Investing in Casino tokens such as BFG, OWL or TFS

[Hispo]

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You need to undergo with deeper research in order for you to understand how things work and how will you take advantages with staking features of these assets. The deeper you understand, the more passive ways you can earn from those projects. It's not easy to see your investment going down but if you know that there's a good returned once the market turn to bull, instead of selling it's best to add more if you have some spare money to buy for additional coins.

More on taking your investment to a long-term goal and continue to enjoy passive earnings from your stake coins.

I would personally only consider this kind of assest as a long term investment only if I had a very high trust on these casinos and their capacity to grow in a such competitive market, due to the centralization implicit on them.
The price of these tokens are tied to the success of the platform itself acting like some sort of share.

I think that for long term investment it would be better to go with a decentralized asset, like Bitcoin. I am not saying that these casino tokens cant lead to very good profits, centralized coins (like Binance's BNB) have provided a lot of money to their investors in a relatively short period of time, but these tokens are not for everyone.

[Hamphser]

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

~snip~

One of the main reasons is the fact that most of the people buy these tokens buy it to bet with it or use other gambling benefits that could come with holding that token and not to take some profit from the swings, probably most of them don't even check the token price that often, so holders of their tokens are mostly indifferent to price decrease and less likely to sell out of panic.

Actually because of the reasons mentioned these tokens are great buys (if the gambling website is reputable) on the dips as they're less likely to not recover from the lows, since the demand is almost always there and because there are some people waiting on the sidelines waiting for those dips to buy the tokens to bet with.

Some doesnt even aware that they had earned those platform based tokens yet they do believe that they are just using their bitcoin or other altcoins without even realizing or been aware that everytime that they

do wager they do earn up particularly with those casino based token/coins and of course they wont really be expecting something like that when it comes to its value but once they've been aware then for sure
they would be looking on using it and most likely they wont really be minding about investment and profit stuffs but rather using it back again on the platform.

[livingfree]

One of the main reasons is the fact that most of the people buy these tokens buy it to bet with it or use other gambling benefits that could come with holding that token and not to take some profit from the swings, probably most of them don't even check the token price that often, so holders of their tokens are mostly indifferent to price decrease and less likely to sell out of panic.

Actually because of the reasons mentioned these tokens are great buys (if the gambling website is reputable) on the dips as they're less likely to not recover from the lows, since the demand is almost always there and because there are some people waiting on the sidelines waiting for those dips to buy the tokens to bet with.

I believe most of them are for the benefits of it and then next to it is as an investment. If you're with that casino that has their own token and they're offering some good percentage for having their token and some bonuses, you'll be enticed to buy it. That's why many players do exchange the cryptos that they're about to play into their native tokens.

And it's because of the benefits and bonuses that they offer for those that own it while they play. As they take those benefits, the biggest one is they're able to have a share of that casino and earns dividend just by holding and staking it on their own platform.

While having those tier or level programs that they have.

[uneng]

All coins in the market have lost their 60-80% value along with Bitcoin. But compared to that, the price of gambling coins has not decreased much. But as the price of Bitcoin rises, so does the price of gambling coins. So I mean buy and hold gambler coins are more likely to profit than lose.

BFG as of today is $0.017 - it hasn't lost much value but paid massive returns (70% per annum) - so so far despite all the crypto price falls, Euro reaching parity with the dollar and more - token such as BFG are quite reselient.

Very nice! But it's still a risky investment, because we don't have parameters to know if the price is going to keep stable or crash. After all it's like any other altcoin, much more risky and unstable than bitcoin. I believe with such results pointed by you many investors will try this from now on, expecting the currently results repeat themselves futurely and I hope they don't regret about their decision later.

Returns are quite interesting, but it's not exactly 70% APY if we consider how much the token has lost in value during the last 1 year period. From 0,031$ to 0,017$ today. Almost 50% devaluation in price.

[Reatim]

All coins in the market have lost their 60-80% value along with Bitcoin. But compared to that, the price of gambling coins has not decreased much. But as the price of Bitcoin rises, so does the price of gambling coins. So I mean buy and hold gambler coins are more likely to profit than lose.

