/biz/ - Business & Finance

>>29590178
WHere the fuck is my price action?

>>29590178
Can we talk about the bot problem. I see more activity on this piece of shit than almost any other coin. Swingies need to get the rope

>>29590178
this is pretty bullish desu

>>29592578
Is it bots or just idiots using regular coinbase

>>29594480
Don’t know, does coinbase pro only track transactions that happen on coinbase or is it across the whole blockchain?

>>29592578
I've been swinging for a couple days when activity goes up. I started with 9000 Algos with the goal of swinging up to 10k and moving to the wallet. I've been getting 100 Algos per swing trade on Coinbase Pro. It's so risky because I get so pissed off when I miss the chance and go down in Algos. And it's $10 per trade and I've done like 20 of them. But now I have almost 11,000 Algos and might quit. I also keep the BTC window up and watch exactly what it does and Algo will move accordingly within seconds. If BTC does a big drop I sell right away. In theory I could do this until 20k stack. The EMA lines have been speaking to me. Asian chicks are so hot.

>>29594975
Life in the fast lane

>>29590178

shill me on this shit coin

>>29597173
you buy, it goes down in value.
>BUT MUH HOLD REWARDS
kys

>>29590178

>>29594800
I was more thinking that coinbase and coinbase pro shared the same orderbook? I could be wrong, they do show up as a different exchange on coinmarketcap AND you have to transfer your coins between them both, I don't fuckin kno

>>29598574
Fuck it sucks being retarded, gonna kms if this thing doesn’t hit $2 soon

>>29598574

>>29594800
gdax only shows what is moving through gdax.
https://pro.coinbase.com/trade/BTC-USD

not all the exchanges.

>>29598574
yes. their exchange for cb cbpro is called "gdax"
look it up.
it's literally cb.cbpro.

Swingers, isn't it a fucking pain in the ass to keep track of all those transactions for taxes?

>>29594975
I'm doing the same. Waiting on a pullback to 80c to fill up 25K bags

>>29602311
I'm so screwed for day trade taxes. After this year I'm going to just hold everything for 10 years but I'm not confident yet in my placements to lock it all away yet. Leaning towards big real world projects with big connections.

Based lad who sold 4 days ago here, I just rebought.

>>29590178
ALGO is gonna swoop on all sorts of institutional and government contracts and normies will be like "wtf is ALGO"
iykyk

>>29604198
nice moves...
thats buying the dip!

steak time.

>>29604367
Yeah, 30% increase in my stack.

>>29590178
Please people stop buying this coin so it stops decreasing in value.

Waiting for 0.5

>>29605421
There's a lot of people lined up to make sure that doesn't happen right now.

guys... is this a 10B market cap coin?

>>29598574
Space Booty Boss Checking in.
This needs 25k and 50k levels though...

>>29606726
more like 18 trillion since it's basically what will power the FedCoin.

>>29590178
1 post no link.
Welp, there ya go.

IYKYK $15 EOY.

>>29606726
Circulating Supply = 4,502,654,367.98

>>29590178
So wut dis shiet means for mys algorends?

>>29604236
Its perfect time to buy. No plip on a radar on normies side yet.

>>29607331
HOLY SHIT A .TXT FILE NOW I BELIEVE EVERYTHING BRB MORTGAGING MY HOUSE

jk kys

>buy algo
>lose all my money

Ah yes, truly this is the future.

>>29607857
There is zero blacks in ALGO

>>29608283
Its their patents you absolut fucking retard

>>29608530
okay so algorand holds the patent for all computer apps for blockchain based platforms good to know roflmao braintard

back up to my 5 a day stack bros

>>29607857
Nothing since tether and usdc were on it for months now

>>29608434
Kekd

>>29591725
Not until the accelerated vetting reserves run dry. If algo can hold its value even after the reserves keep autoinjecting to artificially lower the price, then when the reserves run dry algo will moon so hard and fast anyone not holding a bag will be left behind

When will it dip below $1

>>29610019
How much do they have left?

>>29610019
Can this hit $100, or even $1,000?

>>29610327
about 1.5B left I believe. So currently with the circulating supply plus the reserves, we're at 6B. Only 4B left until we hit supply cap. Vesting reserves was supposed to last until 2024 but demand has initiated the acceleration process which pushed the end of reserves down to 2023. If demand can hold then reserves could deplete sooner but until then, don't expect radical increases in value.

>>29610507
It will one day reach BTC's price.

>>29608763
How much do you have? ~35k?

>>29610507
That depends, let's be optimistic and say ALGO hits the mcap of BTC's 1T. That would value ALGO at 100$ a coin, if the mcap could hit 10T then that's 1000$. Very optimistic views but not entirely impossible because if Algo can take the spotlight of the primary merchant processor of the world (VISA and MasterCard) then Algo could easily hit trillions in mcap and Algo is aiming at Visa and MasterCard but don't expect these results to start showing until after 2023 when the Federal Reserve completes their transition into ISO 20022.

>>29610584
It's quite possible since Algo isn't aiming at BTC, they're aiming at Visa and MasterCard and Algo currently has the tech to obliterate the capabilities of both. What's important now is transitioning the current financial systems into the future standard, ISO 20022.

>>29610712
~25k is 5 a day

>>29610914
A fellow DYORer. Yes, I think even by 2022 we'll start seeing significant moves as the adoption gets into the MSM.

>>29611124
If demand can stick to 70% buy ratio by 2022 then I could definitely see the reserves running dry by then and value skyrocketing.

>>29610584
Maybe in 3021

>>29610584
I have over 8k Algo that I purchased because of the "glowies know" poster on a Laotian rice farming forum, which means that I would be sitting on over $400 million potentially.

>>29590178
I'm curious. So Algorand has a good blockchain tech but you don't need coins to run a blockchain so what the actual fuck do the algo coins do?

Waiting for 0.5

>>29611959
Uhhhhhh

>>29611959
Just sold my 6k stack, thanks