Investing in Casino tokens such as BFG, OWL or TFS

[mak013]

This is the same for all the cryptocurrencies. It is possible to invest for a long time, but no one can guarantee that after next dump your tokens will cost anything. Today all markets are red, these tokens are same as the others. When you invest in offline casino - you see the equipment, the building, documents. When you invest in online casino - you just have to believe. It is not good for investing.

Tokens like Owl and BFG has a buy back mechanism to guarantee the value of the token regardless of the bear market because they are using the casino profit to give value to there tokens. This is the difference on project like this with working product that generate profit compared to typical shitcoin that is just pure development and no plans to protect the value of there token.

The buy back don`t guarantee anything. I invested in several projects with buy back. As a result - i`ve got profit only in 1 of them, in the others the price was down to the floor. So even here there is nothing new or unusual.
I don`t say that these projects are scam, i just say that if you decided to invest in such projects you have to use the same rules as with other tokens.

[Wakate]

This is the same for all the cryptocurrencies. It is possible to invest for a long time, but no one can guarantee that after next dump your tokens will cost anything. Today all markets are red, these tokens are same as the others. When you invest in offline casino - you see the equipment, the building, documents. When you invest in online casino - you just have to believe. It is not good for investing.

Tokens like Owl and BFG has a buy back mechanism to guarantee the value of the token regardless of the bear market because they are using the casino profit to give value to there tokens. This is the difference on project like this with working product that generate profit compared to typical shitcoin that is just pure development and no plans to protect the value of there token.

The buy back don`t guarantee anything. I invested in several projects with buy back. As a result - i`ve got profit only in 1 of them, in the others the price was down to the floor. So even here there is nothing new or unusual.
I don`t say that these projects are scam, i just say that if you decided to invest in such projects you have to use the same rules as with other tokens.

I think projects owned by casinos cam really worth the time investing in it of the casinos are ready to make sure their tokens are listed on the top exchanges like Binance and other ones. It is not easy at all to run a crypto project which sometimes used to end up being a weak project because of the efforts and how experienced is the team.

Casinos tokens are not that competitive in the market and sometimes the team do not always put more efforts to promote it to the stage where It will get more popular that will make investors to go for it whereby the liquidity will increase.

[delfastTions]

In fact, investing in cryptocurrencies in general is quite a risky business. 
And, as discussed in this topic, investing in crypto-casino tokens is all the more risky investment.  It is not known how the crypto-currency market as a whole will develop further, and crypto-casino tokens may also disappear.  However, those of us who use these tokens to play should certainly consider investing as long as the casino is open, its devs will not allow their tokens to be destroyed.  And then they can always be sold to players, that is, liquidity will definitely remain.  I'm not saying that money loss is possible.  Certainly possible.  But this is the essence of risky investments. 
And besides, remember how many tokens from ICO 2017-18 turned into "dust".  It was also a risky investment.

[Fredomago]

This is the same for all the cryptocurrencies. It is possible to invest for a long time, but no one can guarantee that after next dump your tokens will cost anything. Today all markets are red, these tokens are same as the others. When you invest in offline casino - you see the equipment, the building, documents. When you invest in online casino - you just have to believe. It is not good for investing.

Tokens like Owl and BFG has a buy back mechanism to guarantee the value of the token regardless of the bear market because they are using the casino profit to give value to there tokens. This is the difference on project like this with working product that generate profit compared to typical shitcoin that is just pure development and no plans to protect the value of there token.

The buy back don`t guarantee anything. I invested in several projects with buy back. As a result - i`ve got profit only in 1 of them, in the others the price was down to the floor. So even here there is nothing new or unusual.
I don`t say that these projects are scam, i just say that if you decided to invest in such projects you have to use the same rules as with other tokens.

Correct, there's no guarantee that even they are doing that buyback feature it's not the assurance that it will be profitable the chance that i will continue to decline when the community unable to see any good feature or any profitable potential from the project, it will be abandoned and will die eventually,.

Though in the case of casino tokens, they have the business and they have the investors who are willing to hold and enjoy the staking profitability, they are willing to wait and see till the progress of the token grows and eventually sell it when the value reach
the target value that they are aiming.

