Investing in Casino tokens such as BFG, OWL or TFS

[delfastTions]

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.

The entire history of the development of cryptocurrencies shows that long-term investment is profitable.  Suffice it to recall the peaks of bitcoin and altcoin rates in 2013-2017, 2021.
So now, apparently, we have to wait for 2025. 
Of course, 4 years is quite a long time and not every  cryptocurrency owner can wait that long.  There are times when you suddenly need money.  And investing has to be stopped at a loss.  But such is the established practice with investing in cryptocurrencies.   

All this clearly applies to tokens on gaming platforms, which are discussed here in the topic. 
So it is right to hold these tokens, and of course use them in the casinos themselves.

[iv4n]

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.

I guess if you like BFG you will like Star token too... Starbets is a new casino around, but they remind me of Betfury in the early days! And I can say that rewards are pretty nice and they chose nice coins for dividends distribution! Lack of games, both in-house and third party, a sportsbook is yet to come (who knows when), but it's how was at Betfury when they started. If they continue to develop I guess we can expect more from them in the future!

[bakasabo]

I havent done research of each and every casino tokens but majority of them are connected with reward distribution. Their goal is to be cheap, or better say not expensive. This will make people buy them to receive dividends. If casino tokens price rise, this means receiving dividends becomes expensive. That goes across the idea of token usage and reward distribution. No one wants to spend fortune to receive a penny (daily casino rewards are usually low). This makes casino tokens not attractive as a profitable investment.

[Unsoldier]

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.

Betfury pays good dividends to BFG holders. This token definitely deserves the attention of investors. Especially now when the market is in decline. BFG will help preserve your capital and even bring good profits when the market recovers.

[arwin100]

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.

Betfury pays good dividends to BFG holders. This token definitely deserves the attention of investors. Especially now when the market is in decline. BFG will help preserve your capital and even bring good profits when the market recovers.

Still unsure if we can get more from BFG tokens since we don't know if their token will pump once the market recover. But if you can defy the risk and can wait for long term to see the result maybe its good to accumulate that token then accumulate more dividends from them and who knows that you will be lucky to get more profit if the price of it will pump in future.

[X-ray]

Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...

The main problem that faced not only by owl token but whole of gamblings tokens that available in the market. These kind of tokens are always lack of liquidity. I didn't even know why such thing was happening when i were seeing so many hype around it in the past. I saw that so many gambling tokens have almost zero liquidity even these tokens traded in some exchange sites. It seems like that people didn't wanna put their money on this kind of token or something else.
The liqudity can be seen as demand to the tokens as well.

[Marvelman]

Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...

The main problem that faced not only by owl token but whole of gamblings tokens that available in the market. These kind of tokens are always lack of liquidity. I didn't even know why such thing was happening when i were seeing so many hype around it in the past. I saw that so many gambling tokens have almost zero liquidity even these tokens traded in some exchange sites. It seems like that people didn't wanna put their money on this kind of token or something else.
The liqudity can be seen as demand to the tokens as well.

I have seen that every gambling site has their main target to run their gambling site well but on the other hand they launch their utility token but they don't pay much attention to their token.  After they listed their token on only a few small exchanges, they dropped the idea. Meanwhile, after trading well in the market for a few days, the price of those tokens slowly declines and their liquidity slowly runs out. So trading with casino site tokens is very risky now as like gambling

With all of the new gambling sites and casino tokens, I think it's fair to say that these sectors have their "little" niche. I guess you could say they are no different than most other industries. Although some gambling sites do make an effort to advertise their token and give the token holders something special, some companies don't see the need in investing time and money into their utility token. So when choosing a token to invest in, you will have to thoroughly research the company behind your favorite project. Therefore, it always depends on the product itself, not on any utility tokens!

[ethereumhunter]

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.

Maybe it's because people see that the price of BFG is higher than OWL that they think that BFG is better than OWL. We must research each project so we don't buy the wrong one. If you wish, you can buy both tokens at once so that you can have the potential to make a profit from both tokens. It's true that OWL has had some problems in the past but that doesn't mean OWL can't experience price increases in the future. Most importantly, you should research before buying and don't just listen to other people's advice before you know.

[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.

