/biz/ - Business & Finance

why would you sell the best coin? can’t you idiots think more than an hour into the future? you should be thinking about how to be staking as many as possible

>>28698635
Is the sky blue? Is Sasha Grey a virgin catholic nun?

>>28698635
yes, sell this hot garbage, do the needful.

>>28698964
This guy gets it.

>>28698964

>>28698635
Selling this. Honestly I wouldn't unless you can spend all day autistically day trading swings. It doesn't move as fast as GRT on binance because everyone keeps it in their algo wallets

>>28699019
>>28698964

I'm holding this cuz you guys memed me into it. But why do you think it's the best coin?

>>28698635
Yes, it's overbought and going back below $1

>>28699108
Look at the team. Now look at the algo wallet gains. That alone is enough to meme this thing to 3.

>>28699108
i am not memeing

for everyone lurking, the people persuading you against algorand are the same degenerate gamblers who push mcdonalds coins

kek

If it dips under a dollar I'll just buy more and sit on it til it's back up to 1.80

>panic selling a coin that literally solves the trifecta

Lol

>>28699542
This is the way, fren.

Every time I open my algo wallet, or transfer my algo around i'm reminded of what a cool fucking project it is. I had my brother DL the wallet just to show him what crypto can do. tihs one is a no brainer long term hold, everything about it oozes quality

>>28699108
Do you care about your future? If yes, you may want to lock away a percentage of your net worth or crypto stack into an actual real savings account e.g. ALGO.

>>28699506
>timeframe = 14 days

WOW

Look at this. Literally people just filling their bags in the middle of a dump. Seems like a decent sign imo

>>28700550
I would be doing the same if I had some spare cash

imagine not accumulating when it was below $1

gonna buy some more

oh look, it was just a dip just like EVERYONE was saying

>>28698635
have fun staying poor i guess

>>28698635

I hope you sell so I can buy up super cheap Algos. If you think regular market fluctuations are a reason to sell dont invest in crypto or the stock market.

>>28698635
sell the shitcoin, literally the only thing it has going for it is the 8% apy, and unless you throw your life savings into it, you can make more off of XRP.

>>28698635
I'm bullish as fuck on ALGO long term, but anyone who can't see that BTC is setting up for a huge correction is blinded by greed.

>>28701195
8% APY is fucking insane when the price goes up 500%. If you were buying in at .30 youre making closer to 40-50% APY on your initial stack.

>>28701195
>he doesn’t know anything about the coin

>>28698635
How old are you? 14? You're not going to become a millionaire overnight, just shut the fuck up and wait a few years.

>>28701507
I can smell the copium from here, it'll hit $2, then the algo foundation will pump more into circulation bringing it back down. It's almost like they don't want their coin to succeed.

Algorand's fundamentals aren't there.
No incentive to participate.
Get into Cardano instead.

>>28701838
yes. algo foundation will deliberately try to get less people to buy their coin.

>>28701838
They pump 8% apy in my wallet

>>28701720
I know enough about the coin to know that they literally just pumped 200m algo into circulation. But go ahead and tell me more about how great your sjitcoin is so great.

>>28701998
Is this true? Do they just do it randomly?

>>28701930
You can run a node for 1 algo
This makes it less centralized than eth or btc
The point is to avoid "pools"
Enough nerds and schools will run these things for fun.

>>28701998
Time to buy more

>>28702074
1st march superstaking till 200m are given away but you gotta do kyc etc to participate

I will not sell until $100

>>28698635
The pumps and dumps aren't what Algo is all about. The rapid increase in price is just a welcome facet of the increasing mania. Algo should be the final destination for profits. The goal should be to acquire enough Algo that the staking rewards are nice even when the price drops.

>>28698635
definitely! maybe even too late already
pulled out of all my positions 2 weeks ago and put into MCDC and DOGE, youve missed the boat on them sorry, but RBC looks pretty good

>>28702074
It's not random. They have a schedule. Check out their website.

>>28701998
It’s over algobros

>>28698635
Algorand is up ~85% on the week even after a dump.
Want to panic sell.
You're not going to make it.

>>28702516
Is that why everyone was meming Algo, so that the 200m would have higher value when people received it? Then dump?

>>28702314
Where and how?

>>28702074
Yes, it's in their website. I almost fell for it until i saw the monopoly tokenomics. I guess the founder is a great cryptographer, but failed basic economics. Go on their reddit if you want to see a bunch of boomers trying to act like they know what they're talking about but literally can't figure how to use the wallet LMAO.

