Will Rising Tide Still Lift All Boats?
In nature, that's not something we question, since all boats are lifted by the rising tide, unless some boats are no longer capable of floating, for example, if they have a... leak, big enough to affect their buoyancy. If the leak is too big, pumps don't help either, and the boat sinks.
I was curious to track down the origins of the "rising tide lifts all boats" aphorism. Turns out John F. Kennedy used it in a high-level speech for the first time, but that was the slogan of a regional chamber of commerce he and his speechwriter found catchy.
So... a pretty old one. And as a general rule, it works in economy and in specific industries. That doesn't mean that when the tide rises businesses no longer fail or that great times reach every corner.
In crypto, people say we have way too many tokens now compared to previous cycles and it's impossible for the capital to spread to all of them. I am of the same opinion, but at the same time, we still haven't seen hype and the full expansion of this tide, to see which tokens will benefit from an investment influx, which in many cases is the same capital recycled from businesses that have risen to others, based on the investor's preference for some projects, often for reasons other than for profit. We know that unlike the rising tide metaphor, in crypto (and in economy, as well), growth isn't happening simultaneously for all businesses and coins. It's more like little bubbles bursting and generating ripples that reach other nearby places when it happens.
Let's have an example: ETH had a spectacular rise on a pretty short period. Some probably took some profits at the ATH or close and now that capital is either waiting patiently in stablecoins, or moved to a different place where the investor saw another opportunity. That's a little bubble that burst (that doesn't exclude ETH going higher than this current ATH), and a ripple to other places.
Cronos (CRO) has been in the news lately because of the partnership between Trump Media and Crypto.com, where Truth Social and Truth+ will add a reward program based on CRO as a utility token. CRO obviously skyrocketed, so another bubble building up. Next move... Elon Musk and X? As someone who has a couple of thousands of CRO locked for my tier benefits, I looked deeper and also found this, for anyone wanting to see behind the front ends.
Will these ripples eventually reach HIVE? As a small alt, if they do, they will do it very close to the end when everything is about to pop and will last a short while. If you look even at some bigger alts, they are closer to their 52-week interval lows than their highs. The question still remains: will rising tide still lift all boats? Probably not, but we will see how markets decide where to invest in the hype period, when reason is the most clouded.
Posted Using INLEO
A rising tide floods some basements :)
There will be some things that could affect all crypto like changes in regulation, but the technical value of each coin ought to affect individuals too. It does seem to be a lot about Hype though. We know Hive is good technically, but it's gone from top 10 (in the Steem days) to having hundreds of others above it so it will hardly get noticed despite having thousands of people using it daily. I keep saying that more users fixes a lot of the issues, but we struggle with that. We need investors too if we want the price to improve. The two may be linked.
That too! :)
Patience is very limited in crypto, and maybe in the tech world as a whole. If you don't make it soon after launch, people tend to forget about you and look at the next shiny thing. I suppose the solution would be an app that becomes a magnet. Either one app for both users and investors, or different apps for people looking for different things. But as we have seen, it's not easy at all to come up with something like that... Even when we think we nailed the product, people don't come. Or if they come, they don't stay.
Everyone wants the 'hot new thing'. We've gone past that and have to keep the momentum going.
I never heard of this saying, I guess it never entered Italian world... As you say every token follow its paths, too much speculation, buy in, cashout and such... Hive is kinda niche, who knows if we will see the high tide
I heard that metaphor a lot in crypto related to the bull market. Probably not as much lately, since many started to question its validity this cycle. But you know, when the majority stops believing in something, that's when it is proven true once again... So we will see...
In crypto it’s less a “rising tide lifts all boats” and more like “random waves lift a few boats, while others remain stranded.”
Seems like it at times, yep. But even in previous cycles, tokens soared and crashed at different times on occasions, so we will see to the end what happens.
Hadn't heard about CRO partnership but as a regular user of the card and app that has pumped my stake nicely. I still need to keep some locked up but might take a small profit.
I have most of my CRO locked for the tier benefits and over time I kept my CRO rewards and staked them waiting for the end of the bull market. That added some small staking rewards too. Since I unstaked CRO a while ago to have them liquid, I had a couple of hundred of them to sell. Probably should have waited a little longer, but.. September is coming, and who knows what will happen?
https://x.com/lee19389/status/1960849564539265227
#hive #posh
Trump has talked about this coin and if he also invests in it, then in the coming time we will see its price pumping a lot. Crypto should only bring news, after that there is a lot of pumping in this coin.
Yeah, the agreement is Trump Media invests 105m dollars in CRO. That was 2% of CRO market cap at the time of the announcement. And it's obvious they started buying.
