In regard to competition, off topic from Steemit platform....You want to dominate, don't compete! Leaders don’t have to compete because they set the pace and make the rules for everyone else to play by.
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As a competitor, that is definitely the mindset to have.
As an investor, backing one horse while hedging on other potential winners is my preferred strategy!
Check out what I wrote about EOS. I really should have had someone edit
https://steemit.com/eos/@natxlaw/my-adventures-with-eos-and-other-tokens-pt-1