Investing in Casino tokens such as BFG, OWL or TFS

[erep]

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.

Investor interest in casino tokens is still low due to low liquidity in the market, limited utility, and other factors. So it is difficult for casino tokens to survive against the current bear market crash even the top altcoins cause a decline without Bitcoin price support. But the chance of casino tokens to grow is very possible because some popular casinos don't have tokens yet, so for future big hype then some casinos can partner to develop blockchain concept for multi platform casinos.

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[barbara44]

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.

You mentioned marketing there but speaking of it, all three of them are already doing it. I regularly see betfury, owlgames and the fairspin casino having their own signature campaign but if there is one that excels then I think that would be owlgames because they also have a bounty campaign which pays their participant with owl tokens (if I am not mistaken).

That must be worth it I believe because owlgames are being talked about lately more than their two competitors but I think they won't just let owlgames won the competition but maybe the two casinos are also cooking something and they will release it soon only to stay relevant on the game. Let see.

[Hispo]

-snip-

Investor interest in casino tokens is still low due to low liquidity in the market, limited utility, and other factors. So it is difficult for casino tokens to survive against the current bear market crash even the top altcoins cause a decline without Bitcoin price support. But the chance of casino tokens to grow is very possible because some popular casinos don't have tokens yet, so for future big hype then some casinos can partner to develop blockchain concept for multi platform casinos.

We have learnt by experience that most of the alternative cryptos are actually worthless and serve little to no utility, I am sure we can remember projects which looked quite promising back in the day during the boom of the ICOS, but nowadays these coins are a far cry from their initial price and relevance. The most important difference here as, someone mentioned, is that anyone can create or mint a shitcoin on a blockchain like ethereum or copy-paste the code and whitepaper of Bitcoin, but it is different when an entity like a Casino (which proven record and money reserves) does so. I believe it is less likely for a casino token to become useless or lose 100% of their relevance as long as the casino continues in business.

As any other altcoin, these casino issued token would likely suffer from the consequences of the bear market, which you mentioned but I doubt they will fall to the level of others we have seen.

[ethereumhunter]

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.

Investors will look for projects they think can provide rewards like ATH in the future so that what they invest can give them big returns. Volatility in the market will occur but it depends on how strong the support gets from the project so that the price of the token will not be too affected by market price fluctuations.

Investor interest in casino tokens is still low due to low liquidity in the market, limited utility, and other factors. So it is difficult for casino tokens to survive against the current bear market crash even the top altcoins cause a decline without Bitcoin price support. But the chance of casino tokens to grow is very possible because some popular casinos don't have tokens yet, so for future big hype then some casinos can partner to develop blockchain concept for multi platform casinos.

If the casino token can't hold its own against the bear market, at least it can compete with other casino tokens so it probably won't be too heavy. It can be possible to fight a bear market if the casino token has strong support to withstand the rapid movement of market prices. The opportunity is still wide open because not many popular casinos have their own tokens, which can make the casino tokens survive and grow well in the future.

[Fredomago]

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.

You mentioned marketing there but speaking of it, all three of them are already doing it. I regularly see betfury, owlgames and the fairspin casino having their own signature campaign but if there is one that excels then I think that would be owlgames because they also have a bounty campaign which pays their participant with owl tokens (if I am not mistaken).

That must be worth it I believe because owlgames are being talked about lately more than their two competitors but I think they won't just let owlgames won the competition but maybe the two casinos are also cooking something and they will release it soon only to stay relevant on the game. Let see.

It would nicer to see competition from this target venue of investment, so not just the business itself but the tokens that they are also promoting to be useful for investors investment, Same with what I'm mentioning the marketing is very important in terms of the success of each business and project, with good marketing or branding it will help to bring more interest and a possibility of potential investors to support the project.

Possible that Betfurry will compete with how Owl is doing by now. They are active on their thread, maybe a signature campaign will be offered again for engaging traffics to their platform.

[babygun]

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)!

You are 100% right iv4n! I am on Betfury since they did their bounty 2 years ago, so also gathered a nice amount of BFG thanks to that and had multiple small deposites/withdrawals with them before they acquired their license. A license helps but it is not because a casino is licensed that it is a legit casino.

[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.

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.

But there is no assurance the price will recover until it recovers, what may happen or not happen at some point... I believe to conclude if the investment is a good idea it should generate at least the same profit percentage investments in general return us, that is something between 5%-8% annually. Adding interest made and discounting token's devaluation we can reach to the real final profit to see if it was worthful or not.

This proportion is essential and must not be forgotten by investors.

[AmoreJaz]

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)!

You are 100% right iv4n! I am on Betfury since they did their bounty 2 years ago, so also gathered a nice amount of BFG thanks to that and had multiple small deposites/withdrawals with them before they acquired their license. A license helps but it is not because a casino is licensed that it is a legit casino.

so far, i haven't read any complaint or alarming warning signal towards betfury. so it means, they are doing their business fair and square. and if they are surviving til now, and it keeps on growing, then it means, they are doing something right. it won't expand if they are not generating income in this business. but as we have seen, they evolve and continuously growing their services. so i think, their bfg token is actually one of the casino tokens that are doing good today.

