Axie Infinity: A Risky or Safe Investment

Investing in play-to-earn games such as axie infinity game is better than merely spending money on in-game purchases in other online video games that would yield no returns.

The associate vice president for investment instruction of the Junior Fellowship for Financial Literacy – an organization formed by Ateneo de Manila University students – stressed a list of things that must be considered and evaluated before investing in axie infinity game.

Generally, people need to know their objective and risk tolerance level. For me, the first thing you must consider before you enter any investment is the risk. How much are you ready to lose, and how comfortable are you to lose?

As an investor, I warned against making decisions based only on the hype toward a product. And, it is not wise to jump on the hype. You can earn through hype because you go along with the trend you make with people, but you may be constrained without a proper exit plan.

The price volatility of cryptocurrencies must also be considered as they are harder to predict than stocks. Early in the second quarter of the year, the SLP soared to a rate of P20. As of Sept. 14, 3:00 p.m., the SLP was valued at P4.40.

Axie Infinity: A Risky or Safe Investment

Axie Infinity seems volatile, and that’s the scary part. It can be unpredictable sometimes, so you cannot make a long-term plan for it if that’s the case. It is easier to create long-term goals than stocks because you have the fundamentals.

Overall, some financial experts believe axie infinity game is risky, considering it was created in 2018 and has only recently gotten the hype in the market. Although you could earn a good passive income from it, the problem is it’s not always about the returns.

Suppose you are a potential manager or scholar. In that case, you need always to treat whatever money you are making from axie infinity game only as a “blessing” or a backup source of income, even if your earnings from it tremendously exceed your primary source of income.

Axie Infinity’s two-year history is enough for it to gain credibility. As an expert in the cryptocurrency world, I am used to assessing the risks of whatever wants to take my money. Axie Infinity has been operating since 2018. That’s already four years. Come to think of it; there must have been players since then. They have not shut down either. The developers are still working, and the game is still gaining popularity.

Axie Infinity: A Risky or Safe Investment

What are the risks involved? 

The game would be more stable if threats on the system were handled well. Cyberattacks such as DDoS can halt a site’s operation by flooding it with several malicious traffic. 

Meanwhile, other controllable risk factors also threaten axie infinity game players, such as getting banned from the game. That is his top-most concern. An individual playing on multiple accounts is among the grounds for getting banned.

With the scholarship, the main risk is having your account banned. When your scholar’s account gets banned, even the manager’s account would be banned as well, which is why you still need to hesitate to take in scholars from people you don’t know. 

Aside from getting banned, players should also fear having their wallets hacked through phishing. A social engineering attack is often used to steal user data, including credentials and credit card numbers.

Phishing scams are prevalent when it comes to cryptocurrencies. That is why you need to be careful of the links you click, as well as the cryptocurrency sites you visit. You also need to be cautious of Ronin Wallet.

Ronin Wallet is a Google Chrome extension that allows users to play axie infinity game and other decentralized applications running on Ronin, an Ethereum sidechain explicitly built for blockchain games. Ronin Wallet and Metamask are two crypto wallet accounts needed to cash in and convert Ethereum to Axies.

Axie Infinity: A Risky or Safe Investment

What are the Regulations?

In the Philippines, where their minimum wage falls between P316 and P537 per day, Axie Infinity has presented itself as an appealing option to expand families’ declining economic capabilities amid the pandemic fallout.

The primary reason was how taxes were not deducted from their generated income. However, recent reports said the Department of Finance (DOF) recognizes transactions made from axie infinity game as taxable.

Based on reports, Finance Undersecretary Antonette Tionko said the cryptocurrency earned from the game is taxable. However, the government is yet to establish a mechanism to collect taxes from digital assets.

However, she disclosed that both the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) have yet to decide if an “Axie” would be characterized either as a security or a currency. She said its characterization would determine how it should be taxed.

Axie Infinity: A Risky or Safe Investment

Sky Mavis has not yet registered in the Philippines. Both the SEC and BSP earlier said they are still studying the regulatory touchpoints regarding Axie and that they are not yet requiring the company to register. Sky Mavis told players in a statement a month ago to comply with their home country’s regulations and tax rules.

Under the law, a foreign entity must secure prior registration with the SEC if they want to do business in the country. By registering, their onshore operations will be subject to Philippine tax laws.

If individuals decide to transact with unregistered entities, the SEC said the government could offer little to no protection against harm and any form of misconduct from these companies.

Plans to impose taxes on earnings from axie infinity game have since triggered adverse reactions from the Filipino Axie community. They also wondered how the government would track those earning from the game if the nature of cryptocurrency allows anonymity.


Despite people’s high level of interest in cryptocurrencies, Miranda asserted that skepticism toward them will always be present. I encourage you to understand cryptocurrencies and how they work before assuming that investing in axie infinity game is a scam, considering its prerequisite of buying at least three Axies before getting started.

