/biz/ - Business & Finance

if the dollar collapses then 10 trillion dollars per coin
but one coin will buy you a whole meal at mcd

1.00

1.08 algos

>>29643485
how does $1.05 eoy sound

>>29643485
$1
It's supposed to be used

$1.38

>>29643485
How does 4 quarters sound?

>>29643831
>>29643924
>>29643936
>>29643949
>>29643985
Why do you fags think it's going to be 1 dollar when it's ATH so far is nearly $2?

>>29644081
BECAUSE ITS SUPPOSED TO BE USED AS CURRENCY

Jesus fucking christ, does no one read white papers any more?

>>29644081
>ATH NEARLY $2.00 guise!

>price hits $1.25
>ALGO Foundation™ dumps 100MM coins into circulation
>price drops to $1.00
>....
>price hits $1.30
>ALGO Foundation™ dumps 100MM coins in
>price crabs to $1.00
>repeat
ATH GUISE ATH $2 THEY WOULDNT SCREW US RIGHT???
cope

How does ten dimes sound?

>>29644232
YES DO NOT BUY ALGORAND WANTS TO KEEP ITS PRICE LOW SO YOU DONT BUY, DONT BUY GUYS EVEN THO THIS THING WENT FROM 20 CENT TO 1,80$ IN A COUPLE WEEKS ITS NOT A GOOD BUY CAUSE REASONS YA KNOW, PLEAAAASE DO NOT BUY ! DO !!! NOT!!!!! BUY!!!!!!!!!!

>>29644209
lol no. They just want people to spoonfeed them. It's a long term hold. Not sexy around here. It's also a perfect 3rd or 4th in a reasonable portfolio. This is not the coin for suicide stacks and autistic chart masturbators.

>>29644439
2billion algo already in supply, more than half owned by the devs, and even more owned by "early stakers" who get rewards on top of their apy goytrap. You really think this coin was designed for you to make money with your shitty 1k stack? grow up

>>29644638
see >>29644439


starting to smell like curry in here hmm

>>29644717
not an argument, swingies love this coin because the fluctuation is so obvious. I don't need fud to get this stablecoin down below $1 for a few minutes each day

0.30

>>29644771
>i dont need to fud this
>continues to fud 24/7 with malding instareplies

yep, im buying here. thanks benchode! (watch him reply to this)

>>29644717
My guy, no pajeet needs to fud this shitcoin. Go read the charts and then read the white papers. It’s literally meant to be a stable coin, no fud.

Better luck next time, hope you enjoy your $5 gains per year on your 7% apy that’s dropping weekly.

>>29644880
yeah good for you, just be sure to buy under $1 or your 7% apy will just go towards paying off your losses. Read up on the way this coin is handled, or don't retard. It's a good project but it's not meant to make you or me any money

thank you for making me buy benchodes, telling all my friends

>>29645543
>goes on algo rewards calculator to check if apy is actually dropping
>finds out it really is
>cries in retard because he bought in at $1.40 thinking he bought the dip
>proceeds to take a picture of rewards calculator that proved the apy is actually dropping

cope is a helluva drug.

>>29644209
not sure if uninformed or just retarded.

>>29644996
and please enlighten me on your massive knowledge on the white paper, literally nothing indicates what you're saying is true.

>>29646439
educate us then frendo

>>29647041
no, you're the one fudding this /comfy/ thread. show where the fuck it states that this is supposed to be a stablecoin

>>29646276
? its the amount of weekly earning on the bag i bought but keep talking autismo lol

>>29647261
take a pic of your wallet then, not the calculator lmao. don't gotta flex your bag of stable coins my guy, we're all friends here

>>29643831
is the answer is this btw.
The way you should think of it (because it's the way I think of it) is that when it's lower than $1 you buy some, when it's over $1 you sell some.
This is the meme strategy that will hook the newbs on to the algo chain and wallet. (hey Stacey did you know algo wallet can accept USDC aswell?)
The foundation is full of people looking to make some IRL profits, not just paper profits. So expect there to be sell offs over $1.20. Normalfaggots go haywire when they see they can realize a 20% profit and the sell sum immediately.

You should think of Algo as the normie blockchain, and no you will not get rich from hording ALGO, unless we are talking five years from now minimum.
So if you can't wait five years you should not think of ALGO as a big winner as an investment.
But as a blockchain that currently has all the essentials in a highly produced consoomer frendly package, nothing beats Algorand. nothing!

>>29647171
I specifically said "pseudo" and for this specificity I will defend it as a such.
Your problem is that you don't understand the kind of people behind this foundation, and you can't read between the lines.
So explain to me how I can be someone supporting ALGO and Algorand Foundation and still fudding it?
Do you really expect this to go to $2 - 5 in the next few moths?

>>29647633
what about Cardano?

>>29647831
>Cardano?
It's going to be a matter of at least these two main things in the next few months:
1. Normalfaggot accessibility. It has got to be possible for your ant and uncle to setup the wallet and to convert or accept some crypto.
2. Developer hand holding and other personal benefits. The blockchain foundations need to win the battle of having the best applications. Algorand is doing it differently afaik but could be wrong. They went with an assembly based language which is harder than Ethereum's language, BUT algo has a python compiler/converter already for you (the benefits of having a giant foundation supporting the ecosystem's subsequent developers)
I don't know much about Cardano other than it uses Haskell.

>>29648208
my point is algo's blockchain is available for python "coders" to build smart contracts.
I don't think there is an other chain that allows for such easy python smart contract engineering solutions.
Python is the most popular language right now if you didn't know.
inb4 /g/ talking shit to me

>>29647804
Are you implying that anyone in here expects this to moon and dump? Its not that type of fucking coin. BUT NOR IS IT A STABLECOIN.

With that kinda logic everything that's not a PnD token is by your definition a pseudo-stablecoin.