Are NFT games also another way to gamble your money? - page 15.

Hippocrypto

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Quote from: Maus0728 on August 09, 2021, 12:32:48 AM

Quote from: ethereumhunter on August 09, 2021, 12:15:18 AM

That will depend on the game because if the games offers you to invest inside the games to earn something, maybe that is not a gambling.

Not until you realize that the game you've invested in is a scam, or that they've committed a rug pull on their investors after milking them because they're a bunch of money-hungry assholes. This is why the notion "Invest with what you can afford to lose" is still something that need to be considered.

Paying for a game that guarantees a return but requires a lot of time can also be considered as gambling.

What we have in life right now is more like gambling, you don't know what exactly will the outcome is so you're risking over an investment or any type of gambling. Worst cases only come after when you find something bad, then scam accusations will be arising. Our game that's been tackled was the reality of life, and in everyday lives we're facing different uncertainty.

kotajikikox

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Actually the Idea of we need to spend money before playing is already a way of gambling mate because there are tons of free games in internet that we can enjoy without spending even a single buck but these games obliging us from buying or paying just to start the game in which not my type as a gamer in past.
maybe the longest i can engage in this game if given a chance to play free like what Axie's scholar does.

Maus0728

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Quote from: ethereumhunter on August 09, 2021, 12:15:18 AM

That will depend on the game because if the games offers you to invest inside the games to earn something, maybe that is not a gambling.

Not until you realize that the game you've invested in is a scam, or that they've committed a rug pull on their investors after milking them because they're a bunch of money-hungry assholes. This is why the notion "Invest with what you can afford to lose" is still something that need to be considered.

Paying for a game that guarantees a return but requires a lot of time can also be considered as gambling.

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

That will depend on the game because if the games offers you to invest inside the games to earn something, maybe that is not a gambling. But if they offers to spin the fortune wheels using some units, then that will be a hiding gambling as not many people will think that is not a gambling. Besides that, people will not think about gambling or no if they really enjoy the games and they consider to play more because they can feel excited to grow their level. Sometimes, we did not realize if that game is related to gambling.

Maus0728

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To answer your question, yes.

NFT gaming has no difference to the games offered by these casinos. You are putting your resources (time and money) at risk in the hopes of winning back your money, with the exception that the ROI is considerably longer than with casino games.

Also, the "gambling" aspect is the uncertainty of whether they are sustainable enough in the long run or not. In fact, the possibility of losing your money could be the downfall of the game itself or the token right after you've put your money on the line.

Darker45

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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.

ralle14

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Quote from: yazher on August 08, 2021, 07:58:54 PM

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?

That depends on the game you're playing since not all of them are in the same position as the others where there's less risk and yes they're definitely a gamble since you're relying on the exchange rate to stabilize until you get back the money you've spent from the start.

For those who plan on investing it's better to understand the risks first, as long as you can afford the money you've spent then it doesn't hurt to invest no matter how late you are compared to the others since that type of situation is kind of similar to how we invest in crypto.

cabron

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If you could lose money from it, it's a way of gambling. But then there is a new trend for it which could trick your brain into seeing it as NFT and NFTs are stores of value. I have not played any of these games but would like to if I just have some time.

What is the difference between these games compare to the Axie? I believe they are all the same since they do have tokens too.

Wexnident

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Well, it's like an investment but with rng elements, basically close to how investments get returned to you depending on how the stock or coin actually develops (former is based on rng luck coded AND how well the game does, latter is based on how well it does). I wouldn't really call them a gamble tbh. It's closer to an investment imho, and besides, it'd actually earn more in the short term since most nft games are play to earn. They basically return a set amount of profit every month, unlike investment which is pretty stagnant most of the time.

Obito

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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.

yazher

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You own the pen

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.

Topic: Are NFT games also another way to gamble your money? - page 15. (Read 2292 times)