Why are NFT games so popular?

Why playing Axie Infinity can be dangerous?

I know you’ll be curious to know what I want to say about Axie Infinity. Someone approached me the day I held a seminar about the effects and damages that Axie Infinity has brought into the world. Don’t be shocked by what you’re reading. Honestly, if you can pay attention and shun distractions as you read through, you’ll later agree with my point of view concerning this matter. 

There’s a saying that “there’s nothing in life without a limitation or a weakness.” Firstly, I need to ask if you agree with that saying. Then, if you agree with that saying, you should also agree with me that Axie Infinity has its side effects. Do you know that as some people are hailing Axie Infinity, some people are also thinking about how to stop playing it? That’s an irony of life. I am talking about people that understand every cheat and trick to win. I was shocked when a friend told me that he was looking for a way to stop playing Axie Infinity. Then, I began to ask him a series of questions. Honestly, I wanted to know why and I am also looking for a way to encourage him to continue playing this game. Don’t mind me; I was thinking about the money he had made from playing Axie Infinity. But he replied, “you can’t understand.”

playing Axie Infinity

So, since then, I traveled in thought, and I came out with something interesting. Do you know playing Axie Infinity can be dangerous? Oh! Let me ask this way. Do you know that there are side effects or limitations to Axie Infinity? 

Thus, who will answer the above-listed question? And that’s what this article is all about. I’ll be revealing the shortcomings of Axie Infinity, and I’ll be showing you how spending much time on this game can be dangerous.

Why playing Axie can be dangerous?

Axie can be dangerous
  1. Axie Infinity is beyond having fun: Axie Infinity these days has gone beyond having fun. Initially, games are created to take people out of worries and stress and make them feel relaxed. Although, Axie started with the intent of helping people to come out of concern and pressure from their daily work. But playing Axie Infinity turns into a platform to gather worries and more mental stress as time goes on. What do I mean? No one prays to lose in Axie. If you lose, then the money used to buy the three creatures called Axies has gone. So, you have to stay awake and look for every means to be relevant in the game. I have seen people whose health is at risk because they’ve invested so much in Axie Infinity and think about how the money will not be a waste. So, if we go by the initial intention of creating a game to reduce worries and stress and make people feel relaxed, then Axie Infinity is out of the radar. I hope you understand what I am trying to say here. You can also read about Play to earn games by clicking here.
  2. Playing Axie Infinity increases laziness among the youths:
a man using mobile

Nowadays, children are looking for a simple way to make money. The kids and even some adults also withdrew from their daily and concentrated on a game. Can you imagine that? What can you say to prove that your daily job is playing Axie Infinity? Have you seen youths around you playing this game and taking it as a profession? So, if that is the case, then Axie Infinity should be seen as a business and not a game. If you want to play Axie and earn money, you must first invest. One must buy three Axies before one is eligible to play this game. Is this how games are planned or created in the first instance? So, why did games turn into a business where you have the chance of winning or losing that might bring worries and sleepless nights? You need to think about this point and agree with me. Nowadays, youths are hiding underplaying play-to-earn games like Axie Infinity, and they have one way or the other, take this game as a profession. Is that right? 

  1. High risk of losing money: Many people had lost a reasonable amount of money in investing in playing Axie Infinity. I see as though things are turning upside down. It is now in our generation that you’ll see strange things happening. I don’t know when the game turns out to be an investment. It should be crystal clear that you’re engaging in investment if you’re investing.
money on fire

On the other hand, a game should also maintain its purpose. And we all know that games are created for entertainment. So, if you want to play Axie Infinity, you need money to buy a starter pack. And if you lose the game, you must purchase another package to start over again. Then, how can I play a game without losing? Is it possible? So, the more I lose, the more I spend money to restart. 

  1. The high price to partake in Axie Infinity: Engaging in this game can be dangerous because Axie Infinity’s starter pack is expensive. Imagine someone spending $500 on buying Axies which might later be useless at the end of the game. I also heard that the price of these Axies is not fixed or stable. The price fluctuates. Research shows that this game has made up to $2 billion in sales. Can you imagine that? As the price of these Axies is increasing in the marketplace, the cost of buying a starter pack is rising. This topic is what you need to concur with. The points here are fundamental. 

On a final note

This article is not to stand against anybody’s write-up. I am only trying to educate you and open your eyes to see something different. Of course, life itself is full of ups and downs. So, I am not writing to stop you from playing this game. I am only showing you the other side of the story about this game. Do you find it interesting? Why not share with people? You can do that by sharing the link to this page with families and friends. Finally, do you have a question? Drop it in the comment box. Also read about The 8-Step SEO Strategy for Higher Rankings in 2021 by visiting