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Intuit Φ Consultants
Forecasting and Trading Crypto since 2012. Elliott Wave. Technical Analysis. Fundamentals. Φ
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Intuit Φ Consultants 18h
Replying to @Intuit_Trading
My previous bullish count here failed after only getting a small bull run, and this breakdown is indicating we are likely in a diametric rather than a contracting triangle, and still have more downside left until at least Jan.
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Intuit Φ Consultants 19h
Replying to @Intuit_Trading
In Dec 2018, cost of mining in China was ~$3600, We'll likely see a similar pattern forming again and drop to around 4k, and after miners capitulate it will ease the sell pressure they're causing, allowing us to begin another bull run.
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Intuit Φ Consultants 19h
The current cost of mining in China, where at least 70% of all mining occurs, is around $4,500. This is likely where will head to by January, causing over-leveraged miners to go bankrupt and, like December 2018, it will be the bottom before another 6 month bull run
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Intuit Φ Consultants Dec 13
As awesome as that would be it seems like a long shot, but is going to eventually sit down with Warren Buffett and advance institutional investors attitudes towards blockchain. Maybe he'll let come with 😉
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Intuit Φ Consultants Dec 12
Glenn Neely is the ONLY analyst I follow for traditional markets. His forecast now has the S&P heading to over 3500 by January! This is a great time to be looking at stocks and preparing for what could be the last big wave of this 10 year bull market!
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Intuit Φ Consultants Dec 12
Replying to @MikeNerdUK @jack and 4 others
found a new way to market a cryptocurrency: Talk shit about and and get the huge community tweeting about ur shitcoin. Twitter activity for DGB at all time high now! That's the only way he can get ppl to talk about DGB 😂
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Intuit Φ Consultants Dec 11
Replying to @Intuit_Trading
The ultimate result of this is that many people will literally be able to LIVE off of social media/gaming "mining". Instead of only people at the top making money (influencers, pro-gamers, investors, execs, etc.) even the most basic user can earn income, many enough to live on
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Intuit Φ Consultants Dec 11
Replying to @Intuit_Trading
The tokens could pay dividends based on how much the platform/game earns, or advertisers and users could use the tokens to buy ads or in-game/in-platform extras. Along with supply scarcity, this will allow the tokens to potentially gain value and pay dividends.
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Intuit Φ Consultants Dec 11
Replying to @Intuit_Trading
Monetization is the most important factor b/c USERS will be able to earn money from using social media platforms and games. This is b/c they can "mine" a utility token by using the platform/game, and these tokens can be valuable in several different ways
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Intuit Φ Consultants Dec 11
Replying to @Intuit_Trading
The benefits from better hosting, governance, and monetization will allow developers and users alike to benefit by having more reliable, transparent, trust-minimized, and most importantly - profitable social media platforms and games, which will create much larger user bases
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Intuit Φ Consultants Dec 11
Replying to @Intuit_Trading
Gaming is also being disrupted by pilots like and that are building platforms for developers to launch decentralized games on the blockchain. Soon we'll see major gaming titles coming out that are built on blockchain tech
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Intuit Φ Consultants Dec 11
Twitter trying to decentralize their platform, and Facebook trying to launch Libra, is the beginning of major companies incorporating blockchain technology directly into their core business models. Social media will be one of the first disrupted by smart contracts and P2P hosting
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Intuit Φ Consultants Dec 11
Replying to @Moments974 @MikeNerdUK
Almost as high as the market cap of !
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Intuit Φ Consultants Dec 11
If he could build it on BTC he would. There's a reason why he's launching a whole new team that is seperate from , its virtually impossible to build anything on BTC because of the consensus rules, which are virtually impossible to change without a hard fork.
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Intuit Φ Consultants Dec 11
I think he made it pretty clear this team is seperate from Square and they will be working to build/find a scalable decentralized protocol (like ). Building on BTC is practically impossible anyway so they'll have no choice but to find something else.
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Intuit Φ Consultants Dec 11
Theoretically, all the file hosting can be done on , governance can be done by issuing a smart contract on the network, and monetization can be accomplished by issuing tokens on .
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Intuit Φ Consultants Dec 11
The standard could be pretty simple, decentralize the frontend with a P2P file hosting protocol like and decentralize the backend with a scalable blockchain like . Open source the content algos and allow the community to improve content distribution
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Intuit Φ Consultants Dec 9
Replying to @tiensvdm @MikeNerdUK
If a government stop crypto exchanges there still OTC markets, crypto for cash (eg localbitcoins), decentralized exchanges+stablecoins, foreign crypto exchanges (unlikely EVERY govt would ban crypto), the whole non-fiat economy built around using pure crypto, etc.
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Intuit Φ Consultants Dec 6
Replying to @MikeNerdUK
The bike is alright just broke a couple pegs off and scratched it up. It was on florida roads which are usually pretty flat but a tree root grew under the road and created a little bump that I couldnt see when riding past and I hit it and lost control
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Intuit Φ Consultants Dec 5
That's awesome! Spread the good word of ! I need to get some TRON decals for my bike now to cover up the scratches 😆
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