ALGOCHAD GENERAL

[Anonymous No.29508670]

You'll be crying when you're not getting 8% apy for under $1

[Anonymous No.29508889]

>>29508670

[Anonymous No.29509087]

is this truly a stable coin?

considering just putting all my usd into algo.

[Anonymous No.29509174]

Going to keep holding and buying for 10 years even if it makes me homeless. Ill never sell faggots

[Anonymous No.29509199]

>>29508889
l'algoritmo funziona

[Anonymous No.29509273]

>>29509087
Look at the charts, it's the next cardano, but this time it's good

[Anonymous No.29509300]

>>29508670
milkies know

[Anonymous No.29509325]

>>29508670
it's only 7% now

[Anonymous No.29509376]

>>29508670
I should have sold at 1.7, 1.5, 1.3. Here I am. Hodling til the end.

[Anonymous No.29509487]

Have sold my linkies and holding ALGO and ATOM through this. Addicted to the APY

[Anonymous No.29509493]

>>29509300

[Anonymous No.29509497]

>>29509087
You can get 12% on USDC if you want an actual stablecoin

[Anonymous No.29509499]

>>29509273
>803,000,000 supply

I don't disagree but it seems like "the next X which is the next X" seems like it may become an unfortunate fad.

[Anonymous No.29509551]

>>29509376
might as well wait until its $5+ EOY.

[Anonymous No.29509639]

>>29509300
.

[Anonymous No.29509744]

>>29509300
..

[Anonymous No.29509879]

Imagine doubting the team with direct ties to Biden's nomination for Chair of SEC.

[Anonymous No.29509984]

Bitch I got dat Algo

[Anonymous No.29510079]

I didn't even consider buying ALGO until you started posting those milkers

[Anonymous No.29510110]

I'm swingtrading. Have 22K right now. Trying to get to 30K min before it hits $2

[Anonymous No.29510135]

>>29509984
Algo master race.

[Anonymous No.29510147]

>>29509879
>Biden
Ew

[Anonymous No.29510207]

>>29508670
Why the fuck does Exodus only have a 6.41% APY?

[Anonymous No.29510219]

>>29509497
Ok boomer

[Anonymous No.29510318]

>>29510207
The exchanges all take a cut

[Anonymous No.29510576]

>>29510219
nigger

[Anonymous No.29511362]

>>29509879
i was gonna ask open for a qrd on this algo stuff
i get the 8%, but what else is there?
why is THIS the one?
then i saw you mention the head creeper in charge and made me think sour things of this coin
turn me around on it

>>29508670
OP it's on you and the creep lover to make me want this coin for more than 8% that i can get by swinging my dick on a normal day

[Anonymous No.29511423]

>>29509499
beautiful dubs my friend.
Ya but when it ends up being true, people will shit

[Anonymous No.29511530]

>>29509376
You're right. Just sold.

[Anonymous No.29511597]

Bought 1k at 0.9, am I gonna make it?

[Anonymous No.29511667]

>>29511597
Can you say 1070 Algos in one year?

[Anonymous No.29511668]

>>29510147
Biden has a long history of pumping markets & hating normies. He's not what the libs make him out to be.

[Anonymous No.29511753]

>>29511667
1070 Algos in one year

[Anonymous No.29511757]

>8% apy in crypto
you have to be kidding me

[Anonymous No.29511758]

>>29511668
Biden is a clown and has only a history of being a tool.
What a smile though amiright!?

[Anonymous No.29511760]

I have 75 algos.

[Anonymous No.29511845]

>>29511362
>Governments are already using it for their stable-coin adoption
>Backed by big brain MIT peoples and gov
>It is nice
>Fastest transactions I have ever seen, if you have ever moved ETH or something from one wallet to another you know the pain.
>The fee to send algo is instantly made up by the 7-8% apy, so pretty much free transactions
>milkers

[Anonymous No.29511849]

10k stacklet holding till zero selling at 20.

[Anonymous No.29511914]

>>29511423
I think it will be true in the sense that AVAX and FTM and ADA all pumped hard too as ETH was fucking things up and if alt season starts, it will pump them further. But I don't think any one eth killer will dominate the others.

[Anonymous No.29511958]

>>29511845

[Anonymous No.29512051]

>>29511758
Yeah but he's had a very long history of doing shit for the super rich and pumping for them. Like, the shit liberals blatantly hide.

Biden will rocket pump all this shit don't worry

[Anonymous No.29512056]

i'll buy 2k next dip

[Anonymous No.29512123]

>>29511958
But if you bought Cardano then we would beat the Rothschilds and save the children!!
REEEE

[Anonymous No.29512130]

>>29512051
I have never seen anyone say Biden will pump crypto. Is this a sell signal?

[Anonymous No.29512176]

>>29508670
>>29509639
Who are these girls?
Been wondering if ALGO is a good investment lately.

[Anonymous No.29512178]

>>29511914
The fact that AVAX was as big of a fail as it was says something though, I still see people bitching and moaning that they can't move funds. ALGO is already a working product with more and more people adopting it.
>anything ERC20 is poo

[Anonymous No.29512277]

>>29511757
>Wow I can't believe you aren't all in on a 3461% ponzi that rugpulls in 48 hours

[Anonymous No.29512334]

>>29512176
I just bought so please buy.

[Anonymous No.29512348]

>>29512277
double dubs of basement

[Anonymous No.29512381]

>>29509199
controllata

[Anonymous No.29512397]

>>29511845
>know the pain.
yeah, still waiting on this
https://blockstream.info/tx/3bb46bf2ef0e6ffe764f40d3d665405b6be72385a0a1d76d4196b820a70c745d
any idea when it may finally show up?

i'm in btw

[Anonymous No.29512512]

>>29512130
He wont directly pump it. It will pump because he is a clueless tool.

