/biz/ - Business & Finance

I already bet my last $200 on this and I'm down to 157 dollars on my initial investment I bought the top and this shit is going down to single digits I am completely fucked my car payment is due I thought it was going up to five dollars not down to three cents my brother won't loan me anymore money and I need the car for work if it's repossessed I will be on the streets in a couple weeks my roommates are from Bulgaria and they already told me they don't live with deadbeats

>>21866467
You don’t own your car? Even a shit box like a Camry or a Nissan?

>>21866793
I paid 10,000 dollars for a 2005 Camry with 123,000 miles on it

>>21866211
Are you retarded? Every crypto dumped on March 1st. Its called corona you dumb fuck

>>21866211
What token distribution?

>>21867161
The wop that runs this scam has ten billion of these gems to dump on morons and he's going to do so early September

>>21866211
can someone explain why? I have 15k algos I bought early and I'm planning to rebuy in September.
Team is legit/delivers and the technology works and is already there. I'm pretty sure with their connections this can easily pump hard

>>21867333
max circulating supply

didnt read
not selling

Thanks for the tip, just bought 100K

>>21867408
Supply looks fine to me
looks like 2.5 billion held by the team and the rest of the billion will slowly be distributed as the network improves itself (esp for node operators). So out of 10 billion that's about 30%, which is similar to LINK's distribution.

>>21867273
You realize that the max supply will be reached in 5 years right? Tokens will be released slowly over the course of 5 years.

>>21867561

node program is closed and invite only by the team

>he doesn't know
it will be pomped soon

>>21866467
Why eurasia nigger always bet money they can't afford to loose.
Algo will pump but if you want to turn those 200 Into 20000 you will need to wait until 2025

>>21867688
so? Probably based because they most likely have the nodes based in the US / operated by MIT students so regulations in the future will be no problem. No chink node operators or anything like that

>>21868006

then whats the fucking point of decentralization lmao

3.1 billion tokens for running a few servers, great scam

>>21868192
lmao, say this again for LINK. LINK is at an even worse position to point out "decentralization"

ALGO is pure POS.
You didn't read what pure POS was?

>>21867009
>>21867333
You've been warned anons

>>21868818
Yeah whatever, I need bears to dump their ALGO so I can buy more. Ty

holding ALGO in an algorand wallet automatically stakes it (low 5.75% yield but hey, no risk).

Once I transacted ALGO to take advantage of staking (after transacting ETH my whole life), I became bullish AF that ALGO is going to outperform ETH and that shitcoin ADA in the long term. The transaction is instantneous and you don't even think about gas cost on the ALGO chain. It is what ETH should have been.

>>21868904
Same. I wish I had loaded up at 53 cents.

>>21869058
and I always bet on good fundamentals and strong technical talent, even in BRRR markets. You should too.

ALGO is the next moonshot! Don't let the fudders shake you out with muh inflation. 50 million tokens is NOTHING in this market

>>21866826
Cut your loses get rid of that piece of shit. 10k 05 123k miles. Wtf are you an idiot or have super shitty credit and bought from a lot with a trailer on it.

>>21869058
extremely based. schizos will cry so much when we wont let them in our algo yachts holding heavy bags

>>21869124
Where do you see it going at it's height, Anon?

Algo is so fucking bullish these low life FUDers know deep down inside that it’s the strongest project out there. Crazy team and ex bankers. Obviously we’re going to Need lube for all the anal probing once we reach the moon. Sooner than you think neeeeeegus.

Now you gotta think to yourself, why would a random anon who seems uninformed want to help me? Is he friendly? Is he genuine? Or is it a trick?

