Investing in Casino tokens such as BFG, OWL or TFS

[makishart]

By the way, I found that BFG is still very well tolerated by the crisis caused by the collapse of the FTX crypto exchange. 
All cryptocurrencies, and even bitcoin and ethereum, are falling in price together, and the BFG token, on the contrary, has either been stable or even growing in price in recent days.  It seems that this token already occupies a certain niche, which may even become such a temporary haven for small investments over time.  Moreover, for periods of acute crises, such as the one that has been going on for more than 10 days after the SBF story.

Recent FTX drama doesn't make any huge effect with any of casino's token. Like BFG, the price seems stable not because it's not affected by FTX drama, but rather because it only has small volume trade. Now it's has $240,000 volume trade, which compared low for a volume coin trade. It also only listed on bitswap and many other small other exchanges and DEX.

there's no lots of people traded the BFG token. The same thing happend with another token as well. The FTX was giving a huge impact to the crypto with so many demand and crypto that has relationship with FTX. The volume of BFG was not stable. it can go down drastically too. The price of BFG was droppig around 20% once bitcoin has been dropping a lot due to the FTX case. As long as there will be no another incident happened with crypto and im sure if it can recover so fast.

[LUCKMCFLY]

By the way, I found that BFG is still very well tolerated by the crisis caused by the collapse of the FTX crypto exchange. 
All cryptocurrencies, and even bitcoin and ethereum, are falling in price together, and the BFG token, on the contrary, has either been stable or even growing in price in recent days.  It seems that this token already occupies a certain niche, which may even become such a temporary haven for small investments over time.  Moreover, for periods of acute crises, such as the one that has been going on for more than 10 days after the SBF story.

Recent FTX drama doesn't make any huge effect with any of casino's token. Like BFG, the price seems stable not because it's not affected by FTX drama, but rather because it only has small volume trade. Now it's has $240,000 volume trade, which compared low for a volume coin trade. It also only listed on bitswap and many other small other exchanges and DEX.

there's no lots of people traded the BFG token. The same thing happend with another token as well. The FTX was giving a huge impact to the crypto with so many demand and crypto that has relationship with FTX. The volume of BFG was not stable. it can go down drastically too. The price of BFG was droppig around 20% once bitcoin has been dropping a lot due to the FTX case. As long as there will be no another incident happened with crypto and im sure if it can recover so fast.

Well, the FTX thing is something that gave us goosebumps, about some threads that have been created in the forum about what is better? have our coins in exchanges or in a personal wallet? Due to what happened, we already know what the correct answer is, of course this causes a lot of fear to investors, in fact it affected Bitcoin too much, even though it was not a "Fundamental" so that it could be taken with such intensity, but As I said before, bass players take advantage of these occasions to make their shorts and buy cheap.

At the same time, I think that a token or any currency that you decide to buy right now is a very personal decision, because you have to take advantage of the bear market and one way is to buy, but considering the high risks. . . . that must be studied, I think that many currencies have dropped in price due to the effect of Bitcoin and it is normal, let us remember that Bitcoin is the father of cryptos, so at all times we must always be attentive before buying any token, we must review the price of bitcoin (just in case) the price is about to go down or up, if it is convenient to buy at that moment or not, that would be my advice or suggestion, personally I have BFG tokens and I like to have them there, sometimes I play but without putting them at risk, I bet very little, but I have faith that they will increase in price when Bitcoin of that great bullish rally that we all expect, some forecast for 2024 but it is not known, that is where the market speculation enters.

[CryptoHeadlineNews]

Well, the FTX thing is something that gave us goosebumps, about some threads that have been created in the forum about what is better? have our coins in exchanges or in a personal wallet? Due to what happened, we already know what the correct answer is,

Which is to always store our crypto assets on cold wallet, because ever since the recent FTX experience, many people have learnt the hard way, knowing fully well now that keeping crypto assets on exchange is risky, hence,  moving these coins off to cold wallets have proven to be more safer, as it give us keys which grant us total control over our funds. However, casino tokens seems to be in good shape, ever since the market crashed, which is equally a good sign this token has potential and could do way better in time

[Eternad]

Well, the FTX thing is something that gave us goosebumps, about some threads that have been created in the forum about what is better? have our coins in exchanges or in a personal wallet? Due to what happened, we already know what the correct answer is,

Which is to always store our crypto assets on cold wallet, because ever since the recent FTX experience, many people have learnt the hard way, knowing fully well now that keeping crypto assets on exchange is risky, hence,  moving these coins off to cold wallets have proven to be more safer, as it give us keys which grant us total control over our funds. However, casino tokens seems to be in good shape, ever since the market crashed, which is equally a good sign this token has potential and could do way better in time

Sadly but true. People is confident enough to trust FTX or Centralized exchange to hold there coins instead of keeping it safe on cold storage. The huge factor on why they keep doing this is because of there trading nature. Most of the FTX user do a regular trade on every crypto price movement while some of them that do savings purposes are keeping there money on DeFi staked so that they can earn while waiting. Being greedy on having profit every minute is what makes people risk on holding there assets on custodial wallets.

