/biz/ - Business & Finance

Obligatory technical post demonstrating how much better Algo is than everything.

https://content.sciendo.com/view/journals/popets/2019/3/article-p370.xml

Best crypto.

India announcement coming soon™

Also if this anon is still around >>28945332
The thread 404'd before I could submit this

About to move some shitcoins into something, shill me on ALGO.

buying another $100 worth of algo and $100 of chain

ALGOCHAIN

>>28955618

I have the ALGO, I am believe

>>28956479
is this good enough or you want more?

Please do the needs full and market buy and hold sirs buy 100 a week

>>28956479
>you can already buy+hold stocks in the official wallet (not available in the US yet)
>most aesthetic+user friendly wallet by far
>scalable to billions of people
>you earn interest automatically
>founded by the turing award winner/MIT professor that literally invented zero-knowledge proofs and verifiable random functions; team is made up of well known scientists, programmers, and economists

>>28957133
dubs confirms

Where my algochads per day, 3 for free reporting in trying to get to 4

>>28956479
henlo fren?

>>28957244
>tfw .5 algo a day stacklet

>>28957455
how does 50 dollars a day sound in 5 years?

>>28957495
>>28957455
5s and dubs confirms
>>28957244
4 and dubs confirms

>>28956980
You realise some shitcoins have triple figure APY? 6% of shit is still shit
>>28957133
Better
>>28957306
henlo

>>28957244
2 algo per day algochad reporting in

>>28957495
sounds pretty good fren

Best way to get ALGO from XMR?

>>28957782
How does a free 20 dollar lunch every day EOY sound?

LETS DO IT BOYS BUY THIS SHIT AND HOLD IT AND STACK STACK STACK IT, WANT TO RETIRE IIN 5 YEARS? BUY HYOLD AND TRUST IN THE WOP PROFESSOR FROM BAHSTON

>>28955618
just transferred my NU gains into this. skimmed last week's algo peak too, lets see 1.70 again

ALGO, FTM OR BOTH?

I can only buy 380 ALGO, would it be worth staking them? I currently only hold DOT

Can anyone explain the difference in circulating supply between algo explorer and everywhere else? Is the difference the amount owned by the devs?
https://algoexplorer.io/
https://coinmarketcap.com/currencies/algorand/

>>28958345
did you like my meme?
>>28956071

>>28957133
how do you buy from wallet? Is it the algorand app? how do you calculate passive income? In my app i cant see shit

>>28955618
Algo doesn't beat Ethereum

How come every other coin recovered back their average price but ALGO still hasn't recovered back to 1.50-1.60?

>>28958915
you buy from an exchange, then send it to your wallet

>>28958633

i like the meme but you gotta keep pushing and get more creative sir we need ALGONAUT or ALGOMARINE memes, make them hilarious and memes that make people want to buy
also
algo explorer counts the non distributed interest coins I believe cmc counts only circulating

>>28958577
yes just buy and hold them in algo wallet on your phone or ledger to get max interest if the price goes up 10% you are effectively getting 60% apy on your money how do you not all understand this magic $$$

I believe we're going above $2 this week

>>28959066
ok, i got 200 algo, how much is the interest and how is it payed? user friendly my balls lel

>>28959013
because they injected a ton in circulating supply, big pump incoming

there is no reason this shouldnt be a top 15 top 10 coin,

ALGO IS THE ONLY CRYPTO TRUSTED TO LITERALLY RUN TETHER AND USDC

>>28959195
put it on ur wallet numb nuts and interest will accumulate automatically
>>28959185
if were lucky

REEEEEEEEEEEE AT WHICH RATE REEEEEEEEEEEEEEE

>>28959311
>>28959430
also, how do i sell? sorry i'm kinda new... thanks a lot fren

>>28958915
gotta buy from elsewhere and transfer it to the wallet

>>28955618
This thing is doing what XRP was supposed to do

>>28959519
when the time comes, you won't have to

>>28955618
May RNG bless this thread

Drop you little shit so I can buy more!

>>28959698
What do you mean bro

>>28960037
there is so much support at 130 its not even funny this is the new floor anon im so bullish on this shit

>>28955618
LETS FUCKING ALGOOOOO

>>28956539
ALGOCHAIN BROTHERS
Truly the best (and comfiest) holdings

>>28960168
I was hoping for it to hit 1.15 again and then I looked at the depth last night and it was a green mountain next to the angry ant hill. It's insane that they are maintaining this with the number of coins pumped into circulation.

>>28959519
You can move them to another wallet on an exchange such as coinbase or binance and sell them there. At least that's what i'm going to do

>>28960372
just bought that extra ALGO, debating if I dump the other 100 in chain or wait for an ALGO dip

the algochain army will rule the moon

>>28958160
sounds like everything I ever dreamed of

>>28960152

>>28956539
>>28960372
>>28960527
I'm also 50/50 in algo and link
easily the best alts to hold

>>28959311
Does it need to be connected to the internet or can I stick on my ledger?

