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

[rodskee]

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. ??

Never enter this investment if you don't understand gambling specially  of what kind of gambling site are you going to invest because the more you push to profit is the more chances you may lose , but like BFG and other investing token in crypto gambling site? maybe there are small chance of failure being scammed because almost majority are legit though not profitable to the max that we wanted.

[1714904988]

1714904988

[Eureka_07]

<snip>

This is the token being centralized as general, but how about the case of token when it comes to crypto casinos?  I bet there are a smaller hard cap compared to what we generally know on typical token projects. If someone can compare and contrast about these, I'll really be glad as I only have small idea  on casino tokens.

[makishart]

Tokens for gambling are better than meme tokens for me because they already have a clear utility, but when compared to btc or other top altcoins I think it depends on the popularity of the gambling site.

I can't say this true or not for sure. The only thing that makes it better compared with meme token is gambling tokens have a real platforms that can generate revenue but about the volatility and it seems like that gambling token didn't have good performance. It's pretty much the same like meme token. The only thing that must be noted if meme token can reach hundreds of millions USD valuation while gambling tokens were so difficult to reach 10 millions USD valuation which is making it looks like a horrible thing. I meant if you compare it based from the fundamental and yeah gambling token is a bit better but when you are seeing it from volatility and i just wanna say if that's not even better compared with meme token.

[Eternad]

Tokens for gambling are better than meme tokens for me because they already have a clear utility, but when compared to btc or other top altcoins I think it depends on the popularity of the gambling site.

Ofc, Meme coin is one of the shittiest coin because it has na utility besides giving a ponzinomics to its holder through staking. Only Doge has the real utility on this category because they there own blockchain and holders can use it as payment system. Casino tokens is almost can categorized as Security Token since the casino promised a return for its token holder in the form of buy backs and other casino incentives. STO is just still on gray area for regulation that’s why casino tokens choose to be categorized as utility token for less stress against regulators.

[Kakmakr]

All tokens and Crypto currencies are the same.... once they enter the casinos internal database.... then it is not being used as a token or a Crypto coin, but just as a entry on a database. The only time when you should be bothered with performance... should be when you deposit and when you withdraw... because you deal with the blockchains once it is outside of the casinos database.

My main thing is "utility" ..... you can have the best token, but if it has no utility.... then you cannot use it outside of the casino where you are using it. (It has to be listed on a popular exchange and there has to be trading volume for that token)  

[Scripture]

Tokens for gambling are better than meme tokens for me because they already have a clear utility, but when compared to btc or other top altcoins I think it depends on the popularity of the gambling site.

That could be a good comparison but still many prefer not to have their own token and just focus on their promotions and with the updates on their platform.
DOGE is a meme token as well but it is being accepted by many gambling site because it's cheap when it comes to the fees. Having your own token requires a lot of utilization to make it more valuable, so far I can't see any successful token that is connected with any gambling site.

[Peanutswar]

There's a similar thread right there afaik but well it depends on you because it those coins has the potential to rise up go for it but of course, that's the reason why people want to buy those coins because of the utilities or the perks of holding those coins like rewards and etc. it depends on the platform. If you want to secure more volatile in the market it is ideal to hold those coins already have a potential like the top 10 coins in the crypto market right now.

[Pandu Geddon]

I think tokens from gambling projects are no different from other cryptos. they also have quite high market fluctuations, this may also be related to the influence of the movement of BTC.

some tokens from gambling may have a different case. because the popularity of the platform will also affect the trading market community of their tokens.
Gambling projects like Moonbet that pay campaign participants with their tokens also have their strategy. Apart from marketing, it is also important to increase their market.

[Jemzx00]

Almost all altcoins follow through the price of Bitcoin as what we see on the market whenever bitcoin is down so other tokens out there, and it also affects them during the bull run of bitcoin where it pulls all the price of almost every crypto. Casino's tokens are also included on these crypto that are affected by bitcoin price volatility. However, each and every news and update that will cause the price change varies to every casino and project.

If we had known that all altcoins followed the bitcoin price, we would be careful to buy the coin, even if it was a casino token, and learn what the profit could be. But when the bitcoin bull run comes, it doesn't guarantee all the casino tokens can also increase because it will depend on the response of traders and investors. Maybe if there were more benefits for traders and investors, it could lift the price to a higher price level.

