Market success hinges on experience and strategy, according to a new report from 10x Research. The study reveals that seasoned traders consistently profit during cycles by selling into euphoria while newer entrants hold positions through sharp corrections, highlighting the crucial difference between luck and logic in crypto markets. This disparity is apparent across multiple market cycles, showcasing the strategic advantage of informed decision-making over speculative optimism. The report uses comparisons to games of pure chance like roulette to illustrate the point: uninformed traders are at risk, leading to losses by relying on emotion instead of solid strategy.