We are all here for quick profit, whether you are really that dealing with casino tokens or not- We are really that aiming for short term or long term trades which will really vary on what are the things that you do have in mind because not all would really be thinking up the same in terms of this one because there are those individuals who would really be trying out to invest just because they do want or like to support a project.Its true that the only thing which is important is that you should invest on the amount that you can afford to lose or something that not makes you cry on the time that the price will be going down to the floor.
Specially basing up on what @Fatunad said above or elaborated or shown then we do able to see those 70-90% drops on which this could lead to panic
if you have bought at the peak. I dont know if you are still holding or would be cutting your loses.
I have a few casino tokens that I still keep after selling them at the last increase. I just hope that the casino token can rise again in the next altcoin season. That would be a medium and long term investment that I can wait for besides waiting for Bitcoin's bull run.
This is too assumptious bro, what if the entire casino coins never performed well this time due to one reason or the other? It is so possible that despite the entire cryptocurrency space flourishing at a time, a certain sectional part of industry could have some disadvantageous views which could make people overlook them since they are not encouraging to invest in. While some may try to appreciate in value but with little or no noticeable effect. This could be so discouraging to say a few, which is why we have to be careful here and not believe in some general assumption.
Lots of discouraging actions made by some of casino token creators and they didn't give much the importance of their community feedback that's why I decide to stay away with those casino tokens since I don't like to became a bag holders of those projects. That's why I decide to invest my money on top alts or for bitcoin only since its hard to wait for something unsure and we don't see any great things done by the project creators. Sometimes I believe that this tokens are created for short time pump and dump scheme and the token creators just want to have good sale for their project so they could add some huge funding's to operate their casino. But they don't have long term plan for their token since what usually they do is to wait for demand to come and if there's no coming then their project will remain at worst condition floating up in the market.
The casinos are also competing with others for their tokens, it is very dangerous in the sense that they can turn their tokens back to the entire community, because it is money and everyone likes to invest and win but when it does not work and the community starts to give advice to improve and the casino does not listen to them because things can get ugly, the case of several casinos here in the forum is very particular, and when the casino takes a very radical position it is worse because it becomes complicated in every way and what they achieve is that the combdiad that was generated later leaves and this causes the casino to go down little by little.
Correct me if I am wrong, but a serious casino that has tokenized itself will not do what will jeopardise the progress. They may seem not serious about it but indeed, they will always mean well for the project. Nonetheless, one thing that is certain is that the project can only thrive based on 3 main factors among many other factors, which are;
1. The progress of the casino itself. Is the casino finding it difficult to make headway in the industry? Are there too many complaints, legal and liquidity issues and all that?
2. The way the casinos can market the token, which goes a long way in helping them, especially in the areas of hype with influencers and ads just as they are marketing their companies. If this could be planned and done well, it would go a long way to help the casinos' tokens.
3. Lastly, the community that can be successfully built by the casinos. This is why it is good for casinos to have an email list and forums like this for extra interaction and benefits. This propagates information so virally.
But contrary to your claim, I do not see the competition in this gaming token context among the casinos being a problem whatsoever.