Are NFT games also another way to gamble your money? - page 10.

harizen

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Quote from: bbc.reporter on August 14, 2021, 02:42:11 AM

@harizen. However, the investment is not 100% certain to be profitable for you. Everyone might call something an investment but you are also taking some risk and therefore it is a gamble. Similar to opening a new business. You take the risk and loan some money from a bank against your collateral to start the business. This is a gamble and not very different from leveraged trading.

It's too obvious that any investment is risky. It's a no-brainer if someone will think that there's no risk in investment. Because of that, why increase the risks of investment by considering it as gambling? You invest because you are expecting something good that's why on the way you will do everything not to make this investment as pure gambling.

Let's take the example you have given. You open up a new business. Why choose an investment that you think it's not profitable? Gambling is not the appropriate word for that because you will manage your investment in the process. If all things are gambling, why should we put effort and time to make our investment profitable?

The same in NFT games. Why choose NFT games that don't have criteria to give you a good return in the future.

bbc.reporter

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@harizen. However, the investment is not 100% certain to be profitable for you. Everyone might call something an investment but you are also taking some risk and therefore it is a gamble. Similar to opening a new business. You take the risk and loan some money from a bank against your collateral to start the business. This is a gamble and not very different from leveraged trading.

harizen

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Quote from: coin-investor on August 13, 2021, 08:40:51 PM

If you are investing or buying stuff for future gains, then it's gambling

Am I reading this right? In the first place, why do you invest in something if, in the end, you will consider it gambling? You invested because you are expecting gains later on. If you will consider it gambling, then the point of whole investment is useless.

Quote from: coin-investor on August 13, 2021, 08:40:51 PM

but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all

That's more of gambling honestly since you don't care about the gains. You will just wait on any results out from gambling your money.

BlackFor3st

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Yes if there's a risk and you don't know if you're going to earn profit then yes you can consider it as another way to gamble your money. Actually a lot of things can be consider as gambling even bounty hunting since you don't actually know if you're going to earn money after the campaign.

pinggoki

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My defipet and cryptoblades are receiving quite the notice lately. Ranging from good reviews from people who are quite faithful these games will deliver what they promised and would boom in the market, from skeptics who are quite doubtful given that these games have fell short in areas where it matters most, my defipet with the reciprocity and its play to earn feature and cryptoblades' high volatility rate that leaves its players confused and splitting hairs, especially those who bought their accounts at high. For me its all a matter of perspective because if you think about it, investment is a form of gambling in itself as well, only that the collaborative efforts of all its players could affect the win percentage of each player.

Quote from: coin-investor on August 13, 2021, 08:40:51 PM

If you are investing or buying stuff for future gains, then it's gambling but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all, it's what's on your plan and reasons on buying and investing on these NFT games, but it's always buy or invest with spare money so you'll not get disappointed in the long run.

It's imperative to always only invest with money you can afford to lose, otherwise you'll be causing more and more problems in the long run. You are also coreect about the fact that there should be an element of enjoyment for whenever you invest in an NFT game because before anything else, it's a game that is meant to be played and it would defeat its purpose if you are to not at least enjoy interacting with it.

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Quote from: coin-investor on August 13, 2021, 08:40:51 PM

If you are investing or buying stuff for future gains, then it's gambling but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all, it's what's on your plan and reasons on buying and investing on these NFT games, but it's always buy or invest with spare money so you'll not get disappointed in the long run.

I don't understand why investment is called gambling because as far as I know investment is still an investment, it can't be related to gambling because from an investment system perspective, buying one of the goods and products from one company or development means roughly we have access to ownership in the product or service. this item and this is not a bet when we store our assets there it means it doesn't necessarily become a bet because it's the same as investing in order to get income both in each month and within the specified time

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Quote from: coin-investor on August 13, 2021, 08:40:51 PM

If you are investing or buying stuff for future gains, then it's gambling but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all, it's what's on your plan and reasons on buying and investing on these NFT games, but it's always buy or invest with spare money so you'll not get disappointed in the long run.

