Investing in Casino tokens such as BFG, OWL or TFS

[delfastTions]

........

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.

Here, a lot depends on the general state and prospects for the development of the entire cryptocurrency market.  
Of course, if BTC ever returns to the peak rate of $69K, then the rates of all tokens will certainly rise, and then such an investment can be considered successful.  
Of course, there are difficulties in that the tokens can increase in price less than the growth of the bitcoin rate.  But all the same, there will be an increase in rates and investment can be considered successful.  
But, of course, if the casino itself does not become bankrupt.  However, if there is an increase in the rates of cryptocurrencies, the likelihood of such bankruptcies is reduced.

[Blawpaw]

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

• BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.
• OWL for OwlGames - they offer 43% per annum on their OWL token, their currency has actually went up in value whilst all other cryptos went down - and why? Anyone knows?
• TFS for FairSpin - not very popular but represents FairSpin, didn't go down in value much either.

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

 

I actualy would not trust this sort of token, or at least I would not put my money on it. I have seen a lot of these tokens come and go and have already lost my time wig a few of them. This has all the ingredients of scam, as the percentages offered are way beyond reality. Before puting your money on any of these tokens you should do your own research

[BobK71]

........

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.

Here, a lot depends on the general state and prospects for the development of the entire cryptocurrency market.  
Of course, if BTC ever returns to the peak rate of $69K, then the rates of all tokens will certainly rise, and then such an investment can be considered successful.  
Of course, there are difficulties in that the tokens can increase in price less than the growth of the bitcoin rate.  But all the same, there will be an increase in rates and investment can be considered successful.  
But, of course, if the casino itself does not become bankrupt.  However, if there is an increase in the rates of cryptocurrencies, the likelihood of such bankruptcies is reduced.

The price of the token increases only when the project is able to build a good position. BFG, OWL or TFS among the three which will be the more popular, better developed and the casino sites where users get all the benefits with the highest security, the token price will increase. Among the three BFG, OWL or TFS, the BFG token has quite a reputed while the remaining two projects are progressing quite well.

[Odusko]

Some gambling coins have performed worst in the market most especially those that got exposed to bad exchange, but some are still performing well in the market and if you search closely you can find one or two casino tokens that are worth investing in right now. But then make sure you do a deep investigation about the token before you put your investment down because some of the casino tokens are as good as utility and not for long periods of investment they are more or less stable tokens used only in the casinos.

[danadc]

Some gambling coins have performed worst in the market most especially those that got exposed to bad exchange, but some are still performing well in the market and if you search closely you can find one or two casino tokens that are worth investing in right now. But then make sure you do a deep investigation about the token before you put your investment down because some of the casino tokens are as good as utility and not for long periods of investment they are more or less stable tokens used only in the casinos.

Well I can't complain about the BFG tokens at Betfury because they have given me good returns and when I play at the casino there are many chances of increasing the number of tokens, I am not a person who plays and bets a lot because I usually lose very quickly but I have seen that when I make very short bets I win, sometimes I do not bet a token at once but I bet 0.5 BFG tokens and thus I increase up to a maximum of 5 BFG tokens when I reach a bet of 5 tokens because I do not bet more because I can lose many, do not buy so many tokens so it hurts a little to lose them, I prefer to take care of the tokens and play with bitcoin or with the profitability that the tokens produce.

[Fredomago]

........

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.

Here, a lot depends on the general state and prospects for the development of the entire cryptocurrency market.  
Of course, if BTC ever returns to the peak rate of $69K, then the rates of all tokens will certainly rise, and then such an investment can be considered successful.  
Of course, there are difficulties in that the tokens can increase in price less than the growth of the bitcoin rate.  But all the same, there will be an increase in rates and investment can be considered successful.  
But, of course, if the casino itself does not become bankrupt.  However, if there is an increase in the rates of cryptocurrencies, the likelihood of such bankruptcies is reduced.

