Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
mak013
on 24/08/2022, 11:45:57 UTC
i never thought about investing in gambling tokens all this time. because investing in gambling tokens for the long term has a very high risk compared to other coins that already have a good track record for the long term. and there are some tokens from gambling as well that used to exist and are now gone from the market and have no price anymore.
many also think that investing in gambling tokens can make you rich in the future assuming that as long as the gambling project is still standing, the tokens will pump in bearish times in the coming year. but such an assumption to me is not true
Investing in cryptocurrencies, even in ETH or BTC, carries a high risk, and investing in some tokens is much more risky. Gambling tokens for investment look just like any other token with an idea - you can make huge profits, but only with the right token at the right time. And I can't say that we are talking about investments - in the long run, the price basically swings and drops and no one knows what result can be obtained in 1/2/5 years, it depends on the market as well as on the project.