Bitcoin Forum

as we know in 2017 there was a very popular game called cryptokitties before the market increased very high (bull run) at the end of 2017, then now there is a game that is also popular, namely Axie Infinity and I hope if this is a sign for a bull run that will happen at the end of 2021, so the market can increase very high like what happened at the end of 2017.

Your post is like:

"cryptokitties - beginning of bull run
Axie Infinity - we will see"

N- number of pattern repetitions

N=0 because it did not repeat yet even once.
With N=0 this pattern has 0 value.

Its better to trade based on the moon phases (https://www.oreilly.com/library/view/timing-solutions-for/9781118339206/xhtml/sec64.html) than on N=0 pattern.

that game axie or what game kitties is that, they're not the reason behind why market now is in uptrend mate.. And to be honest ever since before I've never seen a news that came saying crypto games are reason market sometimes skyrocketed, because mostly depends of demand of supply especially when there's a adoption.. Indeed how can a new projects give an impact in the market? I don't think it's possible..

you're trapped by logical fallacy. just because B happens after A doesn't mean A is the cause of B. it's like saying yesterday i eat banana and then I got money, so if i eat banana again I'll get money again. sure, being optimistic is okay, but you should find other reasons that have more proof than that.

It's not only Axie Infinity that is in the trend lately that helps Ethereum to go up. There are bunch of NFT, arts and games that are becoming trendy recently.
And with the latest update for Ethereum, the Londo hard fork, this also helped the price of Ethereum to go up as it burns $370k+ worth of Ethereum per hour. Yes, that's per hour that's being burned!

Sounds a lot but when you put that into good perspective it does not look that lucrative any more. 370k per hour = $ 8.8 million per day = $ 3.2 Billion per year = 0.9% of supply. Thats not that much. Binance, for instance, burns 0.6-2% each quarter (~5% annually).

ETH inflation = 18M / 117M = 15.3%! So this burn lower ETH inflation from 15.3% to 14.4% its still super high. For comparition last BTC halving lowered BTC inflation from 3.8% to 1.9%

IF X happen then Y will happen is the worse type of investment. Thus, this type of investment is considered as selling fish in the water or birds in the air, in the sense that you are selling the illusion of users by making a comparison that is not accurate or correct.
If there is anything Axie Infinity will offer other than this weak comparison, please suggest otherwise, this comparison is meaningless.

what kind of deja vu is this :)

There is not much truth to what you are saying. But right now, nft games continue to develop day by day. It appeals to more players and investors, so there may be rises.

What I can point out is trend, as of then it was about crytokitties and maybe it contributed to the bull run, however, other trends we have had like DeFi didn't in a big extent lead to a bull run, but it contributes in attracting more users and investors to crypto which lead to a good market. Therefore what I would say about NFT gamified ecosystem is that, it is a trend and if good projects banks on it to develop something unique and attractive, it will lead to more users coming to crypto and will lead to a more growing market. Nevertheless, with Bitcoin price, bull run is already anticipated to be around the corner and maybe NFT hype will add to it in other to make it more interesting.

I dont see any significance nor connection into those games on what you are preferring to happen.If you are longing for some bull run then everything would really attached to it.I do remember those days where Cryptokitties did really make out some significant hype and popularity way back which did really clogged out the network which did result into high fees but doesnt mean that it was really the reason on why ETH did really make out some bull run because if we do remember where everything is really on hype when that bull run happens in 2017 specially on last quarter.We dont need any games or something like that which cant totally able to pull off
a certain coin for it to increase.A game could be popular but for sure it would just simply stick into its in-game or coin based token.

Yes axie infinity is a popular project with a very active game play, many users already benefiting from the games, something already connecting users from different countries, cryptokitty was very popular as well as becoming a big problem for the ethereum network because of the number of users accessing the game, I can't say if cryptokitty triggers bull run, but it was very popular and brought so many users to eth network, let's hope axie infinity is equally this big to create positive impact.

Thanks for the math. I was amazed to look at those numbers since this is the first time that Ethereum had done it. It's not that much compared to BNB but there's still a significant and positive impact that it brings to its economy and that is what makes it on-trend lately since it's Ethereum but if it's an update just from an unknown altcoin, it won't matter at all.

NFT games are really making noise and if they survive a year or two although many of these NFTs have been existing since two years ago and this is just the year that they've been taken seriously, let's see how it will go after a year or two.

cryptokitties were practically useless. when you get your own, you could just rent or sell.
axie allow you to play (at least you have some endless fun) while you can earn some tokens.
I think some NFT are more similar to CK then axie. Likewise games Footbattle.

Personally I don't want suggest to anyone invest in NFT unless very rare case.

I do believe that somehow there's really some sort of pattern but it does not mean that it will goes the same. It will still depend on how people will going to engage and also there are some things that needs to be consider but hopefully another bull run will come very soon. NFT really giving a new hope to new crypto enthusiast but also for pioneer.

I also don't find that relationship with axie infinity, because the bull or bear market is still determined by the condition of Bitcoin so far, so it will feel very strange if it is associated with Altcoins which only have a game concept, but are associated with market conditions. ???

Axie maybe helps to bring newcomer to crypto investment, but not the  reason that it moves Bitcoin in particular, this cycle comes from many influenced which is now reflecting to Bitcoin.

