Brazil Fan Token Down 60% After Losing to Croatia

[nimogsm]

I think people should not blindly dive into fan tokens or this type of issues will occur. Think about it friends. You literally are buying into hype. Its something very similar to gambling in my opinion when someone buys fan token of a team. There should be use cases for fan tokens to consistently raise their market cap. Otherwise they are like "i bought this because i bet them to win tonight's match".
In Brazil's case, they were the best team but eliminated so, coin quickly lost hype.

such tokens are interesting only for a short period and it will not be possible to expect a long-term perspective from them.It seems to me that it is easier to place a bet on your favorite team in bookmakers as it is much easier and less hassle.

[mdzahed134]

Fan's token is always will be pump & dump because it’s price will increase or decrease it’s totally depend on the team results in the game, if Brazil lost with croatia and they’re eliminated from the world, so that this token hype is ended, and it’s immediate effect on the token price. So, i think buying fans token it’s high risky investment

[romero121]

Fan's token is always will be pump & dump because it’s price will increase or decrease it’s totally depend on the team results in the game, if Brazil lost with croatia and they’re eliminated from the world, so that this token hype is ended, and it’s immediate effect on the token price. So, i think buying fans token it’s high risky investment

These are high risk investment and these tokens doesn't have any MVP. Just on the speculation the market gets driven, because the price moves were connected with the match results. As the Brazil Fan token is developed and launched by the Brazil Football Federation it gained the attention of everyone and got good investment. For users who watch Brazil matches it is good to invest before the match and enjoy the profit once the match gets over.

[Smitty Werben Man Jensen]

Fan's token is always will be pump & dump because it’s price will increase or decrease it’s totally depend on the team results in the game, if Brazil lost with croatia and they’re eliminated from the world, so that this token hype is ended, and it’s immediate effect on the token price. So, i think buying fans token it’s high risky investment

Before buying fan tokens I think it is necessary to seriously consider because as you said the risk is high,
and it was proven when Brazil lost to Croatia, this made Brazilian fan tokens experience a drastic decline,
if you discuss the risk of course every investment has a risk

[kotajikikox]

There is more to come as the event ending , remember that the main objective of this Fan token is solely for the game and do you think there will be a future for this as we have seen some Fan token before?
even popular sportsman had released their token in the past and ended what?

[Woodie]

Brazil Fan Token Down 60% After Losing to Croatia

It's only fair that the coin reacts to Brazils real life performance

There is more to come as the event ending , remember that the main objective of this Fan token is solely for the game and do you think there will be a future for this as we have seen some Fan token before?
even popular sportsman had released their token in the past and ended what?

Not a vivid follower of these fan tokens, but does this imply that fan tokens are only exclusive to how these team perform in football... What happens to other sports represented by these nations like basketball, volleyball etc??? Do they get to influence the coins value?

[Pierre 2]

I think people should not blindly dive into fan tokens or this type of issues will occur. Think about it friends. You literally are buying into hype. Its something very similar to gambling in my opinion when someone buys fan token of a team. There should be use cases for fan tokens to consistently raise their market cap. Otherwise they are like "i bought this because i bet them to win tonight's match".
In Brazil's case, they were the best team but eliminated so, coin quickly lost hype.

such tokens are interesting only for a short period and it will not be possible to expect a long-term perspective from them.It seems to me that it is easier to place a bet on your favorite team in bookmakers as it is much easier and less hassle.

Exactly! Its far better to bet on your favourite team and gamble money anyways. I am pretty sure there were high odds for teams playing against Brazil. Also someone could just go on bet on Brazil's championship. Odd would be lower yeah but you wouldn't bother keep selling buying. Just bet and forget! Far less hassle.
People are probably buying intp hype about fan tokens so they prefer not to gamble instead.

Brazil Fan Token Down 60% After Losing to Croatia

It's only fair that the coin reacts to Brazils real life performance

There is more to come as the event ending , remember that the main objective of this Fan token is solely for the game and do you think there will be a future for this as we have seen some Fan token before?
even popular sportsman had released their token in the past and ended what?

Not a vivid follower of these fan tokens, but does this imply that fan tokens are only exclusive to how these team perform in football... What happens to other sports represented by these nations like basketball, volleyball etc??? Do they get to influence the coins value?

It depends. Mostly people start selling directly if team loses tournament, gets eliminated etc. Real life performance influences tokens a lot.

