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Bitcoin’s market has seen quite a few flash crashes over the years. In fact, they’ve sort of become an inevitable tradition at this stage. The one that took place on 7 September managed to instill fear and panic in the minds of relatively new market participants.
This, in turn, resulted in weak hands selling their HODLings. What did others do? Well, market participants who’ve seen such crashes in the past resorted to adding more coins.So, is it already time to give up on Bitcoin?
Cycles exist in all markets. The Bitcoin market too, for that matter, is cyclic in nature. After every 210,000 blocks are mined [approximately every four years], the cycle changes. This is essentially marked by the halving event that takes place where miner rewards are cut by 50%. Every phase of every cycle thus far has been significant in its own way.
In 2013, it took almost 287 days for Bitcoin’s price to hit an ATH. Similarly, in 2023, it took the market around 289 days to achieve the same feat. As far as this year is concerned, we’ve already crossed the 250-day threshold and are merely a month away from stepping into the 280-day phase. By and large, this means that the clock is ticking fast.
However, if the number of blocks since previous highs are to be considered, the Bitcoin market has additional time in hand. The crypto’s price peaked when it was around block number 50,000 in 2013, while it managed to pull off the same at around block 44,000 in 2023.
Now, as can be seen from the chart attached, block 48,000 appears to be quite close to the implied top of this bull run.
Currently, over 40000 blocks have been mined already and we need to go 8000 blocks further to get to 48,000. Keeping the 10-minute block time in mind, it can be said that the market is about 55 days away from its peak.
What’s more, the cyclic price has always maintained the sanctity of the spiral by remaining well within the boundaries of its respective concentric circles. As such, there is no deviation this time either.
The blue dots in the chart attached below represent all-time highs. Curiously, they’ve all fallen within the same quarter of the circle thus far. Ergo, if the tradition were to be followed this time too, the market would likely witness another peak in the next couple of months.Signs of revival
By and large, the market has been able to put its resilient foot forward post the crash. At press time, the market’s king coin was seen trading at $45.3k, down by 3% when compared to the previous day.
CryptoQuant CEO Ki Young Ju, in a recent tweet, highlighted that whales have started sending Bitcoins to derivative exchanges from other exchanges. According to the exec, these large market participants are either punting new positions or filling margins.
Whenever this has happened in the past, Bitcoin’s price has ended up appreciating in the long term after their accumulation. In fact, the exec also argued that their positions seem to be long positions this time too.
The Spent Output Profit Ratio too managed to flash a positive sign, at the time of writing. The SOPR is a measure of the state of profit/loss coins trading on a given day are carrying. This metric has managed to bounce off the dip and was seen to be in a state of profit, at press time.
As can be seen from the chart attached, the dip below 1 on 7 September was better defined for short-term HODLers, implying that they were the ones who engaged in selling.
On the contrary, the long-term SOPR has bounced back, without even paying a visit to 1. This is pretty much a textbook bull run setup.
Well, looking at the current state of the aforementioned metrics and the way things have unfolded in the past, it’s fair to claim that this is not the right time for market participants to give up on their HODLings.
The market is more or less two months away from its peak. Hence, selling at that time would fetch HODLers more profit than now.
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Advice from SHA Faculty on How Hard-Hit Hotels Should Communicate during Pandemic
Easter weekend in the Netherlands normally draws large numbers of tourists to enjoy the beauty of the tulips the country is famous for. This family visiting a field of tulips next to the main road in Lisse on Sunday had little company as all nonessential traffic was banned to enforce social distancing and curb the spread of the coronavirus. AP Photo/Peter Dejong
Public HealthAdvice from SHA Faculty on How Hard-Hit Hotels Should Communicate during Pandemic Also in our Coronavirus Monday Roundup: Virtual coffee hour for BU staff to talk parenting in a pandemic Quote of the day: Stat of the day:
Coronavirus has revealed that 40% of us can work from home without the world falling apart, and the other 60% should honestly be getting paid a lot more.