Anon knows ALGO will be the next big thing, and surpass ETH. Anon knows that ALGO wont dump but crab or pump. Anon knows ALGO will make it, and he wants you delicious bags before it begins pre-launch checks. Don't be silly, don't let Anon steal your ALGO. Keep being an ALGOChad. You'll make it

>>21867273
>wop

I believe the origin of this term is an abbreviation for “with out papers”

I’ll take my chances with this wop

>>21869269
I never make targets in crypto anymore. All my predictions were BTFO in 2017, so I just take profits on the way up.

sell this piece of shit coin it just keeps dumping faggots

>>21869333

oh fuck based and checked

will dump tonight

>>21869575
lmao. buy the dip retard, the whole market is down

>>21869575
give me those bags!
I need it to go below .50. but that resistance point is so fucking solid I cannot see it going below .54 ever again

>>21866826
Wow you are a fuckung retard lmao

>>21867561

they minted 10 billion tokens at genesis and control all of them besides the small amount in circulation (of which they still own the majority). from the horse's mouth:

"Even though the entirety of the supply was minted at the launch of the network, thus giving Algorand a fixed outstanding supply, the liquid supply will increase as pre-minted tokens unlock and are distributed. "

https://algorand.foundation/faq

ZERO decentralization, zero accountability. they even preselected who can run the nodes

>>21869911
And? Lol weak FUD.

>>21866826
in the US? 10k for that? wut

>>21869911
Satoshi literally minted himself one million BTC! GTFO retard, most of the entities running those nodes are prestigious universities. It will help accelerate adoption in the US. MIT is not fucking around with this project, they don't need to steal rupees from your village.

>>21869968

imagine owning some expensive crumbs of a protocol where VCs own 90%+ of the circulating supply, and own 100% of the uncirculating supply (2/3 the remaining coins)

its gonna crab like eos

the token isnt an investment

>>21870264
>imagine
didn't read past that

>>21870264
EOS did nothing with their money. Algorand has invented non-stop for the project over the last ten months.

>>21870063

> appeal to authority

guarantee its a bunch of low power aws boxes

its a cayman islands foundation with vc money

good tech shitty token

>>21867463
this

>>21870384
>appeal to authority
Crypto anarchy died with MT. Gox.

>>21868192
Decentralization doesn't mean the whole entire fucking world needs to be involved, you globohomo kike.

>>21869203
I'm buying a replica Boston Tea Party ship like pic related and parking it in the Boston harbor when I finally make it. Thank you Professor.

>>21870264
Ohh I get it now. You’re from reddit. Tourism isn’t really welcome here. I’m sorry you need to go back.

>>21869911
Apple split their stock many times. Tesla is doing it. Tesla isn't even valued appropriately. It's running off of hot air. See how silly your argument looks when compared to the stock markets? No one that is into ALGO is fucking selling it you dumb ape. Go back to Wisconsin and stuff some flaming cheese in your mouth and die of asphyxiation you KIKE.

>>21870374

eos has a working PoS contract platform with running dapps and is the second biggest after ethereum. what do u mean they havent been doing anything. i dont own that shitcoin either

>>21870605

MIT professor's contribution to algorand is his 'fairer, more decentralized PoS protocol' which is actually neat and legitimate. ironic considering the shit centralized tokenomics and the fact that only they are allowed to run nodes

>>21870675
My favorite are the people who can't HELP come into a specific coin thread and try to defend their position. If I don't like a coin, you know what I do? Put it on my fucking filters so I don't have to see it or Arrow Click => Hide. These are just bulls in a bear costume.

>>21870384
>low power aws boxes
yeah you sound like you know absolutely nothing but larp as a "tech intellectual". what startup's IT department do you work at? Thumbtack?

>>21870788
These people are a sorry bunch who are obsessed with being right. These FUD losers have been saying the same shit since 20 cents. And they’ll say the same when it’s 3 bucks. Sold project just stake and bake set it and forget it. Always buy never sell. Feed algo with profits.

>>21870659
That is the gayest thing I could imagine doing with money

>>21870821

with low tx vol do you really think you need more than a commodore 64 to run a fucking relay node? handle a few connections verify a double digit amount of signatures every 5 seconds

come up with something better. none of you faggots have refuted anything ive said. you must have all gotten ripped off in the dutch auction

>>21870788
Checked. Tech is good. Price will drop.

