I only play Axie Infinity so I really don't know if it's considered a gambling, the only part of it that I can think of that it's a gambling is the investment on the teams themselves, you buy them hoping that you can get a return of investment.
It's not actually a gamble. We only gamble if there's money that's being bet for each game that we do. Just like the logic in dice and sports betting. The money that we invest to buy Axies is considered as an investment and it will generate us revenue overtime as that's what we do for playing Axie Infinity. Well, esports is at hand and the developers are surely considering this little gamble on the feature but if they don't add it on their platform itself, inside the game. Then they might create a separate platform for that but they still own it. 
Topic: Are NFT games also another way to gamble your money? - page 12. (Read 2292 times)
There is a fine line between gambling and investment. Both have their own risk (high risk).
But once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.
Its true because you do still have a chance on getting at least a portion of your investment even though you didn't able to hit up ROI but still you do get something and that what differsBut once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.
them when it comes to risk but of course both are risk and I do agree that theres a fine line between the two and its up to someones choice if ever they would really be tending
to do neither gambling purely or via investment.
NFT games are surely risky because there would be no guarantee for it to go for long term but as long as it runs then you could still have the chance on getting return of investment.
There is a fine line between gambling and investment. Both have their own risk (high risk).
But once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.
But once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.
That pointed the difference between this two venues, with gambling after you lose there's nothing for you to stay, if you plan to try recovering back your initial capital you need to deposit additional funds and wish for luck to help you, while with investment since NFT games have that part of investment, you can continue holding and playing the game and you still have the same amount of assets even the value had been declined you can continue playing and keep gaining to where you'll be able to recover the value of your investment.
If you are lucky enough, you can earn more when the market favor you and the value pump high.
Dont know on why Axie infinity isnt included on the list? You should add up Cryptozoon too since these are the current hyped NFT games as of this moment.
I only posted the games I invested in, I don't have any experience with the Axie infinity so I skipped it.
Anyway, base on your answers, it is definitely a gamble to invest in these games but the risk is low compared to actual online gambling that we have right now but the nature of losing your money when the price of their token fell is still there and there is no guarantee for it to bounce back since it is also inside the crypto market where the volatility is always our partner.
One more thing about Cryptoblade is their chances of battle where the low percentage of winning gives only a little amount of rewards. The moment I saw the percentage of winning the battle, that's when I concluded my thought that this is really gambling. because there is no other definition of when you need to get in the odds in order to take your money back.
had fluctuated down which it isnt really that surprising as these games arent really that good for long term for now but lets see on what would happen.Thing here is that you do know on how to secure
up your capital and then re-roll the profits then its not really bad to consider on playing these games but of course that you should be mindful about the risk.
I am really interested in learning more about these games, but at the same time I really do not want to spend any money on "games" that I do not actually play that much, I mean yeah it makes sense to buy crusader kings 3, because it is a good game (which you can even download for free from torrent) but this is not a great game like that, it is just a regular game you can play on kongregate or something, the olds flash games, even text based for some of them.
It means that you can spend $50 on it just to give it a try, but if you lose that is a good chunk of my money, that is like 10% of my salary, just for testing a game, I rather buy BNB and put it aside, or get cake and put it on the pool, that is why I am hesitant. If anyone here actually spent a little amount and gambled that away to see if it works could help me understand the logic, I could be a lot more interested.
It means that you can spend $50 on it just to give it a try, but if you lose that is a good chunk of my money, that is like 10% of my salary, just for testing a game, I rather buy BNB and put it aside, or get cake and put it on the pool, that is why I am hesitant. If anyone here actually spent a little amount and gambled that away to see if it works could help me understand the logic, I could be a lot more interested.
Right now there are huge lists of them where you have a choice on whether you buy tokens on their early pre-sales or invest in the game hoping that you will get your ROI as fast as possible but there is no assurance about it. Is this gamble its true sense it has just some part where you need to take the risk but not that low odds where you can get your capital back?
First you need to understand that these are the NFT games where you play the game and earn money. You can invest in the game token also and hope it will rise as the NFT games become more popular. Most people invest in NFT games to play and earn regular income. This is completely different from gambling as gambling games are pure luck based but with NFT games, you need a strategy to win the games and level up.
NFT games is another type of investment indeed, if you have good knowledge behind the project there's a certain chance that you'll earned decently.
Unlike gambling where you are more on risking your money even you have good knowledge, shit still can happened along the way.
Your money have a bigger chance of losing than winning, and with Play to earn set up where levelling up is an additional ways to enhance your profits.
Right now there are huge lists of them where you have a choice on whether you buy tokens on their early pre-sales or invest in the game hoping that you will get your ROI as fast as possible but there is no assurance about it. Is this gamble its true sense it has just some part where you need to take the risk but not that low odds where you can get your capital back?
First you need to understand that these are the NFT games where you play the game and earn money. You can invest in the game token also and hope it will rise as the NFT games become more popular. Most people invest in NFT games to play and earn regular income. This is completely different from gambling as gambling games are pure luck based but with NFT games, you need a strategy to win the games and level up.
Anything that has a value and you risk that to try and get more money is a gamble. NFT games are more risky than sports betting because there are more things that can impact the price. You might do everything right and double your in game money but their token might have dumped in the time it took to get there.
Well I guess gambling and investing can be the same in the level of the risks that a gambler or an investor put in it and yeah the characteristics of gambling your money can also be associated with it because the gambler and the investor both take risk their money without any idea when or will their money return or may get profited with it or they will lose it. But in terms NFT games which is now in craze trend which I think it is far from gambling your money because there is an assurance that you may earn a profit though it may takes a month before you could take a profit but the good thing is that you generate money however the factors that may affect the token price like the volatility of the market cannot be set aside.