1.6k ALGO here. Don’t forget, this is not a pump and dump. This is for the long haul.

>>28960679
nope it will accumulate on the ledger no internet needed its fucking magic bro

>>28957600
pls example triple figure Ay-Pepe-whY?

>>28960669
based thus spoke pepethustra

1.2k enough for suicide prevention if it moons? Tell me straight frens

>>28961092
you will want to rope because you fell for the small stack fund, the more you hold the more you wiull have in the future look into how compounding interest works with value increase

Algo is never reaching $2, sorry.

Screencap this.

>>28961092
5k suicide stack

>>28961304
you are retarded if you don’t think itl hit 2 this month

>>28961304
you're right, we are going right to 3

>>28961470
Don't you fucking call me retarded, you motherfucker. Fuck you. I swear to fuck if I knew where you lived I would make you regret it.

>>28961092
Sorry fren, as much as I love algo I don't see it going much higher than $100 at least in mid term (5-10 years). I'd go with at least a 5k stack if possible

>>28961304
I got a better cap from the other night

>>28958998
Except in all ways

>>28961576
wat u say to me u fuking shitty basterd

Every time I see discussions like this, I have to wonder -- so what is to stop ETH from just reaching a point this year where (((gas fees))) are in excess of $1000 or some shit?

>>28959111
I want to make us ALGO SPARTANS

ALGO SPARTANS PHALANX

>>28961776
THAT'S IT, FUCK YOU

Any other algosexuals ITT?

>>28961304
Imagine being this dumb lol. We're headed for $2 easy by EOM and at least $5 EOY depending on how the conditions of the broader crypto market. ALGO is one of the best projects in the market and a good long-term hold.

Algo is at its all time lows. NPCs just haven't figured that out yet

>>28961576
Sore spot. Buy algo and prove him wrong
I should know I'm a profresstional retard

>>28961848
shop it up anon we need memes

>>28961527
Yes sir
https://youtu.be/gcIeA2U4ttA

>>28961576
>Don't you fucking call me retarded, you motherfucker. Fuck you. I swear to fuck if I knew where you lived I would make you regret it.
What the fuck did you say to him you little bitch?

>>28962349
I'M COMING FOR YOU TOO

>>28961961
Unironically this
>Ico price is a 3x from here kek

>>28962411
baste class retard

Will eth 2.0 get rid of gas fees?

Guys, instead of sending 0 algos to ourselves to redeem apy in app we can send 0 to each other. Win-win.

>>28962566
why risk it? algo is ground up no gas feee

>>28962566
Imagine smart contracts not being included in level 1
Holding eth makes you a normie at this point

I was reading in a thread a couple days ago that some news will be coming out in March. Something about being able to lend your algo or borrow for usdc. Anyone know anything about that?

>>28961295
>look into how compounding interest works with value increase

1.2k @7.56% apy is 90 algos which is at current price 121.5$ but ie. 5k at the same apy (378algos) but @ 5$/algo is 1890$. Is this what you were referencing to?

>>28957790
pls be prepared for anything

>>28962926
exactly
>>28962865
yes on streams they were talking a lot about this

THEY ARE DUMPING COINS RN TO SUPPRESS PRICE this is going to blast off when the news comes

>Tax refund is going to carry me into a comfy 5k stack
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>28955618
400 stack - am i gonna make it?

>>28962411
What the fuck did you just fucking say about me, you little bitch? I'll have you know I graduated top of my class in the Link Marine Corps, and I've been involved in numerous secret raids on /biz/, and I have over $300 confirmed gains. I am trained in gorilla meme warfare and I'm the top thread sniper in the entire /biz/raeli defense force. You are nothing to me but just another target. I will wipe your gains the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the 4chinz and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your crypto wallet. You're fucking dead broke, kid. I can be anywhere, anytime, and I can exit scam you in over seven hundred ways, and that's just with my bare hands. Not only am I extensively trained in unarmed meme-war combat, but I have access to the entire arsenal of dank /biz/raeli memes and I will use them to their full extent to wipe your miserable ass off the face of this board, you little shit. If only you could have known what unholy retribution your little "clever" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You're fucking broke, kiddo.

>>28963153
how does a free beer (4$) a day sound EOY

>>28963308
sounds like it could be a lot better

>>28962566
This insane bullshit flaw is just part of the protocol unfortunately, new version or not.

20K algo's reporting in. Cannot wait for $5

>>28960168
Just bought 1k.

>>28963447
Baste big stack argonauts in ere

So comfy

The more we buy the longer we hold the more money are algos will be worth, then ion 5 years when we have megastacks, we can slowly cash out our interest and enjoy life witha comfy tendy allowance

>>28963615
nice anon hold on tight

>>28963084
Algo is so damn comfy! I missed the stream and can’t find any info on it.

