Topic: Crypto Vs Lotto - page 5. (Read 787 times)
The chances of you winning at Lotto is very low there is no 1 percent but in the cryptocurrency there is high chances for you to earn money. But in Lotto you can get millions of dollars in only few dollars but in one in the millions combination of numbers and if you are lucky you win but only few people over billions of people around the world become millionaire. Here at cryptocurrency we can earn more and now millions of people are changed their life because of crypto because they got a lot of profit.
I think OP itself is giving the full details about that Lotto is a gambling which is purely based on your luck and investing in it is only loosing chances are high but investing in crypto is a good investment option which give you profit on low to high options. Profits in crypto are in your hand how you are going to trade them and when you book profit.
So it is really a good option to invest in crypto slowly on each dip and sell on each high and book profit so that back in low you should be able to buy back.
So it is really a good option to invest in crypto slowly on each dip and sell on each high and book profit so that back in low you should be able to buy back.
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.
Those are two entirely different things. You mentioned odds, they are not on our side when playing lottery. By investing in crypto currency are better. Lottery can not be called as investment, it is try of a person to win big. People usually do not spend much on lottery tickets and have opportunity to win big. In crypto world at this stage, you should invest little bit more money so you can get rich. I wouldn't give up on lottery but I am not expecting to much out of it. I don't think that I will ever become rich by investing in crypto cause I don't have much of funds to enter and I don't believe that I will find a coin that is cheap and will rise astronomically in price in the future but I do believe that will make some profit to me.
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
This is not a bood comparison since Lotto is not an investment and there is no guaranteed for profit. Obviously, bitcoin is way better because possible profit even if in short term trade/hold. Lotto is gambling, its a pure of luck even if you do strategies it will still not worth. Though many people are still playing Lotto, I still don’t see any future on that, better to invest your money in good assets. 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
As majority does, it is good to go with crypto investment rather than going full on lottery depending on mere luck. With cryptocurrency too there are people who experienced the change through luck, but the present scenario is good for buying and it assures profit by the halving if the prior events didn't make a big impact on the price of bitcoin.
Obviously since a lotto ticket is NOT an investment. Heck, you'd even get a better return on your money with lemonade stand.
One thing we need to address however is that bitcoin, unlike the lottery, is not a get-rich-quick scheme. It's an investment that takes time to grow. Lotto is a gamble, you either go home with the jackpot or nothing at all.
One thing we need to address however is that bitcoin, unlike the lottery, is not a get-rich-quick scheme. It's an investment that takes time to grow. Lotto is a gamble, you either go home with the jackpot or nothing at all.
Chances of return on investment are better / more. if we invest after properly studying the instrument and market conditions; the chance to loose the invested money are very low.
But chances of higher return are possible in lottery (though winning percentage is very very low) most of the people have to loss the amount of money spent in buying a ticket.
Well, the amount of money that they have to spend too is very much higher than the amount that they want to invest. Though if you earn everything from the time you have started betting on a lottery is much more. But the lottery is not an investment it is more like a gambling and the real investment is when you see your money growing without being touch. But chances of higher return are possible in lottery (though winning percentage is very very low) most of the people have to loss the amount of money spent in buying a ticket.
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.
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.
snip-
2. Cryptocurrency is in the form of investment, you can say the form of digital currency that is currently in transactions carried out in the network (online). That is, far the difference between lottery and crypto, so it is more profitable and directives to crypto.
Indeed, cryptocurrency investment has a hugely different between when you buying lottery tickets. A lottery is a form of gambling, not an investment though and of course, that is content of pure luck. Probably even you have been bought 1k tickets still 0.5% chances of winning, so that is not an investment that is gambling. 2. Cryptocurrency is in the form of investment, you can say the form of digital currency that is currently in transactions carried out in the network (online). That is, far the difference between lottery and crypto, so it is more profitable and directives to crypto.
Chances of return on investment are better / more. if we invest after properly studying the instrument and market conditions; the chance to loose the invested money are very low.
But chances of higher return are possible in lottery (though winning percentage is very very low) most of the people have to loss the amount of money spent in buying a ticket.
But chances of higher return are possible in lottery (though winning percentage is very very low) most of the people have to loss the amount of money spent in buying a ticket.
