Are NFT games also another way to gamble your money? - page 7.

aioc

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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?

I invested in Splinterlands and DPET but not to evolve my cards and pets I invested because I know that there will be demand in the market once the games took off, so in my part, I consider this gambling because I expect to profit from my investment if I am dedicated to leveling up my pets and playing to enjoy then it's more on a recreation for me, not gambling ort investment.

carlfebz2

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Quote from: livingfree on August 17, 2021, 06:13:52 PM

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
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.

livingfree

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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.

Kyraishi

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Quote from: Oasisman on August 17, 2021, 02:30:56 AM

I can personally testify to that as well.
I had my first Axie team back in June (considered to be a late entry when Axie become a big hit in March) for approximately $800 including gas fees and SLP was around $0.1. After more than 2 weeks of playing, I was able to cash out $1,200 as the SLP had a run to break a new ATH early in July.
See, in just less than a month I was able to take back my capital investment plus an extra ROI.

Again, there is a difference between a literal gambling and investing in NFT games. Some people seems to be confusing themselves between gambling and investment.

But what intrinsic value are there in NFTs?

If a particular purchase of an asset does not have any cash flows/utility to back it up, then it should be considered to be a speculation - which is essentially financial gambling.

No matter how you try to frame it, picking certain NFTs and not others without any specific insight into which ones have utility and which ones don't constitutes gambling. Period.

dunfida

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Quote from: Fredomago on August 17, 2021, 12:26:47 PM

Quote from: Oasisman on August 17, 2021, 02:30:56 AM

I can personally testify to that as well.
I had my first Axie team back in June (considered to be a late entry when Axie become a big hit in March) for approximately $800 including gas fees and SLP was around $0.1. After more than 2 weeks of playing, I was able to cash out $1,200 as the SLP had a run to break a new ATH early in July.
See, in just less than a month I was able to take back my capital investment plus an extra ROI.

Again, there is a difference between a literal gambling and investing in NFT games. Some people seems to be confusing themselves between gambling and investment.

Good for you, and till now if you still piloting your character you continue to earn and that's all passive income for you.

Taking part with NFT games like Axie really pay decently, though for now those who have that same desire need to invest a huge amount of money to have a good starter pack to begin their journey.

There's always a risk, but if you have a strong nerved and you believe to your instinct whatever happened you'll going to take your step.

If you do like to have some improvement into your life in terms of finances then you should really take some risky step even though gambling out some funds for the sake of investment.

You wouldnt know if it would be effective or not or would turns out to be profitable or not.On this case, there are lots of people who took the risk on buying their teams and turns out on hitting ROI after a month

which i can really consider to be worth since on the next month you are already just longing for your pure profit since you had already ensured your capital which is a must or priority thing.

passwordnow

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Quote from: maju69 on August 17, 2021, 11:33:47 AM

You are right, caution is needed, we are still enjoying the game, but we must pay attention to the security aspects of prolonged transactions. Usually this kind of condition is not just an NFT Hype and then people use it to make more money than launching an NFT which can generate profits quickly but doesn't last long. The reputation of the game that guarantees and is widely trusted is certainly better and provides security for its users.

People are staying because they're taking the benefits, whether it's an NFT game or any other means of giving sustainable profits, they'll stay. And the consideration of gambling on it is through the volatility and hype, the risk it gives to every person that wants to come in.
As long as the developers know how to adjust to its economy and game sustainability, it will continue. And if they're thoughtful and caring for their players, they will always look at the idea of win-win for them and as well as their players/investors.

Fredomago

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Quote from: Oasisman on August 17, 2021, 02:30:56 AM

I can personally testify to that as well.
I had my first Axie team back in June (considered to be a late entry when Axie become a big hit in March) for approximately $800 including gas fees and SLP was around $0.1. After more than 2 weeks of playing, I was able to cash out $1,200 as the SLP had a run to break a new ATH early in July.
See, in just less than a month I was able to take back my capital investment plus an extra ROI.

Again, there is a difference between a literal gambling and investing in NFT games. Some people seems to be confusing themselves between gambling and investment.