And by that, the market is reacting positively. We might see more and more positive trend for this market not just because of any NFT games

but due to demands from new investors who see crypto industry really have good offer for more potential success, people who realize that there's still a good chance to compensate from this market are now moving in.

I don’t think that the current hype around NFT-gaming can lead to a big bull run. On the contrary, I think that when this wave of hype subsides, some people will give up this market. So to my mind we should expect a crypto “winter” which will give us fundamental projects instead of these shitcoins that we have now. I don’t consider  the popularity of Crypto Kitties as the trigger of a bullish market in 2017, I think it is rather one of a consequence of the general interest around crypto.

You are right that NFT-games can’t influence Bitcoin. Everything happens simultaneously. People run away from dollars when the economy is not sustainable, they invest in Bitcoin, newbies see that Bitcoin is on highs so they choose cheap altcoins. Developers see a hype and decide to create something new. This time developers are making NFT-games. People see a new trend and invest.

yes I agree with you, and it seems that now there are very many NFT games that try to emulate axie infinity, for example I am Defi pet, cryptozoon , cryptoblade, etc., but not all of them can survive like axie infinity, hopefully NFT is not just temporary hype

I don't see much interest from such analogies, but I like the way you talk about deja vu. Although the market seems to be showing very good signs and we can completely believe it in the near future, I am quite confident that the current developments are preparing for a new boom in the market. 

Looking to the near future the demand is much lower, so I think it is better to analyze the market before fully believing. Token Token has good games to play but can't get too high next time nft has a lot of good promotions from deja vu.

Yes, I remember that time about cryptokitties which I don't really understand at that time yet. I just collect and breed as much as possible kitties to sell in the market well I didn't know that I can earn money about it I thought it was just a pure game that was made in blockchain.

Axie was on the different case dude. Axie was getting popular caused by the play to earn trend. It has been performing so well compared with another altcoin for sure. Bitcoin already shown the sign of the bullrun. it seems like that there will be more bull will come to the crypto. It feels like we are going back again to the golden time of bitcoin again. I hope this will be coming true

Aren't you contented in the last bull running when the price reached out 64,000?  if not then you are really a greed person , when cryptokitties arise in 2017 bitcoin rose up to 20,000 and that is at least 300% more from the last ATH , and this year as axie infinity rise(though this has been popular years ago) the price of bitcoin already reach another ATH so i think you are not in Deja Vu instead you are in Greedy Vu lol.

Since it has only occured once and we cannot be certain that seeing a popular game involving crypto is a sign of another bull run, let us not jump into conclusions yet. What we had back then is way too different to what we have right now so maybe, a game is not the one that will set bitcoin and other crypto ready for another bull run. Also, the news with regards to bitcoin, regardless if it is good or not, will surely be one of the main factors that will tell us if another bull run is getting near. Just wait and keep on holding, buy whenever the value is low and always be wise with your decisions, we'll soon witness another bull run once again.

I cannot say for sure that the next rise in prices in the crypto market will be at the end of 2021 precisely from the appearance of the Axie Infinity game, but I can assume that 4 years have passed since 2017, and this equals the cycle in the market. So, in my opinion, at the end of 2021, another rise in prices for cryptocurrencies is indeed possible, similar to the end of 2017, but this is probably more due to cyclicality in the market than with the emergence of certain crypto games.

That's part of the cycle and it will continue to work like that. Every time investors see the opportunities, they will grab it and hope luck will permit them to gain something decent out of their investment.

ANd going back, axie and all those NFT games are hitting the trends brining more people to the investment side, for now observing what will be the long effect of this play to earn opportunities inside this market is a must.

Knowing that scammers are everywhere, you should be wise in sorting particular projects to invest your money.

okay, because it's for the near future. I think completely unlike you, I agree with the analysis of the current situation, we only see demand from NFT games, but that is the beginning of the boom. I don't know how you analyze it, but I've noticed a lot of interest is starting to increase.

is this still popularizing the crypto world ? or just some people that took advantage of the pump ? remember that the games created towards crypto does not stays long as we have seen tons of them starts to gain and sooner almost dead like cryptokitties. when this game almost being promoted by  many popular personalities here in crypto and not where is it?

I think some people took advantage of the pump and yes, they are making a lot of money from that. Hopefully, at this end of the year can be like 2017 so we can make a bigger profit again. However, the situation will not be the same as the previous year because everything already changed in the crypto world and we might see something different than the previous years.

There will always be a new trend coming to the crypto world and it is already happening so far. We can use that moment to take profit or we can just sit down and watch other people take their profit.

This 2017 ?, isn't it now that we are in 2021 and have left 2017 for 3 years ago, and as for the Axie Infinity token, I will not doubt the potential that will be obtained by it because the price increase is clearly very visible and the average NFT game user likes the Axie Infinity token.

I have the same feeling as you, about to have a crypto market uprising later this year. Bitcoin has broken through the downtrend and is in the process of approaching new price points to confirm the uptrend.
When the world is actively printing money and everything is bullish, Bitcoin will be the place to go to fight inflation. Another thing is that the Bitcoin Hash rate is recovering. That's a good signal.