What do people in the cryptocurrency world rely on to make money?
First, the conclusion: Making money in the cryptocurrency world relies on luck, don't talk about some high-minded awareness. If you realize that making money in the cryptocurrency world relies on luck, I can't say you'll make a lot of money, but I can say you won't lose a lot of money from now on. Luck accounts for 99%, while awareness and capital only account for 1%. Because I've personally seen people without awareness and with little capital make a lot of money through luck.
The luck mentioned here is essentially a trend. For example, no matter how high your awareness is or how much capital you have, in a bear market, you won't make money playing anything. Because the market is stagnant; without fluctuations, there are no profits. Relying on holding coins, no matter how much money you have or how high your awareness is, in a bear market, prices fall more than they rise, so you won't make money by holding. Relying on trading, options, grids, or quantifying also yields almost no profits, as the gains are minimal.
Making big money in the cryptocurrency world relies on luck. If you hold coins hard for three years in a bear market, and in the fourth year a bull market arrives, suddenly rising 5-10 times, isn't that luck? Because people cannot control the market; a bull market is a form of luck. When luck arrives, if you are in the vehicle, you will be taken along for the ride.
I've said all this to tell you: Don't rely on ability to make money; the cryptocurrency world relies on luck. Where capital flows, which sectors are growing, indicates where luck is, and you should go there to wait for luck. For example, what is the point of guarding inscriptions now? Luck has already come and gone. Isn't it foolish gambling to wait there for it to come back?
Luck is something that is awaited. For instance, if altcoins are about to soar, it means that Bitcoin's market value ratio has been continuously declining, and Bitcoin is no longer surging. At this point, if you identify that the luck for altcoins has come and you participate, then you earn, and that is the result of luck.
If there are no signs of a surge and you rush in, losing and then compensating until finally making a profit from a surge, that belongs to macro luck in the industry; it's your strong belief that memes have a future, and that there will be another bull market, rather than luck that you identified. But how many people have such resolve?
Moreover, the premise of doing this is that you can only allocate a portion of your position, while the majority remains in BTC. From a macro perspective, knowing that BTC won't go to zero, if it falls, you just wait. But giving up allocation and just charging into memes will ultimately lead to a disastrous loss.
