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Author Topic: Investing in Casino tokens such as BFG, OWL or TFS  (Read 8222 times)
CuriousGeorge
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October 05, 2022, 11:20:09 PM
 #521

You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.
If for the purpose of getting dividends then you have to consider the risk of holding gambling tokens because they are not stable tokens and gambling tokens are very low in volume so they can crash at any time, so hunting for profits from dividends is not effective compared to the impact of losses and is better for short term trading despite getting low profits.
Yeah but im sure dividend was not the main aim for people buying the gambling tokens. They need huge capital to get good amounts of dividend. The volatility is also affecting the capital and that's why owned of token will prefer to see the price to go up rather than going down drastically. The price of token is very important to the buyers. I think capital gain was the most important thing

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AmoreJaz
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October 05, 2022, 11:34:06 PM
 #522

You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.
If for the purpose of getting dividends then you have to consider the risk of holding gambling tokens because they are not stable tokens and gambling tokens are very low in volume so they can crash at any time, so hunting for profits from dividends is not effective compared to the impact of losses and is better for short term trading despite getting low profits.
Yeah but im sure dividend was not the main aim for people buying the gambling tokens. They need huge capital to get good amounts of dividend. The volatility is also affecting the capital and that's why owned of token will prefer to see the price to go up rather than going down drastically. The price of token is very important to the buyers. I think capital gain was the most important thing

investment in casino token is only favourable if you have other things in mind aside from the potential dividends that you will get. some casinos are offering other rewards or bonuses if you will use their tokens. but relying on dividends for potential profit, i believe, is not really worth it. as time goes by, most of these tokens decline its value. so even if you are earning more dividends, still the total amount you will get is low because of the decreasing value. unless, the casino is continuously growing and their token's price is also increasing its price in the market. but if you are just after for the dividends, you may end up regretting investing on this casino token.

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ethereumhunter
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October 06, 2022, 02:02:40 AM
 #523

To be honest, I don’t really imagine who an investor in gambling site tokens is.  Apparently, these investments cannot be too large, because such an investment is super risky.  And serious large investors who invest tens and hundreds of thousands of dollars are well able to calculate risks and profits.  Therefore, such investors can only be small investors, investing a maximum of 1-2 thousand dollars.  But it can't even be called an investment. 
This is just a small private contribution.
Yes, such an investment is very risky because we don't know if the casino tokens can compete with other coins and tokens. Besides, casino tokens still need time to develop and are among the top coins for investment. But maybe the big investors who use a lot of money already have their own calculations to accept whatever will happen in the future. Even though the investment used is 1-2 thousand dollars, it is still big money even though they are big investors.

Yes, we can get some additional benefits from holding tokens and increase our profit. But the price of tokens during this time may fall so much that we will lose money. I was in several such projects, never made a profit when I decided to hold tokens. Even looking at these 3 projects, only one of them has a higher price than it was at the start.
Maybe it's because the market conditions haven't changed and are still under. Those of you who act as investors and others certainly hope that the token's price can increase one day and if the token can provide some additional benefits, maybe the price can increase later. So maybe what you can do right now is to keep holding on to the token while enjoying the benefits it brings to you and other investors.

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Peanutswar
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October 06, 2022, 02:49:45 AM
 #524

You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.
If for the purpose of getting dividends then you have to consider the risk of holding gambling tokens because they are not stable tokens and gambling tokens are very low in volume so they can crash at any time, so hunting for profits from dividends is not effective compared to the impact of losses and is better for short term trading despite getting low profits.
Yeah but im sure dividend was not the main aim for people buying the gambling tokens. They need huge capital to get good amounts of dividend. The volatility is also affecting the capital and that's why owned of token will prefer to see the price to go up rather than going down drastically. The price of token is very important to the buyers. I think capital gain was the most important thing

investment in casino token is only favourable if you have other things in mind aside from the potential dividends that you will get. some casinos are offering other rewards or bonuses if you will use their tokens. but relying on dividends for potential profit, i believe, is not really worth it. as time goes by, most of these tokens decline its value. so even if you are earning more dividends, still the total amount you will get is low because of the decreasing value. unless, the casino is continuously growing and their token's price is also increasing its price in the market. but if you are just after for the dividends, you may end up regretting investing on this casino token.

