This is probably the best information that anyone can learn, is to just be first, especially when investing in something:
There is this clip from this movie Margin Call, which I enjoyed very much where the main character says this quote:
"There are three ways to make a living in this business: be first, be smarter, or cheat. " - John Tuld (movie character)
This is probably the most important piece of knowledge when it comes to investing, because it applies to every single investment you will make throughout your entire life. It's not always as smooth as this, but most of the time it's spot on.
Let me explain the full quote goes like this:
"There are three ways to make a living in this business: be first, be smarter, or cheat. Well, I don't cheat. And although I like to think we have some pretty smart people here in this room, it sure is a hell of lot easier to just be first." -John Tuld (movie character)
So this is a spot on assessment on what is happening in every single investment every single time, in all industries, but we are going to talk about cryptocurrencies, since that is our niche.
Cheaters
Well there are scammers, ponzi schemers, thieves, hackers, and so on... plently of them in cryptocurrencies, and they definitely make a lot of money. But there is also a lot of risk, like if they get caught they are finished. Not to mention the morality of it, because laws are just words on a paper, but theft is immoral anyway. So it's not recommended to participate in any kind of immoral business. So I don't cheat, and we should not cheat either, not a good strategy.
Smart people
Well there are many smart people as well who run trading bots on Poloniex and Bittrex trying to arbitrage the market, or perhaps forecast it with some advanced Machine Learning system making money that way. Well it's possible, I used to do that back in my trading days, not with Machine Learning, that is a pretty new technology, but with Quantitative Analysis, Time Series Analysis, Regression Analysis and such. Commodity markets usually resemble a Seasonal ARIMA with 1,1,1 parameters so it's pretty easy to kind of forecast it on a longer timeframe if you find good regressors. Yes I am smart, not to be boasting my ego here, but just to tell you that it's possible to do this if you are smart. However, it's hard even for smart people. So it's really a hell of a lot just easier to just be FIRST
Be First
Yes it's just hell of a lot easier to just be first. This is true in any good investment, especially if it's turns out to be very profitable in the end.
How the hell do you think I made 1000% profit in Steem? And 350% with Monero ? And 370% with AMP (Synereo):
Well I didn't sat there doing nothing, I spotted an opportunity and acted quickly. I wasn't quite first, although I could have been a whale on Steemit, I was still joining pretty late, like in last September I believe whereas Steemit launched in last April to my knowledge, so those guys who joined even before me became the whales, you know like 
The success stories are long, the point is they were quick, I doubt they came with millions here, they became millionaires after. They were first, that's it.
So the first people become always the richest, and everyone after that just tags along, even though I just joined a few months later, I have already missed out the chance to become a millionaire here, because I was slow. 1 month later and the gates are closed.
The Power Law
The power law distribution is very common in finance. There is no equality in nature. Those that come first, take all the loot. That is how it is, that is the truth of life. Be first and you become rich, be last, and sit there crying where you were a loser.
- So the first people who invested in Bitcoin, bam, all of them millionaires now!
- The first people who invested in Steemit, bam, all millionaires now!
Here is the trick, usually it's not just the first, but usually the first 3-4 projects. Like it wasn't just Bitcoin, but also Litecoin, Tether and I believe another one. Anyone investing in those in the early days made good money, but the other cryptocurrencies trying to copy them haven't turned out well.
So copycats can be infinite but only like the first 3-4 projects become the establishment. So the Bitcoin ship has already sailed away, the big profits are already gone. I doubt the 1 million $ BTC is feasible, it's just daydreaming or wishful thinking. But there is still profit elsewhere.
What is the next gig?
Well social media for once. Looks like the Steemit ship has sailed away as well, well there is still massive profit opportunity here, like overturning Facebook, with 200 bn market cap for Steemit would be a pretty nice profit, but it's unlikely for now.
So Steemit is the first one, and it's a bit late to become millionaire now here, who knows, maybe from posting like 
But there is Synereo! It just came out yesterday, and the market haven't reacted yet. It is still possible to become a millionaire from that one.
And I was first there. I was one of the first people investing in that exactly when the price was almost the lowest, instead of investing at 3000 sat, I did it at 6000, but still very low. Now the price is 18000, so I already made 300%.
But it's still early. This would be like the equivalent of Steemit in April 2016, and just a few months later
What else, well maybe there is this Akasha, I am not sure about that, but that's about it. Steemit,Synereo, and a few others, and the gate is closed.
If you missed Bitcoin, don't be a fool and miss these ones too in my opinion. Get involved now, go and test out Synereo for example, the beta is live:
So this is how it happens usually, the first 3-4 projects survive and become the new establishment, and those investing in them fast usually become rich, while the others sit back and wonder why they aren't.
Well Synereo is currently the best opportunity in my opinion to make huge ROI at the moment, so check out the markets if you are interested:
Disclaimer: The information provided on this page might be incorrect. I am not responsible if you lose money using the information on this page! This is not an investment advice, just my opinion and analysis for educational or entertainment purposes.
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