Good for you, and till now if you still piloting your character you continue to earn and that's all passive income for you.

Taking part with NFT games like Axie really pay decently, though for now those who have that same desire need to invest a huge amount of money to have a good starter pack to begin their journey.

There's always a risk, but if you have a strong nerved and you believe to your instinct whatever happened you'll going to take your step.

maju69

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Quote from: stomachgrowls on August 15, 2021, 03:06:05 PM

Quote from: maju69 on August 15, 2021, 11:24:41 AM

Quote from: herurist on August 14, 2021, 10:06:57 PM

Quote from: Johnyz on August 14, 2021, 12:22:34 PM

I’d rather invest on a project that is more liquid because I want to get back my capital as soon as possible, this can only be considered as gambling if you took the risk but if not, there’s nothing to worry. Axie should be more stable and go for more liquidity, we all here for profit and fun as bonus.

this is a different perspective from everyone, everyone is free to express and make an opinion about this but the rest is true if axie is less liquid but on other disks they have their own features that can make fans comfortable here.
apart from that it's everyone's opinion. and everyone is free to express anything including opinions here

However, when on the NFT list, the number one reputation is Axie Infinity, although many say it is less liquid, etc., of course almost many users can still enjoy the game there.
Even though all lists have dominated many gamers, some news on social media is back to being busy talking about them.

Most of those who are on top ranking is just new NFT games which it isnt incomparable with Axie inifinity since its already a year old game and it is just really able to get some attention too much on this year thats
why it did really make out that significant rise up into its price which does signify that there are lots whom do really love this game.Although you do need to invest for you to earn.ROI is somewhat fast
compared to other legit businesses out there but we know the risk.

New games now are making out some noise because of fast roi and big earnings but the risk is way more higher since there are already some games turns out to be a scam which is only good for a week.

So always take caution on dealing with new games that having that play to earn feature but actually you do really need to invest first.

You are right, caution is needed, we are still enjoying the game, but we must pay attention to the security aspects of prolonged transactions. Usually this kind of condition is not just an NFT Hype and then people use it to make more money than launching an NFT which can generate profits quickly but doesn't last long. The reputation of the game that guarantees and is widely trusted is certainly better and provides security for its users.

carlisle1

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Quote from: yazher on August 17, 2021, 02:53:20 AM

As days pass, I understand now that NFT is not gambling except if you invest in a shady project that has no transparency.

A very big difference if you successfully invest with the right NFT assets, those who came up first with AXIE and CryptoBlade are all gainers

even CryptoBlade is not the same as it was few weeks back.

Quote

As of now, I already get half of my ROI in the 4 NFT games that I invested and the games are still running and when I get the other half of my ROI, the rest are fully profits.

Same with me, still kicking and looking forward that the game will continue and even the rewards is no longer good as long as the team still
allowing players to play still better than nothing at all.

Quote

What I did was I didn't put my NFT games capital in one basket rather I spread it in multiple games that have the potential to grow like Axie Infinity.

Got to admit that for me Axie is no longer possible, don't have that such amount of investment capital.

yazher

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Quote from: Oasisman on August 17, 2021, 02:30:56 AM

I can personally testify to that as well.
I had my first Axie team back in June (considered to be a late entry when Axie become a big hit in March) for approximately $800 including gas fees and SLP was around $0.1. After more than 2 weeks of playing, I was able to cash out $1,200 as the SLP had a run to break a new ATH early in July.
See, in just less than a month I was able to take back my capital investment plus an extra ROI.

Again, there is a difference between a literal gambling and investing in NFT games. Some people seems to be confusing themselves between gambling and investment.

As days pass, I understand now that NFT is not gambling except if you invest in a shady project that has no transparency. As of now, I already get half of my ROI in the 4 NFT games that I invested and the games are still running and when I get the other half of my ROI, the rest are fully profits. What I did was I didn't put my NFT games capital in one basket rather I spread it in multiple games that have the potential to grow like Axie Infinity.

