Quote from: avp2306 on April 17, 2024, 09:30:44 AM

Quote from: Wind_FURY on April 17, 2024, 08:58:42 AM

Quote from: o48o on April 15, 2024, 11:51:33 AM

Quote from: Wind_FURY on April 15, 2024, 09:37:57 AM

Quote from: o48o on April 10, 2024, 12:13:04 PM

Can you explain how do you see that potentially killing the market. Shuffle is literally buying and burning them from the market, so lower the price is, more they are going to burn, and no matter how the big the wall in the bottom would be, eventually there's just nothing left to sell with those prices.

Although that's true, I believe how much tokens are actually burned also depends on the casino's net gaming revenue. Plus you also have to account for market speculation. No one would care about the mechanism behind any token or buy the token if the DIP keeps on DIPPing.

That will not be good for SHFL.

I am assuming there's gaming revenue of course. Without it burnings aren't going to be effective. But if there is enough revenue, then market speculation can only be unhealthy, if it's artificially inflating the price, market speculation as sellers dumping will just be very healthy in the long run. But without bullish market speculation, or increase in current revenue, i have to admit that price could drop from here. As currently more tokens are being issued then burned. But i would totally welcome that as i will be grabbing this token as much as i can if this ever goes to $0.1.

I believe sellers won't be dumping if casino gaming revenues are high because,

- Higher burn rate. More tokens burned means more scarcity. More scarcity + Higher burn rate mean you should HODL.

- The cryptocurrency market is full of traders/speculators. More "traders/speculators" because casino gaming revenues are high = You should HODL.

I believe the only condition that will make SHFL's market valuation absolutely bearish is, low revenue + bear market. But that's probably a golden opportunity to buy. ¯\_(ツ)_/¯

Depends on the volume since for example https://coinmarketcap.com/currencies/betfury/ if they have 3.5 billions plus circulating and they burn few millions of token on some time then it will take a long time for people to feel that scarcity and even if there's burning of tokens happening many people didn't feel any effect of this actions done. That's why this actions is not appealing to investors anymore and they should find another solution to increase the interest of investor to accumulate their token. People want nowadays change and mostly people always seek for utility and better exchange where it listed that's why BFG and other casino coin didn't get much attention from a lot of investors.

Hopefully SHFL will be still in good situation. But also I think devs know how to make a move to catch the interest of people since for sure they already scout the other casino tokens and provably perform more better than those which came first.

What's that casinos actual monthly revenue? If you could answer that, you could answer how much is being bought and being burned. Because if the token has low market volume, then there's low demand, OK. BUT it's absolutely also undervalued if the token burn is high because casino's revenue is high. THAT'S a Golden Opportunity to buy at very discounted prices ser.