Bitcoin Forum

Between Axie Infinity, Yield Guild Games and Apecoin which one do you think it's worth buying for long term hold? Also if you are ask to name your one to five play to earn with the metaverse project which ones will you pick?

None of them I have to pick on. I consider these hype projects like them are just for short-term investment. If you are looking for long-term projects, those in the top 10 are for sure will stay long-term. Though this is my own opinion, I haven't seen a reason of holding them, in fact, their market value is continuously declining such an indication of the higher risk it would possibly happen in the future. And I was afraid that holding them even just for a year, regrets will come to follow.

Most of my played Metaverse games now are either down in value or rug pulled.
I still have MyDefiPet although it's my wife that's playing the game just for fun. For me, it's not worth the investment anymore and I doubt they will be one who will dominate in the future because of the developers' closed ears while the old investors are shouting for a change.
I made a profit by selling their coin at an early stage while the hype is on and not from the NFT pets.

If there's a future Metaverse project I think Gala games will be the one on top of my list.
You can pick your game genre by checking their website. https://app.gala.games/

If I've got free money and I want to spend it, I'll choose to buy the AXS and will stake it on their katana since APY is quite high. I'm more aware of that token than the others. YGG is a guild token and that guild is focused on P2E projects I don't know if they've made their own game but probably haven't.

While for Apecoin, it's from BAYC project and AFAIK, they've got some problems now against SEC.

I'm done with them honestly. But if there's going to be one, I wanna try out the Metaverse from Meta(Facebook).

The only coin worth holding on to for the long term is bitcoin. So forget to hold the coins for the long term but only for the short term and after the price increases very high, immediately sell the coins and focus on looking for others more worth holding again. I don't know any metaverse project that can make money for you because I prefer holding other coins like bitcoin, ethereum, bnb and others. And if you want to keep holding the metaverse coins, you better be careful because the metaverse is still in the development stage and we don't know what it will be.

Many gamer of Axie quit after learning they are not making a fortune anymore. Its unsure if Axie can become profitable again again when the bull market finally come. I pretty sure there are new games that will come to beat Axie.  

I have not seen any game interesting enough to make people from bitcointalk will be interested. So far the ones being discussed was Sandbox and Gods unchained but they still look like a game for the board gamer. They can't just replicate a popular one similar to Counter Strike or any first shooting game with tokens to win after challenging.

I won't buy any of them. I don't think the tokens from the game platform will last long, because it really depends on user growth while other better games will continue to come up. If a game is no longer popular, the price will drop. So you can't make tokens from the game platform as a long-term investment.

It seems like that those project didn't even understand the concept of metaverse. Meta itself has become the best company to introduce what can be called as real metaverse. Axie infinity itself was just play to earn game that is nothing caused by high inflation that has destroyed its play to earn token called SLP. Metaverse are still experimental and don't you see even decentraland and sandbox have only a few users?
In my opinion none of them will dominate the mateverse in the future but im sure about meta from facebook but not metaverse from crypto project

That's true for long-term investment indeed for me such tokens are not the right choice,
other than that I saw a lot of tokens from the game platform only lasted a short time,
always consider the risk first before investing and that's important

Can they solve the selling presure?

I don't think so, "AXIE" the project you're mention is a dead project now. The people coming into the project by hype and now can't handling the selling pressure, P2E project is always have a problem with mint-token

Until now, can't find any project with a good mechanism burning system.

So far, I do not have any thing in mind.  Almost all the created Metaverse is driven by hype and some just create one just for the trend.  So most of the metaverse today are somehow half-baked and not well planned.


Axie is still very activie though it lost lots of its community due to sudden changes decided by the developer.  I think it will take time before investors forget how much they lost in this previous Axie hype.

