/biz/ - Business & Finance

>>52668316
what's algorand?

>>52668352
It's a coin that'll probably be buried as just another failure. Down 90% like everything else but not much reason for it to bounce back. Massive inflation over the past year. Foundation keeps upsetting people. I could go on and on.

>>52668316
Made money off it, put in a few hundred, got back over 1k.
>>52668397
>It's a coin that'll probably be buried as just another failure. Down 90% like everything else but not much reason for it to bounce back. Massive inflation over the past year. Foundation keeps upsetting people. I could go on and on.
>t.Dumb Fat Fuck.
Lmao.
I bought in at pennies and sold at the come down from two bucks.
Sorry you fucking faggots suck at hustling.
Algo made me money, makes me money to hold it and wanna know why?
Because I buy it UNDER 30 cents a pop, fag.

>>52668440
Congrats for you, but most people have left this coin altogether. There's an extremely tiny community left.

>>52668440
AND BEFORE YOU FAGS CRY.
Yeah, I got burned on a few trades, lost a few of my dollars making shit trades on shit crypto.
Turns out for every one GOOD trade, you'll make like three really bad trades, that my friends...is life investing.
I made money, I lost money.
But Algo has made me alot of money over the years and even chainlink would have made me a ton of money if I NEVER listened to the faggots on this site telling me Chainlink was a "scam".
Im just sick of all the bad advice you get on this site.
Wanna know how I made money on crypto, the stock market and even hustling physical goods on the streets?
Find someone who can buy you stash for more than what you paid. Greater fool theory aside.
If you can get it for the low, you can sell it for more BUT you need to find WHAT people are investing in.
A high flow of market orders is a good indication that money is being pumped into it.
Fuck sake cunts, I even made money investing to pump and dumb stocks.
All while laying on me bed, boys.
You need to learn to trade and you need to learn to get things FAR MORE cheaper than what EVERYONE else is buying for.
When I first started I started with a measly 20 bucks.
Crypto is the worst fucking investment if you don't know how to hustle because of the high fluctuation on it.
But hey? You know ya boy! I've made money selling darts on the streets, I've made money trading on coinbase.
You need to find out where the big money is being put and hope you got in at a cheap price.
Sucks! But that is trading, hustling and grinding.
Good luck boys, Do not sell for anything less than what you put in.

>>52668397
>Down 90% like everything else but not much reason for it.
I get an APY, paid out every three months, JUST HOLDING IT, has made me money.
If you cant hustle and learn to make money off the Crypto/Stock market, retail arbitrage IRL isn't gonna get any prettier.

>>52668440
>I bought in at pennies and sold at the come down from two bucks.
And the only reason I sold my bag was because I was buying it for pennies under 50 cents and held for over a year.
DID NOT even know it pumped to 2 bucks, I checked my portfolio one day and BOOOOOOM, walking it's ass down from the 2 dollar high back...I think last August/September.
The stock market and crypto is not a scam, you just suck at the game, playa.

>>52668316
And YES.
Welcome to crypto, Fags.
High highs, Low lows.
In the stock market? You might have to hold for God knows how long, with crypto? It could be one month, could be five years.
But if you knew what was going on with Jerome Powell, you would know why crypto is going down.
Too many faggot shook niggas in crypto sell their bags whenever anything bad happens.
I hope the prices go down, I will buy back in.
Beats selling narcotics, illegal guns and bootlegging.
This shit is my fucking bread and butter, boys.

>>52668651
Nearly every fucking coin has an APY of some sort. 3 month payouts are garbage.

>algo thread
>check replies
>bunch pathetic bagholder copelets, poverty fags and incoherent horseshit

As always.

His shitchain is never making a new ATH. God I hate you faggots

>>52668914
>God I hate you faggots
They can't hear you. Too busy partying it up in Dubai, courtesy of hella dumped Algo.

>>52668316
It fucking won’t
Tanked in “value” and the foundations solution is to GIVE them away

>>52669355
I don't think the foundation has gotten any return for a cent that they've spent outside of a select few ecosystem grants. Definitely negative return on all of their "marketing" and "partnership" efforts. They are dead weight. Fucking useless, just collecting checks and out of touch.

>>52669682
Correct. How do we proposal an immediate removal of the foundation

>>52671384
We don't. They control governance

>>52671384
LOL, truly NGMI

it's like asking "how do we remove the Aptos/Sol foundation"

None of this shit is decentralized in the slightest

>>52671467
Can’t whales make proposals
>>52671645
Do you…like the algo foundation? Brah

>>52671893
>Can’t whales make proposals
no

>>52668352
Imagine if the MIT professor who invented zero knowledge proofs and verifiable random functions decided to completely rework the concept of a decentralized smart contract blockchain. That professor is Silvio Micali and that blockchain is Algorand. Pure Proof of Stake is non-dilutive and actually allows for all nodes to get a chance at participating in consensus without concentrating the supply of ALGO into the hands of a few whales. Smart contracts time out and pay for storage by locking up ALGO so gas is unnecessary, fees are a formality to prevent spam. all transactions are final the instant that their block is confirmed, and blocks consistently confirm every 4-5 seconds, with a long series of upgrades on the development pipeline. It is a statistical impossibility for Algorand to fork. Once the currently slow and gradual release of ALGO ends around 2030, Algorand Standard Assets (ASAs) will actually make ALGO deflationary since 1) in order for a wallet to interact with any ASA, it must “opt-in” to it with a transaction, and 2) for each ASA a wallet is opted in to, that wallet must hold 0.1 ALGO. While that metric can be changed through governance, it can only go as low as 1 microALGO (0.000001 ALGO). With serious financial institutions, novel blockchain applications, and a growing base of passionate developers gravitating towards the speed, security, and functionality of Algorand, ALGO is an absolutely necessary DCA for this bear market. We can and will go lower, but $100 by 2030 is more than reasonable. Get the Pera mobile wallet on your phone, make a wallet, send some ALGO to it from a CEX, and try out the ecosystem. While interest is low right now, the next bull run will see people and businesses alike looking for a truly reliable platform on which they can take full advantage of the “web3” movement, and the first choice of many will be Algorand.

>>52672925
I wanna die

>>52668316
If it survived this long, I don't see why it can't make it to the bull.
Don't get me wrong I'm just a bagholder but outside of a major black swan I don't see Algo actually going to 0, maybe .1 at the absolute bottom

>>52672925
you fags keep posting this copy pasta

>>52673323
Do you see it actually outperforming though? Or just continuing to "exist"/underperform?

>>52673323
EOS still hasn't gone to actual, as have hundreds of other projects. Doesn't matter they will never make new highs, they are fucked and so is Algo

>>52673476
I doubt it'll reach ath unless major changes to the infrastructure/philosophy are made, but at this point I just want to break even at .8 so I can put it into BTC/ETH and forget about it.

>>52673502
It's so depressing how there aren't many active discussions about Algo anywhere

>>52673549
I hope you sold already anon

>>52673323
If it goes up the board will immediately sell to pay it's employees in back pay

You think all of the fifa and Africa shit is cheap?

>>52673557
Bagholding

>>52673621
Disappointing, you know what must be done from your comments ITT.

May you have the courage to dump this shitcoin anon.