>>28963765
look up algorand on youtube, they honestly were pretty vague, but considering all implications of the technology the news is going to be fantastic

>>28963372
Dont be too greedy tard.
Im only 500 Algo stacklet but whatever, better than 0 Algo.

>>28963846
I’m going to borrow against my algo stack and buy algo then borrow against that stack and buy algo.

>>28963846
they also mentioned they were currently talking to 16 (iirc) central governments

>>28955618
I didn't buy during the dip
1.7k so far, am I gonna make it?

i know this is the algo thread but is anyone serious aboug ENJIN? i got this in my 5 stack.

>>28956980
Coinbase taking like 2% from you lol

>>28963864
facts be humble be prepared

>>28963948
baste and saylor pilled


anons this could get to ethereum levels if the team plays thier cards rights and we do our best, this is a team effort and we need to push algo to the mainstream, we need to make memes and psot to ensure our future is comfy

think there'll be another big marketwide dump today so i can buy in?

>>28964252
accumulate and buy the dips anon, no big difference between 1.2 and 1.4, in 1-5 years or even one month

>>28964252
We've dumped since sunday, I highly doubt it.

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>28962654
>>28962797
yes I know algo is superior, but it's still an uphill battle, ethereum as you mentioned is basically as normie as btc at this point. So any eth killer will still be forced to compete and any new upgrades to the protocol mean less gains for algo

>>28963418
good to know

do i buy ALGO or AVAX?
i already have ADA

>>28964665
>it's still an uphill battle
I don't think so. The algo team has actual connections.

>>28964730
>avax

>>28964886
yeah fuck it, bought ALGO
lets see this MOON

>>28964860
I hope you're right,, 1.2k stack so far, need my tax return to hurry up so I can get closer to 5k before it hits $2

How risky is being algo right now? could it lose even more value?

>>28955618
ALGO or DOT?

>>28964860
Exactly don’t underestimate the Jew wop glower connections here

>>28965179
both

>>28965156
If you are holding long term doesn’t matter
If ur trying to swing just get a rope

>>28961848
Algonaut sounds better

Just started a $5k transfer from my Vanguard account so I can finally be above the 1 ALGO per day point. Only problem is it takes fucking centuries for Vanguard funds to go through.
Regardless, I will be very comfy.

How is Algo not a sure bet? What keeps me from going all in?

>>28962623
OP4BVFUJUZRQTMVFQ4OHDDOJZ7MORUPT6HISYV2QMVD3LVEJJ36WB5AXUY

Save me as Sleek

>>28965692
Welcome to the investors center

>>28965888
Trip god

>>28965755
its best bet under 50 MCAP
1 its crypto
2 its crypto

ALGONAUTS BUMP THIS SHIT

>>28964094
I actually am trying to turn my Enjin into Algo. I had to convert to BTC then send to another wallet and the BTC has been in limbo for 2 damn days. Asinine considering Algo takes 2 seconds to transfer.

So this will accumulate if I have it in my trustwallet? Sorry frens I just don't want to miss out I'm about to buy this dip

>>28956539
Fuck I thought I was the only algolinker around

Guys should i dump something for more ALGO?? i dont think i have enough..

>>28961037
also sprach apustaja

>>28955618
I think my prediction yesterday was close to what I expected, ALGO is back to pre-pump ALGO. We've finally liquidated supply around the 1.30-1.40 mark. Unfortunately, an even greater price wall seen around 1.40. Once 1.40 is breached, the next walls to watch out for is 1.475, 1.50, and a huge wall at 1.55 due to the pump and dump on 2/12. Smooth sailing though lots of supply from the dump still being liquidated, so hodl tight, and stay stronk, we're back on track.

>>28967807
your portfolio is waaay too diversified. find 1 or 2 coins.

>>28967843
Will Algo dump a bunch in circulation again between now and $2?

>>28967843
i think you are mostly right, stormy seas are behind us

Niggers where the fuck do I put my algo to get returns

>>28968347
algo wallet

>>28968347
Official algo wallet, highest apy.

To the people saying:
>The supply of ALGOs was raised
Why? and How? How can I know or better predict when this will happen again? Need a quick (or not so quick) rundown.
t. $1.7 buyer

brehs this thing is going to 200 dollars this cycle

>>28967807
Drop BTC, might give you shitty 2x this cycle.

>>28968406
>>28968483
Thanks anons

algonauts, channel your energy so we go back to $.10

we must grow our stacks

>>28968739
>10 billion max supply
>200 dollars
u do the maths

>>28966688
Mcap is 100x what you said, it's not under 50m, it's over 5 000m!

