If you can spot a business model that doesn't degrade into a race to the bottom, you're already ahead of 95% of people.
Most markets? Pure commoditization. Everyone competes on price until margins are razor-thin and nobody wins.
The real alpha is finding moats—network effects, regulatory capture, brand power, or tech that scales without dilution.
In crypto: think protocols with sticky liquidity, tokens with real utility lock-in, or ecosystems where switching costs are high.
Stop chasing hype. Start hunting structural advantages.
Most markets? Pure commoditization. Everyone competes on price until margins are razor-thin and nobody wins.
The real alpha is finding moats—network effects, regulatory capture, brand power, or tech that scales without dilution.
In crypto: think protocols with sticky liquidity, tokens with real utility lock-in, or ecosystems where switching costs are high.
Stop chasing hype. Start hunting structural advantages.