This topic may be more suitable on the altcoin board, as the mentioned games aren't gambling games. Anyway, in a broad sense, yes, if it involves heavy speculation, it's gambling. However, in a narrow sense, it's not, since speculation like trading NFT and crypto involve skills, not only chance. You can win if you have "a very particular set of skills."
Well if you put it in that way with electricity and time ...I guess nothing may worth our time. Everything costs even in real life so NFT games are not so different but I would not associate them with Gambling as I saw some reviews of those games and I can't see how this is a gamble system.
What I've saw is that Cryptoblade is a new version of Bitefight and Tannoth ...games that I've played like 15 years ago on Browsers but they put it into a blockchain system and to be honest it is catchy and I see it having a long time ( bitefight is still making millions from that game without having a single update in more than 6 years ) so I think cryptoblade will be just fine as long as that Oracle will not kill the economy of the game. Regarding Axie ...it's a bit tricky as you need to own land and oh it's way more complicated than I thought so I will skip this one.
What I've saw is that Cryptoblade is a new version of Bitefight and Tannoth ...games that I've played like 15 years ago on Browsers but they put it into a blockchain system and to be honest it is catchy and I see it having a long time ( bitefight is still making millions from that game without having a single update in more than 6 years ) so I think cryptoblade will be just fine as long as that Oracle will not kill the economy of the game. Regarding Axie ...it's a bit tricky as you need to own land and oh it's way more complicated than I thought so I will skip this one.
There is a fine line between gambling and investment. Both have their own risk (high risk).
But once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.
But once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.
I only play Axie Infinity so I really don't know if it's considered a gambling, the only part of it that I can think of that it's a gambling is the investment on the teams themselves, you buy them hoping that you can get a return of investment.
That is the definition of gambling if you are investing money into a company and expecting a return then that would be gambling because no investment is guaranteed a return. Taxing gambling and investments is different in some countries but the concept is the same.
I only play Axie Infinity so I really don't know if it's considered a gambling, the only part of it that I can think of that it's a gambling is the investment on the teams themselves, you buy them hoping that you can get a return of investment.
even if this is gambling or not yet i don't care because i would rather invest my money in crypto than playing these games in which for me are boring and also i have so many things to do than this gaming now.
but about this being gambling or not? yes this is gambling depend in my perspective lol.
Investing in crypto is gambling do you not understand that? If you are not trading regularly then Bitcoin can be seen as passive income because you are holding the coins instead of trading every day if you are trading every day it is bigger risk and takes a lot of time. NFT gambling is more fun compared to investing in Bitcoin but is not as profitable. but about this being gambling or not? yes this is gambling depend in my perspective lol.
When I read your title, I thought that it's about gambling on which NFT game would be at the top 1 game, beating Axie Infinity. I think there are only a few competitors in those spaces and one of which is Illuvium. Well, I think with its gameplay, it has potential, and it's a AAA game. Well, it's still speculation.
I think the word "Gambling" is being interchanged with "Risk" making it seem everything is all about ROI.
Maybe we can make this a type of gamble based on this lol.
I think the word "Gambling" is being interchanged with "Risk" making it seem everything is all about ROI.
Maybe we can make this a type of gamble based on this lol.
Yeah, especially with gas wars and stuff.
If you are not fully prepared and are simply going in blind, there is a good chance that what you are doing constitutes gambling. There is simply no guarantees when it comes to return on capital as these tokens have absolutely no return on capital.
Don't get confused. Recognise gambling as it is - it is super important.
If you are not fully prepared and are simply going in blind, there is a good chance that what you are doing constitutes gambling. There is simply no guarantees when it comes to return on capital as these tokens have absolutely no return on capital.
Don't get confused. Recognise gambling as it is - it is super important.
Of you're sort of gambling in game then I think that you can probably consider it as a gambling, I am not familiar with any of the games besides Cryptoblades and I think that given the gameplay of Cryptoblades is, I think it's already a gambling.
Isn't Cryptoblades not really a gambling because you can freely choose which one you fight and if your character has an advantage against a fighter that you choose base on element that they have then your likely to win and I think that it's not really gambling for me.
yes nft games are another way to gamble your money because it requires a capital but it can be more enjoyable than a normal gambling because you are playing a video game .
first game in your list is cheaper among the two and the other nft games that i know but it looks less fun ? the second one looks like axie because it also expensive to the fact that you need more than one character .
third one is trendy now but i didnt know that players cant earn yet ? , that was risky .
first game in your list is cheaper among the two and the other nft games that i know but it looks less fun ? the second one looks like axie because it also expensive to the fact that you need more than one character .
third one is trendy now but i didnt know that players cant earn yet ? , that was risky .
Not really, it's not really. It's different than gambling your money like in casino but the only similarity they have is both are entertaining and both are related in playing/game. Some people already lost in NFT games after investing since the price drop while it can be recovered if the price increase while in gambling if you lose, you'll lose that amount and you can't win it back not unless you will place bet again.
but when you are betting against other player? or other account? example me and my friend will bet if whom will attain a certain level each week? this cannot be called gambling ?all the games created can be gambling mat it is depend on how we treat the game and how we will comply on those.
but if you are just using them for fun then you are literally a self controlled person.
Not really, it's not really. It's different than gambling your money like in casino but the only similarity they have is both are entertaining and both are related in playing/game. Some people already lost in NFT games after investing since the price drop while it can be recovered if the price increase while in gambling if you lose, you'll lose that amount and you can't win it back not unless you will place bet again.
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