The entire history of the development of cryptocurrencies shows that long-term investment is profitable.  Suffice it to recall the peaks of bitcoin and altcoin rates in 2013-2017, 2021.
So now, apparently, we have to wait for 2025.  
Of course, 4 years is quite a long time and not every  cryptocurrency owner can wait that long.  There are times when you suddenly need money.  And investing has to be stopped at a loss.  But such is the established practice with investing in cryptocurrencies.  

All this clearly applies to tokens on gaming platforms, which are discussed here in the topic.  
So it is right to hold these tokens, and of course use them in the casinos themselves.

You do really got the point which it would really be on case to case basis since there are times or scenarios which we do really need to sell even if its not really still the right time on doing so.
2025 is still indeed long and also we cant still be sure if these tokens/coins would definitely make out some rise whenever the market would really be having that bullish run.
Investing with these casino tokens is totally different on investing into those casual projects in the market but one thing would be in common that both things
do really require some demand and recognition for these coins to raise up their value.

[johhnyUA]

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.

Sounds like some kind of a scam.

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.

Again, I understand why they're doing so, but this doesn't means that this is good practice. There is a good words about such things - dark patterns

Also if it do talks about regulation then it would really vary into each country whether they would
really be that strict or not.

Yes, most third world countries allow a lot of shit to happen, but again, is something is allowed that doesn't mean it for good.

Just stay away from such tokens and everything will be fine 

[Hispo]

Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...

The main problem that faced not only by owl token but whole of gamblings tokens that available in the market. These kind of tokens are always lack of liquidity. I didn't even know why such thing was happening when i were seeing so many hype around it in the past. I saw that so many gambling tokens have almost zero liquidity even these tokens traded in some exchange sites. It seems like that people didn't wanna put their money on this kind of token or something else.
The liqudity can be seen as demand to the tokens as well.

The thing is that when comes tokens they are all about utility, not medium of exchange, because we already have Bitcoins are other altcoins with very good liquidity and listing all over the crypto ecosystem which function as medium of exchange. So all the interest for this tokens lies on the appeal they may have for gamblers, casinos need to create a demand for these tokens within their on webpages and games.

They could create some exclusive games where players could only gamble their native token or something similiar, in short, give a reason for people to buy/sell them, increasing volume and liquidity. Perhaps what happens is that were are a very early stage for these kind of assets, as far as I know Bitcoin in its early days did not have much liquidity either, all this would depends on the capacity of the casinos to keep the tokens alive, specially big casinos (which are the ones able to afford appealing perks) in case they decide to mint theirs.

-snip-

...

...

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...

Thanks for letting us know, it is a good step a centralized exchange is willing to list that token even though the volume is low.
Eventually if the casino takes the right steps more listing would come in the future.

[Strongkored]

@Strongkored, what do you think about BFG?

BFG has better trading volume than Owl but I think there should be other considerations whether BFG tokens are worth investing in like how is their casino development and also the returns given to their token holders.
I don't invest in both and only have FUN Token and interesting thing why I have it because it offers returns in other forms like BTC, and also being listed on a major exchange is quite convenient to have it.

[carlisle1]

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.

Maybe it's because people see that the price of BFG is higher than OWL that they think that BFG is better than OWL. We must research each project so we don't buy the wrong one. If you wish, you can buy both tokens at once so that you can have the potential to make a profit from both tokens. It's true that OWL has had some problems in the past but that doesn't mean OWL can't experience price increases in the future. Most importantly, you should research before buying and don't just listen to other people's advice before you know.

Investing in this kind of assets needs deeper research.

And that argument that you mentioned about the current price is valid the chance for each asset to rise still possible.

I like to take the idea of buying both if you have good amount of spare investment money, you will earn from both projects while holding.

Keep in mind that passive profits with staking feature add more with your profits while waiting for the value to rise high.

[bakasabo]

Betfury pays good dividends to BFG holders.

I have used BetFury staking calculator and here is what I get - you need to hold about 50,000 BFG tokens (~$850 on September 8,2022) to be able to get $1 per day. For someone that might be ok, but their is always but. That $1 will be spread between 5 cryptocurrencies. Which means you need to hold 5 different cryptocurrencies to reach minimum withdrawal amount. Dont forget that minimum prices are growing, which means with time, you will earn less.

