A long term investor here, thinking about adding RoLLBit Token

[Outhue]

Any long term gambling projects investor here? I have been monitoring Rollbit gambling platform token for a while now and to my surprise this token makes it to a new high recently, from 0.001$ in 2022 of October to 0.02$ today, that's impressive gains and the all time high was even 0.05$ in February of 2023, anyone buying such coins for a long term hold?

I have not gambled on Rollbit before and I want to ask if there is anything adding extra value to Rollbit token, anyone using this platform should please drop a feedback, is the token been used on the platform itself for gambling? Or it has benefits if gamblers use the token to gble instead of using Bitcoin?

Thanks

[1715136590]

1715136590

[1715136590]

1715136590

[1715136590]

1715136590

[ryzaadit]

Read here: https://whitepaper.rollbot.com/ / https://rollbot.rollbit.com/rlb.pdf

You can get the full information of their utility, what asset they are provided and other. It's better to look their information desk rather than waiting someone explaining not fully about the benefits you can get from their token/NFTs.

[Slow death]

investing in casino token is something very risky, but if you put it in your head that it is a lost money then everything will be fine, but the moment you think about getting high profits then be careful because the casino tokens to go up in price depend on the casino performance and in this market of online casinos every month a new casino appears making this market already very saturated, the competition has become very big and the casinos are forced to have to see the number of customers being reduced, and if the casino offers some high bonus it risks going bankrupt, and from what I could see these casio tokens have the purpose of offering advantages in the casino

these benefits that the casino token offers in the casino will be creating conditions to bankrupt the casino when the casino needs to reduce or end certain incentives and bonuses, so if the casino reduces the benefits of the token, people will not be interested in buying the token token, therefore the price of the token will not rise, on the contrary it will fall, with the tendency of many casinos to appear each month so it is inevitable that the casino reduces the benefits it gives to the holders of tokens, well in any case I do research before to buy any casino token

[coin-investor]

investing in casino token is something very risky,

I agree with your assessment I have invested in two Casino based tokens but dump the other one and only retail the first one, if you're going to buy a token-based casino you should check their standing here in the gambling community, if they are popular or supported the gambling community, do they have unsettled accusation and are they active in resolving issues.
I based these criteria to dump Owl token because they lock their thread and they prefer to ignore members who ask them to communicate with the community, so far Rollbit is doing good here in Bitcointalk but do check the risk and the benefits and see if the benefits outweigh the risks.

[Hamphser]

Any long term gambling projects investor here? I have been monitoring Rollbit gambling platform token for a while now and to my surprise this token makes it to a new high recently, from 0.001$ in 2022 of October to 0.02$ today, that's impressive gains and the all time high was even 0.05$ in February of 2023, anyone buying such coins for a long term hold?

I have not gambled on Rollbit before and I want to ask if there is anything adding extra value to Rollbit token, anyone using this platform should please drop a feedback, is the token been used on the platform itself for gambling? Or it has benefits if gamblers use the token to gble instead of using Bitcoin?

Thanks

Adding up some links given above by some member
https://bitcoinchaser.com/rollbit-coin/

Speaking about RLB which is something that could really be earned or gained on various ways without needing to buy it literally.
Its up to you whether you would be accumulating RLB since you do able to see its potential and its growth in speaking about its value.
Of course always be minding or having the consideration that most of gambling based tokens are really that attached into its platform reputation and popularity
which we know if the time comes that Rollbit would become bigger then expect for the value to rise also and if it goes to the opposite
side of things then you do know on whats next.

[Hispo]

Besides the obvious risks associated to investing in an altcoin. It catches my attention that you do not gamble in that platform, it would be useful for you as an investor to keep yourself updated with the new features Rollbit could add through time, since that could affect the value of the token and then your investment.

They could be planning new things and features for their tokens and since you do not engage on there, you may not know soon enough to decide to sell and take profits or buy more in your position.

[Rigon]

Investing casino platform tokens is very risky I think. We are constantly seeing many casino platforms getting scammed after a few days. Many casino platforms are being shut down by owners due to lack of success. But since the RoLLBit casino platform has been around for a long time, you can prepare to invest here. If the owner takes steps to do better in the future, the price of the token can definitely go up. But since I have never entered and bet on the RoLLBit platform, I am not very experienced about this platform. But if there is a staking system on the RoLLBit platform, then by investing there, you can keep long-term staking, in which your profit will come and long-term investment will also be made.

[bittraffic]

It's risky but if you see the token to be at its bottom price, it's less risky as it also gives you the advantage in a share of the casino’s profits.
It's up to you to decide.

