Lol, how dare you compare crypto investment vs Lotto. The odds are stack up against you in a lottery as compare to crypto wherein you can mitigate the risk yourself. That is if you do your own diligence and invest on coins that has a potential to have a good returns like bitcoin. Heck even shitcoins you can earn huge money if you invested on time and get out before it goes down. Unlike when you 'invest' in lotto wherein the only way you gonna win is when you get lucky.
It is not as outrageous as you think, it is true that investing in cryptocurrencies is not the same as trying to win the lottery but many so called investors treat investing in cryptocurrencies in the same way, they buy as many coins as possible with the hope that the coin in which they invested skyrockets, but if you ask them why they invested in that coin they will have a blank stare, they will not know how to answer that question since they never evaluated their investment and the chances it had to go up in value. 
Topic: Crypto Vs Lotto - page 2. (Read 808 times)
Lottery is a game of chance and luck and everyone have where his/her luck is, cryptocurrency is a very good investment and it have the ability to make a millionaire out of a no body and to spice it up is the different programs and approvals that are line up in the future that will lead to the price getting to the moon. So it all depends on where one choose to base his investment in.
There are currently 855 Coins in CoinMarketCap
That means coins that actually have some volume and are present in some markets.
Even if you could only invest in one of those you would odds of 1 in 855 incredibly higher than the
1 in 13,983,816 of lotto
If you take the time to research, study the markets and read the whitepapers you probably could drop most of those having a short list of projects of 100.
That means 1 in 100.
With more time, more money and more effort you can increase your chances even more, that's the big advantage of crypto, massive rewards for those that truly understand the technology, and put in the effort.
That means coins that actually have some volume and are present in some markets.
Even if you could only invest in one of those you would odds of 1 in 855 incredibly higher than the
1 in 13,983,816 of lotto
If you take the time to research, study the markets and read the whitepapers you probably could drop most of those having a short list of projects of 100.
That means 1 in 100.
With more time, more money and more effort you can increase your chances even more, that's the big advantage of crypto, massive rewards for those that truly understand the technology, and put in the effort.
Cryptocurrency is more better than lottery. Why? Because cryptocurrency is an investment and you can still wait for the right time to get back your money depending on its price while lottery is not. You will only pay for a one in a million chance to win a large amount of money. And possibilities to win is very low.
It is not even comparable,. For cryptocurrency, you can drop your money, feel so relaxed knowing that it is safe and just keep your fingers crossed for the appropriate time to pull out while in the case of lotto its one is going with the mind of either loosing or getting back.Lotto is mainly for those who want quick ways to becoming rich and are ready to risk anything. It is actually a very quick way to make money if it works and it is for impatient money hunters.
Well lottery is plain luck. Nothing else to it. And what op said is making a lot of sense. With the current state of almost all major coins and with all things that's going to happen this year and next year, you can really make s lot of money if you have the capital to invest now. I imagine a x2 for btc easily in less than 2 years.
Investing is better than lotteries and investing in cryptocurrencies is like investing into your future. Many people are making money from the little there have invested in some years back and they are still holding some value.
Lottering is not an investment. It is just trying out your luck. Crypto however can be an investment. So practically, whoever chooses lotto knows that crypto is better and a wiser choice to lotto.
Cryptocurrency is more better than lottery. Why? Because cryptocurrency is an investment and you can still wait for the right time to get back your money depending on its price while lottery is not. You will only pay for a one in a million chance to win a large amount of money. And possibilities to win is very low.
It is not even comparable,. For cryptocurrency, you can drop your money, feel so relaxed knowing that it is safe and just keep your fingers crossed for the appropriate time to pull out while in the case of lotto its one is going with the mind of either loosing or getting back.Lotto is mainly for those who want quick ways to becoming rich and are ready to risk anything. It is actually a very quick way to make money if it works and it is for impatient money hunters.
Sure you can do both but does it really makes any sense?
Why would not make sense to play here and there some lottery ticket? Chances are very small, no doubt about that, but I win one time big money, and many time I've won smaller prizes. It is just a game with very small stake, and I can not buy any significant amount of bitcoin even if I never play a lottery.
What OP is saying is basically, don't waste you money but rather save it, in form of cryptocurrency.
Instead of buying tickets for the lottery, that you will going to loose anyway, buy a little bit of bitcoin or something similar.
Instead of buying tickets for the lottery, that you will going to loose anyway, buy a little bit of bitcoin or something similar.
There are many other wastes of money we do every day, and that includes alcohol, cigarettes, junk food, drugs and many other things. One beer, a box of cigarettes and a burger costing me as 4 or 5 lottery tickets. For me personally, it makes more sense to give up such things, which are much more expensive and much more harmful for health.
Why is it lined up with a lotto game?
I mean, that is not a good comparison although I get it to where you are going at.
