Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
Hispo
on 13/10/2022, 19:10:17 UTC
OWL prices have continued to fall to this day since the thread was created by the OP, no crypto or any token has survived the ferocious bear market, tokens from gambling sites are not profitable in my opinion, because there are some gambling sites that eventually abandon their tokens and become worthless

In a bear market where it is becoming difficult for solid top coins to survive, it is conceivable that such tokens will continue to be dumped. Gambling tokens have yet to make the impact in the market that big investors would be interested in investing in. These tokens cannot make any impact until they are listed on the big exchanges. And on the other hand, the big exchanges will not be too keen to list these tokens as gambling is involved.

While big centralized exchanges will likely not give support to these tokens, still I believe that liquidity could be found within smaller exchanges and on Defi services.
The key for these tokens to survive the bear market is their respective casinos not to give up on them and continue to support them through the low prices, there will be people gambling during both bear and bull markets, so it is within the objectives of those casinos to give enough reasons to their gamblers to buy tokens.

Also, Exchanges like Binance have given support and listed tokens of dubious reputation in the past, if a famous/big enough casino decided to do business with Binance, they could manage to get their token listed.