[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 31 KB, 900x900, algo.jpg [View same] [iqdb] [saucenao] [google]
29140766 No.29140766 [Reply] [Original]

Why does this Algorand shitcoin dump while everything pumps?

>> No.29140911

OP can't HODL

>> No.29141135
File: 18 KB, 445x245, Old Algo.jpg [View same] [iqdb] [saucenao] [google]
29141135

>>29140766
zoom out
its in slow motion, on an upward trend

>> No.29141144

>>29140766
This is how you spot the algochumps who bought the pump. Long time algochads have hands harder than diamonds, pre $1 we had crazier times of uncertainty and still hodl strong and every time, algo proves to be worth holding when all the weak hands are shaken off.

>> No.29141335

>>29140766
It's up over 140% on the month despite a down week.
This along with Buttcorn should be one of the coins you plan on holding for the long haul.

>> No.29142012

>>29140766
people are FOMOing in BTC.
>>29140911
>>29141144
checked. just crossed 10k with this dip.

>> No.29142216

>>29140766
You would be an idiot to get out of Algo right now

>> No.29142485

>>29140766
I'm up 160% and didn't even buy that long ago, just fucking wait a while ffs

>> No.29142645

>>29140766
Everyones cashing out to jump into the btc train. Doesnt do much to algo though since its a zero effort HODL coin, ditto for GRT except that requires some effort.
I set my sell targets for btc when it starts to crash. Gains are gains.

>> No.29142791

>>29140766
I just bought another 1200

>> No.29142824

Want to buy more but I'm worried it will break below 2400 sats

>> No.29142951

>>29140766
Cause your supposed to treat it like your dirty swing bitch

>> No.29143230

> sub $0.20 average purchase price
> 15k ALGO, staking at ~7.45% for last 8 months

Feeling comfy, my fellow glowies

>> No.29143315

all shitcoins are kinda/sorta dumping rn

>> No.29143577

>>29142824
it will

>> No.29143774

Peter Schiff should be shilling ALGO because of this: https://meld.gold/what-we-do/

>> No.29144468

>>29140766
ALGO and XRP.
Everything is else is a pnd scam.

>> No.29144628

>>29144468
based and ISO 20022 pilled

>> No.29144664

>>29144468
>XRP
>not a scam

>> No.29144948

>>29144664
Both are American tech, which means the best tech.
Best tech is all that matters.
Which means all the other things pumping are going to dump which makes them a pump and dump.
I'm glad you are 1/2 way there though.

>> No.29144968

>>29144664
still 2-3 years early for iso 20022 coins

>> No.29145074

Imagine not holding

>> No.29145921

>>29145074
literally one of the worst performers this bull run so i wouldnt worry

>> No.29146100
File: 24 KB, 469x452, bitchplease.jpg [View same] [iqdb] [saucenao] [google]
29146100

>>29143577
>>29145921
niggers

>> No.29146474

>>29144468
I think you meant XLM. XRP is a dead scam

>> No.29146598

>>29146100
i said it once ill say it again. with such high staking a coin can never rise much in value

>> No.29146713

>>29146598
i said it once ill say it again
niggers

>> No.29146796

>>29146713
since niggers are poor you are the nigger

>> No.29146927
File: 3.24 MB, 343x498, nuthin.gif [View same] [iqdb] [saucenao] [google]
29146927

>>29146796

>> No.29146965

>>29140766
Because it's a fucking shitcoin. I sold yesterday and got more LINK

>> No.29147192

>>29146474
>he thinks they aren't a package
>he sees two different tickers and thinks they are different things

>> No.29147441

>>29147192
I got a package for you...

>> No.29147782
File: 1018 KB, 224x212, 1586552453119.gif [View same] [iqdb] [saucenao] [google]
29147782

>>29146927

>> No.29147892

DON'T WORRY ALGOCHADS THE MONEY GODS ARE WITH US

>> No.29148957
File: 1.47 MB, 392x154, image0.gif [View same] [iqdb] [saucenao] [google]
29148957

guys they made the coin from a 0.3-0.4 stable coin to a 1.3-1.4 stable coin.

>> No.29149183
File: 59 KB, 635x346, algo-italia-2.jpg [View same] [iqdb] [saucenao] [google]
29149183

>> No.29149367

It's not dyor or gtfo

>> No.29149646

ALGO is designed to never be more than $2, maybe $5 a coin at the very very very most

It's the populist coin

There is a limitless market cap

Just wait 2 weeks

>> No.29150863

>>29144628
Trying to find a list of other 'ISO 20022 compliant' cryptos. So far I know or ALGO, XRP, and ROSE. Any idea how to go about finding more?

