Topic: Are NFT games also another way to gamble your money? - page 14. (Read 2285 times)
My biggest fear is the guarantee of refunds of investment if prices drops or goes higher that is to say what ever goes on in the process lies strictly on my own risk. Looking at the second game crypto blades where there is no assurance of refunds then I will bluntly say it's not worth investing in.
These games are refined hyips (High Yield Investment Programs). When investing in this kind of concept you are always gambling with your money. The problem is that some people don't see it this way, as they believe it's a safe investment. The fact is that games' items are artificially inflated by the money new players make in a daily basis, exactly how a ponzi scheme works. Once the flux of fresh money decreases, these items will lose their values considerably in a way new players won't be able to recover their initial investments.
I say that because in no legit way static browser games like Cryptoblades and Mobox, without any gameplay would have huge demand like we are seeing right now. If you want to avoid the risk look for NFT/Blockchain games which have real gameplay, development, ingame economy, consistent players community.
(It's not the first time hyips use fake games to run their businesses. People who are on the internet for a longer time must know some hyip games which were very popular especially in eastern europe).
I say that because in no legit way static browser games like Cryptoblades and Mobox, without any gameplay would have huge demand like we are seeing right now. If you want to avoid the risk look for NFT/Blockchain games which have real gameplay, development, ingame economy, consistent players community.
(It's not the first time hyips use fake games to run their businesses. People who are on the internet for a longer time must know some hyip games which were very popular especially in eastern europe).
Investment and gambling is different, also the word "gamble" is a very broad word to begin with. I guess the right term to use when you're using your money in an investment is "risking" and not "gambling" your money because you put it in a game to earn money.
The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.
The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.
NFT games who offered Play to Earn set up indeed gives you that opportunities, once you started you'll received amount of compensation,
while in gambling if luck is not on your side it will going to get the money out from your pocket without
any way to recover it unless you'll try again and put more money on it.
Both have risk but if you think wiser investing with NFT games might have some good edge as hypes really bringing
this assets to the next level inside crypto industry.
As long as you are investing in NFT games that are really worthwhile.
Some of these are just riding the hype of NFT market.
So you should know how to evaluate their real value and not just following the hype.
In this case, you are also gambling your money. Anyway, we are already gambling our money in most of our daily activities.
But it is up to you how you will assess the risk on a specific platform, which is why it is very important to know if they are really worth your time.
This is also gambling in its broader sense. You still shell out money, take the risks, and wait whether your money will grow or not. But I guess this is not the kind of gambling when we speak of gambling as in placing a wager on a particular sports event or on a certain casino game in which the results would only either be you win or you lose.
The kind of gambling you refer to in playing these NFT games could be more likened to investing on a certain coin. You spend money, take the risk, and wait whether the coin's value will appreciate and you will make profit or not and you will have a loss. This is basically the same with the NFT games that you mentioned.
The kind of gambling you refer to in playing these NFT games could be more likened to investing on a certain coin. You spend money, take the risk, and wait whether the coin's value will appreciate and you will make profit or not and you will have a loss. This is basically the same with the NFT games that you mentioned.
I agree if this is categorized under the type of Gambling with a much broader version. Through a rather modern concept because NFT is now very diverse and we can bet on it. Whether it's Axie or a game, of course we don't really recognize it because there are too many games that offer the same thing.
Having a much higher level of risk, buying at that price, then it will become an exhibition event by increasing the price drastically.
If it's based on your items or something and an added modified rock, paper, scisslrs RNG then I could probably say that it's going to be considered a gambling and also, Cryptoblades is a bit more of a gambling than most although you can always up your chances of winning when you have a good weapon and character.
At the same time I do think that these games are going to be modified accordingly and there might even be a smaller issue regarding kids trying to use these therefore we might need more strict rules. NFT games are something really interesting and the new concept is getting accepted slowly all around. Plus there are games like PUBG which already allows players to interact in the chats and allows them to make small tournaments and everyone pays for it.
Investments are sure something that are involved here and players also make teams internationally to win these tournaments.
