I deeply understand your confusion and fatigue. In the same market, some people thrive while others struggle; it indeed feels like an unfair game. But the core question is asked precisely: Is it really just luck?
Between those in the crypto space who are "thriving" and those who are "heavily in debt," there is usually a huge gap, constituted by multiple factors:
Cognitive Gap
Winners: Continuously learning, understanding the underlying logic of blockchain, project fundamentals, token economics, market cycles, and macroeconomic impacts. They study but do not easily trust.
Losers: Possibly attracted by stories of getting rich quickly, lacking foundational knowledge, easily swayed by "gods" calling shots, rumors, and FOMO-driven emotions. Investment decisions are based on emotions rather than rational analysis.
Information Gap:
Winners: *Have broader and deeper sources of information, core project developments, community dynamics, and possess the ability to filter and interpret information. They know which information is noise and which is key signals.
Losers: Lagging information, often acquiring information that has been spread multiple times or even polluted, making them easily manipulated by market manipulators.
Strategy and Discipline:
Winners: Have clear investment strategies, strict risk management, and trading plans. They know what they are doing and execute with discipline.
Losers: Lack planning, trade based on feelings, chase highs and sell lows, overuse leverage, do not understand stop-loss or are not decisive about it, easily go all-in or take huge risks.
Risk Tolerance and Capital Management:
Winners: Invest only with "spare money" that they can afford to lose, deeply understand the high volatility and high risk of the cryptocurrency market. Diversify investments, not putting all eggs in one basket.
Losers: May use necessary living funds, borrow, or even leverage for investment; once the market turns, the immense pressure leads to poor decisions, even falling into debt.