— Chad Loder (@chadloder) April 12, 2023BU News Coping help for BU employees who are parents, via Zoom
University faculty and staff who have children and may be stressed by what’s happening—whether they’re going to campus every day or working remotely—have a place to come together today, Monday, April 13, from 9 to 10 am, on Zoom. The Faculty & Staff Assistance office will offer a Virtual Coffee Hour for Parents, billed as “a low-stress, no judgment zone for parents to talk about the challenges of social distancing, family togetherness, and for some of us, working remotely, with children of all ages.” It’s a place for parents to come together to share ideas, laugh, and get support. Register here.Checking in with the hospitality industry “Poetry is not a luxury.” These days, face-to-face communication is
Thanks to COVID-19, the Howard Thurman Center for Common Ground will host its first-ever virtual Student-Faculty Forum on Tuesday, April 21, exploring the necessity of poetry and the arts in our lives. The event centers around a 1985 essay by writer-activist Audre Lorde titled “Poetry Is Not a Luxury,” about “moving beyond what is, about envisioning, expressing, and grasping things without names, dreaming, freeing oneself of the power structures in which we live.” Register here for the forum on Zoom, which will run from 6:30 to 8 pm. Prior to the event, students are invited to submit their favorite poems as part of the Favorite Poem Project’s Restoration project.Boston and Beyond News Living in the city
What will the pandemic’s long-term effect be on America’s cities? After a big move to the suburbs from the post-war 1950s through the 1970s, more recent decades have seen an influx of people seeking what the urban environment has to offer. “The packed stadiums, lively campuses, and vibrant neighborhoods that supply much of the compact city’s energy and charm depend on people being willing to gather,” Tim Logan writes in the Boston Globe, as he wonders how that might change because of the coronavirus and our period of social distancing. “Will it amount to a blip in the decades-long rebound of urban life, or mark the end of an era and the start of a gradual turn to social distancing as a way of life?”US & Global News How long to heal the economy? Brace yourself
Officials are already arguing about whether we should be reopening businesses in a few weeks—or a few months. But one expert tells the New York Times that getting the economy back to normal could take up to 18 months. This could be a long, hard road that we have ahead of us,” says Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, who helped lead the response to the 2008 financial crisis as a Treasury Department official.Latest count of coronavirus cases
United States, 546,874; Massachusetts, 25,475.
Find BU Today’s latest coverage of the pandemic here. The University’s hotline for faculty, staff, students, and visiting scholars to call for referral of their virus-related medical concerns is 617-358-4990.
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Before humans travel to another planet—and that day may be coming soon—a question will need to be answered: How will astronauts spend their time on a months- or years-long interplanetary voyage?
In the movie Passengers, which hits theaters today, more than 5,000 people board the starship Avalon on a 120-year journey to a new world called Homestead II. Prior to launch they each enter a “hibernation pod,” which, through drugs and environmental controls, puts them into a suspended animation. Essentially, they’re meant to sleep through all but four months of the century-long trek.
Currently, humanity is nowhere near ready for the interstellar journey that Jim Preston (Chris Pratt) and Aurora Lane (Jennifer Lawrence) undertake, but this sci-fi hibernation technology is actually grounded in today’s reality. NASA is helping to fund the research of SpaceWorks Enterprises, a company that aims to put astronauts into artificial hibernation through a process similar to that depicted in Passengers.
NASA’s “Journey to Mars” has the space agency aiming for a crewed mission to Mars in the 2030s, and SpaceWorks President/COO John Bradford thinks the hibernation technology can be ready for that first mission.
SpaceWorks thinks astronauts will someday travel to Mars and beyond while “hibernating” in chambers similar to these Courtesy SpaceWorks EnterprisesHow It Works
To set this artificial hibernation in motion (or, rather, not in motion), SpaceWorks would lower a person’s core temperature to 32 degrees Celsius, then sedate her to stop the body’s natural defense against the cold—shivering. Hospitals use this practice, called “therapeutic hypothermia” or “targeted temperature management,” when a patient with a traumatic injury, such as cardiac arrest, needs extra time to heal due to lack of blood flow. The lowered temperature sets the patient into an unconscious-like state and acts as a neuroprotectant, slowing down his metabolic rate and lowering his risk of ischemic injury (tissue damage from lack of oxygen and other nutrients due to low blood flow). Once he’s recovered, doctors can warm him back up and address other injuries.
