/biz/ - Business & Finance

>>28604648
prepare for the bubble to pop soon when all media/normie hype dies down, but if you got an algo stack you good, algo is a long hold

>>28605119
How long should I hold it for?

>>28605302

>How long should I hold it for?


When the sun rises in the west and sets in the east. When the seas go dry and mountains blow in the wind like leaves. When your womb quickens again, and you bear a living child and not a day before.

>>28604648
Fuck i bought yesterday.
Hope it's just a temporary dip

>>28605119
What media attention? Algo has had none. Its all under NDAs till march-ish

>>28605302
Meanwhile I'm accumulating at any level below $2, whistling, and collecting daily compounding 8% apy

>>28604648
ur mom isn't looking too good (cus I fucked her in the anus).

just fucking buy and hold for a few years.

This is going to be fucking big. Dont sell. I tell you. Remember this is not average coin. Its currently highly undervalued and its part of big bussiness. Algorand is here to stay, unlike most of the alt-market. Remember!

https://www.algorand.com/what-we-do/use-cases/meld-gold

https://www.youtube.com/watch?v=Bot0M5hXC0c

>intensifies your portfolio by 8% APY
>stacks
>stacks
>stacks
You don't PnD ALGO, you long hold. He's the tank class of the crypto world. Punishes PnDers too

>>28605456
im talking about crypto in general

Buy the dip fggt

>>28604648
70% buys in past 24 hours even when it was at $1.80. ALGO is bullish as fuck

>>28605746
This, buy ratio went back up to 70%. The problem is, people aren't selling and causing a lot of tension

Meant to buy back when it was around 30 cents and never got around to it, hope it dumps hard AF op.

This is only a beginning.

Newfags who don't understand that there will always be corrections after +50% runs need to leave /biz/ because you are destroying the board and you will lose your money in crypto.

>>28604648
I just use it like a savings account, anon. I've earned way, way more interest on my holdings keeping money there vs. a traditional savings account at a bank.

I think a lot of people are using it the same way, too. The selling that you see is just people trading for short term profit, which will always happen, but I think this one will continue to rise in value over time because so many people will buy & hold.

>>28606179
No other banks can compete currently, 8% APY compounded daily, paid in ALGOs so if ALGOs raise in value, so does their interest generated retroactively.

I warned you fucking retards about this shitcoin.

>>28604648
>bounce back
it just 5x'd
stop being a jet black nigger

>>28606264
Yea, my initial 10k investment is now worth like 30k and I've generated around $150 in interest on top of that. And it's only been a few weeks. I know the price will rise and drop so that will change, but as long as it doesn't go back under like 50c I'm good and will keep holding my savings in ALGO.

>>28605302
2030 when staking ends and all supply is in circulation.

>>28606053
beginning of what

>>28604648
>Is this algo shit gonna bounce back cuz rn the chart isn’t looking too good

the fuck you mean $1.40 floor has been reached next target $2.50

>>28605302
If this coin does a 100x I can literally retire forever and it's still under ETH

>>28606310
Oh nooo im up 5x instead of 6x

>>28606690
Keep holding smelly shitskin nigger

>it's only the 14th fastest growing Financial Tech company in the world
>it's only the #1 blockchain company on that same list
What a shitcoin.
https://growjo.com/industry/Fintech

>>28606749
Mad because he missed out

I've been putting money into a bunch of other coins that are seeing pumps, and then putting all of it into ALGO at the dumps. Not going to take anything from this mad stack for a few years. I'm strapped in and comfy af.

>>28606677
>6677
Meme magic says it will 100x

>>28607277
>>28606677
uh what

>>28607277
And another beautiful pair of 7s

I need algo to moon so i can take half out and diversify my assets. But i am patient and will hold algo. This weeks pump was a good sign, the correction was inevitable.

It's already going back up, lads.

>>28604648
Everything is selling off and consolidating today after several days of nonstop buying. Doesn't mean much. Selling might continue or it might crab for a while.

Did you guys notice $450 billion dollars entered the crypto market in the last week or two?

