Lottery is a fun game of chance. Though the chances are slim, winning on lottery can make you a rich man. These days, there is a new type of lottery that involves bitcoins. Instead of providing cash, bitcoin lottery, as the name suggests, provides bitcoins instead. This type of game makes use of cryptographic algorithms in order to pick the rightful winner randomly. This makes the system 100% cheat proof.
Is Bitcoin Lottery Legal?
Is this the only way to boost your bitcoin assets? If you will ask the BTC investors, they’ll tell you that there are some ways on how you can improve your BTC asset.
One, you can invest and hold on your bitcoins. This strategy is typically long term. What makes this a practical option? For one, bitcoins are limited. There are only 21 million bitcoins. With growing dependence on the cryptocurrency, there will most likely come a time when bitcoins are hard to mine. There is always that chance wherein you will find a hard time buying bitcoins.
Next, it is also possible that you simply buy and sell the bitcoins. Buying and trading bitcoins is a good move especially if you want a quick buck. However, make sure that you do a lot of research. There are instances when you will need some practice in order to become proficient in this kind of strategy.
If you don’t have a large amount of upfront money, it is always a good strategy that you stick to investing regularly. What this can do is to even out the fluctuations. However, keep in mind that you need to not get bothered whenever the value of BTC decreases significantly.
Win Bitcoin Lottery?
So what makes BTC interesting? It’s not necessary for you to win the bitcoin lottery to increase your investments. This is because a lot of people are already becoming interested with bitcoin. Given the demand, it isn’t far from happening that more stores will be accepting payments via Bitcoins. There are even some financial institutions that are now talking about Blockchain. In fact, even Bill Gates agree that there is a chance that Bitcoin and Blockchain concept are both here to stay.
In addition to this, BTC isn’t affected by political turmoil. In fact, it favors Bitcoin whenever there is economic instability. And why exactly is it the case? Since BTC isn’t tied to a country’s economy, more people revert to cryptocurrencies whenever they fear that the value of a certain currency is going to devaluate.