BFG as of today is $0.017 - it hasn't lost much value but paid massive returns (70% per annum) - so so far despite all the crypto price falls, Euro reaching parity with the dollar and more - token such as BFG are quite reselient.

Very nice! But it's still a risky investment, because we don't have parameters to know if the price is going to keep stable or crash. After all it's like any other altcoin, much more risky and unstable than bitcoin. I believe with such results pointed by you many investors will try this from now on, expecting the currently results repeat themselves futurely and I hope they don't regret about their decision later.

Returns are quite interesting, but it's not exactly 70% APY if we consider how much the token has lost in value during the last 1 year period. From 0,031$ to 0,017$ today. Almost 50% devaluation in price.

BFG token lost rate of 74% from there ATH it is normal . Because all the coins in the market have crashed 70-80% in price on this bad situation . Even though the market is so low, investing in crypto is still too risky . Because the price of Bitcoin is crashing again.  So there is a possibility of a bigger crash in the market

there is nothing wrong if a currency dropped its price from the ATH even if this takes 80-90% but what we wanted to be assured is that if the price will recover , I mean if the project is still consistent in their plans and their white paper and roadmap , because crypto is a place where volatility dictates its prices .
BFG? not sure if this will return in that value even if this will take a years , and also? there are OWL that had proven one of the good investment in gambling platform  so lets see what it goes.

[|MINER|]

All coins in the market have lost their 60-80% value along with Bitcoin. But compared to that, the price of gambling coins has not decreased much. But as the price of Bitcoin rises, so does the price of gambling coins. So I mean buy and hold gambler coins are more likely to profit than lose.

BFG as of today is $0.017 - it hasn't lost much value but paid massive returns (70% per annum) - so so far despite all the crypto price falls, Euro reaching parity with the dollar and more - token such as BFG are quite reselient.

Very nice! But it's still a risky investment, because we don't have parameters to know if the price is going to keep stable or crash. After all it's like any other altcoin, much more risky and unstable than bitcoin. I believe with such results pointed by you many investors will try this from now on, expecting the currently results repeat themselves futurely and I hope they don't regret about their decision later.

Returns are quite interesting, but it's not exactly 70% APY if we consider how much the token has lost in value during the last 1 year period. From 0,031$ to 0,017$ today. Almost 50% devaluation in price.

BFG token lost rate of 74% from there ATH it is normal . Because all the coins in the market have crashed 70-80% in price on this bad situation . Even though the market is so low, investing in crypto is still too risky . Because the price of Bitcoin is crashing again.  So there is a possibility of a bigger crash in the market

Yes BFG token lost their rate 74% from their ATH high that's because the reason is Bitcoin dominance. If you look at bitcoin price then you will also notice that the bitcoin is also down more than 70% from it's ATH .
But I disagree with your this word is " Crypto is still risky for investing" I think you are a long term trader then you will find the best dip at now . Yes it's risky on investment of altcoin but you can choose btc for this easily.

[bakasabo]

I find investing in casino tokens less attractive compared to investing in a project. Gambling business i far more dependable from market mood than running a project. With project, you can always put it on a pause or do something on your own. With gambling, you are very dependable from funds. As soon as you start to run out of them, you are done. Gambling offers quite identical games and etc. They dont offer anything radical, that might created new trend or explode the market. That is why I think it is impossible for casino token to multiply its value on its own.

[Fredomago]

I would personally only consider this kind of assest as a long term investment only if I had a very high trust on these casinos and their capacity to grow in a such competitive market, due to the centralization implicit on them.
The price of these tokens are tied to the success of the platform itself acting like some sort of share.

I think that for long term investment it would be better to go with a decentralized asset, like Bitcoin. I am not saying that these casino tokens cant lead to very good profits, centralized coins (like Binance's BNB) have provided a lot of money to their investors in a relatively short period of time, but these tokens are not for everyone.

True, the success of your investment depends on how the marketing will succeed to attract more gamblers to play using the casino if there's nothing that the team offers it will delay the progress in terms of value, but if there are many available feature that investors will earn the chance that it will be supported by more investors and traders.

On the other-hand, if you have a decent amount of money to invest, adding more solid asset like BTC, ETH and BNB.