LINKchads are laughing at us

Happening

Can somebody confirm if I got this straight? In case market dumps this coin doesn't dump hard, and if the market pumps hard then this coin doesn't pump that hard because the supply is scaled so that it doesn't react so hard on the fluctuating markets? If that's the case then I'm all into this regarding staking, because I dont have to worry about this coin crashing down close to zero.

lads i have my algo in anchor switching it to coinbase. newish to this, how do i make sure im receiving the compounded interest? this seems like a long hold juat want to make sure im doing it right

>>28604648
im not really fussed.. it didnt cost me anything, i think itll last the year at least in reasonable health
i put money made on grt into algo, now ive made 3 pence over 2 days just from having it sit in coinbase! (not counting increasing in value, just counting APY or interest w/e)
>is this what it feels like to make it?

>>28608000
you put it in the wallet.

Dont keep it on coinbase. https://www.algorand.com/wallet

>>28607909
I feel like in the last few months it wasn't tracking all the other bumps as much as other coins, was less reactive, but then this morning it was mirroring every other dip. Will it be really stable in the future?

>>28604648
The fact that Algorand survived a dip like that is amazing on its own.

>>28606264
I'm getting 6 percent on coinbase.

What projects are on or coming to Algo?

>>28608131

The main selling point of this coin for me is the softening bumpers on both sides regarding ups and downs of the markets. If that doesnt work then this coin hasn't much going at least for me.

>>28607909
Look at the chart

>>28606539
This seems to be the most logical answer.
But who has the patience to hold a stack for 9 years? How many opportunities is one person given over the course of a lifetime? Compounding interest has proven itself over centuries. My grandparents retired comfortably on 10yr and 30yr bonds, but those days are long gone.

>>28608097
Why is coinebase so fucking trash?

Hold strong lads

>>28607909
You undestand

>>28604648
It's one of the NWO coins right? It's fine. Just Hold.

>>28604648
bounce back to what??? this shit was literally 40 cents last week when I bought 10,000 worth. you are all delusional. these rapid price changes on a daily basis mean nothing in the long term.

>>28608406

Looks just like any other coin to me which is why I'm asking if that active scaling actually works regarding price control.

>>28605456
kek. the media attention was us telling our parents to buy stacks on coinbase because of the apy. it apparently worked very well.

>>28605517
its a fucking awesome crypto just for this APY and the only one i have ever set up on "auto-buy" besides ETH.

>>28608450
It has first mover advantage, just like bitcoin.

>>28606264
its a fucking dream situation...seriously. there is nothing else like this on the market.

>>28608715
Can you explain what that means? I just want that 8 percent APY.

>>28606310
what did you warn me about? that I could get 8%APY on the actual website instead of just 6% on coinbase? i know, im an idiot, but coinbase is really easy and i can send some to my mommy because it makes her happy ;)

>>28608772
Comfy knowing as ALGO rises, that APY rises as well so long as you hold onto that too.

>>28608442
>who has the patience to hold for 9 years
me. its easy. i just forget about the currency and move on to another one. dont think about everything so much. ALGO is not to be sold. go buy some more shit like LINK, ETH, LTC etc

>>28608790
first mover means it was the first to market, so it has a higher share of users. coinbase was one of the first exchanges. of course bitcoin was the first block chain.

>>28608790
You dont get it on Coinbase because they are pocketing your interest. put it in your wallet. Coinbase is not your wallet. They are a broker than cashes in on anything you do using it. It costs them literally nothing to hold your coins yet they are still charging you for it.

>>28609000
>>28608974
Thanks bro.

>>28604648
thanks for holding my bags OP!! Boughit in at 0.2 cents.
What were you thinking?

ALGOchads,
I put all i could into crypto right now and went all in on ALGO. what if i come up with another 2 grand next month? do i diversify or just marry ALGO for good?

>>28604648
I hope you sold, because it is going higher Sunday

>>28604648
Chart looks fine

love this 60 minute bounce from 1.48 to 1.60

>>28609169
You'll have that answer yourself next month if you continue to see gains until then, you can assume ALGO is a safe bet + that APY makes it good for long term holding.