Once bitcoin will begin it's bullrun, there's a high possibility that all altcoins out there especially those that has an active trade paired with bitcoin will increase in value as well. It is not a guarantee to increase but it is highly possible once bitcoin bullruns. These can be also seen to those new tokens that started during the market bullrun as the price rapidly increase comparatively to major tokens out there.

[pawanjain]

I'm familiar with FUN token and compared to bitcoin, it has maintained its price more stable recently. Before the crash which has defined the end of the bull run, FUN price was 30 satoshis, but now FUN price is at 38 satoshis. So it was definitely a good investment against btc. Everyone who bought FUN back then, can sell now for 7 satoshis profit per token (1 satoshi cut for fee). It's about 26% profit made swaping FUN and bitcoin. Not bad at all...

And there are many other gambling tokens disponible on crypto market, although I can't say anything consistent about them, because I'm not an adopter.

FUN token price during the bull run was around 80 - 90 satoshis and so if we compare the current price to that the price is around 60% down.
But then again the price of FUN was around 25 satoshis in the beginning of this year and the current price has indeed become more stable 38 satoshis.
So yeah those are some nice gains when compared to other coins/tokens.
FUN token is performing really well after the partnership with freebitco.in

[adzino]

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?

I don't think it is worth buying those "gambling" tokens. We don't hear much about those tokens nor do they have anything special to offer us. They are just some tokens made for their casino and are distributed among the gamblers. Not worth taking the risk in my opinion. Stick to bitcoin and regular altcoins if you are willing to take less risk.

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

The tokens price goes up due to a hype. You never know when a hype ends, so you will only end up FOMOing in those tokens and eventually lose everything.

[Beparanf]

Most casino tokens are just chest coins in the marke6, and their price is not meeting up to market standard and their trading volume dropping rapidly, but we still have a few who is increasingly growing in the market with multiple exchanges.

It’s normal because casino token is being used for reward by the casino to the players so expect that there’s no much trading volume on it sometimes because no one is buying it regularly since it can be earned by just simply betting in the casino. Typically this kind of tokens will have a demand when they new exchange listing or the casino offers a mining pool for token holder that give a good profit return in the long run.

[Peanutswar]

Almost all altcoins follow through the price of Bitcoin as what we see on the market whenever bitcoin is down so other tokens out there, and it also affects them during the bull run of bitcoin where it pulls all the price of almost every crypto. Casino's tokens are also included on these crypto that are affected by bitcoin price volatility. However, each and every news and update that will cause the price change varies to every casino and project.

If we had known that all altcoins followed the bitcoin price, we would be careful to buy the coin, even if it was a casino token, and learn what the profit could be. But when the bitcoin bull run comes, it doesn't guarantee all the casino tokens can also increase because it will depend on the response of traders and investors. Maybe if there were more benefits for traders and investors, it could lift the price to a higher price level.

Once bitcoin will begin it's bullrun, there's a high possibility that all altcoins out there especially those that has an active trade paired with bitcoin will increase in value as well. It is not a guarantee to increase but it is highly possible once bitcoin bullruns. These can be also seen to those new tokens that started during the market bullrun as the price rapidly increase comparatively to major tokens out there.

That's how the bitcoin dominance we know currently even the market is crash still there's a support cant break which is the 18k-20k of the bitcoin and if this is already the floor there's a chance that once you make an invest with those coins of the gambling casino there's a possibility they rise up so aside from the utilities of these coins you can make a profit but still that's depends how you will look for those coins to hold or just to use for the casino perks.

[Kemarit]

Most casino tokens are just chest coins in the marke6, and their price is not meeting up to market standard and their trading volume dropping rapidly, but we still have a few who is increasingly growing in the market with multiple exchanges.

It’s normal because casino token is being used for reward by the casino to the players so expect that there’s no much trading volume on it sometimes because no one is buying it regularly since it can be earned by just simply betting in the casino. Typically this kind of tokens will have a demand when they new exchange listing or the casino offers a mining pool for token holder that give a good profit return in the long run.

Or it will be just a niche for gamblers, so it's going to be very difficult to attract lets say average joe investors because it might not be for them, just saying.

Of course, it will have some advantage for us gamblers, but then again, I will say that majority will still prefer the old way of playing with Bitcoin and rest of the altcoins that are cheap but fast in transaction and not used the native token of that gambling platform.

