Year: 2023

  • Bitcoin Has Dropped 50% From Its All-Time High

    Bitcoin Has Dropped 50% From Its All-Time High


    Bitcoin prices have plummeted in recent months, losing more than half their value since mid-April and falling to just under $30,000 this morning.

    According to CoinDesk numbers, the world’s most common digital currency reached $30,201.96 today.

    According to additional CoinDesk data, it was down more than 55 percent from its all-time high of nearly $65,000 at this point.

    At the time of writing, the cryptocurrency was trading around $37,000, and many market analysts weighed in, shedding light on the digital asset’s recent price fluctuations and evaluating its short-term prospects.

    [Editor’s note: Investing in cryptocoins or tokens is extremely risky, and the market is largely unregulated.] Anyone thinking about it should be aware that they might lose their entire investment.]

    Selling Pressure That Is ‘Relentless’

    “Over the last 24 hours, the selling pressure in the BTC market has been relentless, perfectly aligning with elevated bitcoin inflows to exchanges seen on-chain,” said Sean Rooney, head of research at Valkyrie Investments.

    “Binance led the charge on Monday, with over 53,000 BTC dumped into the exchange to be sold,” he explained.

    Nick Mancini, a research analyst at Trade The Chain, a crypto sentiment data provider, discussed how events like these influenced prices.

    —

    “Bitcoin is now down 45 percent from its April high of nearly $65,000,” he said.

    “Short-term sentiment seemed to be bottoming out with price, but it appears that they were only consolidating for a further decline,” Mancini said.

    “The good news is that Bitcoin’s primary liquidity levels in the $30,000 range remained stable throughout the decline, causing the price to recover from $30,000 to near $37,000 in less than an hour.”

    “Key support levels are $28,500, $24,000, and $20,000, which all correspond to order book liquidity levels,” Mancini said.

    StockCharts.com’s chief market strategist, David Keller, added:

    “Bitcoin’s drop to $30,000 made technical sense because it’s a 100 percent retracement back to the January lows. It’s all about seeking equilibrium after a serious selloff like this.”

    “Where do we see investors with enough clout to drive the price back up?”

    “Based on previous price support and the influx of buyers this morning, $30,000 is the new floor for Bitcoin,” Keller said.

    Market Is ‘Oversold’

    The market may have overreacted in light of recent events and bitcoin’s losses since roughly mid-April, according to analysts.

    According to Mancini, Bitcoin’s relative strength index (RSI), a technical measure used to gauge an asset’s momentum, recently dropped to “the lowest level since March 2020,” meaning the digital currency is “highly oversold.”

    He also stated that the Moving Average Convergence Divergence (MACD), a momentum indicator used by technical analysts, is “at its lowest level in Bitcoin’s history, further suggesting Bitcoin is oversold.”

    “The market is due for a bounce,” according to Rooney, but “a fast turnaround in the short term is unlikely.”

    “A correction of this magnitude in the middle of a bull market seems out of place, but the absence of mania topping trends indicates the bull run is not over,” he said.

    “With new users joining the network, long-term fundamentals on-chain remain strong.”

  • Leadership tip: Can Toastmasters serve as your cue?

    Leadership tip: Can Toastmasters serve as your cue?


    James Clear explores how our environment affects our habits in his best-selling book Atomic Habits. If we want to read more books, placing books in various parts of our house can serve as a sign to our minds to read; similarly, placing notebooks and pens throughout the room might serve as a sign to write.

    If you want to improve your leadership and communication skills, you’ll need to start with a habit. Toastmasters might be a good place to start.

    While we may have always been told that communication and leadership are necessary abilities, we may not have always had the opportunity to put them into practice. Furthermore, these are talents that we improve through practicing. We may fumble and fall at first, making the initial step terrifying and frightening. This is where the environmental cue becomes even more important. You are permitted to go blank and forget your lines at weekly Toastmasters club meetings as long as you strive to take that first step.

    This has prompted me to explore with speechcraft and other aspects of communication. With butterflies, boxes, and glasses, I’ve presented speeches. As part of my lecture, I set up the keyboard and played Mozart for the crowd. I’ve put on a magic hat and done tricks that I completely forgot about halfway through. Some of them were successful, while others were not.

    When I found myself in a situation where there were leaders, I decided to improve on my leadership qualities by joining the club executive committee. I had the opportunity to reflect on my strengths and limitations as a communicator and leader in between leadership responsibilities, meetings, and actions. When I had the opportunity to serve as the division editor for Nepal in 2019/20, my relationship with material grew even stronger. Many doors unlocked themselves on this journey, and it was a nudge to open them, both personally and professionally.

    Toastmasters’ philosophy is vast, but if I had to summarize it based on my personal experience, I would say it is the opportunity to try new things. There are a plethora of cues in Toastmasters’ Pathways education program. The ability to think quickly on your feet, the agility to detect compliments and recommendations, and the versatility to build various speeches all become transferable abilities. The teachings become inseparable as you figure out what works and what doesn’t for you. You take it with you wherever you go, at home, at work, and everywhere else.