>>28702732
Most people don't do any research. They just react to what has happened most recently and draw their own conclusions.

>>28702763
huh, well I've got 7k in their official wallet I guess I'll just leave them there for a few years and forget about it. Hope something good happens.

>>28702451
thanks bought more algo

>>28698635
It's been crabbing over one of the biggest breakthrough points it needed at 1.40. Bots are accumulating like crazy due to the buy pressure. It's already done 5x in a short amount of time and needed a consolidation. All this stuff is fine and expected. Extremely dramatic price movements just cause massive sell offs.

>>28702763
inflation is based, don’t be a pussy

>>28698994
>not "nyaalgorand"

>>28698635
go ahead and sell ill make money off your loss

>>28703179
nah I've got enough monopoly money at home, thanks. Keep making the Jews at MIT rich though, I'm sure it feels good to watch that coinbase wallet go brrrrrr

WHAT WAS THAT?"!?!?!?!?!?!?!?!?!?!!?!?!

>>28699012
shut the fuck up street shitting faggot pajeet

>>28701838
When they start taking market cap from actual real world uses outside of being digital Tulips there going to need all the extra coins for grants and for regulating growth and interest. Every time someone randomly cries about "muh coin number" it shows they have no interest in fundamentals or anything succeeding they only care about pajeet shit they might 10x off of.

>>28703476
WHAT THE FUCK

remember /biz/, buy high sell low

>>28703650
Agreed, we had our change. It's too late to buy now. Just pumped 10 cents

>>28703752
don't worry anon i sold at $1.75 and bought back in at $1.50

>>28703798
Based

I’m comfy holding. See you guys at $3 whenever that happens.

>>28704613
Probably towards the end of March riding the news. Some anons figured something is also going to come regarding working with India after they banned crypto which would be great and ironic at the same time.

Bought 2 days ago and holding

i am financially ruined, fuck this board for shilling ALGO

>>28701303
$700,000,000,000 has entered the crypto market in the last two months. Why exactly is bitcoin due for a "huge correction"? It just had one, like a week ago, that lasted all of January. It was a 30% pullback. Bitcoin is totally healthy right now. Where else is all that money going to go? Back into increasingly worthless cash?

>>28705541
>where is all this money going to go
sold into USD as people pull profits from the BTC bullrun? that's how BTC corrections work

this bullrun hasnt even got going yet. The amount of cash that is going to flow into crypto will melt faces. Sell now and rope yourself in 3 months when everything has done another 10x - 100x

>>28698635
I sold earlier today. Glad I did, still made profit (just about). Stick to BTC and ADA. Everything else is a shitcoin (only good for pump and dumping).

got 5k algo, someone explain to me why this is worth the time of day without being glib and uninformative?

>>28705743
>BTC and ADA
this is horrible advice for new normie investors lmao

>>28705819
>buys a stock
>doesnt know anything about the stock

based /biz/nessman!

>>28705603
Obviously that's not happening yet since billions of dollars a day are continuing to get pumped into crypto. But take your profits and sit on the sidelines while we launch into the stratosphere for the rest of the year, without you.

>>28705947
Fud is strongest when swingers want to fill those bags even more

>>28706010
>But take your profits and sit on the sidelines while we launch into the stratosphere for the rest of the year, without you.
anon I assume you weren't in cryto for any of the previous bull runs, right? we haven't had our correction yet. expect to see a major correction possibly right, or in the next few months, followed by the full bullrun in late spring/early summer

>>28705947
>stock
Holy fuck please leave

I just buy everything on coinbase with a decent APY and convert my free gibs to link and bitcoin.

>>28706110
I've seen some arguing that all the new money and interest coupled with institutional money jumping in having the possibility of causing a quarterly boom and dip this year instead of the standard bi-annual behavior were used to.

>>28705819
>without being glib and uninformative
>>28705947
congrats you're a moron, any frens in this thread?

>>28705819
Brrrrrr

>>28698635
Do you guys actually sell your crypto?
Whats the fucking point?
Just hodl it for 10-15 years and retire rich.