Invest wisely and not just gamble anything. There are ways to invest but lotto is not one of the best. Mostly it is just the losing side for the percentage of winning is way low. Rather save that money and invest with bitcoin.
I mean, that is not a good comparison although I get it to where you are going at.
Invest wisely and not just gamble anything. There are ways to invest but lotto is not one of the best. Mostly it is just the losing side for the percentage of winning is way low. Rather save that money and invest with bitcoin.
Winning the lottery it's a matter of luck, it has nothing to do with cryptocurrency, and why should anyone stop playing lottery to invest in cryptocurrency, you can do both in the same time.
-snip-
Sure you can do both but does it really makes any sense?-snip-
What OP is saying is basically, don't waste you money but rather save it, in form of cryptocurrency.
Instead of buying tickets for the lottery, that you will going to loose anyway, buy a little bit of bitcoin or something similar.
You chances are much, much greater to have profits, maybe not as spectacular as lottery jackpots but way more sure. It is hard to dispute this simple fact as chances to win big are expressed in millions to one. Bitcoin wallet as a piggy-bank - good, old hodl
~snip~
Winning the lottery it's a matter of luck, it has nothing to do with cryptocurrency, and why should anyone stop playing lottery to invest in cryptocurrency, you can do both in the same time. I know some people who win big money in lottery, and I win also long time ago, so it is possible and it not cost some big money.
Regarding good things that you mentioned, some of them are probably far away, and it will take years to become reality (ETF), and halvings (and we have only 2 so far) will produce some effect maybe 1+ year after they happen. Bakkt is quite uninteresting project for ordinary users, and they have problems with launching, who knows when they will start to operate.
The only bright spot is Lightning network, we can see that it is working and that more and more people / services is using this technology every day. To get rich with crypto you also need lot of money if you want to invest in bitocin, and 4000$ to buy one bitcoin is not small money. On the other hand if you pick some promising altcoin, and dump it in time of some big pump you can earn nice money.
I'm not going to risk my assets in lottery where there's no assurance of winning, it's a game of luck and big losses if you don't hit the winning numbers. Cryptocurrency may be volatile, and is unpredictable but if played strategically and correctly then it can be very profitable. With cryptocurrency, it gives you knowledge about finances, investment, savings, marketing strategies and a lot more, which I find very helpful. It's about nurturing our minds with the necessary information that can help grow our earnings, and to learn for more aspects on how to become successful in the world of cryptocurrency. It comes with hardwork, persistency, and having the strong will to achieve goals in life.
The odds of winning a national lottery are virtually nil, something like 300m to 1 which makes it practically impossible. Rather than waste time on tickets, save and invest in crypto. Look at all the good things lined up:
ETF applications - One will inevitably succeed leading to a mega pump (just like when gold was added)
BAKKT - If an ETF is not approved, who cares as BAKKT will bring the financial institutions into crypto
Lightning network - for mainstream adoption
August 2019 - Litecoin halving
May 2020 - bitcoin halving (see historic charts for these huge halving pumps)
All coins are like 80% from the all time high, odds of getting rich from crypto is millions of times better than the lotto. Be smart and invest wisely
ETF applications - One will inevitably succeed leading to a mega pump (just like when gold was added)
BAKKT - If an ETF is not approved, who cares as BAKKT will bring the financial institutions into crypto
Lightning network - for mainstream adoption
August 2019 - Litecoin halving
May 2020 - bitcoin halving (see historic charts for these huge halving pumps)
All coins are like 80% from the all time high, odds of getting rich from crypto is millions of times better than the lotto. Be smart and invest wisely
How certain are you about August 2019 and May 2020? Yes it's better to invest in cryptocurrency than to bet on lotto draws. But it's too unrealistic to predict what's going to happen next about crypto.
Cryptocurrencies vs. Lotto is not great to compare, knowing that it has a different outlook on it and it's based on different things. Yes, both have money involved. One is High risk, High reward, and the other is low risk, super low reward. I think you know which goes to which.
Reading on some of the things you included, I think you are shilling towards BAKKT. I have searched it here, and the link is https://blockonomi.com/what-is-bakkt/
I think everyone wants to have mainstream adoption because it would be the ones going up the market, and knowing cryptocurrencies, it could likely to happen, but the thing is, does it bring the necessary features that others can't, or should I say, Bitcoin can't? I think Bitcoin would still be here to stay and investing in it would be a good thing. If you want your money to be put to good use, don't buy a lotto ticket, in the end, you won't be able to recover unless you are that minuscule chance that wins it.
I remembered something when I read the "BAKKT" part on your post.
