Bitcoin Forum

Economy => Economics => Topic started by: ukloonion on March 03, 2019, 02:32:09 PM



Title: Crypto Vs Lotto
Post by: ukloonion on March 03, 2019, 02:32:09 PM
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 ;)


Title: Re: Crypto Vs Lotto
Post by: bitmover on March 03, 2019, 08:26:13 PM
Any Investment that you do wisely  is better than lottery.

The only way to have a better life for middle class is by Saving and investing.

Lottery chances are almost zero as you said, that's not an investment.


Title: Re: Crypto Vs Lotto
Post by: hatshepsut93 on March 03, 2019, 09:36:27 PM
I remember some time ago someone asked on reddit why people buy lotto tickets, and the top answer was it's not that the person think of it as an investment, but instead they buy the emotional thrill of the possibility of winning, even though it will most likely never happen. So, gambling shouldn't be analyzed from an investment point of view, but rather from an entertainment one. So, comparing crypto at lotteries doesn't make much sense.


Title: Re: Crypto Vs Lotto
Post by: gantez on March 03, 2019, 10:19:12 PM
Investment is a business venture that one does for an expectation of a future gain. Therefore, it is obvious that buying of coins is an investment but lotto or gambling are not invest. They involve an instant expection and whose outcome is not really dependent on the partaker's experience but on chance and luck. Hence, coin investment are far better.


Title: Re: Crypto Vs Lotto
Post by: finaleshot2016 on March 03, 2019, 11:45:04 PM
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, It might pump your assets and be a millionaire. In investments, you can control it, you can study all about it and the odds depends on your activities while in the lotto, it will just take your money every day and you have a low probability of winning.

I go for investing, it's an obvious answer.  ;)


Title: Re: Crypto Vs Lotto
Post by: Oilacris on March 03, 2019, 11:51:11 PM
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 ;)
But when it comes to price of tickets compared to amounts being invested on crypto would really be entirely different. How much is a lottery ticket? Odds is almost impossible but it do have the chance
on hitting up but as been said we shouldn't expect at all.We can still bet on lotto while you are investing with crypto yet the price isn't really that big at all.On the
practical side, investment is always been an ideal thing.


Title: Re: Crypto Vs Lotto
Post by: gentlemand on March 03, 2019, 11:55:20 PM
I would hope that the average crypto investor is a very different beastie to the type of tit who spends their entire income on lottery tickets. One is taking a reasoned gamble based on the facts available. The other is taking a blind leap with dogshit odds.


Title: Re: Crypto Vs Lotto
Post by: orions.belt19 on March 03, 2019, 11:56:23 PM
Investments are surely different from the lottery, I don't think that they're comparable. When you buy a lottery ticket, there's only a 0.1324...% chance for you to win, but when you invest it's guaranteed that you make a gain.. or a loss. The only question is which of the two. There's a chance for you to lose in both but what I'm saying is it's more likely for you to lose in the lottery. If you were to compute the probability of winning the lotto, you won't even have 1%. And even if you try all the combinations possible in the lottery, the winnings won't even compensate for the amount you spend for every ticket.

I suggest to invest in other things, not only crypto. You should diversify your portfolio.


Title: Re: Crypto Vs Lotto
Post by: 0t3p0t on March 03, 2019, 11:57:35 PM
Any Investment that you do wisely  is better than lottery.

The only way to have a better life for middle class is by Saving and investing.

Lottery chances are almost zero as you said, that's not an investment.
Yeah lottery is not an investment it is just for fun and of course the matter of luck.  Lottery could make us an instant millionaire but that is nearly impossible to win by effort unlike investment in Cryptocurrency where we can possibly gain profit in just a matter of seconds, minutes, hours, days, weeks, months or years of investing. Investing has already been proven effective by many but lottery only selects one lucky person.


Title: Re: Crypto Vs Lotto
Post by: davis196 on March 04, 2019, 06:39:18 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 ;)

Should we even compare crypto to the lottery scams.There's no room for comparison,even though millions of people around the world think that lottery games are legit,while cryptocurrencies are a scam. ;D
LN is running and I still don't see massive btc adoption.The ETFs and Bakkt aren't very good for btc.


Title: Re: Crypto Vs Lotto
Post by: jossiel on March 04, 2019, 07:24:26 AM
Someone who's investing in crypto and still does with Lotto is doing it better than fully betting alone with lotto. At least in investing in crypto's you have some proof and hopes that can make it possible because those facts and finds are all valid.

Unlike in lotto, all you have to hope with is luck. Chances of winning on lotto's are pretty low compare to make few with crypto even during the bear market.


Title: Re: Crypto Vs Lotto
Post by: avikz on March 04, 2019, 07:31:56 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 ;)

You are comparing cryptos to a lottery system which are two different things and should not be compared. The title of the thread should have been written as "Want to get rich quickly? - Choose crypto over lottery!" Because you are mainly comparing chances of getting rich through these different systems!