I have a feeling it won't reach Hive. From his previous statements, it looks like he is focused more on a certain number of core crypto tokens as opposed to the entire market.
The end is unpredictable. I don't think anyone can really tell what will pump briefly at the end and what won't.
I share your opinion regarding this, and I doubt it will raise ALL boats... There are too many boats, and many of them have a big hole in them! Tbh, I start doubting that it will rise more than a handful of ships, and we could have a continuation of something that you just described... Sporadic pumps of specific tokens...
On the other side, me having doubts in continuation of the bull run can be a good sign, as the markets tend to do the opposite... 😃
I have picked this post on behalf of the @OurPick project! Check out our Reading Suggestions Posts!
Please consider voting for our Liotes HIVE Witness. Thank you!
It's not you, it's pretty much what markets do. When the sentiment shifts too much in one direction in the short term, it often goes the other way and that's how many are caught off guard. That's why a little contrarian thinking is good for our portfolios, and I know you are employing that strategy sometimes too.
I'm still sticking to my numbers and gradually taking profits strategy... If it doesn't happen in this bull run, I will wait for the next one... 😃
That may be a good mindset, that relieves the pressure from you, to sell by the end of this bull market at all costs.
One of the big advantages HIVE has is the futures and Koreans. One of the biggest missing pieces is any real marketing efforts from DHF. This is one of the best times to go all out on marketing while Ethereum is getting massive institutional attention. At least @splinterlands and LEO are taking their expansion seriously.
https://cointelegraph.com/news/ether-etfs-captured-10x-more-inflows-than-bitcoin-in-last-5-days
Futures are a double-edge sword, and they can work both for (increased liquidity) and against a token. Surely, they would stop any longer uptrend, because on leverage you make gains quicker and even in a tighter range.
Are Koreans still around? Pumps kinda stopped more or less since futures were introduced for HIVE.
The question is: what exactly to market? Fast chain? There are a number of chains much faster. Free transactions? For people with money, I think that is a deterrent, for anyone else, I think it makes them think it is a scam. Rewards? Competition is already here or very close. Censorship resistance, no company behind? Very few seem interested. Public text database? Maybe, but probably the ones who would be more interested would rather talk with a company or owner nowadays. Tomorrow... who knows? HBD? Too small, too late - but great for Hivers, a stablecoin at the base layer probably keeps more funds in than people realize.
For people already on Hive and those who may still join, there are still opportunities here, not the greatest, but they can be found. And Hive is reliable, has a history behind. Perhaps its only chance to attract massive numbers of users is for apps to make it big. That has been said before, and it's easier said than done, especially on the long term and to keep users around.
I agree that this is the time to get noticed. But big institutions won't be interested in chains like Hive, precisely because of what makes Hive Hive. Smaller firms, maybe.
I hope both of them will make it.
They come and go. That was the case earlier and I don't expect much of a change going forward. Koreans are a lot more open to trading outside of the blue chips.
You nailed this part. DHF has never been supportive of DAPPs the same way other blockchains were pushing hackathons and other developer support initiatives. If HIVE is a long standing community and if memecoins are mostly just communities, we should be able to replicate their success. If a Token with a funny name and a picture can have multiple times the marketcap of HIVE, we are failing as a community. Where is the hype that make investors want to invest in? LEO is the only place where I'm seeing any serious hype with community on the same page.
Lots of small fish can make a difference. Keep in mind that everyone needs to have some HIVE staked to make the transactions. If we have at least a few million active users, that alone will lock up a large amount of HIVE. We need DAPPs + community building.
Actually, they have done a few of those, in LATAM, in India. There is that dev center (if we can call it like that, there might be multiple places, I don't know) in Poland where new dev blood gets recruited all the time. Maybe they should do more of them. The problem is that devs will prefer something like EVM since the applicability and their chances of getting a job is much higher.
I fully agree with this. But we seem to always be very inquisitive when dealing with big communities that join. Are they for real or not? What is our benefit? What is our cost?Maybe once we'll have a second layer lite account system well thought-out, people loosen up a bit.
I think pockets of performance will keep happening across the space, especially when new metas come and go bringing tides that lift up certain boats. The big tide will probably be tied to positive broader economic conditions and presumably many many boats will be lifted when that happens.
I did read somewhere that the PTSD of the bear cycle is still holding us from dreaming bigger in the bull cycle, I agree to a certain extent but the overall economic conditions does also play a part, I think.
I tend to think this is true, to some extent. I, for instance, suffer from an easy form of PTSD from previous cycles because I didn't take profits when I should have. Maybe I overcompensate now, we will see.