I guess my argument is that turning $1000 into 1 million was probably a significantly more probable outcome than winning 1 million in a lottery which is specifically why I decided to put my money into bitcoin instead of lottery tickets.
I just don't see the equivalence in comparing it to buying a lottery ticket.
There are way way way more bitcoin winners than there are lottery winners.
The lottery analogy is reductio ad absurdum analogy — like, yeah, your odds of doing basically anything are better than winning the lottery (that's why the comic is funny). The point is that the positive outcome doesn't retroactively make your risky investment decision less risky. That's survivorship bias!
I just don't see the equivalence in comparing it to buying a lottery ticket.
There are way way way more bitcoin winners than there are lottery winners.