Investing in Casino tokens such as BFG, OWL or TFS

[the rise]

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.

agree with your opinion but only quality projects with a long time stay alive, as I experienced I have tried it several times but the project dies not even reach 1 year, that's why if I get enough profit I will immediately sell it and when you lose 25% also immediately sell it

[mak013]

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

Investing in cryptocurrencies, even in ETH or BTC, carries a high risk, and investing in some tokens is much more risky. Gambling tokens for investment look just like any other token with an idea - you can make huge profits, but only with the right token at the right time. And I can't say that we are talking about investments - in the long run, the price basically swings and drops and no one knows what result can be obtained in 1/2/5 years, it depends on the market as well as on the project.

[Adbitco]

Gambling tokens for investment look just like any other token with an idea - you can make huge profits, but only with the right token at the right time.

Due to many analysis gambling token have prospect compared to other tokens, do you know that in gambling there is always continuous program and development in as much the gambling site is still active and functional, there would be very large chance for token to worth more than any other dumped project out there, so it can't be compared to shitcoin and even many projects lack structures and basic developments. Must coin have been delisted due to inability to meetup market/exchange requirements.
In OWL i think there is a buyback mechanism which is set for the coin to be more valuable in time to come.

[Fredomago]

agree with your opinion but only quality projects with a long time stay alive, as I experienced I have tried it several times but the project dies not even reach 1 year, that's why if I get enough profit I will immediately sell it and when you lose 25% also immediately sell it

That's another kind of strategy and if you see it works with your investment better to keep it or try to enhance more, you can try to play with the target both buy and sell position. It's more about how you see the future of your asset and the time frame that you think it will rise up. There's long and short position and that kind of decision must be according to how you fully understand the market.

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

Investing in cryptocurrencies, even in ETH or BTC, carries a high risk, and investing in some tokens is much more risky. Gambling tokens for investment look just like any other token with an idea - you can make huge profits, but only with the right token at the right time. And I can't say that we are talking about investments - in the long run, the price basically swings and drops and no one knows what result can be obtained in 1/2/5 years, it depends on the market as well as on the project.

Correct! everything carries the load of risking your money, it's not easy but it's doable when you know what project to invest, same deal with casino tokens you are also risking your money in trusting the future of their token, most of the time investors rely with how the developers delivers progress and how they met each time frame from their projected development.

[mak013]

Gambling tokens for investment look just like any other token with an idea - you can make huge profits, but only with the right token at the right time.

Due to many analysis gambling token have prospect compared to other tokens, do you know that in gambling there is always continuous program and development in as much the gambling site is still active and functional, there would be very large chance for token to worth more than any other dumped project out there, so it can't be compared to shitcoin and even many projects lack structures and basic developments. Must coin have been delisted due to inability to meetup market/exchange requirements.
In OWL i think there is a buyback mechanism which is set for the coin to be more valuable in time to come.

I singled out the idea in my post. In such situation token looks the same. I don`t think that this is right position to compare successful casino with dumped project. If you compare the same quality tokens in casino and in any other project - you get the same results. No one can guarantee that casino can not only progress but it can scams too(for example).
Investment is long way instrument. In cryptocurrencies you can`t plan for a long distance(except BTC possible).

[Lanatsa]

Gambling tokens for investment look just like any other token with an idea - you can make huge profits, but only with the right token at the right time.

Due to many analysis gambling token have prospect compared to other tokens, do you know that in gambling there is always continuous program and development in as much the gambling site is still active and functional, there would be very large chance for token to worth more than any other dumped project out there, so it can't be compared to shitcoin and even many projects lack structures and basic developments. Must coin have been delisted due to inability to meetup market/exchange requirements.
In OWL i think there is a buyback mechanism which is set for the coin to be more valuable in time to come.

I singled out the idea in my post. In such situation token looks the same. I don`t think that this is right position to compare successful casino with dumped project. If you compare the same quality tokens in casino and in any other project - you get the same results. No one can guarantee that casino can not only progress but it can scams too(for example).
Investment is long way instrument. In cryptocurrencies you can`t plan for a long distance(except BTC possible).