There are so many things involved with NFT games that I do not know how to explain it in just one word. Is there a gambling involved? Sure there is some, is there an investment involved? Sure there is some. Is there gaming involved? Well yeah, it is a game. Basically there are tons of stuff that are involved with this that you have to accept the fact that some parts you may like and some parts you may not like.
For example, there are many games where you pay a simple fee where you get some sort of pack and in that pack you could get something amazing or something very useless, that is gambling, then you put that into work and that is investment, then you play with it and that is gaming. I have to say this idea could grow to be one of the best things ever, but for that to happen we really need it to keep going for a while, more and more new games will come out, and one will be so amazing that it will be bigger than PC games you see on steam.
For example, there are many games where you pay a simple fee where you get some sort of pack and in that pack you could get something amazing or something very useless, that is gambling, then you put that into work and that is investment, then you play with it and that is gaming. I have to say this idea could grow to be one of the best things ever, but for that to happen we really need it to keep going for a while, more and more new games will come out, and one will be so amazing that it will be bigger than PC games you see on steam.
Yes we can consider it as a gambling since after we buy their token or invest to that game you will earn, just like what you have said some people bought characters when the price is high and right now the price crash it means that the people was not sure what will happen and that's why it considered as a gamble, it's just my opinion and my view.
I'm playing Cryptoblades, but it's not actually gamble but an investment if you lose in a fight you will just lose stamina and you will lose small BNB (Transaction) but if you win you will have profit however the only enemy here is the price of the NFT if the price drops of course the value will also drops the only thing here is that you will able to earn more rather than to lose.
Investment and gambling is different, also the word "gamble" is a very broad word to begin with. I guess the right term to use when you're using your money in an investment is "risking" and not "gambling" your money because you put it in a game to earn money.
The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.
The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.
NFT games who offered Play to Earn set up indeed gives you that opportunities, once you started you'll received amount of compensation,
while in gambling if luck is not on your side it will going to get the money out from your pocket without
any way to recover it unless you'll try again and put more money on it.
Both have risk but if you think wiser investing with NFT games might have some good edge as hypes really bringing
this assets to the next level inside crypto industry.
Investment and gambling is different, also the word "gamble" is a very broad word to begin with. I guess the right term to use when you're using your money in an investment is "risking" and not "gambling" your money because you put it in a game to earn money.
The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.
The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.
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?
Just like this one - Where the Initial investment is 10$ but if you are lucky enough you can get it after 15 days or a month of continue playing. Of course, you will have an option to further invest in the game where you accelerate the return of your capital but more risk and you need to spend additional money for it.
Splinterlands
I know the game and this is very addicting lol , and also very cheap to start up and thinking about this can be considered as gambling ? i don't think so because unless you will invest tons of amount then that is the risk and that's how tyou can be called as in gambling.Just like this one - Where the Initial investment is 10$ but if you are lucky enough you can get it after 15 days or a month of continue playing. Of course, you will have an option to further invest in the game where you accelerate the return of your capital but more risk and you need to spend additional money for it.
Splinterlands
also if you are just making this for fun then this is not a gambling at all.
I mean, if you look at it that way, all investing is gambling be it crypto, property, gold... But looking at the last game, it might not be a scam, but I wouldn't be surprised if it turned out to be. As the crypto gaming industry is getting bigger, so is the possibility of getting scammed, and buying NFTs for a game that's not even out yet is risky AF and is quite literally a gamble.
wait , but where does the Scam idea comes? there are no mentioned about that matter all over the thread . 
I mean, if you look at it that way, all investing is gambling be it crypto, property, gold... But looking at the last game, it might not be a scam, but I wouldn't be surprised if it turned out to be. As the crypto gaming industry is getting bigger, so is the possibility of getting scammed, and buying NFTs for a game that's not even out yet is risky AF and is quite literally a gamble.
@Darker45 sums it all up. This is about the token volatility and not exactly about the game itself (same old buy high sell low and vice versa).
To be honest, this is not what I had in mind when I read the title. I was expecting the topic to be more about PVP or PVE in each NFT games where players have to stake their weapons/skills in battles.
