Are NFT games also another way to gamble your money? - page 2.

abralzain17

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Quote from: geegaw on November 09, 2021, 10:46:04 AM

Quote from: abralzain17 on November 09, 2021, 05:22:06 AM

What we need to understand together is that NFT has many types and also has different networks, such as ERC20 and also Bsc, for now NFT games have become Trending in the game market because they have so many games, but the difference is that NFT games can give the Player a big advantage, I don't think it's a gamble.

You are only looking at a small picture of the NFT problem, players are not the most advantageous in the NFT product, most games require players to upgrade resources as well as in-game products with real money, in return, the daily income will be higher and bring a sense of advantage as you say but the value of crypto is not constant numbers, extremely large range of change when capitalization drops or is no longer added every day. NFTs are not potential tokens, they are just newcomers, we are depositing money and gambling on luck in a scientific way

How is it possible that NFT is not a Potential Token? it is possible that your opinion is not approved by many NFT users ! although Nft is a Newcomer but you can see how much NFt users have grown in the last one year, from that we can see the potential that NFT has

geegaw

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Quote from: abralzain17 on November 09, 2021, 05:22:06 AM

What we need to understand together is that NFT has many types and also has different networks, such as ERC20 and also Bsc, for now NFT games have become Trending in the game market because they have so many games, but the difference is that NFT games can give the Player a big advantage, I don't think it's a gamble.

You are only looking at a small picture of the NFT problem, players are not the most advantageous in the NFT product, most games require players to upgrade resources as well as in-game products with real money, in return, the daily income will be higher and bring a sense of advantage as you say but the value of crypto is not constant numbers, extremely large range of change when capitalization drops or is no longer added every day. NFTs are not potential tokens, they are just newcomers, we are depositing money and gambling on luck in a scientific way

abralzain17

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What we need to understand together is that NFT has many types and also has different networks, such as ERC20 and also Bsc, for now NFT games have become Trending in the game market because they have so many games, but the difference is that NFT games can give the Player a big advantage, I don't think it's a gamble.

Charles310

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That meant that the game was considered an illegal gambling operation. There are other successful NFT games in the market, such as Axie Infinity, which lets players buy and sell digital characters for a profit. ... NFTs use the transparent and secure digital ledger of blockchain to authenticate unique digital items.

Rufsilf

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Playing with NFT games with a risk of losing or desiring to gain a value either fiat or cryptocurrency is already considered as gambling. But I see NFT games are more of investment to me because it requires time, effort and money to eventually generate profit from it especially when you are playing it rather than gambling and just wait for the outcome without the effort.

Many professional gamers nowadays are preferring to play with NFT to make money rather than just enjoying it.

pjwaffle

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It's very much like an investment but with rng factors it's basically close to how the investments are returned to you depending on how the stock or coin actually develops (previously chance based on the code and how the game works, the latter based on how good it is not). imagine if we all play together and win together it would be boring but if you always lose then all by itself is not profitable and NFT game if you want high profit you have to win very much. And if you lose, you will be the loser.

susuberuang

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Quote from: meldrio1 on October 17, 2021, 10:37:58 AM

Maybe it's another way to gamble but for me NFT games are kind of investments because surely you can get your capital back if you keep playing the game. NFT games are really good to earn extra money. Now there are many of them so more opportunities to make some money on NFT games..

It also takes a lot of time, my friend, because playing games continuously will also take up a lot of time and there will be no opportunity to do other work which is also more important to do.

Dr.Osh

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Quote from: carlisle1 on October 17, 2021, 10:54:19 AM

Quote from: meldrio1 on October 17, 2021, 10:37:58 AM

Maybe it's another way to gamble but for me NFT games are kind of investments because surely you can get your capital back if you keep playing the game. NFT games are really good to earn extra money. Now there are many of them so more opportunities to make some money on NFT games..

Those play to earn games have that capabilities, but what is important before spending both your time and money into this game

is the knowledge that you have, chances of earning decently always depends from how good the developers are and how well you deal with your research.

The better research you did the bigger chances of succeeding from this investment. Some of those who invest are also enjoying the game they are just

treating the profits as extra, they are not affected much by changing value of rewards good thing for long term success.

I also see it like any other type of investment. a lot of people play the game, and buy equipment or something to make the game character stronger, and earn nothing. it's just because they like to play games.
In this case, I see NFT games as providing opportunities for gamers to enjoy games and make money. No more parents saying that playing games is a waste of time. as long as the NFT game runs as it should, I don't think it's a type of gambling, even that is far from the word.

Gayong88

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In my view, the booming of the NFT market in this game is inseparable from the boom of AXS, which has made NFT and Games extraordinary and an inspiration for other developers to try the same thing and for those who want to invest, it is strongly recommended that you do not choose randomly because if you make a mistake, your investment value will decline and it will not sell. . this is very normal if we learn from experience when you fall you will be stressed, it takes a very strong mentality if you want to buy crypto like this.

carlisle1

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Quote from: meldrio1 on October 17, 2021, 10:37:58 AM

Maybe it's another way to gamble but for me NFT games are kind of investments because surely you can get your capital back if you keep playing the game. NFT games are really good to earn extra money. Now there are many of them so more opportunities to make some money on NFT games..

Those play to earn games have that capabilities, but what is important before spending both your time and money into this game

is the knowledge that you have, chances of earning decently always depends from how good the developers are and how well you deal with your research.