Doesnt matter on what project do a token had been created or been connected or inspired it would be still having that chance on getting dumped or died just like any other coins in the market.It doesnt really give

out some assurances that it would be worth or not but as long it does have some volume even on small scale but at least does have some activity around then we could really say that it would really be that
considerable to make out investment of it but dont expect or anticipate that you would be ending up on positive. INvest on what you can afford to lose as always because even Bitcoin doesnt
really make guarantee.

[AbuBhakar]

Gambling tokens for investment look just like any other token with an idea - you can make huge profits, but only with the right token at the right time.

Due to many analysis gambling token have prospect compared to other tokens, do you know that in gambling there is always continuous program and development in as much the gambling site is still active and functional, there would be very large chance for token to worth more than any other dumped project out there, so it can't be compared to shitcoin and even many projects lack structures and basic developments. Must coin have been delisted due to inability to meetup market/exchange requirements.
In OWL i think there is a buyback mechanism which is set for the coin to be more valuable in time to come.

I singled out the idea in my post. In such situation token looks the same. I don`t think that this is right position to compare successful casino with dumped project. If you compare the same quality tokens in casino and in any other project - you get the same results. No one can guarantee that casino can not only progress but it can scams too(for example).
Investment is long way instrument. In cryptocurrencies you can`t plan for a long distance(except BTC possible).

Doesnt matter on what project do a token had been created or been connected or inspired it would be still having that chance on getting dumped or died just like any other coins in the market.It doesnt really give

out some assurances that it would be worth or not but as long it does have some volume even on small scale but at least does have some activity around then we could really say that it would really be that
considerable to make out investment of it but dont expect or anticipate that you would be ending up on positive. INvest on what you can afford to lose as always because even Bitcoin doesnt
really make guarantee.

I’m in favor on your about volume because it’s the real basis on the performance of the token. Without a volume means no one is interested on this token even small because most of this token volume is coming from DEX which is known for no fake trading volumes. The casino token is still healthy if they still have trading volume in daily basis compared to zero. I really don’t preferred investing right now because of the sentiment but I’m happy to hold my old investment on this tokens.

[X-ray]

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.

It's purely gamble. As far as i know there's no need for gambling platform to issue the token since mostly of users can use various crypto. I think that this will give benefit for its holders. It's caused by i rarely see the gambling token has a good performance in the market.
I may know some but the performance can't be the same like blockchain token. It seems like gambling token was quite different and a bit more riskier.

[malcovi2]

There were lots of casino tokens before the tokens that you listed and most of them cease to exist or another pump and dump shitcoins.

wink
CSNO
FUNToken

I think its only profitable if you own most of the supply because you get dividends from staking the tokens on the casino.

[Strongkored]

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.

It's purely gamble. As far as i know there's no need for gambling platform to issue the token since mostly of users can use various crypto. I think that this will give benefit for its holders. It's caused by i rarely see the gambling token has a good performance in the market.
I may know some but the performance can't be the same like blockchain token. It seems like gambling token was quite different and a bit more riskier.

Casinos that issue their own tokens will get funding from token sales to develop their casinos bigger, but unfortunately if they don't have a capable team to develop both then one of them will not perform well.
Right now I only invest in one casino token but actually it's not 100% coming from the casino, they just take over the development of the token. You should study deeply before deciding to invest in casino tokens.

[mak013]

Doesnt matter on what project do a token had been created or been connected or inspired it would be still having that chance on getting dumped or died just like any other coins in the market.It doesnt really give

out some assurances that it would be worth or not but as long it does have some volume even on small scale but at least does have some activity around then we could really say that it would really be that
considerable to make out investment of it but dont expect or anticipate that you would be ending up on positive. INvest on what you can afford to lose as always because even Bitcoin doesnt
really make guarantee.

Cryptocurrencies is casino by itself. And volume and activity just give you a chance to sell tokens. But it doesn`t give you any guarantee that the price would be nice.
Investing in casino looks the same as any other investment in cryptocurrencies. The main difference in such kind of investment that you can`t wait for 10-20-50 years. You have to change your strategy and tokens rather fast.