Investing and gambling both involves risk on losing some money but they are a totally different. Gambling means betting your money for short term period without holding anything in exchange while investing(NFT games) has product that you are using and holding to gain profit in long-term. Even buying a shitcoins can be consider as investing because get utility tokens in exchange for your money. Investment gains will depends on company performance while gambling is just base on luck no string attach.

dothebeats

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You can say it like that, as you are betting on the success of these NFT games in the first place. To be fair though, there are some NFT games wherein this is not the case, and that you can really enjoy the game while also earning on the side. Axie infinity is a good example of this. Those listed in the OP would still require quite a long road ahead of them before it gains enough traction and be something that is generating profit for the user who placed their money on it.

NFT games are the new fad, and a lot of scams would surely arise with it. It's just a matter of knowing which to place your money on and which games to ignore.

coin-investor

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If you are investing or buying stuff for future gains, then it's gambling but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all, it's what's on your plan and reasons on buying and investing on these NFT games, but it's always buy or invest with spare money so you'll not get disappointed in the long run.

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Quote from: Dread Pirate Roberts on August 13, 2021, 06:58:39 PM

Most NFT games are based on an investment system. like you can resell the items you get in the game or also sell your NFT assets to other people. and actually you don't lose assets because you will continue to be able to earn more. needed large capital sometimes is become barrier for people who just want to try nft games. what else in NFT is currently popular.

In some of the P2E games the main idea is to resale things at a later time and make it rare so that people will be trading them and hopefully we will see the market evolve according to the changes and we might see games like Minecraft making its debut for NFT lovers.

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Quote from: goinmerry on August 13, 2021, 07:37:46 PM

Quote from: Johnyz on August 13, 2021, 07:33:51 PM

though I’ve heard some games ask for money first,

It's an investment, of course, there should be money first in most cases before you can start.

If all are free, then it's not good. There should be investment or capital needed in order to have a healthy flow of money circulating in the game. Some NFT games are totally free to play but don't expect good results if you will play on that mode forever.

When we get into the game with an investment it adds more value than playing on the free mode. These days we've got more number of NFT getting into the market, and it is mentioned that majority of the NFT based on gambling will turn to be highly profiting.

goinmerry

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Quote from: Johnyz on August 13, 2021, 07:33:51 PM

though I’ve heard some games ask for money first,

It's an investment, of course, there should be money first in most cases before you can start.

If all are free, then it's not good. There should be investment or capital needed in order to have a healthy flow of money circulating in the game. Some NFT games are totally free to play but don't expect good results if you will play on that mode forever.

Johnyz

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Quote from: Dread Pirate Roberts on August 13, 2021, 06:58:39 PM

Quote from: ene1980 on August 13, 2021, 05:50:55 PM

When NFT games started coming out it was really interesting but now i am not playing because the amount of money you need to shell out for a game is not worth it. I know many burned their money as well when the market had a huge correction and majority of the coins suffered a lot and the investors are not happy with the ways things are going. I would rather gamble in a casino rather than NFT games because of the initial capital.

Most NFT games are based on an investment system. like you can resell the items you get in the game or also sell your NFT assets to other people. and actually you don't lose assets because you will continue to be able to earn more. needed large capital sometimes is become barrier for people who just want to try nft games. what else in NFT is currently popular.

Yes, NFT games are more about investments and you can earn by selling and playing the game so I don’t think it can be considered as gambling though I’ve heard some games ask for money first, I’m not sure though and if you can share that game that could be a great help. So far, Axie is the best NFT games and many investors are still coming to this platform, this is very popular in my place.

Dread Pirate Roberts

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Quote from: ene1980 on August 13, 2021, 05:50:55 PM

When NFT games started coming out it was really interesting but now i am not playing because the amount of money you need to shell out for a game is not worth it. I know many burned their money as well when the market had a huge correction and majority of the coins suffered a lot and the investors are not happy with the ways things are going. I would rather gamble in a casino rather than NFT games because of the initial capital.

Most NFT games are based on an investment system. like you can resell the items you get in the game or also sell your NFT assets to other people. and actually you don't lose assets because you will continue to be able to earn more. needed large capital sometimes is become barrier for people who just want to try nft games. what else in NFT is currently popular.

boyptc

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Quote from: ene1980 on August 13, 2021, 05:50:55 PM

When NFT games started coming out it was really interesting but now i am not playing because the amount of money you need to shell out for a game is not worth it. I know many burned their money as well when the market had a huge correction and majority of the coins suffered a lot and the investors are not happy with the ways things are going. I would rather gamble in a casino rather than NFT games because of the initial capital.