[Anonymous No.29512538]

>>29512397
good, now download the Algo wallet and transfer your ALGOs there for the full apy

[Anonymous No.29512543]

I own 100, should I buy more? Think it will dip more? I know, it's not much, but may drop a grand that I can afford to lose and just hold for a few years.

[Anonymous No.29512609]

>>29512538
Quick question, how do they know to out the APY in my wallet? Just make sure to connect it to the network and it does it automatically? And how often to they pay, daily or monthly?

[Anonymous No.29512864]

>>29512609
good question
you can disable the rewards on coinbase so they stop accumulating
or you can just transfer your ALGOs and then transfer the remaining rewards when they deposit

[Anonymous No.29512998]

>>29512609
oh shit, I just realized your question is way simpler than I made it out to be
yes, you simply hold your ALGOs in the Algo wallet, you don't have to press any other buttons or enable anything
rewards are added daily, and I believe they compound (someone correct me if I'm wrong)

[Anonymous No.29513085]

What if algo goes to like 5 cents? What good is 8% if my algo is worth nothing ..?

[Anonymous No.29513088]

>>29512609
idk what out the apy means but
>send yourself a transaction of 0 daily to do the compound interest thing
>or if you have a pal that holds as well you can send each other a tx of 0 each day to save on the "fee"

does this make sense friend?
https://algoexplorer.io/rewards-calculator

[Anonymous No.29513242]

>>29513088
checked
so all you do is send yourself 0 algos/day?
how on earth do you send 0 of something??
is this a setting in the wallet?

[Anonymous No.29513325]

>>29513085
anyone that gets in under $1 really doesn't have a reason to sell because on the 8% apy.
Why would a whale shoot itself in the foot like that.
That being said, if it went to 5 cents. I'd buy more and get 8% off that.

[Anonymous No.29513439]

>>29513242
>hit receive
>copy address
>hit send
>send 0 algo to address you just copied
>???
>profit

[Anonymous No.29513514]

I fought like hell since 4am all day trying to swing my way from 8k to 10k stack and finally got it. That was brutal. Almost lost so many Algos. Now I can send to the wallet and let it marinate.

[Anonymous No.29513627]

>>29512130
Indirectly. Biden is a bull in bear clothing.

[Anonymous No.29513693]

>>29513088
I get how APY works, just not sure with coins. So send a 0 transaction to myself from my wallet to my wallet and I get the APY?
>>29512998
Just my wallet or say a Coinbase wallet?
>>29512864
So just leave it in Coinbase? Fuck them. I'd rather keep it in a walket I own to be safe, I just want that APY since I'll probably buy more.

[Anonymous No.29513714]

>>29513085
Have you seen that despite the fact that bitcoin and everything around this violently dumps, ALGO refuses to stay under a dollar? The buy pressure on this thing is insane, and it is now climbing against BTC. This in itself may be the single most bullish indicator you need. While BTC is dumping back, ALGO is proving to be a safehaven that actually has upside and isn't strictly a stablecoin

[Anonymous No.29513780]

>>29513439
Does this have to be done daily or say if I do it once a month, will I still get my rewards for the month?

[Anonymous No.29513791]

>>29512130
it's not that biden himself will do anything; the jews just want to make economic growth under biden greater than it was under trump

[Anonymous No.29513843]

>>29513693
Algo wallet gets you full available APY ( I think it's 7.5% now)
just holding on regular coinbase gives you 6%
holding on coinbase pro gives you nothing
just get the Algo wallet for your phone or tablet, it's worth it

[Anonymous No.29513921]

>>29513791
this
the narrative must be maintained

[Anonymous No.29513986]

>>29513791
This exactly. Biden is of no real worry to the elysium jew class and will make them fortures. He has been for his entire career.

[Anonymous No.29514148]

>>29513843
Thanks, I know Coinbase fucks you, just want to make sure I get the full 7% instead of nothing, I'll take 6% since it's better than nothing, but if I leave it in my wallet, how do they know to send me my APY? Do they have access to the amount if coins I have or something?

[Anonymous No.29514174]

>>29513780
rewards still get paid out everyday regardless of if you do anything or not
I believe this is if you want to compound the interest daily
>>29513439
finally figured it out kek thanks anon
amazing that's even allowed

[Anonymous No.29514257]

>>29513780
>>29513693
Oh, you'll see the rewards start climbing in the wallet slowly (or fast if you gotta big dick)
They redeem when a transaction hits or leaves your wallet if you wanna be specific.
Does this answer your question? I'll literally send you 0 tx if you want every once in a while since I do mine daily anyways.

[Anonymous No.29514274]

>>29511914
Alt coin season is over.

[Anonymous No.29514381]

>>29511845
>fastest transactions I have ever seen
stellar

[Anonymous No.29514384]

>>29513439
>>29514174

fucking kek at how they literally specify this hack in their docs for how to compound:

>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.

https://algorand.foundation/faq

[Anonymous No.29514407]

>>29514148
1) buy ALGOs on coinbase
2) download Algo wallet
3) transfer your ALGOs from coinbase to Algo wallet
4) sit back and collect 7.5% APY
it's that easy anon stop trying to make it complicated
this is why Algo is such a good buy, once you see how slick it is you'll be shocked how you thought it was going to require effort

[Anonymous No.29514436]

>>29514257
Does it work on Binance too?
t. German

[Anonymous No.29514455]

>>29508670
>bought near the top
>bought the bottom so it evens out
Yeah I'm feeling pretty smart right now guys
That was the bottom right?

