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22466852 No.22466852 [Reply] [Original]

I am thinking about dropping $3,000 into this kone. I want to hear your thoughts about it. Shitcoin, or huge potential?

I already hold ETH, ADA, ATOM, and XRP. All long terms hold. I don't flip shitcoins.

What is your 'folio, and are you (will you be) holding ALGO?

>> No.22466900

probably will be holding at some point
scared of devs dumping
waiting for it to crater to .25
hoping soon

>> No.22466925

>>22466852
Isnt there an enormous supply and lots of sell pressure?

>> No.22466928

I am poor and I hold only 22€ in ALGO. And that is only because in my language "ALGO" means actually "Something"

>> No.22466948

>>22466928
what language

>> No.22466969

>>22466948
Spanish

>> No.22466972

>>22466928
:o aye dios mio amigo

>> No.22467018

got 500algo.

its part of my schizo mite be rite strategy.
Along with xrp, iota, xlm.

>> No.22467121

65k algos.

>> No.22467124

>>22467018
interesting strat

>> No.22467186
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22467186

>>22466852
>Go to the marshal islands
>Walk down to the shore from my ship made of gold
>hand out the official currency of the isles, powered by algo
>they try to grab onto my cape made from every linkies skin cells
>I bless them by saying "You still have time, we haven't mooned yet"
>Disappear

>> No.22467196

>>22466900
>scared of devs dumping
Yeah, the supply distribution is concerning. I am yet to look into the team. If they seem legit, and not just a bunch of anonymous devs, then my mind will be more at peace. I actually don't even mind the idea of using the team supply to grow the network. You have to do it somehow.

>>22466925
Well, it is down a LOT since it first got listed. I am guessing this is when the biggest selloffs happened. It seems to be pretty stable now, though: .20 to .40 range.

>>22467121
How, if not a larp?

>> No.22467308

>>22467196
Team looks legit MIT and all. Just not a fan of buying other peoples bags. Still may buy some though.

>> No.22467359

>>22466852
I hold some and just forget about it. Last time I chcked it said 100 algos since last transaction. even if it goes back up to 77 cents, that's like $77 for not doing shit. in fact, that can pay for my AWS servers for the month. this is seriously the NEET lifestyle coin.

>> No.22467368

>>22467308
i looked into it, it's like Fantom but with a more legit team (although Andre is famous now)

>> No.22467374

>>22466928
"comprar algo" was unironically one of the only phrases I remember from spanish in highschool. every couple years it'll pop into my head and I'll say it for like a week. maybe that's why I bought this shit lmao.

>> No.22467716

>>22467018
add some xdc fren

>> No.22467813

>>22466928
ALGO 1000€ FINAL DE AÑO
ESTAMOS TODOS UNIDOS EN ESTO

>> No.22467879

You would be better off saving money as cash in your sock drawer than putting a dime into this fucking shit

>> No.22468225

>>22467308
Buying bags is the definition of current state of cypto. Greater fool and all.

>>22467879
Could you elaborate? I am open to learning more, even if it is negative stuff.

>> No.22468291

>>22466852
good tech but will never moon because of the massive supply dilution. if you’re thinking about buying just wait for the next token sale and scoop some for under $.25. ATOM offers nearly double the staking returns and only 7% yearly inflation versus ALGO it’s like nearly 100% yearly inflation.

>> No.22468314

>>22467018
ouch. I guess we all have to learn some lessons the hard way. good luck anon.

>> No.22468434

>>22468225
well it's a coin that will be dumped every few months forever by the stupid devs and will never be worth more than a dollar I doubt it will even see 77 cents again

>> No.22468499

>>22467879
>>22468291
I just converted 1500 algo to 46 chainlink. wanted to add more chainlink to my poorfag under 1000 stack. Good idea? Im a complete newb. I rather be almost all in on chainlink than hope my 1500 algo moon in 10 years

>> No.22468528

>>22468499
I don't know what will happen with any of this shit the best advice I can offer is find out who pumps and dumps all this shit and make friends with them

>> No.22468580

CBDCs will be minted on Algorand.

Get in.

>> No.22468826

check out doner

>> No.22468900

>>22467196
>is team legit
https://twitter.com/RussFustino

strong mustache, stronger coin. don't fuss with the russ

>> No.22469151
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22469151

Holding 30k algo currently (in at 25 cents). I won't sell it. I'm not buying more until price hits around 10 cents. It's a long-term hold (2-3 years). Once the total supply is in circulation, the price is gonna skyrocket. It could do so even still before that time period. I do expect the price to drop though by about 60% from where it is currently. When that happens, I'll get my stack to 100k and just forget about it for a few years. Great project overall.

>> No.22469221

>>22469151
im thinking it might get noticed and priced in. usually things are priced in way before as people try to one-up each other in trades. it does seem like a good project and i might acoomoolate more while its low

>> No.22470114

Algo can't go over $10, so what's the point?

Let's say somehow it can and will go over $10? What's the lowest buy in point possible with peak volatility from here to the end if the year? $.25 $.20?

>> No.22470202

>>22466852
>>22468580

>CBDCs will be minted on Algorand

It looks like it is going that way given the team, the intentionally constrained smart contracts, public-private networks interacting through co-chains.
However, I don't see how it could scale to meet demand as an actual central bank currency.

Ethereum operates around 15 TPS max and it has struggled to handle the interactions of about 10000 simultaneous users. Algorands 1000 TPS could handle about 670,000 simultaneous users.

If you expect to process interactions, even basic ones, between 100s of millions of users then Algorand won't be fast enough. True even if it operates at 10000 TPS.