>>28604648
Now that the dip from BTC taking a big shit is over, moon mission is back on the menu boys.

>>28609169
>diversify
You get rich from shitcoins by going all in on one and it mooning

>>28608097
thank you very much anon i appreciate the help.

CHUGA..... CHUGA......

>>28608612
Are you an autist? You need to check the percentage change in comparison to other coins. Something doesn't just 'look' statistically significant. Especially on your autistic chart.

>>28609364
This, you can build a little stack that way. But eventually you need to buy 1 bazillion of something at .0000000178 and then it goes to .001.

>>28609364
can you even invest i shitcoins on binance,or do you use uniswap or something?

I only have 400 algo am i gonna make it?

Any dips in the foreseeable future or is this a low point? I’m looking to buy in

>>28608267
move it to the official algorand wallet app so cuckbase isn't skimming your rewards

>>28609664
anything below $2 is the dip get in

>>28609664
what the fuck are you talking about? THIS IS THE DIP

>>28609645
Compared to your neighbor with zero, yeah

>>28609664
yes will dip back at 0.2 in two months for three years

>>28609701
I have two hundred algo on coin base how much are they scalping me?

>>28608442
Only 15% of my crypto holdings are in ALGO. Not touching the ALGO.

>>28609664
The dip was 1 hour ago at sub 1.50. You missed it.

Idk anon, I sold half of my algo to not fuck up completely, anyone trying to predict this is just making shit up

>>28609645
The less coins you have the long you have to wait

I can guarantee though 400 coins now is going to look really good in 2024/25

Dead cat bounce? More like alive dog sounce

>>28609803
I am 10% ALGO across all investments, it will be a challenge to not touch it or not do something stupid like swing trade.

I just bought 400 more. Fuck you all! :D

what makes ALGO such a long hold?

but cannot elon musk just tweet that algo makes his penis hard? :(

>>28609887
really what altcoins come down to in the end is finding the coin that will have useful applications in the future and who has the best protocols and technology to become top dog

my research indicates algorand has potential. thats what youre investing in in the early days of crypto is investing in potential.

crypto is still uncharted territory so yes, people cant predict anything atm

>>28610091
>>28610091
>>28610091
remade the general since euro anons let it die baka

$2.00 WAITING ROOM
WE ARE THE ALGOMARINES AND WE ARE NOT FUCKING SELLING

>>28609169
I'm on this road with you, albeit a bit more money. We're going to make it brother. Doesn't it feel good?

>>28609987
I ignored my ETH for 2 years and just lucked into 700% gains because I wasn't paying attention. If you feel the urge to sell, just stop looking.
If you feel the urge to swing trade, don't trade, just by the one you think is a bargain. Right now, all non-scam coins are a bargain. All of them.

>>28610055
Because I plan on holding it a long time

>>28604648
Yes, it will. Algorand is a HODL for me. It's tech is extremely promising and have an active dev team. But yah, DYOR yadda yadda

>>28610055
your dubs and compounding interest at 8%

>>28609664
lmao you missed the rocket, we're on our way to breaking the 1.70 and 1.75 price wall and topping our yesterday high of 1.84. FOMO will kick in, PnDers will show up and correct the price to the new floor, which will be 1.85+, and ALGO will do the same tomorrow only higher. If you've been following ALGO, you know how strong its 70% buy ratio is. It's CRUSHING price walls like nothing.

>>28605382
Very poetic. Is that original? Can I use some of those lyrics for a song? I'm a musician and love inspiration like that.

>>28610055
Because the official app is so cozy and beautiful

>selling an ISO 20022 standard coin
what, are you dumb or something?

>>28609561
I count DOGE etc as shitcoins, so yes on binance lol

>>28608097
There is a "coinbase wallet" standalone app. Is that also shit?

>>28606749
Sorry, you're the nigger here, go back.

>>28610304
Pretty sure that's from game of thrones

>>28610281
This sir gets it.

>>28605955
media attention wheres eveyone is waiting for the dip to buy in?
not gonna happen

>>28610482
15% circulating supply, whatever the price is now youre paying 7x as much as its actually worth.

