/biz/ - Business & Finance

I made ALGO my savings account at 30 cents.

/comfy/

Are we a another $1 stable coin now?

>>28208300
Only until maybe Thursday, then we test $1.50.

In b4
>scam

Whey they fuck would a Turning-award winning MIT professor need to run a fucking scam? Are you really that stupid?

I dumped 1/2 of my entire life savings into algo for the 7.3% interest. There is absolutely no reason to not get free money at higher rates than any bank in the world.

>>28208300
broke $1 yesterday
still adding 3-4 cents everyday to the average after corrections
I don't see anything wrong to this

>>28208300
checked, and even if we are... 7% lmao

>>28208853
Exactly.

Still 7.3% gains. Zero loss even if it stays $1.

>want to keep accumulating
>want to hold out and wait for cheapies
what do bros how much higher are we gonna pump

Algo is good but it needs an attention grabbing waifu to really reel it in

>>28208203
redpill me on the 7%, how does it work?

>>28208285
i made my algo savings account at 31 cents

>>28209123
You buy the Algo from normie coinbase and can stake 6% from there, if you want the full 7.3% you throw it in the official wallet. That's about it. Pays you the reward every transaction you make.
Other things to note.
>It's fast as fug 4 seconds to send to your pal
>The gas fee is nothing, like 0 cents. .0001 algo

Imagine Algo breaking $20

>>28208203
Arguably the best coin out right now. Great long term AND short term potential. Long HODL for me over 10k stack

>>28208572
Looking forward to your I am financially ruined post. Please keep us updated.

Based Algochads. Criminally underrated coin, the 7% alone makes it top tier, the addition of a solid project led by Silvio makes it dream tier

>>28209378
hmm I see. I take it also works with Binance?

>>28210092
yes, sir

I sold this at 1960 and FOMO rebought at 2217 FUCK MY LIFE

I wish I bought more Algo before it broke 60 cents

>>28208999
This. What do bros?

>>28208572
bitconnect gave me more free money

>anybody that has bought ALGO before today is in the green
Feels fucking good, man.

>>28210421
Homie dont remimnd me

>>28210276
If you stake on Binance, don't they lock your coins?

lads dont talk about Algo here. I told everyone to buy at 30c and was mocked and ridiculed. /biz/ doesn't deserve to know about the best coin.

>>28210869
Based, I was in those threads supporting it too. Made a few threads around that price.

>>28208203
>>28208572
Isn't that APY minted into circulation which drives down the price? Surely not as bad as what the banks are doing but it can't stay increasing in value like that.

What does this coin even do? What's the usecase?

>>28210869
We're sorry, honest, just take it back and we'll make it right

>>28211097
The fed printed 30% of all USD in the last year alone.

>>28208203
how do you stake this shit?

>>28209378
Coinbase gives you the reward daily though.

>>28208203
HI fren. They do. Everybody that asks me about cryto is shown ALGO on coinbase. They buy some btc, some eth and some ALGO. They are most excited about ALGO because they see the interest earned on their phones and on the website. Comfy hold for normies. You can make 7% drunk as fuck and half brain dead with defi but most people don't want to dive into it yet.

>>28208203
If I buy $500 of this will I make it?

>>28208472
A cryptography legend. Not just some cryptocurrency guru.

>>28208300
checked. if so, still not bad.

>>28211153
Cheap transactions. USDC is based on it

>>28211309
just hold it in Yoroi or Daedalus wallet and you accumulate automatically

>>28210869
I listened fren. Thanks for the intel. Good Karma comes your way.

>>28211570
No. Even if/when it goes to 10 dollars that'd be only 5k. You're gonna need a hell of a lot more than that.

How high can it go realistically ???

>>28211860
Oh you can hold it in daedalus? I thought you could only put ADA in there.

Greetings, Algochads

>Pic not mine btw, found on a Discord

so blockchain dot com offer this, but "at present" not the ability to withdraw or stake it. is it worth buying there and moving it or what?

