A long term investor here, thinking about adding RoLLBit Token

[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.

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.

You know, because of the things you have mentioned, I am the kind of person who do not fully believe that gambling tokens fall into the category of traditional alternative coins. They are like a third group.or assets which we must be careful with, because some regulators could label them as unregistered securities and slam against the casino if they do not get rid of the support to their own token.

If anyone is thinking to invest on a casino token, in my opinion that person is supposed to be a regular gambler of said webpage and also set all price alerts possible, so they can track effectily how their capital is going and when it would be a good time to start taking profits.

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[Quidat]

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.

You know, because of the things you have mentioned, I am the kind of person who do not fully believe that gambling tokens fall into the category of traditional alternative coins. They are like a third group.or assets which we must be careful with, because some regulators could label them as unregistered securities and slam against the casino if they do not get rid of the support to their own token.

If anyone is thinking to invest on a casino token, in my opinion that person is supposed to be a regular gambler of said webpage and also set all price alerts possible, so they can track effectily how their capital is going and when it would be a good time to start taking profits.

Everything would really be pertaining about making profits and this is something that most investors or gamblers who do have RLB would really be minding.For some they might be
going for long term approach but for most people they would really be liking to see some slight increase or percentage then it would really be a good time on making taking profits action.
We know that no matter which thing we are dealing with then we do really know that we cant really be able to assure if its value would last long or not.
Gambling based tokens would definitely be reflecting out on their companies situation and the investor on which its been mainly be supporting.
You cant really be just that too confident when it comes to long term aspect because we dont know on when a certain company would be facing up some issues.

[LUCKMCFLY]

Everything would really be pertaining about making profits and this is something that most investors or gamblers who do have RLB would really be minding.For some they might be
going for long term approach but for most people they would really be liking to see some slight increase or percentage then it would really be a good time on making taking profits action.
We know that no matter which thing we are dealing with then we do really know that we cant really be able to assure if its value would last long or not.
Gambling based tokens would definitely be reflecting out on their companies situation and the investor on which its been mainly be supporting.
You cant really be just that too confident when it comes to long term aspect because we dont know on when a certain company would be facing up some issues.

When we think about what is the best investment of any cryptocurrency or tokens, we take into consideration what is the best option, we can do many studies or we can see what is better if a good technical analysis, or fundamental analysis, even both, but what What is now being considered is how will the NFT price react when bitcoin reaches a high price, or when bitcoin goes down, how will it behave? All these things are what should be thought about, however in Rollbit I have seen that they have some very good options and they guarantee the investment, so I think that here it is a win-win.

[AmoreJaz]

Well, for me, I selectively buy casino tokens, and Rollbit token is definitely a good buy right now, even if you are not buying it to hold for a very long time, buying the token now would definitely bring in a good profit by next year, considering the fact that bitcoin halving is just around the corner and the possibility of a bull run is kind of imminent.

I used to hold alot of Rollbit tokens In the past, but sold almost every thing, hoping to buy back again soon, in preparation for the coming year.

one thing to consider in buying a casino token is assess the casino itself. on this note, rollbit is quite doing good in this business. so for now, buying their token may possibly give you good profits. however, if you buy, you also need to keep up with their updates.
from what i've seen among casino tokens here, very few can attain success or survive long enough. got some bfg tokens before but sold them coz i couldn't keep up with the casino updates. so bottomline, you can always buy a promising casino token, however, it is your responsibility to be updated with their happenings. because they may be changing their version of their token and you're already too late for the swap, just an example of what you might encounter.

[Strongkored]

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

As far as I know, this coin is only distributed free to rollbit users who have made a deposit at the beginning of its appearance and this coin is used for the lottery by staking our RLB coin. Actually, increases are common and sometimes it's not based on the performance of the coin or the casino but rather the speculation of the traders and holders of this coin, with trading volumes that are still low and also only available on DEXs that are the SOLANA network with volumes from DEXs that are also not high, not expecting much will this coin do better maybe there will be a period where it goes back up or reaches a new ATH every year but it could also keep dropping from time to time if the development is not so encouraging. So far no casino-based tokens have impressed as it seems the development is focusing more on the casinos than the tokens themselves.

