Re:Bitcoin Blows Past $9,000
by hackinthebochs on Sunday November 26, 2017 @09:30PM
(#15784400)
This lottery comparison is wrong and obnoxious. With the lottery you have a known chance of success (minuscule). With crypto you have some measure of control of your expected returns. Having foresight and the technical ability to judge promising projects goes a long way.
Re:Bitcoin Blows Past $9,000
by closeparen on Sunday November 26, 2017 @10:54PM
(#15784690)
The ability to convert insights about the future success of projects into returns has always existed via self-directed brokerage accounts. That’s probably the closest analogy, except that crypto might not (yet) have skyscrapers full of people paid seven figures to know more about it than you.
Most people buy lots of lottery tickets that don't win. What a waste of money! What a bunch of suckers! If only they'd been paying more attention to the lottery tickets that won, they'd be rich now!