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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
BAT:BTC market cycle longBAT:BTC pair. a consistent performer in terms of its market cycle. currently approaching all time lows to scale back in in anticipation of the new bull cycle. if you were to enter this trade, i would look to sell at previously established highs in the areas of 45-52k SATs , per the fib lines (78% and 100% lines respectively) . RSI profile playing with oversold territory as well with trajectory upwards per the meme arrows. notice the bullish bounces around these historically low price levels of ~20k SATs over the last ~18 months back to the start of the chart in Dec '17. March 2018, September 2018 are those bounces to begin trends upwards. 3rd time is the charm we are looking for with this trade. counter idea: BAT could alternatively bleed out cuz RIP alts but hey, who knows. trade wisely no financial advice xd. long btc regardless
Long
by tompeters420
1
CHZ|BTC - Chillz - Binance Chiliz is a currency that fuels blockchain-backed platforms & products geared toward casual, mainstream consumers beginning with Socios.com At the core of Socios.com is a shared, internal marketplace where football clubs can run Fan Token Offerings. Subsequently, fans can buy and sell these Fan Tokens amongst themselves against Chiliz (CHZ), which serves as the exclusive currency of the Socios.com platform. With large football clubs on the roster with CHZ including Paris Saint-Germain, Juventus F.C, West Ham United, Roma + more they have a use-case and large user base. Max Supply Circulating Supply Issue Date Issue Price Consensus Protocol 8,888,888,888 3,011,358,024 2018-10-22 $0.021500 POW 12
Long
by Delta_Traders
BASIC 'A' TOKEN [BAT/BTC] Analysis by MorpheusAll information is provided in the chart. (Point on Yellow-notes on chart to see description) Our profile publishes analysis that focus carefully examined and identified cryptocurrencies that achieve high profits. We base everything on our own, developed scheme, the understanding of the market and its behavior. If that sounds like it could be helpful for you, please follow us and hit the like button! Tips, notes & suggestions When you place a trade, always remember to set a stop-loss. Most important rule, is to be patient. Money come and go, you will always get another chance. Never invest heavy in one trade, be sure to spread your bags on different trades. We would appreciate if you would hit the like button to support us. Feel free to comment share your idea or comment down below Morpheus wish everyone out there, a good and a healthy life in the cryptocurrency-age.
by UnknownUnicorn4777944
1
$BTT is a GEM!I think it's good time to accumulate this gem, as Justin Tron we can count on the marketing side. He is genius, you guys should admit that. Most of people don't believe that, get pissed because of their own believe that they won't buy TRX and BTT. Y'all suck. Invest on people, not product. ************************************************************************************************************************************************** If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit. -------------------------------------------------------------------------------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform
BLong
by blockchaindedi
3
A trading opportunity to buy in THETAETHTechnical analysis: . Theta Token/ETHEREUM is in a range bound and the beginning of uptrend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 34. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00053000 to 0.00047000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00053000) Ending of entry zone (0.00047000) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00060 TP2= @ 0.00066 TP3= @ 0.00078 TP4= @ 0.00092 TP5= @ 0.00107 TP6= Free
TLong
by ForecastCity
2