Crypto Vs Lotto

[ukloonion]

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

[bitmover]

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.

[hatshepsut93]

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.

[gantez]

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.

[finaleshot2016]

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. 

[Oilacris]

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.

[gentlemand]

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.

[orions.belt19]

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.

[0t3p0t]

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.

[davis196]

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.
LN is running and I still don't see massive btc adoption.The ETFs and Bakkt aren't very good for btc.

[jossiel]

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.

[avikz]

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!

[Indrawan77]

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

[buwaytress]

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?

[Monox]

There is a good reason why lotto is also called a tax for „stupid people“. But i can understand it, the thought of pretty much passive and instant wealth can be pretty irresistible at times. Slow and steady income is not what most people from the middle class and below need, most of the time they need fast money and they make that 1m lotto win possible in their heads because they think about what they could pay off with all the money.

Also, i do not want to offend anyone with my initial statement. If i did i apologize and obviously everyone can decide on their own what they do with their hard earned money.

[qwertyup23]

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!

[AppliedOptimal]

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.

[rhyoanime]

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.

[MakeMoneyBtc]

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.

[YOSHIE]

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.