Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
makishart
on 14/10/2022, 03:54:19 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

I wouldn't say gambling sites token are not profitable. There are only a couple of gambling sites that have tokens that can be exchanged but in this bear market it is normal that their prices drop (everything is dropping). There is always a risk involved also, but I would invest a small % of my portfolio in gambling tokens.
I would like to say if gambling token is quite profitable but once it comes to the bearish trend and there's no thing that becomes profitable in the crypto except shorting the market. The drop was a common thing during the bearish market but the problem is how difficult to get the volume. Let's say that if the platforms have bunch of users but that's not even affecting the daily volume trade from the token. The tokens hodlers are sometimes feeling so difficult to liquid their assets to the market due to the liquidity problem. Investing small amounts of money is not giving you a huge risk caused by you lose a few percents from your money.