However, I would not contradict to the possibilities that you have mentioned here because these are true! Cryptos are actually very cheap now and BAKKT is going to be a game changer for the cryptos for sure. However, don't have high hopes on ETF application because that's not going to bring any change in existing crypto eco system. It's just another over hyped product which will only increase speculation and nothing else!


Title: Re: Crypto Vs Lotto
Post by: Indrawan77 on March 04, 2019, 10:59:02 AM
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


Title: Re: Crypto Vs Lotto
Post by: buwaytress on March 04, 2019, 11:13:10 AM
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?


Title: Re: Crypto Vs Lotto
Post by: Monox on March 04, 2019, 11:27:35 AM
There is a good reason why lotto is also called a tax for Ąstupid peopleď. 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.


Title: Re: Crypto Vs Lotto
Post by: qwertyup23 on March 04, 2019, 11:35:16 AM
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.

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!


Title: Re: Crypto Vs Lotto
Post by: AppliedOptimal on March 04, 2019, 11:35:57 AM
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.


Title: Re: Crypto Vs Lotto
Post by: rhyoanime on March 04, 2019, 01:28:10 PM
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.


Title: Re: Crypto Vs Lotto
Post by: MakeMoneyBtc on March 04, 2019, 01:41:12 PM
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.


Title: Re: Crypto Vs Lotto
Post by: YOSHIE on March 04, 2019, 04:24:34 PM
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.


Title: Re: Crypto Vs Lotto
Post by: virendarnagpal on March 04, 2019, 04:40:05 PM
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.


Title: Re: Crypto Vs Lotto
Post by: sheenshane on March 04, 2019, 04:47:44 PM
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.


Title: Re: Crypto Vs Lotto
Post by: dothebeats on March 04, 2019, 04:52:04 PM
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.


Title: Re: Crypto Vs Lotto
Post by: Dikarama7 on March 04, 2019, 06:21:10 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.


Title: Re: Crypto Vs Lotto
Post by: Oceat on March 04, 2019, 08:42:50 PM
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.


Title: Re: Crypto Vs Lotto
Post by: Mometaskers on March 04, 2019, 09:00:29 PM
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.


Title: Re: Crypto Vs Lotto
Post by: slackcryptoz on March 04, 2019, 09:41:56 PM
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.


Title: Re: Crypto Vs Lotto
Post by: creeps on March 04, 2019, 09:58:22 PM
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 donít see any future on that, better to invest your money in good assets. 


Title: Re: Crypto Vs Lotto
Post by: Kimi80 on March 04, 2019, 10:23:20 PM
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.


Title: Re: Crypto Vs Lotto
Post by: BitcoinFani on March 04, 2019, 10:36:23 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.


Title: Re: Crypto Vs Lotto
Post by: susila_bai on March 04, 2019, 11:03:09 PM
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.


Title: Re: Crypto Vs Lotto
Post by: Question123 on March 04, 2019, 11:03:49 PM
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.


Title: Re: Crypto Vs Lotto
Post by: kodtycoon on March 04, 2019, 11:07:05 PM
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


Title: Re: Crypto Vs Lotto
Post by: Blockfolioz on March 04, 2019, 11:10:05 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.


Title: Re: Crypto Vs Lotto
Post by: MRlong on March 04, 2019, 11:29:23 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.


Title: Re: Crypto Vs Lotto
Post by: freedomgo on March 05, 2019, 03:43:01 AM
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.


Title: Re: Crypto Vs Lotto
Post by: wuvdoll on March 05, 2019, 07:55:55 AM
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.


Title: Re: Crypto Vs Lotto
Post by: TheCoinGrabber on March 05, 2019, 10:43:08 AM
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.


Title: Re: Crypto Vs Lotto
Post by: Naida_BR on March 05, 2019, 10:52:30 AM
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.


Title: Re: Crypto Vs Lotto
Post by: richminded on March 05, 2019, 11:52:50 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 thatís why its better to invest and hold. I know someone who keeps on betting on lottery and yet heís still not win any millions though he got lucky to win for about $500 but after that, he lose more money. Donít waste your time and money in lottery, go for bitcoin!


Title: Re: Crypto Vs Lotto
Post by: samcrypto on March 05, 2019, 12:53:53 PM
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 donít need to analyze well, simple mathematics can tell you cryptocurrency is way better.


Title: Re: Crypto Vs Lotto
Post by: vixcious on March 05, 2019, 01:03:35 PM
what the :D, 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.


Title: Re: Crypto Vs Lotto
Post by: CarnagexD on March 05, 2019, 01:45:13 PM
what the :D, 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.


