Crypto Vs Lotto - page 4. | Bitcointalksearch.org

jossiel

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Quote from: shesheboy on March 05, 2019, 07:05:42 PM

why the hell would you compare lotto to a crypto ?

He isn't comparing crypto's to lotto but is giving advice to those people that are into lotto betting. He's advising that instead of putting their money into lotto tickets, it's better for them to save and invest to cryptocurrencies.

That's what he's emphasizing, although the title is misleading but if you're going to read the whole context and his point of view, you will understand that he's suggesting the best thing to do for those who keeps on buying lotto tickets.

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Quote from: ukloonion on March 03, 2019, 09:32:09 AM

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 Wink

Even if the odds are lesser like 100 is to 1 still I will not buy tickets from lottery. Somesay it is manipulated and for a better reason that it is forbidden for us to engage ( religion and culture). So it's a big no. Well for crypto it is still a doubt and all doubts for us are meant to be avoided but I have my own reasons that is why I am here, we all do , and the best thing is most of us have a common goal and that is success in this kind of investment.

sclmte

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If I choose to crypto vs. lotto, I'd prefer to stay in a cryptocurrency because I am always able to invest and earn at least a small amount. when lotto is not safe all the time and Im wasting my money, you just hope nothing, and for me, I'm focusing on a crypto where I earn really.

shesheboy

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why the hell would you compare lotto to a crypto ? i mean both are verry different and doesnt have any similiarities at all . crypto is an online currency while lotto is a kind of game and can also be consider as a form of gambling . what you mean is the risk ? well crypto isnt risky but it will be if you will use it as an asset or for investment use because the value can go up or down . while lotto is also risky because the chances of winning is verry slim .

Cashi

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A big difference is that crypto has a working product and has an existing use case. Crypto as a payment system / or to improve business (ETH) is a useful technology while Lotto (lottery) has no use case and is only Gambling. It's better to compare crypto gambling sites vs. Lotto.
People shouldn't see crypto just only as an investment to make money, it's also a very useful technology.

tippytoes

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Quote from: PlusOne88 on March 05, 2019, 06:20:58 PM

The comparison you have made is not actually equal as an opportunity. While the other is a form of a business, the other one describes about luck which only happens by chance and not by choice. Being rich is not a chance. It is something planned and worked where you have to give your all to achieve something and make your life better.

The very reason why you don't need to compare the two. They are totally different in every aspect. But I would say, better invest your money in crypto rather than putting your bets in the lottery. But then again, it all depends on your call. It is your money so you will be the one to decide where you put it.

PlusOne88

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The comparison you have made is not actually equal as an opportunity. While the other is a form of a business, the other one describes about luck which only happens by chance and not by choice. Being rich is not a chance. It is something planned and worked where you have to give your all to achieve something and make your life better.

Caladonian

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This is a great encouragement for people who are aiming to invest their money, crytpocurrency is a good place to take your chances as the current situations still on it's correction period, if you have plenty of time to study and make a good research you will be able to find big potentials for this industry to go big.

With those selections of big news which is expected to change the trend, it's wise to invest from this early stage of time.

Chikitita2004

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Lottery is not even considered an investment. You try to drop the money you pay in lotto in a piggy bank everyday or depending on the number of times you play lotto in a week, in two years you will be having a not too big savings but at least you didn't lose. You then can use this money to invest in something if not in cryptocurrency.

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Quote from: vixcious on March 05, 2019, 08:03:35 AM

what the

, I think that anyone really knows and the lottery is a game of chance. Some people spend thousands of dollars to buy lotteries but he never gets any bonuses from it.
Investing in crypto will always be profitable provided you have knowledge of the transaction.

For me its not even a game. Lottery for me is donation for charity, although there are people who won lottery but the chance of us individually winning is below a half percent cannot be consider as a game. Cryptocurrency has more probability of getting profit even not as high as you can "win" in lottery.

vixcious

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what the

, I think that anyone really knows and the lottery is a game of chance. Some people spend thousands of dollars to buy lotteries but he never gets any bonuses from it.
Investing in crypto will always be profitable provided you have knowledge of the transaction.

samcrypto

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Quote from: ?? on ??

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.