[boyptc]

I have used BetFury staking calculator and here is what I get - you need to hold about 50,000 BFG tokens (~$850 on September 8,2022) to be able to get $1 per day. For someone that might be ok, but their is always but. That $1 will be spread between 5 cryptocurrencies. Which means you need to hold 5 different cryptocurrencies to reach minimum withdrawal amount. Dont forget that minimum prices are growing, which means with time, you will earn less.

This is actually good if you have spare to invest in BFG or Owldao or any of the same that has reputation. But most likely, people will have to have that assurance that they're guaranteed with the investment they have.

It's okay for some if they don't need the money.

But if you're someone that has that amount and it's like your life savings, you will look for a better opportunity. The logic goes the higher the capital, the higher daily you'll get but yeah, your enemy is the daily volatility and change on its price.

[ethereumhunter]

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.

Maybe it's because people see that the price of BFG is higher than OWL that they think that BFG is better than OWL. We must research each project so we don't buy the wrong one. If you wish, you can buy both tokens at once so that you can have the potential to make a profit from both tokens. It's true that OWL has had some problems in the past but that doesn't mean OWL can't experience price increases in the future. Most importantly, you should research before buying and don't just listen to other people's advice before you know.

Investing in this kind of assets needs deeper research.

And that argument that you mentioned about the current price is valid the chance for each asset to rise still possible.

I like to take the idea of buying both if you have good amount of spare investment money, you will earn from both projects while holding.

Keep in mind that passive profits with staking feature add more with your profits while waiting for the value to rise high.

If we don't find good results in our research, it's better not to take the risk because no one knows what will happen to the two projects. I suggest buying both tokens because with the price still low, he can buy them for less than $50 or $100 and own both tokens and hold them until the price goes up. But again, these are just suggestions and should not be followed if he is hesitant to buy one or both. But I agree with the passive gain of both tokens that can be used to profit from both tokens.

[Hispo]

Betfury pays good dividends to BFG holders.

I have used BetFury staking calculator and here is what I get - you need to hold about 50,000 BFG tokens (~$850 on September 8,2022) to be able to get $1 per day. For someone that might be ok, but their is always but. That $1 will be spread between 5 cryptocurrencies. Which means you need to hold 5 different cryptocurrencies to reach minimum withdrawal amount. Dont forget that minimum prices are growing, which means with time, you will earn less.

I just checked that to be honest 1$ a day is quite good in many situations. for instance, the minimum wage here is about 17$ /month.
But that annual yield rate is quite big if you ask me, makes me wonder about risk exposition when hunting passive income on casinos, it is also interesting how USDT occupies such a importance percentage of their staking pool, I would have expected BTC to have a protagonistic place, but it seems i was wrong.

Do you know where I can find more documentation on this staking pool or what other casinos offer similar yield to their clients?
I have no intentions to stake just get informed on how they manage to keep that yield so high.

[Justabhi]

You should definately check out these Solana marketplaces and maybe even invest . these are completely safe in 2022.
https://www.appcraver.com/nft/best-solana-nft-marketplaces-that-are-safe/

[LUCKMCFLY]

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

I have a friend who, when he invests in tokens like these, makes a strategy that I don't know if it's good or he just wants to get his tajkada and already, for example, he buys a lot of tokens, enough to make more than $20k, and he gets that he has a possible 20-30% pump when he does, so he just places a sell order guaranteeing that profit and after they get there they sell and voila, they don't care about anything else, but obviously he has more specialized focused thinking to being a market speculator, where he takes advantage of those market moments, obviously an investor has another type of thinking, so everything is valid, but only what each person wants to obtain from a project is taken into account.

[Captain Corporate]

That type of investment is not always great. I mean we should be a bit more careful with these investments because if you personally try to make it go up, and then sell to get out due to hype, then you are going to end up ruining the situation as well. Maybe they will sell when you buy instead of getting hyped? Maybe all of your purchases will be absorbed and not increase the price? We do not know any of this and we should be careful about it as well. I personally would prefer to keep it at a balanced level and make investment for the long term profit just for the dividends these tokens usually pay out.