/biz/ - Business & Finance

I'm addicted to this thing. Considering throwing my whole portfolio in this to get to a 100k stack

>>29766083
-70% since ATH lololololekekekek

>>29766083
Accumulate Algorand. Buy the dips and sell the top.

>>29766737
Sorry you bought the top anon

>>29766762
this
my one regret is buying any Algo over $1
at least half my stack is sub 90c
from now on, only accumulating sub $1

>>29765776
any algochads in the boston area? the foundation used to hold meetups but looks like all that stopped for obvious reasons.
is the boston algo community legit?

>>29765776
You are really trying to force that meme flag. Going to go out on a limb here and assume you are an idiot. Get rid of the stupid meme flag dipshit.

Algochads staking 10k+ ALGOS, don't forget to compound your rewards
>https://algorand.foundation/faq#participation-rewards-
"Is compounding rewards automatic?

The participation rewards are calculated automatically, however the compounding effect is not automatic. This is because the rewards are calculated from the last recorded balance on the blockchain, the easiest way to force rewards compounding is to send a zero Algo payment transaction to the target address on a frequent, recurring basis. This transaction will trigger the commit of all accrued rewards and record them to the on-chain balance of the account. See https://www.purestake.com/blog/algorand-rewards-distribution-explained/ for more information."

How-to:
1) download official Algo wallet https://www.algorand.com/wallet
2) transfer your ALGOs from the exchange to your wallet
3) "open" your wallet
4) press "receive" and copy YOUR OWN ALGO ADDRESS
5) exit the "receive" screen; press "send" and paste YOUR OWN ALGO ADDRESS and send YOUR OWN WALLET 0.00 ALGOS
this will cost 0.001 ALGOS to do
6) tada, you just successfully compounded your rewards

you will only need to do this ~every 1-2 days or so depending on the size of your stack
>https://algoexplorer.io/rewards-calculator
if you're feeling supremely autistic
>https://www.desmos.com/calculator/uxbpvxfjbm

you CAN do this with sub 10k, just won't make much difference

>>29768592
I bet you hate anime tiddies too
spoilsport

>>29768592
What's wrong with it? Seems pretty cool

>>29768592
nonwhite detected

Im torn on alogrand. Hedera HBAR is better in every concivable way but ALGO has better memes.

>>29768592
It’s a cool flag. It’s for memes. A meme flag if you will

>>29768727
he probably loves niggers kikes and trannies

>>29768765
I hold both, just in case

>>29768871
Altho HBAR also has some fire memes. Decisions decisions.

>>29769134

>>29769134
>BTFO

2 dollur, when.

>>29769696

>>29765776
Nazis are buying algo.
Strong sell signal desu.

>>29769696
end of march

Hodl

>>29768727
Its Fud to associate Algo with white nationalist and its flat out mouth breather stupid. Just like the Link idiots who will end up destroying their own fanboy crypto. You guys are just fucking stupid. This is fud designed to keep algo down. Lose the kekestan knockoff meme flag faggot

>>29769696
>>29770070
or whenever stimulus checks come

>>29770069
>>29770115
>doesn't know about link
lol yeah man, fuck white peepo and fuck white nationalism. Oh wait they're actually the best people on Earth and make everything better.

>>29770115
>an optics fag on /biz/
woah

>>29770211
You honestly think trying to meme algo this way will benefit it? The guy starting this is intentionally trying to drive the price down through association with poltards. Get over it. If you want to make money, don't limit your market to a very narrow segment of the population who have absolutely no impact on the crypto. Its common sense. This isn't a fucking joke. Look at what is happening right now everywhere. You really think its a good idea to bring negative attention and turn 100s of millions of dollars away because you think its a cute fucking meme? You'll be eating bugs and you'll like it

>>29770211

>>29770111
checked

qrd on foundation dumps thanks algochad

>>29770482
tl;dr, Cry about it shitskin

>>29770568
Sure thing pajeet

>>29770649
Sad comeback.

I literally am accumulating this ONLY because it's made by a MIT professor and it does 2x as many transactions per sec than Visa.

>>29770808
the aesthetics of the coin and app are incredibly sleek too

Looking for a new purchase, do I buy Algorand?

