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Numeraire

ridethepig | NMR Spot Commentary 2019.12.19A good time to review the NMR chart almost a Quarter after ErasureCon... For those who attended you will know it was a major game changer with Numeraire introducing censorship resistant file sharing is here with Erasure (a decentralised data market with an immutable ledger). This is a new chapter for NMR with one of the few Crypto's with an established use case. For the technical flows, we remain in the same range with the same break above 67866 in play. We got the official cascade of stops which will be enough to trigger the momentum leg opening a target of the 61.8% and 76.4% retracements at 163923 and 195293 respectively. Reassessment from a technical perspective is only necessary below 31141. Good luck all those buying NMR and BTC for Christmas.
Long
by ridethepig
Numeraire BooM! (+146% Today / 400%+ Month)Numeraire (NMRBTC) also went big today and produced over 145% of gains... This altcoin pair is still aiming higher. Let's take a look at the weekly chart: A new uptrend has been established. Trading volume is high (really high compared to average) but still low compared to Oct. 2018, there is room for additional growth. The MACD shows lots of room available for growth. Very strong RSI. Additional targets can be found in the chart above, over 330% potential profits from current prices to our top target. This is not financial advice. Remember to always have a plan/strategy before you decide to trade. Thanks a lot for your support. Namaste.
by AlanSantana
2
ridethepig | NMR Spot Commentary 2019.01.18A short update here essentially with one intention to shed some light over the pending impulsive wave for Numeraire. Bulls wish to occupy the retrace, a swing in order to deliver; but if he tries to crack resistance at 99.000 bears have time to prevent him doing so. So the correct move here is loading on the retrace into our loading zone, leading sellers into betting on momentum against support, because as usual most retail go overboard when they attempt a recapture. I am going to protect the support here and lend aid to buyers; the key point here is that buyers are strong here in one area, a simple retest is enough to provoke the impulsive swing, because our opponent cannot sense an invasion. At the very least, sellers will be forced into covering as we trip the highs. Good luck all those in Numeraire for the coming months, and, as usual thanks so much for keeping your support coming with likes, comments charts and etc !!
Long
by ridethepig
3
NMRBTC: Research Post + Potential Macro Double BottomDisclaimer: This is a position that I've already entered and am largely in the green on, as shown above. *This is not financial advice. This post is not a recommendation to buy or sell any asset* Over the past few weeks, I've been doing some research into a project I personally find both interesting and promising. Numeraire (NMR) is a token that has largely flown under the radar ever since 2017, and has only dumped. With the NMR token being near all time lows, I thought it was time to see where the project was headed. Originally, I found out about this project towards the end of this summer due to a news headline showing that major exchanges had come together and made a "Crypto Rating Council" to determine the security / commodity status of a set of coins. www.cryptoratingcouncil.com On this list, one token stands out, NMR. At least all of the other tokens have persisted in crypto community discourse for some time now, but I personally had never heard of Numeraire, and wondered why these exchanges would even be interested in giving such a arbitrary project a rating. These exchanges and other associated companies include none other than Coinbase, Kraken, Bittrex, Circle and GrayScale, among others. On top of this, there was what seemed to be a large accumulation only on Poloniex roughly 3 weeks ago, seen here: Upon closer examination of 1m candles, there was some very odd trading occurring at this time as a result, so whether this was purely accumulation by a large player is unknown. Do do your own assessment of the chart to see what I mean. So, after this all sparked my interest, I did some digging. www.youtube.com This is a keynote from the recent convention the Numerai team hosted in which they describe their vision for their project, and the usage of the NMR token. As it turns out, Numerai is a hedge fund founded by Richard Craib, Berkeley / Cornell grad and former hedge fund member. Numerai, the hedge fund, hosts tournaments between data scientists to essentially create what they coin as a "meta model" of whatever asset they're trading. They do so by providing "hedge-fund quality" data to data scientists, with