[fortunecrypto]

Doesnt matter on what project do a token had been created or been connected or inspired it would be still having that chance on getting dumped or died just like any other coins in the market.It doesnt really give

out some assurances that it would be worth or not but as long it does have some volume even on small scale but at least does have some activity around then we could really say that it would really be that
considerable to make out investment of it but dont expect or anticipate that you would be ending up on positive. INvest on what you can afford to lose as always because even Bitcoin doesnt
really make guarantee.

Cryptocurrencies is casino by itself. And volume and activity just give you a chance to sell tokens. But it doesn`t give you any guarantee that the price would be nice.
Investing in casino looks the same as any other investment in cryptocurrencies. The main difference in such kind of investment that you can`t wait for 10-20-50 years. You have to change your strategy and tokens rather fast.

You can easily tell how the casino-based tokens are performing not only in the market but how they are accepted in the gambling community and
how good is their reputation, BFG and Owl tokens are two tokens that are well accepted by the community based on the players supporting their platform, there are casino-based tokens but nothing beats these two, and as long as these two are well supported it's worth holding these two tokens, casinos are here to stay so these two tokens are staying for long term.

[electronicash]

Doesnt matter on what project do a token had been created or been connected or inspired it would be still having that chance on getting dumped or died just like any other coins in the market.It doesnt really give

out some assurances that it would be worth or not but as long it does have some volume even on small scale but at least does have some activity around then we could really say that it would really be that
considerable to make out investment of it but dont expect or anticipate that you would be ending up on positive. INvest on what you can afford to lose as always because even Bitcoin doesnt
really make guarantee.

Cryptocurrencies is casino by itself. And volume and activity just give you a chance to sell tokens. But it doesn`t give you any guarantee that the price would be nice.
Investing in casino looks the same as any other investment in cryptocurrencies. The main difference in such kind of investment that you can`t wait for 10-20-50 years. You have to change your strategy and tokens rather fast.

You can easily tell how the casino-based tokens are performing not only in the market but how they are accepted in the gambling community and
how good is their reputation, BFG and Owl tokens are two tokens that are well accepted by the community based on the players supporting their platform, there are casino-based tokens but nothing beats these two, and as long as these two are well supported it's worth holding these two tokens, casinos are here to stay so these two tokens are staying for long term.

as long as the investor receive substantial amount by holding the tokens of the casino, its worth holding. the growing doubt is that they are not listed on exchanges that is why only few investors were attracted to these sort of scheme. the utility of the tokens is very limited within the casino.
i do have some of these tokens, one that i'm concern about is the minimum withdrawal. with few tokens, it tends holder to wait for a longtime.

cryptocurrencies are under attacked by regulators, casino tokens is yet not dealt by these guys but it could be easy for them to bring casino tokens down which i guess we'd have to be prepared for it.

[Lanatsa]

Doesnt matter on what project do a token had been created or been connected or inspired it would be still having that chance on getting dumped or died just like any other coins in the market.It doesnt really give

out some assurances that it would be worth or not but as long it does have some volume even on small scale but at least does have some activity around then we could really say that it would really be that
considerable to make out investment of it but dont expect or anticipate that you would be ending up on positive. INvest on what you can afford to lose as always because even Bitcoin doesnt
really make guarantee.

Cryptocurrencies is casino by itself. And volume and activity just give you a chance to sell tokens. But it doesn`t give you any guarantee that the price would be nice.
Investing in casino looks the same as any other investment in cryptocurrencies. The main difference in such kind of investment that you can`t wait for 10-20-50 years. You have to change your strategy and tokens rather fast.

You can easily tell how the casino-based tokens are performing not only in the market but how they are accepted in the gambling community and
how good is their reputation, BFG and Owl tokens are two tokens that are well accepted by the community based on the players supporting their platform, there are casino-based tokens but nothing beats these two, and as long as these two are well supported it's worth holding these two tokens, casinos are here to stay so these two tokens are staying for long term.

as long as the investor receive substantial amount by holding the tokens of the casino, its worth holding. the growing doubt is that they are not listed on exchanges that is why only few investors were attracted to these sort of scheme. the utility of the tokens is very limited within the casino.
i do have some of these tokens, one that i'm concern about is the minimum withdrawal. with few tokens, it tends holder to wait for a longtime.

cryptocurrencies are under attacked by regulators, casino tokens is yet not dealt by these guys but it could be easy for them to bring casino tokens down which i guess we'd have to be prepared for it.