Title: Re: Crypto Vs Lotto
Post by: Chikitita2004 on March 05, 2019, 07:05:42 PM
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.


Title: Re: Crypto Vs Lotto
Post by: Caladonian on March 05, 2019, 07:12:02 PM
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.


Title: Re: Crypto Vs Lotto
Post by: PlusOne88 on March 05, 2019, 11:20:58 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.


Title: Re: Crypto Vs Lotto
Post by: tippytoes on March 05, 2019, 11:25:20 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.


Title: Re: Crypto Vs Lotto
Post by: Cashi on March 05, 2019, 11:53:29 PM
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.


Title: Re: Crypto Vs Lotto
Post by: shesheboy on March 06, 2019, 12:05:42 AM

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  .


Title: Re: Crypto Vs Lotto
Post by: sclmte on March 06, 2019, 12:39:24 AM
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.


Title: Re: Crypto Vs Lotto
Post by: kaya11 on March 06, 2019, 04:25:41 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 ;)

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.


Title: Re: Crypto Vs Lotto
Post by: jossiel on March 06, 2019, 05:37:39 AM
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.


Title: Re: Crypto Vs Lotto
Post by: Oasisman on March 06, 2019, 06:21:01 AM
what the :D, 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.

But thats not what majority of the people think. These people are just chasing for the grand prize and care less about the charity. Mostly gambling establishments were partnered with a percentage for charity purposes in every buy in or ticket purchase, before it is approved by the government and start to operate.
Well, anyway I buy lottery tickets sometimes, just to try my luck, and also made an investment in crypto space, so I think its a win win situation.


Title: Re: Crypto Vs Lotto
Post by: yslyv on March 06, 2019, 07:28:58 AM
crypto is something that you can search and invest in. they are based on an idea, a project. (Ofcourse most of them are scams but that is why you should search.) You can not compare it with any gambling activity.


Title: Re: Crypto Vs Lotto
Post by: Reid on March 06, 2019, 11:52:50 AM
I dont do much physical gambling specially that lottery. It aint fun and like you said the odds are like .001 percent to win it.
I'd rather play poker and enjoy it or something like a scratch card which gives me a little joy than waiting for the number every night and just do it over and over again.

Yes investing it with crypto will be the best choice or rather trade it and also have some fun making a little profit.
Bitcoin will still be my pick for buying the saved funds.


Title: Re: Crypto Vs Lotto
Post by: tonyja2017 on March 06, 2019, 12:11:03 PM
This is also a warning for those who like to invest in games of chance. I'm really quite allergic to some people who depend on luck to become rich. We should have a proper portfolio and have a clear analysis.
that's called the success of a life. Once again, the statistics table showed that investment with analysis will be very rich.


Title: Re: Crypto Vs Lotto
Post by: Peashooter on March 06, 2019, 02:47:01 PM
Any Investment that you do wisely  is better than lottery.

The only way to have a better life for middle class is by Saving and investing.

Lottery chances are almost zero as you said, that's not an investment.
Even we have low chances in winning in lottery but once we hit the jackpot prize we will turn to instant millionaire or billionaire. I agree with you that a wise investment will be better in lottery unless you earn nothing in lottery.


Title: Re: Crypto Vs Lotto
Post by: GregH37 on March 06, 2019, 02:55:05 PM
Any Investment that you do wisely  is better than lottery.

The only way to have a better life for middle class is by Saving and investing.

Lottery chances are almost zero as you said, that's not an investment.

If I am to make a choice between cryptocurrency and lotto and not to make more than one choice I would go with cryptocurrency ,this is because I see it as an investment and I might just have it in mind that I would be waiting for long longtime before getting a high return on my investment but then am sure of getting back my money with a high return but if I had excess money and I do not have any option of having to choose one, I would keep more with cryptocurrency and then try some out with lottery.

Lotto is the quickest and easiest way to make money. You just experience change of status in a blink of an eye. Itís a risk I would not mind taking at all. But in all honesty cryptocurrency is the safest and the best.


Title: Re: Crypto Vs Lotto
Post by: justdimin on March 06, 2019, 07:00:44 PM
Any Investment that you do wisely  is better than lottery.

The only way to have a better life for middle class is by Saving and investing.

Lottery chances are almost zero as you said, that's not an investment.

If I am to make a choice between cryptocurrency and lotto and not to make more than one choice I would go with cryptocurrency ,this is because I see it as an investment and I might just have it in mind that I would be waiting for long longtime before getting a high return on my investment but then am sure of getting back my money with a high return but if I had excess money and I do not have any option of having to choose one, I would keep more with cryptocurrency and then try some out with lottery.