The way it works is also different, what are the advantages, between crypto and lottery.
In this case there are two elements that arise when you declare (crypto and lottery).
1. in lottery form, in real, transparent ways to do prizes / draws to raise funds and draw winnings randomly, to pay money for selling lottery tickets to token holders, this is very different from investments such as crypto where buying and selling.
2. Cryptocurrency is in the form of investment, you can say the form of digital currency that is currently in transactions carried out in the network (online). That is, far the difference between lottery and crypto, so it is more profitable and directives to crypto.
In this case there are two elements that arise when you declare (crypto and lottery).
1. in lottery form, in real, transparent ways to do prizes / draws to raise funds and draw winnings randomly, to pay money for selling lottery tickets to token holders, this is very different from investments such as crypto where buying and selling.
2. Cryptocurrency is in the form of investment, you can say the form of digital currency that is currently in transactions carried out in the network (online). That is, far the difference between lottery and crypto, so it is more profitable and directives to crypto.
You cannot compare crypto with lotto . The prize at lotto could go up to 1 billion dollars and that can be won only by buying a 5$ ticket while its literally impossible to make that much money with crypto even if you invest a few million dollars. Thats why the the odds of making profit with crypto are a million times higher than lotto.
of course crypto investment is better than lottery tickets.
it's just that you have to really choose to invest your money in bitcoin or altcoin which really has a roadmap, goals and a good team.
it's just that you have to really choose to invest your money in bitcoin or altcoin which really has a roadmap, goals and a good team.
Lottery is always about hope and crypto is all about investment. It is like giving a kid a doughnut and asking if he wants to wait for a second one or eat that one. Well, maybe not. But if you are getting a lottery ticket, you are getting this fast hope. With crypto, you have a longer term hope.
An investment and a lottery ticket are two different things which cannot be compared to each other. One can relatively predict the price of an investment depending on the gathered research and data. Unlike a lottery ticket, it heavily relies on luck alone. I believe people mostly buy lottery tickets as a part of a daily/weekly ritual just to see if the odds are on their favour. The chances of winning might be significantly low but there's still a chance of winning.
If he has the extra resource, why not purchase any lottery tickets? The chances might be low but one may never know until he/she tries it!
I should invest in cryptocurrency that wasting my money on Lotto. It's very obvious that you can't win and control the game easily in the lottery. Instead of wasting time and money, you should invest in cryptocurrency
If he has the extra resource, why not purchase any lottery tickets? The chances might be low but one may never know until he/she tries it!
There is a good reason why lotto is also called a tax for „stupid people“. But i can understand it, the thought of pretty much passive and instant wealth can be pretty irresistible at times. Slow and steady income is not what most people from the middle class and below need, most of the time they need fast money and they make that 1m lotto win possible in their heads because they think about what they could pay off with all the money.
Also, i do not want to offend anyone with my initial statement. If i did i apologize and obviously everyone can decide on their own what they do with their hard earned money.
Also, i do not want to offend anyone with my initial statement. If i did i apologize and obviously everyone can decide on their own what they do with their hard earned money.
I suppose there are ways of saying "virtually nil" but 300 million to 1 seems a bit far away from virtually nil. Now the odds of private key collission, that's virtually nil.
That said, I wouldn't exactly equate investment in Bitcoin as better than buying the lottery - the former's also not necessarily gambling. I do find it strange to look at events like halving and Baakt as reasons why Bitcoin's a good bet - you could say the same for a lot of other things, certainly for a lot of other cryptocurrency.
What about economic traits?
That said, I wouldn't exactly equate investment in Bitcoin as better than buying the lottery - the former's also not necessarily gambling. I do find it strange to look at events like halving and Baakt as reasons why Bitcoin's a good bet - you could say the same for a lot of other things, certainly for a lot of other cryptocurrency.
What about economic traits?
Crypto and lotto are two different things, lotto is kind of gambling while crypto is an investment, in crypto we can do research to see which coin got a better potential in the future, while in lotto we only depend on luck, and logically invest in crypto is better than lotto the profit chances are bigger and you can learn a lot of things by investing in crypto
Jump to: