Betwrong
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Merit: 2211
I stand with Ukraine.
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May 24, 2024, 11:01:35 AM |
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~ I think that investing in casino coins the way we invest in Bitcoin, Ethereum, BNB and so on, is risky. Of course it's risky! Investing in Bitcoin, Ethereum, BNB is risky too. That's why we should never invest more than we can afford to lose in anything, and casino coins aren't an exception. ~
~ Many of them are shareholders, and stock owners and have various properties and other businesses. So if they do not earn through cryptocurrency or casino tokens, they are earning massively elsewhere. This could only mean that their money is not wasting off in the bank, they are effectively utilizing it to make more money, that's why they call them big investors in the first place, they have nothing to lose as it is never a must to invest in crypto projects. Oh, c'mon! You sound like you know exactly how to make money in this universe. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Investing in some casino coins can be much more profitable than from all that you mentioned. It's just a big uncertainty. If it were so easy, no big investors would ever go bankrupt.
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BITCOIN TO THE MOON ☾ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿
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ultrloa
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May 24, 2024, 11:20:44 AM |
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~ I think that investing in casino coins the way we invest in Bitcoin, Ethereum, BNB and so on, is risky. Of course it's risky! Investing in Bitcoin, Ethereum, BNB is risky too. That's why we should never invest more than we can afford to lose in anything, and casino coins aren't an exception. Over fantasizing on top alts as giving more less risk is not actually true since as long as the market is volatile for sure there's still a huge chance for investor to lose their money especially if they play lame around on their investment and caught off guard on certain situation that they don't know how to handle. The positive thing we can point out with top alts is they are reliable coins to trade in the market but that doesn't mean that they are more profitable since a lot of altcoins can generate a huge profit to their investors. Usually we see a lot of alts pumps 1000x or even more and that gives a lot of profit to those people who believe on those projects and it could happen to casino coins to. But the only question there is we don't know which of this coin will pump as high as that and that's the risk of investing on it. So if people could able to risk something on what they think have potential to grow like this especially on casino coin then its fine as long as the amount they invest is the money that they can afford to lose.
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Fivestar4everMVP (OP)
Legendary
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Leading Crypto Sports Betting & Casino Platform
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May 24, 2024, 11:24:59 AM |
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Casino coins don't revolutionize the gambling or financial system. Casino coins are simply integrated on the website for holders, i.e. for premium users. When casino creates a casino coin, they want to get some additional funding from members that they later can use to grow casino, offer many promotions, vip features and so on. So, my personal opinion is that casino coins are a good investment choice for those who want to get fun and entertainment from their investment. What I mean in fun and entertainment? When you hold coin and get free spins, increased cashback, high APY, you really get fun from this process. I think that investing in casino coins the way we invest in Bitcoin, Ethereum, BNB and so on, is risky.
Most of the casino coins are given through the players gameplay, so I do not think there is a need to invest on them except if they wanted to buy it outside the platform. In addition casino coin also adds up to help casino revolutionized its award system. It may not be the complete factor for a dramatic changes but it helps. Imagines aside from the normal cashback and rakeback, holding casino coins makes a player enjoy an additional bonuses that the casino offers which is unreachable by non-casino token holders. More or less casino coins helps the casino to get the attention of people who wanted to have an extra bonuses in engaging gambling activities. When it comes to bull run season, I think casino coins just like any other cryptocurrency will be envelop with hype and possibly get higher price than its usual market price due to the speculations and hypes that these bull run can bring to the market. You have a point, because those tokens were created to support the casino and it is not meant to be invested and to give out as promotional bonuses, and other incentives. Though you can buy the token and use it to play game. Most of them does not increase in value and they are just like the fiat currency that stable in one place. You can only make a transaction when you want to withdraw. And the transaction is to another coins in another exchange. You have to convert it to another token that has been listed in any exchange then send it to the exchange and you sell it there. So I don't think there is any reason to invest in such token when the value is just stable. It's dilusional to think that casino tokens are stable, they appear stable due to lack of trading activities and volume, which may also be as a result of low or lack of liquidity. And on the other hand again, if the tokens were created to support the casino, why does the casinos open such tokens up and allow people to invest in them, when they themselves know that they won't be spending or doing anything to add value to the token so that those who invested in it can profit? If this be true, then this is what I usually consider as day light robbery and this casinos riding on the ignorance of their users to steal their money. I agree that those tokens are created to support the casino, but then in return when they casino have become balanced, they are suppose to invest to support those tokens growth as a way of giving back to those who supported them by investing in their token when it was valueless, but rather, the casino take money from those investing in their token and after the Casino have become big from investors money, they abandon the token, leaving holders of this tokens to their faith, this is totally unfair if you ask me.
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Hamphser
Sr. Member
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May 24, 2024, 12:59:38 PM Last edit: May 24, 2024, 01:30:42 PM by Hamphser |
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~ I think that investing in casino coins the way we invest in Bitcoin, Ethereum, BNB and so on, is risky. Of course it's risky! Investing in Bitcoin, Ethereum, BNB is risky too. That's why we should never invest more than we can afford to lose in anything, and casino coins aren't an exception. Over fantasizing on top alts as giving more less risk is not actually true since as long as the market is volatile for sure there's still a huge chance for investor to lose their money especially if they play lame around on their investment and caught off guard on certain situation that they don't know how to handle. The positive thing we can point out with top alts is they are reliable coins to trade in the market but that doesn't mean that they are more profitable since a lot of altcoins can generate a huge profit to their investors. Usually we see a lot of alts pumps 1000x or even more and that gives a lot of profit to those people who believe on those projects and it could happen to casino coins to. But the only question there is we don't know which of this coin will pump as high as that and that's the risk of investing on it. So if people could able to risk something on what they think have potential to grow like this especially on casino coin then its fine as long as the amount they invest is the money that they can afford to lose. Expect the unexpected as always as this has been the golden primary rule when it comes to investing on crypto world, doesnt matter on what coins/tokens/projects that you are tending to deal off with. If you do have trust or having that confidence with these casino tokens in upcoming bull run then you would really just that having that selection or having that preference on which one would really be that fits out with your investment selection. Just like the rest been saying that it would really be that depending on your risks appetite which whether you would really be that investing or skipping out. There are really just that those individuals who do love on supporting projects just because you do play on a certain platform. So it would really vary.
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dwyane36
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May 24, 2024, 01:57:40 PM |
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Over fantasizing on top alts as giving more less risk is not actually true since as long as the market is volatile for sure there's still a huge chance for investor to lose their money especially if they play lame around on their investment and caught off guard on certain situation that they don't know how to handle. The positive thing we can point out with top alts is they are reliable coins to trade in the market but that doesn't mean that they are more profitable since a lot of altcoins can generate a huge profit to their investors.
Usually we see a lot of alts pumps 1000x or even more and that gives a lot of profit to those people who believe on those projects and it could happen to casino coins to. But the only question there is we don't know which of this coin will pump as high as that and that's the risk of investing on it.
So if people could able to risk something on what they think have potential to grow like this especially on casino coin then its fine as long as the amount they invest is the money that they can afford to lose.
Casino tokens can certainly make a profit during the alt season, but x5-x10 is probably the limit for this kind of token, and for many people, it may not be so interesting because casino tokens aren't particularly attractive in terms of speculation. In other words, if a trader has a choice to invest in high-risk assets, he will probably choose some meme token over a casino token.
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milewilda
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May 29, 2024, 06:46:02 PM |
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Over fantasizing on top alts as giving more less risk is not actually true since as long as the market is volatile for sure there's still a huge chance for investor to lose their money especially if they play lame around on their investment and caught off guard on certain situation that they don't know how to handle. The positive thing we can point out with top alts is they are reliable coins to trade in the market but that doesn't mean that they are more profitable since a lot of altcoins can generate a huge profit to their investors.
Usually we see a lot of alts pumps 1000x or even more and that gives a lot of profit to those people who believe on those projects and it could happen to casino coins to. But the only question there is we don't know which of this coin will pump as high as that and that's the risk of investing on it.
So if people could able to risk something on what they think have potential to grow like this especially on casino coin then its fine as long as the amount they invest is the money that they can afford to lose.
Casino tokens can certainly make a profit during the alt season, but x5-x10 is probably the limit for this kind of token, and for many people, it may not be so interesting because casino tokens aren't particularly attractive in terms of speculation. In other words, if a trader has a choice to invest in high-risk assets, he will probably choose some meme token over a casino token. Even I, would really be choosing up meme coin rather than on a casino based token on which considering about on the hype and interest then these tokens arent really that getting that much attention. This is why getting 5x to 10x is really that a miracle because usually these tokens arent able to hit up those kind of heights. I might not having be able to check out their all time low or on how much they've been able to pump since on their launching but for those who do able to get early then they are the ones who do really make sure money with this. Just like on what been said above that if you are someone who do loves this certain site then you would really be showing up that kind of support on them on buying up their tokens but majority wont really be tending on doing so because there would really be that tons of viable options on which someone could really be able to deal with.