Casino tokens is not that affected because holders of this tokens is usually a gambler. The money put on this token is mainly not for investment purposes because this is a reward token. The price history of these tokens such as BFG only shows that the price keeps sliding due to its supply is increasing overtime. There will be no harsh dump on this token because no one accumulate enough before the market crash occurs.

[Piesel]

Well, the FTX thing is something that gave us goosebumps, about some threads that have been created in the forum about what is better? have our coins in exchanges or in a personal wallet? Due to what happened, we already know what the correct answer is,

Which is to always store our crypto assets on cold wallet, because ever since the recent FTX experience, many people have learnt the hard way, knowing full well now that keeping crypto assets on exchange is risky, hence,  moving these coins off to cold wallets have proven to be more safer, as it gives us keys which grant us total control over our funds. However, casino tokens seem to be in good shape, ever since the market crashed, which is equally a good sign this token has potential and could do way better in time

The first step in crypto is to have your own wallet with a private key that can be restored to another wallet as long as the private keys are correct, recent events have not really changed anything and if you have been around like some of us you will know that crisis such as that of FTX is not new and market up and down have been the most exciting thing in the industry.

The question is FTX scam was a well-organized exit scam that went further to state that in cryptocurrency we should be trustless and always keep our assets off exchanges.

[ethereumhunter]

They are somehow 2 reputable casino to select so if people seek for casino token I guess they are better option to choose with, but for now I go pass with this one since majority of investors especially on bear market season goes with top coins so I accumulate coins more than tokens at the moment. Although BFG is looking good to me but I'm not impressed yet with old tokens yet especially with their current state.

It always goes down to preference and your investor's research, I have these two in my portfolio because they qualify for the requirement I set up before I invest in one project, and these are platform, community, and reputation I am a fan of liquidity and staking and so far these two tokens offer a very generous APR but it's still the price in the market, is the biggest consideration I'm always looking forward that these two tokens will get in top exchanges like Binance and Kucoin.

If the tokens can get a place on the top exchanges, they are worth investing in but before we invest in those tokens, we should find out more. Indeed, currently, many tokens offer good APRs and tempt investors and as long as the project is still running well, it can be an investment option. But you have to pay attention to the amount of money you have to invest and only use the money you can afford.

So far, BFG and OWL are still competing to get more supporters and that's normal because, without supporters, the project will not be able to progress and develop. We'll see which one gets a good position in the market first.

[Fredomago]

Well, the FTX thing is something that gave us goosebumps, about some threads that have been created in the forum about what is better? have our coins in exchanges or in a personal wallet? Due to what happened, we already know what the correct answer is,

Which is to always store our crypto assets on cold wallet, because ever since the recent FTX experience, many people have learnt the hard way, knowing full well now that keeping crypto assets on exchange is risky, hence,  moving these coins off to cold wallets have proven to be more safer, as it gives us keys which grant us total control over our funds. However, casino tokens seem to be in good shape, ever since the market crashed, which is equally a good sign this token has potential and could do way better in time

The first step in crypto is to have your own wallet with a private key that can be restored to another wallet as long as the private keys are correct, recent events have not really changed anything and if you have been around like some of us you will know that crisis such as that of FTX is not new and market up and down have been the most exciting thing in the industry.

The question is FTX scam was a well-organized exit scam that went further to state that in cryptocurrency we should be trustless and always keep our assets off exchanges.

A well-organized scheme that put everything in doubt, yes, the right way in investing is to have your own wallet and not to entrust everything inside exchange, we are all affected to what FTX did though some might not invested directly but the impact of this issue really affects the market and create a lot of fears with new and old investors.

Casino tokens are not exempted as the market valuation after this bad news really impacted almost the whole industry, though we are now getting some bounce but it's hard to tell this temporary rise will be stronger than all the fears around.