Can be considered successful if the project still exist when the bull start to pump high, and basing from the past events those casino coins are still surviving and investors who bought during this bearish condition will expect decent profits once the market start to pump back, it's really a hard task since fears can't be remove each time we seen downfall. But for those who trusted and believing with those casino assets, they will just keep holding and wait till they reached the target selling point.

[Crypt0Gore]

I think the best time to invest on gambling tokens is when bear market is almost over like when BTC halving is around the corner but for now its very dangerous, it looks like we can see another -25% in BTC price soon and it will affect other coins more, gambling tokens and football tokens are so unsafe in this existing market.

[Fivestar4everMVP]

I think the best time to invest on gambling tokens is when bear market is almost over like when BTC halving is around the corner

Has it been indeed, confirmed now that the price of bitcoin must soar high at every halving?, don't you think that believing this or having this kind of mindset is as the same as gambling?
I can not read it anywhere where it has been stated down as a rule that bull season comes at every Bitcoin halving, what if just as bitcoin halving is around tht corner and investors, believing there will be a bull run rush to buy this tokens, and halving started and ended with out a sign of bull season, what then happens?
(This is just my imagination).

[ethereumhunter]

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  .

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.

It will depend on how well the casino performs because if the casino can't show what has been achieved and the next plan after getting it, maybe the token will not be able to stay in the market (if the token can enter the market list). If you already own or become a large holder of the token, you should still focus on increasing the number of tokens, especially if the token has the opportunity to grow in the future. That will give you an advantage and a good return on those casino tokens.

[Apocollapse]

It will depend on how well the casino performs because if the casino can't show what has been achieved and the next plan after getting it, maybe the token will not be able to stay in the market (if the token can enter the market list). If you already own or become a large holder of the token, you should still focus on increasing the number of tokens, especially if the token has the opportunity to grow in the future. That will give you an advantage and a good return on those casino tokens.

Technically casinos wouldn't going bankrupt since the house always win due to house edge, so investing on casino tokens seems to be a good idea. But don't forget hack and exploit are inevitable, just like how centralized exchanges can collapse. To be honest, casino tokens are shitcoins and pointless due to no use cases on the real life except for gamblers who play on that's casino. I wouldn't buy and hold casino token for a long time, I'm just looking for the free token and sell it in the next few months.

[Peanutswar]

I think the best time to invest on gambling tokens is when bear market is almost over like when BTC halving is around the corner

Has it been indeed, confirmed now that the price of bitcoin must soar high at every halving?, don't you think that believing this or having this kind of mindset is as the same as gambling?
I can not read it anywhere where it has been stated down as a rule that bull season comes at every Bitcoin halving, what if just as bitcoin halving is around tht corner and investors, believing there will be a bull run rush to buy this tokens, and halving started and ended with out a sign of bull season, what then happens?
(This is just my imagination).

Still, this is a crypto token but again it depends on the utilities why people keep buying and holding these coins for me that's the perks buy I need to buy those coins but if you want to get more market volatility I guess it is good if you go for other coins to get a good profit. currently I'm holding too the OWL token because I know the potential of this coin so still at the end of the day it is good to make a background check or DYOR before making an investment to those coins.

[X-ray]

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.
[/quote]
The problem is actual value from the token was also very difficult to increase. I have been observing the gambling tokens that still exist in the market. These gambling tokens are so difficult to increase unlike another token. Even meme token has a better volatility compared with gambling token.

I personally think if people care about the capital gain and this would not become a good choice for sure. The price is quite stagnant and the volatility is also pretty low.

It may take years or more. I doubt if the price can increase easily. The news from gambling platforms rarely affecting the price of token too. This might become a bad choice to pick this as investment.

[piebeyb]

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

 

OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthless

[Wiwo]

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

 

OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, and tokens from gambling sites are not profitable in my opinion, because some gambling sites eventually abandon their tokens and become worthless

You are right, the bear market has affected the entire cryptocurrency market and no token or coin has survived the bear trend till this day. And the worst affected are the altcoins who are highly volatile in the market and seeing that the owl token is one of such altcoins it becomes evident that the token will suffer the same market conditions as other coins. So it may take a long time now before the market can recover along with Bitcoin and other stronger coins in the market.

