{"id":13758,"date":"2018-12-17T20:49:27","date_gmt":"2018-12-17T20:49:27","guid":{"rendered":"http:\/\/mediashower.com\/blog\/?p=13758"},"modified":"2018-12-17T20:49:27","modified_gmt":"2018-12-17T20:49:27","slug":"pray-for-shrimp","status":"publish","type":"post","link":"https:\/\/www.mediashower.com\/blog\/pray-for-shrimp\/","title":{"rendered":"Pray for Shrimp"},"content":{"rendered":"<p style=\"text-align: left;\" align=\"center\">Do you remember the scene in <em>Forrest Gump <\/em>where Forrest buys the shrimp boat?<\/p>\n<p>At first, no shrimp. Forrest and Lieutenant Dan are pulling up nothing but trash from the bottom of the bayou.<\/p>\n<p>Then a terrible hurricane rocks the coast\u2014and at the end of this ferocious storm, Forrest and Lieutenant Dan are the only ones left standing.<\/p>\n<p>Here\u2019s the clip to refresh your memory:<\/p>\n<p><center><br \/>\n<iframe src=\"https:\/\/www.youtube.com\/embed\/oyjR0foanYU\" frameborder=\"0\" width=\"560\" height=\"315\"><\/iframe><\/center>If you\u2019re an investor in blockchain, 2018 may have felt like the year of the hurricane. Did you stay out on the boat, weathering the storm? Or did you flee for \u201csafety,\u201d tying your boat to shore?<\/p>\n<p>If you stayed in\u2014if you\u2019re reading this now\u2014then you will enjoy the bountiful catch to come. The storm will pass. And afterward, All-You-Can-Eat Endless Shrimp at participating Red Lobster locations.<\/p>\n<h2>What Follows Crypto Winter?<\/h2>\n<p>The blockchain industry is calling this period \u201ccrypto winter,\u201d and I like that phrase. Winter implies seasons, and seasons change. If this is crypto winter, then surely it will be followed by crypto spring, where animals mate and flowers bloom.<\/p>\n<p>Crypto winter has, of course, been driven by the price of bitcoin, which stood at $20,000 just a year ago, and today is a little over $3,000. As the blockchain market moves in tandem with bitcoin, the price of most altcoins and tokens plummeted. FOMO turned to FUD.<\/p>\n<p>Yet so many people kept the fire going. I have been inspired by the entrepreneurs, developers, investors, traders, and lawyers (yes, even the lawyers) who have moved the industry so far forward this year. We\u2019re all out on the blockchain boat together, weathering the mighty winter hurricane.<\/p>\n<p>In business, we call this a \u201cshakeout,\u201d where an overcrowded marketplace is pruned to a manageable size. Only the healthiest and strongest survive.<\/p>\n<p>Expect more of these shakeouts in the years to come: there will likely be only two or three winners in healthcare blockchains, identity blockchains, supply chain blockchains, and so on\u2014just as there are only two or three winners in the ride-sharing market (Uber, Lyft, and hitchhiking).<\/p>\n<p>This is how the technology industry rolls: an initial wave of excitement and investment, followed by shakeout and consolidation. This is the industry we\u2019ve chosen. It\u2019s a roller coaster.<\/p>\n<p>Whether you\u2019re like Forrest Gump madly scurrying about the deck, or like Lt. Dan challenging God to \u201cTRY HARDER!\u201d, the fact that you\u2019re still standing\u2014that you\u2019re still reading this\u2014is what matters.<\/p>\n<p>Have faith the storm will pass; it always does. Ask yourself, <em>Where do I want to be when the blockchain market heats up again? <\/em>Steer your boat to the best fishing spot, and wait.<\/p>\n<p>Pray for shrimp.<\/p>\n<p>John Hargrave is the CEO of Media Shower. <a href=\"https:\/\/www.bitcoinmarketjournal.com\/join\/?__mscta=2372_73975_10247\"> Subscribe here to get his shrimp fishing forecast for free.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you remember the scene in Forrest Gump where Forrest buys the shrimp boat? At first, no shrimp. Forrest and Lieutenant Dan are pulling up nothing but trash from the bottom of the bayou. Then a terrible hurricane rocks the coast\u2014and at the end of this ferocious storm, Forrest and Lieutenant Dan are the only<span>&#8230;  <a class=\"read-more\" href=\"https:\/\/www.mediashower.com\/blog\/pray-for-shrimp\/\">Read More&#8230;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":13760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[459],"tags":[],"_links":{"self":[{"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/posts\/13758"}],"collection":[{"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/comments?post=13758"}],"version-history":[{"count":9,"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/posts\/13758\/revisions"}],"predecessor-version":[{"id":13769,"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/posts\/13758\/revisions\/13769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/media\/13760"}],"wp:attachment":[{"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/media?parent=13758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/categories?post=13758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mediashower.com\/blog\/wp-json\/wp\/v2\/tags?post=13758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}