[tusandii]

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You know, because of the things you have mentioned, I am the kind of person who do not fully believe that gambling tokens fall into the category of traditional alternative coins. They are like a third group.or assets which we must be careful with, because some regulators could label them as unregistered securities and slam against the casino if they do not get rid of the support to their own token.

If anyone is thinking to invest on a casino token, in my opinion that person is supposed to be a regular gambler of said webpage and also set all price alerts possible, so they can track effectily how their capital is going and when it would be a good time to start taking profits.

I myself am also the type of person who doesn't really believe in gambling tokens to be made into long-term investments because we can see for ourselves that some of the gambling tokens there isn't any that have managed to reach the peak of success are quite good.
Maybe for RLB lately it has good potential because the price is getting better but this is all supported by Rollbit itself which has become one of the most popular casinos with a pretty good reputation so that the adoption of RLB has increased and made the price go up.
But we must always prioritize caution, especially when we invest in gambling tokens, which are clearly focused on one point, namely Rollbit itself.

If for short-term trading maybe we can make RLB an option for now.

[Stakefast]

Rollbit is in my opinion the most advanced crypto casino to this date.

They not only have Slot Battles, they also offer NFT gambling aswell as PVP Jackpots, Cases, Crypto-Futures.

And every single game is made to perfection.

[o48o]

Well, for me, I selectively buy casino tokens, and Rollbit token is definitely a good buy right now, even if you are not buying it to hold for a very long time, buying the token now would definitely bring in a good profit by next year, considering the fact that bitcoin halving is just around the corner and the possibility of a bull run is kind of imminent.

I used to hold alot of Rollbit tokens In the past, but sold almost every thing, hoping to buy back again soon, in preparation for the coming year.

in hindsight, op posted this in 16th and in next 2 days when you answered to this, RLB had jumped almost 100%. Maybe because OP market bought a lot, dunno. But it has now dropped almost -50% so waiting would have been better option. Obviously you never can tell beforehand when to jump board, as sometimes it just keeps going up when i am waiting for the reversal that never comes.

Somehow i don't care much if i buy the top and crash -70%, compared to if i am not buying the bottom and miss out the rocket it bugs me more. But this seems like RLB is showing recovery. Hopefully this raises hopes to other casino tokens as well.

[Wiwo]

The point in investments is where to get the right profits and casino tokens are not a good investment choice since they are created for the purpose of incentive anything other than that, will lead to grave devaluation that will lead investors to lose since casino tokens can't be called an asset, but a utility that is why some of them have a stable fixed price and are only used on the casino.

[Mate2237]

The point in investments is where to get the right profits and casino tokens are not a good investment choice since they are created for the purpose of incentive anything other than that, will lead to grave devaluation that will lead investors to lose since casino tokens can't be called an asset, but a utility that is why some of them have a stable fixed price and are only used on the casino.

Investing in a casino token is not too bad because the casino too need investors and also needs people to use their token so they can be more popular in the ecosystem. They can also make profit from there too. If we talk about risk then nobody can invest in any coin or token because risk is part of human action. As some commentators said it is risk to invest in casino token, I don't believe that because risk is everywhere. And also if a casino token is listed in any exchange then the investor can also make use of it at anytime.

[Beparanf]

The point in investments is where to get the right profits and casino tokens are not a good investment choice since they are created for the purpose of incentive anything other than that, will lead to grave devaluation that will lead investors to lose since casino tokens can't be called an asset, but a utility that is why some of them have a stable fixed price and are only used on the casino.

Investing in a casino token is not too bad because the casino too need investors and also needs people to use their token so they can be more popular in the ecosystem. They can also make profit from there too. If we talk about risk then nobody can invest in any coin or token because risk is part of human action. As some commentators said it is risk to invest in casino token, I don't believe that because risk is everywhere. And also if a casino token is listed in any exchange then the investor can also make use of it at anytime.

Not all casino tokens is good for investment since most of them use the token liquidity for their marketing which means investors money is being use for casino operation cost while investors don’t get much return aside from token burning that is useless when the total supply is still not circulated yet.

On this case. RLB tokens was introduced after the existence of the casino. Rollbit is already a successful casino before the tokens which means the team won’t pressure much the token liquidity to dump the price because they have the resources to operate. RLB tokens is the best casino tokens I’ve invested so far because of the good return.