[Fredomago]

The problem is actual value from the token was also very difficult to increase. I have been observing the gambling tokens that still exist in the market. These gambling tokens are so difficult to increase unlike another token. Even meme token has a better volatility compared with gambling token.

I personally think if people care about the capital gain and this would not become a good choice for sure. The price is quite stagnant and the volatility is also pretty low.

It may take years or more. I doubt if the price can increase easily. The news from gambling platforms rarely affecting the price of token too. This might become a bad choice to pick this as investment.

Following your sentiment, gambling token might really need a deeper analysis and research before an investor should take actions, though aside from waiting for the value to rise there are other ways to earn from the project, I mentioned it before that staking or other ways of collecting additional coin will attract some investors to risk their money.

But, the last statement of yours are also a fact news are not that impacting in terms of price movement, it is still difficult to make a huge run especially now that the market is still bearish.

[Falconer]

OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthless

If you like investing in cryptocurrencies that have good long term potential then I think you should only consider bitcoin and some potential altcoin right now instead of gambling tokens. I don't know and never know what the real use of gambling tokens is apart from being useful for the platform as well as for trading. It might be worth it for platform users, but I don't think this gambling token is worth it for a long-term investment.

I don't hate that they exist, but it's definitely about investing in potentially good assets. Gambling tokens also fluctuate in the market, but the price may not be very profitable for their investors so the risk is great.

[chrisculanag]

Every casino's have a good plan for their tokens that made thats why they need to keep searching even that token can be profitable or not. Bad market is a good signal to bagging some tokens that potentially good in the future. DYOR always before taking a risk in investing.

[piebeyb]

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

 

OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, and tokens from gambling sites are not profitable in my opinion, because some gambling sites eventually abandon their tokens and become worthless

You are right, the bear market has affected the entire cryptocurrency market and no token or coin has survived the bear trend till this day. And the worst affected are the altcoins who are highly volatile in the market and seeing that the owl token is one of such altcoins it becomes evident that the token will suffer the same market conditions as other coins. So it may take a long time now before the market can recover along with Bitcoin and other stronger coins in the market.

yes that's why many people throw tokens from these gambling sites because it may not be more profitable so they throw them cheap, I don't know much about the purpose of how OWL gambling sites make their tokens and how their tokens work for their own projects, but behind it all the current crypto market it has not fully recovered yet so it will take time for new gambling sites and new tokens to survive in this kind of situation , everyone will support this project OWL if they can maintain consistency in their token prices so as to give confidence to traders and investors who hold them

[ScamViruS]

OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthless

In a bear market where it is becoming difficult for solid top coins to survive, it is conceivable that such tokens will continue to be dumped. Gambling tokens have yet to make the impact in the market that big investors would be interested in investing in. These tokens cannot make any impact until they are listed on the big exchanges. And on the other hand, the big exchanges will not be too keen to list these tokens as gambling is involved.

[Hispo]

OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthless

In a bear market where it is becoming difficult for solid top coins to survive, it is conceivable that such tokens will continue to be dumped. Gambling tokens have yet to make the impact in the market that big investors would be interested in investing in. These tokens cannot make any impact until they are listed on the big exchanges. And on the other hand, the big exchanges will not be too keen to list these tokens as gambling is involved.

While big centralized exchanges will likely not give support to these tokens, still I believe that liquidity could be found within smaller exchanges and on Defi services.
The key for these tokens to survive the bear market is their respective casinos not to give up on them and continue to support them through the low prices, there will be people gambling during both bear and bull markets, so it is within the objectives of those casinos to give enough reasons to their gamblers to buy tokens.

Also, Exchanges like Binance have given support and listed tokens of dubious reputation in the past, if a famous/big enough casino decided to do business with Binance, they could manage to get their token listed.