Both are risky but I will still go with cryptocurrency. I play lotto before but never to expect any profit while with bitcoin or other coins, I just put money last week and you can expect to get profit in the next week. You don’t need to analyze well, simple mathematics can tell you cryptocurrency is way better.

richminded

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Quote from: dothebeats on March 04, 2019, 11:52:04 AM

Every investment, no matter how poorly-thought it was is probably better than any other lottery games out there in terms of win probability and ROI. I myself am a fan of lottery for a decade now, and have won quite a sum already though the chances of winning is indeed infinitesimally small compared to investing in crypto. I can pretty much get my ROI within a month or two in crypto, no matter the amount with the right approach than keeping the same 6 numbers for a decade and winning it all.

Really took more time before winning on a lotto and its still not guaranteed. I just play some lotto games because its easy to win on that. Cryptocurrency is an investment right now and that’s why its better to invest and hold. I know someone who keeps on betting on lottery and yet he’s still not win any millions though he got lucky to win for about $500 but after that, he lose more money. Don’t waste your time and money in lottery, go for bitcoin!

Naida_BR

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The lottery is just a game and not an investment. The chances of getting a profit through the lottery are very very low. As you try to get the lotto you are wasting more money that you will win (if you ever win). Cryptocurrencies is a good way of taking the chances and getting some money because there is a high probability of earning than in lotteries.

TheCoinGrabber

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Tax for the fools they said. Yet I buy a ticket at least once every two months. The only form of gambling I engage in. It not hard to understand why people are willling to spend a little money, to have a CHANCE of multiplying it more than sevenfolds. High risk of loss, but what you lose is a tiny amount.

It's completely different from any type of investment, many which will NOT make you a millionaire overnight. Guess OP is pointing out that money spent on tickets is better spentnof bitcoins but considering what we just said, it's better of spent on something else anyway.

With the things he listed, I'm pining my hopes more on LN. If BTC can prove itself a convenient mode of payment, people tired of banks might try it, especially since it also promises better returns than most plans a bank offers.

wuvdoll

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You say lotto is 300 million to one but those people who buy tickets usually buy something like 10 bucks or maybe 50 bucks at most and that is it, they do not see it as an investment, they see it as a way of gambling which is the reality. Investment to bitcoin and buying lottery tickets are not even remotely close to each other hence we can not compare it. There is a huuuuuuge difference between investment and lotto.

Are you telling the truth about investing into bitcoin could probably yield more profit than buying a ticket ? For sure, you are definitely right about that however people are not looking for couple percent increase or even double triple of what they invest into with lottery, they are looking for putting up 50 bucks and making couple million dollars in return, that is the type of potential return in lottery and even though its highly unlikely that is the whole reason why lottery exists.

freedomgo

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I would go with crypto, Lotto gives little chance to win and it's purely based on luck.
Crypto we can enjoy here and put our passion in investing, we are in the early investors so we have a better chance to get the best profit we expect.
I have experience being profitable during the last bull run and I would continue to support crypto as I know it has a lot to offer into my life to be more financially successful. Actually if we can do both, I guess there's no problem with that.

MRlong

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Quote from: Dikarama7 on March 04, 2019, 01:21:10 PM

Crypto investment is better because it has the potential to provide profits, and for lotteries I think it is far at risk because of the greater potential loss.

I think Lotto is the lottery and this depends mostly on the luck of each people. The ratio of the people who win the lotto is rare so that I think you should invest in crypto and hold for the long-term to have more chance to get profit than playing Lotto.

Blockfolioz

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Quote from: BitcoinFani on March 04, 2019, 05:36:23 PM

You've filled me with hope, thank you Of course the prices of litecoin and bitcoin halvings will impact. but if it falls to a lower level than, for example, Bitcoin falls to $ 1000. In such a situation, my hopes will be exhausted. I hope this does not happen and we see the rise.

As you're into the cryptocurrency network your mind should always have a positive thinking. At any instance it should not think about negativity. Even if something happens unexpected with the market you need to be prepared enough to accept it. Investing depending on these many events provide assured profiting.

kodtycoon

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why compete between investment and gambling games crypto vs lotto, obviously very much different positive things already exist on the investment and business pages yeah. while gambling is not in the ledger of business economics only enriches the host mate and good ledgers don't apply gambling

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