One of the key things to remember is that not every player can make profit from these games. Typically the top 5% to 10% can make profit in any given crypto game. The top 5% to 10% have to spend a bunch of money so they can "pay to win". By paying to win they earn more money and start to profit.
These types of things shouldn't be considered investments by any stretch as the super majority of people will lose money on them. I've played crypto games for years and played dozens of them, essentially the forumla is the same. Whales and small whales profit, everyone else doesn't.
If you have 10k to 50k usd to throw at a new game when it comes out you will usually profit. The smaller people who come in after, even if its just a few days or a week later will almost always lose any money they put into it. Sounds like you are one of the people who put in a good amount of money into it and you are going to be able to extract money back out, that's good. Just a thing for everyone else to remember is that for every 1 person who profits 10k in any of the games that means a few dozens people collectively lost 10k and it was funneled upwards to the person that profited.
I started playing from scratch and I earned money by playing and then reinvested. It took me 3 years to get to that place. I never invested in my real-life money. All I earned through these games and then invested back. If I can do it anyone can. Determination, hard work and consistency are the Keys. Trust me whatever I am earning right now I earned and invested that was the my formula
How many hundreds of hours? Each hour is an hour you spent. Time is money. If you could work 200 hours and make 4k usd in that time that's what you spent, first example.
It defies logic to say everyone can profit. Anyone could do it but everyone cannot. Profit is made from others spending and losing in the game. All crypto games are like that. Whatever you're earning and then selling someone has to buy. Those buyers are losing thier money to you.
Only 5 to 10 percent of ppl in a given crypto game profit. Rest have to lose money.
Example.
100 players of a game all put 5 eth into the game. 500 eth in pot. Player 101 comes in and puts 500 eth in. Now 1k eth in pot
He now had 50 percent if daily rewards, BUT he gains 1 percent every few days. On day 100 he is at 75 percent of daily earnings. His 500 eth will become 750. The 100 ppl who put 500 in now are fighting for 250 eth, each person lost 2.5 eth and the whale made 250 eth.
If u did this without any money good on you. But you are taking money from hundreds of others who have no idea they will lose money in the end.
How many hundreds of hours? Each hour us an hour you spent. Time us money. If you could work 200 hours and make 4k usd in that time that's what you spent, first example.
It defies logic to say everyone can profit. Anyone could do it but everyone cannot. Profit is made from others spending and losing in the game. All crypto games are like that. Whatever you're earning and selling someone has to buy. Those buyers are losing thier money to you.
Only 5 to 10 percent of ppl in a given crypto game profit. Rest have to lose money.
Yes, I worked hard and I only work at night so. daytime, I have to spend with my real-life deals so during the night I do my online tasks. Sometimes I spend the whole night or sometimes it takes just a few hours. You are right and I completely agree with but it is what it is. I was also in that position where I was losing money.