/biz/ - Business & Finance

[Anonymous No.29128072]

ALGORAND GENERAL - #3 - Where We Go One We ALGO
>ALGO ANON EDITION

What is Algorand? - The First Pure Proof Of Stake Blockchain (Trilema SOLVED)
DYOR: https://www.algorand.com/
(if someone could type up a good description that would help)

Staking rewards ~5000 ALGOS = 1 ALGO A DAY INTEREST
>HOW MANY A DAY ARE YOU GETTING?
>Download official algo wallet for maximum apy and compounding effect (https://www.algorand.com/wallet))
>calculate gains (https://algoexplorer.io/rewards-calculator))

ALGONAUT RANKING:
>1 ALGO = ALGOMOEBA
>5 ALGO = ALGOYACANOFBEANS
>10 ALGO = ALGOJANNIE
>100 ALGO = ALGOILLEGALALIEN
>911 ALGO = ALGLOWIE
>1,000 ALGO = ALGOLEGALALIEN
>2,500 ALGO = ALGOYEM
>4,000 ALGO = ALGOLEM
>5,000 ALGO = ALGONAUT
>10,000 ALGO = ALGOSPACECOWBOY
>20,000 ALGO = ALGOLAIKA
>50,000 ALGO = ALGOALDRIN
>100,000 ALGO = ALGOARMSTRONG
>1,000,000,000 ALGO = THE ALGOCHAD

Why is algo cool?
Compounding interest + Appreciating Asset = Early Retirement
its basically the most foolproof get rich slow scheme in crypto, buy it and hold it and get both appreciation and interest


ALGONAUT SPACE FORCE NEEDS YOUR HELP
MAKE MEMES
TYPE PASTAS
SPREAD THE NEWS
BUY AND HODL

[Anonymous No.29128114]

CURRENT PRICE $1.4001 USD TO 1 ALGO

[Anonymous No.29128482]

[Anonymous No.29128928]

Don't worry ALGOnauts
We ALGOnna make it
1.50+ eod
2 eow
10 eoy

[Anonymous No.29129112]

>>29128072
I heard this is the comfiest thread in /biz/

[Anonymous No.29129317]

ALGO SCHIZOS PLEASE POST THEORIES

>FACEBOOK TRIED TO BUY OUR BOY ALGO


ALSO SOMEONE MAKE A GOOD MOB ALGO TIER LIST

[Anonymous No.29129349]

Good morning everyone

[Anonymous No.29129492]

>get rich slow scheme

Kek, i love this. Filters out add zoomers and keeps the thread comfy.

[Anonymous No.29129826]

>>29129492
It is get rich slow, but nobody holding ALGO would be disappointed if it mooned. I’d nut if Elongated Muskrat tweeted about algorand.

[Anonymous No.29129993]

>>29128072
ALGOILLEGALALIEN reporting in

[Anonymous No.29130456]

have you heard the algogory of the turtle and the hare?

There were a turtle and a hare on biz, the hare buys zoomercoin, dogecoin, retardcoin, and makes 40% gains. The turtle bought ALGO and crabbed but made ALGO off staking. The hare was up 40% but then his shitcoins crashed and he red wojaked and killed himself. The turtle just bought a hellcat with his daily staking ALGO

That is the algogory of the turtle and the hare

[Anonymous No.29130667]

>>29129826
>musk tweets buy algo
>price goes through the roof
>algo foundation releases shitton of coins into circulation to stabilize the price
>price starts going down
>normies panic sell
>algo drops down to 0.05$

[Anonymous No.29130786]

>>29130667
we all buy massive bags and v shaped recovery directly into uranus

[Anonymous No.29130877]

>>29130667
Sounds like a good way to get extra comfy and multiply my algo holdings.

[Anonymous No.29131295]

I actually never cared about this project and did not read anything about Algorand, but just today I dumped my LTO bags for this just because of the look of the graph. It's in a perfect position to buy in before another pump. I hope it was a good decision.

