Any investment we do must be fro our own analysis and study. In the financial market, we see people investing in stocks and bonds based on what they hear form their friends and colleagues. They say "it may give good returns". If we want to invest and don't know how to do oit, then most probably the chances would results in we slaying towards the tips and news. The good part about tips and news is that its role as an educator. We can look into the specific financial advice and draw our own conclusions based on our analysis. Investing based on pure news and tips is a disaster. It may give handful of returns in the short term, but in the long term it is dangerous.
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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