>> No.29151129

>>29149646
Is this a meme or is there actually something happening in 2 weeks?

>> No.29151273

>>29151129
two more weeks

>> No.29151525

>>29149646
Considering they originally wanted 3-4$, that's what I'm hoping for. I don't see it doing much more than that though you never know.

>> No.29151922

Never going to be worth more than 3.

>> No.29152074

isn't this shit literally designed to be a stable coin?

>> No.29152084

I sold grt at a profit at 1.05 after it crabbed for a week, it immediately pumped. I sold ren at a profit at 1.15 after it crabbed for a week, it immediately pumped. Ive had algo for a week, its been crabbing, i could sell now for a profit. You guys want me to sell so it pumps?

>> No.29152135

>>29140766
BNB is moving markets due to the new binance dex, it caught all market attention, shit will pump a lot. Also, binance is halting sell orders on BNB, they are during market manipulations to it to pump also, get in before you lose this opportunity, seriously. But set a stop loss.

Honestly, eth will dump due to high fees, Uniswap is going to be dead because of eth fees, no one will pay 20 usd for a transaction. BNB transactions are costing 0,2usd, cakeswap uses BNB and it already surpassed Uniswap. You have no choice right now biz, it is choosing between stop trading shit coins or using BNB.

>> No.29152290

>>29149646
ALGO will be worth $100 in three years and $1000 in six years.

>> No.29152381

>>29152135
>no one will pay 20 usd for a transaction
I would love to go back to $20 for a transaction lol

>> No.29152491

>>29152084
no my paycheck comes on monday keep holding ty

>> No.29152596

>>29152084
take the hit for us bro
we will remember you

>> No.29152692
File: 1.92 MB, 1387x780, Mr.Micali's Wild Ride.png [View same] [iqdb] [saucenao] [google]
29152692

>>29140766
Because the Defi model and coins are only just starting to act like a pack of cavemen hunting the mammoth ETH. It's taken time and strategy but the giant beast is coming down. Take a look at what BNB is doing and then realize that when news starts hitting and ALGO is handling stablecoin transactions it's going to go nuts.

>> No.29152709

Where are those few knowledgeable anons who restore faith into algo during these crabbing times? Drop some breadcrumbs

>> No.29153100

I like it only because the passive number goes up on Coinbase

>> No.29153273

>>29152709
>Does 5x in a month
>Crabs 30-40c away from ATH despite ATH triggering a fire wall of dilution as rewards are paid out
>Two scheduled dumps are for only 50m coins each which will do nothing compared to what happened with ATH
>Told to expect news in March that will demand attention

Just go do a visit to various ALGO related forums there's plenty of information out there.

>> No.29154052

>>29152709
Basically, if you're looking for a PnD just leave. Sell your Algo. However, the project is designed, on purpose, to NOT be a PnD... its designed to fix the problems with crypto, and gain trust.
DYOR, buy, hold for a few years while you collect APY, and relax

>> No.29154354
File: 22 KB, 620x465, 1456203163352.jpg [View same] [iqdb] [saucenao] [google]
29154354

>>29152709
https://www.algorand.com/who-we-are/our-team

this should reassure you somewhat

>> No.29155133

>>29152290
>ALGO will be worth $100 in three years and $1000 in six years.
>designed to combat high ETH gas fees
>aggressively high APR for longterm HODLing
>no need to stake any of it
>highly monitored to keep prices low
>unlimited market cap

Enjoy HODLing this 1.50 coin for three years that will be 1.60 by then

>> No.29155823

>>29150863
Not sure myself, I'm just going by word of mouth then doing homework on what I hear. I think ADA is another one on the ISO 20022 list.
>>29152692
>ALGO is handling stablecoin transactions it's going to go nuts
That's the crazy thing, ALGO is the infrastructure that handles USDC. That's HUGE.
>>29152709
Don't pump and dump inflationary coins, that's asking to get burned. Don't assume inflationary coins won't hold value either. Just understand ALGO is a long hold, don't expect overnight gains but if you hold out long enough, ALGO has a fighting chance at becoming the primary merchant processor of the world because its capabilities crushes VISA's. Don't expect that battle to begin until at least 2023 but it won't really take off until 2025 and by 2030, the financial processing world will look absolutely different. Why is that?

ALGO can handle 40K+ transactions per second compared to VISA's 1.7K, has significantly lower transactions fees, and FINALIZES orders in 2s.

>> No.29156036

The SECOND this shit coin reaches 1.55 again I'm cashing out. Worthless. I am hoping it happens in the next 4 days.