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Dunamisx
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May 29, 2024, 06:55:00 PM |
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As long as we are dealing with a digital currency, we should expect for more of these coins performance than if we are just holding on an ordinary fiat, for every user who uses crypto or casino coins, then they will also expect to see their coins moving towards the trends of the market and in most cases when the market is being volatile and more pumping, they will like to be profitable in that alone.
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AmoreJaz
Legendary
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Leading Crypto Sports Betting & Casino Platform
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May 29, 2024, 10:19:59 PM |
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As long as we are dealing with a digital currency, we should expect for more of these coins performance than if we are just holding on an ordinary fiat, for every user who uses crypto or casino coins, then they will also expect to see their coins moving towards the trends of the market and in most cases when the market is being volatile and more pumping, they will like to be profitable in that alone.
Don't get too confident that the performance of casino coins/tokens will follow the market trend, because they have their own developments. If the casino is not making progress, I don't think their token will make progress also in the market. The value of the casino token will depend on how the casino itself is marketing this currency. Without developments, it won't increase its value in the market. It means, the casino team should be doing some activities promoting the use of their tokens. Also, people will check if the casino itself is generating income or not.
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dwyane36
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May 30, 2024, 01:38:00 AM |
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Don't get too confident that the performance of casino coins/tokens will follow the market trend, because they have their own developments. If the casino is not making progress, I don't think their token will make progress also in the market. The value of the casino token will depend on how the casino itself is marketing this currency. Without developments, it won't increase its value in the market. It means, the casino team should be doing some activities promoting the use of their tokens. Also, people will check if the casino itself is generating income or not.
You're right that some tokens sometimes may not follow the general trend in the market. If we are talking about casino tokens, a good example of this is Betfury casino's BFG token. For the last few years, the price of this token has been trading in a very narrow range, and we can even say that the BFG price behaved like a stablecoin, i.e. ignored both bullish and bearish trends. Such behavior of the token price was, I think, due to the fact that the Betfury team didn't have clear development plans. However, as soon as they announced good plans, the BFG price has started to pump up.
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bitterguy28
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May 30, 2024, 03:58:47 AM |
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As long as we are dealing with a digital currency, we should expect for more of these coins performance than if we are just holding on an ordinary fiat, for every user who uses crypto or casino coins,
what is better ? those who holds casino coins or Fiat? because this seems to be the issue in this part though you did not mentioned about the trading purpose of those casino coins. then they will also expect to see their coins moving towards the trends of the market and in most cases when the market is being volatile and more pumping, they will like to be profitable in that alone.
but what if not? i mean if the casino coin did not meet investors expectation in bull market that seems to be coming very near?
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EarnOnVictor
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May 30, 2024, 07:48:50 AM |
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~
~ I think that investing in casino coins the way we invest in Bitcoin, Ethereum, BNB and so on, is risky. Of course it's risky! Investing in Bitcoin, Ethereum, BNB is risky too. That's why we should never invest more than we can afford to lose in anything, and casino coins aren't an exception. I don't like people sounding weak or preaching weakness to people, investment is risky generally and what I only realise in what you posted here is that you merely repeated what people are generally saying about risks and "investing the amount you can afford to lose," forgetting the fact that it is merely relative and depends on the situation on ground, the asset and the person in question. Besides, if any investor could fail in Bitcoin, Ethereum or BNB, then the investor should consider another professional or means of earning passive income because no asset can accommodate them safer, they will fail. Those three cryptocurrencies are the top-rated coins and have behaviour that can be well-predicted. One may buy them and keep them for years, and one may buy them and keep them for a little while. For the latter, upon the detection of a bearish pullback, liquidate them and buy back at a low price, and repeat the process over again. This approach is very simple with these three assets because they are high in liquidity. But I certainly do not know where the preaching of fear comes from, or do you believe the gaming coins are safer than them?
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Fivestar4everMVP (OP)
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May 30, 2024, 08:49:30 AM |
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As long as we are dealing with a digital currency, we should expect for more of these coins performance than if we are just holding on an ordinary fiat, for every user who uses crypto or casino coins, then they will also expect to see their coins moving towards the trends of the market and in most cases when the market is being volatile and more pumping, they will like to be profitable in that alone.
