Are NFT games also another way to gamble your money?

[Vaskiy]

though I’ve heard some games ask for money first,

It's an investment, of course, there should be money first in most cases before you can start.

If all are free, then it's not good. There should be investment or capital needed in order to have a healthy flow of money circulating in the game. Some NFT games are totally free to play but don't expect good results if you will play on that mode forever.

When we get into the game with an investment it adds more value than playing on the free mode. These days we've got more number of NFT getting into the market, and it is mentioned that majority of the NFT based on gambling will turn to be highly profiting.

[eaLiTy]

Most NFT games are based on an investment system. like you can resell the items you get in the game or also sell your NFT assets to other people. and actually you don't lose assets because you will continue to be able to earn more. needed large capital sometimes is become barrier for people who just want to try nft games. what else in NFT is currently popular.

In some of the P2E games the main idea is to resale things at a later time and make it rare so that people will be trading them and hopefully we will see the market evolve according to the changes and we might see games like Minecraft making its debut for NFT lovers.

[coin-investor]

If you are investing or buying stuff for future gains, then it's gambling but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all, it's what's on your plan and reasons on buying and investing on these NFT games, but it's always buy or invest with spare money so you'll not get disappointed in the long run.

[dothebeats]

You can say it like that, as you are betting on the success of these NFT games in the first place. To be fair though, there are some NFT games wherein this is not the case, and that you can really enjoy the game while also earning on the side. Axie infinity is a good example of this. Those listed in the OP would still require quite a long road ahead of them before it gains enough traction and be something that is generating profit for the user who placed their money on it.

NFT games are the new fad, and a lot of scams would surely arise with it. It's just a matter of knowing which to place your money on and which games to ignore.

[Beparanf]

If you are investing or buying stuff for future gains, then it's gambling but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all, it's what's on your plan and reasons on buying and investing on these NFT games, but it's always buy or invest with spare money so you'll not get disappointed in the long run.

Investing and gambling both involves risk on losing some money but they are a totally different. Gambling means betting your money for short term period without holding anything in exchange while investing(NFT games) has product that you are using and holding to gain profit in long-term. Even buying a shitcoins can be consider as investing because get utility tokens in exchange for your money. Investment gains will depends on company performance while gambling is just base on luck no string attach.

[alpamar99]

If you are investing or buying stuff for future gains, then it's gambling but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all, it's what's on your plan and reasons on buying and investing on these NFT games, but it's always buy or invest with spare money so you'll not get disappointed in the long run.

I don't understand why investment is called gambling because as far as I know investment is still an investment, it can't be related to gambling because from an investment system perspective, buying one of the goods and products from one company or development means roughly we have access to ownership in the product or service. this item and this is not a bet when we store our assets there it means it doesn't necessarily become a bet because it's the same as investing in order to get income both in each month and within the specified time

[pinggoki]

My defipet and cryptoblades are receiving quite the notice lately. Ranging from good reviews from people who are quite faithful these games will deliver what they promised and would boom in the market, from skeptics who are quite doubtful given that these games have fell short in areas where it matters most, my defipet with the reciprocity and its play to earn feature and cryptoblades' high volatility rate that leaves its players confused and splitting hairs, especially those who bought their accounts at high. For me its all a matter of perspective because if you think about it, investment is a form of gambling in itself as well, only that the collaborative efforts of all its players could affect the win percentage of each player.

If you are investing or buying stuff for future gains, then it's gambling but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all, it's what's on your plan and reasons on buying and investing on these NFT games, but it's always buy or invest with spare money so you'll not get disappointed in the long run.

It's imperative to always only invest with money you can afford to lose, otherwise you'll be causing more and more problems in the long run. You are also coreect about the fact that there should be an element of enjoyment for whenever you invest in an NFT game because before anything else, it's a game that is meant to be played and it would defeat its purpose if you are to not at least enjoy interacting with it.

[BlackFor3st]

Yes if there's a risk and you don't know if you're going to earn profit then yes you can consider it as another way to gamble your money. Actually a lot of things can be consider as gambling even bounty hunting since you don't actually know if you're going to earn money after the campaign.