>>28706232
New money will get dumped on in the first correction for a massive profit, which I'd recommend swinging. Institutional money isn't "just buying in now" though, that's a bull run hype meme. Realistically any institutional money that's interested in crypto in general has been slowly buying in over the last 3-6 years. Goldman Sachs is the best example of this

>>28705671
Normies see that the petrodollar is doomed so they’re starting to enter

>>28706494
stocks, coins
just slip of the tongue

but obvi im retard for a slip of the tongue by /biz/nessman standards

>>28706110
You're basing this on what, your gut feeling? There is more risk to being wrong and staying in cash on the sidelines than there is to stay in and ride out some bumps right now, because you can't predict what will happen. Betting against bitcoin in a bull cycle isn't real smart. I've been in crypto since 2014 btw, not my forst rodeo. You're probably one of the guys, there were many, who thought bitcoin would crash in January and that would be the end of it because that's what happened in 2018; totally oblivious to how the cycle actually works. Just assuming January 2021 would be a repeat of January 2018 just because both are January? Well it's February and we're smashing through all time highs so time to change your mind.
We JUST had a 30% correction. Next step is up. Look at previous bull runs, a 30% correction is about all you get. There is only one exception, so why would you bet on it happening again and at this exact time?

>>28706110
Institutional investors are buying in right now and it is too risky to sell now and wait for a correction as BTC could go parabolic.
Latest big money is Microstrategy, Gray-scale and Tesla. Morgan Stanley is thinking about buying into BTC and MasterCard will be launching their crypto card.

>>28698635
Yes sell the best most undervalued bluechip project in crypto and the day it corrects downward.

just checking in on /biz/ and i skimmed this thread, jesus christ there are some dumb motherfuckers in here. Algorand is one of the few projects you could describe as a true comfy hold, so consider yourselves lucky to have chosen it (if you are reading this and actually did your due diligence ignore the luck comment, it's not directed at you).

>>28701931
Fewer you ignorant fuck

>>28706655
>without being glib and uninformative
still missing the point, still retarded.

>>28706570
Everyday. I have stop limit orders in place to get me out of a position when it slides, and then buy back in after it bottoms. You’re wasting money riding dips, even with fees, I’m making money.

This thread is a buy signal

>>28706885
Yeah thats actually a fair point I might actually do that.

>>28706572
I suppose I should clarify my view of institutional money as being the crypto world offering real services like the ALGO transaction resolution and hosting stable coins. I see it more as making money from and with institutions where bitcoin has been an anomaly and not really user friendly or tenable in the long term.

>>28706959
if you don't know what you're doing you will get stop hunted, or otherwise loase your lunch.

>>28699108
Because it simply is. But it is not for degenerate gamblers. It is a partrician coin for high IQ people, better buy some Rubic or some other FOMO shitcoin of the week if you can't do your own research on it. I am holding and increasing my stack at every fucking dip.

>>28706572
>Institutional money isn't "just buying in now" though, that's a bull run hype meme
Holy shit stop spreading lies

>Grayscale buying BTC and ETH
https://www.financemagnates.com/cryptocurrency/news/grayscale-purchases-52730-ethereum-in-24-hours/
>BlackRock largest fund
https://www.institutionalassetmanager.co.uk/2021/01/22/294815/blackrock-moves-bitcoin-institutional-cryptocurrency-investment-takes
>Morgan Stanley $150 billion
https://www.coindesk.com/morgan-stanley-unit-considers-bitcoin-investment-bloomberg

>>28707018
That's why I hodl 95% and daytrade with 5% of my portfolio so I have some fun while instead of watching shit only on the sidelines.

>>28707089
your boomer ass didn't do a lick of research, you probably had your boyfriend tell you to put your entire life savings into this shitcoin and you happily did it with his dick in your mouth.
please tell everyone all the vast research you've put into this pile of garbage you call a "partrician coin for high IQ people" LMAO

>>28707247
i do this with stocks, but i don't have the 25k in it to day trade. I'm almost x2 just selling 3x a week withing 1 month.

>>28707247
yeah it's admittedly hard not to do this during an alt season, i've been doing something similar. luckily the gambles have mostly paid off so far, but i think alts are starting to attract the midwits now which means party time will probably soon be over

>>28698635
I dumped Algo at 1.8. Thanks for holdi my bags so I can get back in at 1.45

>>28707018
Yeah where do you even set a stop? Every time I've tried using one some scam wick stops me out and then it continues up without me. 5-8% is typical for traditional equities but it seems you need a 35% margin on crypto, or even more, at which point it's not very helpful and just fucks your shit up. My strategy is mostly hold and use limit orders to buy the dips instead of trying to swing all the time. I was able to pull out of btc in January at $40k and buy back in at $33k though.