Oasisman

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Quote from: Fredomago on August 16, 2021, 05:48:55 PM

Quote from: Oasisman on August 16, 2021, 07:57:33 AM

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.

That hope brings people after hearing that in 2 months you can earn back your initial investment, and from how I hear it from those close friends that I know, they are living proof that the game really rewards those early birds who take that big risk
investing in this game.

I can personally testify to that as well.
I had my first Axie team back in June (considered to be a late entry when Axie become a big hit in March) for approximately $800 including gas fees and SLP was around $0.1. After more than 2 weeks of playing, I was able to cash out $1,200 as the SLP had a run to break a new ATH early in July.
See, in just less than a month I was able to take back my capital investment plus an extra ROI.

Again, there is a difference between a literal gambling and investing in NFT games. Some people seems to be confusing themselves between gambling and investment.

Fredomago

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Quote from: Oasisman on August 16, 2021, 07:57:33 AM

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.

That hope brings people after hearing that in 2 months you can earn back your initial investment, and from how I hear it from those close friends that I know, they are living proof that the game really rewards those early birds who take that big risk
investing in this game.

Quote

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.

SLP and AXS are cryptos and the nature of this market still volatile, but the game itself and with how the dev are working to make sure that the server will continue to facilitate, something that we can look forward.

DoublerHunter

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Quote from: 7788bitcoin on August 15, 2021, 12:47:04 PM

Quote from: UmerIdrees on August 15, 2021, 05:27:31 AM

Axie Infinity has been on the top of it when it comes to Return on Investment. So you should hold this coin for long term prospective.

I missed the new trend and i am literally furious as i did not expect projects like these to pop up after i have seen the ICO fiasco which was good in the beginning but then end up as the biggest shit show. First time i am hearing about Axie Infinity and the ROI of interest is said to be 65492.42% in the last 9 months which is really crazy .

^ Sometimes I have doubted the hype of this NFT game, it seems like there is someone who manipulating the price. It is really insane to think of the very expensive item on each game and I think this is not on a game, it could be others can able to trade on other players their valuable items. So it is really considerable that you gamble your money here while you are fully entertaining the game. Because that is an investment that is something you risk and it could be while in the arena, there is a betting that happens. Every e-games or e-games will most likely be to gamble your money.

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Quote from: TimeTeller on August 16, 2021, 08:08:55 AM

Quote from: carlisle1 on August 16, 2021, 06:52:17 AM

Quote from: Wexnident on August 16, 2021, 05:28:24 AM

Quote from: South Park on August 14, 2021, 05:30:57 PM

To me I think that the games that the OP is referencing fulfill the conditions of being a gambling game, many times people say that those that are not following any kind of strategy when they invest are gambling, but that is not true because with gambling you need to also get some fun in the process, and to me the games that are being referenced qualify as gambling games, personally I will not recommend anyone to have any expectation of eventually making their money back but if they want to get some fun maybe the games could be worth it.

Have you ever tried it? Or any other RPG game with its own economy for that matter? I've tried myself a few NFT games (Axie infinity being the most famous out of most of them) and I can say for myself, it isn't a gamble. A gamble is something where the chance of winning is 50/50. NFT games are not, they're play to earn type of games, you earn as long as you play it. I myself have gotten a ROI of around 500%? (Invested around $400, im sitting at $2000 right now, including the value of the stuff I use to play the games with) in around 3 months only. You can even use the game to trade, buying good items and whatnot that you think would rise in price later on.

That's a wow and really good way of investing your money,

there are people who still gaining more and still moving forward using this new venue of investment, they seen good opportunities after the success of someone who already inside this play to earn games.

in your case, 500% and still holding your characters really worthy if they are saying that you are into gambling right?

That kind of return is not easy in gambling. The usual scenario is you will lose all those 400 bucks in one sitting if you don't know how to control yourself.
This is another gaming system that can really give you high profits, that is, if you choose a reliable and worthy platform.
I believe, not all NFT-based games can produce such interest to the community and can give you good returns.
But the risk here is quite low as compared to luck-based games. If you know what you are doing as a player, this will be a very good source of income for players.