[erep]

If the tokens can get a place on the top exchanges, they are worth investing in but before we invest in those tokens, we should find out more. Indeed, currently, many tokens offer good APRs and tempt investors and as long as the project is still running well, it can be an investment option. But you have to pay attention to the amount of money you have to invest and only use the money you can afford.

Tokens that have been traded on top exchanges are not all worth investing in without analysis and research, we have to update the latest news to avoid damaging the reputation of the platform from internal project problems like what happened to FTX and Luna, so we have to check every performance and feedback from gambling tokens before you invest just because you are interested in high APR but the risk of price damage is very high in bear market conditions.

So far, BFG and OWL are still competing to get more supporters and that's normal because, without supporters, the project will not be able to progress and develop. We'll see which one gets a good position in the market first.

Currently BFG and OWL are in the top list for gambling tokens even though they are not yet listed on binance, but BFG is superior because it has more liquidity and trading volume and also a bigger community, but investing in both coins is very risky so you research everything related to risk of gambling token investment.

[rhomelmabini]

I'm not investing in any casino tokens right now. Bitcoin only until everything gets right in the world again.

Well, these kind of altcoins make a huge return when the bull market vegans but right now it's really too risky of a bet to bet on them. Would be good if they have more utility rather than just tokens in the platform that just sit there and be used to transactions or similar. Winter in the space to end is still uncertain right now.

[noormcs5]

If the tokens can get a place on the top exchanges, they are worth investing in but before we invest in those tokens, we should find out more. Indeed, currently, many tokens offer good APRs and tempt investors and as long as the project is still running well, it can be an investment option. But you have to pay attention to the amount of money you have to invest and only use the money you can afford.

Tokens that have been traded on top exchanges are not all worth investing in without analysis and research, we have to update the latest news to avoid damaging the reputation of the platform from internal project problems like what happened to FTX and Luna, so we have to check every performance and feedback from gambling tokens before you invest just because you are interested in high APR but the risk of price damage is very high in bear market conditions.

So far, BFG and OWL are still competing to get more supporters and that's normal because, without supporters, the project will not be able to progress and develop. We'll see which one gets a good position in the market first.

Currently BFG and OWL are in the top list for gambling tokens even though they are not yet listed on binance, but BFG is superior because it has more liquidity and trading volume and also a bigger community, but investing in both coins is very risky so you research everything related to risk of gambling token investment.

When we see what happened with FTT and Luna, we know that there is risk in every altcoin investment and no investment in 100% safe.
So we have two options with us, either stop investing in crypto (which is not wise) or do investment in coins that have some better use case as compared to others.

If at any time any platform like Owl games or betfury stops its operations, their coins may lose value and dump hard but we can still divide our investment in both of these coins and hope anything bad does not happen. Also since our investment will be in multiple coins, if there is a scam in any one coin, the rest of the coins will still give us a good profit in the next bull season.

[Hamphser]

If the tokens can get a place on the top exchanges, they are worth investing in but before we invest in those tokens, we should find out more. Indeed, currently, many tokens offer good APRs and tempt investors and as long as the project is still running well, it can be an investment option. But you have to pay attention to the amount of money you have to invest and only use the money you can afford.

Tokens that have been traded on top exchanges are not all worth investing in without analysis and research, we have to update the latest news to avoid damaging the reputation of the platform from internal project problems like what happened to FTX and Luna, so we have to check every performance and feedback from gambling tokens before you invest just because you are interested in high APR but the risk of price damage is very high in bear market conditions.

So far, BFG and OWL are still competing to get more supporters and that's normal because, without supporters, the project will not be able to progress and develop. We'll see which one gets a good position in the market first.

Currently BFG and OWL are in the top list for gambling tokens even though they are not yet listed on binance, but BFG is superior because it has more liquidity and trading volume and also a bigger community, but investing in both coins is very risky so you research everything related to risk of gambling token investment.

When we see what happened with FTT and Luna, we know that there is risk in every altcoin investment and no investment in 100% safe.
So we have two options with us, either stop investing in crypto (which is not wise) or do investment in coins that have some better use case as compared to others.

If at any time any platform like Owl games or betfury stops its operations, their coins may lose value and dump hard but we can still divide our investment in both of these coins and hope anything bad does not happen. Also since our investment will be in multiple coins, if there is a scam in any one coin, the rest of the coins will still give us a good profit in the next bull season.