[suzanne5223]

You guys have a point and that's why people are always advised to do their research before making any investment.
As @lienfaye said, investment in well-established coins is the best and I don't think going coins like Shib which are always manipulated by the big player is a wise choice.
The something goes to casino native token, @lienfaye said he won't be surprised if the casino token performs well during this dip. How will it perform? What's its use case and utility?
This is the question people ought to ask themselves before going for any coin base on some certain hype.

Some people do really love to drive with the hype and there are some people who are really that keen on investing into something which doesnt really have  that much demand or actual utility of the said token
specially if its a casino based token which we know that it is really just good on spending those tokens inside the platform which it would really be that not that good for long term aspect.
If we do speak about current value then it would be understandable that it would go in line with the current existence of the platform which it had been tagged up.
On the time that platform does have some issues then expect that value of token would really go along with it.

Yes, some people love to follow the market hype when selecting their investment and they are those that always make complain about the market not doing well because they didn't choose the safe coin.
About casino tokens, even if the casino didn't have an issue that doesn't mean the token will perform well in the market because the casino crypto tokenomic and the number of users that make use of the token will determine the token trend.

[carlfebz2]

You guys have a point and that's why people are always advised to do their research before making any investment.
As @lienfaye said, investment in well-established coins is the best and I don't think going coins like Shib which are always manipulated by the big player is a wise choice.
The something goes to casino native token, @lienfaye said he won't be surprised if the casino token performs well during this dip. How will it perform? What's its use case and utility?
This is the question people ought to ask themselves before going for any coin base on some certain hype.

Some people do really love to drive with the hype and there are some people who are really that keen on investing into something which doesnt really have  that much demand or actual utility of the said token
specially if its a casino based token which we know that it is really just good on spending those tokens inside the platform which it would really be that not that good for long term aspect.
If we do speak about current value then it would be understandable that it would go in line with the current existence of the platform which it had been tagged up.
On the time that platform does have some issues then expect that value of token would really go along with it.

Yes, some people love to follow the market hype when selecting their investment and they are those that always make complain about the market not doing well because they didn't choose the safe coin.
About casino tokens, even if the casino didn't have an issue that doesn't mean the token will perform well in the market because the casino crypto tokenomic and the number of users that make use of the token will determine the token trend.

There's always those words of regrets and complaints whenever someone do really able to have those losses or negatives just to at least easing out their frustrations thats why its really normal to have those

words would be coming out from their mouths.There are indeed people who are really that a fan on jumping into some possible hypes specially if there are some people who do make out some recommendation
just because they do believe into their words.

Casino token investment isnt really that bad but we know that liquidity or volume wont really be that much which does simply imply that it doesnt really gain that much
activity in between.So its up to someones choice if they would continue or not.

[mak013]

The buy back don`t guarantee anything. I invested in several projects with buy back. As a result - i`ve got profit only in 1 of them, in the others the price was down to the floor. So even here there is nothing new or unusual.
I don`t say that these projects are scam, i just say that if you decided to invest in such projects you have to use the same rules as with other tokens.

I think projects owned by casinos cam really worth the time investing in it of the casinos are ready to make sure their tokens are listed on the top exchanges like Binance and other ones. It is not easy at all to run a crypto project which sometimes used to end up being a weak project because of the efforts and how experienced is the team.

Casinos tokens are not that competitive in the market and sometimes the team do not always put more efforts to promote it to the stage where It will get more popular that will make investors to go for it whereby the liquidity will increase.

Nowadays listing on Binance doesn`t means that the project really strong. In 2018-2019 listing on Binance was difficult and it meant that the devs really created at least an interesting product with good chances of success. But today we see that lots of weak projects are listed. May be with other exchanges we can see another situation.
About casino tokens. It doesn`t matter how much casinos in the market. Even exclusive projects can dump in a moment. These tokens are the same.

[dimonstration]

Mist of the casino tokens are going down and even those that have performed well previously do not have good trading volume right now the fact is instead of holding a highly volatile and none utility base token, I rather buy some casino-based token and hold it forever.

This is true. Casino tokens has source of income to recover the price through casino profit while the rest of the altcoin are just relying on traders speculation to maintain the price of the token. Casino token is the most sustainable tokens in bear market because there’s still gamblers that playing in the casino regardless of the market conditions while the rest of altcoins market is decreasing due to the fact that no one is buying and everyone is converting there altcoins to more safe tokens like stablecoins.

[delfastTions]

Mist of the casino tokens are going down and even those that have performed well previously do not have good trading volume right now the fact is instead of holding a highly volatile and none utility base token, I rather buy some casino-based token and hold it forever.

