Recently, the Bigtime project has set off a huge investment boom. Since its listing on the exchange on October 11, its token price has increased nearly 20 times in just two days. This phenomenon instantly ignited the market and seemed to usher in new investment opportunities for us. After calculating the potential benefits of the project, many people quickly made a decision to join in the project, and even purchased computers in batches to prepare to set up their own gold mining studios, hoping to achieve return on investment in a short period of time.
However, the facts were unexpected. In the end, they not only failed to make a profit, but suffered serious losses. Yesterday, the Bigtime project experienced a violent fluctuation. The project team suddenly increased the gold threshold, requiring investors to purchase more NFTs to enter the Bigtime ecosystem. At the same time, troubling bugs appeared in the game, causing some players not only to be unable to obtain expected profits, but also to lose their principal. The impact of this series of events was quickly reflected in the price of the Bigtime token. In just one day, the token price fell by 42%, from yesterday's $0.26 to today's lowest price of $0.15.
Players have expressed their dissatisfaction with the officials on social media and communities. They complained that the project team had cut into their profits, and they also complained that technical problems in the game seriously damaged their gaming experience, resulting in financial losses. .
1. The nature of investors: not everyone is a winner
First of all, we need to make it clear that every encryption project can be regarded as a game, in which the project party is the organizer of the game, and the investors and gold miners are the participants in the game. In this game, the organizer is the active party, while the player who enters the game is the passive party. Game organizers also need to make a profit, after all, they need expenses for daily operation of the game. Therefore, allowing participants to make money is only a means in the process of organizing the game, not the ultimate goal. Therefore, when the interests of the game organizer conflict with the interests of the players, the game organizer will usually choose to protect their own interests. This is due to human nature, and the players have nothing to do about it.
So, now comes the question. The Bigtime project claims that gold can be paid back in just one day, but if everyone makes profits in a short period of time, where do these profits come from? This is a question that requires careful consideration.
The answer is that these profits actually come from a part of the gold income provided by the project party. However, if everyone can make back their money in a short period of time, a large amount of funds will pour in, causing the gold profit share to be quickly exhausted, which will make the project unable to operate in the long term.
Therefore, from the perspective of the project parties’ own interests, it is almost inevitable to modify the rules. Although it seems to be a hasty and temporary adjustment, there is an inevitable causal relationship behind it. Although the payback period may be the shortest and seemingly “safe” in the short term, it is actually the most dangerous time to enter the game.
Even if you are very lucky to get your money back within one day, and the project team has not changed the rules yet, can you control yourself from increasing investment and risk? Think carefully, and sometimes it's wise not to put your foot down.
In addition, the project team has another option, which is to directly run away with the funds raised. This situation is even more unacceptable, but Big Time will not do that.
Therefore, one principle must be made clear: in this crypto project game, the conflict of interest between the organizers and the participants will almost always end with the organizers giving priority to safeguarding their own interests. After all, the person who organizes the game is the active party, while the players are just the pawns in the game. In this game of "everyone is a knife, I am a fish", you must always be vigilant.
2. How to make profits in chain games: Look back at this cycle at the micro level and the market trend at the macro level
Secondly, we need to clarify the concepts of static payback cycle and dynamic payback cycle. The static payback period is calculated based on existing data, assuming that these data remain unchanged, how long it will take for investors to achieve return on investment. However, the reality is that due to the influence of various controllable and uncontrollable factors, relevant data will change a lot, so the payback cycle will also change accordingly. This is the dynamic payback cycle.
It is usually unreliable to rely on static payback periods to estimate your actual payback period. A friend who is familiar with the mining field once told me an example. He said that buying Bitcoin mining machines when the static payback period is the shortest will usually lead to heavy losses. Why? Because when the static payback period is the shortest, it often means that the bull market has reached its peak, and the price of purchasing mining machines at the peak of the bull market is usually the highest. However, once the market turns from a bull market to a bear market, the payback period will be dramatically extended, and what originally seemed to be the shortest payback period may actually be impossible to achieve. This shows that in investment, static estimates of payback periods are often unrealistic.
The same is true for investments in chain gaming projects. Relying on static payback cycles to decide when to invest can be risky. Because the moment when the static payback cycle is the shortest may be when the project is in the prosperous stage, the investment at this time is usually the highest. However, once the project faces challenges or the market changes, the payback cycle may be rapidly extended, and the quick return on investment that investors originally expected may become out of reach.
Therefore, we must understand that investment decisions should not rely solely on a static payback cycle, but should take more into account the long-term potential of the project and the overall market environment. When investing in blockchain gaming projects, you need to consider dynamic factors, such as market trends, the capabilities of the project team, and the stability of the ecosystem, rather than just focusing on the temporary payback cycle. Only in this way can we more fully understand the nature of the payback cycle and make more informed investment decisions.
The overall market environment needs to be considered when investing. Currently, the global economic situation is not optimistic, and the cryptocurrency market is also experiencing a bear market. At this time, rushing into any project carries huge risks and is likely to result in losses. Even in a bull market, there is no guarantee that large-scale investment will be profitable. The key lies in the timing of entry and exit, as well as the strategies and intentions of the organizers.
Especially during a bear market, I recommend that everyone focus on recuperation and self-improvement. Don't expect too much about the market's rapid recovery, and choose entry opportunities more carefully. At this time, you can consider carrying out some basic construction work, such as reading, fitness, social networking, learning various skills, etc. These activities not only help improve personal qualities but also lay the foundation for smarter investment decisions when market conditions improve.
In short: investment not only needs to pay attention to the payback cycle of individual projects, but also needs to comprehensively consider the overall market situation and your own situation. In today’s economic and cryptocurrency market environment, caution and rationality are the keys to success.