Well, I don't completely understand your input, but let me say that from or based on my own personal experience and observation for a few years now, I noticed that casino coins or tokens doesn't perform as much like other coins or tokens in other narratives in times when the general crypto market are in a high volatility, and this is one of the major reasons why i started this thread, to see what other users think, and are expecting from casino coins or tokens in the coming bullrun, knowing fully well that some of us here are holding coins or tokens owned by one online gambling casino or another, most especially, one of the three casinos I mentioned, or even all of them. And so far, I've come to realize that I am not the only one who thinks that investing in casino tokens carries with it more risk than other token from other narratives like I've mentioned before. In the nutshell though, its not bad to diversify our crypto investments into casino tokens, but then, I think wisdom demands that we do not expect much in terms of price performance from this tokens.
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SamReomo
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May 30, 2024, 09:35:50 AM |
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It's dilusional to think that casino tokens are stable, they appear stable due to lack of trading activities and volume, which may also be as a result of low or lack of liquidity.
Yes, it's delusional to even think something like that, the casino tokens are unstable coins and they are highly volatile when there's enough trading volume but I have observed the chart of Fun token and I believe that one isn't profitable at all for the investors and the risk is too high with that token. I have personally invested in that token a few years ago and lost money in it instead of making any profit from it. I know at current value it has potential of growing to some extent but still the risk of investing in that token is way higher than other narratives and that's why I don't recommend anyone to invest in that token.
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kotajikikox
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May 30, 2024, 11:27:54 AM |
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I know this is off topic but since this is about Casino coins , so what are your thoughts about FUNtoken now? looks like freebitco.in token is facing so much issue now .
Hope that those who invests in this project that still has their funds inside and things will be resolved in some time because they need to settle this for the betterment of their site and business.
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arwin100
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May 30, 2024, 12:04:52 PM |
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I know this is off topic but since this is about Casino coins , so what are your thoughts about FUNtoken now? looks like freebitco.in token is facing so much issue now .
Hope that those who invests in this project that still has their funds inside and things will be resolved in some time because they need to settle this for the betterment of their site and business.
Have doubts about these tokens now since those issues happening on freebitco.in is something that we need to take seriously. What crazy is this They are denying their relation with freebitco.in that now there's ongoing serious issue happening. So for sure this statement will make people doubt about FUN token since for sure a lot of people buy it since what they know is this token is been created by Freebitco.in but turns out they are throwing their relation since maybe there is their way to save their ass from huge issue facing by this casino. Hope to see some updates since there's a lot of things need to clarify by TheQuin or freebitco.in itself.
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leonair
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May 30, 2024, 08:30:01 PM |
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I know this is off topic but since this is about Casino coins , so what are your thoughts about FUNtoken now? looks like freebitco.in token is facing so much issue now .
Hope that those who invests in this project that still has their funds inside and things will be resolved in some time because they need to settle this for the betterment of their site and business.
Fun coin was the best coin out of the op's mentioned coins but its platform freebitco is causing a lot of problems especially its withdrawal problems are affecting the users more. Because of this, the signature campaign of this casino site has been put on hold after a long 219 weeks. It is very sad when something like this happens to a reputable casino site and our trust is lost on other sites as well. So I don't expect anything good from tokens on any casino platform at the moment.
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paxmao
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May 31, 2024, 01:09:53 PM |
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I know this is off topic but since this is about Casino coins , so what are your thoughts about FUNtoken now? looks like freebitco.in token is facing so much issue now .
Hope that those who invests in this project that still has their funds inside and things will be resolved in some time because they need to settle this for the betterment of their site and business.
Fun coin was the best coin out of the op's mentioned coins but its platform freebitco is causing a lot of problems especially its withdrawal problems are affecting the users more. Because of this, the signature campaign of this casino site has been put on hold after a long 219 weeks. It is very sad when something like this happens to a reputable casino site and our trust is lost on other sites as well. So I don't expect anything good from tokens on any casino platform at the moment. In the end is all about creating a good eco-system for the coin is it not? The bull run may not make as much difference as other aspects that are strictly related to site in question instead of the wider market. It is the same with most crypto assets, either they have strong financial support and a well dedicated team behind plus a community or they will end up in the 0x0000000000000 cemetery of tokens.