Lotto is the quickest and easiest way to make money. You just experience change of status in a blink of an eye. Itís a risk I would not mind taking at all. But in all honesty cryptocurrency is the safest and the best.
Both lotto and crypto are different levels of making money as a means of investment, just that for one you are sure your money will definitely come back and even come back higher and thatís cryptocurrency while for the other you are not 100 getting your money back but if luck shines on you, you will be having it back immediately and definitely higher.

I donít think we should be comparing both because those who do lotto go in with the mindset of either loosing or winning and that is not the same with cryptocurrency. I wouldnít advice against any either because they are both raising millionaires and billionaires on a daily basis.


Title: Re: Crypto Vs Lotto
Post by: Sarastiche on March 06, 2019, 09:06:46 PM
The difference is clear, lotto is gambling and  it is either a loss or win, the cryptocurrency platform is not but a technology driven digital currency in which encryption techniques are used, CRYPTO is a revolutional sector, taking over the forex and IPO world.


Title: Re: Crypto Vs Lotto
Post by: harizen on March 06, 2019, 09:53:23 PM
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)

In the first place, the comparison doesn't make sense. It's out of the context.

Anyways, pointers given at the introductory page should be noted by some people here.

Just take note that those are "references and shouldn't be the actual reason" why people must put money on crypto. Cryptos are volatile. Even how positive the future is for crypto, learn to understand the risks and keep in mind there is no such thing as easy profit here.


Title: Re: Crypto Vs Lotto
Post by: Finestream on March 06, 2019, 11:57:16 PM
Any Investment that you do wisely  is better than lottery.

The only way to have a better life for middle class is by Saving and investing.

Lottery chances are almost zero as you said, that's not an investment.

If I am to make a choice between cryptocurrency and lotto and not to make more than one choice I would go with cryptocurrency ,this is because I see it as an investment and I might just have it in mind that I would be waiting for long longtime before getting a high return on my investment but then am sure of getting back my money with a high return but if I had excess money and I do not have any option of having to choose one, I would keep more with cryptocurrency and then try some out with lottery.

Lotto is the quickest and easiest way to make money. You just experience change of status in a blink of an eye. Itís a risk I would not mind taking at all. But in all honesty cryptocurrency is the safest and the best.
I agree.Cryptocurrency investment has gained more trust and security from people when it comes to gaining profits unlike lottery which is purely based on your own luck.But honestly,i also give myself a chance to go on lottery but unfortunately i wasn't that lucky.So i prefer to focus on cryptocurrency which is giving me good profits too far from lottery.


Title: Re: Crypto Vs Lotto
Post by: mich on March 07, 2019, 12:47:54 AM
Any type of investment (crypto or not) is better then playing the lottery.
There is a reason why the lottery can prize so much its that there are more losers then winners.
Europe's largest jackpot was in 2006 for Ä183.5m cash.
Largest ever jackpot was in 2016 for $1.5 billion.
That is a lot of losers to have to contribute to such big pots!


Title: Re: Crypto Vs Lotto
Post by: South Park on March 07, 2019, 01:08:55 AM
Any Investment that you do wisely  is better than lottery.

The only way to have a better life for middle class is by Saving and investing.

Lottery chances are almost zero as you said, that's not an investment.
And yet very few people save and invest, I can understand that a young person does not save much since he gets paid very little and he has not developed enough control over himself to not buy useless stuff, but it is as if they never mature and they keep repeating the same mistakes again and again, in fact most people that I know are deeply in debt, they may have material possessions but they owe everything to the bank and there is not guarantee they will ever pay their debts.


Title: Re: Crypto Vs Lotto
Post by: Hamphser on March 07, 2019, 01:12:28 AM
Any type of investment (crypto or not) is better then playing the lottery.
There is a reason why the lottery can prize so much its that there are more losers then winners.
Europe's largest jackpot was in 2006 for Ä183.5m cash.
Largest ever jackpot was in 2016 for $1.5 billion.
That is a lot of losers to have to contribute to such big pots!

Its the difference actually on both things when it comes to lottery and other gambling games.Pot is big but same as you said there would be thousands of lossers
just giving the lifetime opportunity for a single person.For crypto investment we don't know the odds but its surely higher than on playing lotto alone.


Title: Re: Crypto Vs Lotto
Post by: redsun114 on March 10, 2019, 08:55:49 PM
I have never played lotto before and Iím not going to say that those who are into it are stupid, it is their choice , though I would still say it is bad. There are much better things one can do apart from playing Lotto and investing in bitcoin is far much better than lotto. I canít take such risk, Bitcoin is very much better than lotto in every corner.

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.
LoL, you can play lotto all your life without winning anything. But, if you study cryptocurrency and youíre able to tell if there is going to be a bull run, you can invest and hodl till when the price increases. And by the way, you donít just invest in cryptocurrency, you can trade it daily to make profits. Lotto is pretty bad, but everyone still have different choices.