>>28968512
It happens whenever the price goes too far past the 20 week EMA

6k here... Will i make it at some point in the future?

>>28969545
how does all your meals per day comped by algo interest sound?

>>28969729
pretty shit to be honest

>>28969861
AHAHAHAHAHAH

>>28969861
It's cool. I only get 1.5 ALGO a day anyway, broskiheimer

>>28961576
Wow what an opposite reaction from what mine would have been.
I go out of my way to get called retarded.
Would you like a hug or maybe a jelly bean?

>tfw 100 algos a month in interest

>>28964033
They will know

Crab man!!!!

>>28967987
I hate to admit it but it's highly likely in the future if ALGO should pump too fast again. ALGO has the goal of being a highly liquid asset to be the proper bridge between crypto and fiat, ff the value would skyrocket too fast, adoption would be hindered hurting ALGO's future as right now, ALGO needs to network first. Not only that but ALGO was set to be an inflationary model until the 10B circulating cap. Until then, expect ALGO to hold a solid but steadily rising value. You don't pump and dump ALGO or ALGO will punish you, ALGO is the tank class of the crypto market. The good news is that with a high volume and circulating supply, ALGO should be resistant to pump and dumps in the future.

FACEBOOK TRIED TO BUY ALGORAND HOLY FUCKING SHIT

>>28967807
Everything that's not GRT put in ALGO.

>>28970385
The hell? That's like a 500k stack of algo's. A whale that large can fuck the order book since volume per hour is like 1-2M ALGOs

>>28970855
I AM THIS FUCKING CLOSE TO DUMPING MY ENTIRE SAVINGS ON ALGO. WAS GONNA DIVERSIFY MY SHIT UNTIL THIS POST

WHAT DO I DO?

>>28971093
I think you can get ~100/month with 20k

>>28971093
anon, thats only 17k algos, you can do it too

>>28971257
>>28971260
seriously? I fudged the math, holy shit is compound interest powerful.

sold some BTC and now my baby stack has grown to 250 ALGO

>>28971357
yes anon
look up ben franklin and compound interest\

Benjamin Franklin provides us with an actual rather than a hypothetical case. When Franklin died in 1790, he left a gift of $5,000 to each of his two favorite cities, Boston and Philadelphia. He stipulated that the money was to be invested and could be paid out at two specific dates, the first 100 years and the second 200 years after the date of the gift. After 100 years, each city was allowed to withdraw $500,000 for public works projects. After 200 years, in 1991, they received the balance—which had compounded to approximately $20 million for each city. Franklin’s example teaches all of us, in a dramatic way, the power of compounding. As Franklin himself liked to describe the benefits of compounding, “Money makes money. And the money that money makes, makes money”

>boss battle music starts playing
That was fast, we're at the 1.40 price wall boss battle already. Give me some boss battle theme music.
Here's mine
https://youtu.be/gpfvOvkO9rI

>there are people who didn't buy the 1.25 dip

"Boston has always prided itself that it compounded the money wisely. Philadelphia has always had an inferiority complex because it didn’t,” said Bruce Yenawine, a Syracuse University Ph.D. candidate in history who has spent years researching the Franklin funds in both cities. “But Boston decided to minimize risks and maximize proceeds. Philadelphia, on the other hand, focused on the other side of Franklin’s instructions by loaning the money to individuals. I think that’s more in keeping with what Franklin wanted.”

Franklin stipulated that the 1,000 pounds (the equivalent of $4,444) be invested and used to provide low-interest loans to “married tradesmen under the age of 26” to get them started in business. Over the 200-year life of the trust, money from the Philadelphia fund was loaned to hundreds of individuals, mostly for home mortgages during the last 50 years. Boston, meanwhile, invested the bulk of the money in a trust fund that Yenawine describes as “a savings company for the rich.”

>>28971643
https://www.youtube.com/watch?v=-r679Hhs9Zs

>>28971648
>there are people who didnt buy the 1.38 dip

>>28971601
That's a wonderful example! I only know that compound interest is powerful because T time is an exponent in the formula, so with time money will grow exponentially. It's ridiculous, requires a stupid of time but it's exponential and exponentials in mathematical graph theory are parabolic.

3150 stacklet. going to buy more Friday frens.

KEEP IT LOW DAMN YOU MY TAX RETURN ISN'T HERE YET
COME ON I ONLY HAVE LIKE 35 ALGO SO FAR AHHHHHH

Think in terms of opportunity cost. Think of every dollar you spend as the amount it could grow into by the time you retire. Ben Franklin famously advised, “A penny saved is a penny earned.” He was right but not entirely right. The Rule of 72 shows why. If you save money and invest it at, say, a 7 percent average annual return, $1 saved today becomes $2 in about 10 years, $4 in 20 years, and $8 in 30 years, and so on and on, inevitably growing. So the dollar a young person spends on some nonessential today would mean that $10 or more will be given up in retirement.