“It’s closer to reality than it sounds, but there’s still a lot of questions, and a lot of development that needs to occur,” he admits.
Crew hibernation schedule
This is what the crew’s hibernation (or “torpor”) schedule might look like on a Mars mission
Instead of one long hibernation, like in Passengers, crew would go through staggered two-week stasis periods, says Bradford. After two weeks of hibernation, a crew member would be resuscitated, recover for a few days, and then go back into hibernation for another cycle. “Our medical team is more concerned about the duration of any one cycle versus repeat cycles,” says Bradford, “because there doesn’t seem to be any lasting or long-term impacts on the recovery period.”
In Passengers, a computer monitors the functions of the ship and those aboard it. But in real life, Bradford says there would always be at least one person who is awake to take care of the crew and systems during the initial trials. As the technology gets better, though, SpaceWorks would like to extend the duration incrementally until it is able to suspend astronauts for the entirety of the transit to Mars. An IV line filled with a nutrient-packed liquid (called “Total Parenteral Nutrition”) would sustain the astronauts while they’re unconscious.
SpaceWorks’ proposed ship is designed to reduce mass and utilize space efficiently. The hibernation modules are in the middle section.
Unlike the Homestead Company (which manufactures and runs the Avalon in Passengers), SpaceWorks won’t stop the aging process and prolong human life. So the Avalon‘s passengers would have arrived at the new colony 120 years older than when they left Earth.
But the technology could make long-duration spaceflight a lot more efficient. While the Avalon has drawn comparisons to the Titanic for its size and glamour (and to the movie Titanic for a love story set on a sinking ship), SpaceWorks is actively working to reduce the amount of space each person needs on the spaceship.
If astronauts are asleep, fewer resources need to be invested in living quarters, accommodations, food, etc., and more can be spent on finding technologies to speed up the trip and protect the crew, such as thicker radiation shielding. “We’re doing it for the purposes of reducing how much food and consumables people need, and to be able to package people in a small space,” says Bradford. SpaceWorks thinks it can reduce the mass of a NASA vehicle by 52 to 68 percent, depending on the configuration.
Smaller spacecraft could make exploring the cosmos a lot cheaper, which, in turn, brings us that much closer to real-life interplanetary exploration.
For a Former Gadget Reviewer, I’m Rubbish At Advice
I was allowed to review the D-EJ01 for chúng tôi for the simple reason that I owned it, and the editors weren’t getting a review sample. I was certainly not expert enough to offer my opinion about sound clarity, but I could talk about usability, and the DJ-01 was a unique device in those respects.
In any case, after a long hiatus from gadget writing, I started reviewing again in 2004. I started small, writing mostly about laptop bags, accessories, and occasionally software. In 2006, I started working for a gadget site, mostly reviewing phones. Within a year, I was running the site, and we expanded to cover cameras, laptops, multimedia players, GPS devices, and more.
I believe that between the years of 2006 and 2010, I reviewed more phones than any other single reviewer at a major tech site. At least that’s the claim I made in my last job interview, and they bought it, so it’s probably true.
Like Chris, I get the question all the time. “What phone should I buy?” My first answer? Buy a Samsung (disclosure: I now work for Samsung). But even if I stick with my paid bias, that still doesn’t settle the question. There are plenty of Samsungs, after all.
Face, meet palm. What I should do is tell them to walk into any cell phone store in the world and throw a dart. If they hit a phone, buy it, because it will definitely take photos and send text messages. It is difficult to find a phone that doesn’t do such things.
The answer I dread is “I just want a phone that makes good calls.” Sorry, buddy. Phones don’t do that anymore. I’m kidding, of course. But call quality is much more dependent on where you are making your calls than on the phone itself. Trust me. I work in a lab with an anechoic chamber. Our phones sound great, but when you try making a call from a supermarket with thick lead walls or in a moving convertible with the top down, that quality is significantly compromised.