[Anonymous No.29514590]

>>29514384
I admit it took a retard like me a while to figure that out
just goes to show how big-brained the project is

[Anonymous No.29514634]

ALGOCHADS, what are the chances this 10x this year ?

[Anonymous No.29514712]

>>29514634
This year? Unlikely. 2024? Very likely and more

[Anonymous No.29514778]

>>29508670
Don't get paid until Friday.

Please continue to crash!!!!!!!!!!!!!!

[Anonymous No.29514839]

>>29508670
got in at .11 im still happy

[Anonymous No.29514853]

>>29514436
You can buy it on binance, yes.
how uncut is your sausage

[Anonymous No.29514896]

Bros I just sent all my ALGOs from coinbase to the app...took like 5 seconds. Super fast. Seemed faster or if not just as fast as XRP.

Do I have to do anything now to collect the APY or does it happen automatically?

[Anonymous No.29514913]

>>29514436
yes but move it to the algo wallet to get that sweet 8%

[Anonymous No.29514991]

>>29514896
You don't have to do anything at all, unless you want to compound the gains, since it doesn't do it automatically

[Anonymous No.29515038]

Get a fucking clue guys. It's about opportunity costs. Yeah ALGO will go up this run but nowhere near compared to other coins. This coin will be the FIRST thing dumped out of peoples portfolios for other booming coins the second alt season begins. Enjoy your 2x gains I guess.

[Anonymous No.29515039]

What APY do you get through the Ledger?

[Anonymous No.29515073]

>>29511362

Do you not know how this works? Have you not realized yet. This is exactly how the everything you hate makes its money. You bet on the guys with ties to the dudes who make the regulation. Not fake news like BTC. It’s one of the easiest ways to make money.

When Gensler gets in is going to crab at ATHs. Same with XLM then it’ll be a slow steady rise to the top.

Bitcoin will crash. It may not be today. But it will crash. Xi Jingping will not let anything take dominance over the yuan and the biggest bitcoin bags are in China. Then America will take over financial institutions like the globalist want us to. Like come on. Nobody even contested against the election you might as well bet on the dudes rigging it.

[Anonymous No.29515085]

>>29508670

>8% APY
>Impressive

>I can invest in EGG/VIKING or any of the 15 million clones for impossible APY% per year

lmao, just fucking lmao

[Anonymous No.29515107]

Why buy this shit for 8% when you can get 13% for DOT or 16% for KSM?

[Anonymous No.29515114]

>>29514991
do gains ever get compounded on a monthly or even annual basis without a transaction going through to trigger it?

[Anonymous No.29515117]

>>29514896
>Seemed
This. Let's not get carried away.

[Anonymous No.29515169]

>>29515085
Let me know if your food/anime tokens are still around next month

[Anonymous No.29515225]

>>29514257
Yes, I got smart and actually read how it works. Thanks bro. Fucking Coinbase, I'll send to my wallet. Maybe even buy another 100.

[Anonymous No.29515343]

>>29515107
Its easier and you don't need to be rich if you want to store off exchange.

[Anonymous No.29515350]

>>29515114
This. I got it now, but do I have to do it daily?

[Anonymous No.29515360]

>>29508670
Is the apy based on the amount of coins you hold or the dollar amount?

[Anonymous No.29515457]

>>29514381
algo is faster and 8% apy btw.

[Anonymous No.29515485]

A lot of the day Algo was pushing to $1 when BTC was trying $50k. But now Also wants to jump $1 on its own. Feeling the power, high torque crypto.

[Anonymous No.29515493]

>>29515360
coins

[Anonymous No.29515497]

>>29515350
you'll see your gains will accumulate daily but I don't think they compound daily
I'm just wondering if they EVER compound on their own
t. only had an Algo wallet for a week

[Anonymous No.29515508]

>>29515114
No, they don't get added until a transaction happens
>>29515350
You don't have to do it daily if you have a small stack. Use this calculator to find out how often to do it. desmos.com/calculator/uxbpvxfjbm

[Anonymous No.29515537]

>>29514257
Retard, you don't have to do anything. It gives you rewards daily without you doing anything other than keeping it there.

[Anonymous No.29515573]

>>29514407
its the absolute coziest coin there is. it takes seconds to move it around from anywhere and to anywhere and the wallet is super easy and simple - you literally do nothing and never have your coins locked like tezos, ADA, cosmos, etc.

[Anonymous No.29515575]

>>29515457
7.17% APY, not 8% anymore

[Anonymous No.29515665]

>>29515537
somehow, I don't think you understand what he's getting at

[Anonymous No.29515674]

>>29515537
compound

[Anonymous No.29515699]

>>29515508
Wrong. Do absolutely nothing and check the next day. This is suck basic shit stop spreading misinformation

[Anonymous No.29515707]

>>29514853
Very uncut. But I meant the APY.
>>29514913
Alright thanks.

[Anonymous No.29515711]

>>29515169
should be, there's no way to rug them given the fact that the contracts themselves have a withdrawal feature for the staked funds and 24h timelocks in place

[Anonymous No.29515712]

>>29512998
You need a transaction to start the compounding. So send yourself 0 ALGO to trigger a transaction and it will start compounding. Depending on how much you're earning it's worth it to do this every few days/weeks since you'll be paying a tiny fee for the 0 transaction.

[Anonymous No.29515713]

>>29508670
>>29509300
>>29509493
>>29509639
>>29509744
thanks just bought 100k. anime tiddies never disappoint.