[Ludmilla_rose1995]

You are 100% right iv4n! I am on Betfury since they did their bounty 2 years ago, so also gathered a nice amount of BFG thanks to that and had multiple small deposites/withdrawals with them before they acquired their license. A license helps but it is not because a casino is licensed that it is a legit casino.

so far, i haven't read any complaint or alarming warning signal towards betfury. so it means, they are doing their business fair and square. and if they are surviving til now, and it keeps on growing, then it means, they are doing something right. it won't expand if they are not generating income in this business. but as we have seen, they evolve and continuously growing their services. so i think, their bfg token is actually one of the casino tokens that are doing good today.

I believe almost 90% of gamblers who use crypto gambling sites have an account at betfury, and it's really amazing to see that until now betfury's reputation is still very good and the level of public trust is still high. I still have several thousand BFG that I staking, and that gives me enough passive income for me to be able to continue playing at Betfury.

[Hispo]

Today I was looking to some casino tokens, I decided to see the price and volume of OwlDao (Owl) and i was surprised when I realized that the volume is only around 260$ in 24h.

I would have expected volume of 1000$ minimun, even though the token is only tradeable in DEFI for now.
Any thoughts on this?
Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...

[LUCKMCFLY]

-snip-

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.

The tokens and you'll excuse me for what I'm going to say, but this is like marriage, it's like a lottery, it's clear if you're lucky or not, honestly everything can be seen very beautifully, but when you're inside and you see all the things you're living and the ones you have to live is when a person knows well what he got into, and the ugliest things can be lived, and for that you have to have a lot of patience and understanding.

The understanding is that if the token falls per share of the Bitcoin market, it falls in price, it is something natural and that must be understood and patience is because in these cases time is the best ally for any investor.

Today I was looking to some casino tokens, I decided to see the price and volume of OwlDao (Owl) and i was surprised when I realized that the volume is only around 260$ in 24h.

I would have expected volume of 1000$ minimun, even though the token is only tradeable in DEFI for now.
Any thoughts on this?
Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...

It is interesting, I see that many things can be concluded here, first it is necessary that they already need to look for investors, maybe I have to do an advertising campaign for all the social networks that is very radical and they can do something to raise that number , really 260USD is nothing, they need to have more volume, if they do not have a community it will be difficult for this token to reach good values, I think they have a good opportunity to do so, even Bitcoin is at a price where many things can be done, so that at the moment that bitcoin has its bullish trend the OWL token can rise with the movement.

In addition, it would not be bad if they made a trading contest with the token, all these things are necessary for people to be interested in the token, that they offer characteristics so that an investor can shelter their money there.

[Get-Paid.com]

As of now:

OwlDAO = $0.012
BFG = $0.017

It's just showing you which one of the two is better.

BetFury is credible, genuine, based on real stuff, whilst OwlDAO was one we had lots of suspicions with so far.

There is no doubt BetFury is one of the best products out there, OwlDAO cannot be compared to it.

[Hispo]

Today I was looking to some casino tokens, I decided to see the price and volume of OwlDao (Owl) and i was surprised when I realized that the volume is only around 260$ in 24h.

I would have expected volume of 1000$ minimun, even though the token is only tradeable in DEFI for now.
Any thoughts on this?
Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...

...

In addition, it would not be bad if they made a trading contest with the token, all these things are necessary for people to be interested in the token, that they offer characteristics so that an investor can shelter their money there.

That is actually a quite interesting idea, it would increase the interest and the volume, but it would also depend on the size of the casino and the resources they have and can invest in something like monitoring trades, user's volume and gains. I assume that managing a casino is hard enough, the fact that currently that token is not listed in any centralized exchange only makes things a bit harder to carry out a contest like that.

We shall see how the price behaves in the future.

-snip-

I want to ask if this token is trade able or not, because sometimes some people will launch a token and they will be expecting people to invest on the token is not trade able or marketable that's why some people do be careful for some investment of tokens, why some people will not like to sell this particular token is that they have noticed that the token can have much value if investors or people start buying it in a large quantities

As you can see in the picture I shared, the OWL token is indeed tradeable, but only on Defi platforms like Pancakeswap and Babyswap, which means you need to connect your personal wallet to the Defi webpage to perform the swaps.

[Get-Paid.com]

As you can see in the picture I shared, the OWL token is indeed tradeable, but only on Defi platforms like Pancakeswap and Babyswap, which means you need to connect your personal wallet to the Defi webpage to perform the swaps.

That is why BFG is much better and is trustworthy and in the long run it will be worth more.