To be honest, this is not what I had in mind when I read the title. I was expecting the topic to be more about PVP or PVE in each NFT games where players have to stake their weapons/skills in battles.
These are just a few lists of the NFT games that I know, I just wanted to know if this kinda makes sense to invest in this game whereas you can see, people who invested late are now suffering and
can't stop thinking if they get back their investment.
We are investing to get more profit and its normal to think when will be the ROI if you are going to invest on that NFT games.can't stop thinking if they get back their investment.
I don't know what's connection with this one to gambling but if the game tells you to risk something before you win, then that is more about gambling but if you are just going to invest and play the game like on AXIE, I don't see that one as gambling.
and also depend on the game when you can fight with each other and can put bet on it then that can be a gambling.
These NFT games are the new trend in the gaming market. There are a lot more games available. But you can't really consider them as traditional gambling. These are like investing in stocks. You buy coin from them, invest it in the game to buy virtual things and sell them at profit. So these are not traditional gambling really. But some certain elements of gambling is present. There is one game in NFT market making news recently so I decided to give it a try. It's a property trading game called Upland. I am sure we will see this trend continues.
Gambling and investments have always been considered identical but in reality, they're not the same. Those that you've pointed out are a part of investing and just as gambling, we're all hoping for a quicker return as we have invested because that's all that we want to have once we invest. As for gambling, the connection that you can put with these NFT games are the PvP. You add some twist and flavor upon playing with other players and that is to bet for yourself or anyone who will agree with any amount. You have missed Axie Infinity for which is going to be an e-sports soon so betting is going be likely with it.
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?
Just like this one - Where the Initial investment is 10$ but if you are lucky enough you can get it after 15 days or a month of continue playing. Of course, you will have an option to further invest in the game where you accelerate the return of your capital but more risk and you need to spend additional money for it.
Splinterlands
Number two is somewhat risky where right now you need to have 4 characters and a weapon to start to play the game which is approximately $100 to start to play and the risk right now is quite high because the price of their token is falling from $120+ to $32+ where lots of people are complaining because they bought their characters and weapons when the price was high. With the current price, their investment capital will return after 5-6 months of continue playing or less than that if the price will recover but no assurance.
Number Three is the NFT game called MyDefipet where in most cases people invested where the price was quite high and the game hasn't started their play to earn mode yet. This last one is the riskiest of them all since there was no way for you to get your capital back if you already bought their NFTs inside the game. all you have to do is wait and somehow trust their developer's statements.
These are just a few lists of the NFT games that I know, I just wanted to know if this kinda makes sense to invest in this game whereas you can see, people who invested late are now suffering and
can't stop thinking if they get back their investment.
Just like this one - Where the Initial investment is 10$ but if you are lucky enough you can get it after 15 days or a month of continue playing. Of course, you will have an option to further invest in the game where you accelerate the return of your capital but more risk and you need to spend additional money for it.
Splinterlands
Number two is somewhat risky where right now you need to have 4 characters and a weapon to start to play the game which is approximately $100 to start to play and the risk right now is quite high because the price of their token is falling from $120+ to $32+ where lots of people are complaining because they bought their characters and weapons when the price was high. With the current price, their investment capital will return after 5-6 months of continue playing or less than that if the price will recover but no assurance.
Number Three is the NFT game called MyDefipet where in most cases people invested where the price was quite high and the game hasn't started their play to earn mode yet. This last one is the riskiest of them all since there was no way for you to get your capital back if you already bought their NFTs inside the game. all you have to do is wait and somehow trust their developer's statements.
These are just a few lists of the NFT games that I know, I just wanted to know if this kinda makes sense to invest in this game whereas you can see, people who invested late are now suffering and
can't stop thinking if they get back their investment.
