Ninjastic
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Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
suzanne5223
on 20/09/2022, 17:08:19 UTC
Quote from: lienfaye on September 19, 2022, 01:50:34 AM
Quote from: babygun on September 18, 2022, 08:40:36 PM
Quote from: suzanne5223 on September 18, 2022, 05:32:03 PM
Quote from: RILWAN on September 18, 2022, 04:42:55 AM
In the present condition of the altcoin market, it is not advisable to invest much in any altcoin at the moment even casino-based tokens like an owl, have been underperforming lately and could lead to possible loss of money if the market continues this way. Most of them have a very low trading volume at the moment.
Despite the market condition, investing in altcoin is not but investors need to invest 70% in Bitcoin while the 30% goes to the altcoin market and what I believe is important if you must invest in altcoin is making sure the coin was built on longevity, strong fundamentals, genuine utility, huge use case, and community support.
Any altcoin that has all these attributes will serve this bear market but I never support the idea of casino token investment because there's no reason for the token creation in the first place.

Everybody has his own strategy. I agree that every portfolio needs to have bitcoin in its wallet but my share is about 50%. Other than that, I have a dozens of altcoins varying from ETH, BNB to shitcoins as SHIB and a small part of casino tokens.
Thats true. It's up to us where to invest that we think might be profitable to hold in the future. It's advisable to invest in established coins like Bitcoin, ETH, BNB etc. but if we think investing in casino tokens are also worth to try then why not? We're still in bearish season and majority of coins are declining, hence it's not surprising if casino coins are not performing well during this time. As long as you believe in the coins you hold and can wait longer then it's your choice.
You guys have a point and that's why people are always advised to do their research before making any investment.
As @lienfaye said, investment in well-established coins is the best and I don't think going coins like Shib which are always manipulated by the big player is a wise choice.
The something goes to casino native token, @lienfaye said he won't be surprised if the casino token performs well during this dip. How will it perform? What's its use case and utility?
This is the question people ought to ask themselves before going for any coin base on some certain hype.