[Wiwo]

The point in investments is where to get the right profits and casino tokens are not a good investment choice since they are created for the purpose of incentive anything other than that, will lead to grave devaluation that will lead investors to lose since casino tokens can't be called an asset, but a utility that is why some of them have a stable fixed price and are only used on the casino.

Investing in a casino token is not too bad because the casino too need investors and also needs people to use their token so they can be more popular in the ecosystem. They can also make profit from there too. If we talk about risk then nobody can invest in any coin or token because risk is part of human action. As some commentators said it is risky to invest in casino tokens, I don't believe that because risk is everywhere. And also if a casino token is listed in any exchange then the investor can also make use of it at any time.

I don't think casino tokens are aimed at generating investors external from the member who should be the first liquidity for the tokens, such as players making and placing their bets on the casino using their tokens, I used to know of some of the few casino tokens who got exposed to the external market and right now the price of the token have dumped greatly,  but then we must not look away from the possibility of profits which may accompany the token and how individual may invest and cashing out in a few ways but the ultimate questions is, will there be consistency in that casino token price or the be a great dump.

But what sustains a token is liquidity and if Rollbit who are big casino can have a limited supply and an ecosystem that will sustain the token liquidity.

[cabron]

Well, for me, I selectively buy casino tokens, and Rollbit token is definitely a good buy right now, even if you are not buying it to hold for a very long time, buying the token now would definitely bring in a good profit by next year, considering the fact that bitcoin halving is just around the corner and the possibility of a bull run is kind of imminent.

I used to hold alot of Rollbit tokens In the past, but sold almost every thing, hoping to buy back again soon, in preparation for the coming year.

in hindsight, op posted this in 16th and in next 2 days when you answered to this, RLB had jumped almost 100%. Maybe because OP market bought a lot, dunno. But it has now dropped almost -50% so waiting would have been better option. Obviously you never can tell beforehand when to jump board, as sometimes it just keeps going up when i am waiting for the reversal that never comes.

Somehow i don't care much if i buy the top and crash -70%, compared to if i am not buying the bottom and miss out the rocket it bugs me more. But this seems like RLB is showing recovery. Hopefully this raises hopes to other casino tokens as well.

Very timely. Could be coincidence. Tokens like RLB couldn't be added to exchanges easily because there could be more regulators that is going to chase them like gaming board and SEC.

Anyway, the value of the token depends on how the company is. If you are confident rollbit will live on to what you expect, thats got to be a reason to invest to the token.

[Haunebu]

I wouldn't invest in it if I were you op. Why? Because the chances of earning huge profits from gambling tokens is pretty low based on my research. You stand to gain more by investing in memecoins instead.

Anyway, whatever your decision, I advise investing only what you are willing to lose.

[klidex]

The point in investments is where to get the right profits and casino tokens are not a good investment choice since they are created for the purpose of incentive anything other than that, will lead to grave devaluation that will lead investors to lose since casino tokens can't be called an asset, but a utility that is why some of them have a stable fixed price and are only used on the casino.

Investing in a casino token is not too bad because the casino too need investors and also needs people to use their token so they can be more popular in the ecosystem. They can also make profit from there too. If we talk about risk then nobody can invest in any coin or token because risk is part of human action. As some commentators said it is risk to invest in casino token, I don't believe that because risk is everywhere. And also if a casino token is listed in any exchange then the investor can also make use of it at anytime.

Regarding investing in casino tokens for me I don't really think about it because I'm also a gambler so when I invest a little money to buy a token like RLB and hold it on the Rollbit site even though the price drops I can still use it to bet.
In fact everything I experienced came true buying some RLB holding it on the Rollbit site and I used it to play the lottery and finally after the RLB price reduction made me happier because I didn't think too much about the RLB price but it pumped up to 100%.
So for me investing in gambling tokens there is no need to use large amounts of money just use small amounts that can be enjoyed when the price dumps.

[BitcoinPanther]

Looking at the token supply of only 5B, I think the token has a huge potential to grow.  With rollbit casino backing the liquidity of the token, more and more gamblers that play in the Rollbit platform will surely give more liquidity on the token market.  I believe that Rollbit goal as a casino is for a long term service, so we should not look at the Rollbit Token in a short term sight instead looking at it in a long term situation, with the limited token supply, it is not bad to allocate some of our funds into investing on their token because the factor are too obvious that there is a huge chance that the Rollbit token will increase in value in long term.

