Why you shouldn't ask "what's the ROI on(insert name) game?"

Photo by Aaron Burden on Unsplash

Disclaimer: This post is not financial advice it is for educational/ entertainment purposes. If you decide to follow my strategy you do so at you own risk. Also this is my opinion. Your opinion may be completely different and that's ok.

"what's the ROI?" is one of the most frequently asked questions I am seeing in regards to gaming on Hive. Though this post is targeted at gaming aspect most of the points apply to crypto in general. It is my opinion that this question is problematic in multiple ways. I am going to list a few reason why you should never ask this question. these points are in no particular order.

#1. Gaming is not an "investment". The US (and other countries)has strict laws as to what qualifies as an investment and to the best of my knowledge gaming is not one of those things. This is a dicey question for many reasons beyond this, ie point #2

#2. Do not ask financial advice from strangers or anyone who is not your financial adviser. This could be problematic for you and the person answering. The only person that should be giving you financial advice is your financial advisor. Asking a stranger "what's the ROI?" puts that person in a tricky spot. As they are not your financial advisor they are not qualified to answer that question. In fact, if they do answer it that could be a potential liability for the person who does answer even if they have the best of intentions. Not everyone has good intentions, be mindful of that as well.

#3. If you are asking this question this indicates that you do not understand how this works at the very basic level (it is impossible for anyone to answer this question accurately even if they could). Please do some independent research first. This may sound harsh and that is not my intention.

This is the equivalent of asking "how long is a piece of wood"? No one can possibly answer that as there are many sizes of a piece of wood and there is not set size. A piece of wood could be an inch or several feet/ yards.🤷

#4. Asking this question in an official chat room/ Discord server etc puts the developers and the team behind the game in a tough spot. They really shouldn't answer that question and if they do that's a red flag ( red flag if they give a solid answer like 30 days, promise a daily percentage etc). It also may not be in your best interest to ask the developers or anyone with a financial interest in the game about ROI. Not everyone is honest, especially when money is at play. Even those who are honest and have good intentions, may not actually know what they are talking about . I see this a lot.

Instead of asking this question your time is better spent reading the tokenomics and gameplay and learning how it all works. Then if you decide to put funds in you do so with understanding that there is no guarantee of profit. You could lose every bit of crypto that you put in.

There are other reasons to not ask this question, but I think you get the point by now. If you get nothing else from reading this, I want to reiterate: There is no guarantee of profit. You could earn well or you could lose absolutely everything. It could take a day to get your seed funds back, or years .It's possible you could never earn them back. There are so many uncertainties and it's important to understand that before getting involved.

All that said I love gaming on the blockchain. I have done well so far and will continue to try new games, play around with strategies and have fun doing it.

I hope you found this post useful.

♥️🦄