[Anonymous No.29515761]

Has anyone hooked this up to their ledger?

[Anonymous No.29515865]

how to stake ALGO outside of jewbase?
I dont like these faggots taking 20% of my rewards each day.

[Anonymous No.29515894]

>>29515575
this is /biz/ im rounding up at .17

[Anonymous No.29515955]

>>29515865
move it to the algo wallet

[Anonymous No.29515977]

>>29515865
download the official algorand wallet. move them in like 5 seconds from cornbase to algo wallet, backup your wallet, enjoy cozy rewards with no stake locking.

[Anonymous No.29516030]

>>29515977
>>29515955
Can't I use Metamask? Does it HAVE to be ALGO wallet?

[Anonymous No.29516036]

>>29515674
>>29515665

[Anonymous No.29516144]

>>29516030
you're retarded if you use metamask scam rug pull browser extension anyway and should give me all of your algo.

use the official algo wallet, keep in coinbase, or try something like exodus.

[Anonymous No.29516154]

>>29516036
my sides
you really don't understand
don't worry, the light will come on some day anon

[Anonymous No.29516162]

Bought 4K worth before it hits a dollar, bought before at 55 and 85 cents too. The app is comfy asf desu

[Anonymous No.29516257]

>>29515761
Yes I do it works amazing on ledger live and they have a "claim rewards button" so you don't even have to send yourself a transaction to compound. I have 5k algo and no other crypto it will absolutely take off in the future everyone in this thread is gonna make it bros

[Anonymous No.29516270]

>>29514455
Literally me

[Anonymous No.29516283]

>>29514455
just buy more if it goes down, thats a sale at that point

[Anonymous No.29516465]

>>29516257
So would my ALGO be stored on the ap or on the ledger?

[Anonymous No.29516470]

>>29516154
Holy shit your dense, even when it's right there infront of you. I half think you're just baiting me into explaining it to you to save face.

The rewards are added to your TOTAL BALANCE daily, meaning that tomorrow you will also make interest on yesterday's interest. You don't need to do anything at all for this to happen. Go back and look at the wiki page for stock trading, and actually read it this time.

[Anonymous No.29516471]

>>29516144
I use Coinami, fuck it or get the official Algo wallet?

[Anonymous No.29516472]

>>29515508
>Use this calculator to find out how often to do it. desmos.com/calculator/uxbpvxfjbm
ok but where is the brainlet version of this
I can't even begin to figure out how to use this

[Anonymous No.29516587]

>>29516471
Coinomi works I guess

https://coinomi.freshdesk.com/support/solutions/articles/29000036737-staking-in-coinomi

[Anonymous No.29516595]

>>29516472
That guy has no idea what he's talking about. Open an Algo wallet and just read the FAQ yourself.

[Anonymous No.29516609]

>>29516470
>read
ha, good one anon

[Anonymous No.29516632]

I'll buy back in at 40 cents or so. Sold at 1.30

[Anonymous No.29516684]

>>29516465
Ledger

[Anonymous No.29516782]

>>29516595
then why on the algoexplorer.io does it tell me that rewards are "accrued daily only when your account sends or receives a transaction"?
that is a quote verbatim from the website

[Anonymous No.29516870]

>>29516283
I"M OUTTA OF MONEY BUYING "DIPS"

[Anonymous No.29516906]

>>29516782
>>29516595
whoops meant "rewards are accrued only when your account sends or receives a transaction"

[Anonymous No.29516988]

>>29516870
time to start working the corner again anon

[Anonymous No.29517137]

>>29516782
That's not Algorands wallet. You should have known that when you realized Algo is US based and your url ends in .io

You're getting scammed

[Anonymous No.29517186]

>>29516595
>>29516472
The instructions are written in plain English, and if you genuinely can't figure out how to do this, stop wasting your time in crypto and instead apply for autismbux
>put how many algos you own into p
>click purple line
>purple line will now show an X value
>type that X value into N
>Now it tells you how often to compound
For example, at an APY of 7.17% and 2391 ALGOs, I should send myself a 0 transaction once every 4.5 days for maximum gains with minimum losses to the .001 fee

[Anonymous No.29517511]

>>29517186
>The instructions are written in plain English
the ui is very unfriendly to any non-math savvy anons

[Anonymous No.29517525]

>>29516782
Look at my wallet, the only transaction I have is when I initially sent them to this wallet. It's clearly been accumulating compound interest.

[Anonymous No.29517650]

>>29517525
>>29516782
Sorry, forgot the pic

[Anonymous No.29517822]

>>29517525
Please look up the difference between compound and noncompound interest

[Anonymous No.29517859]

>>29516587
Awesome, thanks fren. I just don't want to lose out on that APY.

[Anonymous No.29518011]

>>29508670
SILVO MICALI THE ALGOTHAD WILL LEAD US ALGOCHADS TO THE PROMISE LAND

[Anonymous No.29518034]

>>29517650
>>29517822
wtf
why is there so much contradictory and misleading info in crypto
also, explain how this site is a scam/not connected to algorand https://algoexplorer.io/

[Anonymous No.29518238]

>>29517511
just tell me how much algos you have and I will calculate it for you
>>29518034
Chain explorers exist for every blockchain. It has no access to your funds, only shows how much is happening at all times, including your total accumulated rewards.

[Anonymous No.29518247]

>>29513714
have you considered that it''s just rebounding from dumping 50% last week while everything else was mooning?