    Toastmasters has a long and illustrious history, with over 95 years of experience. You might want to dive in for the pearl, or you might want to dive in for a swim, depending on your ambitions, but the most essential thing you’ll find here is an environment in which to grow yourself. Can Toastmasters help you with all of these things and more? You are the only one who can tell.

  • How do you log into your router?

    How do you log into your router?


    How do you log into your router? 7

    Does your internet have an issue and you need to log into your router to fix it?

    The following steps should help you log into the router connected in your home network.

    Please not that the following steps will help you log into all the popular routers available in the market.

    Step 1: Go to your web browser and type in the router’s IP address (192.168.0.1 by default).

    If 192.168.0.1  does not work, please try 192.168.1.1, 192.168.1.254, 192.168.1.10

    Step 2: Click OK or Log In after entering the username (admin) and password (blank by default).

  • What is the Internet of Things (IoT)?

    What is the Internet of Things (IoT)?


    You’ve already heard of smart devices, autonomous robots, and self-driving cars in some form or another. They are undoubtedly innovative, but they aren’t as clever as they seem. The biggest drawback of these smart devices is their limited ability to communicate with the outside world. A car can drive itself and avoid external obstacles, but it can’t decide when to pick you up or what kind of music you want to listen to based on how your day went at work.

    Consider how useful it would be if your wearable fitness devices could monitor your heart rate and the number of steps you’ve taken during the day, and then use the data to recommend workout plans that are specific to you. A system that uses an app to monitor statistics for future training and recommends diet plans. Isn’t that awesome? That, then, is the real-world application of IoT. Continue reading to learn more about IoT.

    What is IoT?

    In the internet of things, all devices are linked by a unique identifier known as an IP address. These smart devices are also equipped with sensors. They use their own sensors to collect data from the environment, and they work closely with other devices to do so. After that, the data is sent to central servers. The servers then store, evaluate, and process the data before sending instructions to the system to perform a particular task under certain conditions.

    Implications of IoT

    IoT can be applied to almost every aspect of human life. They can be used in healthcare, where data from IoT devices can help doctors determine the best treatment plan for their patients. It can also be used to avoid the disease by tracking it continuously. In the same way, it can be used in industries to power manufacturing devices and various types of equipment. In addition, IOT can be used in education to enable students to collect learning materials. They also allow teachers to monitor their students’ progress in real time. In this way, the Internet of Things plays an important part in our daily lives.

  • What Stock Market Basics Do You Need To Know?

    What Stock Market Basics Do You Need To Know?


    To succeed in the business of stocks, learning the stock market basics of the trade is essential. The stock market is a complicated game and knowledge is power when it comes to financial freedom.

    The decisions you make can yield unlimited earnings or completely break your budget. While there is some level of gambling involved in the stock market, an educated trader will ultimately achieve success.

    Prior to risking your hard-earned cash on the stock market, you need to recognize certain vital factors when deciding which company to invest in.

    Consider these stock market basics to learn more about the company you want to buy into:

    Check Out A Company’s Revenue

    What is the actual amount of money the company makes? This total amount is referred to as revenue. While young companies in their early stages of development may not have much revenue to offer, other companies who have been in the market for a long time may use their revenues to cover costs and losses.

    A Company’s Earnings Make A Difference

    How much money does the company make? This amount of money is called a company’s earnings. Beside revenues, earnings may be used to cover expenses. Earnings are the extra money taken in by a company. Because investors investigate the earnings made by a company they want to purchase stocks on, the companies with large earnings have a distinct advantage in the stock market.

    A Company In Debt Is A Bad Sign

    How much money does the company owe? Debt is the money owed by a company, which can be represented in many different ways. When a company is in debt, the money they have will be used to pay up the debit. It is risky to purchase stock from companies in debt because the company is unstable which could result in them declaring bankruptcy.

    A Company Should Own Property

    What does the company own? The assets owned by a company, including business, money and stocks, are referred to as property. When you are aware of a company’s assets, you can better ascertain their position in the industry. When companies have significant properties under their ownership, it is safer to trust their background. Often people will immediately buy stocks from companies holding a major amount of assets because they are more secure.

    A Company Should Show Financial Responsibility

    How much does the company have to pay out and what are their total financial obligations? Each company has different financial obligations. When a company has few financial obligations, they are in less danger of getting into debt. Examine the liabilities versus the assets of a company to determine their financial responsibility. A company should have higher assets than financial obligations.

    Gambling your money on a company you know nothing about is an unsafe and unwise decision. By simply reviewing the company’s background, you have all the stock market basics right at your fingertips.

    To make sure your money is in the right hands, do your research about the companies you want to invest in.