When I was a reviewer, I tried to be the former. I wanted to reflect what my readers would feel when they actually purchased a device. I aimed my testing at real-life scenarios, and tried to express my results in terms to which most users could relate. I shunned the scientific. I hate benchmark scores, because very few consumers unwrap their new laptop and immediately run a benchmark. Benchmarks have no meaning in real life tasks. But I did describe the effect of using a very fast machine to play very awesome games, or edit very large movie files.
I tried to be as subjective as possible. There is a significant emotional component in making a technology buying decision. Because of the nature of technology today, we tend to keep our devices close, and use them more than we use almost anything else. I use my laptop far more than I use my car, my sofa, or my bath towels. I tell my laptop secrets I would never tell my food processor. My laptop is the only thing besides my house that I leave protected by a key, and I’m more worried when I leave my laptop unprotected than when I accidentally leave the front door unlocked.
There is also an emotional component to the instant the buying decision is made. If you’ve ever been inside a perfectly lit Apple Store, with those gorgeous butcher block tables, then you know what I mean. If you’ve ever waited twenty minutes for a Best Buy salesperson to come to your aid, you also know what I mean. This might not be the best way to make an informed buying decision, but it would be foolhardy to think it isn’t a factor.
Increasingly, I’ve come to believe that reviewers are actually taste-makers more than reflections of the public interest. That isn’t a bad thing, it simply changes the way manufacturers approach a potential reviewer. I see many reviewers and tech journalists fawning over products that would make little sense in the lives of an average consumer. Not bad products, just products that don’t make sense to a practical, budget-minded buyer.
The MacBook Air is one example. I know far too many people who bought a MacBook Air. A disproportionate number, I’m sure, compared to the general populace. For most of these people, it was a second, or even a third machine, and it fulfilled an emotional desire more than a practical need. I have no problem with that.
When I hear tech journalists writing about having two different tablets, a 7-inch Samsung Galaxy Tab and an iPad, for instance, I start to question their judgment. I read a story recently from a writer recommending buyers consider multiple tablets for different applications. Talk about living in a silicon tower. Two tablets will probably run you $800 – $1000, and will invariably do less overall than a PC you could buy for a comparable price. Better to buy one thing that fits most of your needs than splurge on two things that only do half of what you want.
In the end, though, Chris is right. There are very few ‘bad’ devices out there, if you’re not scraping the bottom of the barrel. If you spend more than $100 on a phone, you’re probably getting a fine phone. If you spend $600 on a tablet, as long as it’s not buggy and obviously rushed to market, you’ll end up with a capable device. I’m not suggesting you spend too much, but there is usually an acceptable range in which almost every available device from a reputable manufacturer is going to be a satisfying pick.
Being the best at what you do simply isn’t enough in today’s noisy, hyper-competitive world.
I cannot forget a call I recently received at my PR firm – a crying man asking to speak with me. Sobbing, he told me he was valedictorian of his medical school class and is the best at what he does, yet can barely make a living. He explained; “I went to school to learn to help people, not be a PR person.” (The sobbing was clearly the result of a domestic fight about finances as the call ended abruptly with screaming between the man and his wife.) As he wrote me later;
“I have no time for reading a zillion books, written by as many PR experts, making me crazy by telling me to do a zillion different things to get publicity. My question is how does someone like Dr. Phil who really is not very good at what he does, become world famous, while someone like me, who is very good at what he does remain broke all the time. Can you point me in a direction as to how I can become better known? I usually show a negative profit in my business at the end of the year.”
The truth is I couldn’t help him, honestly because he couldn’t pay the bill – and that’s the harsh reality of the world today.
Many people today work for themselves – and that requires public relations and marketing skills. Being the best is not enough and everyone today is a brand which must marketed. And make no mistake, marketing yourself is no just optional – and there are some absolute basics which everyone must do (and should urge their teenage kids to start doing even now). Think Ahead.