It depends how does the investor will use those coins because some of the coins like these have different utitiilies that's the reason why people keep holding the coins but of course it is all depends on the perks some people still goes to the market volatility and choose other coins to get a good profit, and most likely it is have a return higher than the annual percentage profit so people more likely decided to choose it than having the coins less volatile.

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October 06, 2022, 05:15:21 AM
 #525

A good understanding and an established trust will allow you to wait and patiently hold either you choose casino tokens or another alternative assets to invest your money.
Patient and holding always never be profitable . Because if we make a wrong decision without understanding and wait by investing in a scam token then it will not be good for us rather we will lose all our money. So we always need a proper analysis and proper decision to invest .

There are Bitcoin holders who are holding Bitcoin for years with tons of patience. How is it different than holding BFG for example that pays you interest as well?
All crypto trading and holding is risky including bitcoin . but if you can take entry in good time and sell when you get some profit it will be better then holding . holding can give you a big opportunity to get rich but it will not all the time. many time it is depend in your trading skill and many time it is depend in luck .
There's no free risk thing in the crypto. People called those major coins as safe risk investment caused by liquidity that can help them to leave from the market instantly. the only problem is it's very hard to determine which correct price to enter in the tokens with low volume. The majority of gambling tokens have low volume. Remember once someone with big chunk came to the market and he can create chaos by creating an instant dump.
This will be draining all of volumes in the market. Im not sure that you can always buy at bottom and sell at the top easily. Liquidity has been preventing it to happen. How hard selling big chunks of tokens.

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October 06, 2022, 06:19:54 AM
 #526

It depends how does the investor will use those coins because some of the coins like these have different utitiilies that's the reason why people keep holding the coins but of course it is all depends on the perks some people still goes to the market volatility and choose other coins to get a good profit, and most likely it is have a return higher than the annual percentage profit so people more likely decided to choose it than having the coins less volatile.
If I want to gamble and I see the coins that belong to a gambling site and the price is not that volatile, I may go for it. But if I want to invest for the next bull market, I will prefer to just invest in coins like bitcoin and other common ones like ether, litecoin etc

Thinking about investment is not bad. coz no risk no gain. if you want to make money by any type of business you must accept risk and investment a capital of money. but if your business is crypto based then it will more risk on the other hand you will get more profit then another type of business . so it is not a matter where you invest your money . this is matter that how much risk you can accept and How experienced are you on crypto
But it is still depend on where you invest too. I will be a little different because my focus is not beyond cryptocurrencies. People decide to invest in one coin more than another. I can decide to invest in both bitcoin or a well know altcoin and also gambling site coin. If I do that, I will prefer to invest most on bitcoin while just very little on gambling site coins. I even checked the marketcap of some of the gambling site coins, I could not see it, which indicates how not well established they are yet.

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October 06, 2022, 08:50:19 AM
 #527

BFG Token has good reputation as a major platform in the gambling world in recent times. BetFury (BFG) is a leading social crypto casino platform. The platform has notable features and valuable products for users. Moreover, they are moving forward with the goal of further developing this platform. A gambler gets BFG tokens for every bet that is currently tradable on the exchanges and can also earn well from their web page through staking if they want.

Yes, you are right, but there is a small problem. Betfury users wait a very long time for BFG listed on a major cryptocurrency exchange. The token is traded, but the liquidity of BFG is low and there are very few exchanges to buy it. If this problem is solved, BFG will be a good investment.

