The technical threshold in the crypto world is actually not that high. If you can develop smart contracts, your neighbor can learn too; if you're good at analyzing on-chain data, AI tools can do the manual work for you now. The key to distinguishing experts from amateurs is not about whether you write code or look at candlestick charts.

My observation is that the distribution is as follows: 10% technical, 40% cognitive, 30% execution, and 20% luck.

Cognition determines what opportunities you can spot, while execution decides how much profit you ultimately can make. Many people actually see through market patterns, but lack the drive to act or get flustered as soon as they enter the market. Some tech gurus spend all day researching various DeFi ecosystems and liquidity mining details, but end up missing the red-hot period of the meme coin wave.

As for that 20% luck, I believe fate has its arrangements. But the premise is that you lay a solid foundation and set up the necessary arrangements in advance. Luck will always favor those who are prepared, and this rule is especially effective in the crypto space.