which these participants then use their own machine learning algorithms to build a model to most accurately predict the next outcome. This data, including its features and target values, is obfuscated as to prevent bias by the participants as well as to abide by the agreements Numerai has with its data vendors. The best performing data scientists receive payouts from the hedge fund in Bitcoin (thus not forcing selling pressure on the NMR token), and are required to stake NMR with their prediction models so that they have incentive to be as accurate as possible. Furthermore, these participating data scientists are given reputations on the Numerai leaderboards. On top of this simple use case for the token, the team has been working on a new protocol they call "Erasure" which is essentially an Augur-esque predictions market for any asset a user may want to look into. This is described in the keynote above, as well on the Numerai's Medium page, here: medium.com The team is also looking to deploy ErasureQuant and ErasureBay, two interesting applications based on top of Erasure that I definitely want to do more research into. As of now, NMR is hard capped at 11 million tokens, and has a token burn feature included (associated with Numerai's reaction to submitted prediction models, as well as a contractual griefing mechanism used on Erasure). Connections: -Fred Ehrsam, Co-founder Coinbase, Founder of Paradigm (venture capital) -> Numerai investor, friend of Richard -Union Square Ventures (several partners invested, including Fred Wilson, 700k followers on twitter) -Renaissance Technologies, the world's most dominant hedge fund. All of these connections are publicly available in this video: www.youtube.com , and this video vimeo.com , as well as on the Numerai website: numer.ai Recent developments: -Erasure was launched only a few months ago in August, and is undergoing continuous development. -Active community on Reddit, Numerai's RocketChat forum (on the website), Telegram, and in the Numerai tournaments. -ErasureCon was hosted in October -https://www.coindesk.com/numerai-token-sale-raises-11-million-from-vc-firms-paradigm-placeholder A new round of investment for the project just happened earlier this year, led by Ehrsam's Paradigm. In closing, this is intended just to be a research post, and I do implore anyone reading to do their own research. If you find this project interesting or find anything else to add to the research I've done into it, please do message me @CoinRepoMan on Twitter (twitter.com).
by see_are_em
#NMRBTC showing signs of increased interest and, inevitably, strength. Numerai has been doing a great job of ignoring high emotional content and focusing on its roots as a cryptocurrency. Their marketing is significantly lower than most other coins with an already established usage case. However, the potential bottoming shown in the chart is simply a reflection of the general discount in price as reflected in the low public exposure of the coin. Didn't post the chart when I entered my long trades, which I apologize for and may make this analysis seem outdated. However, based on the combination of technicals and fundamentals, I am still long NMRBTC and see this coin as one of the solid allocations in my portfolio, even when swing-trading around it. One of the underappreciated coins in a sea of crap, especially considering the direct usage of the coin in a staking model of algorithmic model performance.
Long
by JustChartThings
$NMRBTC #cryptocurrency #NMRBTC in accumulation modeand potentially will be setup for a major run depending on future fundamental developments. Clearly signs of large positions being taken here over the past 6 months in a coin with a real use case that's being used for its intended purpose. Surprise catalyst will be a connection between Numerai's hedge fund performance with the Numeraire coin - hinted at in one of their Medium blog posts: bitcoinmagazine.com Longer term investment potential here, not really a trade as the action is generally boring (good time to accumulate).
Long
by JustChartThings
2
Numeraire - baby cup and papi cup a massive 0.04 BTC target!NMR a target of 0.04 BTC ?!?! That sounds insane! And believe me I have my doubts. But these giant cup and handle patterns for alts vs BTC are so prevalent, and so many have worked out historically, that it is hard to ignore. This will make the 3rd giant C&H pattern that I have posted. The previous two, which are still in progress are: BTS GNT But Numeraire is the biggest and baddest one I have come across so far. If you buy now, and should it reach our target, it would result in a 1000% gain ! Short term target (see the baby cup): 0.0115 BTC Long term target (see the papi cup): 0.04 BTC
Long
by crimsonronin
1