This is true. Casino tokens has source of income to recover the price through casino profit while the rest of the altcoin are just relying on traders speculation to maintain the price of the token. Casino token is the most sustainable tokens in bear market because there’s still gamblers that playing in the casino regardless of the market conditions while the rest of altcoins market is decreasing due to the fact that no one is buying and everyone is converting there altcoins to more safe tokens like stablecoins.

The casino is in any case a commercial organization and all the tokens that are issued by the casino in any case have some pretty serious security.
And you correctly noted that there are differences between crypto-casino tokens and ordinary tokens, which once in 2017-18 were released by everyone and in the amount of thousands. 98% of these tokens turned into scams and died.
But with cryptocasino tokens, the picture is completely different. The destruction of such tokens can only happen if the casino itself goes bankrupt. And nobody needs this bankruptcy, neither devs, nor investors, if there are any, and, of course, the players themselves do not need it at all.
So the probability of this event is still lower than that of ordinary tokens. Accordingly, their investment potential is higher.

[coinerer]

Mist of the casino tokens are going down and even those that have performed well previously do not have good trading volume right now the fact is instead of holding a highly volatile and none utility base token, I rather buy some casino-based token and hold it forever.

This is true. Casino tokens has source of income to recover the price through casino profit while the rest of the altcoin are just relying on traders speculation to maintain the price of the token. Casino token is the most sustainable tokens in bear market because there’s still gamblers that playing in the casino regardless of the market conditions while the rest of altcoins market is decreasing due to the fact that no one is buying and everyone is converting there altcoins to more safe tokens like stablecoins.

The casino is in any case a commercial organization and all the tokens that are issued by the casino in any case have some pretty serious security.
And you correctly noted that there are differences between crypto-casino tokens and ordinary tokens, which once in 2017-18 were released by everyone and in the amount of thousands. 98% of these tokens turned into scams and died.
But with cryptocasino tokens, the picture is completely different. The destruction of such tokens can only happen if the casino itself goes bankrupt. And nobody needs this bankruptcy, neither devs, nor investors, if there are any, and, of course, the players themselves do not need it at all.
So the probability of this event is still lower than that of ordinary tokens. Accordingly, their investment potential is higher.

It is true that as long as a casino site is alive, they do their best to maintain the value of their own tokens. Because many people use their own platform tokens for gambling.  People will slowly lose faith in that casino if they can't maintain the token price. Therefore, the price of gambling platform tokens has decreased relatively less than other tokens

[suzanne5223]

You guys have a point and that's why people are always advised to do their research before making any investment.
As @lienfaye said, investment in well-established coins is the best and I don't think going coins like Shib which are always manipulated by the big player is a wise choice.
The something goes to casino native token, @lienfaye said he won't be surprised if the casino token performs well during this dip. How will it perform? What's its use case and utility?
This is the question people ought to ask themselves before going for any coin base on some certain hype.

Some people do really love to drive with the hype and there are some people who are really that keen on investing into something which doesnt really have  that much demand or actual utility of the said token
specially if its a casino based token which we know that it is really just good on spending those tokens inside the platform which it would really be that not that good for long term aspect.
If we do speak about current value then it would be understandable that it would go in line with the current existence of the platform which it had been tagged up.
On the time that platform does have some issues then expect that value of token would really go along with it.

Yes, some people love to follow the market hype when selecting their investment and they are those that always make complain about the market not doing well because they didn't choose the safe coin.
About casino tokens, even if the casino didn't have an issue that doesn't mean the token will perform well in the market because the casino crypto tokenomic and the number of users that make use of the token will determine the token trend.

There's always those words of regrets and complaints whenever someone do really able to have those losses or negatives just to at least easing out their frustrations thats why its really normal to have those

words would be coming out from their mouths.There are indeed people who are really that a fan on jumping into some possible hypes specially if there are some people who do make out some recommendation
just because they do believe into their words.

Casino token investment isnt really that bad but we know that liquidity or volume wont really be that much which does simply imply that it doesnt really gain that much
activity in between.So its up to someones choice if they would continue or not.

You understand my perspective. I also don't see casino token investment as something bad but when it comes to playing safe I don't see any reason why I would personally invest in casino tokens because it won't gain much liquidity and volume and if you ask every gambler 90% of them will say there's no reason for a casino to create own token when there's enough crypto in the market that they can easily integrate as payment on their platform.