[harizen]

If you are investing or buying stuff for future gains, then it's gambling

Am I reading this right? In the first place, why do you invest in something if, in the end, you will consider it gambling? You invested because you are expecting gains later on. If you will consider it gambling, then the point of whole investment is useless.

but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all

That's more of gambling honestly since you don't care about the gains. You will just wait on any results out from gambling your money.

[bbc.reporter]

@harizen. However, the investment is not 100% certain to be profitable for you. Everyone might call something an investment but you are also taking some risk and therefore it is a gamble. Similar to opening a new business. You take the risk and loan some money from a bank against your collateral to start the business. This is a gamble and not very different from leveraged trading.

[harizen]

@harizen. However, the investment is not 100% certain to be profitable for you. Everyone might call something an investment but you are also taking some risk and therefore it is a gamble. Similar to opening a new business. You take the risk and loan some money from a bank against your collateral to start the business. This is a gamble and not very different from leveraged trading.

It's too obvious that any investment is risky. It's a no-brainer if someone will think that there's no risk in investment. Because of that, why increase the risks of investment by considering it as gambling? You invest because you are expecting something good that's why on the way you will do everything not to make this investment as pure gambling.

Let's take the example you have given. You open up a new business. Why choose an investment that you think it's not profitable? Gambling is not the appropriate word for that because you will manage your investment in the process. If all things are gambling, why should we put effort and time to make our investment profitable?

The same in NFT games. Why choose NFT games that don't have criteria to give you a good return in the future.

[bbc.reporter]

@harizen. I did not say it is gambling similar to betting money in a slot machine or dice, however, in starting a business or investing, if you take the risk therefore it is a gamble.

The risk you take is your own decision, high risk or low risk. They are a gamble unless the return is 100% a certainty.

In NFT games if you bought the NFT or the tokens of the game, are you quite certain that your investment will not lose? You might presently say yes because everything is pumping in this bull market, however, wait for the bear to pounce.

[michellee]

Yes if there's a risk and you don't know if you're going to earn profit then yes you can consider it as another way to gamble your money. Actually a lot of things can be consider as gambling even bounty hunting since you don't actually know if you're going to earn money after the campaign.

If you think that NFT can give you profit, you can try with a small amount to see if that is work for you or not because some people who use big money can not always make money from the NFT project. But some people will not say that is gambling because they see the potential to make a profit from the project, so they decide to invest in that project while they do not know if the project will succeed or not in the future. It seems that people are greedy to invest in an unknown project without searching for more info.

[perla]

Yes, NFT games are more about investments and you can earn by selling and playing the game so I don’t think it can be considered as gambling though I’ve heard some games ask for money first, I’m not sure though and if you can share that game that could be a great help. So far, Axie is the best NFT games and many investors are still coming to this platform, this is very popular in my place.

What if there are buyers and there is no liquidity, the life of any play to earn is the liquidity and if players cannot liquidate their inventory then the project will go down, once you invest money in any project and you are thinking of return of your investment, then it can be considered as gambling, the reason many are coming into Axie to invest is because of the profit.

As long as people are trading SLP and AXS I think the game is worth playing for and you are right people are joining to earn profit right not the only risk about this game is if the price goes down but so far according to what I see on the market it's pretty stable and it's going upwards which good for early investors of the game.

[Oasisman]

If you are investing or buying stuff for future gains, then it's gambling but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all, it's what's on your plan and reasons on buying and investing on these NFT games, but it's always buy or invest with spare money so you'll not get disappointed in the long run.

There's a difference between gambling and investment. I have said this before.
When you buy or invest into an NFT game, you're expecting a return regardless If the value decreases, that doesn't mean you already lost as long as you're still holding into an asset.
While gambling has no asset. Once you lose, there's no other options to take your money back.
NFT games were expensive, and you can't just expect players to prioritize the "fun" stuff while playing before thinking about the gains first.
The only game I know that has an enjoyable game feature is Axie Infinity and nothing else.
Now, to counter your first statement. I bought an Axie team last June for $800 and right now I earned 5x my capital and still counting. Do you call it gambling?
While when you're gambling, you bet once and win/lose once.

