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that's not how it works. having bought a lottery ticket was still not a good idea even if you won. meaning, bitcoin is still a risky asset, like back then, the
by make3 9y ago
that's not how it works. having bought a lottery ticket was still not a good idea even if you won. meaning, bitcoin is still a risky asset, like back then, there is no reason little reason to reliably assert that it will still go up, and not down.
- raw23 9y agoThis analogy is comparable to an extent. The odds of making money off bitcoin compared to a lottery ticket are several orders of magnitude higher. When making investments if you want to make large gains some of your money has to be in riskier assets. Obviously don't put your life savings in bitcoin, anyone who does is not making an intelligent choice. But if you have money to spare that your willing to lose, I wouldn't consider it a horrible investment.
- chrisabrams 9y agoWhy is crypto a lottery ticket? I've never viewed it that way. Just because something is a risk to you doesn't mean it's a risk to me. I firmly believe that cryptos are just at the beginning of their value. Maybe you dont. There's many types of investing.