>>28209378
Mine's on Exodus. There's an icon you can click on to claim your daily Algo. I'm getting 7.25% APY. Comfy hold.

3k stacklet here. I fucking wish I got more when I bought it at 30c.

>>28210785
that, I have no fucking idea. But I know you only need 2 algo to start staking, you can find out probs

>>28211952
Who knows. My guess is $4 EOY

javascript:quote('28212006');
Did I do it frens? Can I join the sky high club

>>28211901

After I move next weekend I’m taking all of my leftover savings and putting it in ALGO. 7% is nothing to scoff at

>>28212693
I did it wrong even. killsmyself.jpg

>>28212647
Maybe i will hold a little longer.

>>28211952
$1.10 EOD it's looking desu

>>28212793
Good idea my fren

>>28211378
All you have to do is send to yourself

>>28212017
fuck my bad wrong coin, algorand has their own mobile wallet algorand wallet

>>28213022
checked

>>28209378
WTF IVE BEEN HODLING THIS ON MY BINANCE WALLET FUUUUUUUUUUCCCCCCCCKKKKKKKKKKKKKKK

>>28209006
This.

>>28213048
How does this work fren I bought the Algos on coinbase now what?

>>28213677
Checked

>>28213808
If keeping it on cornbase just click into the coin details or whatever the fuck and "start staking"

>>28213808
You can keep it on coin base for daily 6% or move it to algo wallet for 7% (it'll accumulate) then just do a transaction to yourself and you get the rewards(though it costs .01 algo).

>>28214370
ANY transaction will get you the rewards, for example sending algo to your pals, or throwing it back in an exchange.

>>28214469
We don't send to friends. We're freaksp

>>28211936
Well I just started with 500 coins
If it keeps churning up I’ll keep buying

>>28214700
CHECKED and good idea anon

Doesn't ALGO periodically moon and then dump? I remember one anon saying that every February and August this coin just pumps and dumps.

>>28214899
>every February and August
>released in 2019
Based retard bro

Reminder that ALGO is the official MGTOW coin.

@28215497
Stop forcing this meme

>>28215629
Hey MGTOWs!

https://youtu.be/WXYcjhkukNc

lmaoo theres maybe like 2 real people talking in this thread

>>28216123
people aren't real

>>28216123
>>28216250
a simulacrum just flew over my house!

>>28208203
Based ALGO threads lately. Notice that basically everyone agrees that this is an excellent long term hold and that pretty much everyone already owns it (IYKYK). Try to find anything like this in any RBC, SHIB, REEF or any other scam thread. You won't. This is how you have to read biz, give it the big picture look, and the big picture is that ALGO holders look like pic related.

>>28216123

>>28215629
>@

>>28216759
How did you get this picture of me, I don't even like that enter button!

>>28216836
Yes, newfag. That's how you don't give people (You)s for forced memes that they've been spamming in threads.

>>28216984
Passive aggressive coward

>>28216984
As a newfag from 2008 what is the point of not (You)ing someone?

>>28217048
>>28217139
lurk more

>>28217139
Also (You)s didn't even exist until what? 8 years ago?

>>28217629
I'm not even sure what you are being passive aggressive about anymore.

>>28217999
It helps if you look up the terms you use prior to using them if you want to avoid confusion.

how can you fud algo but shill bao coin? The absolute degenerate state of biz. Ser Silvio does not approve.

So now that I’ve bought some, what do I do?

Do you trade on BAEX binary assets(#baex)? I found their system with Uber indexes, price is rising fast, and it is easy to get rewards. All IT sphere is developing fast, so I think Apple, Microsoft, and Amazon share can be rather profitable. What do you think about it?

Dumped Tezos and picked this up.

Like the third best decision I made in crypto, but the other two were REALLY fucking good.

Fellow chads, look into algorand standard assets.
>The new stock market is going to be built on algorand
WAGMI

Why did this coin initially drop 60% from ATH?

