Quote from: ubuygold on May 05, 2019, 07:19:35 AM

The reason on why I purchase bitcoins is for investment opportunities provided by its high-volatility in the market. If I were to buy anything that could be purchased using real cash, I would have done so instead of using my bitcoins.
Like in your example, purchasing lotto tickets can be bought using cash inside stores or malls. It would be a waste to use bitcoins to purchase these tickets despite having the convenience to do so.

Quote from: TheUltraElite on July 29, 2019, 08:46:15 AM

Quote from: noormcs5 on July 25, 2019, 02:14:51 PM

There is no risk if you won the lottery. There should be no issue in claiming the lottery. The real issue is that if you do not win the lottery all your invested funds will be lost. That's the only reason i do not invest in lottery as it is too risky.

It is wrong to say that you "invest" in gambling because you dont. You gamble your money in trying to make more money and the method is lottery ticket buying. Investment is something of a broader term here and although this is debatable, I consider gambling to be a mode of entertainment and not a mode of making money. The only person making money is the bookmaker.

Whether you decide to buy lottery tickets is your choice. I see people of lower economic strata, not having much of a savings to do, waste their money gambling and buying lottery tickets. Its because they are trying their luck because they have nothing else to depend on.

People who have the perspective of gambling their money to recover their financial conflict is in a pitfall. That would only worsen their financial situation especially when they consider it as their last ray of hope. Although there may be ample of opportunities outside gambling, if a person's mind has been blurred by this fact, then this would cascade into bigger problems.