[DoublerHunter]

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. ??

obviously you can try it to invest your money in the gambling token, most importantly you have to be able to make sure the gambling site is really in demand by many people and has a good reputation.  investing money in it can give you multiple benefits if the price movement of the related token is always increasing and trading activity is growing every day

^But you need to be careful of this, we should always research the gambling token that we choose to invest and it should be in an established gambling casino, not the unknown that recently pump up in the market. I have a question for you, how do we know and determine that the casino token was very in demand on the market? Probably because of the popularity?
It is very difficult to determine for me so that is why it is very risky to invest in casino tokens, all you have to do is have a little bit of research on it their legitimacy and reputation.

[AmoreJaz]

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. ??

obviously you can try it to invest your money in the gambling token, most importantly you have to be able to make sure the gambling site is really in demand by many people and has a good reputation.  investing money in it can give you multiple benefits if the price movement of the related token is always increasing and trading activity is growing every day

^But you need to be careful of this, we should always research the gambling token that we choose to invest and it should be in an established gambling casino, not the unknown that recently pump up in the market. I have a question for you, how do we know and determine that the casino token was very in demand on the market? Probably because of the popularity?
It is very difficult to determine for me so that is why it is very risky to invest in casino tokens, all you have to do is have a little bit of research on it their legitimacy and reputation.

it would be difficult to know if you are not a regular player of the casino. but let's say for example the bfg token in betfury, if you are consistently playing on their casino, you would know what promos they have for their token. like right now, they are running the in-house bfg burning hot battle. so what i am saying here is if you do want to invest in a casino token, much better if you are also a regular player of their casino so you can get the benefits of owning it.

[wxa7115]

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. ??

Like most of the time when it comes to altcoins it is better to stay away from those kind of coins as they have little relationship with the business that is behind them.

To me this is just a way for the owners of that casino to raise some cash without having to sell shares of their company and losing control over it, while those that buy those tokens do not get dividends from the casino and they can only speculate with those coins.

[lienfaye]

Most casino tokens are just chest coins in the marke6, and their price is not meeting up to market standard and their trading volume dropping rapidly, but we still have a few who is increasingly growing in the market with multiple exchanges.

It’s normal because casino token is being used for reward by the casino to the players so expect that there’s no much trading volume on it sometimes because no one is buying it regularly since it can be earned by just simply betting in the casino. Typically this kind of tokens will have a demand when they new exchange listing or the casino offers a mining pool for token holder that give a good profit return in the long run.

That's why this depends on the platform on how they promote their tokens to be known not only by their own gamblers but for other investors as well, through marketing promotions and by listing it in big exchanges. Investing in casino tokens are not bad specially if you're a gambler for that particular casino who have their own token because it can give you perks. But if you will have to choose between these tokens and Bitcoin (and other established alts) then think what's less risky and not depending on the success of the platform.

[Wexnident]

They sound more like casino tokens (or fan tokens if in sports) in this scenario imo. I wouldn't bet on these coins actually following the BTC market, they're centralized coins after all and their functionality serves as more of a reward for people who use the service, in this case, casinos (or clubs) which makes them gamblers, or fans, unlike in the case of BTC, where most people involved are investors and the like. Not to mention that it's centralized, just that is enough to put it out of the competition and for any relation to happen with Bitcoin tbh.

[noormcs5]

It completely depends on you OP.
But the price of the tokens are somehow remains constant. This is done in order to ensure that the gambler gambles the exact amount and don’t make a loss.
Yes the price of the token might increase, if it is being list at some exchanges, but that’s really hard to happen.
So yes if you want to gamble with a fix value in your hand, then you should definitely opt for the casino’s tokens, else playing with BTC or ETH will be really great.

Why do you think that gambling tokens are hard to list on exchanges? Do you know freebitco FUN token which is listed on big exchanges?
Anyways, in a bear market, all the altcoins are slow in movement and we do not see any big moves. Most of them are hovering around their support levels. This is also true for the gambling tokens.

If you ask my point of view, i think gambling tokens have a perfect use case and if we are able to accumulate these gambling tokens in the bear market, we are hopeful that these tokens will give good returns in the bull market. Also, this is my point of view as I do include these gambling tokens in my portfolio. Everyone is free to accumulate any gambling tokens and this is not a financial advise.