The casino was planing something else for the utility of the token but it's yet to be discussed. If there is a sudden pump of the token, I wouldn't be surprised if it's about the new use case.

[Coin_trader]

I have not gambled on Rollbit before and I want to ask if there is anything adding extra value to Rollbit token, anyone using this platform should please drop a feedback, is the token been used on the platform itself for gambling? Or it has benefits if gamblers use the token to gble instead of using Bitcoin?

Thanks

Don't Ape now. Wait for the correction because the current price is almost close to ATH. The room for profit is very low when you use ATH and ATL as a boundary for the price. The price is due to the previous update about the major upgrade. The first upgrade already dropped which is the on-site exchange and the other one is probably an airdrop or something but since an upgrade is already uncovered. I doubt that the hype due to the excitement will continue. This all happened when Rollbit experience a setback when they have an issue with their license. I think the team created this hype to cover that issue.

Trade safe. We have a lot of time to buy this before though. Now is not that much a good time unless you are really decided to ape on this.

[ethereumhunter]

I think there must be people who bought gambling coins and kept them for the long term and now they would have made a huge profit if they sold them at this time. But this requires research to choose which gambling coin can increase in the future and Rollbit proves that it can increase the price of its token.

But other tokens might also increase, such as BFG, OWL, FUN, and many other gambling tokens. You can check it on this page:

Code:

https://coinmarketcap.com/view/gambling/

Investors who buy gambling tokens can stake their tokens to get a large return because, when they buy the tokens, the price is not very high. So it's an advantage for them if they can buy a lot.

[kotajikikox]

Any long term gambling projects investor here? I have been monitoring Rollbit gambling platform token for a while now and to my surprise this token makes it to a new high recently, from 0.001$ in 2022 of October to 0.02$ today, that's impressive gains and the all time high was even 0.05$ in February of 2023, anyone buying such coins for a long term hold?

I have not gambled on Rollbit before and I want to ask if there is anything adding extra value to Rollbit token, anyone using this platform should please drop a feedback, is the token been used on the platform itself for gambling? Or it has benefits if gamblers use the token to gble instead of using Bitcoin?

Thanks

you are talking about one of the most popular casino site bitcointalk having now. while there are FAN token from Freebitco.in and some sites that has their own token , I think that the growing popularity and increasing players from Rollbit will bring more success to this token.
who knows that in the next bullrun(as the gamblers will surely add their trust to this site and tokens)then you  will see a 1 dollar value to their tokens?
but of course you need to trust this and risk first .

[tusandii]

Besides the obvious risks associated to investing in an altcoin. It catches my attention that you do not gamble in that platform, it would be useful for you as an investor to keep yourself updated with the new features Rollbit could add through time, since that could affect the value of the token and then your investment.

They could be planning new things and features for their tokens and since you do not engage on there, you may not know soon enough to decide to sell and take profits or buy more in your position.

All types of altcoins have risks to invest in, even BTC alone also has risks, but for BTC in the long term it is more reliable to invest because BTC is the only crypto that is very promising in the future.

Coming back to the topic, long term investing in gambling tokens is not really recommended as these types of tokens are centralized so their value can change significantly with some action.
If want to take advantage in a short time, maybe you can rely on it, but for the long term, you should just avoid it.
But still, as you said, an investor must continue to follow the development of the gambling token so that he can take action if there is an increase or decrease in price because we can see that some gambling tokens fail to develop and do not have a sufficiently satisfactory value.

For RLB itself, it is currently quite good, but who knows what it will be like in the future, it is clear that you have to be careful if you want to invest in gambling tokens.

[pakhitheboss]

Any long term gambling projects investor here? I have been monitoring Rollbit gambling platform token for a while now and to my surprise this token makes it to a new high recently, from 0.001$ in 2022 of October to 0.02$ today, that's impressive gains and the all time high was even 0.05$ in February of 2023, anyone buying such coins for a long term hold?

I have not gambled on Rollbit before and I want to ask if there is anything adding extra value to Rollbit token, anyone using this platform should please drop a feedback, is the token been used on the platform itself for gambling? Or it has benefits if gamblers use the token to gble instead of using Bitcoin?

Thanks

I have not invested in any gambling platform tokens in the past. After reading this thread, I did some research about RLB and found it to be a part of the Rollbit lottery. The past one-year performance of this token is looking good, and if someone wants to invest in it, then they need diamond hands. I cannot speculate on the future price, but I understand that it completely depends on the performance of the Rollbit lottery. I assume they have significantly increased their user base for the price to spike up significantly.

