Quote from: Fivestar4everMVP on December 28, 2022, 05:53:25 PM

Quote from: virasog on December 28, 2022, 04:20:16 PM

Quote from: Plaguedeath on December 28, 2022, 02:55:20 PM

Quote from: coinerer on December 28, 2022, 11:49:57 AM

If one plans to earn money through staking rewards then this will not work for him but if one wants to invest in a token for a long time as it is potential . So if he does not hold freely those tokens and keeps them in staking, he will get some additional tokens from there which will give some support to his investment. This is the potential benefit of staking

Before saying this token is worth it to hold for long time, you need to check the price history first [1] as you can see after one year, did this token price is increase in the long run? nope. It keep decrease similar like fiat where inflation always happen in every year.

To be honest it looks like Betfury is slowly become inactive and doesn't have many improvement, unlike the beginning where they're active and many people are supporting this project.

[1] https://www.coingecko.com/en/coins/bfg-token

I do not think this is the right way to judge a token. In the last year, name me any token or coin that is able to sustain its price during this year's bear market.

All the coins have lost 80-90% of their value and the same is the case with BFG. I am sure that BFG token has a good use case and once this bear market is over we will see some good momentum in its price.

Also, BFG is not yet available in binance and other big exchanges. Once it is listed there, we can see another price momentum in its price.

The best time to invest is when price is cheap, and that is now, but it surprises me that it is the other way round for most people, they would rather invest, that is fomo in when they see the price going up rather than buy when its super dead cheap.
Any investor finding BFG to be really good and believe the price will increase significantly in the future, now is the time to buy, don't wait until binance and some other major exchanges listing...
Get greedy when others are fearful and be fearful when the majority are greedy.

Also, not all coins which are at all time low at the moment will recover in the next bull market. Some coins may never reach their all time high again. This happened in 2017 bull market where coins like EoS which had a lot of hype failed to play any part in 2021 bull market. Same will happen with many coins in the next bull season.

So, we need to be careful in selecting the coins in this bear market and find their use cases that may remain relevant in the next bull season. Since BFG is the token of the site BetFury, this means that as long as BetFury continues to exist, there is every chance that this token will reach its all time high price in next bull market.