[Anonymous No.29131663]

SO CLOSE TO ALGOYEM

[Anonymous No.29131813]

Im a poorfag who realized I need to put my money where my mouth is, because I always believed crypto was a good idea.
newbed my way on CB with only a couple hundred on things like BTC and ETH... decided I could play around with shitcoins just to try and pump my BTC bags. Realized that was also not going to be smart, and actually started researching the coins/tokens I hold. I'm stupid autistic when it comes to research... I have dumped every coin I have, opened an Algo wallet, and Im all in. This is the token to invest in.

I may be small stacks, but IDK. I believe in Algo.

[Anonymous No.29132048]

>>29131813
wise wise anon, great decision

hold steadfast

[Anonymous No.29132117]

>>29131813
thats whats up anon

[Anonymous No.29133281]

>>29130456
lel, love it

[Anonymous No.29133756]

the price walls are smoothing out... the dump last sunday is clearing out. If demand and confidence can increase, achieving critical mass might be possible

[Anonymous No.29134169]

[Anonymous No.29134312]

>>29133756
this chart on coinbase confuses me so much. can you explain this to me like a retard

[Anonymous No.29134703]

>>29134312
The red side represents how many cumulative sell orders there are at each price
The green side represents how many cumulative buy orders there are at each price
Large vertical lines represents how many people are willing to buy/sell at that price. If there is a huge vertical line on the red side that is resistance, hard to break through that price barrier on the up end (less likely to have a huge pump). If there is a huge vertical line on the green side that is support, hard to break through that price barrier on the down end (less likely to have a huge dump)

[Anonymous No.29134747]

>Another day of crabbing.
>All walls and no vol
Fucing move already

[Anonymous No.29134770]

So can ALGO in any exchange or you have to use their exchange?

[Anonymous No.29134939]

>>29134312
It's a depth chart, it shows supply and demand. Green is demand and red is supply. The middle is market price. The shaded area is the volume for the price seen on the bottom line. What happens is buyers are matched with sellers by the coin engine when the buyers' and sellers' price offers meet, that is when supply meets demand.

A depth chart gives insight to the present situation but lacks history, trend, and range like a candle/line chart would. The problem about line/candle charts is that they're always late, it's history, the past. The depth chart gives you a feeling for what's happening in the present situation. By using the candle and depth chart, you can more accurately predict what might happen than just a candle chart alone.

[Anonymous No.29135082]

>>29134747

YEE CLAW

[Anonymous No.29135222]

>>29128072
Wagmi

[Anonymous No.29135387]

I have a very small Algo wallet, ideally how much should I STAQ AND STAKE algochafs?

[Anonymous No.29135425]

>>29134312
here's another example of the current situation, currently there's a barrier to breaking 1.38 circled in the red part of the depth chart. On the green side we have a support wall at 1.36. That means breaking past 1.38 or under 1.36 right now will be difficult. It can change very quickly though, to gauge the speed of that change, you need to monitor the order book and the rate of change near market price

[Anonymous No.29135504]

>>29135425
now look how fast that change, demand for 1.36 has increased to over the supply of 1.38. That's a sign that we'll be pushing towards 1.38 as support is built on 1.37. We're up trending

[Anonymous No.29135613]

>>29128072
Silvio has come to reap the sinners

[Anonymous No.29135720]

>>29135425
>>29134939
>>29134703
>>29135504
Algochads are so friendly

[Anonymous No.29135952]

>>29135720
Every Algo thread seems to be calm, curious, and helpful. I love it.

Go check any other coin thread. Algo is the best.

[Anonymous No.29136142]

bought at 1.55, when do i get my money back?

[Anonymous No.29136300]

>>29135387
Just stake all of what you have, continue DCA’ing

[Anonymous No.29136385]

[Anonymous No.29136455]

>>29136300
So basically just buy the dips, hold, and stake. Thanks algochad

[Anonymous No.29136479]

>>29135720
anything to help anons know better how to invest their money, unfortunately right after I posted those explanations, support at 1.36 is crumbling so we're going back down

[Anonymous No.29136527]

>>29136142
Let's see...you bought a single Algo right?
So that's .07 apy compounded daily...
Minus fees of .0000012...
Plus the fact that it will be $2 by March...
Any time now.

