokens, as long as you know the background of that casino and you see that they're doing good. The risk will be minimal to you if you DYOR.
But at the same time, the volatility of the value of these tokens is also market dependent and you can't do anything with it if a whale dumps all at once or someone has to pump it. They're prone also to those things the same goes with the conventional cryptocurrencies.

If you consider the risk, casino tokens are riskier than conventional cryptocurrencies because token holders are more gamblers than any other crypto community, trading volume is low and volatility doesn't always depend on the market because when the market increases there is no guarantee that the casino token will also increase. DYOR
So I am not interested in investing in casino tokens but you do have the option of investing in casino tokens but please be aware of the risks before investing in anything other than top coins.

[coupable]

Like the rest of the alternative cryptocurrencies, the success of the currencies that gambling platforms may produce to support themselves is related to the success of the platform itself and the extent of users' demand for it, and not like the rest of the currencies whose value is only related to the volume of its trading on the trading platforms.
What really surprised me about these coins is that there are not many platforms that have their own coins. Even during the last years when cryptocurrency was in its heyday, we haven't seen many coins associated with gambling platforms. Honestly, I am curious to know the real reasons behind this .

[AmoreJaz]

Like the rest of the alternative cryptocurrencies, the success of the currencies that gambling platforms may produce to support themselves is related to the success of the platform itself and the extent of users' demand for it, and not like the rest of the currencies whose value is only related to the volume of its trading on the trading platforms.
What really surprised me about these coins is that there are not many platforms that have their own coins. Even during the last years when cryptocurrency was in its heyday, we haven't seen many coins associated with gambling platforms. Honestly, I am curious to know the real reasons behind this .

maybe because some of these casinos have no interest in creating their own coin. just plain and simple. as there are so many alts now aside from btc that they can integrate in their payment system, there's no reason for them to create their own anymore. because it will be another burden for them to market and take care of the developments of their own coin. as we have seen, very few achieved some sort of success deploying their own casino coin/token.

[n0ne]

Investing into cryptocurrency is risk, and with these gambling based tokens will be little more riskier. If a token have been backed with a minimum viable product, then one can invest without fear. We can't find this with every project. Some used to just tokenise the service and hype the project. The end result will be a price bumping and later within small time period the same drops back.

[len01]

i never thought about investing in gambling tokens all this time. because investing in gambling tokens for the long term has a very high risk compared to other coins that already have a good track record for the long term. and there are some tokens from gambling as well that used to exist and are now gone from the market and have no price anymore.
many also think that investing in gambling tokens can make you rich in the future assuming that as long as the gambling project is still standing, the tokens will pump in bearish times in the coming year. but such an assumption to me is not true

[ethereumhunter]

If you consider the risk, casino tokens are riskier than conventional cryptocurrencies because token holders are more gamblers than any other crypto community, trading volume is low and volatility doesn't always depend on the market because when the market increases there is no guarantee that the casino token will also increase. DYOR
So I am not interested in investing in casino tokens but you do have the option of investing in casino tokens but please be aware of the risks before investing in anything other than top coins.

I think it has a point because if casino tokens can't compete with other casino tokens, their tokens are meaningless and cannot be sold at high prices, especially if the casino tokens are obtained from playing some gambling games that can give them more losses.

I prefer to invest in that casino without having to invest using their tokens because I see it will provide an opportunity to generate profits in the future. But it's up to each, and they have to consider the risks before deciding.

[AmoreJaz]

If you consider the risk, casino tokens are riskier than conventional cryptocurrencies because token holders are more gamblers than any other crypto community, trading volume is low and volatility doesn't always depend on the market because when the market increases there is no guarantee that the casino token will also increase. DYOR
So I am not interested in investing in casino tokens but you do have the option of investing in casino tokens but please be aware of the risks before investing in anything other than top coins.

I think it has a point because if casino tokens can't compete with other casino tokens, their tokens are meaningless and cannot be sold at high prices, especially if the casino tokens are obtained from playing some gambling games that can give them more losses.

I prefer to invest in that casino without having to invest using their tokens because I see it will provide an opportunity to generate profits in the future. But it's up to each, and they have to consider the risks before deciding.

in my opinion, it is best to invest in a casino token if you are a loyal patron of the casino itself. because you will be updated on what's going on and what other promos the casino are offering if you are a token holder. because there are some incentives if you are a holder and that's what you will get as rewards of holding their token, not only for possible trading but other features such as staking or other bonus programs. but as i said, would be better if you are also an active gambler on their casino as you can maybe make the most of being a holder.

[ethereumhunter]

in my opinion, it is best to invest in a casino token if you are a loyal patron of the casino itself. because you will be updated on what's going on and what other promos the casino are offering if you are a token holder. because there are some incentives if you are a holder and that's what you will get as rewards of holding their token, not only for possible trading but other features such as staking or other bonus programs. but as i said, would be better if you are also an active gambler on their casino as you can maybe make the most of being a holder.

I think it can work if the casinos keep trying to provide the latest updates regarding their projects in the token field and always put the satisfaction of members or investors first. Casinos can reward holding their tokens but investors should also pay attention to whether it will be worth it or not, especially if the tokens have not been released in the market, because of what investors will get if only holding the tokens. I agree with being an active gambler because it can provide other benefits for us, not just being their token holder if they want to give loyalty bonuses to their active gamblers.

I want to ask why is it that does casino tokens that cannot be sold out why is it given to people since they know that the casino tokomi is not relevant to the person they are issuing to. That is the thing I do talk about when you looking at it you know that it is another way of scamming people to but nobody will understand such you know quite well that you're talking is irrelevant to the market and therefore you can exchange it it will take sometimes so why are they giving it to people so where will they exchange it

I think the casinos must have a plan before they launch their token program and we'd better wait for further notification from the team. If the casino is reputable, it will not try to deceive people. Giving tokens as part of the incentive or in the form of bonuses to its active members will hopefully help the casino get more new members. Thus, members can get benefits other than just playing gambling and later selling it on the market once the casino can achieve its plan step by step. So be patient to wait for it and enjoy your time playing gambling there.

[TribalBob]

If you consider the risk, casino tokens are riskier than conventional cryptocurrencies because token holders are more gamblers than any other crypto community, trading volume is low and volatility doesn't always depend on the market because when the market increases there is no guarantee that the casino token will also increase. DYOR
So I am not interested in investing in casino tokens but you do have the option of investing in casino tokens but please be aware of the risks before investing in anything other than top coins.

I think it has a point because if casino tokens can't compete with other casino tokens, their tokens are meaningless and cannot be sold at high prices, especially if the casino tokens are obtained from playing some gambling games that can give them more losses.

I prefer to invest in that casino without having to invest using their tokens because I see it will provide an opportunity to generate profits in the future. But it's up to each, and they have to consider the risks before deciding.

I want to ask why is it that does casino tokens that cannot be sold out why is it given to people since they know that the casino tokomi is not relevant to the person they are issuing to. That is the thing I do talk about when you looking at it you know that it is another way of scamming people to but nobody will understand such you know quite well that you're talking is irrelevant to the market and therefore you can exchange it it will take sometimes so why are they giving it to people so where will they exchange it

they will exchange on gambling sites that offer these coins I think, or make p2p transactions to active players on the coin platform,
and it's also possible that every casino that has a token will definitely have an end goal for the token, and eventually there will be an exchange,

[Eternad]

If you consider the risk, casino tokens are riskier than conventional cryptocurrencies because token holders are more gamblers than any other crypto community, trading volume is low and volatility doesn't always depend on the market because when the market increases there is no guarantee that the casino token will also increase. DYOR
So I am not interested in investing in casino tokens but you do have the option of investing in casino tokens but please be aware of the risks before investing in anything other than top coins.

I think it has a point because if casino tokens can't compete with other casino tokens, their tokens are meaningless and cannot be sold at high prices, especially if the casino tokens are obtained from playing some gambling games that can give them more losses.

I prefer to invest in that casino without having to invest using their tokens because I see it will provide an opportunity to generate profits in the future. But it's up to each, and they have to consider the risks before deciding.

