Luck in cryptoeconomics is a myth?

[Rainbowwww]

I think that luck does not exist, the more in a sphere such as cryptoeconomics. In order to enter a profitable project, you need to analyze all the risks, and then again analyze everything.

[kimochidesh]

I think that luck does not exist, the more in a sphere such as cryptoeconomics. In order to enter a profitable project, you need to analyze all the risks, and then again analyze everything.

No, it’s not a total myth even. I think luck does play a role, though to certain extent only. Because I have myself seen such people who have no knowledge of market, technical analysis, graphs or any study, but still they earn sufficient profits. So if it not luck then what? But at the same time I believe that one should leave everything up to luck or your destiny. If you study the market properly and do all such stuff you can make out that when it would the proper time to buy or sell.

[MISS_nSTASSY]

How can you calculate the future? If you have the method, share please, I will share share my profit with you with no doubt
Seriously, it is not the math thing in generally, but, as always, perfect combination of math and luck. And I think the proportion is 80/20, where calculation is the majority.
Those who can describe their investment decision in numbers only - they can loose when those who bought depending on currency's logo color can win. But it is much better to know your risks

[pearlsome]

I cannot agree with you. I'm not lucky. I'm an ordinary person with a logical mindset and trying to analyze. So, I have a friend. I cannot say that he's stupid, no. He reads a lot about cryptocurrency, he's in some closed communities. Here I will tell you a couple of examples of his experience and you'll see that luck exists.
1. Red flags appeared in one project. All about it quickly learned and sold. He was on the plane, then there were problems with the Internet, a secure connection, in general, he couldn't sell on time. And you know what? The red flags turned out to be rumors and the coin made X3. We sold a cheaper purchase, and he is in luck.
2. One pool collects for participation in one ICO with very good discounts. But my friend had a problem with the computer. For a day the pool was collected and my friend didn't have time to participate. He was very upset. And you know what? This project is traded below the ICOs price three times. Now he understands that he is in luck.

[vlad230]

Yeah, I agree the majority of investors base their investments on a lot of research, but you have to agree that some are just blind luck.

Since we had the Bitcoin Pizza Day anniversary recently think for a second about the guy that received the 10,000 BTC for which he paid $41 and then sold for $400.

Wasn't that blind luck?

[LancelotRay]

I think that luck does not exist, the more in a sphere such as cryptoeconomics. In order to enter a profitable project, you need to analyze all the risks, and then again analyze everything.

But on the other hand, there are many people who invest seemingly randomly on some random coins, without any analysis or reading the whitepaper - and luck out.

To me, that's sheer luck. And this happens more often than you think, so.

[Aleksandr_ov]

luck is a good tool not only in the crypto world but I'm here analyzing the crypt market and here the impulsiveness is waiting of course it justifies its result, but the conservatism which is present in the tracational form of investment here is not enough!

[skelethon]

It's unusual, but it happens, and quite a lot.

You could be reading whitepapers all day and someone might invest in a random ICO and 10x their investments. Nothing you can do about that I think.

[JTEN18]

I do believe in Luck and I don't think it is a myth. I don't think all the people involved in crypto have required knowledge and expertise but still they are doing it. Yes, it is true that most of the people try to analyze the project or market with their knowledge but the success or failure depends on luck for sure. Because you never know what going to happen in future.

[altsMlk]

Its not a myth. If you did a trade without analysis, just like gambling you may win of loss. Depends on your luck. But for us, traders and investors We can not depend on the luck. Analysis is the key of success. 

[sunX3]

Its not a myth. If you did a trade without analysis, just like gambling you may win of loss. Depends on your luck. But for us, traders and investors We can not depend on the luck. Analysis is the key of success. 

Yeah, well said. It really is just like gambling, since you're relying on things outside your control and hope for the best.

[AliErkic]

I think that luck does not exist, the more in a sphere such as cryptoeconomics. In order to enter a profitable project, you need to analyze all the risks, and then again analyze everything.

Yes right, good words. The hardworking ones will have success and find the right and profitable project.

[david0ikari]

It does not exist...a lot of research, patience, before investing in the right project with the better ROI..I now people around me the lost 70 % of their portfolio... buying just in the final spike of January...So yes, I know luck is a myth

[manlyxman]

I think that luck does not exist, the more in a sphere such as cryptoeconomics. In order to enter a profitable project, you need to analyze all the risks, and then again analyze everything.

True, you NEED and SHOULD do that. But a lot of people don't. And a lot of times they got burned but not always. Some get lucky, and make a profit, what can you do. Is it arguably the wrong way to go about trading? Yes. But does still work? Also yes.

[laracastvue]

I think that luck does not exist, the more in a sphere such as cryptoeconomics. In order to enter a profitable project, you need to analyze all the risks, and then again analyze everything.

There is no need for you to have luck in order to get wealthy in this industry, joining on bounty campaigns and trading in the market at the same time will make you rich in just a few months.

[profit-shooter]

Yes, buddy, I would say that luck is a myth. If you want to win in the crypto world, you must learn a lot and especially technical analysis that is going to be the main one if to compare with fundamental indicators. Another thing is practicing a lot in indicating support and resistance levels!

[Sarastiche]

Base on my  experience in the few  month in crypto am beginning  to believe that luck tend to have its place sometime, certain ICO  that you expect to do well tends to get to the market and have a drastic fall, while the coin with less hype tends to do well, it always discouraging at times, just keeping hope alive.

[JeffBrad12]

I think that luck does not exist, the more in a sphere such as cryptoeconomics. In order to enter a profitable project, you need to analyze all the risks, and then again analyze everything.

Luck is a luck, it doesn't have any relationship with myth. I have put around 5 ethereum at the ONT ico and it has been returning again with more than 70x profit just in short time. If you are investing in the right project and that means you has been getting your own luck. if you are getting a decent profit from your trade and it can be considered as lucky too.

[barlo357]

For me its not a myth and luck knocks once sometimes twice only and you need to grab that immediately so that it will not loose,  but here in crypto don't rely on luck you need to learn every details here in bitcoin for you to able to succeed.

[Tlongbottom]

As a small time investor, there is some luck in play. You can do all the research you want and make an educated decision on what you invest in, but you can’t control what a whale is going to do. If they want to pump it or dump it, you have no control over it. Then, you have no control over the rest of the market’s reaction to that move. Long term I would say there is less luck involved, but day to day move are so unpredictable that you have to have a little luck on your side.