Guys I'm working something, which I will definitely share with the community soon.
I've a very simple question to all traders and Bitcoin enthusiasts.
Would you be interested in taking part in a lottery where you can win 100 Bitcoins by investing 0.01 BTC?
Basic rules are as follows: Participation cost 0.01 BTC, 15,000 participants.. 1 winner gets 100 Bitcoins, 20 Runner up winners get 2 Bitcoins each.
I'm working on a similar concept - wanted some thoughts from you folks before I take it any further..
So will you invest 0.01 BTC to win 100 BTC? Yes or No and why...
Lottery entry in the first place should be that
cheap* no matter how big the reward is. Id rather participate in national lottery where my
BTC0.00003 can win around
BTC80-100 and winning chances is the same as yours.
BTC0.01 nowadays is already a decent price and I can diversify it to my preferred gambling type rather than risking it a lottery where there is low chance to win, same with other lotteries. Maybe I will considered if the entry amount will lowered.
You can't make lots of people to joined the lottery with that kind of entry amount and the idea is about "lottery".
Would you be interested in taking part in a lottery where you can win 100 Bitcoins by investing 0.01 BTC?
That is not an investment.