>>28971938
hey anon thats not bad, when your getting algos every day YGMI

>>28972226
>Think in terms of opportunity cost
Exactly why I invested into ALGO before it was a dollar, it was too big of an opportunity to not invest. Even above a dollar, it's a good investment IMO.
>Rule of 72
Thanks, I'm still new to all this and needed a name drop to learn more. Lots of good formulas I'm seeing from my initial search.

>>28972855
72 /(Your interest rate) thats when you get your money back, classic rule of finance

Bump

>>28955618
is it better to keep on cuckbase or the official wallet which is 6% vs 8%? cuckbase def has a more satisfying live counter of rewards...

Can someone explain the half a billion new tokens in circulation suddenly? I thought the auction was next month. I actually thought it would dump even more

>>28970838
So you should sell after every pump, cos gash darn, thye are going to bring it down so you can buy back again

>>28973896
Algo wallet nigga holy shit do you know what that 2% compounded over 10 years could be??????

>>28973896
Is there anything more cucked than keeping your algo on coinbase? Not only do they steal 2% of your algo, they also sell it back on the market and lower the price.

>>28973949
AND THE PRICE HASNT MOVED AT ALL

>>28955618
>be retard retired grunt, trying to make uncle sam buckeroos grow
>do the BTC/ETH/LINK thing, make some crazy gains
>play with other cryptos, no intel, just using muh gut and retard senses
>Algo becomes my favorite coin cause it's gives the highest APY, and I like to watch the lil ticker go up
>got in at around .15 for small stack(dropped a fe hundred)
>it goes up and does well, I still like the lil ticker buy a few more hundred at .43
>it hits .70 and I'm now making bragging gains, I like a proper retard buy high like a king, and transfer lesser shit coins to it because I didn't know that was a taxable event yet lol


My tard gut say algo good, I buy 300 more now. you no have tard gut? I feel bad, you no make it.

>>28973949
Pump and dumps kill coins so the devs injected 500M to save it by tanking the value short term by initiating a panic sell instead of tanking the value completely. It's an inflationary coin anyway with a circulating cap of 10B, the more they do this, the faster we hit 10B circulating cap and really skyrocket the value. I don't think it'll be valued all that high in the end though, it's a high volume coin, 10B circulating supply with a $100 per ALGO price would $1T mcap, the only way ALGO is going to get that kind of mcap will be taking over the transaction merchants like visa and mastercard completely and becoming the financial processing backbone of the world, a little unlikely in the short term.

>>28973964
>>28973964
>mfw try practice profit from the pump and dumping
>suddenly moons
no thanks, I'm comfy intensifying by 7% instead of pump and dumping, I'll do it to other shitcoins though

Hey frens, I just started trading a few days ago after having dabbled a bit on crypto in 2017. I did my research on these coins and I really liked them as long term investments (algo and hbar), and one that i think could moon soonish (amp). What do you guys think about my little stacks? I know i shouldn’t diversify so much early on with so little money but i just kinda wanted to dip my toes to see what its like, I’ll be trying to invest $100 a week until i can manage to earn more per hour at my job soon, then i can invest more per week

>>28973949
It looks like a dev responded to this on reddit (1st comment)
https://www.reddit.com/r/AlgorandOfficial/comments/llczk9/did_they_put_another_100m_into_circulation/?utm_source=share&utm_medium=web2x&context=3

>>28955618
what are the upsides of this compared to DOT?

>>28974303
Rah brother, I was a crayon eater too but a POG think machine and I also see huge value in this. All those years being treated like shit in service will pay off brother. This is the glow in the dark coin.

>>28974561
look up iso 20022

>>28974561
this coin also glows hard af

>>28974628

Hell yeah, be sure to spread the word to solid grunts, and help them figure this shit out. I've helped a bunch, gotta keep those daily suicide counts down.

>>28975210
ur pic made me die laughing mate

>>28971643
FUCK HER UP YOOOOO

>>28974459
Atleast put that XLM into something.
Lummens are shit plus whole 18.7 of them? Whew...

solid support being build behind 1.39, we're talking on the 1.40 price wall head on but not enough demand to take it down, still 250K algos at the wall and not enough demand to breach, good support at 1.385

>>28975905
>t. still holding XRP

>>28976011
these are really good signals on whats to come, my bags are loaded so im ready but dont be afraid if we test some of the lower numbers again before we go higher

I like algo threads. All kinda of smarties in them

>>28976011
Where do you see this info?

>>28975905
I got the xlm from watching coinbase videos, but I’ll probably just transfer those to more algorand

>>28974459
I don't know much about amp but the others are solid picks. be careful about people who will response shilling their street shitter coins

>>28976177
corrections are always needed to shake weak hands and PnDers

Official Algorand Foundation response to the post "Did they circulate another 100 million?"