It's up to you though, your money is always valued by your decision with your investment.

[electronicash]

I would personally only consider this kind of assest as a long term investment only if I had a very high trust on these casinos and their capacity to grow in a such competitive market, due to the centralization implicit on them.
The price of these tokens are tied to the success of the platform itself acting like some sort of share.

I think that for long term investment it would be better to go with a decentralized asset, like Bitcoin. I am not saying that these casino tokens cant lead to very good profits, centralized coins (like Binance's BNB) have provided a lot of money to their investors in a relatively short period of time, but these tokens are not for everyone.

True, the success of your investment depends on how the marketing will succeed to attract more gamblers to play using the casino if there's nothing that the team offers it will delay the progress in terms of value, but if there are many available feature that investors will earn the chance that it will be supported by more investors and traders.

On the other-hand, if you have a decent amount of money to invest, adding more solid asset like BTC, ETH and BNB.

It's up to you though, your money is always valued by your decision with your investment.

what sort of proof do you need for ou to trust a casino token?

would it be enough to show that the dividends that casino gave saved its holders from bear market and the crisis?
because if a bag holder did made it just relying on shared revenue from the casino i think the casino deserves it. the bagholder however must have spent a lot to bag the casino tokens.

[Hispo]

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what sort of proof do you need for ou to trust a casino token?

would it be enough to show that the dividends that casino gave saved its holders from bear market and the crisis?
because if a bag holder did made it just relying on shared revenue from the casino i think the casino deserves it. the bagholder however must have spent a lot to bag the casino tokens.

If I considered to buy casino tokens as an investment in mid-lond term I should check for the following:

1) Legal: Where is the casino registered? Do they have a license in their respective country? Do their country manage scam/fraud cases in an effective way?
Who are behind the casino and the creation of the token? Have they worked in any crypto before, or any casino before? Do they have proven reserves of cash?, etc.

2) Tokenomics: What is the Marketcap? How many tokens are in circulation? What is the maximum number of tokens? (This can be easily checked on Coingecko)

3) Concentration: Are they whale addresses for this specific token? if so, How many? what percentage of the circulation these whales have? Is the casino one of these whales? is the casino the biggest one among them? (One can check this on a good explorer)

4) Concentration control/ Burning schedule: One of the reasons BNB reached high value was Binance burning schedule, so you must investigate.
Does the casino have a burning schedule for this token? is there an official burning address? if so, what is this address? can the burning schedule/process be verified?

5) Use case: Binance offered their clients some advantages if they held BNB, so you must also investigate.
What is the advantage this token offer on the casino/service? are these advantages good enough to attract more clients/players to the casino who may wish to buy this token?
In case the casino went out business, is there any decentralized application this token would have some use case on?

[iv4n]

-snip-

-snip-

what sort of proof do you need for ou to trust a casino token?

would it be enough to show that the dividends that casino gave saved its holders from bear market and the crisis?
because if a bag holder did made it just relying on shared revenue from the casino i think the casino deserves it. the bagholder however must have spent a lot to bag the casino tokens.

If I considered to buy casino tokens as an investment in mid-lond term I should check for the following:

1) Legal: Where is the casino registered? Do they have a license in their respective country? Do their country manage scam/fraud cases in an effective way?
Who are behind the casino and the creation of the token? Have they worked in any crypto before, or any casino before? Do they have proven reserves of cash?, etc.

Just example, I started playing at Betfury before they had any licenses... I tried them with some little amounts, they had fast deposit/withdrawals, daily payouts on time (pretty high in their beginning), and because I started earlier I had a chance to mine a lot of BFG's with some moderate wagering!

When we talk about legality, crypto itself is in some gray area, when we talk about crypto casinos it's  a"wild west" (quoted someone here)!

[johhnyUA]

If I considered to buy casino tokens as an investment in mid-lond term I should check for the following:

1) Legal: Where is the casino registered? Do they have a license in their respective country? Do their country manage scam/fraud cases in an effective way?
Who are behind the casino and the creation of the token? Have they worked in any crypto before, or any casino before? Do they have proven reserves of cash?, etc.

