You got this totally wrong, first of all "luck" is definitely not a strategy. Everything in your life about "luck" and "risk" to begin with but that doesnt mean you can cross the street with your eyes close and hope you get lucky and no truck would hit you. This is totally an absurb thought
The same thing that when you are playing dice and try to win 10 BTC with 10 BTC bankroll as well . You cant expect to be "lucky" , close your eyes and hope for the best but instead with some "strategy" you could atleast try to win some or atleast limiting your loss instead of busting your whole 10BTC
He probably meant whichever strategy you use the edge is the same 1%. So, getting lucky is certainly a preferable variable than any strategy.
Winning 1 BTC from 1 BTC has 49.5% odds. That is true whichever strategy you pick.
All it can do is reduce the probability, but when someone makes like a 100,000 bets getting bust becomes very probable.
Variable isnt strategy and this thread is merely discussing "strategy" though everything you use will eventually give you either profit or bust . I just find it funny that someone keep on using the words "lucky" as strategy because it is not , plus that everything is about "luck" and "risk" in our life but that does not mean that he can just "hope" for the best because he could be lucky today
Some people prefer making tons of bet to get reduce the "probability" to bust which mathematically means higher chance to win but the difference is pretty much low on the other hand some people prefer to go higher / all in because the thrill of winning is higher rather than getting few satoshis with each of your bet
He just meant he just rely on luck and follows no particular strategy. (though he phrased it like that. For him following no strategy is a strategy, but for you it isn't. And both are certainly not wrong.)
You can't compare that with RL situations, because you can influence what happens with your life. But you can't do that with this. Completely out of your control, and not predictable. Nothing wrong with hoping for the best, esp. if that is out of your control.
Yeah. Depends on how he thinks.
Technically, the longer one is costlier when you take the time lost, and other variables into account. It only delays everything - profits as well as getting bust.
