Post
Topic
Board Gambling
Re: 🎲BetFury.io|🎁Welcome Pack on BetFury| 💸300 Free Spins + 150% Deposit Bonus
by
coinerer
on 28/12/2022, 05:33:33 UTC
Not only BFG token but almost all tokens and coins have started to fall in bear market.  which is a normal cycle.  So now the BFG can't be the only one to blame.  Because all cryptos are very deep right now.  But since BFG is giving their staking offer.  So it will be a consolation prize . Since BFG Tokens are free by gambling even if not purchased.  Hence stalking rewards will serve as a good benefit for gamblers

I’m not blaming or single out the BFG token poor price performance. It just happened that this thread is for Betfury BFG tokens and the comment that I reply is about the APY of BFG so I focus my comment on the topic by not including other altcoins in the market like what you said. This is not a general altcoin discussion thread so let's focus on BFG.

Besides I didn't suggest to invest on lther tokens and only mention that it is better to not stake and don’t hold the token at current condition to avoid loss.

I would have to agree with the previous poster. Attempting to judge the price performance of the BFG token (or any crypto) during crypto winters is not a very smart way to Gauge the realistic future APY. You should instead be comparing how the price is doing on a more selective scale. For example, is the market cap corresponding to the drop in price the same way other similar tokens do?

If the only factor which is inducing a bear market of the token is the overall crypto bear market then that alone is not enough information to judge a token.

As I already explained above. My comment is not about judging the poor performance of BFG tokens but rather to emphasize that staking is not really gonna help much to recover losses from decreasing value of BFG tokens. The previous comment that I reply is about how he emphazis the staking is helpful but in reality it just make BFG holder to hold more and bear the price dip.

You can the previous discussion on this link https://bitcointalk.org/index.php?topic=5276159.msg61496419#msg61496419
Staking reward is basically a form of interest.  You have to deposit your money to get them.  Which is also done by the banks of every country.  But in this case they do not give much profit.  They give a limited profit at the annual  rate.  Which will never recover the price of a token.  But it may help him a little to recover some of his losses. So this small profit should not be underestimated