I also looked into those play-to-earn games recently because i am a pc gamer myself and if there are good games out there where you can earn some money while you doing something that you enjoy then of course this would be an absolute dream scenario for me. Most of those "games" though are no real games as they don't really have much features yet and the features that they have are very simplistic. What you although need to consider is that you already have to invest a high amount of money only that you can start to play those games in most cases. Just take a look at axies infinity which is the biggest and most successful play-to-earn game. You need to own at minimum 3 axies just to be able to start playing the game. At the moment 1 axie costs at least 300$ whcih means you need to invest 900$ to start playing and of course you don't know if the prices drop or increase until you have bred your own axies that you can sell. So those games really are a gamble in my opinion, just like most other investments.
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?
Number Three is the NFT game called MyDefipet where in most cases people invested where the price was quite high and the game hasn't started their play to earn mode yet. This last one is the riskiest of them all since there was no way for you to get your capital back if you already bought their NFTs inside the game. all you have to do is wait and somehow trust their developer's statements.
These are just a few lists of the NFT games that I know, I just wanted to know if this kinda makes sense to invest in this game whereas you can see, people who invested late are now suffering and
can't stop thinking if they get back their investment.
Number Three is the NFT game called MyDefipet where in most cases people invested where the price was quite high and the game hasn't started their play to earn mode yet. This last one is the riskiest of them all since there was no way for you to get your capital back if you already bought their NFTs inside the game. all you have to do is wait and somehow trust their developer's statements.
These are just a few lists of the NFT games that I know, I just wanted to know if this kinda makes sense to invest in this game whereas you can see, people who invested late are now suffering and
can't stop thinking if they get back their investment.
Of the three I invested $200 here on DPET, because of the roadmap, developer's interaction on their community, and of course platform I invested when the price is on a spike, I just want to buy so I can level up while they are developing the whole platform part of their roadmap is they will take out the hatching so you have to buy in the marketplace where the seller is the one that can set up the price so far they are doing good but in terms of ROI, you are right you will have to wait a few more months before you can profit, the work and the platform is on progress, but glad to be here this early.
It will only become a gamble when you put your money and there's so much delay on the platform, so far they are on track.
Right now there are huge lists of them where you have a choice on whether you buy tokens on their early pre-sales or invest in the game hoping that you will get your ROI as fast as possible but there is no assurance about it. Is this gamble its true sense it has just some part where you need to take the risk but not that low odds where you can get your capital back?
Just like this one - Where the Initial investment is 10$ but if you are lucky enough you can get it after 15 days or a month of continue playing. Of course, you will have an option to further invest in the game where you accelerate the return of your capital but more risk and you need to spend additional money for it.
Splinterlands
ROI in splinterlands is easy to achieve, and I don't consider it gambling based on my experience, because most NFT games guarantee that it will bring your initials, but it depends on how many days, weeks, or months it will take. However, in my experience with Splinterlands, I have already gained 3x 2000 dec in daily quest, which means that I have already gained on that game, and I also have some gold foil cards and epic cards that I have yet to sell because I want to use them as power to rank up in the game. Also, buying NFTs is similar to purchasing a toy or a game and having access to the game and its rewards, so I don't consider it gambling. Just like this one - Where the Initial investment is 10$ but if you are lucky enough you can get it after 15 days or a month of continue playing. Of course, you will have an option to further invest in the game where you accelerate the return of your capital but more risk and you need to spend additional money for it.
Splinterlands
NFT games will ensure that your money is returned after many times of playing. IMO, the only gambling here is if the situation becomes shady, such as devs not updating the game or people losing interest in the game, which causes people to dump the coin, there's a risk on that part.
And take note that: When you lose a game in NFT games, you have nothing to lose, so I don't consider it a gambling game because there's no risk included.
These are just a few lists of the NFT games that I know, I just wanted to know if this kinda makes sense to invest in this game whereas you can see, people who invested late are now suffering and
can't stop thinking if they get back their investment.
We are investing to get more profit and its normal to think when will be the ROI if you are going to invest on that NFT games.can't stop thinking if they get back their investment.
I don't know what's connection with this one to gambling but if the game tells you to risk something before you win, then that is more about gambling but if you are just going to invest and play the game like on AXIE, I don't see that one as gambling.
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