Hey folks, I'm still working on some write ups covering the extreme volatility and and other historic events that have taken place with the crypto markets and finance in general but I did want to do a quick post on something I've noticed regarding one of my passive sources of coins: Betfury

Now if you're not familiar, Betfury is one of the larger online casinos right now which features both faucets as well as their own internal tokens (BFG-BTC and BFG-TRX) that functions as a kind of loyalty club for players that they earn by playing and when staked grants them a share of the site's profits. The site has claimed they aim to make the two tokens available for trade on outside exchanges but currently there's no set timetable. I've taken advantage of their faucets as well as special events to build up a decent stash of BFG in both varieties without having to commit my own funds.

Recently, Betfury announced an integration with Binance Smart Chain and began offering BNB as part of their faucet for a limited time as well as making it a part of their profit sharing system. Now the integration makes a lot of sense on a number of levels as Binance becomes a bigger and bigger player in the exchange scene and would offer Betfury a perfect opening when they finally decide to offer their tokens on the open market. It would also potentially offer a chance to decrease transaction fees when covering withdrawals.

Something else I've seen play out over the past few months with Betfury is the shrinking percentage of their profit pool that is made up by Bitcoin.

This slow slide has been going on since the beginning of the year and accelerated when Betfury recently added ETH to their system. Now with BTC's rocketing in value you're going to be having less Satoshi spent for the same value of a bet, but even during the time BTC seemed to (relatively) stabilize and even it's recent drop the payouts have fallen. For it's part ETH has also seemed to have crested after it's event, with it's share of the pool starting to dip in recent days.

What does this have to do with investing with crypto? Well if you've been following me you'll remember I've previously talked about ETH becoming too impractical for everyday users due to its value and high gas fees, and BTC's volatility and rocketing demand have been pushing it into a similar direction. If we're seeing gaming sites start to de-emphasize the two biggest coins right now it could be the beginning of a demarcation between coins used by whales and wealthy users and everyone else.

I'm interested to hear what you think: Do you use other online gaming sites? Have you noticed a drop in the use of BTC/ETH or are they adding on different coins? Are you comfortable gambling your BTC/ETH or would you only use another crypto with a smaller market cap?

If you want to get in on Betfury's current event you can sign up here. I'll be upfront and say their current withdrawal minimum is .005BNB with a tx fee of .001BNB so this is probably going to be most worth it for those planning on building up a stack of Betfury's native tokens and earning a passive drip from their profit sharing. 

I look forward to hearing from you, and if you have a suggestion on something you'd like me to cover feel free to comment below!