[Fredomago]

snip

I am also agreeing with that following hype for the trading is not the right strategy for trading. But I see now here lots of video  on youtube about it is specially based on short-term trading . Many times it is possible to gain profit by following the hype. But it often leads to big losses, so I also think it is important to learn market analysis and then trade for professional trading.

When one is able to shoot at the first stage when the hype starts and catch the profit as soon as it starts, they can earn some money from the hype. But those who invest at the wrong time suffer most of the losses . So if you want to invest in the hype, you have to invest in the first stage of the hype, then there will be a chance of making a profit.

The timing is very important and like what you said, if you can place your position or your investment from the first wave of hype, the amount of potential profits that you can gain is really high. But, if the timing was wrong the chance that you are risking a huge amount of your investment is always there to follow, pump and dump will put you in a risky place so it's really your good knowledge that will save your ass not to lose a lot of money in kind of investment that you are just following the hypes.

You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.

[Lanatsa]

snip

I am also agreeing with that following hype for the trading is not the right strategy for trading. But I see now here lots of video  on youtube about it is specially based on short-term trading . Many times it is possible to gain profit by following the hype. But it often leads to big losses, so I also think it is important to learn market analysis and then trade for professional trading.

When one is able to shoot at the first stage when the hype starts and catch the profit as soon as it starts, they can earn some money from the hype. But those who invest at the wrong time suffer most of the losses . So if you want to invest in the hype, you have to invest in the first stage of the hype, then there will be a chance of making a profit.

Timing is everything and thats really very crucial when it comes to crypto investment because if you do find yourself investing when the hype is on its peak then high chances that you would really be losing money

as the value would really be going down afterwards which is something a very very normal scenario or event that do happen for any project tokens out there.Dont make yourself do end up with those bad decisions.

Its up to someone whether they would be investing on casino based tokens or not since its their money then its their rules.

[makishart]

snip

I am also agreeing with that following hype for the trading is not the right strategy for trading. But I see now here lots of video  on youtube about it is specially based on short-term trading . Many times it is possible to gain profit by following the hype. But it often leads to big losses, so I also think it is important to learn market analysis and then trade for professional trading.

When one is able to shoot at the first stage when the hype starts and catch the profit as soon as it starts, they can earn some money from the hype. But those who invest at the wrong time suffer most of the losses . So if you want to invest in the hype, you have to invest in the first stage of the hype, then there will be a chance of making a profit.

We can't deny that even when gambling tokens were always regulardly distributing the dividend to the its holders but it doesn't mean if it can decouple from the crypto market. This is the fact whatever good things that already done as long as the market was still bearish and tokens will be also getting dumped too. This proves that if gambling tokens can't even sustain during the bearish trend.
It's also following the market like another common tokens in the market. This is the rule in the crypto market.

[EarnOnVictor]

The timing is very important and like what you said, if you can place your position or your investment from the first wave of hype, the amount of potential profits that you can gain is really high. But, if the timing was wrong the chance that you are risking a huge amount of your investment is always there to follow, pump and dump will put you in a risky place so it's really your good knowledge that will save your ass not to lose a lot of money in kind of investment that you are just following the hypes.

You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.

You are wise, we should not be blind holders of any coin or token, while the case of tokens is even worse because many of them are considered irrelevant after a while due to the manner they behave. This is after high promises and hope on how they will behave. I have been the victim of many tokens in the past, but I am now wise especially when the tokens are still new. I give them time to allow proper study and speculation on them, yet most of them always disappoint me, while some will perform beyond expectation, but will later still disappoint.

[BobK71]

The timing is very important and like what you said, if you can place your position or your investment from the first wave of hype, the amount of potential profits that you can gain is really high. But, if the timing was wrong the chance that you are risking a huge amount of your investment is always there to follow, pump and dump will put you in a risky place so it's really your good knowledge that will save your ass not to lose a lot of money in kind of investment that you are just following the hypes.

You need to keep doing your research and have a big patience not to allow yourself being entice by the developers, which can be a scammer after.

You are wise, we should not be blind holders of any coin or token, while the case of tokens is even worse because many of them are considered irrelevant after a while due to the manner they behave. This is after high promises and hope on how they will behave. I have been the victim of many tokens in the past, but I am now wise especially when the tokens are still new. I give them time to allow proper study and speculation on them, yet most of them always disappoint me, while some will perform beyond expectation, but will later still disappoint.

