Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
Yatsan
on 08/11/2022, 08:33:35 UTC

Agree. All altcoins are worth holding only on a bull market to get a huge profit. Some of us however are hopeful to make an earning while staking those casino tokens. It somehow helps though since they are dividends token. It's best to just chose the tokens that are found in binance, not all casino tokens are on this exchange. BFG, OWL and TFS are not on it.

While I can agree with your statement, it also depends on what price you bought your coins. So even in a bullmarket, when your coin goes up 400%, you can still be in loss. I think, you also need to have an exit strategy and take profit from time to time.

i am with you here. better secure your initial investments rather than wait too long. at least, you are safe that you got your funds. then, if you wait, you are just waiting to earn profits. make sure to keep up with the progress related to token developments.
All altcoins, including those discussed in this topic, have one feature that a potential investor should understand well.
 I mean the fact that altcoins can really rise in price only if the devs of these altcoins make some significant improvements to the functionality of the tokens and publicly announce it.  But similarly, there may be token price failures due to failures and hacking of the blockchain.  So in any case it is a very risky investment.  In order not to lose capital and make good money, the investor must be very well aware of the plans of devs.  And sell the corresponding altcoins in time, for example, by buying usdt or bitcoin.
There are few gambling tokens wherein market prices gone up. Most of the time, the market value of gambling token is either stable or falling. Stable because its supply si continuously circulating because it id a token being used in a gambling platform, demand won't be that high because on the usual, the token supply is huge. To fall on the other hand has a tendency especially if the gambling platform itself did not manage to attract the attention of many gamblers. Much better if you would directly invest to the project itself thru 'shares' if you are really looking for profit from investing in gambling related projects such as with what I have tried doing. Here's the thread (not as updated as before, quite busy these days but I'll follow it up maybe next week or month):

https://bitcointalk.org/index.php?topic=5239794.msg54203954#msg54203954

Feel free to thow your opinions as well.