Brazil Fan Token Down 60% After Losing to Croatia

[fullhdpixel]

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?

Maybe some investors already expected the downfall after the team lose but they did not expect that the coin will never recover anymore, because the team is still there. They can be able to play again and perform better this time. Another reason on why it should continue to exist is because it was created by a government. They have the power to do that.

Can't imagine the amount of people trusted the coin since its creation but it looks like they are only being milked by their own government. That's pretty unusual. The view of the people towards their government are going to be affected badly for sure and if they will release another token in the future, how dare them? But I doubt if they will ever get an investor this time.

[bittick]

I'd be damned if my money depends on some football team performance, doesn't make sense at all for me but maybe I could understand why it's called fan token because this token is really for a fan.

[WalkerIVIV]

I also have this questions in mind , what is truly the benefits of Buying Fan token to Us? aside from full speculative
and assurance less.

this also what i wondered, this fan token aside from speculative purpose got one biggest disadvantage that is the manipulation, if it's for speculation based on these sports, i'd say gambling is far better than these fan token wretched with manipulation all the way in.

[Amejoaquim]

Honestly, right now I think they are just riding the wave and trying to make quick banks.
I dont really see any FAN Token really valueing the tech and doing it for the sake of it. Just like us, most of them are doing it for the hype and the money.
That being said, if somebody does it but not really giving their hearts into it, it will be a trash product.

[AnonBitCoiner]

Honestly, right now I think they are just riding the wave and trying to make quick banks.
I dont really see any FAN Token really valueing the tech and doing it for the sake of it. Just like us, most of them are doing it for the hype and the money.
That being said, if somebody does it but not really giving their hearts into it, it will be a trash product.

People investing in these coins because supply is very low and Its Up and down are happen with small flow of money. This is the reason when btc down, some whale buy these fan coin and these fan coins pumped and we saw in gainer list. If we talk about their usecase so i didn't found any real usecase but i am surprised why Binance a big exchange promoting these coins because every month There are some contest for these fans token and holder get some free airdrop of token or Nft from Binance. These Fan tokens will not remain for long time because hype will not remain for time and many exchange have strict rules for marketcap. If people stop investing in these coins for sometime, exchange will delist these coins.

[jacafbiz]

I don't think anyone needs to be surprised, just like Brazil Fan token dumped 60% after losing to Croatia so is Argentina, go and look at the Argentina Fan token after the world cup final, the token was $9 and now it is less than $1, that is more than 90% dump. I expect all these club fan tokens too to start dumping after the football season ends then start picking up close to the opening of the new season in August. If you play this well there is money to be made

[Psynthax]

I don't think anyone needs to be surprised, just like Brazil Fan token dumped 60% after losing to Croatia so is Argentina, go and look at the Argentina Fan token after the world cup final, the token was $9 and now it is less than $1, that is more than 90% dump. I expect all these club fan tokens too to start dumping after the football season ends then start picking up close to the opening of the new season in August. If you play this well there is money to be made

that sounds like common thing happened with these so called fan token the performance really depends on the performance of the team itself and thinking about it again, that does make perfect sense honestly.
it seems in every new season as you said maybe investing in it is not really bad idea.

[peter0425]

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.

Read more at: https://trynews.id/brazil-fan-token-turun-60-setelah-kalah-dari-croatia/

If you don't understand the nature of this coin then I will pass you for blaming , but if yes? then what can you expect?          

this is manipulated coin , if you are investing in this aside from betting in Brazil delegation then you will lose both.

instead of buying this coin? why not use your money in bet so you only lose one time  

Honestly, right now I think they are just riding the wave and trying to make quick banks.
I dont really see any FAN Token really valueing the tech and doing it for the sake of it. Just like us, most of them are doing it for the hype and the money.
That being said, if somebody does it but not really giving their hearts into it, it will be a trash product.

in time this will end , Am not sure how long will people trust this fan token but for me ? this is really suck believing .

[kotajikikox]

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.

I also have this questions in mind , what is truly the benefits of Buying Fan token to Us? aside from full speculative
and assurance less, Fan token for me is something that only used for Pump and dump and also only the creators happily benefiting .
Have seen some Fan tokens before and yes , majority if not all of those are already dead now, though in other way , a gambling sites created their
FUN token instead of FAN  

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?

so in this my word stands , and that is being used for pumping and dumping way that for me is not trustworthy project in all cost.
best that if you are more concern about your money , then best to stay away from this kind.

[mdzahed134]

I also have this questions in mind , what is truly the benefits of Buying Fan token to Us? aside from full speculative
and assurance less.

this also what i wondered, this fan token aside from speculative purpose got one biggest disadvantage that is the manipulation, if it's for speculation based on these sports, i'd say gambling is far better than these fan token wretched with manipulation all the way in.

Yeah, also i think MEME coin is better than such FAN token, at least meme coin hype is long where fan token can be dump or pump just based on 1 match win or lost, it’s ridiculous to me. I don’t know why people’s buying such token, it’s higher risk investment if compared with meme coin.

[icalical]

Well, that's expected, it's a fan token, I think everyone who are buying fan token should realize that they are buying those tokens not for investment but for supporting something that they love. If you gain some profit on fan token then it's good for you, but people should also expect to loss more if they invest on fan token.

