I love long lasting crypto businesses that are either: - there’s no loss when the market is bad, you make more when the market is good, you make less when it’s bad. For example: News Trading, botting, affiliation, MEV Or - have high entry barriers/ require specific edge/ combination of talents&resources. For example, mass sybil airdrop farm with tons of Chinese labors Or - highly profitable opportunities in the grey zone, for example, the DWF Labs’ Trading strategy. They can do this because they operate in countries that manipulation of altcoins isn’t a legal problem, many countries actually treat manipulation of altcoins like pump&dump the price of watches/shoes/cars/arts which the gov don’t cares. In general, I consider myself as a businessman in the crypto space instead of been a trader. I think of running businesses on certainties instead of trading on uncertainties.