[Anonymous No.29136540]

I don't see how anyone can unironically believe in Ethereum with the (((gas fees))) issue.
What the fuck would they even do if this shit somehow went super mainstream with normies and the network got super busy, resulting in $1000+ fees?

[Anonymous No.29136646]

>>29136527
i own 6k of algo

[Anonymous No.29136654]

>>29136455
Exactly, and make sure you’re using the official Algo wallet. Be very patient with it, good things come to those who wait.

[Anonymous No.29136808]

>>29136646
Same answer except you can spread that .0000012 Algo out over all 6k.

[Anonymous No.29136816]

>>29136142
1.45 is a problem area, lots of apers following the sudden pump last sunday are still unloading their bags from the drop. There's a lot of shit to sift through still

[Anonymous No.29136890]

>>29136654
which one is official?

is https://wallet.myalgo.com/ fine? i dont want to use the app because i dont like having crypto on my phone

[Anonymous No.29137001]

>>29136540
>What the fuck would they even do if this shit somehow went super mainstream with normies and the network got super busy, resulting in $1000+ fees?
Transfer fees are 0.001A, even at the ridiculous price of $1K = 1A, it would still only be a $1 transfer fee. Think about how efficient that is for ALGO

[Anonymous No.29137075]

>>29136890
yup, that's the official one

[Anonymous No.29137100]

>>29136890
Hmm, I bought through cuckbase. I don't know if that's recommended though

[Anonymous No.29137146]

>>29136816
thank you friend, can you give a new crypto guy some apps you use to track/swap/get new coins. i keep seeing stuff but i'm on voyager cause of avax. when i get more money i want to go in deep. Like reeeeal deep.

[Anonymous No.29137260]

>>29137100
you can send then from CB to your wallet, highly recommend. higher APY and all that

[Anonymous No.29137274]

>>29136890
The only official wallets are the Android/iphone apps. Exodus.com and myalgo are 3rd party.

[Anonymous No.29137470]

I am now an ALGOLEGALALIEN

[Anonymous No.29137635]

psa there was no algorand general before the recent pump so everybody bought in at 1,30-1,80.. these people need to bleed before we can continue so have patience

[Anonymous No.29137640]

>>29137146
I'm still new myself too but I'm also trying to get deep into information processing and technical analysis in this and because of the more stable nature of ALGO, I think it's a great place to observe numbers and watch real time change. Anyways, if you're not used to using the "pro" trading tools with the charts and numbers that intimidate normies, I highly recommend pro.coinbase.com at getting familiar with the basics of the more advanced interface, then moving up to kraken pro which is an even more powerful and advanced trading tool, albeit a little more complicated than coinbase pro

[Anonymous No.29137747]

>>29137274
it looks like its from Michel Dahdah

isnt he part of rand labs?

[Anonymous No.29137790]

>>29128072
Sold my stack of GRT and thinking of getting into ALGO.

[Anonymous No.29137903]

Definitely good that BNB is competing with ETH, but everyone knows that chink-business isn't good in the long run. Therefore ALGO will inevitably become the alternative.

[Anonymous No.29137946]

>>29129317
>posting 2 year old hopium

If your guys' shitcoin doesn't hold above 2500 sats, it's going straight to 1900 range

[Anonymous No.29138013]

is there a difference when between staking on exodus wallet or algo wallet ?
also, is now a good time to get into ? the price kinda dipped, i dont think it will go down more

[Anonymous No.29138202]

>>29129826
>but nobody holding ALGO would be disappointed if it mooned
I would. Needed to sell some to get in on another project. Can buy back in after a week or so. No mooning until March. kthxby

[Anonymous No.29138226]

>>29138013
The whole market is at an ATH right now, BTC just hit $1T mcap. We're in uncharted territory regarding the market as a whole. ALGO is quite resistant to market volatility compared to other altcoins but if BTC corrects, everyone will hurt. That's when you invest.