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Axie game is a game that is quite popular for crypto lovers this year, and even many of its users dare to spend a lot of money to play on the game and in my opinion the game really provides a pretty fun playing experience, moreover we have many options to be able to get tokens , in a way that players can breed it, raise, and fight Axies in the universe.
Topic: Are NFT games also another way to gamble your money? - page 6. (Read 2292 times)
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.
I would not call it gambling. This is an investment with gambling elements. In my opinion, such investments are more risky than conventional classic investments.
Investing in stocks or cryptocurrencies, the investor usually gets a profit.
Why?
This is due to the fact that the modern financial system is inflationary.
Stocks and cryptocurrencies accumulate excess money supply, preventing it from entering the markets for goods (works, services). Therefore, long-term investment is profitable.
In the situation under consideration, the elements of gambling built into the investment system do not guarantee the investor a profit.
With this kind of investment, the investor falls prey to randomness and chaos.
I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.
It isn't just about skills but the quality of the axies that you'll have. The rarest and purest are the most expensive ones. During the gameplay, these axies have the advantage. No matter how strategic you are if your cards aren't that strong, you'll surely lose most of the time. You really have to spend so you'll have an advantage over your opponents.
There's a need of spending more in order to have a good edge against your opponents,
not just the strategy but the rare types of your axies characters.
The good thing is when you have this kind of characters, your chance to win is better and it's worthy in the long run.
Just need to have good amount of money to invest, and time to fully understand the set up and to learn good strategy
to maximize your profits.
That's why you need to learn the cards effect so that you will know on what possible card to attack first when your opponent do something in their turns since knowing the weaknesses on each axies is a big plus since it can give huge damage to the opponent if you now how to placed your card properly. And expensive quality axies is really a must know specially in arena where the devs decide to put more rewards so expect that many people will adjust and became competitive.
I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.
It isn't just about skills but the quality of the axies that you'll have. The rarest and purest are the most expensive ones. During the gameplay, these axies have the advantage. No matter how strategic you are if your cards aren't that strong, you'll surely lose most of the time. You really have to spend so you'll have an advantage over your opponents.
There's a need of spending more in order to have a good edge against your opponents,
not just the strategy but the rare types of your axies characters.
The good thing is when you have this kind of characters, your chance to win is better and it's worthy in the long run.
Just need to have good amount of money to invest, and time to fully understand the set up and to learn good strategy
to maximize your profits.
For me I think it's more better than gambling i think this NFT is more like an investment though of course there's still a risk, I see some NFT that offers high APY and gets abandoned by their developers and some NFT that its coin crashes too bad for people who bought NFT characters when the price is high, so more likely there's a risk but unlike gambling in long term you can earn profit in NFT.
Dont know on how they do assess on making out comparison which is clearly and obviously different in terms of risk and possible interest or outcome that they could gain on engaging into it.
Its clear as day that NFT games give out some chance for you to earn even though it isnt instant but at least you could really get something on what you had invest compared when you do play luck based games.
Investment is totally different with pure gambling gaming.So you should consider on looking at those qualities first on which one you do really need.
So since we're at it, let's differentiate the three. Investments are pretty much planned out moves that you would do, expecting something would happen that has a solid indication and basis, ofc it has part guess but it's still supported by information and whatnot (Sports gambling could also be included here ngl). Its clear as day that NFT games give out some chance for you to earn even though it isnt instant but at least you could really get something on what you had invest compared when you do play luck based games.
Investment is totally different with pure gambling gaming.So you should consider on looking at those qualities first on which one you do really need.
NFT games are Play to earn type of games, they simply make you play while you earn. Now this may seem like a scam or whatnot, but it actually isn't. See, the reason why it wasn't made even back then was because of the "unlimited" supply these types of games have, but with the right control of the supply, the resources in these types of games could really have their value, especially if said control was also included in the mechanics of the game (Like how Axie's need SLPs to breed). Let's be real, for anyone that has played any type of MMOs, people selling gold (or any ig currency for real money) are dime in a dozen.