>>28219278
Just what happens with ICOs

>>28212127
Go back to discord, tranny. You are not a fren.

>>28218381
I think all of the wallets automatically stake it but the algorand wallet and exodus seem to have the highest apy

I have nothing else to add what has already been discussed on this thread

Look at those candles BOYS

>>28221305
glad i aped into this shit this morning

>>28210184
Only $5?

Here I am sitting around all day waiting for it to dip under a dollar so I can justify buying another 500 Algo

Didn’t buy at .30
Started paying more attention at .70

It’s not going down is it?

I missed the boat. Goodbye

>>28214255
I dont see that option?

>>28212942
How does $2.00 sound?

>>28221305
Strap in phaggot, we going to $1.20 tonight. Oooooooooooh yeahh baby

>>28214899
This is not a moon coin. Scram if that's what you're looking for and shame on you.

>>28221957
Salty

>>28222337
Hey fren, I'm just very a comfy hodler going on nearly 11 months.

>>28221788
it's in the wallet or overview tab (i forget which) when looking its page. under the buy/sell/convert area I believe

>>28209006
>>28213755
Okay, what's the next step

Back at 1.07 again

I have $12k in cash savings sitting in my bank, should I move all of it to ALGO? I know there was a price drop in 2020 from similar prices, likely scenario again?

>>28221538
Yeah it's for Chinese new year, Feb 12th

>>28223742
All in baby

>>28223247
Throw out the catgirl and replace her with a cowgirl, the wild west kind not the girl with horns kind.

>>28223742
Damn, imagine having the balls to buy this chadcoin on March 15th for 9 cents

>>28224386
High testosterone is a chad trait

You’d have to be an absolute retard not to own a bag of this

>>28221732
Never to late to join in on the CHAD currency, like seriously there is a turning award winner and nobel prize winning economist on the team

>>28212127
>Crooked content detected
>Should turn computer on side?

>>28224714
It's weird because saved in my computer the image is not tilted, but when posted here it tilts idk why

>>28224354
I'm very happy you specified. One AlgoCowgirl coming right up

>>28210639
Anybody who bought algo today is in the green.
I was a damned fool and cashed out 600 coins to chase the ass end of the GME/AMC retardation and algo has nearly doubled since then

>>28224910
And another

is it too late to get involved

will be my last coin before I start dca every month - worth it?

>>28225553
Never too late on this coin. Many anons are using it as their savings account.

>>28225553
>>28214700

>>28225553
>All time high, time to buy
It's a comfy long term hold but nobody can say what its gonna do in the short term

>>28225553
Nope, you're just watching us all in the $1.10 waiting room

>>28225812
Much like everything else out there - anything similar with the same kind of staking benefits, backing and none of this swapping/gas/bullshittery?

Buy the dip, retard
>they said more and more
Then shill this shit on /biz/
>good I have bot ocean subscription and use bots for trading and less risks on DEX

>>28225812
>>28225980
Also, looking to spread the fact that everything is sitting at ATHs by DCA over the year

>>28210869
I listened, anon. Thank you.

>>28225980
ALGO is simply the best

Bullish on algo

Rumour has their new wallet app will have an eth bridge

And partnering with O###### so algo holders can borrow stable coins backed by their token

>>28208203
>7% back
Redpill me on this

>>28226300
Click this
>>28209378

>>28214469
even sending 0 algo to yourself

>>28226431
Yeah my bad, I saw this after I posted. Thanks anyway and sorry for the wasted dubs.

>>28226300
Auto staking by holding the coin in a wallet. Works with the ALGO wallet but also works on Coinbase. Constantly pays you a percentage of your stack, paid out in ALGO coins. So if you buy 100 and do nothing, you'll have 107 at end of the year. Passive accumulation

>>28226480
>>28214469
so if I'm sending $100 of algo from my official wallet to the same, official wallet, I earn $7 and pay $.10? that seems absurd

I feel a tingling in my balls.... Could it be?.......

