Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
makishart
on 15/10/2022, 05:34:29 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.

I think to be very honest, if you are looking for profitability here or in any other token, there will not be, unless Bitcoin becomes bullish, which is what everyone wants, but it is not known when it will happen, and the truth will happen, there is no doubt about that, for now it is best to see these toeknms as an investment, but Investment in the full version of his word, which means that he has to wait as long as necessary to take profits, and if the token goes down and you have the opportunity to continue buying cheaper, then you have to do it, this in the event that you decide to invest in a token, and I think that could be the thought of an investor, of course it should always be done monitoring is law.

It's not the best thing to see these tokens as investments. There was also a chance for the price of token go to even cheaper and it will not go up again. I just doubt if the price of gambling token can go up even higher caused by even during the bullish trend the price is quite stagnant. I just don't wanna waste more money to buy a token that will be so hard to go up. It seems like that gambling tokens needs more than a working platform to push the price to go up.