/biz/ - Business & Finance

>>29708675
I've used it before, but I'm a poorfag with only a couple hundred ALGOs. I like the steak.

>>29708675
Fucking hate this piece of shit, moon already nigger

>>29709044
Same, but plan to buy more. Hoping for a big drop. I went to test it, but it said I have to send at least 0.01, I thought you can just send 0. Also, I have none in there just yet, want to get an opinion and information first.

>>29708675
Automatically does the 7% daily but you need to make a transaction for it to compound.

Yes, I have it and it gives you rewards every 6 minutes or so. It doesn't compound though, so you have to do the math to see when you should update your wallet value as it costs 0.01 algo to update

Need to go to bed. Moved all my BTC into algo for the night. Can't watch the tumble while I sleep

>>29709221
I saw someone yesterday talking about the equation to figure out the best time to compound, but I didn't save it. Do you remember it?

>>29709186
Why contribute when you have no idea what you are talking about? You can send 0 and it costs 0.001

>>29708675
The current APY is 6.97 but yeah.
this is really kind of a shitcoin though, a high dividend ETF gives you the same or better gains without the risk of whales shitting all over you, token dumps, and all that.
I guess in 10 years Algo could be worth 10$ USD per algo, that would be nice, but there are coins right now that could earn you 10x in a week.
Just seems like a weird thing to hodl, the type of coin someone buys just to say they're "in crypto"
maybe time will prove me wrong.

>>29709350

Seems like every 2 days of over 1k

>>29708675
APY actually fluctuates between ~6.2 and ~7.8 depending on current circulation. Their wallet is great though. Exodus also handles Algorand staking very well, with compound interest via manually claiming, and it doesn't skim off the top. These are the only two wallets I would ever trust with my Algos.

If you're all in on ALGO, it makes more sense to use the official wallet for sure, as you don't have to manually claim interest, and there's some neat Algorand platform stuff integrated with it. ALGO is in my top 3 holds, with the other two being ADA and XTZ. I also keep a stack of HBAR just in case it violently moons one day.

>>29709515
this, gonna kms if it doesn't go to $2 soon. What do you suggest? shill me on something

>>29709874
ADA has more price action and trading volume, and is similarly priced right now. XTZ is more expensive (not by too much), but sees more significant fluctuations in value, and might be more exciting to you (without risking terrifying dumps). Both can be staked easily in a number of different wallets too.

>>29709700
What’s your EOY prediction? At this point I don’t expect much, I’m just holding still in case something happens. I can’t really see anything happening for awhile though

>>29710104
This is a slow and steady gainer when market conditions are better. I can easily see it getting to 3.50 or a bit higher by EoY, if we don't get absolutely raped by bobo.

>>29710266
As long as it’s consistently above $1 I won’t be worrying to much short term

Do you think I’m better off grabbing an Eth for $1,500 or 1,500 algos for $1,500 if I’m looking for. 2-3 year hold?

>>29709700
Cool thanks, I'll check them out. I don't mind having a separate wallet, I just want to make sure I get the full amount. >>29710095
Also thanks, I'll check them out too.

>>29709221
Keeping your Al Gore &s on an exchange means you get an auto compound every time you buy more.

>>29710676
Consider that Silvio has already delivered a proof of stake platform. Where is ETH 2.0? And you are in an ALGO thread... consider the source.

>>29711050
Yeh I know. I’m already sitting on a 10,000 stack of algo. Just hard to consider.

>>29711147
roger that, I'm a space booty boss too. i'm scooping up some cheapies on bittrex right now.

>>29710899
yeah sadly my exchange does not support Al Gore staking yet

>bought 1500 ALGO at 1.55
>never recovered back to that price
what a fucking waste but I'm holding for years so it doesnt matter even tho I could have just waited

>>29711662
i'm right there with you bro holding my bags - i guess I just won't look at this wallet for a long long long time to forget about it even existing and maybe one day stumble upon it and hopefully be able to turn a profit

>>29710822
You'll get the full amount in both Exodus and the official wallet for sure. Try 'em both out. I only use Exodus because I like having all my stuff accessible in one interface and being able to easily sync my assets between devices (also because other official project wallets are nowhere near as slick as Algorand's).

>>29711662
I thankfully got in below 0.6, but yeah, this is definitely a long term hold. We'll all see significant gains eventually.