[black star !x8ngkAZjXE No.29518311]

there are massive sell signals itt

[Anonymous No.29518345]

>>29517822
You're an actual retard, just look at the pic. So far I've accumulated 4% of my 7% in only 19 days. That would mean I reach my 7% in less than 100 days. That's because WITHOUT ANY TRANSACTIONS I'm accumulating compound interest.

[Anonymous No.29518353]

>>29518238
>Chain explorers exist for every blockchain. It has no access to your funds, only shows how much is happening at all times, including your total accumulated rewards
that's what I thought, I don't know what this anon's going on about >>29517137

[Anonymous No.29518447]

>>29518238
>just tell me how much algos you have and I will calculate it for you
15k ALGOS
ty ty

[Anonymous No.29518522]

>>29518034
Because they are retarded and not using the actual Algo wallet. Use the Algo wallet and you will not have to do anything that retard is saying. Here's a better calculator btw https://www.axosbank.com/Tools/Calculators/APY-Calculator

[Anonymous No.29518578]

This needs to dump to 0.8, PRONTO

[Anonymous No.29518650]

>>29518353
You don't have to make a transaction to aquire the compound interest if you use the actual Algo wallet. Your rewards add to your total daily without you doing anything.

[Anonymous No.29518667]

>>29518522
I AM using the Algo wallet

[Anonymous No.29518673]

>>29518447
According to the calculator, your optimal gains are when you do a 0 transaction once every 1.79 days or roughly once every 43 hours.

[Anonymous No.29518777]

>>29509744
checked.
I can't tell if she's winking or dropping a deuce.

[Anonymous No.29518796]

>>29518578
Great, now it's past $1, sigh... I'll wait for the dip again. It seems to be up and down. At least I got my 100 so far.

[Anonymous No.29518856]

>>29518667
And for the love of god, ignore this retard. I genuinely can't tell if he's elaborately trying to fud, or actually sub 80 IQ and incapable of reading or understanding what compounding is

[Anonymous No.29518863]

>>29508670
What is algo good for? Like what does it actually do compared to something like Link or GRT

[Anonymous No.29518864]

>>29518650
>>29518673
ok
you know what
I'm going to do what BOTH of you are saying
there
ARE YOU HAPPY NOW
I WILL BOTH COMPOUND MY ALGOS AND NOT COMPOUND MY ALGOS
AND I WILL HAVE MORE ALGOS BAHAHAHAHAHAHAAAAAA

[Anonymous No.29518915]

>>29518667
Algoexplorer.io is not the wallet

[Anonymous No.29518940]

>>29518667
>>29518856
meant him>>29518650

[Anonymous No.29518962]

>>29518856
I'm inclined to agree with you
I'm extremely sleep deprived which is sending my autism into overdrive, I can't read into shit very well right now

[Anonymous No.29518996]

>>29518864
Based.

[Anonymous No.29519049]

>>29518915
NO FUCKING SHIT RETARD HOLY FUCK

[Anonymous No.29519182]

>>29518777
ch-ch-checked!
imagine the smell...

[Anonymous No.29519499]

>>29515038
Yeah good point

[Anonymous No.29519525]

>>29518864
I'm not saying to not compound your Algos, I'm saying it happens automatically. The wallet does it for you, his advice will lose you money.

[Anonymous No.29519602]

>>29515977
>backup your wallet
how

[Anonymous No.29519611]

>>29515038
I'm swing trading this shit. I have 22K, trying to get to 50K. Then if it hits $2 I'll celebrate

[Anonymous No.29519614]

>>29519049
You thought it was retard.

[Anonymous No.29519703]

>>29508670
I KEEP BUYING BUT IT KEEPS GOING DOWN

[Anonymous No.29519839]

>>29508670
>You'll be crying when you're not getting 8% apy
How is 8% APY a good deal when there's 8% inflation?

[Anonymous No.29519891]

itt
Algochuds
Nothing to do with Algo, but we've now gone about 100 replies with only quibbling about compound interest.
Ya'll need to take a note from XSG and stop spoon feeding so much.
A single explanation is suffice.

[Anonymous No.29519901]

>>29519703
Hook me up, keep buying so I can buy in the 80 cents range please.

[Anonymous No.29519958]

>>29519839
Because that means the cost of the Algo will go up 8% too, more most likely.

[Anonymous No.29519993]

>>29519614
holy shit somebody more autistic than me
no I never thought that was the wallet KEK
who's the retard now

[Anonymous No.29520034]

>>29509087
That's not a bad idea

[Anonymous No.29520162]

>>29519525
>>29519525
nigger listen here
you made me open my fucking Algo wallet and read the fucking FAQ just to figure out if you really were as retarded as I thought:
*ahem* and I quote
"Is compounding rewards automatic? The participation rewards are calculated automatically, however the COMPOUNDING EFFECT IS NOT AUTOMATIC."
you were saying something about reading?

[Anonymous No.29520179]

>>29519993
>>29519614
>>29519049
>>29518915
>>29518667
>>29518522
>>29518034
>they were all only pretending to be retarded

[Anonymous No.29520188]

>>29518345
>would mean I reach my 7% in less than 100 days

what happens after your reach 7%

[Anonymous No.29520193]

>>29519993
>We were talking about the algo wallet
>"But this site says..."
>That's not the wallet
>Lol Im not retarded you're retarded
Go wipe your ass pajeet.

[Anonymous No.29520310]

>>29520193
if not trolling you are the most retarded person I've come across all week here, and that's saying a lot coming from a retard like me

[Anonymous No.29520312]

>>29520162
Post it retard. I'm the only one so far to post an actual image, you're either lying or retarded. I even posted a picture of my wallet clearly showing that I've aquired compound interest without any transaction.

