Bitcoin as a digital asset is in trend now. The exponential growth of bitcoin or generally speaking of cryptocurrencies is what makes hot news every more often. This can be misperceived as a gimmick, the false asset that is used to pump the money and dump when it is done. But this is not how bitcoin should be perceived. For u, living in a well economy balanced nation, the essence of bitcoin is shrunk to a digital asset. But this is not the case with countries that dread economic disasters. Ongoing crisis that is leading to a financial shutdown. People living in those countries see bitcoin as a hope and an opportunity. Never in the history of mankind has there came an invention like bitcoin or specifically blockchain that transfers power from the authority to the hands of people. Internet was one such invention, but the authority still remained. Its o performance decides the economy. A poor country has poor economics. People leaving in those countries earn less for the same work and working time than a person from another country. Hyperinflation is on the verge. Without power, they are entitled to nothing. They are the victims of wicked economists of the country. Now it is for the better hope that they came across bitcoin. The more you learn about it, the more you slay. Educate yourself about bitcoin for a better future in the world. With people holding the power, manipulation is impossible.
The first mover advantage maybe a myth like MySpace. It is not necessary to have a first mover advantage, but it may do good if managed correctly. In the world of crypto we could see Bitcoin reigning over a decade as the leading coin. It got its first mover advantage and it is way ahead than other altcoins. But does it means it will lead forever ? Not really. I’m case of Amazon the first mover advantage was a great benefit. It is not that because of Amazon being the first to deliver goods through online, it is the ever growth mindset of Jeff Bezos. Like in case of any other thing, the important factor is not the advantage, but the mindset that drives it behind. Last day I wrote about having a progressive mindset. But when it comes to BTC, the driver behind it is clearly absent. Its first mover advantage is getting it to the top, but as soon as when one person with growth mindset comes with an equivalent product (which already happened), the first mover advantage may slay. ...
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