What is your perception about crypto games?

Kemarit

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Quote from: letteredhub on September 03, 2023, 04:51:02 AM

There are varied crypto games we tend to be fond of that does rely on bullrun to maintain playbase. Another words they perform fine in bull market.

What are your views or perceptions about such games.

Sorry to burst the bubble, but I don't think that crypto based gambling site or gamblers themselves rely on crypto's bull run to continue with their habits. Even at the bear market you will continue to see gamblers seeking fun and entertainment.

So regardless of what cycle we are in, gamblers will be gamblers. Not sure where you get this observation though. On the contrary, gamblers might play more on the bear market as the price is at a low as compare to a bull run wherein the price goes up and so is the transaction fees, although we have seen in right now like in BTC because of Ordinals and BRC-20.

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Quote from: letteredhub on September 03, 2023, 04:51:02 AM

There are varied crypto games we tend to be fond of that does rely on bullrun to maintain playbase. Another words they perform fine in bull market.

What are your views or perceptions about such games.

I suspect you are asking if the bull affects the crypto gambling market. During the bull run, there is a high probability that gamblers might have so much money to spend on gaming. This will lead to an increase in the customer base of many casinos. Casinos can also develop or come up with tokens that could also be profitable. My explanation is just based on my personal views because no research backs it up.

Quote from: mirakal on September 17, 2023, 05:12:58 AM

You’re exactly right in there. The bearish or bullish market does not determine whether these crypto games may probably decrease its value or not. But as long as there are crypto games lovers that consistently play on them, these types of games will never be gone out in the market. And if ever they will, only the gambling sites will feel it and will highly be affected.

Casinos will always attract more gamblers if they offer quality service. And gamblers will always gamble because it entertains and always gives money. So running a casino might be profitable during the bear run. Maybe more research in this topic will expose more about the effect of both runs.

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Quote from: letteredhub on September 03, 2023, 04:51:02 AM

There are varied crypto games we tend to be fond of that does rely on bullrun to maintain playbase. Another words they perform fine in bull market.

What are your views or perceptions about such games.

I believe I'm hearing this for the first time, I've been using gambling for years now and I've used a few crypto casinos to gamble but it hasn't occured to me yet that the volatility of the crypto market has the ability to affect the effectiveness or functionality of the crypto casinos. I don't know if that's true or not and I stand to be corrected but I really don't see how the bullish or bearish market affects crypto gambling.

Let's say Sports betting for instance, which is where I prefer to bet on the most, all I know is choosing from the variety of market options provided on the site, make your stake and according to your chosen odds and then wait for the result. You get paid if you win and if you loss you're not, so I'm still wondering how the bullish and bearish market affects this. Or is there something I'm missing out?

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Quote from: Westinhome on October 02, 2023, 12:13:51 PM

Quote from: Nazmul012 on September 21, 2023, 06:17:26 PM

We gamblers tend to be fond of crypto gaming cause crypto is the most easiest payment method where only we have full control over our capital in comparison with others payment methods where account restriction, kyc and so many problem need to be face. But op, i haven't seen any crypto based gaming platform yet which differ bullish and bearish session to continue their service. My perception about them is, such platforms treat their users equally no matter bull or bear is underway. Cause they can easily handle bear session by converting or trading crypto, or staking crypto with other place and so many ways. So there is no such thing what you are thinking about. "rather it depends on how good their service is" in my perception.

The crypto games help the games to earn more win as compared the normal fiat based gambling.If the gambler had received the fiat after the winning,the fiat remain same after holding of 6 month of that fiat in the gambling site.But the winning from the gambling site if as the cryptocurrency,if the gambler hold that cryptocurrency for the same period of six months will double the holding crypto currency into the dollars.This was the unique feature of the crypto based gambling as compared to fiat based gambling.The gambler can withdraw the funds to their crypto wallet and convert to fiat on their dependency.

though there is advantage of that volatility factor in crypto, however, how many do you think can wait up to 6 months before cashing out their winnings or money from the casino? as we don't know when will the price of btc go up, most gamblers i believe are already cashing out right after their winnings. but sure, the volatility aspect is one good feature of btc as you can gain good profits if luckily, you cash out when btc is in the rising position. it may be an advantage when crypto market is in bullish run, however, you are at disadvantage when you happen to cash out during bearish season.

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Quote from: maydna on September 07, 2023, 12:34:02 PM

Quote from: JahriMeayer on September 07, 2023, 04:15:49 AM

Those online crypto gaming platform does not only depends on bullrun to maintain their playbase, it is not like they close their platform in bear market to avoid loss?