Some basic (super low-budget) tips:
Be the Master of Your Domain. Every person on Earth should buy the domain for their full name as well as iterations of that name. Simply non-negotiable, if even to protect yourself. At the very least post contact information and your resume and bio to the site.
Create profiles on the most popular social media properties – Twitter, Facebook, LinkedIn, etc. I don’t care what you use them for – but anyone in business today should be participating to some degree in these venues. Personally, I don’t post any personal information to any of these properties as I am private about my family, and no one needs to see pictures of my children or home. Everyone can use marketing as they best see fit – but the basics must be tackled.
Creating Content is not optional. At minimum post 4x a year to any of the existing user-friendly platforms like Blogger or WordPress (very SEO and user-friendly). For nearly anyone, those posts will reflect thoughts, ideas, and insights and will often appear on page one of many Google searches.
P.T. Barnum fairly encapsulated this whole idea with the quote:
“Without promotion something terrible happens… Nothing!”
For today’s bread winner, no matter what the profession, marketing one’s self is more crucial than ever. And the reality is, if you do not have the skills to be your own PR, you’ll have to hire someone to do it for you.
Can You Rank Without Building Links?
A publisher observed that after two years of work their website has started to rank without haveing to build a single link. The question is basically about link building and if building links is necessary, given his experience in ranking without doing any link building.
This is the question:
“A few of my new websites in competitive niches have started to rank without building even a single link, just with pure content.
It took a while though, more than two years…”
Mueller stops here to observe that those sites probably can’t be regarded as new websites.
The question continues:
“Could I have saved precious time by building links from high end websites to reduce this time period?
Or it wouldn’t have mattered at all, it would have taken the same amount of time regardless?”
The publisher doesn’t offer any details about their promotional efforts, other than they haven’t tried to build links.
Something that is commonly ignored by those who are building links is that attracting links is more than just asking for links or paying someone to drop links in articles.
The best kinds of links, those given voluntarily, often happen with non-link focused promotional activities. (Read: How to Build Links)
This is John Mueller’s response:
“We use a ton of different factors when it comes to crawling, indexing and ranking.
So it’s really hard to say like, if I did this how would my site rank compared to when I do this. …those kinds of comparisons are kind of futile in general.
In practice though, when you’re building a website and you want to get it out there and you want to have people kind of go to the website and recognize what wonderful work that you’ve put in there, then promoting that appropriately definitely makes sense.
And that’s something you don’t have to do that by dropping links in different places.”
Activities in which you are in control of the link are the kinds that Google has focused on removing their link power.
John Mueller continued:
“But you can get the word out in different ways. And by getting the word out you’re kind of bringing people to your website and if they like what they see then maybe they’ll link to your website.
And all of these things can add up as signals and it can help us to better understand where your website fits in with the rest of the web. “
I want to point out that Mueller did not say that bringing people to your site will cause Google to rank your site. He said that getting your site noticed and subsequently appreciated is a way to get links.
Here is where Mueller seems to discourage the “build it and they will come” approach:
“So, from that point of view I would not just create a website and like put it up and don’t tell anyone about it and hope that Google finds it and starts ranking it in competitive areas.
They’re really kind of like a normal business. Spend time to build that up and to build an audience.
And to understand what people like, respond to …feedback that they give you and really kind of build things up as you would with a normal business.”
Related: 4 Reasons Why Your Content Isn’t RankingUser Feedback Can Help Promotional Efforts
Another kind of feedback is the log file of all the searches people make on your website. The things that people search for and the keywords they use to search for them are invaluable not just for keyword research but for understanding what users need.It Takes More than Awesome Content
The encouragement to create awesome content is only half the story. The second part of the ranking equation is about getting the word out.
But Google also cautions:
“As with most points covered in this document, taking these recommendations to an extreme could actually harm the reputation of your site.”Takeaway
If you build it, promote it. Businesses typically don’t become successful by hiding their store. The key to visibility is to get the word out about your site and to listen to what people want or expect from your website.
Watch the Webmaster Hangout:
Related: How Long Does It Take to Get First Page Rankings?
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