Are NFT games also another way to gamble your money? - page 3.

dhemasm

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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.

Agreed, Lot of NFT project out there right now didn't have any real use case especially games, You can see lot of NFT games right now have same economic and the gameplay itself didn't even fund and basically just copying the Axie Infinity Concept. I think it's normal since we are still on early phase but there are tons of good NFT concept out there and the if you want to play then i should recommend MIR4, Iluvium (Upcoming and Alice.

Dr.Osh

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Quote from: ?? on ??

I think yes with NFT games also another way to gamble our money because NFT like hype coin only exist few weeks later and then price of NFT coin dump almost 90%. You can see with many NFT game coins almost dump from cryptohund and only few NFT still exist like mbox have listed on Binance and AXIE NFT game, but not stable and price keep going down and not guarantee although success listed on Binance exchange, I have out from all NFT game and better not buy or invest with game coin right now.

IMO, if the project continues and is not a scam, NFT games are not the same as gambling. well, you play the game, and earn coins in it, and you can sell those coins. I think a lot of people have benefited from games like Axie Infinity. maybe quite a lot of coin dumps, but that's perfectly normal in the crypto world. token prices go up and down. Well, maybe everyone has a different view on this, but I don't see this as a gamble. although it is indeed risky, but most investments in altcoins are risky.
but again, I assume that NFT games are different from gambling, depending on the type of game.

finaleshot2016

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Quote from: ene1980 on September 26, 2021, 05:33:55 PM

Quote from: Galley on September 26, 2021, 02:39:46 PM

I play Splinterlands from time to time. I would not say that this is a gamble, although it is a card game. A little money, of course, was spent on it, and most likely it will not be returned to me, but I play for fun, not to earn money.

If everyone has thing mindset when they are playing with money, then there wont be any complaints. I do play games once in a while and most probably i will be playing free games in casino and once i feel like playing it with money i tend to change and play with money. The issue with NFT games i see is that the transactions fees are really higher when i tried to play the game and hence even i never tried playing them. Once the fees goes down i will be playing the game.

I believe that fees are always determined by the blockchain. For example, because Axie Infinity is based on Ethereum, it is expected that transaction fees will be high. The most of the NFT games I'm playing are from BSC, where the fees aren't too high and can be handled by a low-investor. Try some other BSC games; I'm sure you'll enjoy them; I've been able to play a number of games because I have a lot of BNB and the prices are low. That's also why the BSC has the majority of the NFTs.

ene1980

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Quote from: Galley on September 26, 2021, 02:39:46 PM

I play Splinterlands from time to time. I would not say that this is a gamble, although it is a card game. A little money, of course, was spent on it, and most likely it will not be returned to me, but I play for fun, not to earn money.

If everyone has thing mindset when they are playing with money, then there wont be any complaints. I do play games once in a while and most probably i will be playing free games in casino and once i feel like playing it with money i tend to change and play with money. The issue with NFT games i see is that the transactions fees are really higher when i tried to play the game and hence even i never tried playing them. Once the fees goes down i will be playing the game.

mulia sabee

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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.

Yes, this is another way of risking your money because you are not sure if you will make a profit after buying NFT, I think this is an investment and is not considered a gamble like placing other bets. Seems like it's a lot different from gambling itself. but if you think of it as gambling then you need to also consider it, meaning don't think of trading as gambling!!

Galley

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I play Splinterlands from time to time. I would not say that this is a gamble, although it is a card game. A little money, of course, was spent on it, and most likely it will not be returned to me, but I play for fun, not to earn money.

carlisle1

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Quote from: SarangWallet on September 25, 2021, 03:59:44 PM

This is also a very serious gamble, you are still spending money, taking risks, and waiting to see if your money will grow or not. The type of gambling that you mean in playing this NFT game can be compared to investing in certain coins. You spend money, take risks and wait whether the value of the coin will appreciate and you will make a profit or not and you will incur a loss. It's basically the same as the NFT games you mentioned.

More on investing since you are buying something in hope that the value will pump up.

Unlike gambling in which the outcome mostly negative, you play and try to win if luck is not there for you expect to lose your money,

with NFT if you enjoy the game and you managed to understand the whole concept your chance to earn decently is very possible.

A combination of luck and skills to grow your money.

wissy

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Unfortunately, there are so many knockoffs out there who just copy and modify the code a little. That's why its hard to predict, which game will be successful in the future. For now, i dont see any crypto game which would offer you addictive like content, which would keep players in. Until then, i dont see much promise in NTF games.

lumierre

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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.

SarangWallet

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This is also a very serious gamble, you are still spending money, taking risks, and waiting to see if your money will grow or not. The type of gambling that you mean in playing this NFT game can be compared to investing in certain coins. You spend money, take risks and wait whether the value of the coin will appreciate and you will make a profit or not and you will incur a loss. It's basically the same as the NFT games you mentioned.

travwill

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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.

leea-1334

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Quote from: dhemasm on September 21, 2021, 02:11:19 AM

Quote from: leea-1334 on September 21, 2021, 01:51:32 AM

but like most games like nowadays the grinder will always win. Spend more time (or more money) and you get more cards, more skills,,, and are always stronger than the guy who only logs in once per day.