Title: Re: Crypto Vs Lotto
Post by: peter0425 on March 10, 2019, 09:11:11 PM
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.


Title: Re: Crypto Vs Lotto
Post by: STT on March 10, 2019, 11:57:55 PM
Lottery is a voluntary tax in effect, you may win its not false but its certain that the certain proceeds are driven to government.   Crypto could represent emerging markets, new technology utilised to create business but also its represents great risk.   However there is no certain benefactor to crypto, the money is not taxed and the price fluctuates with risk perception and appetite. 

In short, crypto is a natural market good and bad but lottery is a cold deal and its best point in favour would be no real time or thought required to take part.   I much prefer the crypto route and I believe the odds over years are much better


Title: Re: Crypto Vs Lotto
Post by: Tamilson on March 11, 2019, 03:28:22 AM
We can't change the fact that lottery is more popular than bitcoin and so people that don't know what bitcoin is will just keep their eye to win on the lottery's jackpot. If they just know that they're wasting their money on a less than 1% of chances of winning. Statistics says, that there is more higher chances of getting struck by thunder than hitting the jackpot.

I wonder how much now is their money if they invest it on bitcoin. ???


Title: Re: Crypto Vs Lotto
Post by: virasog on March 11, 2019, 04:23:02 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 ;)

Its strange that you are comparing Lotto with Crypto  ;D
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.


Title: Re: Crypto Vs Lotto
Post by: Mymikagab on March 11, 2019, 05:40:57 AM
I'm palying the lotto before i've discovered the crypto, I've also spent too much money on this and I have not got any money back lotto is legit case just lucky if you win.I can say that it's better to invest in bitcoin, ethereum here it can grow and spin the investment. So crypto is better than lotto. To be honest since the crypto came in my life i had hope in life, because in fact my life was really poor before, I was full time house wife who would help my family especially my children luck just come in, when it was in the lotto i was not blessed but in crypto was very helpful to me


Title: Re: Crypto Vs Lotto
Post by: marcelocoin on March 11, 2019, 05:48:07 AM
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!


Title: Re: Crypto Vs Lotto
Post by: freedomgo on March 11, 2019, 05:50:20 AM
Its strange that you are comparing Lotto with Crypto  ;D
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.
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.


Title: Re: Crypto Vs Lotto
Post by: ethereumhunter on March 11, 2019, 06:49:50 AM
Its strange that you are comparing Lotto with Crypto  ;D
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.
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 ;D

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.


Title: Re: Crypto Vs Lotto
Post by: horrifiedx1 on March 11, 2019, 07:53:51 AM
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


Title: Re: Crypto Vs Lotto
Post by: Coyster on March 11, 2019, 08:21:32 AM
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


Title: Re: Crypto Vs Lotto
Post by: BitcoinTurk on March 11, 2019, 08:28:16 AM
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.


Title: Re: Crypto Vs Lotto
Post by: smyslov on March 11, 2019, 08:44:07 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 ;)

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.


Title: Re: Crypto Vs Lotto
Post by: crwth on March 11, 2019, 08:54:17 AM
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 (https://www.imdb.com/title/tt2431438/characters/nm0046277?ref_=ttfc_fc_cl_t1)


Title: Re: Crypto Vs Lotto
Post by: Ranly123 on March 11, 2019, 08:56:04 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 ;)

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.


Title: Re: Crypto Vs Lotto
Post by: Cherylstar86 on March 11, 2019, 09:57:11 AM
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.


Title: Re: Crypto Vs Lotto
Post by: Lucius on March 11, 2019, 11:41:35 AM
~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.



Title: Re: Crypto Vs Lotto
Post by: poptok1 on March 11, 2019, 12:21:06 PM
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?
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 :)


Title: Re: Crypto Vs Lotto
Post by: danherbias07 on March 11, 2019, 12:53:00 PM
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.


Title: Re: Crypto Vs Lotto
Post by: Lucius on March 11, 2019, 01:41:16 PM
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.

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.


Title: Re: Crypto Vs Lotto
Post by: fullhdpixel on March 11, 2019, 01:59:24 PM
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.


Title: Re: Crypto Vs Lotto
Post by: Nanagyasi on March 11, 2019, 06:47:48 PM
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.


Title: Re: Crypto Vs Lotto
Post by: omonuyak on March 12, 2019, 07:51:36 AM
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.


Title: Re: Crypto Vs Lotto
Post by: gabmen on March 12, 2019, 04:17:05 PM
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.


Title: Re: Crypto Vs Lotto
Post by: pekobites on March 12, 2019, 04:31:47 PM
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.


Title: Re: Crypto Vs Lotto
Post by: cizatext on March 12, 2019, 04:46:17 PM
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.


Title: Re: Crypto Vs Lotto
Post by: South Park on March 12, 2019, 04:54:40 PM
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.