>>29770926
I'm really liking OP's flag for the coin, too!

>>29770941
Yes but set the order around .90

>>29770115
>a silly photoshopped flag affects the market

What's it like being a smoothbrain?

>>29770743
Enjoy your trailerpark bucks. That's how far any project will go when you associate it with a tiny market share of idiots. I'm speaking the truth. No humor. This thread is fud. Your entire existence is fud

>>29770482
You're a fucking crybaby and your presence in these threads does more harm to the market value of algo than a silly little flag ever could

>>29771062
I pulled $12000 out of Algo at .99, hope there's another entry point soon.

>>29771122
feel free to GTFO you massive faggot

>>29771122
Link got to 30 dollars. Cry more shitskin.

>>29771122
but this project has a wide support base and it not confined to this board. shilling in support of algo is a global meme.

>>29771088
If that shit meme spreads outside of this shit website it just might have an impact.

Associating algo with stormfag shit is only going to hurt my investment. Op should gas himself already.

>>29771275
let us know what it's like swinging in a coin that rewards holders, because your low buy targets might be way off in reality.

>tfw I bought at 1.57

Fatness instructor reporting in

>>29771122
>he thinks anyone that matters comes on /biz/

>>29771464
NOOOO THE OPTICS

>>29766737
retarded faggot.

>>29771468
It probably won't go well. I was trying to accumulate from 9k Algo to 20k Algo or more and then move to official app. The majority of my money is in long term holds but now I'm second guessing those holds too. I'm bored so gambling with $10k is a rush there's not much else to do in my city.

>>29770970
I don't have photoshop, but I'd love to see some Algo memes with luxurious old-world estates, like marble buildings and similar classy institutions
it would fit the aesthetic really well

OP I will gas you myself if you keep posting that flag in every algo thread. I know exactly what you are doing. Its a pure brainlet move if you think it will help algo in any way. For every 1 person that posts, there are at least 10 who see the posts. You need the largest market share possible. Link hit 30 despite you idiots, not because of you. Every single one of you that thinks its funny and is supporting this will end up seriously regretting it. We are all here to make money. Get in the way of that and you'll get the gas. Understand?

>>29771992
>OY VEY MUH SHEKELS
>TAKE THAT KNOTSEE FLAG DOWN RIGHT NOW GOY
Nah. Trump showed us the limits of caring about optics like that.

>>29771992
see >>29770568

>>29771992
Rabbi is algorand kosher? Can I use it on sabbath?

>>29771992
I feel like I'm not taking my shitposting serious enough.

Don't forget to send yourself 0 algos via your wallet every few days to compound the interest. It doesn't do it automatically, so it's gaining interest on the amount you last received.

>>29771464
I agree tbf.

>>29771640
>tfw barely skinny adele

>>29772209
And where is trump now???

>>29772428
You're replying to someone who is saying trumps optics cucking did nothing for him you idiot. Your reply is the point of his post.

>>29771464
>>29772333
Pussyfaggots first day on 4chan. Go back to fagit

>>29772299
see>>29768630
for newbs

>>29772413
Keep hitting the Big Macs fren and you’ll make it

>1.04

Waiting for BTC to drop to 40 K so I can buy 80-85 cent algo backs. I'll have 25K that i'll continue to swing to 50K before we hit $2-5

>>29771640
hilarious
also, fatness instructor yeeee

>>29768592
preto de merda

>>29766939
nothing wrong with buying at 1$...
it's bottom top 20 coin, but same ideals and professionals of Cardano team. buying Algo at 1$ is like buying Ada at pennies. I'm still bullish on Algo. imagine the smell when it penetrates top 10

>>29772299
why do I need to do it every few days tho? Can’t I just do it in a year?

>>29774403
I hope that's true, I could use some hopium
t. staking 15k

>>29774695
see>>29768630
that's just the way it is

>>29768751
Guess who’s actually wanted at parties? Not a meme flag faggot that’s for sure

>>29774695
>what is compounding

I see this thing is far from its ATH. Is it likely to ever reach again? Is it even worth buying any now or has this ship sailed?