>>28976013
Yeah and also XLM, but that doesnt mean I cant FUD it.
Bought XRP @0.25, so Im not mad, but its literal shitcoin as much as XLM.
Algo though...oh my, tasty.

>>28976011
Love your posts anon, do continue.

>>28976231
depth charts on any trade platform mate

>>28976231
I'm using pro.coinbase.com but all the other "pro" trading markets offer more graphs and information

>>28974474
I know some hate this, but I really prefer this. Because they're using up foundation supplies to help us accumulate. And this is a real long term growth project, so the best thing you can do is just keep dumping more into it while the price is low. And despite their massive dumping in price, I am still above my relatively recent and high buy in

>>28976343
AMP is a collateral token which allows you to buy things at Menards or Baskin Robins with cyrpto instantly. Powered by the Flexa network or something. I think AMP will be a big deal soon, it's actually in use at 40,000 stores in the US and Canada. When you see people posting receipts saying they bought something with crypto that's how, and the cashier will usually have to accept payment as a gift card and the Gemini or SpeedN app will give you a gift card number and will convert your cyrpto to cash eventually but use the AMP tokens as collateral or something. I just read about it today can't remember everything. Got a 150,000 bag of AMP because I like the stock.

>>28976350
so true, i love watching the charts myself, our lil algo stock is very bullish when it bounces back, you have to be pretty dumb to dump it during a pump you get paid interest at a higher rate if you just hold through the dip its amazing

>>28976605
>our lil algo stock is very bullish when it bounces back
truth, algo has insane buy power when algo bounces back

>>28964105
yeah but it's nice for retards :) like me :)

>>28956980
Is that goybase? real APY with ALGO wallet is 8%

>>28956757
this is the meme that originally made me buy algo at 30 cents

>>28955618
some of you seem to have an idea of what to expect. others calling this a scam or a shitcoin... oh boy.

>>28975584

No prob my dude,
boofs and gains all around!
that's my platform
gainstard 2024

1.40! BUILD SUPPORT ASAP

By far the comfiest threads on /biz/

>>28976984

It's a cozy coin.

>>28971648
>saw the dip to 1.20 live, but didn't pull the trigger

I'd like my highest position at 1.395 to be well in the rear view mirror by eod. Also transferred another few hundred to my algo wallet. All hail the deep state coin. I'm hodling

>>28976343
Thanks anon, my main goal really isnt to hit a coin that’ll 10x in the next week, I just want a long term investment I can just keep adding to for a while and then forget about for a few years. Algo seems to fill that requirement nicely, hoping to get $1000 in on it within a month for more comfy gains in the long run before the price rises more.

>>28977168

Bought more at 1.7, then bought more at 1.2, I dont even give a fuck anymore. I'm diamond handing this for a while, so these hiccups dont matter.
Algo apy go brrrrrrrr either way, I really like watching that ticker go up
Like way more than I should
I just watch it sometimes
Family thinks I'm working
but I'm actually making more money watching a lil ticker go up, than I ever did as a grunt doing a super hard/stressfull tech job on a plane and not smoking boofs

Life really strange when you think about it
>smok boofs

>>28977168
Already threw everything I had into it. I wanted to buy more dips but I'm already all in ALGO

>>28977378
Thats great. Well if its any assurance, I'm not going to sell any Algo this bull run. Its one of my largest long term holdings.

>>28977168
Hey its okay anon
I bought the dip at 1.35 and thought I was a genuis for timing the bottom. It dipped to 1.20 after that, still held comfy, and quite happy even with my buy in

you guys are great so I'll ask here; should I also get NU? need one more coin to complete my HODL portfolio

>>28976187
Fellow retard here. At least we’re able to recognize intelligence in others, so that’s something

frens, I just learned the compounding is not automatic in the algo wallet unless you make a transaction to update the rewards balance in the blockchain. CB compounds daily automatically but skims 1-2% off for their own cut. I'm torn, update daily or leave on CB for the aesthetic counter and lazy auto compounding

my lil algo stocks algoin up

>>28978703
It is automatic on the wallet too it just doesn’t update the display. Pretty sure

>>28978842
Then why would Algorand explicitly note that in their documentation?

>>28978842
it's not, send 0.0000 algo to yourself to compound

>>28978503

$ATOM and $TEZOS are neet too, but not as neet as $ALGO

WHY IS IT CRABBING SO HARD
DILUTED IS A MEME THEY SAID
$2 THEY SAID

>>28977681
Same here, just gonna accumulate for the long run. I made the mistake of selling my $100 hold of chainlink in ~2017/2018 when it was just a few cents per coin, didn’t think it was going anywhere, but granted i was still in highschool (not underaged b&) so I just wanted to have $100 in my pockets instead of on some stock i knew little about. Not gonna make that mistake again this time though.

