Why I stopped playing the lottery and bought Bitcoin instead

stop playing the lottery

This is probably not the type of article you’d expect on a lottery website but I had to share my opinion with all of you.

I stopped playing the lottery months ago. Why do you ask?

Because I think it’s a waste of time and money. Don’t get me wrong I made a little bit of money playing the lottery and scratch card games but it was never anything huge so I decided to move on.

Most people never win big playing lotto and I didn’t expect to win either.

That’s why I decided to jump into cryptocurrencies and you know what, I wish I did this much earlier…

During my 5 months in crypto, I made much more money than I did during my years playing the lottery.

And I’m just getting started.

That’s why I wanted to share my experience and my opinion in this article. I created this website to help people make money playing the lottery and I did help quite a few people score big but not everyone.

I want to help as many people as I can to get the lifestyle they deserve and I know I can do that if you follow my advice with cryptocurrencies.

Winning the lottery requires a lot of luck.

But making a fortune with crypto only requires patience and a bit of knowledge, you can’t invest blindly into whatever. But that’s why I’m here I can help you with that. At the end of this article, I will share with you my top 10 cryptocurrencies that I think will 10x-100x your investment by the end of 2019 so don’t leave yet.

Before I get into the whole cryptocurrency stuff let me show you some math as to why you’re better off investing in crypto.

Let’s say you play the lottery twice a week and each time you buy 10 tickets at $1 each, that’s $20 each week which equals to $1,040 per year. Now let’s say that you take that money and invested it into some of the top cryptocurrencies exactly 1 year ago.

On March 26th if you would have invested $1,040 into those coins, now you’d have:

BITCOIN: $9157.30
ETHEREUM: $10,644.46
RIPPLE: $68,177.77
LITECOIN: $41,035.06
NEO: $379,990

As you can see, those are some unbelievable numbers, the crypto market is in a correction right now so at all time highs, those numbers would be at least 2-5x higher.

And that’s guaranteed money right here, there’s no guarantee you’d win anything if you’d put that money into lottery…

Okay let’s get into the important stuff now:

cryptocurrency

What are cryptocurrencies?

This is the first answer you get when you search for it on Google.

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

In simple words:
Bitcoin and any other cryptocurrency is a decentralized digital currency, meaning it is not controlled by any banks or any other 3rd party, you are in full control of the digital currency you own and nobody and interfere with it but you, nobody can access it but you(unless you get hacked or share your access keys with someone of course).

If you put money in the bank it’s technically not your money anymore, the bank owns it and it can do whatever it wants with it, that’s why I think cryptocurrencies are the future, you pretty much become your own independent bank.

To answer your other question

what is bitcoin

what is bitcoin?

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Bitcoin isn’t the only digital currency though, there are thousands of them.

Most of them are crap and have no real purpose behind them but there is a lot of them that can literally change the world in the future, those are the ones you want to invest in.

How do you make money investing in crypto?

So how do you make money investing in the crypto market? Well, there are a few ways you can do that depending on your trading style.

Let’s start with the easiest way:

hodl crypto

Hodling

Hodl aka hold. Meaning you buy a stock a hold it for months or years at a time.

This type of investing can get you the best returns in the long run, well as long as you invest in something that has potential.

To put this into perspective, let’s say you bought bitcoin back in 2011, you could buy 1 bitcoin for only 30 cents…

Fast forward 6 years that one bitcoin was worth $20,000…

Bitcoin isn’t the only coin that made such gains, if you can find the next bitcoin and invest in it you can easily become a millionaire in a few years.

Swing Trading

Swing trading means you don’t invest in stocks long term, you simply buy a stock and hold it for a few days or weeks at a time.

It’s a good strategy if you want to grow your budget, you can easily make hundreds of percent gains during this short-term trade.

It’s a little bit harder and you need to control your emotions during trading so you don’t end up losing money.

Most people lose money because they buy when the price is high, then the price drops they get scared and they sell… but if you get rid of your emotions and just stay patient, the price will most likely go up and then you sell for profit.

Day Trading

Day trading is a harder version of swing trading. As the name states, you buy a stock and usually hold it for a few minutes or hours at a time and get small percentage gains(1-10%) it may seem like nothing but it adds up once your budget increases.

5% gains in day trading are very common, and you can easily get a few trades like this every day.

So let’s say you trade with a $1,000

A 5% gain with a $1,000 trade would give you $50 profit, if you could make a few trades like this every day you could make a living. The higher your budget for trading the higher the reward.

Bitcoin-wallet

Where can you buy bitcoin or other cryptocurrencies?

My favorite place to buy cryptocurrencies is Changelly, why? Because they offer the best possible rates with the lowest fees on the market and on top of that they support the most currencies you can pick from.

You simply sign up, pick a currency you want to buy, enter the amount and that’s it. You now own a digital currency.

But there’s one more step, you need a place to store your money so you need to create a wallet.

It’s not that complicated, all you need to do is go the currency you bought on the website and download the wallet.

If you bought bitcoin go to this website https://wallet.bitcoin.com this is the official bitcoin wallet, you can download it to your PC, Android or iOS device. This is the place where you gonna store your money so make sure you keep your password and your security key in a safe place.

The other place to keep your money is on an exchange, this is if you want to trade. If you’re just hodling our currencies it is best to keep in a wallet for safety.

But if you’re into trading Binance is one of the best crypto exchanges with billions of dollars of daily trade volume. It’s the perfect place if you want to trade. You can sign up here if you want.

At the beginning of this article, I said I was going to share a list of 10 cryptocurrencies that will 10x-100x by the end of 2018 and I keep my promise. All you need to do to receive the list is to sign up on Changelly through this link:

Sign up at Changelly

and send me an email([email protected]) with your name and email address that you signed up with, and I will send you the list with along with my predictions or simply write a comment below and I will send you an email.

 

If you want more posts about making money with cryptos and cryptocurrencies in general let me know in the comments below.

Still want to play the lottery? Check out my strategy

2 Comments

  1. Joeseph Malik | | Reply

    You got me convinced, I’m getting into crypto! Can you help me get started?

    Regards,
    Joe

    • Derek | | Reply

      Sure I can Joe! Just send me an email and I’ll help you out.
      I’m actually working on a beginners guide into cryptocurrency that will help out everybody. It should be out soon.

      Regards, Derek

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