[babygun]

Fan's token is always will be pump & dump because it’s price will increase or decrease it’s totally depend on the team results in the game, if Brazil lost with croatia and they’re eliminated from the world, so that this token hype is ended, and it’s immediate effect on the token price. So, i think buying fans token it’s high risky investment

Exactly, I think you could have made some good money by investing in some fan tokens before the start of this worldcup, but you also need to get out in time. As you say, this are pump and dump coins and too risky for me. Probably, most fan tokens will drop in the next few weeks/months as the hype of the worldcup will be over.

[kotajikikox]

Brazil Fan Token Down 60% After Losing to Croatia

It's only fair that the coin reacts to Brazils real life performance

There is more to come as the event ending , remember that the main objective of this Fan token is solely for the game and do you think there will be a future for this as we have seen some Fan token before?
even popular sportsman had released their token in the past and ended what?

Not a vivid follower of these fan tokens, but does this imply that fan tokens are only exclusive to how these team perform in football... What happens to other sports represented by these nations like basketball, volleyball etc??? Do they get to influence the coins value?

Influencing ? yeah they might or not but the main objective here is to established if those fan tokens are really worth investing or if it is Long term or short term?
because the more the investors trying to find reason to trust them is the more reason they wanted to understand the mean.
because there are no fan token that stays above after several time or chances.

[ethereumhunter]

If the fan token doesn't have any benefit, the token will certainly decrease if something happens to the team or the current uncertain market conditions. Those who invest in fan tokens may support their team at certain events so they buy their fan tokens. But it's not easy to compete with projects with better plans than fan tokens, especially if it's only aimed at supporting teams from their country. I'm afraid the end goal of this fan token is just about pump and dump. Just my 2 cents.

[beerlover]

Brazil Fan Token launched by the Brazilian government and the Brazilian football federation
BTF Token cryptocurrency is a national fan of Brazilian football. It dropped 50% in a few hours and about 60% in 24 hours after losing against Croatia at the FIFA World Cup in penalty shootout.

The Brazilian government and football federation launched the Brazil Fan Token on August 25, 2021. The token offers an exclusive experience for investors and sports fans around the world.

When this token is backed a government and its sports authority, I guess there will be no need to panic on seeing a 60% downfall rather you should focus on accumulating more to maximize your chances for grabbing more profits while it will be bouncing back. I never followed this token but if it is not reaching its 80% downfall from the peak price then keep averaging while accumulating will help.

At the same time, we need to bother about what are the chances from government side to keep backing up this token. I mean some times government may change their policy without any proper reason or explanation and in such case they will abandon it immediately; so government's token alone cannot be a good reason to keep investing in one token; always diversify.

[Wiwo]

Brazilian fans token is not going anywhere, since it is a fan utility token, the mood of their fans will determine the value of the token at whatever time, and the token can easily get pumped by the government or any other whales that have control of a large amount of the token. I was amazed by the reaction of the citizens of Brazil after their national team was knocked out of the world cup I heard the players were stoned with water battles when the returned back from the world cup Qatar 2022. So am not surprised that the value of the fan token dropped after the team lost that shows how weak the tokeb is and since it is a utility token there is less anyone can do if the fans have no motivation to support the team.

[n0ne]

If the fan token doesn't have any benefit, the token will certainly decrease if something happens to the team or the current uncertain market conditions. Those who invest in fan tokens may support their team at certain events so they buy their fan tokens. But it's not easy to compete with projects with better plans than fan tokens, especially if it's only aimed at supporting teams from their country. I'm afraid the end goal of this fan token is just about pump and dump. Just my 2 cents.

These are mere tokens that doesn't have any value. Just the variation is experienced out of the market movements happening connected to the football matches of Brazil. Only the football fans find it good and enjoy to some extent while watching Brazil matches. The support from Brazil federation to have a fan token is really appreciable.

[ethereumhunter]

If the fan token doesn't have any benefit, the token will certainly decrease if something happens to the team or the current uncertain market conditions. Those who invest in fan tokens may support their team at certain events so they buy their fan tokens. But it's not easy to compete with projects with better plans than fan tokens, especially if it's only aimed at supporting teams from their country. I'm afraid the end goal of this fan token is just about pump and dump. Just my 2 cents.

These are mere tokens that doesn't have any value. Just the variation is experienced out of the market movements happening connected to the football matches of Brazil. Only the football fans find it good and enjoy to some extent while watching Brazil matches. The support from Brazil federation to have a fan token is really appreciable.

If so, this is just like the pump and dump tokens we have often encountered in the market. People who wish to make it an investment should be careful in buying it because there is no guarantee that this type of token will increase greatly in the future. If the token can be useful for fans, the price will not go up or down too high or low unless market conditions also decline. They may need to learn more about the token's benefits for their fans because the fans will buy it, not the average person.

