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by koonsolo
1379 days ago
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The reward/risk ratio of lottery tickets is very well known. And it's obviously not in your favor. So it's basically a no brainer not to invest in them. Things like startups for example also have a very high risk rate, but also potential high payouts. There it actually makes sense since the ratio is way better. |
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Yeah, but that payout ratio - millions to one! Bitcoin will never pay out at that level - I don't know if it ever did.
I find it interesting you're arguing that an unknown ratio is preferable to a known one. Bitcoin has a known current cost, but entirely unknown chances and payouts over an unknown duration. There's little reason to assume that Bitcoin will make another massive jump other than optimism that there will be a new wave of true believer bag holders. I know the lottery is going to be drawn each week and I know the cost and the odds, as well as the minimum payout, and the current payout is updated as we get closer to the drawing.