As I see on current burning vs minting of Axie, It is quite manageable now because of their new updates and additional burning mechanism. We know that Sky Mavis "the developer of axie infinity" has a big problem before about SLP minting and I see that Axie Origin was the key on solving that. As far as I know they have released a sneakpeak of future burning mechanisms that can help the overflow of SLP in the market, They are releasing those burning mechanism slowly and now we can see it is effective. Axie still has a future and could shine next bull market, We will just need to wait for their developments.   

We learn so much from play to earn games last bull market and I hope that we learned out lessons and not jump on a hype projects. There are a big chance that metaverse project can be a big thing in the future, I hope those newbies entering wouldn't jump on projects again because the hype.
https://i.imgur.com/c8D4Xk4.png

None. Game projects don't live long in terms of popularity, because the community is always looking for more profitable ways to make money on meta universes and p2e games. Axie Infinity was good last year, but tokenomics problems quickly destroyed its popularity. These coins are good to buy at the beginning of their journey and sell at the top of the hype. Don't be under the illusion that meta-universe and gaming projects will behave like bitcoin and rise in value over time. It won't.

The game may still be active but it's no longer profitable for most. The hype was huge on this project and that's scary to think if something new comes out and becomes hype again.

Most investors have learned the lesson that they shouldn't be hype anymore with these projects. Because if they're too popular and it's not maintained by the developers, it's going drop to its own pitfall.

Imagine before a good axie can cost from $500-$1000, now, you can build a team for just $6.

I lose my trust with Axie since they changed a lot with their gaming system though I still hold my Axies with a hope that good days will happen again and I think with the given option, Axie will be the one to be great again in the future. I know many Axie player today who are still making money with Axie, maybe I just need to update myself with their new gaming system, and see for myself if it’s really profitable. Axie continues to develop though, we will see it’s result once the bull started.

If I were you I will stay away from both play to earn tokens and metaverse coins, the play to earn model is flawed and there is no way around it, so while at the beginning if they generate enough hype the model could seem to be successful as time passes you can realize this is not the case and then the coin will crash and eventually disappear, and metaverse projects are even worse, even with all the resources of Meta this is a risky bet for them, so it is impossible for me to imagine a small project will beat Meta when it comes to the development of the metaverse.

I agree 100%. These are all hype projects and not really fit for a long term investment. If you get in very early in a new promising game or project, you can still make a nice profit but after a couple of weeks/months, another game/project will pop up that will be hyped.

i dont really have any confidence if we do talk or speak about play to earn games which it does still need for you to shell out some money for you to earn significant money but if not then it wouldnt really be that relevant. I have some Axies and same goes on YGG but since we are on a bear market then everything goes down but surprisingly specially with axie where they do still continue to make updates and changes
on which they had promised or followed on their roadmap despite of losing its popularity and demand.

I dont know on the current or latest one yet i had lost interest on touching up these things on the time that Axie had dipped its price into the floor.

these 3 coins are no longer profitable, i will not choose any of them. my opinion at this point we should focus on bitcoin and the top coins would be better as they are likely to recover after the bear market is over. as for trends like p2e, gamefi, metaverse... it's still unclear what their future will be and it is likely that they will be replaced by new trends in the market. now let's focus on layer 1 and layer 2 projects, they have more potential for growth.

Apecoin is like the bluechip among P2E and Metaverse projects so it really depends on your objective. Buy it if you are into something more stable and "reputable". These types of investments won't probably give you high returns now but you'll likely have peace of mind. Look for something else if you are more daring. Those high risk and high return investments that you can get from new or upcoming tokens.

All of them especially if they are able to execute properly their updates though we've seen a big drop on their value but I think it's all because of the market trend and they can rise again once the market recovers. Though I only play with Axie and stop for now, I think they are still working for the good updates and that update can help them rise again. I'll just hold as long as there's an improvement with the project, they will only die if they stop to update.

"Long-term hold?" I should say none. Most play-to-earn games are driven by hype no matter how good the development is. You should take advantage right away once the P2E games are now in the hype and do your best to make a profit out of it as once their hype was gone, expect a downfall.