>>29771122
t. crying jew

>>29765776
Can someone debunk this fud from the thread last night? It's living in my head rent free

>>29774052
Let’s get it. Next stop fat bastard

>>29771640
10/10 post
fatness instructor reporting in

>>29775069
let's see how this March goes, shall we?

>>29774695
If you knew how to model compounding you would discover there is a optimal number if times one should collect rewards to get the optimal interest. Optimally you only get a couple hundred extra so it's not really worth it unless you program a script to collect rewards in your behalf ( I did that)

>>29775069
No he’s correct that the tokenomics are designed to massively benefit founders and node runners, but it does taper off over time. The last two staking rewards will drop march and sept of this year. Ultimately it doesn’t mean the coin is worthless tho, I still see it climbing, especially after those rewards are paid out. Clearly the tech and team are 100% legit.

>>29775334
Thanks. Yeah, it doesn’t seem worth the hassle with my 10k, unless this magically goes into BTC market cap territory

>>29774918
>t.

>>29775538
based off that, it seems safe to say waiting to buy that dip would be a good idea

>>29774955
Clearly you don’t even know what compounding is.

What development you guys are doing?

Damn bruh i am checking other coins as well with new blockchain to solve problems and that can give me profits

Like $MCM mochimo.org

I like launchpool as well

currently have 41 coins. Should i buy more?

Isnt eth2 going to be 7% interest as well soon on coinbase?

>>29771275
Why did you sell the bottom? The top was 1.86 why didn’t you sell then? And you’re missing out on the APY.

>>29775912
In 2023

>>29770115
No

>>29776280
So should i put $300 in algo rn? Or should i wait? Cheers anon

>>29775672
I set buy orders under $1 yes, the project is already a success by just about every metric. I have no clue what the coin can realistically get to in value but even in the current crash and with millions of rewards being dumped in, it is holding steady

>>29776454
So rn its still cheap and good to buy?

>>29776584
I think so, but what the fuck do I know it's crypto my dude.

>>29776666
I just have $300 to spend on a crypto, so its good to get other opinions first before doing so.

>>29776666
I also want people to enable my addiction to watching my interest go brrr but faster

>>29776977
I think it can 2x by april, and like I said I would be shocked if it goes below $1 for any extended period. Like any alt it follow king BTC of course, so there's always risk

>>29777204
Well i suppose the interest helps too, assuming it falls. And this isnt money i plan to worry about

Any yall have any good /biz/ discords? Might as well ask while i am here kek

>>29775328
One day we’ll all be Lizzos

I really like the fundamentals of this coin but isnt the tokenomics a pile of shit to actually make money on? The vesting interest etc? Seems like an easy 2x and the interest is nice but feel like I could get an easier 10x elsewhere

yo what does anon realistically see this dipping to by end of week I been steadily buying dips and accumulating love this coin wondering what price point I should by the dip at this week.

>>29778597
it will dip to $2

>>29770121
>when

>>29778597
could see 0.80 over the weekend

>>29778464
You should have multiple investments with different risk profiles. ALGO probably isn't going to go parabolic this year but it's also not going to inflate away to absolute shit like dollars, and you get better ROI than PMs.

>>29779674
>it's also not going to inflate away to absolute shit like dollars
isn't the inflation rate 36% or something?

>>29775579
just send every 2 days takes under a minute

This coin is complete shit and it's only being used by stable coins. Never pay more than thirty cents for this shit unless you never want to make money. The entire thing is a giant scam as proven by the fact people are telling you to send a transaction to yourself for compound interest. No one uses this shit for anything. You are paying the "foundation" to fuck you in the ass and in return you get to hold a bag of shit. You can get a better deal from Bubba in the prison yard. Complete garbage. It's been around for 3 years now and exactly nothing has changed with the project except jiggling with how hard they are fucking their deluded bagholders.

>>29780901
uh ... you do realize they have a website showcasing all their progress right?

Do you guys think there is anyone on biz or otherwise who come to an Algorand thread without any knowledge of the coin? fud me with some real shit don't just come up with low effort fud that can be easily searched. I want to know the negatives anon do better.