[Anonymous No.29520330]

>>29514407
How do you transfer them though?

[Anonymous No.29520389]

>>29520193
what is "talking about multiple topics at once"

[Anonymous No.29520422]

>>29510576
Takas ylikselle homo

[Anonymous No.29520482]

>>29520188
It keeps going because APY stands for Annual percentage yield, not <100 days percentage yield. That means that by the end of the year it'll mean my apt is much more than 7%, and the only way that's possible would be if I'm automatically acquiring compound interest.

[Anonymous No.29520492]

Jesus fucking christ yall are fucking retarted

[Anonymous No.29520510]

>>29520312
no bitch nigger
you'll have to take the effort to open your Algo wallet and read it yourself, I'm done wasting my time with you
it might be difficult for you though, you'll have to click a link that says FAQ that's right smack in the middle of the page

[Anonymous No.29520536]

>>29508670
Poorfag here. Had to liquidate a lot of my assets last week because I sensed trouble was coming, and thank God I did, because trouble came. Made out with almost $4000 from an initial $400 investment in December (mostly thanks to ALGO, ADA, GRT, and NU).

That being said, I kept the following:
300 ALGO
300 ADA
50 XTZ

And I'm probably going to add 30 or 40 ATOM to that list very soon.

How did I do for a povertyfag?

[Anonymous No.29520625]

You have to send yourself a zero ALGO transaction for your rewards to be compounded.

Your balance automatically reflects the rewards you've accumulated but they are not yet compounded.

[Anonymous No.29520650]

>>29520389
That's not how conversations work, maybe you don't know that because you're not a native English speaker. If you say X and I disagree, you don't just change the topic because you were wrong.
>>29520310
You even admit to being retarded, you need to realize that you are infact being retarded now.

[Anonymous No.29520662]

>>29520492
This is such a shit show, maybe I'll buy more because no one knows what going on, probably a good time to buy if /biz/ isn't cultish about it.

[Anonymous No.29520715]

>>29520510
I already did and posted proof. Thanks for admitting to lying.

[Anonymous No.29520733]

>>29520536
>ATOM
what's this one do exactly

[Anonymous No.29520820]

>>29520625
Wrong, and I've proved you wrong multiple times. Read the thread, look at the pictures, do the math. You're wrong

[Anonymous No.29520884]

>>29518311
How so? And dont you dare tell me to Dyor like other fags in here... how the hell am I supposed dyor when I dont even know how/what to be looking for or asking.

[Anonymous No.29520927]

Hmm.. question. If you purposefully compound at 1 cent intervals, say with an automated process, what do you report to the taxman? That you have no taxable gains? Or would you have to sum the fractional taxes on 1 cent rewards? Because if not... I think something very, very special will happen with this coin.

[Anonymous No.29520931]

>>29520625
don't wast your time on him, he's hopeless

[Anonymous No.29521045]

>>29520662
i have been in since .11 its always a good time to buy,but this is a long bumpy road.

[Anonymous No.29521053]

>>29520733
Seriously promising DeFi project with a big and fully functional ecosystem. Had a big stack of it last year when it was much cheaper. Wish I didn't cash it out because it really took off this year. It's viewed by a lot as a top competitor to DOT.

[Anonymous No.29521421]

>>29520536
Here's the deal.
Start starving yourself to hold that bit you have if you ever want to make it out.

[Anonymous No.29521435]

You guys think it will bit $1000 in a few years?

[Anonymous No.29521456]

>going to be earning just under 5 algos per day

feels good lads.

[Anonymous No.29521604]

>>29521435
No

[Anonymous No.29521611]

>>29521421
Oh, I'm never selling that little stack, and only plan on adding to it.

[Anonymous No.29521751]

>>29521456
>earning almost 4/day
feels good man

[Anonymous No.29521998]

How can you idiots not figure this shit out on your own ffs? Just fucking read or look it up on google jesus fucking christ

[black star !x8ngkAZjXE No.29522035]

>>29520884
You are one of the sell signals

[Anonymous No.29522038]

>>29520927
I believe the tax man sees interest generated as a fixed income source but any value gained from the rise of value will be considered capital gains once you sell. So it's double taxed. Not 100% sure though, I hope someone more knowledgeable can chime in

[Anonymous No.29522068]

Any bot users here want to discuss calibrating claiming intervals? Whats the shortest interval you have?

[Anonymous No.29522148]

>>29522035
you know what to do faggot

[Anonymous No.29522167]

>>29516470
dont bother explaining it to them. Just hold and chill. Yes, I understand you. Its automatically added to your balance and then compounds on that.

[Anonymous No.29522176]

>>29521456
>>29521751
>mfw poorfag but have enough a stack to make a little bit over 1algo a week

[Anonymous No.29522385]

>>29522167
read the participation rewards FAQ in the Algo wallet
rewards do not compound automatically, only after transactions
it's in the FAQ

[Anonymous No.29522438]

>>29522038
Now I'm wondering what happens if you sell bot compounded rewards at a "loss" relative to the entry price of the principal. Is it a write off?

[Anonymous No.29522592]

Stop catching knives you idiots, let it dump and accumulate more.

[Anonymous No.29522640]

>>29522176
Same here. I'm pulling in 1.something ALGOs a week. I had a stack of 600 before this >>29520536 though.