After first question, all other questions doesnt make any sense. Because if casino is registered in respective country (like UK), it will never create any token of it's own. Because from the last time we know that SEC and other governments consider altcoins as a stocks. And they will not allow to create it without proper control.

So if casino emitted it's own token, it means that first question is false

[stomachgrowls]

If I considered to buy casino tokens as an investment in mid-lond term I should check for the following:

1) Legal: Where is the casino registered? Do they have a license in their respective country? Do their country manage scam/fraud cases in an effective way?
Who are behind the casino and the creation of the token? Have they worked in any crypto before, or any casino before? Do they have proven reserves of cash?, etc.

After first question, all other questions doesnt make any sense. Because if casino is registered in respective country (like UK), it will never create any token of it's own. Because from the last time we know that SEC and other governments consider altcoins as a stocks. And they will not allow to create it without proper control.

So if casino emitted it's own token, it means that first question is false

We know that casino tokens whether it would really be just good for internal usage or into the platform itself.It is really just depending if those coins would be listed
on some exchange platforms then it shouldnt really be that an issue.Also if it do talks about regulation then it would really vary into each country whether they would
really be that strict or not.

If UK does have that particular regulation or rules then so be it but we know that not all corners of the world would be having on the same regulation according to things.
Therefore, behavior and actions into each casinos or companies might really differ.

[darkangel11]

If I considered to buy casino tokens as an investment in mid-lond term I should check for the following:

1) Legal: Where is the casino registered? Do they have a license in their respective country? Do their country manage scam/fraud cases in an effective way?
Who are behind the casino and the creation of the token? Have they worked in any crypto before, or any casino before? Do they have proven reserves of cash?, etc.

After first question, all other questions doesnt make any sense. Because if casino is registered in respective country (like UK), it will never create any token of it's own. Because from the last time we know that SEC and other governments consider altcoins as a stocks. And they will not allow to create it without proper control.

So if casino emitted it's own token, it means that first question is false

Most of these tokens made by casinos and exchanges are fake in the way that they're there to make them more money and they give nothing to the user. OK, scratch that, they give the users bit of excitement and allow them to think that those penny stocks will explode one day.

The way they want to pay you for everything with their tokens pushing them into signature campaigns, bonus payments and such shows they want to save some real value coins like BTC and ETH and fill as much void as possible with their shitcoins. It's always easier to make some money out of air and instead of giving a client $100 making him get $60 and $40 equivalent of their token.

[Hispo]

If I considered to buy casino tokens as an investment in mid-lond term I should check for the following:

1) Legal: Where is the casino registered? Do they have a license in their respective country? Do their country manage scam/fraud cases in an effective way?
Who are behind the casino and the creation of the token? Have they worked in any crypto before, or any casino before? Do they have proven reserves of cash?, etc.

After first question, all other questions doesnt make any sense. Because if casino is registered in respective country (like UK), it will never create any token of it's own. Because from the last time we know that SEC and other governments consider altcoins as a stocks. And they will not allow to create it without proper control.

So if casino emitted it's own token, it means that first question is false

We know that casino tokens whether it would really be just good for internal usage or into the platform itself.It is really just depending if those coins would be listed
on some exchange platforms then it shouldnt really be that an issue.Also if it do talks about regulation then it would really vary into each country whether they would
really be that strict or not.

If UK does have that particular regulation or rules then so be it but we know that not all corners of the world would be having on the same regulation according to things.
Therefore, behavior and actions into each casinos or companies might really differ.

I agree that mostly depends on the country, for example, many crypto currencies have been accused by the SEC (XRP, BNB...) for allegedly being unregistered securities.
If these cases are solved in favor of these crypto-companies, that would create a precedent for a casino to mint their tokens with no fear the SEC will come after them.

On the other hand in the case these projects tokens are indeed clasified as securities, then casinos still have the option to move their operations to countries which allow them to mint tokens with no problem, there are even countries which do not have mention of cryptos or tokens in their laws whatsoever, so there are grey zones casinos could find in the meantime as the consider even better places to move to.