Gambling games are, in the truest sense, luck-based type of games that give you an amount of money depending on the conditions you applied for. Simple as that. It can definitely give you more than NFT games or investments, but it can also make you lose more. They have both their pros and cons and tbh, NFT games being considered gambling isn't exactly wrong since it may just turn out to be an exit scam, but let's be real, any type of investment being scam is always applicable, whether it be in stocks, crypto, NFT's, or gambling.
Taking that into account mostly when we deal with investment, we are risking our money. But the fact remains that in investing you are betting with your knowledge and the way you foreseen the future of certain assets, while when you are into classic gambling you are more into luck though there are also basis or some info that you can use but most of the time luck is the one that influenced the outcome.
Opinion probably base from how you understand what you are doing and how you interpret or believe the difference and similarities of the two venues.
Opinion probably base from how you understand what you are doing and how you interpret or believe the difference and similarities of the two venues.
That is the key. In knowledge. That difference you mention can be applied to many areas. Someone who buys shares, if he does so without knowledge, relying on the latest tip he has seen in a blog, is gambling. If he does it with great knowledge about the company and the market, he is investing. The same could be applied to poker, for example. If you play poker like you play roulette, you are gambling. So, yes, in NFT games it is perfectly possible to gamble.
I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.
It isn't just about skills but the quality of the axies that you'll have. The rarest and purest are the most expensive ones. During the gameplay, these axies have the advantage. No matter how strategic you are if your cards aren't that strong, you'll surely lose most of the time. You really have to spend so you'll have an advantage over your opponents.
They have to add feature of being viewable top games so that bookies will have their reference. I've seen Jihoz tweeted about different products so I think they're also thinking about it. Although, it's not included to the projects or products that he has posted but maybe there's an essence for it and they're looking after it too. But, they don't have to expose it right then.
On that part, we can't consider the gambling is not within the NFT games themselves.
If listed on betting sites, it's just the same as betting on sports. It's very different from what the topic is generalizing that NFT games are like gambling our money where in fact, it's not gambling after all since we are managing it and making sure that profits are sure.
What if the developers of the game like Axie will start to make their own PvP-betting platform and all you can bet, AXS, WETH, SLP and even our Axies. If the developers won't make such.
A casino that looks into it can make this very well. Just as the same as the Dota 2 lounge before when the items have been the bets, uncommon, commons, rare items that can be connected to the account and the same as the game of Axie. I think this is very possible and this is a truly gamble that involves huge amount of assets.
Possible but we dont know on what are theiir plans because its just too early to say that bookies would be listing out particular games knowing that Axie infinity isnt really still that big although they had currently A casino that looks into it can make this very well. Just as the same as the Dota 2 lounge before when the items have been the bets, uncommon, commons, rare items that can be connected to the account and the same as the game of Axie. I think this is very possible and this is a truly gamble that involves huge amount of assets.
1,200,000+ active users.Dont know if its accurate considering that some people does have multi-accounts or in forms of scholarship.
We are just way too far off with those possible events that might happen in the future.It will always vary on the demand and further developments would be seen
depending on how it would progress out.
Although, it's not included to the projects or products that he has posted but maybe there's an essence for it and they're looking after it too. But, they don't have to expose it right then.
There's possibility that they may venture into that path but still early to tell. Right now, gamers are enjoying this game because of the profits that they are getting into this platform. The number of users are quite big so high likely that pvp betting may emerge first. This is interesting though.
You are betting on the odds that the game's item that you own will be of much more value when you buy something in those NFT games so basically you are betting on the ods that aren't clearly specified but they exist.
It's quite hard to put this into classic gambling but gambling is most likely involved because the outcome of an item's value in the future is uncertain and it's similar to stocks.
And thats a form of investment rather talking it as a gambling game specifically and people should at least know the difference among the two and shouldnt really be compared since both are different things.It's quite hard to put this into classic gambling but gambling is most likely involved because the outcome of an item's value in the future is uncertain and it's similar to stocks.
Well, yes there might be some mixed of gamble since you are risking out your money on investing or buying these in-game items or something like that or simply with digital things but
you wouldnt know if these things will really be valuable later on or you would be simply just wasting off your time and money.
Taking that into account mostly when we deal with investment, we are risking our money. But the fact remains that in investing you are betting with your knowledge and the way you foreseen the future of certain assets, while when you are into classic gambling you are more into luck though there are also basis or some info that you can use but most of the time luck is the one that influenced the outcome.
Opinion probably base from how you understand what you are doing and how you interpret or believe the difference and similarities of the two venues.
What if the developers of the game like Axie will start to make their own PvP-betting platform and all you can bet, AXS, WETH, SLP and even our Axies. If the developers won't make such.
A casino that looks into it can make this very well. Just as the same as the Dota 2 lounge before when the items have been the bets, uncommon, commons, rare items that can be connected to the account and the same as the game of Axie. I think this is very possible and this is a truly gamble that involves huge amount of assets.
Possible but we dont know on what are theiir plans because its just too early to say that bookies would be listing out particular games knowing that Axie infinity isnt really still that big although they had currently A casino that looks into it can make this very well. Just as the same as the Dota 2 lounge before when the items have been the bets, uncommon, commons, rare items that can be connected to the account and the same as the game of Axie. I think this is very possible and this is a truly gamble that involves huge amount of assets.
1,200,000+ active users.Dont know if its accurate considering that some people does have multi-accounts or in forms of scholarship.
We are just way too far off with those possible events that might happen in the future.It will always vary on the demand and further developments would be seen
depending on how it would progress out.
Although, it's not included to the projects or products that he has posted but maybe there's an essence for it and they're looking after it too. But, they don't have to expose it right then.
You are betting on the odds that the game's item that you own will be of much more value when you buy something in those NFT games so basically you are betting on the ods that aren't clearly specified but they exist.
It's quite hard to put this into classic gambling but gambling is most likely involved because the outcome of an item's value in the future is uncertain and it's similar to stocks.
And thats a form of investment rather talking it as a gambling game specifically and people should at least know the difference among the two and shouldnt really be compared since both are different things.It's quite hard to put this into classic gambling but gambling is most likely involved because the outcome of an item's value in the future is uncertain and it's similar to stocks.
Well, yes there might be some mixed of gamble since you are risking out your money on investing or buying these in-game items or something like that or simply with digital things but
you wouldnt know if these things will really be valuable later on or you would be simply just wasting off your time and money.
You are betting on the odds that the game's item that you own will be of much more value when you buy something in those NFT games so basically you are betting on the ods that aren't clearly specified but they exist.
It's quite hard to put this into classic gambling but gambling is most likely involved because the outcome of an item's value in the future is uncertain and it's similar to stocks.
It's quite hard to put this into classic gambling but gambling is most likely involved because the outcome of an item's value in the future is uncertain and it's similar to stocks.
I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.
Axie game is a game that is quite popular for crypto lovers this year, and even many of its users dare to spend a lot of money to play on the game and in my opinion the game really provides a pretty fun playing experience, moreover we have many options to be able to get tokens , in a way that players can breed it, raise, and fight Axies in the universe.
I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.
Investing in NFT games especially in the new ones are like investing into meme coins.
For sure many invested into meme coins months ago right and many got their profits in a short amount of time. Unfortunately, many people lost their money too just by investing into those meme or shitcoins.
There is no difference here in NFT games. Investing into new NFT games is very risky and there will be some games who will make their way to rug pull but there are some who will continue their services and will become a successful NFT game. Investing in NFT games is for me considered gambling only if the game is new, kinda shady and not transparent. There are some NFT games out there who are established already like Axie Infinity.
For sure many invested into meme coins months ago right and many got their profits in a short amount of time. Unfortunately, many people lost their money too just by investing into those meme or shitcoins.
There is no difference here in NFT games. Investing into new NFT games is very risky and there will be some games who will make their way to rug pull but there are some who will continue their services and will become a successful NFT game. Investing in NFT games is for me considered gambling only if the game is new, kinda shady and not transparent. There are some NFT games out there who are established already like Axie Infinity.
Said it right! If you failed to ride with the hot projects then you lose your opportunities to earned a lot,
It's your own opinion if how you percepts this kind of investment no one will held responsible aside from yourself.
Comparing this new trend from all those past hot and coolest ways of investment, this one attracts more people, most
are those who don't have any idea about crypto, but due to playtoearn they are now inside this market.
Success depends from how you deal with your research and how willing you are to take the risk..
Investing in NFT games especially in the new ones are like investing into meme coins.
For sure many invested into meme coins months ago right and many got their profits in a short amount of time. Unfortunately, many people lost their money too just by investing into those meme or shitcoins.
There is no difference here in NFT games. Investing into new NFT games is very risky and there will be some games who will make their way to rug pull but there are some who will continue their services and will become a successful NFT game. Investing in NFT games is for me considered gambling only if the game is new, kinda shady and not transparent. There are some NFT games out there who are established already like Axie Infinity.
For sure many invested into meme coins months ago right and many got their profits in a short amount of time. Unfortunately, many people lost their money too just by investing into those meme or shitcoins.
There is no difference here in NFT games. Investing into new NFT games is very risky and there will be some games who will make their way to rug pull but there are some who will continue their services and will become a successful NFT game. Investing in NFT games is for me considered gambling only if the game is new, kinda shady and not transparent. There are some NFT games out there who are established already like Axie Infinity.
~snip~
To be honest I believe that all those who have invested in Axie earlier this year have had take already their return of investment because this year this NFT game have made a remarkable skyrocket price. I think way back at the earlier days of this year the axie pet price wasn't that cost much but now the floor price triple compare to the last time I bought and it is not a joke to invest in this NFT game because it really need a huge amount but on the other hand it is worth but since the value of SLP today is dropped I don't know how long will take to get ROI of those late investors but still the token has a value and that is fair enough so i don't see any high risks in NFT to be honest.
Well, that still depends on the investor's risk appetite. If he thinks that the risk has now doubled this I guess staying out of it is the better choice. If an investor had his due diligence before putting his money to Axie, then I guess he'd have a better chance of getting into the game regardless of SLP's value.
Remember alts in the market had their corrections. Besides, SLP was below $0.11 back in March and that was the time when Axie became very popular. I am still optimistic that SLP will bounce back on the latter when the reward halving takes effect.
If you're talking about years, most probably majority of the players have already made huge ROI.
I agree, Axie's price is no joke for a single team, but the amount of ROI is achievable in a 2 month maximum span.
I have seen people investing to Axie, they haven't lost their investment because the value of SLP or AXS has dropped or Axie itself has collapsed, but because they don't have the basic idea how seed phrases worked and they got scammed by phishing website and fake wallets.
If you're talking about the sustainability of the game, then I can guarantee you it will last longer than you expect. Maybe the SLP or AXS will gradually drop it's value but the game is still there. Also, the devs are trying everything they can to make the game economy sustainable in the long run. So, I don't see any "high gamble-like risk" in this game.
To be honest I believe that all those who have invested in Axie earlier this year have had take already their return of investment because this year this NFT game have made a remarkable skyrocket price. I think way back at the earlier days of this year the axie pet price wasn't that cost much but now the floor price triple compare to the last time I bought and it is not a joke to invest in this NFT game because it really need a huge amount but on the other hand it is worth but since the value of SLP today is dropped I don't know how long will take to get ROI of those late investors but still the token has a value and that is fair enough so i don't see any high risks in NFT to be honest.
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