Good luck or bad luck are either there or not there. They are part of life. But do we seek them on purpose or treat them as an element of randomness we can't control? OK, the "we can't control" part is not that straightforward, as human-programmable "luck" has odds which can be calculated and, what some call "luck", others call "math" or "game theory". Many love games of chance (or "luck"), but few have the knowledge, discipline, and endurance to win at these games given enough time or trials.
Most gamblers are simply wishful thinkers with some money to lose.
Generated with Ideogram.
And we, in crypto, have so many of them, unfortunately. And with enough money to lose too. To be honest, I don't care much about them. It's what they choose to do, at their own risk.
But there is such thing as demand and offer. And if there is so much demand for casinos, then crypto will slowly become a casino place, with nothing of value, because, what for, if demand is for gambling?
I heard a smart guy (Raoul Pal) say that we should make as much money as we can by 2030. Why this rush? Nobody knows exactly what will happen after 2030 with the exponential growth of AIs, but everyone already wealthy wants to be as wealthy as they can by then, apparently... He even likes the "meme culture". What's not to like? A versed former Wallstreet guy like him, could make a lot of money off of the novices playing the meme pump & dump games. I'm not saying he does that, he made plenty of profits in bitcoin since 2014, plus whatever else investments he has.
If we have a "deadline", whatever that deadline could be, does the slow & steady investment strategy still work? On the other hand, isn't this a way to add some fuel on the casino fire, to make it burn (read transfer away) even more money from the poor and the middle class.
So, the question is: do you plan for luck in crypto (which could mean going to the moon or going bankrupt) or do you plan for slow & steady growth? Do you combine them?
Personally, I take the "slow & steady" approach, whatever that means in crypto, where slow and steady could be 3x-5x in a cycle (or more). I have had both good and bad luck in my crypto journey, but I rarely sought it intentionally (with few exceptions, like on Splinterlands, on occasions, for example, but I haven't taken profits, so it doesn't count). It generally just happened. Nothing that one could define as "going to the moon" or life-changing, but they can proof significant at some point, if prices change. That doesn't mean I totally ignore the "meme culture", but it's more on my peripheral view.