It will be difficult for us to choose the games because if they depend on the bullish season, then when the bearish season comes and closes the game, what happens to the investors or the players? Will they make a loss or can they still play the game while waiting for the bullish season to come again?

mate already shared my opinion about how online crypto games works. Authority doesn't depends on bull session to continue their playbase. So they don't need to to shut down or closes games. I think gamblers don't need to worry about their fund regarding this matter. They should focus on how trusted that gaming website is! Moreover it depends on their service, support if gamblers or investors would join a gaming websites or not. I already joined so many such kind of crypto gaming websites. Bull, bear doesn't matter for authority actually cause they can handle such circumstances easily IMHO

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Quote from: Nazmul012 on September 21, 2023, 06:17:26 PM

We gamblers tend to be fond of crypto gaming cause crypto is the most easiest payment method where only we have full control over our capital in comparison with others payment methods where account restriction, kyc and so many problem need to be face. But op, i haven't seen any crypto based gaming platform yet which differ bullish and bearish session to continue their service. My perception about them is, such platforms treat their users equally no matter bull or bear is underway. Cause they can easily handle bear session by converting or trading crypto, or staking crypto with other place and so many ways. So there is no such thing what you are thinking about. "rather it depends on how good their service is" in my perception.

The crypto games help the games to earn more win as compared the normal fiat based gambling.If the gambler had received the fiat after the winning,the fiat remain same after holding of 6 month of that fiat in the gambling site.But the winning from the gambling site if as the cryptocurrency,if the gambler hold that cryptocurrency for the same period of six months will double the holding crypto currency into the dollars.This was the unique feature of the crypto based gambling as compared to fiat based gambling.The gambler can withdraw the funds to their crypto wallet and convert to fiat on their dependency.

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We gamblers tend to be fond of crypto gaming cause crypto is the most easiest payment method where only we have full control over our capital in comparison with others payment methods where account restriction, kyc and so many problem need to be face. But op, i haven't seen any crypto based gaming platform yet which differ bullish and bearish session to continue their service. My perception about them is, such platforms treat their users equally no matter bull or bear is underway. Cause they can easily handle bear session by converting or trading crypto, or staking crypto with other place and so many ways. So there is no such thing what you are thinking about. "rather it depends on how good their service is" in my perception.

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Quote from: Apocollapse on September 16, 2023, 08:23:38 AM

Quote from: ethereumhunter on September 16, 2023, 07:07:55 AM

But if you refer to @OP's reply, it is a Play to Earn game. I'm not familiar with such games and have never played them. For now, I don't want to play it. But it seems like there are people who are still playing it so they can get the rewards.

Play to earn game is already dead from the last year, although we can still play such game but if you hope you can make money from it, you can't. This is because there are too many people and the valuable item is unlimited, this make the price always decrease and then become worthless.

Pretty much like shitcoins where you can stake your coins in order to earn more coins, but the price of the coins are keep decreasing.

Even though it is dead, I still saw someone live-streaming it on some social media sites. I guess they are only doing that for fun and to possibly receive some gifts from their viewers. If what you said is the cause of their downfall, then why can't the developer create more valuable items like on what we see in a normal crypto project?

Sometimes they have billions or trillions of supply. I don't think that won't still be enough to cater a massive amount of players. And I thought if there are less supply and more demand, the price of the asset will increase too much, not decrease? Or maybe the devs became greedy because actually a lot of them did start well but later on fell down.

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Quote from: mirakal on September 17, 2023, 05:12:58 AM

Quote from: Oshosondy on September 03, 2023, 04:55:09 AM

I do not understand what you mean that some games do and do not rely on bull run. What I know is that there are many gambling sites on this forum that may not make money in bear market time unlike the bullish time if both are compared. Bullrun or bear market does not affect any game. But if it affects any game, the gambling site will be the one that will know better, not the gamblers.

You’re exactly right in there. The bearish or bullish market does not determine whether these crypto games may probably decrease its value or not. But as long as there are crypto games lovers that consistently play on them, these types of games will never be gone out in the market. And if ever they will, only the gambling sites will feel it and will highly be affected.

I don't know if you guys understand this or not but a crypto or blockchain game doesn't have anything to do with a casino because those games are not played in casinos but they have their own projects and platforms where users play the games, an example of a blockchain or crypto game is Axie Infinity, it is one of the most popular blockchain games that is played by thousands of people around the globe and they also earn money by playing that game.

So, if we talk about bull and bear markets and their effects on these games, then we need to understand that market conditions do affect the profitability of the games for the players because they earn tokens by playing the game and if the market is down, the tokens will obviously be sold at a lower price.