The better research you did the bigger chances of succeeding from this investment. Some of those who invest are also enjoying the game they are just

treating the profits as extra, they are not affected much by changing value of rewards good thing for long term success.

meldrio1

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Maybe it's another way to gamble but for me NFT games are kind of investments because surely you can get your capital back if you keep playing the game. NFT games are really good to earn extra money. Now there are many of them so more opportunities to make some money on NFT games..

alviemery96

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G I S T C O I N

The games you are playing because not all of them are in the same position as others where there is less risk and yes they are definitely a gamble because you are relying on the exchange rate to stay stable until you get your money back in the first place. If a game project you start, your investment will return quite quickly, the later, the harder it is for you to get your investment back. My initial investment is like the latest AXIE NFT game now, before when I first joined the game it only took me 1 month to get my initial amount back and now the participant need a month and a half then or 2 months

finaleshot2016

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Quote from: SacriFries11 on October 03, 2021, 06:25:35 AM

For me NFT games are gambling only if we put our own money in these games because we do not have any assurance that this money will grow since the thing we can earn through this game is also a crypto which price fluctuates. Yes there are already lot of people who gambled in NFTs and already get back their investment plus lots of profit.
But in my case since I am earning by being a scholar who does not used any of my own money to buy NFTs, I think it is not gambling. For me it is kinda blessing.

There are components of NFT games that are gambling; theoretically, all investments are gambling, but NFT game projects are transparent. What I mean is that if you believe that the game is feasible, that there is progress, and that there is a beta version of it, then the NFT game is highly worthwhile; there is no need to gamble because there is already an assurance that it will yield profit soon. Because, afaik, developing a game is quite difficult, so if they've already made progress on it, it means they're serious about the concept and want to make it a reality as soon as possible.

errorcode99

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Quote from: yazher on August 08, 2021, 08:58:54 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?

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.

This NFT game is a new trend in the gaming market. There are more games available. But you can't really think of it as traditional gambling. It's like investing in stocks. You buy coins from them, invest them in the game to buy virtual items and sell them at a profit. So this is not really traditional gambling. But there are certain elements of gambling. This is a property trading game called Upland.

OrangeII

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Quote from: mulia sabee on October 02, 2021, 02:21:54 PM

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.

Gambling is not just talking about money but talking about the opportunities that exist, business opportunities sometimes have to be risked with speculation.

Speaking of luck, I think every investment requires that. in fact, in starting something, we don't know whether it will work or not. what I think in this matter is
- if you know the type of investment, and the direction of the development of the project, then it is called investment.
- If you don't know about it, and invest in it based on feelings, I think it's like gambling.
In this case, I don't think NFT games are gambling. for example, if we play Axie infinity, with pretty good characters, we can get slp every day by running quests in the game. In addition, you can mate your Axie to produce other Axie species. isn't that clear enough. would be different "if" it became a scam. then it turns into a scam investment, and that is very far from the definition of gambling.
However, there are types of games that are truly gambling genres such as poker and others. however, I think the difference between games like that we already understand enough.

SacriFries11

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For me NFT games are gambling only if we put our own money in these games because we do not have any assurance that this money will grow since the thing we can earn through this game is also a crypto which price fluctuates. Yes there are already lot of people who gambled in NFTs and already get back their investment plus lots of profit.
But in my case since I am earning by being a scholar who does not used any of my own money to buy NFTs, I think it is not gambling. For me it is kinda blessing.

mulia sabee

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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.

LUCKMCFLY

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Quote from: lumierre on September 25, 2021, 11:53:11 PM

Quote from: travwill on September 22, 2021, 02:44:13 PM

I think almost everything in the current market can be called gambling. Especially in cases where a person, not understanding the issue, acts on a whim after reading exclamation headings about NTF.
90% of NTFs are not bought and are useless. Those that buy usually buy 1 or 2 times. This is a beginner trap.

You are right that many people make their decisions just based on another's advice, without their own research and understanding of the situation. People just enter the game to make money on it, they buy expensive things like axies in Axie Infinity, this way they spend 1200$, but they are not interested in the game itself, so it is a real risk when you don't understand and just follow the crowd.

The best strategy I have found so far is with NFT games, those that are from the "Play to Earn" legacy, the best strategy that many apply is to buy at the presale, then sell at the public sale, and then re-buy a lot cheaper and with that money enter the NFT game until the game has a lot of FOMO and can sell what you invested, this is the fashion, it is for this reason that NFT games are so famous. As an example is Axie Infinity, Plant vs Undead, and there are many more, in fact those who could not enter their private and public sales are confused with the profits that the game can generate.

Rahman11

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We live in exciting times where you can earn money by playing. In blockchain-based games, you can buy and trade in-game things as NFTs. There are already some highly expensive collectibles on the market today, such as in the game CryptoKitties.

Currently running top 5 nft games
Axie Infinity. Axie Infinity is probably the most popular NFT game around at the moment. ...
Sorare. Sorare is another one of the top 5 NFT games currently running. ...
Evolution Land. Evolution Land stands out on this list of the top 5 NFT games as it has a bit of a different approach. ...
Gods Unchained. ...
CryptoKitties.
Gaming and gambling are very similar activities; the gambling industry even uses these terms interchangeably. The main difference between the terms is that for gaming the outcome is achieved by skill, not chance, whereas for gambling, the opposite is true.

MarjorieZimmermanGinger

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Quote from: yazher on August 08, 2021, 08:58:54 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?

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.

Everything we do will definitely get a risk, usually every risk depends on the work pattern we apply, the greater the risk, the more careful we are when starting, opportunities must be created and capital must also return from what we bet, buying tokens at pre-sale is an act to think about or invest in the game in the hope that we will get profit as soon as possible, therefore we need to prepare everything to reach the level of success in crypto world.

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