Nope, After playing some popular NFT games out there (Axie, Dragonary, Cryptozoon), People who spend more money will get always stronger and get more stuff comparing to people who grind, It was because we are limited by energy or anything like that to doing some stuff on the game so the people who spend more will always get stronger, Even like that there are some good games like MIR4 that basically give you chance to competing with other people that paying more money, we are still on early phase of NFT games and we will see some good games in the future for sure like Iluvium for example.

Yes,,, that is what I said though if you look again at my response

The spender will always win (I said grinder but I meant either you grind money or you grind time). All of these fake games claim to be skill based and then they sell powerful items that grinders never can catch up with.

So if NFT games do not fix this broken thing,,, then the whole idea is still pointless.

kramchers

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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.

I am all familiar with them, until now Dpet and CB(cryptoblade) is in the stage developing and yet there are so many community bought their tokens in the market. After cryptoblade started there are so many NFT arise that copied the style or system of it, where the majority of them ended up in a short period of time only and a lot of investors lose their assets in the end. Even in Dpet, a lot of investors, bought this coin and yet no PVP or PVE. In short, both are just a piece of shit. Sorry for the term.

dhemasm

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Quote from: leea-1334 on September 21, 2021, 01:51:32 AM

but like most games like nowadays the grinder will always win. Spend more time (or more money) and you get more cards, more skills,,, and are always stronger than the guy who only logs in once per day.

Nope, After playing some popular NFT games out there (Axie, Dragonary, Cryptozoon), People who spend more money will get always stronger and get more stuff comparing to people who grind, It was because we are limited by energy or anything like that to doing some stuff on the game so the people who spend more will always get stronger, Even like that there are some good games like MIR4 that basically give you chance to competing with other people that paying more money, we are still on early phase of NFT games and we will see some good games in the future for sure like Iluvium for example.

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Quote from: Chathusand on September 20, 2021, 03:44:42 PM

I don't believe they're all of them; most of them include some sort of strategy, which eliminates the possibility that NFT games are a form of gambling. Consider Axie Infinity: it's a skill-based game with a chance element in the form of cards, critical hits, and opponent skill, but it's not gambling.

Skill-based at first maybe,,, but like most games like nowadays the grinder will always win. Spend more time (or more money) and you get more cards, more skills,,, and are always stronger than the guy who only logs in once per day.

If this is not gambling, that is, putting in your time in the hopes of gaining that <1% super rare skill on a loot box, I do not know what is Tongue

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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.

I don't think so the investing with NFT games is really good but still hoping that it is real and hoping that my investment with it may gain someday since i already take some risk and inveat with some NFT games.

the ghabbar

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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.

That's why it is necessary to add weapons and characters that have been used to increase the chances of playing, the greater your chances of winning in this game, expertise is also needed in playing it, so it can be added with additions to existing weapons, whatever you play. will be driven to win, the risk will still be there from the gambling or betting you make, whatever it is you also need to be aware of it and must be able to reduce the risk.

Chathusand

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I don't believe they're all of them; most of them include some sort of strategy, which eliminates the possibility that NFT games are a form of gambling. Consider Axie Infinity: it's a skill-based game with a chance element in the form of cards, critical hits, and opponent skill, but it's not gambling.

Mariaverde

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Quote from: CryptoG99 on August 23, 2021, 10:16:58 AM

Getting an NFT is like getting any other asset, just because it is digital doesn't make it any different.
Your asset is worth whatever someone else is willing to pay for it.
I like to use Colosseum Cards as a current example. In this upcoming NFT game you can get Football players as NFTs and use them within the game. No difference the collecting and trading magic or baseball cards back in the day. The only difference with Colosseum Cards, since they are digital, they can be traded worldwide, used in the utility of the "game" and also you as the original opener of the NFT card can get passive income when those cards are ever traded again.

I found that project and I think is really awesome and fun. You can earn passive income when your cards are traded.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Oilacris on August 19, 2021, 01:39:36 PM

Quote from: South Park on August 19, 2021, 01:31:30 PM

I will have to check the game but if you are using money and there is an element of chance there that is completely outside of your control then we could say that you are gambling, after all if we took out the name of the game and people were trying to guess what kind of game you were describing many people would have guessed poker as it is a game of skill in which probabilities still play a huge factor, and it seems this game could be under the same classification as poker.

Seen lots of people just dive in just because of the hype on where they do end up on playing games directly without even trying to look on whose the team behind or the developer.Did see some rug pull projects which is really sad into those who do lost up big or tons of money when the owner had ran off all of those investments.

This is one of the risk when you do deal into something not just on NFT games but also with other forms of investment as well here on crypto market.Gambling on the essence that you are risking your
money but at least you could really make out some advantage if you had done your assignment.

Unfortunately this is something that is happening a lot recently, I know that scams have always existed in this market as there is simply too much money and a lot of people give their money to projects that anyone will describe as a scam from the get go, however the NFT craze we are going through is completely crazy and quite honestly I do not see this improving any time soon as people want to get rich fast even if they have to risk losing all their capital in the process, which most of the time they do.

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