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Author Topic: Crypto Vs Lotto  (Read 545 times)
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March 04, 2019, 04:40:05 PM
 #21

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.
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March 04, 2019, 04:47:44 PM
 #22

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.




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March 04, 2019, 04:52:04 PM
 #23

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.

 
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March 04, 2019, 06:21:10 PM
 #24

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.

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March 04, 2019, 08:42:50 PM
 #25

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.



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March 04, 2019, 09:00:29 PM
 #26

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.

 
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March 04, 2019, 09:41:56 PM
 #27

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.
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March 04, 2019, 09:58:22 PM
 #28

The odds of winning a national lottery are virtually nil, something like 300m to 1 which makes it practically impossible. Rather than waste time on tickets, save and invest in crypto. Look at all the good things lined up:

ETF applications - One will inevitably succeed leading to a mega pump (just like when gold was added)
BAKKT - If an ETF is not approved, who cares as BAKKT will bring the financial institutions into crypto
Lightning network - for mainstream adoption
August 2019 - Litecoin halving
May 2020 - bitcoin halving (see historic charts for these huge halving pumps)

All coins are like 80% from the all time high, odds of getting rich from crypto is millions of times better than the lotto. Be smart and invest wisely Wink
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. 
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March 04, 2019, 10:23:20 PM
 #29

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.
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March 04, 2019, 10:36:23 PM
 #30

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.
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March 04, 2019, 11:03:09 PM
 #31

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.

 
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March 04, 2019, 11:03:49 PM
 #32

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.

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March 04, 2019, 11:07:05 PM
 #33

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

 
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March 04, 2019, 11:10:05 PM
 #34

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.
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March 04, 2019, 11:29:23 PM
 #35

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.
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March 05, 2019, 03:43:01 AM
 #36

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.

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March 05, 2019, 07:55:55 AM
 #37

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.
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March 05, 2019, 10:43:08 AM
 #38

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.

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March 05, 2019, 10:52:30 AM
 #39

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.

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March 05, 2019, 11:52:50 AM
 #40

Every investment, no matter how poorly-thought it was is probably better than any other lottery games out there in terms of win probability and ROI. I myself am a fan of lottery for a decade now, and have won quite a sum already though the chances of winning is indeed infinitesimally small compared to investing in crypto. I can pretty much get my ROI within a month or two in crypto, no matter the amount with the right approach than keeping the same 6 numbers for a decade and winning it all.
Really took more time before winning on a lotto and its still not guaranteed. I just play some lotto games because its easy to win on that. Cryptocurrency is an investment right now and that’s why its better to invest and hold. I know someone who keeps on betting on lottery and yet he’s still not win any millions though he got lucky to win for about $500 but after that, he lose more money. Don’t waste your time and money in lottery, go for bitcoin!
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