[iv4n]

...
But other tokens might also increase, such as BFG, OWL, FUN, and many other gambling tokens. You can check it on this page:

Code:

https://coinmarketcap.com/view/gambling/

Investors who buy gambling tokens can stake their tokens to get a large return because, when they buy the tokens, the price is not very high. So it's an advantage for them if they can buy a lot.

I like to play for tokens...

BFG and FUN are so different... and while we can mine BFGs, FUN tokens can only be bought. I have both... While holding BFGs we have passive income in popular coins FUN tokens can be staked only for more FUN tokens, but we get daily WoF spins, and increased daily interest/cashback, but that is for people who don't mind keeping some coins, and playing games on the site.
When it comes to OWL (I have a few hundred OWLs I think), after a good start they had some issues and it's a question if we will see them again on the forum. I stopped playing there a long time ago.

I wanted to try Rollbit, but: RollBit Casino Review

[klidex]

I have some RLB tokens on the site but never used them for gambling still using bitcoins.
The reason I had the RLB token at first was just for fun not expecting an increase in price and I also have other gambling tokens such as FUN BFG only as a collection not an investment.
But if you are planning to invest there then you should consider reading the links from some of the members above to see the future of the token.

[Weawant]

Any long term gambling projects investor here? I have been monitoring Rollbit gambling platform token for a while now and to my surprise this token makes it to a new high recently, from 0.001$ in 2022 of October to 0.02$ today, that's impressive gains and the all time high was even 0.05$ in February of 2023, anyone buying such coins for a long term hold?

Isn't it late already to buy this token, from your explanation it has already done a 19x return so what makes you think it'll continue to rise when there's no news concerning the project that's causing the price to increase in such amount of gains in a very short time.

Gambling tokens are altcoins and all altcoins behave alike, they get pumped and dumped later. I see this tokens dumping than continuing to increase in price unless there's some positive news that'll be coming in future to keep the price increasing higher.

What are the benefits of holding RLB, when you can use other coins like Bitcoin to gamble on the site. If Rollbit wants to add value to their coins, they should add some advantages to using RLB tokens to gamble so more investors will buy the token and gamblers too.

[piebeyb]

Rollbit is only one of the successful gambling tokens out of hundreds of failed gambling tokens, maybe not many tokens have succeeded like Rollbit, I have never invested here but I know friends who have invested in Rollbit said they are quite profitable, I only invest in FUN tokens from freebitcoin and i also hold this token haven't seen price increase unlike Rollbit but i believe FUN also have a future like Rollbit.

If you feel confident with Rollbit and want to invest there, make sure to do some research beforehand, it will be better so you don't feel like it's the wrong time to invest here.

[Distinctin]

Any long term gambling projects investor here? I have been monitoring Rollbit gambling platform token for a while now and to my surprise this token makes it to a new high recently, from 0.001$ in 2022 of October to 0.02$ today, that's impressive gains and the all time high was even 0.05$ in February of 2023, anyone buying such coins for a long term hold?

I have not gambled on Rollbit before and I want to ask if there is anything adding extra value to Rollbit token, anyone using this platform should please drop a feedback, is the token been used on the platform itself for gambling? Or it has benefits if gamblers use the token to gble instead of using Bitcoin?

Thanks

I think you need to study the project. It is currently active and popular within the community, which has led to the coin having significant value. However, it's up to you to analyze whether the current price allows for further improvement. Personally, I haven't seen many successful casino projects, so I find it risky to invest in one.

Nevertheless, if you believe in the principle of high risk, high reward, then you can try your luck. Just remember, it's always preferable to make moves based on calculated risk.

[Helena Yu]

but I know friends who have invested in Rollbit said they are quite profitable

I think your friend invested in Rollbit token when they were have a problem to renewed their license, after it's done, the price is suddenly increase and back to the normal price.

As we know casino token is mostly depends on the casino's reputation, if anything bad happen on the site, the token price will follow the same path e.g. FTX token. Rollbit is currently become one of the most reputable and trusted casino, it's just unfortunate many gamblers are abusing in this casino.

[Eureka_07]

<snip>

But if the casino is known, trusted, and has good amount of user base, then the investment will be less risky, IMO. If I was very aware of the launch date of RBO, I would have invest on it even just with few bucks since I know how reputatble Rollbit is.
If there will be more interesting utilities, I won't doubt if RLB gets more valued overtime.

Is RLB currently be used as betting currency in Rollbit casino?

*This is not an investment advice, please DYOR.