I want to ask why is it that does casino tokens that cannot be sold out why is it given to people since they know that the casino tokomi is not relevant to the person they are issuing to. That is the thing I do talk about when you looking at it you know that it is another way of scamming people to but nobody will understand such you know quite well that you're talking is irrelevant to the market and therefore you can exchange it it will take sometimes so why are they giving it to people so where will they exchange it

they will exchange on gambling sites that offer these coins I think, or make p2p transactions to active players on the coin platform,
and it's also possible that every casino that has a token will definitely have an end goal for the token, and eventually there will be an exchange,

Typical casino tokens can be trade on exchange and only few casino token don’t have any exchange because they are for sale instead you can just mine there tokens through playing in the casino. They will just send dividends to all token holders and this is the only feature of these type of casino tokens. They are not scam but rather it’s design is just for dividend distribution purposes only. Casino token doesn’t have an end goal to list on exchange because token utility is the top priority rather than its listing.

[Hamza2424]

The choice is in our own hands that what we make it, investment in the Casino tokens is seems like good while some promotional events on going excwpt for that i dont see the high level utility of the Casino tokens. Aa investment gets sustainable by the Utility of the project. How far it impact the ecosystem of the project. So its on the Risk.

[LUCKMCFLY]

====

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.

Yes, in fact at this time it is very difficult for me to determine what can happen in the market, there are many things that can happen in relation to the market, for me everything has to do with Btc, it cannot make tokens or any other type of currency if the btc is doing poorly, or is in a bearish trend, but particularly at the moment for me the market can go down if the war breaks out between China and Taiwan, this is a fact if the problems occur or become more complicated, USA it could take action if things are not resolved quickly, since some fundamental issues such as covid-19 are no longer so relevant, I think that everything happens according to what the world is waiting for to happen with the dollar, the possible fall what they are waiting for, for this reason is that each person is responsible for their own investment decisions.

The choice is in our own hands that what we make it, investment in the Casino tokens is seems like good while some promotional events on going excwpt for that i dont see the high level utility of the Casino tokens. Aa investment gets sustainable by the Utility of the project. How far it impact the ecosystem of the project. So its on the Risk.

I think that in any investment of tokens or altcoins there will always be an apparent risk, everything depends on the person assuming that risk, on the other hand everything is subject to what Bitcoin does in its respective movements, right now it is at $21.54k but everything it is that the person who invests has patience that can wait as long as necessary until obtaining good profits, if he does so he would be doing a great deal, otherwise he would be risking his money in the short term, because if the price is very low what he bought, it is useless to withdraw it at a loss, because it is not worth it, whoever has an investor's mind knows very well that he has to stick to that simple rule.

[erep]

Typical casino tokens can be trade on exchange and only few casino token don’t have any exchange because they are for sale instead you can just mine there tokens through playing in the casino. They will just send dividends to all token holders and this is the only feature of these type of casino tokens. They are not scam but rather it’s design is just for dividend distribution purposes only. Casino token doesn’t have an end goal to list on exchange because token utility is the top priority rather than its listing.

Most casino tokens can be traded on exchanges and some casino coins are listed on CMC, casino platforms have different whitepapers for token utility including for dividend distribution or the tokens are used to unlock casino exclusive features thus encouraging gamblers to have casino tokens. However popular crypto based casinos have not released tokens to support the growth of gambling coins in the crypto community, popular casinos have large investors and solid partners so there is potential to increase the market capitalization for gambling coins and can reach the top 20 CMC rank of all other coin lists.

[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.

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.

Those of us who have been interested in cryptocurrencies for a long time, I think, are already used to the fact that the Bull can be expected for several years.  And the whole history of crypto market cycles shows that you have to wait a year, two, three or even 4, but no more. 
But apparently those who are new to tokens and crypto markets don't have that kind of patience and may find it hard to keep tokens for that long.  But if they listen to the advice of senior comrades, then in the end they will be left with a serious profit. 
The main thing is not to make impulsive sales.  Game tokens are a pretty good long-term investment.