Title: Re: Crypto Vs Lotto
Post by: Betwrong on March 12, 2019, 05:18:22 PM
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.
~

You are trying to compare incomparable things here. Winning a lottery jackpot means getting millionfold more of that what you spent on one ticket. Investing in the right crypto can give you, in most cases, not more than hundredfold increase of your investment. I'm not saying that one shouldn't try to invest in a good crypto(Bitcoin for instance) after doing some proper research, but, as Lucius said above, you can do both since lottery doesn't require big investments.

Also, there are 2,000+ coins/tokens on CoinMarketCap, not 855. :)


Title: Re: Crypto Vs Lotto
Post by: BitBustah on March 12, 2019, 05:55:38 PM
If you want something with much better odds than playing government run lotteries you can solo mine and try to get lucky on finding a bitcoin block yourself.  The expected odds are vastly superior to playing the lottery.


Title: Re: Crypto Vs Lotto
Post by: Ronaldcoin2017 on March 12, 2019, 07:18:27 PM
Well for me I think crypto is better than lotto, because lotto is always depends on your luck and crypto is depend on how you work on it. If we are going to compair lotto to crypto there was really a big difference specially on gaining, lotto is really a hard ways to earn a huge amount of profit while in crypto even if we can't earn a big amount there are still a profit even in a small amount but it can really help a lot, so I think crypto is really better than lotto.


Title: Re: Crypto Vs Lotto
Post by: Bonsaiav on March 12, 2019, 08:58:21 PM
Of course investing in crypto's better, than something in vain like lotto and gambling. Investing in crypto is better because it's legitimate, and when we succeed the benefits we get are not just profits, but there are other benefits such as experience and knowledge, for example: We will understand more about investment, crypto performance, we will also know and understand, when is the right time to buy and when to sell, meanwhile winning from the lotto will not mean anything, other than jealousy and slander from the people around him, both at home and at the place when he bet.


Title: Re: Crypto Vs Lotto
Post by: Lanatsa on March 12, 2019, 09:53:25 PM
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.
~

You are trying to compare incomparable things here. Winning a lottery jackpot means getting millionfold more of that what you spent on one ticket. Investing in the right crypto can give you, in most cases, not more than hundredfold increase of your investment. I'm not saying that one shouldn't try to invest in a good crypto(Bitcoin for instance) after doing some proper research, but, as Lucius said above, you can do both since lottery doesn't require big investments.

Also, there are 2,000+ coins/tokens on CoinMarketCap, not 855. :)
Its really incomparable but we can foreseen the risk involved with these things and the money can be possible won if you do hit. Hundred folds compared to percentage profits with crypto.
Why would really need to decide which one of them if we can able to do both things and I agree the things you do said that it doesn't really need big amounts to participate to lotto since tickets are cheap
but don't expect yet the odds on winning is almost impossible.


Title: Re: Crypto Vs Lotto
Post by: chrisculanag on March 12, 2019, 10:33:41 PM
Crypto is a coin the you can invest ofcourse before you go you need to take a risk but you can earn more profit as like Lotto. Lotto is a kind of game that you can win a big prize but this is not surely you can win but if you think that you is so lucky go to lotto outlet and buy a ticket and if you win more money buy some crypto coins then hold it and wait for the big price as like you won in the lotto.


Title: Re: Crypto Vs Lotto
Post by: StarofBTC on March 13, 2019, 07:25:25 AM
We can't change the fact that lottery is more popular than bitcoin and so people that don't know what bitcoin is will just keep their eye to win on the lottery's jackpot. If they just know that they're wasting their money on a less than 1% of chances of winning. Statistics says, that there is more higher chances of getting struck by thunder than hitting the jackpot.

I wonder how much now is their money if they invest it on bitcoin. ???
I believe that majority of these lotto people will surely invest in Bitcoin if they are being exposed to it, we need to look at the group of people into lotto, are they even aware of the existence of a digital currency other than the fiat currency they are used to, that is why we still need to do lots from our own part by creating more awareness to this, starting from the lotto companies themselves, are these lotto companies even encouraging the growth of crypto currency by making crypto an option on the payment system they have.

If lotto companies themselves have not adopted or accepted the system, how then would lotto players be aware of it for them to start investing, we just still need to give them little time more and I am sure majority of them will eventually  come on board even though we still cannot take lotto away from them completely no matter what.


Title: Re: Crypto Vs Lotto
Post by: BitHodler on March 13, 2019, 08:33:07 AM
If you want something with much better odds than playing government run lotteries you can solo mine and try to get lucky on finding a bitcoin block yourself.  The expected odds are vastly superior to playing the lottery.
Bitcoin is the wrong coin in that regard. You with a high probability will never find a block on your own. For argument same, even if you mine a block, the power it took you to mine it makes you still lose badly.