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.

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Quote from: Wexnident on August 16, 2021, 05:28:24 AM

Quote from: South Park on August 14, 2021, 05:30:57 PM

To me I think that the games that the OP is referencing fulfill the conditions of being a gambling game, many times people say that those that are not following any kind of strategy when they invest are gambling, but that is not true because with gambling you need to also get some fun in the process, and to me the games that are being referenced qualify as gambling games, personally I will not recommend anyone to have any expectation of eventually making their money back but if they want to get some fun maybe the games could be worth it.

Have you ever tried it? Or any other RPG game with its own economy for that matter? I've tried myself a few NFT games (Axie infinity being the most famous out of most of them) and I can say for myself, it isn't a gamble. A gamble is something where the chance of winning is 50/50. NFT games are not, they're play to earn type of games, you earn as long as you play it. I myself have gotten a ROI of around 500%? (Invested around $400, im sitting at $2000 right now, including the value of the stuff I use to play the games with) in around 3 months only. You can even use the game to trade, buying good items and whatnot that you think would rise in price later on.

Wow, I didn't know that people could make that kind of money from the game. I heard way back when it first started there was a lot of attention from a certain nation where the salaries were so low that people gamed on axie and made enough money to be considered a salary. $1500 profit in 3 months means about 500 per month income and that's not bad, not enough for salary in most places but even in huge nations like USA there could be kids that could play and $500 per month is not a bad amount for kids there, let alone adults in most nations.

If you put in a lot more money in, like let's say 5k dollars into it, could you make more money accordingly? Like instead of putting $400 and getting $2000 can I put 4k and make 20k? If that is possible then I am pretty sure I now understand the whole point of why Axie got so famous. No idea how people make that money, but if they do then it is really great.

TimeTeller

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Quote from: carlisle1 on August 16, 2021, 06:52:17 AM

Quote from: Wexnident on August 16, 2021, 05:28:24 AM

Quote from: South Park on August 14, 2021, 05:30:57 PM

To me I think that the games that the OP is referencing fulfill the conditions of being a gambling game, many times people say that those that are not following any kind of strategy when they invest are gambling, but that is not true because with gambling you need to also get some fun in the process, and to me the games that are being referenced qualify as gambling games, personally I will not recommend anyone to have any expectation of eventually making their money back but if they want to get some fun maybe the games could be worth it.

Have you ever tried it? Or any other RPG game with its own economy for that matter? I've tried myself a few NFT games (Axie infinity being the most famous out of most of them) and I can say for myself, it isn't a gamble. A gamble is something where the chance of winning is 50/50. NFT games are not, they're play to earn type of games, you earn as long as you play it. I myself have gotten a ROI of around 500%? (Invested around $400, im sitting at $2000 right now, including the value of the stuff I use to play the games with) in around 3 months only. You can even use the game to trade, buying good items and whatnot that you think would rise in price later on.

That's a wow and really good way of investing your money,

there are people who still gaining more and still moving forward using this new venue of investment, they seen good opportunities after the success of someone who already inside this play to earn games.

in your case, 500% and still holding your characters really worthy if they are saying that you are into gambling right?

That kind of return is not easy in gambling. The usual scenario is you will lose all those 400 bucks in one sitting if you don't know how to control yourself.
This is another gaming system that can really give you high profits, that is, if you choose a reliable and worthy platform.
I believe, not all NFT-based games can produce such interest to the community and can give you good returns.
But the risk here is quite low as compared to luck-based games. If you know what you are doing as a player, this will be a very good source of income for players.

Oasisman

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Quote from: tippytoes on August 15, 2021, 06:58:32 PM

Quote from: goinmerry on August 15, 2021, 06:48:16 PM

Quote from: UmerIdrees on August 15, 2021, 05:27:31 AM

Axie Infinity has been on the top of it when it comes to Return on Investment. So you should hold this coin for long term prospective.

You won't reach your ROI and profit if you will just hold. AXS should be spent so the circulation will be healthy.

