What is your perception about crypto games?

[mirakal]

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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[fullhdpixel]

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.

[lixer]

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.

[Nazmul012]

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.

[Westinhome]

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.

[JahriMeayer]

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

[AmoreJaz]

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.

[Ever-young]

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?

[Die_empty]

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.

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.

[Kemarit]

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.