[dothebeats]

The point in investments is where to get the right profits and casino tokens are not a good investment choice since they are created for the purpose of incentive anything other than that, will lead to grave devaluation that will lead investors to lose since casino tokens can't be called an asset, but a utility that is why some of them have a stable fixed price and are only used on the casino.

Investing in a casino token is not too bad because the casino too need investors and also needs people to use their token so they can be more popular in the ecosystem. They can also make profit from there too. If we talk about risk then nobody can invest in any coin or token because risk is part of human action. As some commentators said it is risk to invest in casino token, I don't believe that because risk is everywhere. And also if a casino token is listed in any exchange then the investor can also make use of it at anytime.

Regarding investing in casino tokens for me I don't really think about it because I'm also a gambler so when I invest a little money to buy a token like RLB and hold it on the Rollbit site even though the price drops I can still use it to bet.
In fact everything I experienced came true buying some RLB holding it on the Rollbit site and I used it to play the lottery and finally after the RLB price reduction made me happier because I didn't think too much about the RLB price but it pumped up to 100%.
So for me investing in gambling tokens there is no need to use large amounts of money just use small amounts that can be enjoyed when the price dumps.

I think the platform has all of the leverages to their advantage by releasing this token. First, they get to have a token that they can make money on as people invest and buy it and second, since the token can be used on their platform and it has value, they can just sell it somewhere and still make a profit while the gambler who wants to gamble more uses their token. It's a win-win situation for the platform, not so much for the gambler especially if he/she doesn't know self-control at all.

[Slow death]

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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.

I understand this and that the people who come early, who have the opportunity to buy early and the creators of the altcoin are the only people who really manage to make big profits, for those people who invest early there is no reason to be sad, even the token creators don't have any reason to complain because they always come out with profits, that's the problem, and that the token creators at the beginning are poor and make a lot of promises and when many months pass and the token has big increases, something like 10x or 20x token creators get rich and no longer care much about the token or altcoin

and who takes the losses? the answer is very simple: all people who buy after the token has had big price increases and then they are still deluding themselves that the price of the token will still have bigger profits, year goes by and nothing but even so people are still in the illusion, the saddest thing is that they don't think why the token would go up so much? what would make the token go up a lot? the casino offers the same things that all casinos offer so the new casino that offers the token will not be able to compete with an older and more reliable casino

[jostorres]

I myself am also the type of person who doesn't really believe in gambling tokens to be made into long-term investments because we can see for ourselves that some of the gambling tokens there isn't any that have managed to reach the peak of success are quite good.
Maybe for RLB lately it has good potential because the price is getting better but this is all supported by Rollbit itself which has become one of the most popular casinos with a pretty good reputation so that the adoption of RLB has increased and made the price go up.
But we must always prioritize caution, especially when we invest in gambling tokens, which are clearly focused on one point, namely Rollbit itself.

If for short-term trading maybe we can make RLB an option for now.

Gambling tokens are actually altcoins, and we should always be cautious when we are investing in altcoins for the long term because most altcoins are only good to be traded for the short term only to get a few percent of profits from your investment. When it comes to gambling tokens, I personally don't have any experience buying and holding them or even having my eyes on them.

A casino's trust and reputation might have a little bit of influence on the price of its native token but I don't think that it is the only element that can make the price go up, the main element for a cryptocurrency to gain more value is the demand, if a token is in demand, it's very likely to go pretty high in terms of value.

[Casdinyard]

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

I think this doesn't just go for casino utility tokens but for shitcoins in general. Most of these people think they're some sort of penny stock iteration that provides them with massive gains for little to no cost when in fact it's the biggest money drain in the industry. Invest for the hell of it, use it as some sort of warm up as you're trying to invest long-term on new currencies beyond bitcoin and ethereum, but don't really expect to get massive gains from it as Slow Death here has said cause there's no real world use case for these coins besides being the utility token for their sites, and since that kind of utility is a little self-centric you wouldn't really see people flocking in to buy this coin, and sometimes the casino would even limit public purchases to make sure they have enough to go around their site.

So yeah, invest if you have to, but don't really expect gains from it no matter what the charts say, save yourself from the disappointment.