Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
ethereumhunter
on 31/10/2022, 01:17:55 UTC
Indeed, after you do your research and you are convinced that the project will bring profit it's you who will decide for your investment, your comparison is valid and whether the investor is leaning with staking rewards or he's just waiting for the value to increase the sure thing is as long as he's doing his investment to earn profits that's good, otherwise, if he invest just because someone tells him that he should invest and the project got a good potential then the chance of losing is possible.
In doing research we must look at the subjects' fundamentals and should observe the market longer.  Because sometimes an error in research may happen if we do the market research during the pump or hype.  Continuous observation or longer observation is needed to be able to identify the actual market of the subject.
But sometimes, people can get so bored with doing market research that, in the end, they decide just to follow other people's advice. This can harm them in making decisions because this is not based on in-depth research but only on momentary decisions.

But if we can do some research before deciding, it will be useful because we will know which tokens have a chance to make it big in the future. But be careful in your decision because there is still no guarantee that the token's price will increase in the future. And only use the money you can afford to invest so that the loss will not be too big.

Just like the post above you said, better observation will allow you to avoid making mistake though if luck permits just like how those who tailed Elon Musk, look now with how Doge and Shiba is doing both are being hyped and we never know how long and how high it can be pump. A case to case consideration, in case you are just being guided by a friend or relative who is investing with these two coins they are gaining decent.

Same deal with casino tokens. If you know how to deal with your investment with the risk and benefits, you will be able to take care of your business in whatever direction you think you'll be getting decent profits out of your investment.
And it seems that the prices of Doge and Shiba are still able to stay at the current figure even though there is a decline for Shiba. But if people just followed Elon without seeing any progress on his project, it's unlikely they would be able to keep up with him. And that's what we have to do also in casino tokens or other tokens so that we don't make the wrong decisions in investing. After all, it's our money that we should put to good use and not make decisions based on what's going on in the market, but we do know if the project is good.

Indeed, after you do your research and you are convinced that the project will bring profit it's you who will decide for your investment, your comparison is valid and whether the investor is leaning with staking rewards or he's just waiting for the value to increase the sure thing is as long as he's doing his investment to earn profits that's good, otherwise, if he invest just because someone tells him that he should invest and the project got a good potential then the chance of losing is possible.
In doing research we must look at the subjects' fundamentals and should observe the market longer.  Because sometimes an error in research may happen if we do the market research during the pump or hype.  Continuous observation or longer observation is needed to be able to identify the actual market of the subject.
But sometimes, people can get so bored with doing market research that, in the end, they decide just to follow other people's advice. This can harm them in making decisions because this is not based on in-depth research but only on momentary decisions.

I believe no one gets bored when it involves money.  No matter how hard is the process, if we talk about money gain people will have patience about it unless that person doesn't need profit from his investments.  Those who doesn't do their research and is driven by other peoples suggestion are just newbies in the industry.  I agree that there is high possibility that listening to other hype without doing any research can harm our funds.
If it involves money, people probably won't get bored because there is another factor, greed, that wants to make big profits quickly. This can be a trap for those who don't research and only hope to see results. Hopefully, people who invest in any coin will not rush to choose the coin and will always do their research to choose the right coin later.