Get rich quick scheme is very much overrated. People get attracted to getting rich than building a long term wealth. It is quite obvious, all of us want it achieve our goals as soon as possible. I mean for lot of us it is meaningful. And most of people in this planet consider work as the mean of earning money, which is partially true if the purpose is neglected. So all want to get rich within a very short span of time. This is desirable because it brings financial freedom which further brings the true freedom. This is luring. So we chose the get rich quick scheme.
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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