How is the performance of gambling tokens compare to other altcoins and btc

[Haunebu]

I have invested in FUN tokens before and earned extremely small profits through them since they behave like stablecoins majority of the time. It's not worth investing in gambling tokens if you ask me since there are way better alternatives out there.

I suggest investing in reliable crypto casino bankrolls instead since you will earn decent profits in the long-term as long as you are willing to be patient.

[1714924777]

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[1714924777]

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[1714924777]

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[1714924777]

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[1714924777]

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[makishart]

It's not advisable but this must be based on the result from your research. The performance from the gambling tokens is bad enough compared with another coins or even bitcoin. I just wanna remind you that if the gambling tokens never got big pump like what happened with common tokens or meme tokens in the market. I don't know why the whales are always discredit the gambling tokens. The volume relatively smalls even some tokens have zero volume at this time.
These tokens are not even following bitcoin but it was reflecting the performance from the platforms that issue the token. It's very sad to say about the truth if gambling tokens rarely got pumped like football tokens.

[danadc]

I have invested in FUN tokens before and earned extremely small profits through them since they behave like stablecoins majority of the time. It's not worth investing in gambling tokens if you ask me since there are way better alternatives out there.

I suggest investing in reliable crypto casino bankrolls instead since you will earn decent profits in the long-term as long as you are willing to be patient.

Yes, I have not invested in fun tokens, I have only bought a small part of Betfury's BFG tokens but so far they have given small returns but in several cryptocurrencies, among them bitcoin, it does not seem bad to me, the BFG do not increase in price, It seems normal to me because no token so far I have seen that it increases, but it generates passive income, I think that it is a characteristic that can be used as a good thing to attract more players and clients, the BFG tokens move to that level and are also burned, but there are still many to give them movement, I think that is what makes it unable to acquire a really great value, and due to the market situation it is difficult for it to increase.

[bocyaj]

It’s very hard to market the gambling token as compared to normal altcoin and Bitcoin.Because the volatility of bitcoin and altcoin was huge compared to the gambling tokens.We know gambling is not a long term one.Any gambling website can shutdown on a month also.So the flow of gambling token in a market only with the gamblers and mostly not with the regular traders.

[Crypt0Gore]

The performance of altcoins are better than gambling coins because they have better use cases and that's why the result from investing money on gambling tokens and coins can't be compare to other altcoins, for me there is no reason to buy a gambling token unless the developer introduces a better use case.

[YOSHIE]

I can see that few gambling websites have their own tokens,

Sure, many online gambling sites are releasing their own tokens, for example: Topic: CRYPTO CASINOS WITH STAKING FEATURE (THEIR OWN TOKEN), they follow the development of digital currency, behind it all, that's not all that is listed, there are many others, which are not listed there.

is it advisable to invest money in such tokens?

Not forcing, if you want to invest, the choice is in your heart and mind, if you are sure why not, of course if in doubt back off, investing is the choice of each individual.

Also how is the performance compared to other coins and BTC?

Do these tokens follow BTC movement like other tokens?

its performance is the same as other types of crypto in general, traded on the crypto market.

Some of the experiences I have seen token/coin movement in the crypto market, many follow the direction of the Bitcoin flight clock, including gambling tokens, there are also the opposite, such as BULL coins, but not including gambling token types.

Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

In terms of movement and decline have different understandings, the problem lies with the sellers and buyers, club tokens are moving, many may buy, gambling tokens may not be of much interest, bottom line: buyers/enthusiasts can decide whether the token is skyrocketing or not.

[bitbollo]

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

Invest in altcoins is always more risky than investing in btc... you can have a new coins that is a better version, or just a casino could scam....or worst these runs in centralized blockchain.... plus other issues linked directly to gambling world.

About performance of these coins lets take some examples:
https://coinmarketcap.com/currencies/betfury/
Launched in Aug 2021 was quoted at 0.031 usd // nowadays 0.01335 usd
0.0000007912 btc // 0.0000006969 btc

https://coinmarketcap.com/currencies/owldao/
Launched in Oct 2021 was quoted at 0.0063 usd // nowadays 0.01207 usd
0.0000001314 btc // 0.000000631 btc

https://coinmarketcap.com/currencies/tfs-token/
Launched in Dec 2021 was quoted at 0.006 usd // nowadays 0.005365 usd
0.0000000708 btc // 0.0000002806 btc

I am excluding some other coins that has just scammed (like betking coin).
Some coins had a good performance if compared to btc just because the price of btc was weak during this year. I don't know if the same could apply with btc pumping .... 

[Darker45]

There were more than a handful of this kind of utility token before. Surely, there are benefits in using these tokens but only in their specific platforms or ecosystems. Outside, these tokens are nothing but speculative coins. Although there are still some that are in active use until now, many of these tokens are short-lived. So I don't think investing money in these tokens is a wise idea. Just gamble with Bitcoin and other established altcoins. You're safer this way.

[btc78]

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

there are several Gambling tokens that still in good running now , there are even some that made it to the top of making money from investors , but also it is hard to deny that coins nowadays or even in the past always rely in bitcoin movement , so yes there are still an effect from what bitcoin goes and what those token might come.
but the main objective here is still one and that is to gamble so what ever it moves still will always favor to the gambling site.

