[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 45 KB, 512x512, aVjquvX.png [View same] [iqdb] [saucenao] [google]
2646268 No.2646268 [Reply] [Original]

what was the reason for NMR's ATH? and why is it now constantly hovering at about 200k sats

>> No.2646287

>>2646268
it's a very unique coin with a use case that's not found in any other coin on the market and might not be rivaled any time soon

it's also a new high-cost coin that didn't ICO, smart money was in this coin from before day 1

>> No.2646303

>>2646287
so, is it still profitable to invest or nah

>> No.2646310

>>2646268
Coin supply is very limited, it's like rare pepe. Hodl for month at least.

>> No.2646312

>>2646303
possibly, I would say yes

>> No.2646317

>>2646303
yes. short, long term, I really don't see much of a downside to it. I'm going to be buying dips and selling tops for months on this one.

>> No.2646352

>>2646287
THIS

And it's what, a week old? give it time anon. that all time high happened in 2 days while it was virtually unknown.

>> No.2646405

>>2646287
What drives demand for the coin? As far as I can tell the only reason someone would NEED to buy it would be to compete in the Numerai tournament. So unless you're a data scientist you don't NEED the coin. Furthermore if you're a data scientist, you need to get paid so each month you would dump the majority of your NMR you were given as a reward.

This seems like a very niche market.

>> No.2646437

>>2646405
But when your prediction fails, coins will be destroyed. So, we have not only coin with limited supply, but also a coin with decreasing supply.

>> No.2646454

>>2646405
Crypto has by and large never experience scarcity, NMR is among certain coins (like APX, just fyi) that will reach it very soon. The nature of NMR is to always keep attempting to grow because it's essentially an AI hedge fund, this coin doesn't NEED to stay cheap, it and of itself is the investment, it's hardly even a currency if we're going to be frank.

>> No.2646533
File: 17 KB, 382x215, i.jpg [View same] [iqdb] [saucenao] [google]
2646533

something wrong with this coin

>> No.2646549

accumulation phase...it might be a while before it breaks out again but it will....i didnt have that kind of patience so im glad i sold my bags at .028 couple of days back

>> No.2646563

most underrated coin, fundamentals are going to push this to 200 again