>>28979031
How often do I need to do this?

Is it time to erase the daily gains?

>>28955855

Thanks anon,

Nothing makes me harder than actual information regarding my investments in pdf form.

Comfy earning around 9 algo a day. Long term hodl.

>>28979925
fuck anon jelly as fuck of that algo stack

>>28979925
steak'd in.

>>28979925
>make barely 0.1 Algo a day

>>28979925
Damn I thought I was hot shit gaining a little over 1 a day

>>28979561
cos it gives you a opportunity to buy more

>>28980106
Just keep accumulating anon. This is one of the best projects out there and in around 2 months it will take off.

>>28979031
Can I send 0 from my algo wallet to the same algo wallet? There's no fee associated with this right? And this will just compound it daily?

>>28980332
The fee is .001

I sold all of my ALGO because someone was mean to me in an ALGO thread yesterday :'(

>>28976359
Did any of your retards read this? I'm spoon feeding you more reasons to trust the project. Please save this and post it whenever there's FUD.
The official Algorand explanation for the dumping of coins. Short answer, that didn't happen. Coins were distributed but it was all planned, it was more of a MCAP listing error I think. Reddit actually finding information while we circle jerk around disinformation.

>>28980652
Hmmm do I bite the bullet? I guess I should just do it once a day, the compounding is worth "losing" .0365 algo over 1 year

>>28981230
Of course it is.

5 days in a row of algo getting its face smashed in, lets see if we can go for another 5 years!

>>28981136
that image is pretty tiny, see if you can make it bigger and easier to read

>>28980911
you don't deserve to make it retard

>>28981318
ngmi

>>28981366
I wish I were cool and badass like you, I bet you have a giant cock and I like the way you talk

>>28981463
ami

>>28958998
It doesnt need to, ETH already beats itself to pulp

>>28981329

1 of 2

All,

To clarify a number of points made in this thread and to provide some insight.

The Foundation does not tactically "release" Algo into supply to dampen price fluctuations or to alter the impact of the market. The value of the Algo is entirely driven by market dynamics.

The long term, planned distribution of Algo into the market is laid out clearly here: https://algorand.foundation/the-algo/algo-dynamics

As you can see from this page, there is a clear plan for the distribution of Algo into the community based on a number of mechanisms. These mechanisms include participation rewards, early backer program, funding for grants. Over the course of this year, the base plan for Algo diffusion into the community is approx. 400M to 500M Algo for the year. There is a condition that may accelerate this (see pt. 5).

The distribution of participation rewards and early backer program vesting is daily and so every day the supply increases.

>>28982071
2 of 2

There has been an acceleration of the daily early back program vesting, in line with the rules of the early backer program - this is based on 30 day rolling average exceeding a high water mark, and then continuing the next day or not, depending on whether the 30 day rolling average is above or below the new high water mark. This doesn't increase the size of the total vesting to this group, it merely accelerates the vesting. This is done on a daily basis.

There is no single 100M Algo diffusion activity that has occurred this year. It would be my suspicion, that the team at algoexplorer.io may have realized that they were miscounting a number of wallets or another technical item, and in fixing this error or update, their calculation for supply corrected by this amount.

This year, there are 2 planned 50M Algo distributions planned to members of the 200M Staking Program. Once in March and a final 50M in September. These are contained in diffusion plan mentioned earlier.

To be clear, without these mechanisms, there would be no Algo diffusion into the community and the Algo would not be a fully decentralized token. So the long term Algo dynamics lays out a clear path to this full decentralization of the Algo by 2030.

I hope this is helpful.

Steve

Added

A follow-on to the above - the team at the Foundation is working with our block explorer partners and the big 3 research sites (Messari, CoinMarketCap and CoinGecko) to improve the accuracy, timeliness and consistency of the data reported by these sources. Today there are a number of inconsistencies across these data sources that leads to confusion in the calculation of supply and tracking metrics such Market Cap, etc. We hope to enable better real-time data to the research sites to improve the accuracy there

>>28982165
lets see if this is more manageable and useable

>>28979561
The pump a few days ago caused an abundance of supply that we're still liquidating. It's a miracle we're even back on track so fast considering the shit show of how fast things crashed during the panic sell. Algo is slow and comfy, by the words of Algorand Cain, stay a while and accumulate.

You want to be a loving Algo community right anon?

Is it worth getting Algo if I'm a poorfag who can't buy many? The large marketcap seems to indicate that it isn't going to moon in value

>>28983528
it won't be worth it short term probably. But long term it could be worth having a small bag if this thing goes parabolic.