[Anonymous No.29522645]

>>29522438
Interesting... you would negate your interest earned but could off set capital gains from other coin profits. Careful gaming the system like so

[Anonymous No.29522897]

>>29522438
wait no, I don't think so unless you're LIFO, if it's FIFO you'll pay the capital gains on the principal before you reach the coins from interest which the cost basis would be market value, I believe. Not a tax expert and crypto's taxes are beyond fucked so really, someone more knowledgeable could chime in right now

[Anonymous No.29522919]

>>29522385
Thank you for being persistent. You changed my mind. I read the FAQ!!! You are right!!

[black star !x8ngkAZjXE No.29522972]

>>29522592
they have no idea what you are talking about. this is a whole new 2020-21 flock of cryptokitties

[Anonymous No.29523024]

>>29522919
I suppose I should thank that retard for making me actually read to figure out he's wrong

[Anonymous No.29523105]

Ok I just dumled 4k Aud into Algo i hope u cunts are right

[black star !x8ngkAZjXE No.29523167]

>>29523105
you dun effed up

it's a falling knife like the anon said.

[Anonymous No.29523202]

>>29523167
lolwut

[Anonymous No.29523222]

So what's up with the 200 million algo staking program, is it still too late to join or is it worth it?

[Anonymous No.29523233]

>>29523105
>>29522592
Bro the next target support is 80 cents usd

[Anonymous No.29523248]

>>29523105
>>29523202
Its going to drop a lot more
ZOOM OUT

[Anonymous No.29523276]

>>29523222
ALGO auto stakes for the next 9 years.

[Anonymous No.29523373]

>>29523202
he means this is what your hands will look like catching these bags
the dumps isn't over anon

[Anonymous No.29523408]

>>29523276
So you have to sign up or what? I looked into it, I don't know, they are asking a lot of info.

[Anonymous No.29523420]

>>29523373
Oh god

[Anonymous No.29523492]

>>29523408
>auto

[Anonymous No.29523630]

>>29523373
Jfc story please

[Anonymous No.29523699]

>>29523408
It is automatic you fucking mungeon.

[Anonymous No.29523827]

Waiting for 0.4

[Anonymous No.29523887]

>>29511757
If you buy at $1 and the coin goes to $5 youre getting 40% your initial investment. When its $50 thats gonna be 400% you fucking retard, now buy ALGO

[Anonymous No.29523902]

>>29523630
no clue about the story, just needed a picture of a stabbed hand for shitposting and this one seemed suitable

[Anonymous No.29523903]

>>29509497
>0.12%

[Anonymous No.29523904]

>>29523408
You just have to have usdc or tether in the same algo wallet and it automatically does it

[Anonymous No.29524098]

>>29523630
Thats what happens when youre a paper handed faggot.

[Anonymous No.29524189]

to put the question to rest
>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."

[Anonymous No.29524233]

We getting sub 0.50 by the end of the month?

[Anonymous No.29524267]

>>29514778
Same, out of capital at the moment and wanted so bad to buy under .90

[Anonymous No.29524297]

>>29524233
those dubs have me hopeful we do

[Anonymous No.29524304]

>>29524189
Saw this as well, good post fren, guys, just Google their main website, it says it right there. The "doing it every 48 hours" guy is correct to get that compound.

[Anonymous No.29524424]

i have 83 Link (a little over $2k). should i sell it all and pick up a couple of thousand algo tokens?

[Anonymous No.29524548]

>>29524424
I would not go all in right now, maybe buy some if it won't hurt watching it bleed out for a few months
wait to see how hard algo dumps, it has historically dumped after each Feb and August pump since its release

[Anonymous No.29524579]

>>29524424
no dont sell LINK ever

[Anonymous No.29524742]

>>29524579
>>29524548

got it

[Anonymous No.29525088]

>>29524233
Sub 50 end of week.

[Anonymous No.29525196]

>>29524548
HOLY FUCK EVERY FEB AND AUGUST!!!! THATS LIKE TWO WHOLE DATA POINTS FUCKING GENIUS TA WHY DIDNT l THINK OF THIS I MEAN HOLY FUCKING SHIT YOUR SO GOD DAMN SMART HIW CAN I BE SO BASED LIKE YOU?

[Anonymous No.29525433]

>>29525196
if it doesn't dump this time I will be happy
if it does like it has consistently so far I will still hold and buy more
we shall see soon, fren , we shall see

[Anonymous No.29525605]

>>29525196
>>29525433
and it's 3 data points if you count the public ICO
it will be 4 data points if it continues to dump after this month
that's about as consistent as I've seen in crypto price movements

[Anonymous No.29525621]

8% apy?

I'm getting 1000 on my eggs you retarded algofags

[Anonymous No.29525714]

>>29525621
>eggs
I'm sure that project is going to last a long time and that it's absolutely never going to become a pump & dump situation.

[Anonymous No.29525879]

You faggy cucks are going to ruin this.

[Anonymous No.29525928]

>>29510318
Isn't Exodus only a wallet though? I can't blame them if they do, it's stupid easy to stake on ALGO wallet.

[Anonymous No.29526048]

>>29525714
no bro this is the first legit real and not scam food token

[Anonymous No.29526057]

algo chads right now only a tiny amount of the coins is released, don´t you think the coin will dump hard if they release the rest? I mean you can sell at any fucking moment.

It´s really great tech and a really good coin, but you should play it more like a bond type of thing? You buy in at a very low price and generate your 7% return without doing anything.

[Anonymous No.29526268]

>>29525879
>people selling are the cucks, not bagholder me

[Anonymous No.29526354]

>>29525928
>>29510318
>>29510207
Exodus is not an exchange. It has an optional exchange feature built-in for those who need it. Exodus does not take a cut of your ALGO rewards. Its APY calculation is based on documentation by the Algorand project, and apparently the APY shifts downwards over time, and then starts moving upwards again over time, but ALGO earnings should always be between 6.2 and 7.8 percent. The APY is not static for ALGO, and unfortunately never will be.