Holding these P2E-related coins or tokens is not really worth it if your purpose is purely for profit.

For me, just enjoy those games if you really like the gameplay and not just because of expecting an x10, x20, x50, x100 in the future holding their coins.

None of them are worth buying now on Axie just a few years you will have to spend hundreds of dollars just to form a team now for just $6 you can form an Axie team the hype is over on this kind of project, I lose 90% of what I invest on these play to earn projects, like all the others here I was carried away the hype, people are not really going here to play, they just want to make profit from these games the developers have done everything to make the site profitable again but they failed to keep up, people are dumping these play to earn projects now.

And getting into a project too early has its own share of problems, we know that many coins are released each day so if you decide to take the risk and invest in one of those coins when they are just being launched you run the risk of that coin not getting any hype around it or that the developers may disappear with your money at the first opportunity they get, so when we consider all the factors then it becomes clear to me that it is better to stay away from all of those coins at least until the market conditions improve.

I think vulcan forged surpasses the others quite easily in term of metaverse even right now in the middle of bearish trend it's still going strong even though it has lost its share of valuation but still it's better than the other in term of retaining its current value, even some time it got its rally quite a few times in this bearish trend, even though there are actually many coin that could dominate metaverse, I think this coin is the one that's showing some real promising future.

The three of them should not invest at this point, we are still in a bear market and cannot tell if the playtoearn trend is back or if the metaverse trend is the next trend. Trends in the market are always changing, from ICO to IDo, IEO… then we have Defi and now P2E, chances are that by the bull season of 2024, we will have a new trend replacing these trends. Instead of investing these coins you should focus on the top projects and of course the risks are still there but they will be less and the resilience of the top coins is still higher.

Then when you would decide to make out some investment? When everything is on the rooftop or when the price is already high? We know that buying cheap would be always the sweet spot
or the ideal  but on this scenario then it cant really be that too simple on considering on buying when everything do looks almost dying.

This is the toughest or challenging moment where risk taking is something should be taken place.You cant really be able to make out buying decisions directly
just because you do always have that kind of thought that what if the price would plummet even more? These are the main considerations and saying you would be
having on your mind.

I already heard this project before but great for them that there are growing continuously. There might be more to come from them since they are not yet in the mainstream just like axie and apecoin but speaking of these two, they are not really doing well especially the axie but I heard that there are planning to release a brand new game.

This game could easily get an attention knowing that axie is already popular and maybe this is the only one that can save them from falling further. I don't know if what's good about apecoin but what I only know is that they are backed by rich individuals. They can help this project to stay relevant in the game.

The correct strategy depends on what kind of coin we are talking about, when we are taking about the best coins in the market then this is the moment to invest, and this is because we do not want to price of bitcoin to go up too much before we invest in it and then we have to pay more for the same amount of coins, however when it comes to new altcoins this is way more tricky, in my opinion the sweet spot is when bitcoin is already in the middle of a bull run but altcoins have failed to react yet, if you can invest during that time then your risk will be greatly reduced as at most you will only need to hold those coins for a few weeks or moths before you see results.

Play to earn projects that are in Solana. We all know that Solana is one of the best top performers last year and we saw huge TVL in this chain alone I believe this is an alternative layer 1 network for Ethereum and we already saw a lot of projects started on Solana or migrated.
Best play to earn project or metaverse in Solana is Star Atlas.

The thing about marketing is that when we are in a bull run, you could spend 10k and get lets say 10x return, and when we are in bear run, you could spend 10k and not even get any return. So, when all these new stuff, even when they are great and doing fine, start their hype at bear period, it's really harder and I find it very tough.

I personally find it quite difficult to handle for the time being and I hope that it gets better eventually. That's how we would be able to make some profit because the period we are in doesn't allow that. Metaverse is a good "idea" to invest, but without the bull run there is really nothing that could make us money easily.