All of us have difference choice.

We cannot stop those people that are liking to play and buy those NFT games because they've been making money so the tendency is that, they are fine to invest more money.

And for people like you and the others, it's better to gamble and there's no problem having that choice.

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Yes. Collecting NFT art can be done either through simple purchases, or through blockchain-based games. New NFT games often employ the same gaming systems as casino games. Basically, it's the same thing as winning at slots, poker, or blackjack in a crypto casino, except here you may actually be able to keep your NFT winning card. The risks associated with both are also similar.
Some of the risks involved in NFT Gambling are listed in this article.

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Quote from: ene1980 on August 13, 2021, 05:50:55 PM

When NFT games started coming out it was really interesting but now i am not playing because the amount of money you need to shell out for a game is not worth it. I know many burned their money as well when the market had a huge correction and majority of the coins suffered a lot and the investors are not happy with the ways things are going. I would rather gamble in a casino rather than NFT games because of the initial capital.

One of the things i do observe too when NFT games becomes the new trend now then there are lots of similar projects pop up and the investment you would be needing
is really too high.Yes, you might able to reach out ROI in no time but it isnt really that something that is worth to risk on but there are people whom do really love
to play or do gamble with these new games even they are aware on what would happen.

ene1980

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When NFT games started coming out it was really interesting but now i am not playing because the amount of money you need to shell out for a game is not worth it. I know many burned their money as well when the market had a huge correction and majority of the coins suffered a lot and the investors are not happy with the ways things are going. I would rather gamble in a casino rather than NFT games because of the initial capital.

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Quote from: Kyraishi on August 12, 2021, 04:22:29 AM

Quote from: madnessteat on August 11, 2021, 10:04:52 AM

Most crypto games are built in such a way that early players recoup their investment at the expense of those who join the game after them. That's why I wouldn't recommend investing your money if the game has already been running for a few months.

You're absolutely correct about this.

Most NFTs essentially a pyramid scheme that mimics the crash game. People are speculating on how far it will go up and how much the next persons are willing to pay for the same token that has no intrinsic value or hashpower to back it up.

Nothing wrong with this as long as people realise it is gambling - it is not an investment.

Only some of them use NFT as a tool for implementing the pyramid system, because in fact, nowadays NFT has become very popular and almost all of them are full on social media with offers and new types of NFT. As long as they have a limited amount of supply and come from a network that ensures that NFT will continue to be a place to increase new income.

Mahanton

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Quote from: Fredomago on August 13, 2021, 04:37:47 PM

Quote from: LUCKMCFLY on August 13, 2021, 11:44:36 AM

NFT games are now the trend, actually what was discovered thanks to Axie Infinity is that the best combination is in "Learn to earn" and "Play to Win", so there are many Crypto NFT projects.

I have seen that there are also games like Crypto Blade and another of Plants that are generating a lot of noise, which means that the business model for which the money is focusing is there ... I have also been seeing that many NFT projects are coming out, and they are also doing beta tests to check the best network, if they play games on the Mumbai network, among others it would be interesting as is the adoption of these games. I think that now the trend will not be to say: Invest and win, but Learn, play and win, where they can launch FREE and Premium versions of the game for those who have the money to invest and enjoy superior benefits.

And simply to say that it's also now being gaining more attention coming from those people who will gamble or risk their money just to get the opportunities to play first or invest first.

NFT is one of the most popular now I also thanking axie for bringing this idea, play to earn attracts huge attentions making more people to quest inside crypto market.

With more success of NFT, it will help to bring more attention and interest to this market.

It is indeed getting some interest and becoming even more popular as the days goes by if we do try to look at on those new games that do launch into the market which is mostly focusing on NFT's
but i wont be surprised that this current trend or hype would be make used of those scammers and recently a site becomes a scam which is Bladeknight which is similarly on the game
Cryptoblades which is popular and those new tends to make use of those interest and hype to lure in investors on the game which is a usual thing that do happen.
So we should still be that aware on how thing works and on what to avoid.

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