Published in · 6 min read · Feb 16, 2023
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Undoubtedly, gaming has altered pop culture, changing how young people consume media. A superb record collection carries the same cache as a collection of video games, which are also regarded as necessary forms of entertainment.
Playing investing games is a great way for people to learn the fundamentals of managing investments and refine their skills. Old-school traders used to rehearse their strategy for this industry on paper and pen before the development of the digital world. But thanks to technology, we can now practice virtual money with crypto trading games.
What are Investment Games?
Gaming maintains a learner’s engagement longer than a traditional instructor or speaker would. The ability of any pupil to absorb a subject is also said to be improved by the visualized learning process, which makes understanding any concept simpler. Investing gaming platforms like CoinFantasy allows you to engage in fictitious investing. You can access a game from whatever protected site and location as long as you have access to the internet.
Why are Cryptocurrencies Best for Long-Term investments?
By giving users more financial freedom, cryptocurrencies are democratizing the investment world. Also, with the rising popularity of the underlying technology, blockchain, crypto trading games have become a new investing class.
Many young business people, including women, are interested in using cryptocurrencies to become financially independent. The market for cryptocurrencies is incredibly erratic. In 2021, the global cryptocurrency market hit $3 trillion. However, it is currently close to $1.98 trillion.
The increased use of blockchain technology across sectors boosts investors’ interest in cryptocurrencies. The research found that 58% of all cryptocurrency investors are under 34.
The adoption of cryptocurrencies by businesses, financial institutions, and governmental organizations is growing and still evolving. You must be aware of essential developments if you are an investor. By diversifying the portfolio, you can reduce risk. Invest in the underlying technology’s usefulness, expansion, and adoption.
Top 5 Games that Can Teach Long-term Investing
Following are some games that can help you with long-term crypto investing:
#1. CoinFantasy
CoinFantasy is the world’s first decentralized Play-2-Earn invest-gaming platform. With the innovative NO LOSS gameplay, players may make money just by playing the game. Through its diverse game categories, Coinfantasy is determined to gamify the crypto market, serving as a Layer 2 platform on top of the primary markets.
Initially, the players are introduced to a number of tokens from which anyone could create a lineup of stocks or cryptocurrencies and outwit others to earn prizes. By acquiring the actual asset, users can gain knowledge of many asset classes without being exposed to their volatility.
Users can mint NFTs in the game with varying levels of a rarity as they advance on the platform. Additionally, NFT users get exclusive access to the CoinFantasy metaverse. It provides access to events, memorabilia, and in-game goods.
#2. How the Market Works
Another investment game that goes above and beyond for investor education is How the Market Works. The implicit research tools, interactive personal finance calculators, and collection of more than 30 articles on local business, financial, and finance-related topics support learning right away.
Although investing clubs or teachers are the primary audience for the game, anyone may sign up and play for free. Once inside, you can participate in an ongoing challenge or create your own. If you decide to start your challenge, you may even set requirements for contestants, such as prohibiting the use of penny stocks and requiring a specific level of improvement to keep things more under check. Authentic stocks, ETFs, and pooled assets are available as investment options.
#3. Wall Street Survivor
When playing the Wall Street Survivor investment game, you make up fake investments in legitimate businesses. Start with anywhere from $10,000 to $10,000,000 in paper money. You can create your own open or private alliance or enroll in an open class. Play for bragging rights or monthly prizes of $2,000 in cash.
The educational component that comes with the game Wall Street Survivor is the best part of practicing investing.
Customized why and step-by-step guides assist you on the way. Additionally, you may access the website’s collection of free beginning guides, investing ideas, and 18-course instructional programs that cover financial issues, including portfolio building and credit development.
#4. Build Your STAX
Twenty years of investing are condensed into a half-hour game in the financial game Build Your STAX. It starts quite slowly by only offering you a small savings account, but as your money and investing abilities increase, additional investment choices become available. You can diversify into commodities, CDs, index funds, single stocks, and bonds. The game gives you a primer on each new investment as you unlock it, explaining what it is and the potential role it could have in your portfolio.
#5. Watch List
Users can build watch lists at the majority of significant brokerage firms to keep track of equities or funds that interest them. You can “monitor” a virtual investing portfolio by adding up to 50 investments to these watch lists.
You can monitor the gains and losses of each investment since you added it to the list using watch lists. You may add notes to individual investments using the notes feature, a fantastic location to retain a record of your reasoning for choosing that investment or the percentage of your portfolio you wanted it to represent. You can set up price alerts on your phone or email when you’re ready to make a purchase.
The Rise of Play-to-Earn Games
Gamers have made tremendous progress in exploring various game models. Play-to-earn NFT games are worth trying, even though straying from the gaming norm can be a little daunting. The top Play-to-earn NFT games should be played straight away.
The capacity of pay-to-win games to entice and retain players is one of their greatest advantages.
Why do they succeed so well at this?
Players start taking pay-to-earn games very seriously when they put money into them.
They don’t play these games to pass the time or relieve tension. These games are viewed by players as a sound financial investment that will pay off in the long run.
They only commit their time to play-to-earn games. Time certainly has value. But people don’t value it as highly as they make their money. The pay-to-earn approach is pretty encouraging in and of itself for keeping players engaged. It’s straightforward: the more they play, the more money they can anticipate making from the game.
Retaining players in these games is crucial.
These games continue to exist as long as enough participants are interested in buying, selling, and trading.
Conclusion
Trading is a difficult undertaking. Unbelievably, no investor has ever entered the market and gone on to achieve enormous success. You can practice trading and investing skills by playing investing games and simulators, which can help you become a more adept investor in the real world.
Given the expanding cultural importance of the gaming and eSports industries, many investors find investing in these businesses enticing. The industry has had tremendous growth in some years and is predicted to continue doing so.
If you enjoy playing video games, you may practice trading cryptocurrencies by playing crypto trading games like CoinFantasy or by interacting with other gamers in your community to exchange ideas before selecting which players you trust in the long run.