The play to earn game which is going to dominate the market in the future is still under development or wasn't even started yet.

All the games we know so far don't have chances to create a solid and sustainable virtual environment able to thrive along the years and proportionate players stable earnings and exciting, addictive gaming experience.

Some interesting games have been launched, but were fastly ruined by bots, toxic players and greedy developers/companies behind the projects, who aren't concerned about players at all, rather their only goal is profit on their pockets at all costs, even if they have to kill the game's economy, competitiveness and gameplay fir that.

Play to earn games have become a risky deal and a waste of time for casual independent players. This sector of crypto market was fastly dominated by wealthy players' mafias who enter together a determined game to dominate and milk the ecosystem until completely draining it.

The profit is restricted to these groups of wealth and power (besides devs), therefore, it is not worthful for most players who just want to play by themselves.

I would guess that Axie Infinity will still be one of the top metaverse and play2earn project in 2 years or so. I just has the big advantage that it is a first mover and that it is also by far the most well known play2earn project out there at the moment. I am not so sure though if Axie infinity really counts as a metaverse project? A metaverse for me is a artificial world where you can dive into with an Virtual Reality headset and where you can do "normal" stuff in a digital world. Victoria VR is a project that does that stuff, or Bloktopia or The Sandbox.
Star Atlas is a play2earn game project that had a lot of hype a few months back but now it is pretty quiet about that game at the moment.

Surviving in a bear market does not mean that the coin will recover and grow in the future. There will be a lot of coins that will survive this bear season but how much will recover, that is the question we need to know if we invest now. For me, apart from bitcoin and ethereum, investing in any project from now on is very risky, the return is not high but the risk is high.

About the metaverse, many say its hype is over but there are also many who believe it is just getting started and could be the next trend. These are all speculations, so it is impossible to say that the projects you mentioned will be profitable, let alone x100 here.

I always add BNB to it, and I do have 10% saved aside for all the rest, but 90% goes to btc,eth,bnb trio for me as well. Because, like you said there will be plenty of coins that will "recover" and not go up as much as the others.

I always give XRP example for this, in 2020 to 2021 bull period XRP went up, just like everything else went up, but while almost all other coins broke over their 2018 high and reached a new all time high, which was nearly x5 more than what their previous ATH was, XRP failed to do that and the ATH still stays as the 2018 one. That means even though XRP went up, it didn't go up as much as other ones. So, these top three ones will go up, and we can be sure of that.

We shouldn't underestimate some potential NFT projects. They might be down now and are having a hard time resisting the struggle of survival during this market season but that doesn't mean that they have totally lost their full potential to recover in the future. NFTs only need time for further development, especially the ones that already had a good starting foundation during the hype. There are still people who are expecting NFTs to recover and one of them is Axie infinity. Let's see how these projects would grow again when the market recovers.

Speculators need to learn that just as we have cycles in nature we also have cycles in the markets, would anyone in his right mind try to sow the fields when winter is coming and snow will be falling in a matter of weeks? Because that is what those people are trying to do by investing in new projects when we are in a bear market, this is simply not the correct moment to do something like this, this is the moment to save our money and invest in strong coins and only once the bull market comes speculators can invest in new projects if they want.

I have been monitoring the mnetaverse tokens but the truth is if the token would be alive if there will always be incentive to the users. Currently sandbox is in the hype caused by it has been offering so many reward to the players on its metaverse but it's not caused by metaverse users wanna play it. That means if incentives will be stopped and these users will not be playing in the metaverse again. It's all about how developers can make revenue and then redistribute it as incentive to the users again.
Im sure developers can't take huge revenue from its service caused by this mechanism is the only key to make the metaverse is still alive. The token can be last long if developers offering incentive regularly to the players.
To be honest the main intention by those players are just for money and it's not caused by they do like with the metaverse itself. That's pretty sad to know about the truth.