Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
ShowOff
on 05/10/2022, 21:19:22 UTC
If for the purpose of getting dividends then you have to consider the risk of holding gambling tokens because they are not stable tokens and gambling tokens are very low in volume so they can crash at any time, so hunting for profits from dividends is not effective compared to the impact of losses and is better for short term trading despite getting low profits.
You will at least get more tokens with dividends instead of risking them to gamble. But if you are not a gambler but choose this way to make a profit, then of course you should consider price volatility in the long term. I don't know what the trading volume of these tokens is, but of course for a certain period of time they also have the opportunity to make a profit.

I haven't thought about going through with it and choosing one, but someone else may have considered it. After all, investing is an option and you shouldn't feel compelled to do it especially if it's not very convincing.