>>28610444
yes

you are losing out on a 25% of your rewards

>>28610987
>total supply won't be released for 10 years
this is crypto faggot, you have to go back

>>28610094
yea, I am not talking about long term where actual real world application applies

I'm not sure what makes this coin special. It gives percentage for staking but nothing is being done with it. Just looks like another ETH clone with nothing on it

>>28608843
The wallet takes like 5 mins to set up, the 2% compounds so in the long run will make a big diff and the fee for sending is tiny.

I'm just looking out for you brother

>>28611431
Tether is literally being ran off it. We're still in the early adoption phase, and it's already being used as the standard ISO 20022 stablecoin for a number of other usecases, i.e. Brazil and Marshall Islands. Again, this is still early adoption; the potential Algorand has outmatches any other ETH competitor by a large margin, due to basically infinite scalability

>>28611284
to a point i would say you can semi predict this coin though...

in the sense that it finds floors pretty reliably that it will sit on before breaking another wall either which way

not to say a huge tank CANT happen but its more reliable that other coins ive been watching

PURE
PROOF
OF
STAKE

>>28609137
Lol I bought at 1 dollar. I’m new to this so I wasn’t really thinkjng

>>28611601
but would the drop below $1 even surprise you?

>>28611784
It would actually

>>28611594
>already being used as the standard ISO 20022 stablecoin
This Algorand is working with Central Banks and Governments. Nobody really thinks that they are going to let BTC or ETH digitize the world economy, do they?

>>28611431
The CAD Canadian crypto dollar is utilizing Algo or something.
Stablecorp will leverage the Algorand blockchain and its growing ecosystem to explore new, scalable enterprise and consumer implementations of QCAD. Algorand will provide instant confirmation, micro payments and automatic wallet support for the QCAD token. QCAD is the first non-USD backed stablecoin to be issued on Algorand, enabling a synthetic-FX trading pair between a USD stablecoin and a CAD stablecoin on the network. Stablecorp has been awarded an Algorand Foundation Grant to facilitate further adoption of the stablecoin and expand its opportunities for new use cases.

>>28611784
that would legitimately be surprising. at least speaking for myself I'd be more than happy to buy anywhere below $1.50 right now.

>>28611594
That's so fucking strange that /Tether/ of all things is run on it and I don't see any price spikes. Odd.

>>28611594
"Using Algorand's network, USDT can be transacted at over 1000 transactions per second in a scalable, secure, and decentralized way. With Algorand’s simplified asset creation, instant financial exchange, and immediate transaction finality, Tether is leveraging technology at the forefront of open financial innovation."

bitch i got that

>>28611943
>I don't see any price spikes
It's up +150% in the last 10 days, we're basically on a stairway to heaven on the 3 month chart right now. It's performed better than the overall market as well. I'm not as optimistic as some of the other anons; I don't think we'll go over $5 this year, but that's still pretty reasonable considering ATH was $3.

>>28611968
That is being upgraded to 45,000 this year. Month or two away

>>28611784
1$ is the new low. You got on the train and thats what matters at the moment

>>28609266
I don't, I wanted to buy more and I missed the dip while I was doing something else. :-(

>>28611230
Algorands emission schedule is particularly bad, most of it releases over the next few years. No not 10 years.

>>28613122
>Consistent with the reduced rate of supply distribution implemented in 2020 through a reduction of the rate of participation rewards and of Early Backer / Relay Node rewards, we have extended the distribution of the fixed and immutable total supply of 10bn Algo from 4 to 10 years from now, ending in 2030, rather than in 2024 as initially planned.
https://algorand.foundation/the-algo/algo-dynamics
ok

What happens to this piece of shit when they can't pay out interest any more? You retards going to be holding the bag or swap to something that earns interest?

>>28613301
>can't pay out interest any more
low quality FUD kek

>>28607323
fuck off back to riddit namefaggit.