>>28209957
Is 7% sustainable long term or should we expect APY to go down

>>28212647
This is fud

>>28226592
Unsure of your question but transactions are cheaper that that so you'd prob pay less than 1 cent

>>28214370
The 6% is just estimated if I’m not mistaken I’d be surprised if cuckbase was actually taking it off the top

>>28215497
I’m creating a coin called the nönut coin it’s coming out this November

>>28226585
>at end of the year
Wait so it's a yearly thing?

Okay algochads please do a quick recap for a retard.
Your threads qive me the exact same vibe as avax threads used to give me back when avax was only 80cents, I've got 70 tokens as of now but might go for much more.

Give me your newfag tips to make it with Algo.
Also the name + logo sound/look cool af.

>>28226592
not even .10, the fee is .001, so 1/10 of a penny. Though the $7 be after a year, and they pay out is ALGO, so if you bought 100 algos, let it sit for about a year, then send 0 algos to yourself for a fee of .001 algos, you would accooomulate 7 algos for free OR for .001 algos

>>28227417
it compounds every 10 or 15 minutes, the anon was just postulating that if you didnt do anything but let your ALGO acooomulate for a year, you would make 7 algos

Friends how do I get my 6% Apr to 7.2%? I'm using coinbase.

Also how do I stake or am I already doing that by holding it

>>28227417
Daily on Coinbase baby, just wish I bought more so I could get 1 ALGO per day

WHY WONT THIS SHIT DUMP!!!??? I THOUGHT FOR SURE IT WOULD DUMP TO 0.80 WHEN REACHING 1?????!!! I NEED MOAR

>>28227417
It's given constantly but it's 7% over the year
>>28227455
checked

>>28227740
Ah yes. I see now. Thank you kind anons.

>>28227849
Move them from CB to the official ALGO wallet. CB is taking the difference from you!

>>28227873
so if I set up autobuy on Coinbase for 10 ALGO or so every day, I reap the rewards? Do I need to send the ALGO to another wallet to get the rewards, or do I harvest them from just sitting on coinbase?

>>28228029
If you live in leaf land CB doesn't pay you, you need to transfer algo to the algorand wallet

>>28227902
It didn't because we are commited into it, we are commited in hodling and stacking.
Feels good

>>28227849
Get the official ALGO wallet, It's on Android and I think it is on iOS too, not sure though.
Then send your ALGO from coinbase to your new wallet and it will being gaining interest immediately without need to do anything else.
to get the APR on coinbase, i think you may to toggle something, or it could be auto as well. I dont leave my ALGO on coinbase, so I dont know

>>28228148
sounds good, thanks anon

>>28224309
BIG RISKS.

BIG REWARDS.

Evening lads, hows the shift been?

I have 1600 of these and I'm gaining rewards. Am I gonna make it or do I need more?

Has it always been 7% apr?

>>28229110
was 5 point something before

>>28229075
How much money is "make it" and by when do you need to make it?

>>28229075
I wouldn't be able to sleep at night without at least 5k, preferably 10k+

Algobros, I'm using Kraken; any way to get the staking rewards?

>>28229075
Just use it like a savings account, the 7% alone is worth it.

fuck it - i'm 1k in - will i make it?

>>28229563
Not on that site. Use Exodus Wallet.

Fastest growing blockchain company in the world

https://growjo.com/industry/Fintech

>>28229353
Post portfolio?

Pretty high mcap. What's a realistic ceiling on algo?

>>28228029
>autobuy on Coinbase for 10 ALGO or so every day
Wouldn’t you get fucked by fees doing this

Thoughts about tezos and cosmos? They all have nice apy.
DAI has 2% apy as well.

>>28230026
I've got a few Cosmos, but it's now too high to buy more, so I get more Algos instead and both grow at quite a similar rato so.. it's better to get algos

>>28230025
looks like there's a 7.5% fee on coinbase kek, you're right.