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October 06, 2022, 11:17:11 AM
 #528

Yes, we can get some additional benefits from holding tokens and increase our profit. But the price of tokens during this time may fall so much that we will lose money. I was in several such projects, never made a profit when I decided to hold tokens. Even looking at these 3 projects, only one of them has a higher price than it was at the start.
Thats why there's a reason why gambling casino offering their own coin at the same time because of the benefits that the user can get by holding in the long term if they really trust the platform of course there's a utility to make sure the players will really hold those coins still it is good if there's a market circulation with the coin they are offering and backup incase some people make a dump with their coins to prevent players getting fomo. Currently I'm holding some of them at the same time BTC hoping it will not makes a ride with the market volatility and bitcoin dominance.
I know these reasons but it means nothing if the price dumped. It is the same for all cryptocurrency projects - you can believe in project and hold tokens, but you can lose them too. The best choice is to return your money first of all and after it hold. And you have to sell tokens for it.


Yes, we can get some additional benefits from holding tokens and increase our profit. But the price of tokens during this time may fall so much that we will lose money. I was in several such projects, never made a profit when I decided to hold tokens. Even looking at these 3 projects, only one of them has a higher price than it was at the start.
You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.
I don`t need to imagine it, i was in such projects and lost money. There are different reasons for dump but anyway you lose money. Tokens being cerate to get money and tokens holders can get profit only selling it in right moment.


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October 06, 2022, 05:30:02 PM
 #529

The token value of casino games is generally stable or down trend. Its price tends to fall in bearish markets but does not rise much in bullish markets. As a result, those who are large investors are not very interested in investing large amounts in these tokens. However, the demand  for tokens from casinos that are well established. The big investments are expected in these tokens in the next few years. The token price of well-established casinos will be increased.
Most of these tokens were created during the bear run, which is why we haven't seen their full potential just yet. We need to wait to see a bull run and how they will do during that bull run. You are saying they do not go up much during bull run but we haven't had a proper bull run (like we break over ATH) since these were created, so I am not expecting them to stay the same level during that period.

I am not claiming that they are going to be fine or anything like that, all I am saying is that it is not going to be that easy for us to see if they will do well or not, we need to wait and we are going to do a lot better in the long run for sure.
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October 06, 2022, 06:31:38 PM
 #530

The token value of casino games is generally stable or down trend. Its price tends to fall in bearish markets but does not rise much in bullish markets. As a result, those who are large investors are not very interested in investing large amounts in these tokens. However, the demand  for tokens from casinos that are well established. The big investments are expected in these tokens in the next few years. The token price of well-established casinos will be increased.
Most of these tokens were created during the bear run, which is why we haven't seen their full potential just yet. We need to wait to see a bull run and how they will do during that bull run. You are saying they do not go up much during bull run but we haven't had a proper bull run (like we break over ATH) since these were created, so I am not expecting them to stay the same level during that period.

I am not claiming that they are going to be fine or anything like that, all I am saying is that it is not going to be that easy for us to see if they will do well or not, we need to wait and we are going to do a lot better in the long run for sure.

The next coming bull run might give some light to all those investors who bought their assets during the heavy downfall, crypto industry will bounce back and all those tokens and coins that are still surviving might experienced good bounce up, and like what you said there's no assurance but a hope we might see all these casino tokens to also experienced good bounce and provide a good amount of profits to all those who believe and support the project.

Waiting game for investors who understand the concepts and are willing to wait for a big market pump.

Nothing is sure, but the chance is always possible when the project developers continue to work with their coin.

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October 06, 2022, 08:22:04 PM
 #531


Yes, you are right, but there is a small problem. Betfury users wait a very long time for BFG listed on a major cryptocurrency exchange. The token is traded, but the liquidity of BFG is low and there are very few exchanges to buy it. If this problem is solved, BFG will be a good investment.

While you are right, we also just need to be patient and not a lot of people are good in that. I think we all want that Betfury will list their token on major exchanges as Binance or Kucoin, Bittrex, ... but it takes a while so in the mean we just need to gather some more BFG tokens  Wink.



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October 06, 2022, 08:40:54 PM
 #532


Yes, you are right, but there is a small problem. Betfury users wait a very long time for BFG listed on a major cryptocurrency exchange. The token is traded, but the liquidity of BFG is low and there are very few exchanges to buy it. If this problem is solved, BFG will be a good investment.

While you are right, we also just need to be patient and not a lot of people are good in that. I think we all want that Betfury will list their token on major exchanges as Binance or Kucoin, Bittrex, ... but it takes a while so in the mean we just need to gather some more BFG tokens  Wink.
Gather if you could really bare up the risk because it doesnt always end up on being positive.If they do have plans on getting listed on Binance or other big platforms then its good that they do have that kind of plans
but it doesnt still ensure that it would really happen in the future but at least you are really hoping in something. Patience is indeed one of the biggest issue that we would really have.
If you do choose up something on which you would really be investing then it would be normal that you would really be having that kind of emotion handling and patience.
Risk taking is normal for casino tokens and its up on someones choice as always.
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October 07, 2022, 01:06:45 AM
 #533

The difference is that when you hold bitcoin today, you are sure that years to come, you will wake and still meet your bitcoin in whatever value it might be. But this cannot be said about casino tokens which may not be here by tomorrow. That is the great difference between holding BFG and holding bitcoin.

Correct, but Bitcoin doesn't pay you interest unless if you use a 3rd party and then you rely on that 3rd party, and still the interest won't be high - and here tokens like BFG pay you over 50% annually (as of now) which is quite massive.

Over time it's hard to tell, but if you pull out on time you can make nice gains.

With Bitcoin no one knows if 5-10 years from now it would be worth $20k or $100k, you can bet on it but there are no guarantees it would happen. Look at Litecoin, used to be $250 and more and now it's 5 times less than that.


It is as they say, I bought the BFG tokens because they produce many benefits for me, but I also have something in mind, if Bitcoin is not sold and we have it, it is not something that can generate other cryptocurrencies, but what Bitcoin generates is something much more ambitious , it is more money, because the more time bitcoin passes, the more it will be valued, for me this is something that will not change and will have more impact, that is why the Hodl is so much touted, for me the BFG is a token that has a lot future, but I don't know how its performance will be in the long term, I don't know if it will die or stay, for me it is uncertain, which cannot be compared with bitcoin that everything will be better for those who have it.

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October 07, 2022, 07:25:30 AM
 #534


Yes, you are right, but there is a small problem. Betfury users wait a very long time for BFG listed on a major cryptocurrency exchange. The token is traded, but the liquidity of BFG is low and there are very few exchanges to buy it. If this problem is solved, BFG will be a good investment.

While you are right, we also just need to be patient and not a lot of people are good in that. I think we all want that Betfury will list their token on major exchanges as Binance or Kucoin, Bittrex, ... but it takes a while so in the mean we just need to gather some more BFG tokens  Wink.
I can't imagine what would happen to those casino tokens if they were all listed on the major exchanges because they could get more attention from traders, especially investors. There is a possibility that the price will immediately jump because the major exchanges will often get pumps from traders or investors. But at the very least, the price can get the best if it can be listed on the major exchanges. So we'd better wait for the updates of each of those casino projects and hope they all get a spot on the major exchanges.

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October 07, 2022, 09:29:26 AM
 #535

There are Bitcoin holders who are holding Bitcoin for years with tons of patience. How is it different than holding BFG for example that pays you interest as well?
The difference is that when you hold bitcoin today, you are sure that years to come, you will wake and still meet your bitcoin in whatever value it might be. But this cannot be said about casino tokens which may not be here by tomorrow. That is the great difference between holding BFG and holding bitcoin.
No one knows what can happen in the future. Btc have gone a long way already but we don't know if the same thing can happen again or not. I am not discouraging the btc users here but better if we are aware of every possibilities. If you sleep for a long years and then wake up to see your btc.

Your btc might still be there but the question is if it's still valuable? We don't know, what if it gets delisted someday because some new super currencies are taking over. The same thing can be applied to those casino tokens. Taking a proper care with our keys should also be practiced if we are investing for a long year so that we are sure that we can still open our wallets.