>>28613301
Where is my interest check

>>28613396
There's a fixed amount of algo, how will they pay out interest in algo when there are 10bil in circulation. Explain yourself big boy

>>28613577
hey anon, could you do me a favor and up the numbers on the right side? Tell me what the sum of those numbers is quick

>>28613692
Yeah it's a big number so what, they are saying they will have given out a cumulative 21,850,000 algos in a few months or whatever. This still doesn't explain what they are gonna do when they have released all the algos.

>>28613922
Anon, the point is that under the current rate of token release (which you should be able to do the math for), they won't run out of tokens until 2030, and by then tokenomics will probably change slightly in order to accommodate shrinking supply. FYI fixed supply is a good thing under the assumption that Algo gets adoption

>>28607277
Wtf?!

>>28608442
its pretty easy dude
hold something for some time
>it goes up
skim some from your profits and reinvest in something else
>it goes down
buy some more

>>28608097
Is Exodus ok?

>>28614021
But what will happen to my cozy 8% I'm still gonna be alive and holding these in 10 years, why would anyone want to keep hold of them if they don't earn interest.

>>28614193
Because it's an appreciative asset? Why would you hold onto Etherium? Also I'm pretty sure the tokenomics account for the fact that supply will run out eventually, and governance will be shifted to accommodate.

>>28614293
I wouldn't hold ethereum personally because they refuse to pay interest. I don't get your argument, the only reason people want to hold algo is to "use it as a second bank account" because of the interest. Without that what's gonna be the appeal, the fact that the founder won a prize named after some old dead gay guy? Because there are gidgets and goobers built on its Blockchain? Because tether (I also wouldn't hold this, totally don't get the point of this) is built on it?

I just don't get it

>>28604648
It's already moved 5x on rumors alone and still needs to get to it's issue price of 3.40 before we hit uncharted territory. This is an SEC backed coin just sit on it and wait out the swing traders.

>>28614590
>This is an SEC backed coin just sit on it and wait out the swing traders.
Based ALGO filtering out the weak handed swing traders.

>>28614573
They are trying to partner with CC companies right now to ease the burden of transaction fee's. CC transactions cost 5-7% of the purchase and are extremely slow. ALGO can do transactions in 4.5 seconds flat and for next to nothing in fee's. It's going to bring an umbrella of stable coins under legitimate control with transparency while making governments and existing institutions lots of money.

>>28604648
You don't know how to read charts and you're retarded.

>>28605302
You let it reach $1mil+ and collect the 7% apy and when you die you give I to your kids.

>>28605450
It is

>>28610444
I use it, it's slow with updating your wallet when you transfer but it's been reliable so far.

>>28614820
ok but what does this have to do with pussy

how will this get me paid

>>28615048
If this starts taking even a fraction of a percent of transaction fee's load and puts it on it's system while working with banks and being on the friendly side of the government it's going to eclipse the BTC MCAP in short order. Even if every single coin were released today instead of over 10 years with the bitcoin MCAP each one would be worth 64 dollars. If we hit bitcoin MCAP in a year or two your talking hundreds per coin.

>>28610304
you're a shitty artist if you can't build your own original life perspectives

>>28615216
Ok you've convinced me, how many of these will I need I have about 850 now

>>28614911
That's only 70k. You need at least 7 mil

>>28614126
works pretty well for me

>>28615452
I would look into it and do some more research anon. Despite everything I say the market has still got a lot of luck and bullshit involved. I just find it very hard to ignore the crypto that's opening the door to compliance and regulation. Those words are like dropping agent orange around here but it was always inevitable and more profitable.

>>28615513
That's why I put the + after it. 70k a year is great in most places, but of course more is always better.

>>28613922
They aren’t giving out interest forever dumbass. They are paying you to hold it while it is getting established. I think I read we have 10 years

>>28615603
Twitter will be build on Cardano .
By as much as you can.
Announcement by end of month.
Blue Bird is whispering buddy.

>>28607277
Fucking checked, trips and we go to 1000

>>28616460
Alphabet soup is going to get smacked with anti trust because it thinks it can nut up to continuity of government. That includes social media giants.

>>28610082
Elon is alright but could he like not?