At 1.60 I traded a quarter of my Algo for Polkadot, Just to make sure I got my investment back. I got in at .44 cents.

>>28707653
easy just set the stop a further points extra away

>>28707653
my basic understanding (i don't use stops) is that stop loss orders usually get set just past the level of recent prices that had high volume, in other words at horizontal support zones. this is where big players push the price to stop hunt so you want to set stops somewhat below those areas. as you've pointed out crypto can just scam wick 30% and take out everyone's stops though, so it's really not a great safeguard against getting dabbed on by the big boys

>>28707335
Seething much? I don't buy streetshitter coins or shit developed by slavic Untermensch. I buy American coins with American teams and superior tech. Deal with it.

>>28708192

based and America pilled

>>28708192
hmm, based

>>28698635
How does 300k plus 8% sound

>>28698635
Take your profits, then look at the price history.
Buy back in before the August pump.

>>28708192
just admit you have 10k into RBC and we can forgive you. I understand, we all make mistakes.

>>28708088
Yeah I always place it below a major support but get stopped out anyway. Like bitcoin in January dipping down to like $28k for a few minutes just to stop people out and liquidate margins, similar shit happened in December, it dropped like 20% for just a minute. Probably coordinated by exchanges to clean out the leveraged positions.

>>28702150
>Enough nerds and schools will run these things for fun.
Not feasible. If the network load increases then anyone can think: "Why not just stop wasting time and money on my node? Others will take care of it" while still getting their rewards.
This in turn causes a higher burden on the remaining nodes, which will think of doing the same.
These "hobbyists" or "amateurs will do it" projects reek of not understanding basic economics and incentive structures.

>>28706742
He's an idiot, thats why. Look no further than, just another idiot.

it keeps going down brahs

>>28707335
You are trying so hard its pathetic.

>>28699108
India. <- your breadcrumbs

>>28709158
you must be his boyfriend I was talking about, try not to gag him for too long, he's already talking like he's lost a few too many braincells.

>>28705819
this is good to watch
https://www.youtube.com/watch?v=7-NBZv1KXVg

>>28705743
>still made profit (just about)
So you didn't actually make profit? Is this the ultimate cope?

>>28705947
>stock
Get the fuck out of here now.

can't swing, so imma hodl some algo until it hits $4 and then take some profit to pay rent

>>28698635
Yes please sell. I need this coin to go down so I can buy more

No lol, I mean you can sell, I’m just gonna buy more.

>>28698635
>Doesn't look like it's going to bounce

Mere hours before it bounces

Do what you ways do

Sell and watch the green candles rise

If I buy some more right now on this dip, which place lets me immediately withdraw it with 0 restrictions? Binance.us or coinbase pro?

>>28699036
How does this work exactly, you're payed in algo, but, if the price goes up, do you get fewer tokens then?

Is it Ethereum competitor?

>>28710999
I think both. I hope it dips below $1 ...

>>28698635
it's literally the best blockchain, the best project, the best fucking team from 10 miles away, and you want to sell when it's not even in the top 20?????????

YES PLEASE SELL NOW

>>28699506
chart never fails

Is it self-fulfilling or predestination? Either way never fails

>>28699506
>>28711930

Z O O M O U T
O
O
M
O
U
T

Ya just sold 100k

someone pls tell me if this is a good long term hold portfolio, /biz/ is moving too quick for my threads.

>>28712057
Sure you did

>>28711930
it almost always fails tripfag

>should I sell a Sunday dump after a Friday pump?

Fuck no, are you retarded? This happens every weekend.

>>28712071
nooooo anon you can’t diversify crypto you have to go all in or else you’ll stay poor forever

>>28712071
XMR might be worse off than something like IOTA, or other staking coins like LTO os ATOM.

>>28712071
I've never seen anyone else have ENJ. I hate their wallet even though it's very secure.

BUY THE DIP

>>28712071
The only 1 I'm doubtful on is the ENJ, yet somehow its one of the few 2017 coins still around so maybe they're trying

>>28712440
>look at crypto every week
>random coin is doing a x2, always changes
i mean fucking file, FILE coins was the only thing on voyager that made money today so i decided to get a few coins
>>28712500
hedging bets on "muh anonymity", if govs decide to regulate crypto to add legitimacy monero is first on the block, till then it's a dark horse bet
>>28712545
i don't even remember why i picked it, i know nothing about it, cute coin tag.

>>28698635
Most alt coins have mooned and are overbought. Realistically i'd say you can hope for a 2x before market crashes