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Author Topic: Crypto Vs Lotto  (Read 547 times)
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March 11, 2019, 09:57:11 AM
 #81

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.

 
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March 11, 2019, 11:41:35 AM
 #82

~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.


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March 11, 2019, 12:21:06 PM
 #83

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 Smiley

 
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March 11, 2019, 12:53:00 PM
 #84

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.

 
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March 11, 2019, 01:41:16 PM
 #85

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.

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March 11, 2019, 01:59:24 PM
 #86

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.

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March 11, 2019, 06:47:48 PM
 #87

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.

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March 12, 2019, 07:51:36 AM
 #88

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.
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March 12, 2019, 04:17:05 PM
 #89

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.

 
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March 12, 2019, 04:31:47 PM
 #90

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.

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March 12, 2019, 04:46:17 PM
 #91

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.

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March 12, 2019, 04:54:40 PM
 #92

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.



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March 12, 2019, 05:18:22 PM
 #93

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. Smiley

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March 12, 2019, 05:55:38 PM
 #94

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.
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March 12, 2019, 07:18:27 PM
 #95

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.

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March 12, 2019, 08:58:21 PM
 #96

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.

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March 12, 2019, 09:53:25 PM
 #97

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. Smiley
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.

 
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March 12, 2019, 10:33:41 PM
 #98

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.
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March 13, 2019, 07:25:25 AM
 #99

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. Huh
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.
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March 13, 2019, 08:33:07 AM
 #100

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....

 
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