Ninjastic
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Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
Fredomago
on 15/10/2022, 04:36:02 UTC
Quote from: bittraffic on October 14, 2022, 04:45:24 PM
Quote from: smartaction on October 14, 2022, 04:30:10 PM
Quote from: piebeyb on October 13, 2022, 02:56:24 PM
Quote from: Get-Paid.com on July 13, 2022, 09:17:03 AM
And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

 Huh
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 somewhat agree with you that gambling site tokens are not very profitable because they are not traded as much as others.  These are mostly used to get a staking reward or to play casino games . Because of this, gambling site tokens are not very popular with potential traders.  So their prices do not go up and down too much

It's true. I'm a casino token investor myself and the token had been distributed since 2019 but the price still didn't even touch $0.5 I rarely see the volume go more than $50. I don't see any demand despite the marketing done for it.

The benefit though is good, claiming revenue every day and betting the tokens sometimes makes me lucky. REceiving revenue from the casino is like stacking sats everyday.



If luck permits then it's a good way of collecting profits, but if not the only thing that matter is on how you understand the concept of those assets, if you think that you are not generating acceptable profits it's better to move forward and look other alternative options, there are many coins that you can use for your investment and same with casino tokens you can expect movements when there are volumes that traders are willing to work on. But if there's none, the value will continue to stay low.

Take time and analyze any possibilities. If you are good at waiting game, then it's till possible for you continue holding.