[dimonstration]

If I considered to buy casino tokens as an investment in mid-lond term I should check for the following:

1) Legal: Where is the casino registered? Do they have a license in their respective country? Do their country manage scam/fraud cases in an effective way?
Who are behind the casino and the creation of the token? Have they worked in any crypto before, or any casino before? Do they have proven reserves of cash?, etc.

After first question, all other questions doesnt make any sense. Because if casino is registered in respective country (like UK), it will never create any token of it's own. Because from the last time we know that SEC and other governments consider altcoins as a stocks. And they will not allow to create it without proper control.

So if casino emitted it's own token, it means that first question is false

Most of these tokens made by casinos and exchanges are fake in the way that they're there to make them more money and they give nothing to the user. OK, scratch that, they give the users bit of excitement and allow them to think that those penny stocks will explode one day.

The way they want to pay you for everything with their tokens pushing them into signature campaigns, bonus payments and such shows they want to save some real value coins like BTC and ETH and fill as much void as possible with their shitcoins. It's always easier to make some money out of air and instead of giving a client $100 making him get $60 and $40 equivalent of their token.

They are not fake. Actually they are more legit than typical shitcoins in the crypto market since the casino has license. SEC only cares about security token because this type of tokens serves as shares or stock in the company. You and the other guy that you quoted mix the definition of Security token to Utility Token. Casino token falls under utility token because it’s purpose is the utility and not for security meaning these kind of tokens value is not directly related to the company profit but it just base on speculation just like on the utility token in crypto.

Don’t be confused about utility token to security token because SEC only case about security token.

[Peanutswar]

Of course, people will buy or make an investment with those casino tokens because of the utilities or perks they can use by holding or buying these tokens still we cannot remove the thing it can be easily get into the market volatility like now currently we are in the bear market anything can happen and possible dump immediately those tokens at the same time but of course not all the time it is for the long term to cut story short all about the utilties.

[ethereumhunter]

Of course, people will buy or make an investment with those casino tokens because of the utilities or perks they can use by holding or buying these tokens still we cannot remove the thing it can be easily get into the market volatility like now currently we are in the bear market anything can happen and possible dump immediately those tokens at the same time but of course not all the time it is for the long term to cut story short all about the utilties.

If there really is any utility or use to the token, many people will buy or invest in that casino token because they can get other benefits from just gambling in that casino. One of the benefits is if the casino token can compete with other casino tokens in the market and get a good position and price so that investors can sell it at the price they want. But if the casino token can survive the fall in a bear market, I think it can still be considered good because the casino can withstand the fall so it doesn't drop drastically like other coins or tokens.

[boyptc]

Of course, people will buy or make an investment with those casino tokens because of the utilities or perks they can use by holding or buying these tokens still we cannot remove the thing it can be easily get into the market volatility like now currently we are in the bear market anything can happen and possible dump immediately those tokens at the same time but of course not all the time it is for the long term to cut story short all about the utilties.

Even it's on a bull market, the volatile of these tokens won't change. But the perks will remain to be there and that's the reason why players become investors too of their own platform.

If there really is any utility or use to the token, many people will buy or invest in that casino token because they can get other benefits from just gambling in that casino.

There are, and those are like related to fees and profit sharing.

[Hamza2424]

Of course, people will buy or make an investment with those casino tokens because of the utilities or perks they can use by holding or buying these tokens still we cannot remove the thing it can be easily get into the market volatility like now currently we are in the bear market anything can happen and possible dump immediately those tokens at the same time but of course not all the time it is for the long term to cut story short all about the utilties.

If there really is any utility or use to the token, many people will buy or invest in that casino token because they can get other benefits from just gambling in that casino. One of the benefits is if the casino token can compete with other casino tokens in the market and get a good position and price so that investors can sell it at the price they want. But if the casino token can survive the fall in a bear market, I think it can still be considered good because the casino can withstand the fall so it doesn't drop drastically like other coins or tokens.

A Very well mentioned point as everyone is including this in his reply I'm satisfied with it so that but i would like to add one thing on it if investors are expecting yhe cycle rewards as ATH and ATL so they are making mistake these tokens perform Quite similar in both of the Markets as you can that its side ways Heavy market Volatility may impact them but on a stable hands no mean of trading them.