In general, Exodus is a great wallet, and while they don't take a cut of your ALGO rewards, with XTZ and a couple of other cryptos, their staking pools do take some off the top.

[Anonymous No.29526391]

If you guys think ALGO isn't going anywhere, why is this about to hit the bump limit?

[Anonymous No.29526452]

>>29526391
It's going straight to 60 cents, which is perfect to quadruple my stack that I sold.

[Anonymous No.29526484]

>>29526391
there was a heated debate between retards
t. me and some other retard (note number of posts by my ID)
it was resolved>>29524189

[Anonymous No.29526873]

>>29514407
done, now the waiting game...

[Anonymous No.29527405]

>>29526452
>>29526484
I hold 100k of this shit in my IRA. kek. not fucking selling until $15-20 (due to tax + penalty withdrawal from an IRA). then I'll be taking out 2/3 of it out to buy a house in cash and let the other steak and bake (even though they don't send rewards thru my IRA yet, it uses coinbase prime and I asked one of the devs and he said it's on their roadmap). thank you Silvio for paying for my Italian Villa.

[Anonymous No.29527415]

436 algos here, am i going to make it fellas tell me the truth

[Anonymous No.29527495]

how many algo to stake to generate 1 algo per day?

I calculated about 4400. Anybody have real numbers?

[Anonymous No.29527609]

https://www.finextra.com/pressarticle/86275/ledgermatic-to-use-algorand-blockchain-for-digital-asset-treasury-offering?utm_source=dlvr.it&utm_medium=twitter

[Anonymous No.29527615]

I bought the top I’m ngmi

[Anonymous No.29527693]

>>29527615
did you sell? If not, you definitely can still make it.

[Anonymous No.29527709]

>look 5 seconds ago
>It was at 0.90
>Look again
>It's at 1.00

Magic

[Anonymous No.29527712]

>>29527415
>436
fuck no and you're too dumb to hold this high IQ coin. sell and buy yourself some BNB or something.

[Anonymous No.29527742]

>>29527495
>https://algoexplorer.io/rewards-calculator
Right now it's about 5600 to get 1 algo per day, it all depends on the current yield

[Anonymous No.29527755]

>>29527405
how did you get it included in your IRA?

[Anonymous No.29527776]

>>29527693
No I’m a poorfag anyway

[Anonymous No.29527801]

>>29527415
ALGO's not my only hold right now, but I plan on keeping my ALGO and ADA roughly equivalent, and am working towards having at-least 750 of each by the end of this month. You'll get there. Just dump whatever extra change you have into ALGO every week or two.

[Anonymous No.29527827]

>>29527776
>Sara
post tits or gtfo

[Anonymous No.29527922]

>>29527776
show bob and vagene

[Anonymous No.29528145]

>>29526484
summed up perfectly this has been a total shit show

[Anonymous No.29528178]

>>29527922
>>29527827
No Rajeev.

[Anonymous No.29528314]

So ALGO is the dedicated breast coin?

[Anonymous No.29528405]

>>29528178
it's the rules, don't you know?

[Anonymous No.29528433]

>>29527755
bit.
ly/
2YYqN4x

picrelated

[Anonymous No.29528661]

>>29527801
I have 38 Atom and 461 xlm. I'm new to this. I feel that that these are long term holds, kinda wish I was putting money into short term coins but that's scary

[Anonymous No.29529081]

>>29528661
that's pretty good senpai, i'm in a similar position in alt coins myself but also have bancor

ALGO, ATOM, BNT, XLM will take us to retirement - only thing i would maybe move would be XLM into ALGO or GRT but I'm holding out in the event XLM takes off with more shitty soviet bloc or 3rd world nations adopting its use

[Anonymous No.29529317]

>>29529081
I'll take that into consideration

[Anonymous No.29529355]

atom and algo held their own during the doomp
both offering staking rewards
chads coin of choice
i'll make sure to honk at you from my lambo

[Anonymous No.29529410]

>>29529355
>during the doomp

[Anonymous No.29529543]

algochads how much did you buy during the dip today?

bought the dip yesterday with $100, tossed another $50 in today

[Anonymous No.29529608]

>>29529410
>more crystal ball predictions
make sure to also consult anon on what numbers the lotto will draw

[Anonymous No.29529615]

is the dip over?

[Anonymous No.29529621]

>>29524548
I hate this feb / august nigger, every. fucking. thread

[Anonymous No.29529696]

>>29509497
with what wallet?

[Anonymous No.29529972]

I got 1232 ALGO. Should I sell 400 to recoup initial investment and hedge against this dip, 600 to be more safe against the dip or all of it?

[Anonymous No.29529984]

>>29529615
Heck no
ZOOM OUT
PLEASE ZOOM OUT

[Anonymous No.29530086]

>>29529972
Do you need the money?

[Anonymous No.29530093]

>>29529986
>>29529986
>>29529986
>>29529986

new thread

[Anonymous No.29530137]

>>29529543
250$

Excited to see tomorrow AM price, hopefully drops out and I can buy a few hundred more.

[Anonymous No.29530247]

>>29530086
I mean I’m saving up for my wedding so any bit helps.

[Anonymous No.29530476]

>>29530247
lol retard. Might as well cash it all out, you won't be needing it

[Anonymous No.29530861]

>>29529621
call me in March
if it doomps, I buy more
if it poomps, I'm rich
so sue me