Or simply, you do have the chance of recovery in short which if ones of them fails or dumps then you do really have the chance for you to make out some recovery unlike if you do go all in.
For tokens which are attached to gambling sites which does really depend onto their utility and on the same time on the popularity and condition of said platform then it would be always reflecting on the value
of their platform but of course its not a solid indication considering that bear market could affect every coins in the market which would really be that also a major factor on why
these prices are going down.For overall if we do speak about investment then it would really require risk taking which is really that a normal thing for an investor to consider on.
Doesnt matter if BFG,OWL or TFS, as long you do see that you could benefit from it or do see does have potential then its your risk to take.

[erep]

If at any time any platform like Owl games or betfury stops its operations, their coins may lose value and dump hard but we can still divide our investment in both of these coins and hope anything bad does not happen. Also since our investment will be in multiple coins, if there is a scam in any one coin, the rest of the coins will still give us a good profit in the next bull season.

I hope OWL and BFG coins are included in the potential coins for the gambling token category but we never know what happens in the future and we wish them all the best. We don't need to expect high profits from altcoin investments and we are advised to anticipate losses investing in altcoins by dividing the lowest investment allocation for altcoins and the rest for BTC investment in the long term for profits and recovery from losses.

[ethereumhunter]

If the tokens can get a place on the top exchanges, they are worth investing in but before we invest in those tokens, we should find out more. Indeed, currently, many tokens offer good APRs and tempt investors and as long as the project is still running well, it can be an investment option. But you have to pay attention to the amount of money you have to invest and only use the money you can afford.

Tokens that have been traded on top exchanges are not all worth investing in without analysis and research, we have to update the latest news to avoid damaging the reputation of the platform from internal project problems like what happened to FTX and Luna, so we have to check every performance and feedback from gambling tokens before you invest just because you are interested in high APR but the risk of price damage is very high in bear market conditions.

So far, BFG and OWL are still competing to get more supporters and that's normal because, without supporters, the project will not be able to progress and develop. We'll see which one gets a good position in the market first.

Currently BFG and OWL are in the top list for gambling tokens even though they are not yet listed on binance, but BFG is superior because it has more liquidity and trading volume and also a bigger community, but investing in both coins is very risky so you research everything related to risk of gambling token investment.

The important thing is that before investing, we can examine the project more to get information to help us decide. And if those casino tokens can find a place on Binance or any other major exchange, the token can get more chances to get investors. And this will help the project get recognized and a good position in the market. When all of this is achieved, the casino token can go up and become more popular and of course, this will attract gamblers to use the token, increasing its price.

[shawon01]

If at any time any platform like Owl games or betfury stops its operations, their coins may lose value and dump hard but we can still divide our investment in both of these coins and hope anything bad does not happen. Also since our investment will be in multiple coins, if there is a scam in any one coin, the rest of the coins will still give us a good profit in the next bull season.

I hope OWL and BFG coins are included in the potential coins for the gambling token category but we never know what happens in the future and we wish them all the best. We don't need to expect high profits from altcoin investments and we are advised to anticipate losses investing in altcoins by dividing the lowest investment allocation for altcoins and the rest for BTC investment in the long term for profits and recovery from losses.

I hope the price of BFG token can grow a lot.  I have bought the token with this hope but I am very worried about it and I am waiting for when the price of this token will increase. Let's see what it looks like.

[Hispo]

I'm not investing in any casino tokens right now. Bitcoin only until everything gets right in the world again.

Well, these kind of altcoins make a huge return when the bull market vegans but right now it's really too risky of a bet to bet on them. Would be good if they have more utility rather than just tokens in the platform that just sit there and be used to transactions or similar. Winter in the space to end is still uncertain right now.

We could discuss whether were are in a phase perfect to accumulate crypto or not, before the next bull run. However, while I can be very sure Bitcoin will have a big return eventually, I cannot personally bet the same will happen with these tokens. Altcoins can over-perform Bitcoin, but not all of them... I still expect casino tokens to grow in price together with Ether, BnB and others, during the next alt-season, but not sure how much.

[babygun]

I hope the price of BFG token can grow a lot.  I have bought the token with this hope but I am very worried about it and I am waiting for when the price of this token will increase. Let's see what it looks like.

If you are very worried right now, why did you buy it in the first place? Persoanlly, I still have faith in Betfury and their BFG token but the main attraction point for me is that the BFG tokend give you a daily dividend. Lets hope the price goes also up in the near future but it will probably take some time before the bear market is over.