If you said Ethereum or Litecoin, coins that you can mine with your GPU rig, things would be different. But then again, finding blocks is also based on luck, because you're not the only small fish trying to be lucky and mine a block.

Overall, looking at how people "invest" or "trade" in crypto, it's fair to say that it's quite similar to gambling. No TA, no fundamental analysis, no understanding of the protocols, and so forth. People are flipping a coin....


Title: Re: Crypto Vs Lotto
Post by: Betwrong on March 13, 2019, 02:14:46 PM
If you want something with much better odds than playing government run lotteries you can solo mine and try to get lucky on finding a bitcoin block yourself.  The expected odds are vastly superior to playing the lottery.

All right, let's make some calculations here to see if that is the case.

Antminer S15 has the hashrate of around 28TH/s.

With the current hashrate, ~ 43,000,000 TH/s, the probabilty of finding a block in 10 minutes:

28 : 43,000,000 = 0.000000651 or ~ 0.000065% (which basically means impossible)

However, the situation is not that hopeless if you want to mine a block in a year.

There are ~ 52560 blocks mined per year, so we should multiply that number by 52560:

0.000000651 x 52560 = 0.03421656 or ~ 3.4%

So, the probability of solomining a block in a year is around 3.4% currently.

Antminer S15- costs ~ $1,000

The energy consumption for Antminer S15 is

1.596 kW x 24h x 365 = 13,980.960 or roughly 14,000 kWh per year.

If the electricity price is $0.10, we have additional $1,400 to the costs.

If succeeded in mining a block you are currently getting 12.5 BTC or $49,000.

So, it breaks down like this:

You are risking $2,400 in order to earn $49,000 with 3.4% chance. (Also keep in mind all that noise and overheating).

If you place $2,400 bet with 3.4% win chance on a dice site with 1% house edge(no way I'm encouraging that though) you are going to win $64,482 in case of luck.

Maybe that's why people rarely solomine, if ever.


Regarding the lottery, there are different odds for different lotteries, but let's take Mega Millions for example.

The odds of winning jackpot ~ 1 : 300,000,000 = 0.000000003

If you buy 1,200 tickets with $2,400

0.000000003 x 1,200 = 0.000004 or 0.0004%

Although your win chance is much smaller than that for finding a block with solomining during one year, don't forget that the prize is much higher in Mega Millions(Next Estimated Jackpot: $40 Million), and also with 1,200 tickets you can win some smaller prizes along the way. So, it's hard to say what is better imo.


Title: Re: Crypto Vs Lotto
Post by: posi on March 13, 2019, 02:22:44 PM
If you want something with much better odds than playing government run lotteries you can solo mine and try to get lucky on finding a bitcoin block yourself.  The expected odds are vastly superior to playing the lottery.
Bitcoin is the wrong coin in that regard. You with a high probability will never find a block on your own. For argument same, even if you mine a block, the power it took you to mine it makes you still lose badly.

If you said Ethereum or Litecoin, coins that you can mine with your GPU rig, things would be different. But then again, finding blocks is also based on luck, because you're not the only small fish trying to be lucky and mine a block.

Overall, looking at how people "invest" or "trade" in crypto, it's fair to say that it's quite similar to gambling. No TA, no fundamental analysis, no understanding of the protocols, and so forth. People are flipping a coin....
I totally accept your saying because solo miners is no longer profitable ever since the year 2017  but i came to a conclusion that every investment either crypto related or real world is a gambling because what we're doing is trying out our luck and the most important aspect is ones should know the depth rules and regulations of whatever business he want to invest in.



Title: Re: Crypto Vs Lotto
Post by: slocker on March 13, 2019, 02:27:32 PM
Both are gable in my opinion and most likely that they have same outcome as result. You will pick what to mine or what number you wanna see in ticket or you will buy with selected number already on ticket. In either way you will have to make decision on what you wanna do. Mine or play lottery.


Title: Re: Crypto Vs Lotto
Post by: davinchi on March 13, 2019, 07:29:06 PM
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.
Crytocurrency investment is very good and I think everyone knows this already, and like you have mentioned investing in cryptocurrency is like investing in the future, but i would like to point out that there are those whose future in Now, let me explain briefly.

If I am left with just $100, no other hope of getting any money and I do not even know what tomorrow holds for me and now get an opportunity to choose between crypto and Lotto, am sorry at that moment i would choose lotto. This is because I believe any instant win will change my entire life forever and with crypto I might have to wait a little though there is hope for good return.


Title: Re: Crypto Vs Lotto
Post by: futile-resistance on March 14, 2019, 01:38:18 PM
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.
I personally think the least guaranteed investment should not even be compared to lotto. Lotto is all shades of risk.
There is every possibility of loosing all without having anything left to back on but with other investments, there can still be a little form of compensation.