It is true that bitcoin has lasted long already and no one can accurately predict the future . You asked what if bitcoin is delisted someday. It is possible but even if it will happen, there will be enough wave and turbulence in the whole industry to the understanding of everyone.

In a community, if the King dies, every member of the community will be aware and there would be massive mourning. But if an ordinary citizen dies no many people will be aware. If bitcoin is to die, it will not die like some coins which will die immediately the developer team shut their computer.

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October 10, 2022, 02:07:47 PM
 #536

There are Bitcoin holders who are holding Bitcoin for years with tons of patience. How is it different than holding BFG for example that pays you interest as well?
The difference is that when you hold bitcoin today, you are sure that years to come, you will wake and still meet your bitcoin in whatever value it might be. But this cannot be said about casino tokens which may not be here by tomorrow. That is the great difference between holding BFG and holding bitcoin.
No one knows what can happen in the future. Btc have gone a long way already but we don't know if the same thing can happen again or not. I am not discouraging the btc users here but better if we are aware of every possibilities. If you sleep for a long years and then wake up to see your btc.

Your btc might still be there but the question is if it's still valuable? We don't know, what if it gets delisted someday because some new super currencies are taking over. The same thing can be applied to those casino tokens. Taking a proper care with our keys should also be practiced if we are investing for a long year so that we are sure that we can still open our wallets.

It is true that bitcoin has lasted long already and no one can accurately predict the future . You asked what if bitcoin is delisted someday. It is possible but even if it will happen, there will be enough wave and turbulence in the whole industry to the understanding of everyone.

In a community, if the King dies, every member of the community will be aware and there would be massive mourning. But if an ordinary citizen dies no many people will be aware. If bitcoin is to die, it will not die like some coins which will die immediately the developer team shut their computer.
It is that the chances of Bitcoin dying are very low, I would say that they are very scarce, but everything in this life is possible, so it cannot be said that it is impossible, but if we put it in the way that Bitcoin sustains many economies, so much so that I dare to say that a large part of a country like El Salvador also depends on the movements of Bitcoin, and that its president has gone through terrible times, has been heavily criticized, that is something that we could say that at this time It is happening, but by the time Bitcoin takes a bullish trend, with probably a new ATH, then Bukele will be a genius, so for now and for a long time it is unlikely that bitcoin will die.

The difference is that when you hold bitcoin today, you are sure that years to come, you will wake and still meet your bitcoin in whatever value it might be. But this cannot be said about casino tokens which may not be here by tomorrow. That is the great difference between holding BFG and holding bitcoin.

Correct, but Bitcoin doesn't pay you interest unless if you use a 3rd party and then you rely on that 3rd party, and still the interest won't be high - and here tokens like BFG pay you over 50% annually (as of now) which is quite massive.

Over time it's hard to tell, but if you pull out on time you can make nice gains.

With Bitcoin no one knows if 5-10 years from now it would be worth $20k or $100k, you can bet on it but there are no guarantees it would happen. Look at Litecoin, used to be $250 and more and now it's 5 times less than that.


It is as they say, I bought the BFG tokens because they produce many benefits for me, but I also have something in mind, if Bitcoin is not sold and we have it, it is not something that can generate other cryptocurrencies, but what Bitcoin generates is something much more ambitious , it is more money, because the more time bitcoin passes, the more it will be valued, for me this is something that will not change and will have more impact, that is why the Hodl is so much touted, for me the BFG is a token that has a lot future, but I don't know how its performance will be in the long term, I don't know if it will die or stay, for me it is uncertain, which cannot be compared with bitcoin that everything will be better for those who have it.

compare bitcoin and gambling token it can not. because they have very different functions.
bitcoin is no doubt almost some investors in various countries believe bitcoin as a promising long-term asset. but we can't compare it with BFG tokens or other gambling tokens.
we don't know what will happen to the BFG gambling token but if the BFG gambling company continues to develop its project maybe in the future the token will also have a valuable value in the gambling token.
A token is a token, tokens, altcoins will always fall into the same category for me, because Bitcoin has its own life, so this is something that represents the entire crypto world, there are many things when we are newbies, ideally It is that you start knowing bitcoin and as a second option any other crypto, because sometimes it happens like it happened to me, I entered a project of a currency where they said it would be 'bigger than BTC itself, so this type of project has this type of peculiarities, and knowledge usually comes late, if it is not because one begins to read, to investigate to know something about the charts, anyone at this time can think that any token or coin will be bigger than BTC and that is a conceptual error, since the King is Bitcoin.


If we put the following scenario into context: If we have that Bitcoin rose to $100k, those who had BTC would automatically be millionaires, but those who have had BFG, OWL tokens, how much do you think they will do 1x, 2x, or Xx? because if this is what any investor expects when they make purchases of Tokens, none wait for it to rise and see it high, investors know that if the price rises they will make some withdrawals in profits, if this is so, how much do they think that can you climb? taking into account all the events of each casino, of everything they have had to do to keep their native tokens.

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October 11, 2022, 01:21:08 AM
 #537

The difference is that when you hold bitcoin today, you are sure that years to come, you will wake and still meet your bitcoin in whatever value it might be. But this cannot be said about casino tokens which may not be here by tomorrow. That is the great difference between holding BFG and holding bitcoin.

Correct, but Bitcoin doesn't pay you interest unless if you use a 3rd party and then you rely on that 3rd party, and still the interest won't be high - and here tokens like BFG pay you over 50% annually (as of now) which is quite massive.

Over time it's hard to tell, but if you pull out on time you can make nice gains.

With Bitcoin no one knows if 5-10 years from now it would be worth $20k or $100k, you can bet on it but there are no guarantees it would happen. Look at Litecoin, used to be $250 and more and now it's 5 times less than that.


It is as they say, I bought the BFG tokens because they produce many benefits for me, but I also have something in mind, if Bitcoin is not sold and we have it, it is not something that can generate other cryptocurrencies, but what Bitcoin generates is something much more ambitious , it is more money, because the more time bitcoin passes, the more it will be valued, for me this is something that will not change and will have more impact, that is why the Hodl is so much touted, for me the BFG is a token that has a lot future, but I don't know how its performance will be in the long term, I don't know if it will die or stay, for me it is uncertain, which cannot be compared with bitcoin that everything will be better for those who have it.

compare bitcoin and gambling token it can not. because they have very different functions.
bitcoin is no doubt almost some investors in various countries believe bitcoin as a promising long-term asset. but we can't compare it with BFG tokens or other gambling tokens.
we don't know what will happen to the BFG gambling token but if the BFG gambling company continues to develop its project maybe in the future the token will also have a valuable value in the gambling token.
Bitcoin is an established coin and already proven its worth. Even the market is in bearish it doesnt plunged drastically unlike other coins. Casino tokens are different and has their own uses particularly in its casino's ecosystem. There's a benefit holding a casino token if you're a gambler (like the staking opportunity of BFG), thus it's not a bad decision if you think or believe that it's worthy also to invest in casino tokens. We are still in bearish season and the coins are declining, we have a choice now on what we think is the best choice that can likely bring profit to us in the future.

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October 11, 2022, 01:46:54 AM
 #538


Yes, you are right, but there is a small problem. Betfury users wait a very long time for BFG listed on a major cryptocurrency exchange. The token is traded, but the liquidity of BFG is low and there are very few exchanges to buy it. If this problem is solved, BFG will be a good investment.