HOW MANY ALGOS HAVE U STACKED

501 HERE

>>28981634

I wish you learned to hustle as hard as you hate
you pizza poopoopeepee

>>28975210
grunts reporting in.
>too dumb not to enlist
>not too dumb to use my disability on algo

Should I take some of my BTC profit today and put it in ALGO? I’ve only made $70 today

>>28984183

Are you me? if so I'm passing you the boof, good buddy.

>>28984014
2.1k

>>28984014
900ish

>>28984298
Invest more into ALGO with cash.
Transferring coins is taxable event.
Investiing more is better anyway, just eat in a few times this week, fitire you will thank you for not jacking the cash away for nothing and instead planning for a cozy future.

but ALGO will make more than BTC from this current point, given you had $1000 = in both ALGO and BTC, the ALGO would make more, by allot. Earlier position.
BTC is solid though, gonna hit like 500k by year end, atleast. Algo will just be better(helped by BTC success).

>>28969339
TWO TRILLION DOLLARS

>>28972074
good luck im still waiting on my 2019 returns

>>28984311
czeched and amberpilled.
not you, but will gladly accept the boof and the friendly vibes. wgmi.

>>28984636
so if i convert using coinbase i have to report that?

>>28971643
https://www.youtube.com/watch?v=Tug9a0X-mM4

Ordering pizza who's in

>>28984311
check the last three digits on that post number and give a big rah

>>28957600
>triple figure apy
Yeah but you run the risk of losing your assets and the rates are highly unstable combined with a shitcoin that's basically worthless in itself

>>28980911
hahahahaha that was dumb. welcome to the internet.

>>28984893
supreme large pizza please fren

>>28974459
Not sure about HBAR myself, i've got just under 1000 myself, but only in case they pump and I can put the profits into ALGO, but i'm sorely tempted just to say fuck it and do it anyway. Then again, learning patience is key here, and I fucking know that 5 minutes after I sell HBAR it's going up to $2 per coin.

>>28984863
also wanna know

>>28984014
got another 1.2k coins to transfer off soon to add to my wallet

>>28984014
10k

>>28984863
Yup. Coinbase keeps track of it for you, and gives you an itemized list(both a pdf one, or a tax program compatible one). If you did it allot you'll have many pages.
If it's a manageable stack just plug it into turbotax or something yourself, if it's too complicated, go to a professional to have your stuff done.
Also if you transfer or use a coin down from your buy position I think you can count it as a loss too.
Again, if you're not sure about how the taxes for you go, get help, accountants dont cost that much, only good ones cost that much , your easy shit probably can be done by a pretty meh one kek.

Look into it
https://www.coinbase.com/learn/tips-and-tutorials/crypto-and-bitcoin-taxes-US

>>28985677
nice bag

>>28985406
you dont ahve to report shit until you send it to your bank and dont let any jew tell you otherwise.

This should be the official \biz\ coin and not trash like LINK and RBC.

Other bags worth holding:
XMR
NANO
LTO
PRQ

>>28985794
>taxes
GTFO glowy

>>28984893
Top tier OC fren

How do you guys put in it daily? I bought a decent chunk at the dip yesterday and now I wanna keep goinf

>>28985794
thanks for the heads up. lucky for me i didnt do anything but buy and hold. I treated crypto as a savings account and never really looked at it till recently.

>>28985794
holy shit, I am so glad I live in eastern yurop

>>28958633
All 2020-21 crypto memes are low effort trash and are indistinguishable from the shit that pajeets post in their pnd threads. You could replace those coins with literally anything and it would make as much sense. Make something original based around the coin. OG LINK memes shit all over the garbage that is being produced now.

>>28985948
>nano
Literally the shittiest of shitcoins. Go the fuck back

>>28961092
5K

>>28961598
>algo
>$100
This is a best case scenario, and it assumes Algorand is not only successful, but completely beats out all other competition and controls the entire market, also assuming that all financial transactions switch completely over to using blockchain

>>28961620
lol thats me in the cap. I do hope it stays above 1 and hits 2 but i dont think it will happen.

just bought some more bags for /ourcoin/ lesgo

>>28982165
>o the long term Algo dynamics lays out a clear path to this full decentralization of the Algo by 2030
So we have 8 years to sell before the rug gets pulled out from under us or the tech becomes outdated. got it

>>28962623
Elaborate on why I'd want to even consider this.

Does the Jellyswap ETH bridge work? My MetaMask wallet is connected and it seems like I can swap ETH for Algo, interested to see what the fees are like... if it's typical ETH fees (i.e. ~$100) then I'm not buying shit

TIME FOR THE NIGHTLY -20%

LETS GO BOYS

I have about 2700 ALGO and 400 XLM. Should I keep the XLM or convert to ALGO? Going for the looooong HODLS

>>28987180
Nah I’d hold XLM, I’m trying to get 1k each

>>28986428
Every single 7 figure portfolio I see on here has NANO, they must know something we don't.

zoom out