During this sluggish market Project coins or projects, many of you are starting to be unable to survive enough. Even big brother coins like Bitcoin or Ethereum have dropped a lot. Noonay Sitthiphol Phanwilai, CEO/Founder of Apetimism (NFT project) and influencer in the technology industry. Has released a post on the current situation of the crypto market, with the main theme of which is the game in the form of Play-to-Earn.
“What’s missing from the directory is that the last Play-to-Earn game I heard was a long time ago too. Because since the market downturn started, this word suddenly disappeared. That’s another indication that almost all Play-to-Earn games are nothing more than a “punch”.”
Noonay also talked about other X-to-Earn projects, not just Play-to-Earn, but everything that was an X-to-Earn project went in the same direction and none of the rest. any value as of now
As Khun Nuey said, Play-to-Earn games are nothing more than a Pyramid, probably because
Ponzi schemes require additional capital injections to pay the residents first. This condition is possible in an uptrend market where people are ready to pay more money into the system all the time. But in a downtrend where everyone is all aiming at withdrawing money, so the Ponytails can’t keep projects going, with existing ones starting to split. The newly opened part can no longer find Downline or people to invest. need to end
“Now the market is back to Fundamental, people who actually do business, even if they can live now, UNI, SNX, no matter how bad the market is, don’t be afraid. Still making money because it’s a real business, not a pyramid scheme built to fool people.”
Finally, Khun Nuey concluded in the post saying: Pyramids will continue to exist. Just keep changing the pattern and wait for the money to flow into the system. or only the bull market which until then Mrs. Nuey wanted to be aware that
“No matter what the outer shell If you hope for final profit, business is still at the core of this thing. A real business is not about paying the new money to the old until there are no more people to come and it’s over. And then come out with new bands and keep fooling people.”
when like this I want all investors to look out. And then we’ll have an advantage over this.
Source: Private Facebook for Khun Ney