It's like one of the surnames of one of the leading roles in the series Sense 8
Reading on some of the things you included, I think you are shilling towards BAKKT. I have searched it here, and the link is https://blockonomi.com/what-is-bakkt/
I think everyone wants to have mainstream adoption because it would be the ones going up the market, and knowing cryptocurrencies, it could likely to happen, but the thing is, does it bring the necessary features that others can't, or should I say, Bitcoin can't? I think Bitcoin would still be here to stay and investing in it would be a good thing. If you want your money to be put to good use, don't buy a lotto ticket, in the end, you won't be able to recover unless you are that minuscule chance that wins it.
I remembered something when I read the "BAKKT" part on your post.
It's like one of the surnames of one of the leading roles in the series Sense 8
The odds of winning a national lottery are virtually nil, something like 300m to 1 which makes it practically impossible. Rather than waste time on tickets, save and invest in crypto. Look at all the good things lined up:
ETF applications - One will inevitably succeed leading to a mega pump (just like when gold was added)
BAKKT - If an ETF is not approved, who cares as BAKKT will bring the financial institutions into crypto
Lightning network - for mainstream adoption
August 2019 - Litecoin halving
May 2020 - bitcoin halving (see historic charts for these huge halving pumps)
All coins are like 80% from the all time high, odds of getting rich from crypto is millions of times better than the lotto. Be smart and invest wisely
ETF applications - One will inevitably succeed leading to a mega pump (just like when gold was added)
BAKKT - If an ETF is not approved, who cares as BAKKT will bring the financial institutions into crypto
Lightning network - for mainstream adoption
August 2019 - Litecoin halving
May 2020 - bitcoin halving (see historic charts for these huge halving pumps)
All coins are like 80% from the all time high, odds of getting rich from crypto is millions of times better than the lotto. Be smart and invest wisely
I totally agree but people should not be too hurry to invest in cryptocurrency because there is also a risk involved here and only invest what you can afford, sure their a huge profit to be made here but do not just invest in any coin do a research and ask experts there are still a lot of traps in cryptocurrency investing.
Even the most guaranteed investment can be likened to gambling because it always carries a low risk. I think the analogy you're doing isn't right because even the most risky investment in all markets is definitely not the same as gambling or lotto. Although the chance factor is important in the investments made, it will certainly be perceived as an analogy of error and simple amateurism. You also have the risk of losing all the money with lotto, but it is not possible for this market at the moment. Yes, there is the possibility of losing a significant amount of money, but there is no possibility of losing all the money.
Lottery is just a thing of total luck, no form of thinking,strategy or whatever, it's just about buying the tickets and praying to mother luck for a favor, which sadly never comes.
Definitely crypto trading is much better and more efficient that it, there is no comparison between the both of them.
I think the only reason why someone will forfeit crypto trading for lotto is simply because the individual can't handle the demands inherent here, and is seeking an easier(though impossible)way out
Definitely crypto trading is much better and more efficient that it, there is no comparison between the both of them.
I think the only reason why someone will forfeit crypto trading for lotto is simply because the individual can't handle the demands inherent here, and is seeking an easier(though impossible)way out
with all the certainty, to invest in crypto to be better than lottery, only the technology bitcoin has already helped many people, I believe that 2020 will be a very hectic year!
Hopefully this will happen, 2020 will only stay next year, even though in 2018 bearised trends occur throughout the year, but in 2019, crypto has begun to show resistance, so that it is expected that 2020 will be better hero member
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Its strange that you are comparing Lotto with Crypto 
Crypto is the future and those who are investing in crypto now will surely be the millionaire for future. Lotto is only a luck base game and there is only 1% chances that anyone can win in lotto.
You are correct, crypto is not a game of luck, it's a game of betting on the future of crypto based on its potential. Crypto is the future and those who are investing in crypto now will surely be the millionaire for future. Lotto is only a luck base game and there is only 1% chances that anyone can win in lotto.
Lotto give better win but not for everyone since we all know of the million bettors only few are lucky, but crypto gives us the opportunity now based on what we think it will achieve in the future, it gives us the information where we can analyze unlike in lotto where it's just a random no. generated by the system.
Maybe he needs enlightenment from us so he can know the differences between crypto and lotto
But somehow, I agree with the OP that saying save and invest in crypto because we know that soon the market will change and the bear market will leave and when the bull market comes, we are ready to make the profit again.
Its strange that you are comparing Lotto with Crypto
Crypto is the future and those who are investing in crypto now will surely be the millionaire for future. Lotto is only a luck base game and there is only 1% chances that anyone can win in lotto.
You are correct, crypto is not a game of luck, it's a game of betting on the future of crypto based on its potential. Crypto is the future and those who are investing in crypto now will surely be the millionaire for future. Lotto is only a luck base game and there is only 1% chances that anyone can win in lotto.
Lotto give better win but not for everyone since we all know of the million bettors only few are lucky, but crypto gives us the opportunity now based on what we think it will achieve in the future, it gives us the information where we can analyze unlike in lotto where it's just a random no. generated by the system.
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