>>28616434
Late to the party bub, my point was why should anyone care when the interest goes. I've since learned every credit card payment will be processed using algo and I stand to be one of the richest men on earth so it's cool, I don't mind so much about the interest now.

>>28607277
>>28606677
Now I want to buy.

How to earn 8%. I've got a decent bag of this, haven't checked it in ages. It's sitting in some browser based wallet...i know my bag has increased - is it as simple as that?

Algo threads have a comfy but also braindead vibe which I can't tell if it's bearish or bullish. The project is promising though

>>28617468
Download and move your algo to the algo wallet. Exchanges like coinbase take 2% for themselves.

>>28606585
The Getrichening.

>>28617484
The irony here is that people are being bullish with THEMOST bearish crypto on the market. Literally gonna buy my first space flight with this shit in 10 years when it transitions to NWO shit.

>>28617650
Yeah, it's not on any exchange currently so I must be good. Am in NZ so it's defo nowhere near Coinbase.

>>28604648
I took some profit and traded part of my gains for Polkadot. Almost no fee if you do it inside Exodus wallet. Only a quarter of my stack though, I still believe in Algo.

>>28617484
Heres a puzzle

>>28618497
Well I'm not sure every wallet gives you interest though. I don't see any staking option for Algo on Coinbase wallet, so you're probably earning 0% interest right now.

how do i actually buy this shit? do i buy on jewbase and transfer to the algo wallet to earn interest?

>>28618641
Everytime I have logged on to check it the balance increases slightly. I'm getting something but it's a hodl, not staked anywhere. I need to DYOR some more.

>>28618602
$1000 EOW math doesnt matter anymore anyway. But check the digits

>>28618602
60

>>28618602
19

>>28618602
200

>>28618602
43

>>28619035
Maybe not lol

>>28615306
All art is people taking other's ideas and building on it/changing it in their own way. You're a retard or a child if you don't understand this.

>>28618641
It’s just a switch you flip on coinbase on the algo page but yes you should move it to the official algo wallet

>>28618884
>60
this
>>28618974
>>28619035
>>28619058
you guys are just trolling r-right??

>>28619274
oh I thought it was a+b+c not a+bxc on the bottom.
it's 30, 10 + (5 * 4) = 10 + 20 = 30

>>28618602
5+5*2=15

>>28618974
19 for sure.

>>28619274
Do the multiplication first, then the addition.

>>28619274
90% of the answers are wrong every time. They think its an exercise in order of operations but its really about attention to detail.

>>28619453
Everyone is wrong but me. I haven't seen a single other 15

>>28618602
52.5

>>28618602
what the fuck are those things anyway, wrist scarves?

>>28619453
>>28619560
shit i'm an idiot he's wearing shoes and holding ties so its

5+(2+2+5+5+5)*2=43

>>28619713
ah shit you are right. I feel brainlet.

I'm 60% into Algo and 40% into GRT.

Good play?

Why the fuck do you faggots have two threads for ALGO, shitting up this board with shitcoins

>>28618602
$15

What do I win?

>>28619058
>>28619274
Fuck nevermind it is 43. I didn't see the manlet holding the things and wearing the shoes.

>>28605955
>>28605988
>>28606677
>>28606911
>>28607277
>>28608000
>>28608077
>>28608400
>>28608899
>>28609000
>>28609266
>>28610055
>>28610444
>>28611700
>>28613122
>>28613577
>>28613922
>>28614100
>>28614911
>>28618500

>>28620529
GRT looks interesting, thinking of getting in on it

>>28620529
Yeah

stolen from behind enemy lines

>>28621182
So it needs to breach 2.08 to truly pamp

>>28621182
Bullish reddit triangles.

>>28610143
Good

>>28619225
>all art is copy/paste other people’s ideas with minor tweaks
Yngmi

Bad news:

https://www.fxstreet.com/cryptocurrencies/news/algorand-price-prediction-algo-uptrend-reaches-exhaustion-as-technicals-scream-sell-202102120753

>>28622085
based bad ALGO news pajeet poster.

>>28622085
shoo pajeet