[FUCKBSVFUCK]

The project was inspired by the Brazilian team, the Brazilian national team and all their goal of improving the football fans in different countries. 
Brazil is a very popular football club, they have been playing for almost half a decade and there has been a great increase in the number of fans. The team is a very special one because they can be a real team of a certain age, the country is the favorite football club in the world.   
 
Brazil is not yet a soccer fan and it is still very young in the world but they are also fans that they can enjoy.

[Reatim]

The project was inspired by the Brazilian team, the Brazilian national team and all their goal of improving the football fans in different countries. 
Brazil is a very popular football club, they have been playing for almost half a decade and there has been a great increase in the number of fans. The team is a very special one because they can be a real team of a certain age, the country is the favorite football club in the world.   
 
Brazil is not yet a soccer fan and it is still very young in the world but they are also fans that they can enjoy.

But the coin is in the topic here and not the team actually , though it stands with them yet we knew that this market is not supporting anything that wont favor them in return.
while this Fan token may be supported by the government or even fans but what percent they represent the whole crypto market?
and besides there are so many fan token now that even gambling sites are providing one.
I'm just wishing that this Brazil Fan token will find way up in the coming years , specially if they did not progress
in their goal to enhanced and improve their existence in sports like this.
the competition is to tough , and arranging investors in crypto world is more tougher .
best to agree on that and try not to boost thread when there are no assurance of hitting the top from their precious investments .

[Oilacris]

The project was inspired by the Brazilian team, the Brazilian national team and all their goal of improving the football fans in different countries. 
Brazil is a very popular football club, they have been playing for almost half a decade and there has been a great increase in the number of fans. The team is a very special one because they can be a real team of a certain age, the country is the favorite football club in the world.   
 
Brazil is not yet a soccer fan and it is still very young in the world but they are also fans that they can enjoy.

But the coin is in the topic here and not the team actually , though it stands with them yet we knew that this market is not supporting anything that wont favor them in return.
while this Fan token may be supported by the government or even fans but what percent they represent the whole crypto market?
and besides there are so many fan token now that even gambling sites are providing one.
I'm just wishing that this Brazil Fan token will find way up in the coming years , specially if they did not progress
in their goal to enhanced and improve their existence in sports like this.
the competition is to tough , and arranging investors in crypto world is more tougher .
best to agree on that and try not to boost thread when there are no assurance of hitting the top from their precious investments .

Really just that too small honestly if we do talk about investors of those fan token based which we know that numbers wont really be that huge. This isnt something new because if ones a particular team had lost  and it would be named on a certain team then emotions and fundamentals would kick in which it would really be just in normal approach and just like other tokens in the market which is named or based up into something which it is really just that a normal common approach.

This is why its never been ideal on supporting or investing into these kind of types unless if the coin is really that been created by the team itself and you do show up that support into them
then it wont really be that bad but of course you shouldnt really be expecting on making profits in long term because if the hype would be gone
then so as with the price movement and the worst it would just simply wither and die together with your investment.

[disconnectme]

What do you expect, I think it is working as designed if you look at the economics behind it, A  football team lost a cup competition the value of that team would drop and that of the team that won would rise. I could remember that the price of Argentina tokens continued to rise until after the tournament because the team continue to do well and won the tournament

[Nazmul012]

And after your post, it downfall and never raise up again. I really wonder about the performance of Brazil National Football Team Fan Token. I mean Brazilian govt. themself along with their football federation launched this token and they let it dead without doing anything? Brazil football team still exist with hopes for future. I don't understand why govt. didn’t try to develop. Then how could people trust their government again if they launch another token for future transaction?

[shinratensei_]

If the fan token doesn't have any benefit, the token will certainly decrease if something happens to the team or the current uncertain market conditions. Those who invest in fan tokens may support their team at certain events so they buy their fan tokens. But it's not easy to compete with projects with better plans than fan tokens, especially if it's only aimed at supporting teams from their country. I'm afraid the end goal of this fan token is just about pump and dump. Just my 2 cents.

I mean fan token exactly as the name said, only token for fans, basically you're buying it for supporting it which still rather baffles me how you could support it in any meaningful way by buying the fan token other than just being used for speculative purpose basically as you have said pump and dump token. but the thing is considering the nature of these token, hardly go back up but really easy to go down and will just stay down for long time, i'd definitely refrain from investing in such coin, heck maybe we couldn't even call it investing since the performance relies heavily in football team performance which varies, more over the fact that this month around their football team are performing really bad would only mean you have made really bad investment/speculation decision.