Yuanqi Forest founder Tang Binsen said three years ago: If you want to play cards, first go to the table where people are foolish and have lots of money; otherwise, go to the table where people are strong and have lots of money; if not, then to the table where people are foolish and have little money. Don't go to a table with both skilled and poor players. Consider how to choose a table in entrepreneurship:


Foolish and wealthy: users are willing to pay, decision-making is irrational, market size is large but competition is relatively mild.
Strong and wealthy: the market is huge, the ceiling is high, but experts gather and competition is fierce at big companies’ tables, requiring real skills.
Little and foolish: niche market, users are unprofessional, competition is weak, but overall scale and customer spend are limited.
Both poor and skilled: saturated red ocean, limited market size, experts compete fiercely, making it hard for new players to stand out.
In the past few years, crypto issuing belonged to the foolish and wealthy group, but that’s no longer the case; exchanges, public chains, and DEXs belong to the strong and wealthy group; being a KOL offers a good chance to stand out within a few months due to weak competition, but the ceiling is visible; being an agency also belongs to the foolish and poor group, and is even shifting toward a scenario with both poor and skilled players.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)