Quote from: Hispo on September 01, 2022, 09:57:13 PM

Quote from: Fredomago on August 31, 2022, 04:25:40 PM

Quote from: danadc on August 31, 2022, 02:09:34 PM

-snip-

You need to undergo with deeper research in order for you to understand how things work and how will you take advantages with staking features of these assets. The deeper you understand, the more passive ways you can earn from those projects. It's not easy to see your investment going down but if you know that there's a good returned once the market turn to bull, instead of selling it's best to add more if you have some spare money to buy for additional coins.

More on taking your investment to a long-term goal and continue to enjoy passive earnings from your stake coins.

I would personally only consider this kind of assest as a long term investment only if I had a very high trust on these casinos and their capacity to grow in a such competitive market, due to the centralization implicit on them.
The price of these tokens are tied to the success of the platform itself acting like some sort of share.

I think that for long term investment it would be better to go with a decentralized asset, like Bitcoin. I am not saying that these casino tokens cant lead to very good profits, centralized coins (like Binance's BNB) have provided a lot of money to their investors in a relatively short period of time, but these tokens are not for everyone.

The tokens and you'll excuse me for what I'm going to say, but this is like marriage, it's like a lottery, it's clear if you're lucky or not, honestly everything can be seen very beautifully, but when you're inside and you see all the things you're living and the ones you have to live is when a person knows well what he got into, and the ugliest things can be lived, and for that you have to have a lot of patience and understanding.

The understanding is that if the token falls per share of the Bitcoin market, it falls in price, it is something natural and that must be understood and patience is because in these cases time is the best ally for any investor.

Quote from: Hispo on September 04, 2022, 10:58:12 PM

Today I was looking to some casino tokens, I decided to see the price and volume of OwlDao (Owl) and i was surprised when I realized that the volume is only around 260$ in 24h.

I would have expected volume of 1000$ minimun, even though the token is only tradeable in DEFI for now.
Any thoughts on this?
Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...

It is interesting, I see that many things can be concluded here, first it is necessary that they already need to look for investors, maybe I have to do an advertising campaign for all the social networks that is very radical and they can do something to raise that number , really 260USD is nothing, they need to have more volume, if they do not have a community it will be difficult for this token to reach good values, I think they have a good opportunity to do so, even Bitcoin is at a price where many things can be done, so that at the moment that bitcoin has its bullish trend the OWL token can rise with the movement.

In addition, it would not be bad if they made a trading contest with the token, all these things are necessary for people to be interested in the token, that they offer characteristics so that an investor can shelter their money there.