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Quote from: Oshosondy on September 03, 2023, 04:55:09 AM

I do not understand what you mean that some games do and do not rely on bull run. What I know is that there are many gambling sites on this forum that may not make money in bear market time unlike the bullish time if both are compared. Bullrun or bear market does not affect any game. But if it affects any game, the gambling site will be the one that will know better, not the gamblers.

You’re exactly right in there. The bearish or bullish market does not determine whether these crypto games may probably decrease its value or not. But as long as there are crypto games lovers that consistently play on them, these types of games will never be gone out in the market. And if ever they will, only the gambling sites will feel it and will highly be affected.

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Crypto gaming allows players to exchange real money for virtual coins at the start of their gaming session which they can exchange for real money at the end of their session. This means that the winnings are not paid out in real money, but in the same virtual currency that players deposited at the beginning of their session. While these are good at the beginning, they are risky later on. The value of cryptocurrencies can be highly volatile leading to unpredictable fluctuations in the value of virtual assets. Gamers investing time and resources in these assets may face potential windfalls due to market volatility. As the price of bitcoin and ethereum coins go up and down you can only win more but it is impossible to avoid losses if you risks while playing.

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Quote from: Apocollapse on September 16, 2023, 08:23:38 AM

Play to earn game is already dead from the last year, although we can still play such game but if you hope you can make money from it, you can't. This is because there are too many people and the valuable item is unlimited, this make the price always decrease and then become worthless.

Pretty much like shitcoins where you can stake your coins in order to earn more coins, but the price of the coins are keep decreasing.

I guess so. But maybe there are still people still interested in playing it, not because of the rewards, income, or anything else. Well, maybe they feel the game is still fun and they can enjoy the game well.

When a trend is over, it is abandoned by people so they wait for another trend that can provide something useful for them. Apart from that, they may collect prizes from the game while hoping that one day, they can get big profits again.

We also can't force them to abandon something they like just because another has replaced the trend. It depends on them and maybe they will follow other trends.

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Quote from: ethereumhunter on September 16, 2023, 07:07:55 AM

But if you refer to @OP's reply, it is a Play to Earn game. I'm not familiar with such games and have never played them. For now, I don't want to play it. But it seems like there are people who are still playing it so they can get the rewards.

Play to earn game is already dead from the last year, although we can still play such game but if you hope you can make money from it, you can't. This is because there are too many people and the valuable item is unlimited, this make the price always decrease and then become worthless.

Pretty much like shitcoins where you can stake your coins in order to earn more coins, but the price of the coins are keep decreasing.

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Quote from: kojektea on September 07, 2023, 05:02:02 PM

it's still trading, not a game. I think it has goods to trade right? like you buy bitcoin when bullish it has transactions, it's not like a game that really means you spend your money just to play even though you are offered benefits from the game, whether it's in the form of money or items in the game it's still not something you can own like personal stuff, it remains in the realm of that game.

Even though it was a trade, it seemed like someone was making it into a gamble. They win and get their money by guessing where the bitcoin is moving and if the guess is correct. And maybe it will be more interesting for gamblers because they have to be able to analyze price movements correctly to win. And maybe someone will be interested in playing it.

But if you refer to @OP's reply, it is a Play to Earn game. I'm not familiar with such games and have never played them. For now, I don't want to play it. But it seems like there are people who are still playing it so they can get the rewards.

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Quote from: letteredhub on September 03, 2023, 04:51:02 AM

There are varied crypto games we tend to be fond of that does rely on bullrun to maintain playbase. Another words they perform fine in bull market.

What are your views or perceptions about such games.

Your question is quite obscure to answer. I suggest that you're mentioning about the next bullrun cycle of crypto market. And I think the cryptocurrency market is not a game anymore. It's gradually following the financial market, and maybe in few years later it can be affected directly to the financial market and large organizations. And with any market all have bear and bull period times, it's really normal, bear periods is a base time to built up the next bullrun periods.

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it's still trading, not a game. I think it has goods to trade right? like you buy bitcoin when bullish it has transactions, it's not like a game that really means you spend your money just to play even though you are offered benefits from the game, whether it's in the form of money or items in the game it's still not something you can own like personal stuff, it remains in the realm of that game.

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Quote from: Yatsan on September 06, 2023, 11:12:43 AM

Quote from: letteredhub on September 04, 2023, 05:16:25 PM

Quote from: passwordnow on September 04, 2023, 04:21:00 AM

Were there certain games that you've observed that don't have a good performance since you mentioned the bull run and how it looked like during that time? Please specify as well if these "crypto games" you're saying are the actual ones that we get from the casinos.