Crypto has minimal risk. Thereís no probability of losing all invested cash, if one is to lose at all, it will only be a part of it but and most of the time the  people who loose in crypto are those who are either not careful or patient enough for the market .


Title: Re: Crypto Vs Lotto
Post by: Indamuck on March 14, 2019, 03:55:05 PM
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.
I personally think the least guaranteed investment should not even be compared to lotto. Lotto is all shades of risk.
There is every possibility of loosing all without having anything left to back on but with other investments, there can still be a little form of compensation.

Crypto has minimal risk. Thereís no probability of losing all invested cash, if one is to lose at all, it will only be a part of it but and most of the time the  people who loose in crypto are those who are either not careful or patient enough for the market .

The lottery is inherently a losing game.  The only consistent winners are the lottery operators which is usually just the government.  Markets always tend to go up over time so everyone can be a winner if they diversify and are willing to wait.


Title: Re: Crypto Vs Lotto
Post by: Daboy_Lyle on March 14, 2019, 10:49:46 PM
Crypto is better than lottery because lottery is by luck while crypto is in your hands. If you are a good trader and a wise investor the  crypto will really make change to your life. Lottery is like a gamble you don't if you'll win. Having a good choice  between crypto and lottery are very simple. You can actually do both of them while using crypto and you're also playing a lottery.


Title: Re: Crypto Vs Lotto
Post by: Aikidoka on March 21, 2019, 09:44:45 PM
Crypto is better than lottery because lottery is by luck while crypto is in your hands. If you are a good trader and a wise investor the  crypto will really make change to your life. Lottery is like a gamble you don't if you'll win. Having a good choice  between crypto and lottery are very simple. You can actually do both of them while using crypto and you're also playing a lottery.
Yeah, exactly. Crypto is always better than Lottery, because it's so risky and you aren't under control of it, while in crypto you can take some decisions according to your knowledge about the market, so the risk will decrease depending on your skills and your background in this field. In the case that you're a good trader like you said, Crypto for sure it will be more better.


Title: Re: Crypto Vs Lotto
Post by: goaldigger on March 21, 2019, 10:26:02 PM
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 ;)

Theres no hundred percent profit on lottery because gambling is based on pure luck. If you will put your everyday bets on lottery into bitcoin or maybe some altcoins, you can earn the same aa winning in just a few years. Im sure if your not that lucky, you cannot win jockpot in lottery even in two years.


Title: Re: Crypto Vs Lotto
Post by: Finestream on March 21, 2019, 10:29:17 PM
Crypto is better than lottery because lottery is by luck while crypto is in your hands. If you are a good trader and a wise investor the  crypto will really make change to your life. Lottery is like a gamble you don't if you'll win. Having a good choice  between crypto and lottery are very simple. You can actually do both of them while using crypto and you're also playing a lottery.
Yeah, exactly. Crypto is always better than Lottery, because it's so risky and you aren't under control of it, while in crypto you can take some decisions according to your knowledge about the market, so the risk will decrease depending on your skills and your background in this field. In the case that you're a good trader like you said, Crypto for sure it will be more better.

Right.With good skills and strategies in trading,it will be more advantage to gain good profits unlike lottery itself which is purely based on luck.Even if you have good strategies to make sets of digits to bet,but happen that you're not really lucky about it,you will never win in lotto.Unlike crypto investment which will surely give you huge profits even if you're not lucky at all.


Title: Re: Crypto Vs Lotto
Post by: zee11225 on March 22, 2019, 12:21:32 PM
Both are gable in my opinion and most likely that they have same outcome as result. You will pick what to mine or what number you wanna see in ticket or you will buy with selected number already on ticket. In either way you will have to make decision on what you wanna do. Mine or play lottery.
I don't think it can be compared because Lotto gambles while crypto is a digital currency that can be used like fiat money, to pay for transactions.
If Lotto you give money to buy a ticket that already has a number and pray that the numbers are correct and get lots of prizes.
So crypto is a digital currency that can be stored and not used for a long time, just think of savings.


Title: Re: Crypto Vs Lotto
Post by: onrise on March 22, 2019, 12:24:50 PM
Crypto is better than lottery because lottery is by luck while crypto is in your hands. If you are a good trader and a wise investor the  crypto will really make change to your life. Lottery is like a gamble you don't if you'll win. Having a good choice  between crypto and lottery are very simple. You can actually do both of them while using crypto and you're also playing a lottery.

Difference between both I feel is the reality vs the dream. If you want to actually become millionaire than the reality is investing in crypto with the right coins at lowest prices possible. And if you want to in the dreams then buying the lottery tickets are the things which you can do and only 1 in millions dream come true in such scenarios.