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Dunamisx
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May 31, 2024, 05:02:24 PM |
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As long as we are dealing with a digital currency, we should expect for more of these coins performance than if we are just holding on an ordinary fiat, for every user who uses crypto or casino coins, then they will also expect to see their coins moving towards the trends of the market and in most cases when the market is being volatile and more pumping, they will like to be profitable in that alone.
Don't get too confident that the performance of casino coins/tokens will follow the market trend, because they have their own developments. If the casino is not making progress, I don't think their token will make progress also in the market. The value of the casino token will depend on how the casino itself is marketing this currency. Without developments, it won't increase its value in the market. It means, the casino team should be doing some activities promoting the use of their tokens. Also, people will check if the casino itself is generating income or not. That's true, you're right, we may have to first consider the way the casino gambling platform is performing and how reputed it is, some of these coins were only being supported by their platform and the gamblers that uses those platforms to gamble also make use of them, its something we have to take time and research about the way we are going to use any of those platform coins considering the way of performance we expect from them.
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Hamphser
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May 31, 2024, 08:59:01 PM |
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As long as we are dealing with a digital currency, we should expect for more of these coins performance than if we are just holding on an ordinary fiat, for every user who uses crypto or casino coins, then they will also expect to see their coins moving towards the trends of the market and in most cases when the market is being volatile and more pumping, they will like to be profitable in that alone.
Don't get too confident that the performance of casino coins/tokens will follow the market trend, because they have their own developments. If the casino is not making progress, I don't think their token will make progress also in the market. The value of the casino token will depend on how the casino itself is marketing this currency. Without developments, it won't increase its value in the market. It means, the casino team should be doing some activities promoting the use of their tokens. Also, people will check if the casino itself is generating income or not. That's true, you're right, we may have to first consider the way the casino gambling platform is performing and how reputed it is, some of these coins were only being supported by their platform and the gamblers that uses those platforms to gamble also make use of them, its something we have to take time and research about the way we are going to use any of those platform coins considering the way of performance we expect from them. Those 3 things or platforms are known and reputable this is why making up choices would really be that determining about their ranking in terms of popularity and recognition on which it would really be hard to tell. Their token value doesnt always reflect out on how popular they would be on which this isnt a solid indicative sign about on how well their site it but it wont really be that a bad idea that you could be able to see up whether their token that have much support because the people who do usually invest with these tokens are the ones who had been playing out on the site. Well, not all might be the investors but majority of them are the ones who do get involved on such platform.
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avp2306
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May 31, 2024, 10:57:41 PM |
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As long as we are dealing with a digital currency, we should expect for more of these coins performance than if we are just holding on an ordinary fiat, for every user who uses crypto or casino coins, then they will also expect to see their coins moving towards the trends of the market and in most cases when the market is being volatile and more pumping, they will like to be profitable in that alone.
Don't get too confident that the performance of casino coins/tokens will follow the market trend, because they have their own developments. If the casino is not making progress, I don't think their token will make progress also in the market. The value of the casino token will depend on how the casino itself is marketing this currency. Without developments, it won't increase its value in the market. It means, the casino team should be doing some activities promoting the use of their tokens. Also, people will check if the casino itself is generating income or not. That's true, you're right, we may have to first consider the way the casino gambling platform is performing and how reputed it is, some of these coins were only being supported by their platform and the gamblers that uses those platforms to gamble also make use of them, its something we have to take time and research about the way we are going to use any of those platform coins considering the way of performance we expect from them. Those 3 things or platforms are known and reputable this is why making up choices would really be that determining about their ranking in terms of popularity and recognition on which it would really be hard to tell. Their token value doesnt always reflect out on how popular they would be on which this isnt a solid indicative sign about on how well their site it but it wont really be that a bad idea that you could be able to see up whether their token that have much support because the people who do usually invest with these tokens are the ones who had been playing out on the site. Well, not all might be the investors but majority of them are the ones who do get involved on such platform. But so far among these 3 tokens I guess we can see that FUN token got much volume compare to the owned token of casinos in this list. So provably that there's a lot of people trust this token more that those two mentioned above. But right as of the moment investors of FUN token has just been bothered on issues happening on their casino. But what I really think about right now the same with other people thought about it that this casino token is not really good for long term holding. Yeah they are good to use maybe on their platform but if you are just a sole investor then I guess this might not be the best option for you. Although both 3 platforms is reputable casino but it doesn't guarantee anything especially if they can't support well their token to get a good upgrades or maybe at least pump up.
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