It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.
Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:
Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?
And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!
Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:
- BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.
- OWL for OwlGames - they offer 43% per annum on their OWL token, their currency has actually went up in value whilst all other cryptos went down - and why? Anyone knows?
- TFS for FairSpin - not very popular but represents FairSpin, didn't go down in value much either.
Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?
And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!
These are nothing like buying "William Hill" or "Ladbrokes" stocks. When you buy stocks you are buying part of the ownership of that company which is much more valuable and secured. All you're buying with these are virtual tokens that the company launched and they don't come with anywhere near the same legal protections. These are the equivalent of funding a casinos operation, so you will take all of the risk with them taking most of the profits. If you were serious about investing in a casino like this, you should stick with thorough research and buy into the stock of much bigger gambling companies - who have weathered all the storms, because right now with these casino tokens, you will be bobbing around in a dinghy in the Atlantic waiting to sink.