Their in-game currency SLP is the one that shouldn't be sold always as there's no other way of burning it aside from the breeding part of the game. That token has infinite supply so their community should also help to balance the SLP spendings while devs are working on other ways to use that token in-game.

I have looked into Axie, and buying their Axies is no joke. I just hope that the price of their items is really justified by how it will turn out in the next coming years. The worry about its longevity in the market is always there. So joining this kind of game, you should know the repercussions and possible turn out of events. In a way, this is already a gamble for the player.

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.

carlisle1

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Quote from: Wexnident on August 16, 2021, 05:28:24 AM

Quote from: South Park on August 14, 2021, 05:30:57 PM

To me I think that the games that the OP is referencing fulfill the conditions of being a gambling game, many times people say that those that are not following any kind of strategy when they invest are gambling, but that is not true because with gambling you need to also get some fun in the process, and to me the games that are being referenced qualify as gambling games, personally I will not recommend anyone to have any expectation of eventually making their money back but if they want to get some fun maybe the games could be worth it.

Have you ever tried it? Or any other RPG game with its own economy for that matter? I've tried myself a few NFT games (Axie infinity being the most famous out of most of them) and I can say for myself, it isn't a gamble. A gamble is something where the chance of winning is 50/50. NFT games are not, they're play to earn type of games, you earn as long as you play it. I myself have gotten a ROI of around 500%? (Invested around $400, im sitting at $2000 right now, including the value of the stuff I use to play the games with) in around 3 months only. You can even use the game to trade, buying good items and whatnot that you think would rise in price later on.

That's a wow and really good way of investing your money,

there are people who still gaining more and still moving forward using this new venue of investment, they seen good opportunities after the success of someone who already inside this play to earn games.

in your case, 500% and still holding your characters really worthy if they are saying that you are into gambling right?

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Quote from: South Park on August 14, 2021, 05:30:57 PM

To me I think that the games that the OP is referencing fulfill the conditions of being a gambling game, many times people say that those that are not following any kind of strategy when they invest are gambling, but that is not true because with gambling you need to also get some fun in the process, and to me the games that are being referenced qualify as gambling games, personally I will not recommend anyone to have any expectation of eventually making their money back but if they want to get some fun maybe the games could be worth it.

Have you ever tried it? Or any other RPG game with its own economy for that matter? I've tried myself a few NFT games (Axie infinity being the most famous out of most of them) and I can say for myself, it isn't a gamble. A gamble is something where the chance of winning is 50/50. NFT games are not, they're play to earn type of games, you earn as long as you play it. I myself have gotten a ROI of around 500%? (Invested around $400, im sitting at $2000 right now, including the value of the stuff I use to play the games with) in around 3 months only. You can even use the game to trade, buying good items and whatnot that you think would rise in price later on.

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Quote from: danherbias07 on August 15, 2021, 10:19:05 PM

Your in profits now if you bought DPET at last May 2021. The price is just $0.4 when I bought lots of it. It means, you don't really have to play the game and is already up by 6 more dollars each. I already took my ROI here from selling some of my DPET coins, just to be sure if something bad happens it will not hurt much.
Although, I still want to see where the game will go that's why I used some to buy pets in game. It is a gamble, that's true and sometimes it depends on the hype it could create to maneuver the value to a its peak.
Asian countries mostly support this kind of industry and if you are seeking to find new NFT gems you will need to follow their trend.

I was late buying it, only a week it made a dip at $2 back then but it took me a week before I funded my wallet and by then the amount doubled but I'm glad that I manage to buy 5 DPETS for a start and level up my pets, I consider NFT games gambling, people are getting in and buying pets because they are hoping that it will imitate or even surpass the success of AXIE, I read in one DPET groups that people are making a loan or withdrawing their savings just to buy pets and level them so they can regain their investment when the project roll up the play to earn.

So many players are hoping and praying that this is the next big thing in Play to earn all of us will have to wait last quarter to see its potential and if we made the right decision to invest here, it really is gambling for me.

Topic: Are NFT games also another way to gamble your money? - page 7. (Read 2292 times)