You have to choose correct project despite fear and frustration in Crypto Market. In this concern require proper project research. Here I heard the name of the BFG project a long time ago. They have been conducting business for a long time with reputation. Another thing is that the gamblers are doing a lot of gamble in every day in this project. As a result, it will be able to increase the confidence of any investors.

[paxmao]

It is important to never ever confuse a token with something even remotely similar to a stock share or any legal instrument conferring property. Tokens are pretty much unregulated and they carry a million pages long disclaimer which can usually be summed up in: you are giving your money but you have not rights, particularly you have no right to complaint no matter what I decide to do.

[Lanatsa]

snip

I am also agreeing with that following hype for the trading is not the right strategy for trading. But I see now here lots of video  on youtube about it is specially based on short-term trading . Many times it is possible to gain profit by following the hype. But it often leads to big losses, so I also think it is important to learn market analysis and then trade for professional trading.

When one is able to shoot at the first stage when the hype starts and catch the profit as soon as it starts, they can earn some money from the hype. But those who invest at the wrong time suffer most of the losses . So if you want to invest in the hype, you have to invest in the first stage of the hype, then there will be a chance of making a profit.

Timing is everything and thats really very crucial when it comes to crypto investment because if you do find yourself investing when the hype is on its peak then high chances that you would really be losing money

as the value would really be going down afterwards which is something a very very normal scenario or event that do happen for any project tokens out there.Dont make yourself do end up with those bad decisions.

Its up to someone whether they would be investing on casino based tokens or not since its their money then its their rules.

I have seen very little hype among casino based tokens . Casino tokens are often seen as stable. must of the hype can be seen in utility tokens . It is up to everyone whether they invest in hype or not.  But it is always better to stay away from hype .

Its never been good to make yourself get dragged with any hype because it would eventually cause up some problems later on.Its true that when it comes to movement then these coins doesnt really move
much and the ones who would be mainly moving are to those early investors or pre-sale buyers and the rest of them are to those who just simply been interested on accumulating these casino based tokens.
Expect that liquidity would really be that less compared into other coins which does have different utility or not simply limited on gambling platform and as i been said
that when it comes to usage then there's no other place on where you could make use of these tokens.

[DoublerHunter]

It is important to never ever confuse a token with something even remotely similar to a stock share or any legal instrument conferring property. Tokens are pretty much unregulated and they carry a million pages long disclaimer which can usually be summed up in: you are giving your money but you have not rights, particularly you have no right to complaint no matter what I decide to do.

^ It seems that you have a point but in my mind still have this question, how do you determine them as a good investment, by a reputable name?
But in a new gambling company that has a token to invest, that is not a good investment at all, it should be already a very popular and reputable name like freebitco.in that investors on token never doubt. However, investing in tokens is very risky, and there is no assurance of having profit.

[danadc]

~snip

~snip

Everybody has his own strategy. I agree that every portfolio needs to have bitcoin in its wallet but my share is about 50%. Other than that, I have a dozens of altcoins varying from ETH, BNB to shitcoins as SHIB and a small part of casino tokens.

There are so many shitcoins in the market now and some persons are taking the risks of holding large quantities of coins that may not survive the market in a long run. Bitcoin is the major coins that could safe us from the market in a long run so it will be good for us to rely on Bitcoin maybe with large amount of our funds than holding some project tokens that may not have enough liquidity to go far in a long range of time. There are still some project tokens that are good to be hold for just a short while since the market is not that predictable.

Well yes, We have different strategy in keeping our portfolio, We all have different risk appetite and this levels our percentage of altcoins we have. Having majority of your portfolio into altcoin doesn't mean that you are holding a bigger risk against other. I think it's all about the coins we are holding. Like these casino tokens, I'm a bit uncertain to these honestly and I don't plan to hold or acquire one soon.

It is not a bad idea, there is a lot of talk about having several coins in a wallet, maybe at some point there will be a good boost for these coins and you will have that luck that many people look for when buying a cryptocurrency, I have BFG tokens and I have them in the casino, the interests that it generates in other cryptocurrencies are not many, I do not know if it is necessary to have many tokens so that it can have more profitability, the experts who have been in the casino for longer than me can attest if it is worth the pity or not, the investors who are from the beginning with the casino when all the staking started that had more profits.