>>29711890
Well a major dip is happening and I might average my shit out since its less than a dollar now

>>29711662
Just write the money off as a loss and move onto other shit.
Its what i did. Liberated me from worrying about this shitcoin.

just use the algo wallet.
you can send 0 algos to yourself
and collect the steak on the transaction..
its easy.

also you can just add your algo address to your contacts list on the algo app, and just click the contact to send it to yourself, so you dont have to keep copy pasting the address.

>>29712319
Ahh, thanks.

>>29712798
it works easy.
i didnt figure it out for months.
ive been manually copy/pasting it all this time..
then i added the algo adresses from different exchanges to contact to..
like

coinbase algo wallet
binance algo wallet
crypto.com algo wallet
my wallet
etc

its sweet.

i wish i set it up earlier..
copy pasting gives me anxiety, cause my thumbs/phones dont mix.

>>29713004
Awesome, thanks buddy.

This coin would be the dream if it wasn’t for the: “token infusion” (basically dumping tokens into circulation when price drives up above 30 day MA to “decrease volitility”)
And can’t forget about the fluctuating APY that’s goes down as more people are staking so they can slow down inflation. Them lowering the apy really makes this coin a hard sell IMO.

How low are we going? What's the bottom. I have buy orders through the 80's but thinking about pushing some to the 70s. Trying to get a nice 25K stack this weekend. Then work my way up through trading to a 30K

If you are looking for a get rich quick, this is certainly not it.

I have some and plan on holding it for some time, I imagine that most of the people claiming this to be a Shitcoin are in their early 20’s and have no concept of long term investment.

>>29709515
This coin literally made a 12x from bottom to top. You fell for disinformation.

>>29713852
I have a pretty medium sized bag (5k) so no FUD, in my experience it mostly hovers between .8 and 1.4 and it's going to take a couple years before the project gets off the ground and they stop doing this >>29713578 where they artificially deflate the price to keep pnd-ers out

Honestly I wish I sold at $1.5 and then bought back in around now

>>29709350
I did a calculation on my stack. At 2400 algos, its every 4.5 days. If you're at about 5k+, its about every 2 days. If you've got a really small stack (like 100), then every 2 weeks.

>>29714280
This my game plan, buy and hold for years. Just try to get a 1k stack, maybe even keep it in shitbase since it adds automatically, even though they are skimming off the top.

>>29715535
Get the Algo wallet for fuck's sake. Its not hard people.

>>29709104
Go back to ylilauta

>>29715535
>>29715714
This. The official wallet is great and you get the full staking (coinbase shaves off the top and keeps some for themselves) + Algo fees are insanely cheap and insanely fast. There is literally zero reason to leave it on coinbase

>>29715968
>zero reason to leave it on coinbase
Yep. There's no good reason to leave anything on Coinbase or any other exchange, except for maybe ERC tokens that you might want to swing trade, what with the gas and all.

WAGMI, Algo's gonna hit $3 by April after the upcoming announcement. See you then, Algochads!

>>29717031
Just moved my ETH onto my ledger. Just following NYKNYC I guess.

>>29717277
Meh I'm waiting until it hits $100 or more if it can even do that. I ain't selling, but I'd love to live off my steak if that's possible.

>>29717277
checked I’ll buy more next payday
t. 100 algolet

>>29717031
algo doesnt have gas

>>29708675
Yeah I just transferred some algos into it.

I really like it. I was reading you can get air drops on it and you can transfer your algo via Bluetooth to a ledger nano x.

I really like this wallet. You can have multiple different algo accounts open names whatever you want and you can transfer between the two.


One of my biggest gripes with managing money in banks is not being able to cheaply open new accounts so I can keep my budget straight.

10/10 this will help dumb people not be so poor. I really like this coin it’ll go places. Especially if they’re holding back their Dapps due to the SEC pending regulations with Gensler set to come in. They’re treating ALGO as strictly cash product because they’re bros and they’re already aware if what the regulations might be and already prepared.


When it’s all set and done and they air drop anything meaningful it’s going to get a nice little bump to a higher average.

>>29708675

>>29717966

>>29709044
>>29709211
>>29709700
>>29710266
>>29710822
>>29710899
>>29712022
>>29713477
>>29717277
>>29717766
>>29717966
>>29718011

Waiting for 0.5 to buy more

I have a humble stack of about 5% ALGO in my folio. But personally I'm still DCA'in into ETH just because I believe in it long term and would rather use than sell. ALGO is more a medium-term play for me. I like the staking