While you are right, we also just need to be patient and not a lot of people are good in that. I think we all want that Betfury will list their token on major exchanges as Binance or Kucoin, Bittrex, ... but it takes a while so in the mean we just need to gather some more BFG tokens  Wink.
I can't imagine what would happen to those casino tokens if they were all listed on the major exchanges because they could get more attention from traders, especially investors. There is a possibility that the price will immediately jump because the major exchanges will often get pumps from traders or investors. But at the very least, the price can get the best if it can be listed on the major exchanges. So we'd better wait for the updates of each of those casino projects and hope they all get a spot on the major exchanges.
Investing on casinos that has there own token can be a big opportunity if we are a real gambler of that casino which can help is have large holdings of such a token of we really interested in been an holder for a long time. I have some of the token of many of the casinos we have here and I see it as an opportunity for me to be a real holder with great future.
The future actually depends on how good platforms developing the product. As far as i know if most of gambling tokens were dumping so hard due to the bearish trend and these tokens have small liquidity at this moment., That means if for me this token is not worthy to be considered as investment for now. The problem is when so many people were not even paying attention to the gambling tokens and the growth will be stagnant. I have been watching it. It seems like that there's no gambling token that was making a good growth.

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October 11, 2022, 05:43:31 PM
 #539

compare bitcoin and gambling token it can not. because they have very different functions.
bitcoin is no doubt almost some investors in various countries believe bitcoin as a promising long-term asset. but we can't compare it with BFG tokens or other gambling tokens.
we don't know what will happen to the BFG gambling token but if the BFG gambling company continues to develop its project maybe in the future the token will also have a valuable value in the gambling token.
Bitcoin is too much of a big example, not only that gambling tokens are far away from it, but everything else is far away from it. I compare these with "ideas" of other projects. Like NFT is an idea, P2E was an idea, Metaverse was an idea, DeFi projects were ideas, basically these are all utilities and ideas of projects and now we have gambling just like that. When you compare them all, which one do you see at the top?

I can tell you easily that even though they pass each other at times, it's clear that they all get hype at some point, and then go down eventually and there is no reason to believe that one is better than the other, it all comes down to project.
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October 11, 2022, 07:08:13 PM
 #540


Yes, you are right, but there is a small problem. Betfury users wait a very long time for BFG listed on a major cryptocurrency exchange. The token is traded, but the liquidity of BFG is low and there are very few exchanges to buy it. If this problem is solved, BFG will be a good investment.

While you are right, we also just need to be patient and not a lot of people are good in that. I think we all want that Betfury will list their token on major exchanges as Binance or Kucoin, Bittrex, ... but it takes a while so in the mean we just need to gather some more BFG tokens  Wink.
I can't imagine what would happen to those casino tokens if they were all listed on the major exchanges because they could get more attention from traders, especially investors. There is a possibility that the price will immediately jump because the major exchanges will often get pumps from traders or investors. But at the very least, the price can get the best if it can be listed on the major exchanges. So we'd better wait for the updates of each of those casino projects and hope they all get a spot on the major exchanges.
Investing on casinos that has there own token can be a big opportunity if we are a real gambler of that casino which can help is have large holdings of such a token of we really interested in been an holder for a long time. I have some of the token of many of the casinos we have here and I see it as an opportunity for me to be a real holder with great future.
The future actually depends on how good platforms developing the product. As far as i know if most of gambling tokens were dumping so hard due to the bearish trend and these tokens have small liquidity at this moment., That means if for me this token is not worthy to be considered as investment for now. The problem is when so many people were not even paying attention to the gambling tokens and the growth will be stagnant. I have been watching it. It seems like that there's no gambling token that was making a good growth.

I see your point and it's true that things will be depending on how the developers/casino owners will take care of their project, if they are aiming for more investors they needed to bring interest with their project to attract more people to invest and support the coin. If they will just rely with the business, it won't attract more people to engaged, though the chance is always equal to all project developers it will continue to depend with how the team will work it out and try to bring additional usages of their coin aside from an investing asset in terms of staking shares.

Though for those long-term followers who invested with casino, tokens are still believing that in time they will harvest a decent amount of profits.

No timeframe but just staying on-hold and keep collecting the staking rewards while waiting for the actual value to increase.

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