[Xal0lex]

Well, that's expected, it's a fan token, I think everyone who are buying fan token should realize that they are buying those tokens not for investment but for supporting something that they love. If you gain some profit on fan token then it's good for you, but people should also expect to loss more if they invest on fan token.

Fan tokens are bought purely for speculation, because that is what they were created for. To speculate on famous sports and popular sports teams. These tokens have no utility or useful properties. They are ordinary shitcoins, just like memcoins or NFT pictures, whose purpose is to enrich their creators.

[Tahid12]

I saw such kind of fan tokens listing in cmc. Even i heard some of football association will give their players those fan token as their salary and so on. But in reality, i saw 95% of those get dumped including brazilian fan token. Those are so called shitcoin, created for nothing but make people entertainment. Those will never pump until the team win the Championship but even after that, fan token will get dumped for no reason. Avoid such coin, and let those losing price more, who cares!

[Oilacris]

I saw such kind of fan tokens listing in cmc. Even i heard some of football association will give their players those fan token as their salary and so on. But in reality, i saw 95% of those get dumped including brazilian fan token. Those are so called shitcoin, created for nothing but make people entertainment. Those will never pump until the team win the Championship but even after that, fan token will get dumped for no reason. Avoid such coin, and let those losing price more, who cares!

Shitcoin indeed and its still running up to now on which kind of trend on which it would really be just that normal that they would really be having this kind of approach on which those coin creators
would really be going along with the hype on which it would really be pertaining on things that they do saw around on which it would be normal that if there's a current trending team or event
then they would definitely creating a coin naming with that kind of name and would really be shilling out all over the place.

Initial pumps and hypes? Newbies do usually the ones who would really be victimized with this kind of stuff on which they would really be believing that it is really that
something that could bring out huge profits on the time that hype kicks in. Yes, if you do able to enter or buy on the bottom then profits is guaranteed but
once you do make yourself get caught on the peak, then it would be an another story.

[v3liana]

I never interested to buy such coin like this. The type of coin like this just pure of hype, without Copa america, World cup there is no hype with this coin. So what do you expect for the type of coin like this? I'm very pitty for those people who bought this coin.

[bitterguy28]

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.

Read more at: https://trynews.id/brazil-fan-token-turun-60-setelah-kalah-dari-croatia/

and this will will drop more and more as time goes by lol. Fan  tokens usually are kind of currency that does not bring significant  return or just good for early investors and for me? most of Fan tokens ends up scams ( this is my own belief and observation .

[riskarcher]

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.

Read more at: https://trynews.id/brazil-fan-token-turun-60-setelah-kalah-dari-croatia/

and this will will drop more and more as time goes by lol. Fan  tokens usually are kind of currency that does not bring significant  return or just good for early investors and for me? most of Fan tokens ends up scams ( this is my own belief and observation .

Actually it's true we don't have any get benefit for hold those coins, fan token olny benefits a few people who participate in their development but not for investor or Holder. Fan tokens will ends up soon due to it's the real gambling if any match happens will impact to fan token

[mdzahed134]

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.

Read more at: https://trynews.id/brazil-fan-token-turun-60-setelah-kalah-dari-croatia/

and this will will drop more and more as time goes by lol. Fan  tokens usually are kind of currency that does not bring significant  return or just good for early investors and for me? most of Fan tokens ends up scams ( this is my own belief and observation .

Right, if you will go to check PSG coin, it’s listed in Binance in 2021 when it was ATH 60$+ now it turn into 3$+ approximately it’s going down 94%, i'm considering FAN tokens and gambling both of same things. I think such trash coins still surviving because of listed on the top exchanges.

[savetheFORUM]

I saw such kind of fan tokens listing in cmc. Even i heard some of football association will give their players those fan token as their salary and so on. But in reality, i saw 95% of those get dumped including brazilian fan token. Those are so called shitcoin, created for nothing but make people entertainment. Those will never pump until the team win the Championship but even after that, fan token will get dumped for no reason. Avoid such coin, and let those losing price more, who cares!

Fan coins are basically created to generate funds for federations or managements of either national teams or clubs and the money collected through token sale are used for different expenses at the clubs like funding different campaigns, doing stadium upgrades, or any other expenses that the management might have to bear, so these coins are generally not shitcoins since they serve a purpose but they can surely fluctuate more than normal cryptocurrencies.

I believe only people who are actually fans of those clubs and football associations only purchase these tokens because they wouldn't care if they have to face losses as they might be seeing this as a way to support their teams which is technically true since the money is used by the club.

[bitterguy28]

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.

Read more at: https://trynews.id/brazil-fan-token-turun-60-setelah-kalah-dari-croatia/

and this will will drop more and more as time goes by lol. Fan  tokens usually are kind of currency that does not bring significant  return or just good for early investors and for me? most of Fan tokens ends up scams ( this is my own belief and observation .

Actually it's true we don't have any get benefit for hold those coins, fan token olny benefits a few people who participate in their development but not for investor or Holder. Fan tokens will ends up soon due to it's the real gambling if any match happens will impact to fan token

exactly , as those promoter and dev of this project had already taken their bags of money and those late investors are the sole loser here , there are plenty of fan tokens that we have already come across and some are even from gambling sites but look at them now , they remain no responding in market movement though some expect big return and action when the bull comes in which rarely to happen.