RE: How Much Do We Rely on Luck in Crypto?
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Luck is a big factor for whatever we tend to gain in this realm. Its also the same fate for every business enterprise and money attached to it.
I dont know that if, big chunk of profit is a good idea to get due to risk attached to it - but we can surely start from little to large holdings. Thats the apparently profitable way to gain good returns.
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In a way, you are right. In can be considered luck that bitcoin and the alts with a decent history behind gathered the initial interest and momentum to become a global movement and that it survived for so long, when it could have been crushed early in its existence, when the space was much more frail.
But other than that, "luck" is very different depending on people's investment strategies, and can have a huge impact or a rather negligible one. And that's true for businesses too, and the way they are built and managed.