Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
Peanutswar
on 06/10/2022, 02:49:45 UTC
You can imagine this. You get A few dollars worth of dividends but you are loosing hundreds dollars from your capital that being used to invest in gambling token and then without capital gain any token will always become a horrible choice.
Token being create as a way for people to invest in the gambling platforms too.
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.
Yeah but im sure dividend was not the main aim for people buying the gambling tokens. They need huge capital to get good amounts of dividend. The volatility is also affecting the capital and that's why owned of token will prefer to see the price to go up rather than going down drastically. The price of token is very important to the buyers. I think capital gain was the most important thing

investment in casino token is only favourable if you have other things in mind aside from the potential dividends that you will get. some casinos are offering other rewards or bonuses if you will use their tokens. but relying on dividends for potential profit, i believe, is not really worth it. as time goes by, most of these tokens decline its value. so even if you are earning more dividends, still the total amount you will get is low because of the decreasing value. unless, the casino is continuously growing and their token's price is also increasing its price in the market. but if you are just after for the dividends, you may end up regretting investing on this casino token.

It depends how does the investor will use those coins because some of the coins like these have different utitiilies that's the reason why people keep holding the coins but of course it is all depends on the perks some people still goes to the market volatility and choose other coins to get a good profit, and most likely it is have a return higher than the annual percentage profit so people more likely decided to choose it than having the coins less volatile.