You would really be needing to be prepared if you do really bag hold lots of those casino based tokens but if not then i wouldnt bother myself or stressing on something which shouldnt really be in concern of.

Also investors wont really be that much interested on something that doesnt really have much utility aside from being used on the casino.Yes, there might be still who do mainly support these coins

but only a few will really be having high hopes and thinking about for long term.It does vary on platforms popularity and performance because once these things are lost or gone then expect
value would also decrease out.

[johhnyUA]

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

..............................

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?

Ofc not. This is just another altcoins, with all corresponding risks inherent to altcoins. So i would not invest a lot of fiat money or even good crypto in such things. Not the best idea to do so on bear market. Such altcoins can crush to the bottom in just few hours.

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?!

That's called "shitcoin pump", nothing special.

[malcovi2]

Casinos that issue their own tokens will get funding from token sales to develop their casinos bigger

I don't think they used those tokens to raise funding but in order to get those tokens you need to mine it via wagering. Thats whales wager alot during the opening of the casino because the mining difficulty is too low because if the level of difficulty increases the wager requirement also increases and the rewards decreases.

[inthelongrun]

Casinos that issue their own tokens will get funding from token sales to develop their casinos bigger

I don't think they used those tokens to raise funding but in order to get those tokens you need to mine it via wagering. Thats whales wager alot during the opening of the casino because the mining difficulty is too low because if the level of difficulty increases the wager requirement also increases and the rewards decreases.

Maybe you are referring to BetFury? But most casinos that created their own tokens are for funding or additional sort of purposes. Moonbet for example is for funding purposes. Not sure about OWL. I remember some years ago when I was invited by a friend here to check Betking's crowdfunding in exchange for their tokens that are guaranteed future dividends when the casino starts earning. During ICO days I saw a lot of casino projects here marketing their tokens in order to start their businesses. Most failed I guess as I haven't heard them now.     

[Stakefast]

I once lost 25,000$ investing in a crypto casino token named rocketgame, the casino itself was fully playing on TRON smart contracts - It was kind of ahead of its time but they closed and so did my Investment - Up until today I wonder why that casino closed, it was made from the same owners/creators as duckdice and it seemed to be pretty successfull.

I also lost 0.1 btc in a casino bankroll investment 2 years ago.

Its very risky to invest into a crypto casino token, with BetFury, thats a good one. I should have invested it into BFG but rocketgame was even a better and more future casino then BetFury is so...

I will stay away from casino tokens, I rather invest into defi's and compound.

[Fredomago]

You would really be needing to be prepared if you do really bag hold lots of those casino based tokens but if not then i wouldnt bother myself or stressing on something which shouldnt really be in concern of.

Also investors wont really be that much interested on something that doesnt really have much utility aside from being used on the casino.Yes, there might be still who do mainly support these coins

but only a few will really be having high hopes and thinking about for long term.It does vary on platforms popularity and performance because once these things are lost or gone then expect
value would also decrease out.

It's a business that the owner/developers needs to work, trust is hard to earn but as long as the team continue doing progress and continue bringing dividends the chance that investors and traders will keep on coming those who already decided to quit will be replace by new holders that will hold and wait. We don't know what the future will bring, there are chances that you may lose your money with your invested money but it's your call whether to continue or to move away if you don't see any potential that it will decent amount of profits.

[michellee]

Casinos that issue their own tokens will get funding from token sales to develop their casinos bigger

I don't think they used those tokens to raise funding but in order to get those tokens you need to mine it via wagering. Thats whales wager alot during the opening of the casino because the mining difficulty is too low because if the level of difficulty increases the wager requirement also increases and the rewards decreases.

I think the casino issued the token to try to provide other benefits for its members so that members can indirectly get something valuable and sell it when the price of the token goes up. But casinos need to think thoroughly about their plans for issuing those tokens because if it is only for inside the casino and cannot be sold on the market, the members will also not be able to benefit from becoming an investor in that casino. But each casino must already have a plan if they want to launch their own token and surely, they will have everything ready before launching the token.