[Strongkored]

-snip-

I want to ask if this token is trade able or not, because sometimes some people will launch a token and they will be expecting people to invest on the token is not trade able or marketable that's why some people do be careful for some investment of tokens, why some people will not like to sell this particular token is that they have noticed that the token can have much value if investors or people start buying it in a large quantities

As you can see in the picture I shared, the OWL token is indeed tradeable, but only on Defi platforms like Pancakeswap and Babyswap, which means you need to connect your personal wallet to the Defi webpage to perform the swaps.

Owl token is also traded on MEXC centralized exchange https://www.mexc.com/exchange/OWL_USDT but volume is very low less than $100 in 24Hr, not a pleasant sight even though many keep it for staking but if the trading volume is low this indicates that this token is not very well known, if anyone wants to sell it they will have difficulty because of low liquidity and the price of this token can immediately drop very low,
but because the owl token has a buyback feature, when the developer buys back the price will go up surely after that the trading volume and price will go down or be stable because trading activities are very calm.

[Get-Paid.com]

Owl token is also traded on MEXC centralized exchange https://www.mexc.com/exchange/OWL_USDT but volume is very low less than $100 in 24Hr, not a pleasant sight even though many keep it for staking but if the trading volume is low this indicates that this token is not very well known, if anyone wants to sell it they will have difficulty because of low liquidity and the price of this token can immediately drop very low,
but because the owl token has a buyback feature, when the developer buys back the price will go up surely after that the trading volume and price will go down or be stable because trading activities are very calm.

@Strongkored, what do you think about BFG?

[mak013]

As of now:

OwlDAO = $0.012
BFG = $0.017

It's just showing you which one of the two is better.

BetFury is credible, genuine, based on real stuff, whilst OwlDAO was one we had lots of suspicions with so far.

There is no doubt BetFury is one of the best products out there, OwlDAO cannot be compared to it.

The price doesn`t means that the BFG better than OWL. The markets and trading volume give us more information. And here we see that OWL has no volumes and just 2 markets. The same time BFG has 5 markets and not very serious volume but enough to have opportunity for trading. But the start price of OWL was, as i see, $0.0038 and BFG - $0.032. That means that the OWL investors made x3 and BFG  investors - -x2.

[Fredomago]

-snip-

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.

The tokens and you'll excuse me for what I'm going to say, but this is like marriage, it's like a lottery, it's clear if you're lucky or not, honestly everything can be seen very beautifully, but when you're inside and you see all the things you're living and the ones you have to live is when a person knows well what he got into, and the ugliest things can be lived, and for that you have to have a lot of patience and understanding.

The understanding is that if the token falls per share of the Bitcoin market, it falls in price, it is something natural and that must be understood and patience is because in these cases time is the best ally for any investor.

That's how important the knowledge about the token or project that you are supporting, with proper understanding patience can be extended and you can work on it even if will take some time, the point is that aside from your original investment the feature of staking will give you additional numbers of earn coins, it's worth the wait especially once the token pump high, the value of your profits is not alone with the numbers of your original stake but including those earned stakes that is something that will really impress your investment.

Though again, it's more on your understanding and the trust that you have form this casino token that matter, if you just investing out from hypes, the risk is really high for you to lose your money, but if you are investing from your own knowledge, the chance of getting huge compensation is high.

[justdimin]

Owl token is also traded on MEXC centralized exchange https://www.mexc.com/exchange/OWL_USDT but volume is very low less than $100 in 24Hr, not a pleasant sight even though many keep it for staking but if the trading volume is low this indicates that this token is not very well known, if anyone wants to sell it they will have difficulty because of low liquidity and the price of this token can immediately drop very low,

Some guys above are also complaining about how low the volume of this coin was so I think the better answer for this is that the coin is not good for trading purposes but this coin might still be good at long term investing because the gambling site is still being promoted regularly and who knows, what if they became more successful soon? Other than hodling, maybe this coin can also be used for gambling on their own site? If all we want is to trade then there are better coins that are specifically built for that and they aren't casino tokens. 

even though many keep it for staking but if the trading volume is low this indicates that this token is not very well known

I don't think they aren't well known because you said many stakes the coin and also like I said earlier, the are being advertised here in the forum.

[Hamphser]

Some guys above are also complaining about how low the volume of this coin was so I think the better answer for this is that the coin is not good for trading purposes but this coin might still be good at long term investing because the gambling site is still being promoted regularly and who knows, what if they became more successful soon? Other than hodling, maybe this coin can also be used for gambling on their own site? If all we want is to trade then there are better coins that are specifically built for that and they aren't casino tokens. 

Holding do still impose risks since we cant really able to assure if these popular platforms would retain or sustain their popularity and top ranking for a very long time which means that if ever it would be covered or

been patched up by newer casinos on popularity then its safe to presume that those coins attached on it would be also be affected since there would be no traders/supporters or investor will really be still

willing to make out investment or give out support into that particular coin.So do on what you do see on whats feasible for you whether you would be trading it on short
term basis or would really decide on holding for long term.