[traderethereum]

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

I only invested my money into FUN tokens on Freebitco.in and on Binance by staking at those two places so I think the returns are pretty decent too.
As for the rest of the casino tokens, I haven't tried them so I don't know how they perform yet.
But I think casino tokens also have a chance to go up high, especially if the altcoin season comes again because maybe there will be some whales will pump up the price.
Such tokens will also follow the movement of BTC like other tokens and these casino tokens are also waiting for the right moment to start increasing.

[Saisher]

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

So far they are doing good I have Owldao tokens coming from Owldao signature campaign, and I do not regret holding them and staking them this is the pump on the price since their all-time high that was the time that I got hold of my token 332.9% and I also made a profit from staking my token in their pool, but it still depends on their platform if its generating support from the community, if it's worth holding these token I also have casino based token that failed to take off because of mismanagement, so when it comes to token its best to take a look on the platform and team's capability.

[mak013]

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

As for me - they are looks like other tokens. They were created to raise money and, may be, to attract attention of gamblers. There are usually some benefits to holders, without such benefits the tokens would be sold on the first pump. I think that it is possible to trade this tokens, but they are bad for investment.

[TravelMug]

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

As for me - they are looks like other tokens. They were created to raise money and, may be, to attract attention of gamblers. There are usually some benefits to holders, without such benefits the tokens would be sold on the first pump. I think that it is possible to trade this tokens, but they are bad for investment.

Unfortunately, it is not the case, 2018, there have been a lot of tokens about gambling websites and sports, and we thought that it will do good. However, it is just pure hype though, I forget the name of some of the tokens I owned back then that literally went to nothing.

So if I would advise someone, I would rather invest on bitcoin and top 10 altcoins, just saying. Gambling platform that have their own tokens could be just hype in the beginning, just saying.

[rhomelmabini]

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

Nothing is advisable on any speculative assets to be honest. Always will below performance compare to BTC and that's not surprising as well because if BTC goes down the alts hit more harder. I think they follow same trajectory when it's bull run but during the past year I think BTC outrun most of these alts on profit ratio. I think club tokens are just being hyped in the market but it's expected after that it will hit hard as well.

[romero121]

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

Nothing is advisable on any speculative assets to be honest. Always will below performance compare to BTC and that's not surprising as well because if BTC goes down the alts hit more harder. I think they follow same trajectory when it's bull run but during the past year I think BTC outrun most of these alts on profit ratio. I think club tokens are just being hyped in the market but it's expected after that it will hit hard as well.

These gambling tokens are developed to be used within the site. Some of these tokens can be claimed regularly from the gambling site at regular time intervals. Some sites conduct wagering contests with their own tokens and prizes in the form of the tokens were distributed. These system keeps the tokens into circulation, other than this there is no big usage.

Some of the fan tokens are hyped whenever there takes place few football matches with the participation of the respective player. Maybe in the coming days we can experience some price pumping with those fan tokens as FIFA is scheduled.

[piebeyb]

So far, none of the tokens from gambling sites have been successful and big, as an example I know of, the bitdice tokens from gambling sites don't even seem to have value and are no longer tracked at CMC, many gambling sites have recently launched tokens offering dividends. but unfortunately it never achieved and they left their tokens in the end, token holders will get nothing by holding their tokens, so I was never interested in their tokens even the price dumps every time, so better avoid investing there

[Solosanz]

Well, top 10 coins didn't even can be compared to Bitcoin, now you're want to compare gambling tokens that can be easily get manipulated and it's created just for hype to Bitcoin? obviously not. The football tokens aren't officially created from the club, but it's created by unknown people who're a big fan of the club. This mean the unknown people can turn their project become scam if they want, there's no reason for me to invest on crap tokens.

[abel1337]

Well, top 10 coins didn't even can be compared to Bitcoin, now you're want to compare gambling tokens that can be easily get manipulated and it's created just for hype to Bitcoin? obviously not. The football tokens aren't officially created from the club, but it's created by unknown people who're a big fan of the club. This mean the unknown people can turn their project become scam if they want, there's no reason for me to invest on crap tokens.

I personally think that casino coins aren't big enough to be compared with other type of coins. Maybe there will be a time that casino coins will get it's spot in the market just like what happened to exchange and wallet coins last bull market. Football tokens that are created by unknown people will surely have no future and this type of coins becomes famous also last bull market and most of their investors are just degens who are aiming for quick profit in exchange of very big risk a head of them.

[bitcampaign]

I can see that few gambling websites have their own tokens, is it advisable to invest money in such tokens? Also how is the performance compared to other coins and BTC? Do these tokens follow BTC movement like other tokens? Football club tokens surges when an upcoming big match is around the corner what about gambling tokens. ??

some experience buying some football fan tokens, I experienced a loss so I didn't dare to invest in trading on fan tokens let alone tokens released from gambling sites, if given a choice I'd better trade on meme tokens, I only give advice not to approach gambling tokens and you need to learn from the experience of everyone here

[dezoel]

There are gambling tokens who are known such as bfg, tfs, and owl but I can't say if they are advisable since I don really see that they are totally profitable and being talked about much as when compared to the common coins like bitcoin but you can always try to invest on them. Who knows? You might get lucky and they will pumped up one day and along with it is that their casinos are also going to be more successful. That should came first. For the question if they follow the btc movement.

I think they are since their values are also declining a bit and we all see how btc is performing lately. It's also not doing really well. Maybe these casino coins can also show a significant increase once btc recovers or once the bull run returns.