[rhomelmabini]

I'm not investing in any casino tokens right now. Bitcoin only until everything gets right in the world again.

Well, these kind of altcoins make a huge return when the bull market vegans but right now it's really too risky of a bet to bet on them. Would be good if they have more utility rather than just tokens in the platform that just sit there and be used to transactions or similar. Winter in the space to end is still uncertain right now.

We could discuss whether were are in a phase perfect to accumulate crypto or not, before the next bull run. However, while I can be very sure Bitcoin will have a big return eventually, I cannot personally bet the same will happen with these tokens. Altcoins can over-perform Bitcoin, but not all of them... I still expect casino tokens to grow in price together with Ether, BnB and others, during the next alt-season, but not sure how much.

Exactly. They may follow its trajectory but nothing comes the same to fundamentals since these tokens primary utilities can only be used on their own platform compare to Bitcoin and other altcoins their with real use cases. Depends upon the hype too and what's the trend that may come for the next alcoin season, this time it's like picking the right altcoins to bet on.

[dezoel]

When we see what happened with FTT and Luna, we know that there is risk in every altcoin investment and no investment in 100% safe.
So we have two options with us, either stop investing in crypto (which is not wise) or do investment in coins that have some better use case as compared to others.

If at any time any platform like Owl games or betfury stops its operations, their coins may lose value and dump hard but we can still divide our investment in both of these coins and hope anything bad does not happen. Also since our investment will be in multiple coins, if there is a scam in any one coin, the rest of the coins will still give us a good profit in the next bull season.

All cryptos have a risk including btc but ftt and luna are simply just a scam because their developers are greedy. They are the ones that we must avoid by the time we did our research although there are times that we can trust a coin because they have clean records and everything is fine on them according to our criteria.

Well, we should only monitor them actively and always watch their news and movements. When you notice that there is something wrong on how they move. I think that is a red flag already. You know what to do next. We can stop investing in crypto and choose other investment assets that we think are much safer or stable than them. There are lots of options though.

[virasog]

If at any time any platform like Owl games or betfury stops its operations, their coins may lose value and dump hard but we can still divide our investment in both of these coins and hope anything bad does not happen. Also since our investment will be in multiple coins, if there is a scam in any one coin, the rest of the coins will still give us a good profit in the next bull season.

I hope OWL and BFG coins are included in the potential coins for the gambling token category but we never know what happens in the future and we wish them all the best. We don't need to expect high profits from altcoin investments and we are advised to anticipate losses investing in altcoins by dividing the lowest investment allocation for altcoins and the rest for BTC investment in the long term for profits and recovery from losses.

No one knows about the future of any project. Even the most strongest project can collapse so whenever we are doing an investment, we should be careful.
If anyone wants to invest in gambling sites token, he/she needs to do full research on these tokens and invest in which he thinks is the best.
Just invest a certain portion of your portfolio in these coins as there are other better coins also available in the market.

[Wiwo]

If at any time any platform like Owl games or betfury stops its operations, their coins may lose value and dump hard but we can still divide our investment in both of these coins and hope anything bad does not happen. Also since our investment will be in multiple coins, if there is a scam in any one coin, the rest of the coins will still give us a good profit in the next bull season.

I hope OWL and BFG coins are included in the potential coins for the gambling token category but we never know what happens in the future and we wish them all the best. We don't need to expect high profits from altcoin investments and we are advised to anticipate losses investing in altcoins by dividing the lowest investment allocation for altcoins and the rest for BTC investment in the long term for profits and recovery from losses.

No one knows about the future of any project. Even the most strongest project can collapse so whenever we are doing an investment, we should be careful.
If anyone wants to invest in gambling sites token, he/she needs to do full research on these tokens and invest in which he thinks is the best.
Just invest a certain portion of your portfolio in these coins as there are other better coins also available in the market.

The fact that many altcoin crashed to zero is enough not to put all your money into any project or token most especially in altcoin, if I must buy any coin now then it should be the ones I already know and have knowledge on their market movement and previous prices with good utility such as, owl token BFG because their both have a track record unlike the ones that are recently developed without a good use case and no strong ecosystem to utilize the token being a utility token. The absence of good ecosystem for utility is what force many token to a total crash when market volatility happens, but on a general investment note, none of the altcoin is good enough to put your money in right now, unless you are ready to wait for a long time before you see any significant price movement and profits from most of the altcoins, Bitcoin is the best investment right now because, bitcoin price is low right now and bitcoin have which volume which make it volatility less compare to altcoins.