There's the confusing terms that we're using on this space that when you say that, you can possibly talking about the NFT or games that allows you to earn crypto or tokens and the same goes for these gambling games. The perception that you might have been asking varies on person to person based on what it is but to prolong the discussion, you just need to discuss and clarify some things.

I am not by any means trying to advertise any these but for the sake of clarity to the discuss. Here's a link to the crypto games am asking https://dappradar.com/tag/play-to-earn?gclid=Cj0KCQjwgNanBhDUARIsAAeIcAts-Xvi1wiZkpPs0kENByxgj5oQkaHB69EinhmXwpX6thewvaq-0UEaArkQEALw_wcB

Many of us are confused of what you are trying to point out. A gambling game which is dependent with bullrun? Others have guessed it right, it is more likely Play to earn games wherein tokens are the main prize in which value increases as well. Not quite familiar with the game you are talking about but I have tried playing some p2e games last year so I kinda get your point.

On my end, I think I'd pass with such concept. One reason is bigger risk. If it is a gambling p2e game, you will have to deal with the risk of losing in game and risk of losing whenever the market price is falling. But since bullrun is mentioned, still a no. There's no guarantee that all coins would have a high price during bullrun, what's assured is majority. So what if it don't?

Almost certain he is talking about blockchain, p2p games in general. And he is actually right, because those games perform well when we are near or inside a bullish market. Then we have many games pumping their native tokens, players' base increasing exponentially in a daily basis and a lot of hype over those games, especially at news' portals related to crypto content. The best example we have is Axie Infinity, and even though the game still exists, is playable and there are people developing it, the popularity has decreased immensely.

Probably on the next bull run we are going to have another games getting popular, and of course one of them will rise as the favorite one, but players and investors have to keep in mind it's just a temporary hype, like the previous ones. So, be careful when putting large sums of money on it, and preferentially, just adopt the game if you think it has an enjoyable gameplay.

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Quote from: letteredhub on September 03, 2023, 04:51:02 AM

There are varied crypto games we tend to be fond of that does rely on bullrun to maintain playbase. Another words they perform fine in bull market.

What are your views or perceptions about such games.

What now? Crypto games aka NFT games? You're in the wrong section then, this goes to the altcoin discussion. If you mean gambling games, then just no. Their player base isn't really influenced by anything except for their marketing strategies, KYC laws, and in general how good or ass their support can be. The coin they use itself doesn't really matter. It does not affect the gameplay, heck the games are very simple in itself, dice, crash, slots, etc. Enlighten us OP as to what these games are, just so that you know, I can actually avoid them if they are a casino game.

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Quote from: letteredhub on September 03, 2023, 04:51:02 AM

There are varied crypto games we tend to be fond of that does rely on bullrun to maintain playbase. Another words they perform fine in bull market.

What are your views or perceptions about such games.

Whatchu mean PERFORM?? like paying winnings on time and managing the casino in general? The bull market doesn't affect the performance of any gambling site... atleast if what you refer to as the word "performance" is the same with what I have in context.
It's Known that in every business, there is a season to make profits and definitely, a season to lose... I'm not gonna say they lose during bull market buh, the definitely not gonna be a tremendous sales yunno...

Sandra 🧑‍🦰

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Quote from: darewaller on September 07, 2023, 03:31:20 PM

Quote from: letteredhub on September 03, 2023, 04:51:02 AM

There are varied crypto games we tend to be fond of that does rely on bullrun to maintain playbase. Another words they perform fine in bull market.

What are your views or perceptions about such games.

I don't think so that crypto games or crypto gambling rely on bull runs or bear runs but their performance will depend on how good their service is. My perception about them is that they are fun and they are a great addition in the crypto world, making crypto more in demand but we only need to be careful on them, as they are addictive.

Our goal must only be to play for fun and not to lose a lot of money or destroy our lives. If we want to make money, crypto investing and crypto trading can mainly provide it better because skills and knowledge can matter here. It wasn't controlled by a single entity only like gambling where they can manipulate the results easily.

I don't think gambling casinos are fully affected by the volatility of the market. They remain standard no matter what the crypto prices are which I think is still an advantage to crypto casino players.
Maybe it does affect those who keep their funds in exchanges and casino wallets but when it comes to betting, the same currency goes around the casino regardless of the coin's current value. Some gamblers prefer to avoid gambling during the bullish season and just take their funds as a profit after storing it in the casino wallet but the action could be taken depending on the perception of a gambler.

Topic: What is your perception about crypto games? (Read 472 times)