>>28210869
I listened anon-sama

>>28230138
I don't remember one time buys on CB being that steep, but maybe I'm wrong... is that 7.5% specifically for the recurring?

$2 waiting room. Just bought $500 this morning

>>28230494
if i do a recurring $10 purchase every day, CB takes off $1 off the top, so actually it's slightly higher.

DOES ANYONE HAVE THE ALGO MAFIA FAMILY TREE TIER LIST IMAGE? I NEED TO KNOW WHAT THE MAKE IT STACK IS

>>28230684
Stop giving them your money like that holy shit, just buy weekly if you're stuck with cb

>>28230800
>stop
never started kek, i was just looking at options for farming the 7% APY. probably will go with another method

Put $1500 in over the last two weeks as my 2nd coin. Up to $2k now. Algorific.

>>28230843
my bad I didn't see the if. The algorand wallet off the app store gives the full 7% yield too, removes the cb jew

>>28211153
Gold, silver...any and every commodity from the dirt. Transparency down the list to jewelery even could if MELD truly acomplish building the infrastructure within the block chain.

>>28230684
Better off doing weekly DCA and buy through Coinbase Pro as the fees are lower

>>28227873
FUCK I WAS GETTING INE ALGO PER MONTH ON BINANCE FUCK FUCK FUCK FUCK FUCK FUCK FUCK

>>28227873
How do you stake them because I thought CB wasn’t offering that yet?

>>28229752
>this gives the algochad the boner

wow I remember buying the top on this at 77 cents and bitching I threw away my 200 bucks for months and now I am richer than I have ever been thank you Algorand

>>28231934
Binance offers 8% return so it is better if you are holding long term

>>28232472
Coinbase only allows staking in select few countries, if you don't have staking you can download the ALGO wallet and stake there

>>28232788
checked

>>28232788
>200 bucks
>.77
>richer than ever
>88
Checks out.

So what’s everyone’s plan for stacking this? I currently have about 2k algo’s which is about 10% of my crypto portfolio. Thinking about upping it to 5k whenever there’s another pull back to 98 cents, I was watching the chart last night and the support seemed really strong at around 97-98 cents so I don’t think it’ll go any lower short term

>start crypto in dec
>just start throwing shit at random coins i like the name of
>GRT at .3
>ALGO at .35
>PRQ at .3

i've been a very happy accident

Over 8k Algos I'm about to stake with Algorand's wallet; aigmi? Looking for like $2 million so I can retire somewhere like SE Asia or Latin America.

>>28233102
Okay I’ll probably set up an algo wallet because that apy is too good to pass up

>>28234153
Use the ALGO like a savings account, but fuck around with a small stack of other coins to chase moonies. ALGO is consistent, reliable, and rewards loyalty, but I dont think this will 10x. I dont even think it'll 5x in the short term... I'm looking more at $2.00-$2.50

>>28234655
Who do you got an eye on for short term moonies? Preferably available on cuckbase.

>>28234060
Mine is very similar to you. I keep 11% of portfolio in it, but I have around 10K ALGO.

As far as plan goes, if my other larger holdings explode this bull run, I will take 25% of those earnings and buy more ALGO no matter the price and use it as a savings account past 2030 when staking rewards end.

>>28212322
>tfw only 620 but I did hook up a fellow Algochad who was broke with 50 a few weeks ago. Hope he makes it.

>>28234848
Sounds good anon, hopefully I will have a stack as big as yours someday

>>28208203
Huh? I'm getting 10.47% with locked staking on binance. FEELS GOOOD

>>28226809
It’s gone up actually. It was 5.6 percent last summer

>>28209876
What is that image?

>>28208572
Smart I just put half my life savings in ALGO too. Hope it doesnt crash now lol :-)

>>28237362
postsecret

>>28234761
A lot of prolonged attention on GRT, have to admit. I grabbed 1k of them just in case. Give DNT 1-1.5 weeks to settle before another moonshot, check the 1yr chart. As much as I dislike BNT it really hasn't had its blast off moment yet like virtually everything else