[stomachgrowls]

Yes if there's a risk and you don't know if you're going to earn profit then yes you can consider it as another way to gamble your money. Actually a lot of things can be consider as gambling even bounty hunting since you don't actually know if you're going to earn money after the campaign.

If you think that NFT can give you profit, you can try with a small amount to see if that is work for you or not because some people who use big money can not always make money from the NFT project. But some people will not say that is gambling because they see the potential to make a profit from the project, so they decide to invest in that project while they do not know if the project will succeed or not in the future. It seems that people are greedy to invest in an unknown project without searching for more info.

When it comes to new trends and hypes then people doesnt really like to get behind and thats the main reason on why they do make out big investments directly without having good research about a particular NFT game
and once they dont able to get ROI nor it havent able to reach out on what you do expect then it would turn out that you would really get frustrated.

I've seen lots of games are surfaced and people is really fan on engaging into something which is on trend.Yeah, it is somewhat can be called gambling because we dont know on when they would last up.

Gambling in the sense that we are doing some investment but this isnt really comparable to Gambling games literally. We do have our own decisions as long we do enjoy at the same
time we do earn.

[alegotardo]

There's a difference between gambling and investment. I have said this before.
When you buy or invest into an NFT game, you're expecting a return regardless If the value decreases, that doesn't mean you already lost as long as you're still holding into an asset.
While gambling has no asset. Once you lose, there's no other options to take your money back.
NFT games were expensive, and you can't just expect players to prioritize the "fun" stuff while playing before thinking about the gains first.
The only game I know that has an enjoyable game feature is Axie Infinity and nothing else.
Now, to counter your first statement. I bought an Axie team last June for $800 and right now I earned 5x my capital and still counting. Do you call it gambling?
While when you're gambling, you bet once and win/lose once.

Are all mixed.
In my time, computer game was something made for fun and "wasting time", and the same should be for gambling... a machine that gives you some kind of pleasure with the POSSIBILITY of winning something big, not an investment.

We are going down a path where it all comes down to profit, people are only satisfied with something when they can earn something financially. where is the time when we sat in front of a computer to play without committing to earning something?
It almost doesn't exist anymore.

[nakamura12]

Are all mixed.
In my time, computer game was something made for fun and "wasting time", and the same should be for gambling... a machine that gives you some kind of pleasure with the POSSIBILITY of winning something big, not an investment.

We are going down a path where it all comes down to profit, people are only satisfied with something when they can earn something financially. where is the time when we sat in front of a computer to play without committing to earning something?
It almost doesn't exist anymore.

At this time, when you said it is all mixed and yes it is. Games are somewhat combined with gambling like games where you can waste your time by playing and also get a chance to get rare or better equipments. When a game is change to gambling then instead of rare or better equipment the player will get a big amount if lucky and lose money if he/she didn't win the game he/she played. I have playing an online game where I gambled my game items to have a chance receiving better ones or money. I have known and participated  a campaign where the project have their own NFT tokens where you can stake, trade using their own token or buy a NFT which in game it is a NFT package where you can get a single one that you destroy to receive tokens or yse it to have more mining power. So, I would say that NFT games are other way to gamble.

[iTradeChips]

Maybe it really depends on the strategy that you have for the game. I played Splinterlands for 6 months and I was able to get my initial investment after around 4 months. But I stopped playing it due to very time consuming spending hours and hours just to earn a dollars' worth. There must be better games out there and I did heard about Axie, but I have not tried it since I also see paid games as gamble as well. We have to be very careful with our hard earned cash nowadays.

[worle1bm]

These are some new hypes in the market and exploring them is also good way and to gamble upon them as there is risk element present so probably call it gambling rather than investment as they both differs in many aspects.You are giving your time in hope of getting high ROI over time and bets are placed on them in new ways.There are many gaming platforms coming up with these NFT's gameplay but try to find best out of them with DYOR that have legitimate background to support you in any case.