>>29780901
>The entire thing is a giant scam as proven by the fact people are telling you to send a transaction to yourself for compound interest.
Interest only compounds on blockchain activity because there's no centralized ledger pinging your wallet to calculate rewards. That seems entirely normal to me.

>>29765776
trips says 100$ eoy

Waiting for 0.50 to buy more

>And we're back
>Falls to 0.99

FUCK YOU FOR MAKING ME CHECK, JUST LET ME SLEEP

>>29781611
I think he's referring to the usage/adoption #'s being incorrectly inflated from people sending algo to themselves

Yeah, this shitcoin is just going to always bounce between .30 and 1.50 for its entire life, huh. May as well try out Cardano or Bancor seeing as they actually seem to have figured out how to do something with their time.

ALGO is better ADA. Lower fees faster transfer.
FUDers are delusional. They are just salty about ETH gas fees.
If there will be ALGO stable coins ETH is done.

>>29772247
You're not permitted to touch, exchange, or transfer currency on the Hebrew Sabbath, so no. Algorand cannot be used on the Sabbath. Of course Algorand is kosher. It earns interest, it is fast, and it is digital.

>>29782520
>THIS COIN ISN'T GOING TO DO ANYTHING

Based on what metric?
It only came out a year ago and it hit it's highest peak 2 weeks ago

>>29782418
>what is volume

>>29781548
>Do you guys think there is anyone on biz or otherwise who come to an Algorand thread without any knowledge of the coin?
Algorand threads on /biz/ were my first introduction to the coin besides the ISO chart and deciding "hey that box looks cool I'll buy some with dollars."

>>29765776
what does your company do?

>>29783136
Should i spend $200 on it rn?

>>29783267
Sure.

>>29783410
No, but you see, will i end up crying myself to sleep afterwards?

>>29783445
if you expect it to moon overnight, then yes.

>>29783541
Wish me luck then everyone, imma spend $200 on algorand and $150 on tezos. Based?

>>29783731
Welcome aboard algonaut

hello sirs when moon sirs
also I believe in 2 weeks we will overtake AVAX in ranking and then the real mission begins

Anybody looking to buy should wait for this weekends inevitable dip.

>>29783267
wait a few dais, this can go lower.

>>29771088
like being like any other person of color. They're still mad they lost the evolutionary lottery, which is why they lie, cheat, steal, rape and kill to get ahead. You cant really drag them into society and expect improvement. They dont have the IQ or fortitude that comes with that missing part of the brain.

>>29784850
What?! It can go even lower?! What a shit coin.

>>29783731
Cringe. ALGO is a inflatory shit coin that’ll reach maybe 3$ end of 2037. You fucked up buying this meme coin

>>29783731
king

hopefully it dips to like .40 this sunday, I want more.

Based Algochad OP making reddit seethe ITT

What’s a suicide stack of this bad boy? Asking for my wife’s boyfriend.

>>29787720
go back to wsb

>>29787251
streisand effect In full effect. Lol algo is gonna have fashwave aesthetics now because some butthurt woke boys couldn’t keep their mouth fucking shut.

>>29787251
based

>>29788148
The Algoreich will be founded by people fleeing the gas (fees) ironically enough.

>>29788148
This, fucking newfags

its like tether without the whole investigation thing

Buy now frens? Or wait?
Currently HODLing 500 stack at 1 doll hair

>>29789271
It will likely dip over the weekend

>>29788148
>>29788758
>>29788743
it's too late now
cheers bros

>>29790217
ALGO $14.88 eoy confirmed, already shopping for a new car

>>29776015
Should I jump back in now? I'd be entering with even more Algos. Hmmm maybe it'll fall more. Decisions.

>>29790883
Anything below $1 is great if you're confident in BTC's bull run carrying alts this year. If you're in for the long term hodl and comfy APY, then it's fucking better.

>>29776386
No one knows the bottom. This is still up substantially from 2020. Could drop to $0.50 before a bull run. Idk anything under $1 is pretty good in my mind. You probably find an entry point at 0.90 or less. Might still drop more though. Correlates strongly to btc along with pretty much all crypto projects.

>>29766939
I bought $50 worth @ $0.71... Am I gonna make it??

>>29771741
Smh baba

>>29788148