>>21871011
It's only money, anon. Doesn't mean anything when I'm getting it for free from the Algorand foundation.
>>21871113
>none of you faggots have refuted anything ive said.
that's because they are baseless claims that don't need refutation, Sunshine Sammy, the Pickaninny. And stop projecting. None of us ALGO chads were in the ICO. we bought it at rock bottom prices and will see it rise like a phoenix from the ashes.

>>21871340

i tried

>>21867810
plz be real

>>21871493
It was proven fake in another thread already this morning.

>>21866211
When the next distribution

>>21871585
I was in that thread but didn't catch the end. How was is proven?

>>21866826
>being male
>not driving a truck
are you gay?

>>21866826
>buying a car with over 100k miles

>>21871457
Bro you didn’t try shit. All you did was post a couple facts that are on their fucking website. Why do you even give a shit about who operates the nodes when you can stake it’s not like you’d be able to afford one anyways faggot breath. Cayman Islands.... yea no shit, who would want local jurisdiction interfering with a project potentially worth billions. The people behind algorand are way smarter than we are and for you to think you’re out here saving souls by posting shit off of their website just shows how truly fucking stupid you are. Just buy some algo and stfu loser.

allright you fucks.
is this shit worth dumping $20,000 into and waiting 5 years or not?

>>21871725

Toyotas last forever, but at that price point it is unforgivable!

>>21872791
12 months will give you big returns imo

>>21872791
>5 years
Yeah, I would say so.

>>21872791
that's what I intend to do in my IRA.

algofuck your mother

Damn why does /biz/ hate this coin so much? I just wanted to be an algochad

>>21873524
Not hate, just giving you a heads up is all. Love the tech and team. Btc is gonna dump... Which makes algo dump... On top of September 1st token distribution that will also bring it down 5 cents automatically and the trade bots will dump to do that based on the moving averages. It's just math...buy back in on Sept 3rd or something. That's what I'm doing anon. Already took my profits 2.5x profit at 70 cents...will re-enter when it drops back into the 40s or 30s.

allright. i'm down the street from MIT.
you kids better behave yourselves. OR ELSE!

>>21873680
I bought at 48 sold half at 67, holding the rest still. Maybe I'll check out on the last day of August.

>>21873524
/biz/ found and bought into this gem before everyone else. it's still flying under the radar so the returns are going to be enormous! ignore all fud

Anyone else trying to buy this dip? Bought some more at .55, hoping to sell at .62, repeat at the next dip. That is assuming it continues to follow this up/down trend. The price is mirroring BTC/ETH rn.

>>21870264
jesus lord! what kind of tranny logic is this?
much reddit?

>>21870744
>Go back to Wisconsin and stuff some flaming cheese in your mouth and die of asphyxiation you KIKE

I will make me a shirt with this slogan

>>21873806
>found before anyone else
>bought after it was on coinbase already

>>21873852
Don’t swing. You’ll make money but lose algo. Just wait a week September 1st they add 50mill coins. You’ll find the dip you're looking for then.

>>21872791
5 years?
5 years and human race will be extinct

>>21874089
>projecting your own inferiority
absolute state

>>21866211
Anyone else getting error 400 when trying to send their Algo from their algo wallet?

>>21874106
Where is everyone getting this Sept 1st date from?

>>21867678
>almost 7 billion tokens to dump in 5 years
>slowly
ok anon. The token economics of this coin are FUCKED.

>>21875114
Nvm I found it

>>21869333
Nice digits and green id

>>21875828
Sorry was having dinner. Glad you did some research in the mean time. Just make an informed decision. Will probably dip again next week but this is a long hold. Buy what you feel comfortable with. Not a 100x moonshot village coin. But I can see 5x-10x within two years. Including token distro FUD

>>21876552
it will 5x-10x in a few months

ALGO suicide stack or ngmi