Is the cryptocurrency industry about luck or technology?
In short-term speculation, luck is more important than anything else.
In long-term speculation, technology drives luck.
Now that we are talking about speculation, let us first turn our attention to the world's largest speculative industry, lottery.
This speculative craze that has led countless people around the world to revel can be called the ancestor of the speculative industry.
In China, this public welfare cause (speculative game) has attracted more than 300 million people to participate, and it has been developed for 40 years. It is no exaggeration to say that many families have started buying lottery tickets since their grandfathers. Then, the fathers took over the task of fixed investment, and now it has been passed on to our generation.
Is the lottery about luck or technology?
Judging from the long-term winning data, the technical level cannot be ignored. Although the lottery draw only takes randomness as the only factor. But from a strategic perspective, most lottery winners have their own lottery buying habits (yes, you can understand it as the trading system of the cryptocurrency circle)
A very small number of lottery winners rely entirely on pure luck (such as on the way to buy vegetables, avoiding rainy days, and changing change), and randomly go to the nearest lottery station to play and win the prize. It's like a novice entering the cryptocurrency circle and opening a high-leverage contract with his eyes closed. From a probability analysis, of course there will be money. It's just that there is no group reference factor.
And the vast majority of winners have participated in their own lottery buying system during the process. For example, fixed ticket investment (fixed investment in the cryptocurrency circle), lottery players buying together (asset management in the cryptocurrency circle), multiple bets (diversified investment), strict control of the amount of lottery purchases (no leverage contracts)...
This also explains why some people can go bankrupt by donating love (buying lottery tickets)? Without any capital control, blindly adding leverage directly puts oneself on the edge of the highest risk. If you are not careful, you will never recover.
Back to the topic of the cryptocurrency circle, traders who talk about luck will end up in debt.
In addition to luck, mature traders also rely on information, data, strategy, mentality, and hard work... How can you compete with them if you only rely on luck? If you play the game for a long time, you will definitely lose.
