This man can predict the future.
He was an early investor in Uber, Twitter, and Notion.
And he just said "In 50 years, everyone will be working for themselves."
Naval Ravikant's 5 predictions on the future of wealth creation (and why you should care):
“What is Quai Network?”
“What makes Quai Network different from other Layer-1s?”
Read to learn how @QuaiNetwork is simultaneously revolutionizing blockchain technology and the concept of money.
GM and happy Quaiday, Quai Nation! 🌇
Still haven't onboarded to the Quai Testnet yet? Download @PelagusWallet and start testing today👇
https://t.co/VqaNifkDa4
GM Quai Nation!
Have you read the v1 Tokenomics docs yet?
Do you think you'll be holding most of your assets on Quai Network in $QUAI or in $QI? 👀
https://t.co/MPkJR3dxkw
Feel like building something today? There are still Mainnet $QUAI bounties available for developing on Quai!
Read up on the available bounties (DEXs, NFT Marketplaces, & more) at the link in bio🔗
THE ECB IS CLEARLY GEARING UP FOR RATE CUTS NOW
The ECB has released a working paper blaming the inflation mostly on the supply chain (and to a lesser extent the energy shock), while the demand component is barely positive.
This sounds an awful lot like a central bank en route for a major pivot (see chart)
From the exec summary:
"Supply chain disruption shocks and favourable demand shocks explain the large faction of output fluctuations in the 2020-2022 period. The dynamics of core prices and inflation expectations are instead mostly explained by supply chain disruption shocks and to a lesser extent by adverse energy supply shocks"
h/t @atalaveraEcon
Even though development for the Golden Age Testnet is in full force, there are still ways to earn Mainnet Quai rewards, whether you're a node operator, miner, or user.
Let's go through them👇🧵
2023 was a very important year for the Quai Network protocol. Let's dive a bit deeper into what happened in each month last year! 🧵👇
https://t.co/qKD1dh94gd
Taking profits will make sure you're not gonna end up a paper millionaire.
But 90% of people still don't know how to develop a proper strategy.
Here is a taking profits technique that will help you lock-in future gains.
(Probably, this is one of the most important posts I've made)
🔸Compass Charts
Before diving into the technique, we need to have a compass to rely on for understanding in which phase we're transitioning.
To do so, I always use the OTHERS chart which, by excluding the top 10 assets, provide me the purest overlook of the altcoin market.
With the use of the reverse Fibonacci technique, I found an area in which I believe the altcoin market will be headed to.
This area fluctuates between 620B and 800B, less or more.
Could the market go higher? Yes.
Do you want to run the risk of wiping out all the potential profits holding everything above that area? No.
Therefore you'll NOT be willing to buy anything in that moment, just shaving off your positions.
An additional chart to match is the OTHERS D. which represents the altcoin dominance's impact on the market.
The more it rises, the more an altseason and a potential top are likely to happen.
A top cycle idea could be represented by reaching a 30% level.
These charts are two of the most important and must be always remain under your radar.
🔸Taking profits technique
One of my favorite tools to use for setting up taking profit levels is Fibonacci, especially with the methodology of the reverse ones.
If you don't know how to do it I explain it in this post: https://t.co/GZ88Qz0Apo
However, 99% of the coins, have a price action which is usually divided into 8/9 steps:
- Accumulation
- 1st impulse
- Re-accumulation
- 2nd impulse
- Re-accumulation
- 3rd impulse
- Potential re-accumulation/4th impulse
- Distribution
This is the plan to respect:
- Sell 20% during the 1st impulse
- Wait for the 1st re-accumulation
- Sell 30% during the 2nd impulse
- Wait for the 2nd re-accumulation
- Sell 20% during the 3rd impulse
- Wait for the eventual 3rd re-accumulation
- Sell 20% during the 4th impulse
- Let a 10% bag run aka moonbag (what if they announce a partnership with 50 cent?)
That's how you do it in a simple way just by looking at the price action.
You'll notice that the majority of speculative assets move in this way.
🔸A few things to look for:
If you'll continue to monitor these charts, you'll see that, once the top will be reached, huge signals will come out:
- People will call for more
- Taking profits will be considered a shame
- Neighbors, friends and celebrities will start to talk about crypto
- Advertisements, TV spots and mass media will pop out with huge bullish news at HTF levels
- No one will consider the downside potential but exclusively the upside one
- Crypto app will be the most downloaded app
- Crypto Youtube videos will reach hundreds of thousands views
Match the charts + match the signals = guaranteed top signals
Sell, disconnect everything for a few weeks/1 month and you'll be considered a profit master.
2024 is likely going to be a year of FAT TAILS in macro again
By allowing credit conditions to ease substantially with inflation running at 4%, Powell risks refuelling inflation into H2-2024
MUST READ -> https://t.co/R9nEeuOafV
GM Quai Nation!
If you missed the latest announcement in the Quai Discord, be sure to go check it out 👀
TLDR: More mining rewards, even after 600k blocks!
If you haven't already, set your reminder to listen to this week's Quai Friday!
Joined by a variety of Quai community developers working on different projects, this Quai Friday will focus on the developer experience of building on Quai👇
https://t.co/eVQETDAdLw
You can see a list of all the different QRC-20 tokens deployed on the Iron Age Testnet by checking the Quaiscan block explorers!
https://t.co/sQIYlKG3Mo
Have you created or gotten your hands on any QRC-20 tokens so far this Testnet? If not, what's stopping you? 👀
While Global nodes run all chains within Quai, Slice nodes run only the Prime chain and a single Region and Zone chain. Both types of nodes are able to trustlessly participate in the network due to Quai's unique architecture.
Are you running a Global or Slice node this Testnet?