Quote from: ultrloa on Today at 10:52:27 AM

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Quote from: Hispo on February 06, 2023, 01:25:51 AM

Well said and I completely agree on your point of view.
It does not matter what the altcoin is or who is promoting it, one needs to go through one's own personal research before investing.
Also, since this is the official Stake thread, it would be better to keep the conversation of casino tokens on other thread, if I recall correctly there has been discussions purely dedicated to them before here in this section.

Cheers, I hope you all have a good beginning to this week!

It is better to put your money where your mouth is, altcoins most especially Casino based tokens have really performed below expectation in the past few months back, and up till now there is no recovery sign for most of them after the last market crash.
*I do advise people to avoid investing in them but rather they can use those tokens to place bets on the casino and earn extra rewards on them from time to time, aside from that, those tokens are suitable for long-term holding, because of their highly volatility.

Stake doesn't have any, and that is all I care right now here. I think if Stake ever created something like a token, that would get a ton of attention but it would also be not so wise for them. Sure they could make millions of dollars right away, but if it is to share the profits, why? Why would they want to share their profits when they are very well doing it.

This is why they don't have any, and that means whatever other token we are talking about doesn't belong here. There is definitely a potential out there, Stake could definitely consider it, they probably did consider it so far, and it must have turned out to be not a bright idea when they can already make millions without one.

Their reputation earned for more years will be their piece to earned support and success if they create their very own token. But do they really need it? I don't think so since they are very popular already and they can spend a lot of money

The casino which create a token didn't look good at the moment since the price of it dumps and some people got pissed about those condition. And since This casino is well established already I don't think it's really necessary for them to create those since this maybe could just add some hassle to their team especially when many people ask for a pump or even find some good exchange for their token to be listed. So overall Stake is already in its best shape even if they don't have tokens exist on the market.

Yes and that is simply because the token mechanism is different from the casino and the two can not interrelate easily, most casino teams that have their token are all on the dump side with their tokens becoming almost worthless, the best thing to do as a team is to concentrate the casino development and if there are looking for reward tokens for the casino it can be developed easily without wasting much of casino revenue on token development such as we have lately.
-The cryptocurrency winter has hit a lot of them hard and if care is not taken it may become more impossible to recover their value.
-I have seen some of those casino-based tokens doing well before but in the last few months I in the last quarter of the year 2022 October -November their price crashed with the ftx luna and the rest of the entire cryptocurrency market.