trade ETH for ALGO?

[Anonymous No.28410694]

I put $500 in coinbase and bought ETH.
I traded it for ALGO

Is this trade a good idea or no?
I'll add more money in a few days when i free up some liquidity.

[Anonymous No.28411090]

I dont care about ALGO, but can somebody please tell me why this board sucks so fucking much? I was trying to start some thread about ethereum, serious discussion. My thread was archived straight away, in the meantime some stupid pajeet is allowed to shill his shitty double MM coin.

What the heck guys? Why I cant have some discussion on this board?

[Anonymous No.28411418]

>>28411090
Nigger we've been having serious discussions about ethereum for the last 4 years, where have you been? You think we want to talk about that shit every single day? No, we want to joke about Vitalik looking like he has aids and find new gems like ALGO.

[Anonymous No.28411503]

I bought ALGO early last year and honestly thought it would top out at a dollar at best due to the supply cap. It's great tech with a great team, but even I'm kinda shocked at how great it's been doing. I honestly don't know how high it could go. 3 bux seems reasonable at this point.
>>28411090
If the bogs deem your thread unworthy then they just tend to magically disappear without a trace. Yo can't beat 'em brother.

[Anonymous No.28411527]

>>28410694
ALGO is aids

[Anonymous No.28411578]

>>28410694
Why didn't you just buy ALGO directly on Coinbase?

[Anonymous No.28411634]

>>28411090
ETH is old news

[Anonymous No.28411826]

>>28410694
>mfw poorfag all in algo since .72
feels food bros, algochads, we're gonna make it. Trust in the ALGOrithm

[Anonymous No.28411943]

>>28410694
Welcome, newfriend. Now GET THE FUCK OUT.
jk, but just one word of advise: don't trust anybody. You are solely responsible for your own decisions. Have fun!

[Anonymous No.28412003]

>>28411578
bro,im new and was trying to figure out how to buy $HOGE like an idiot... but coinbase wouldnt let me take out my ETH for almost a week.

I've come to my senses in the process, and just want to play the cryptos on coinbase for now. ALGO looks good

[Anonymous No.28412039]

>>28411503
ALGO dev portal is amazing, the split contract in ALGO is so easy.

https://developer.algorand.org/tutorials/split-contract-template-javascript/

On ETH its hacky not easily possible or desirable to run that code live and of course requires a whole lot of testing before going live
Example:
https://ethereum.stackexchange.com/questions/63203/is-it-possible-to-split-single-solidity-contract-across-multiple-files

[Anonymous No.28412132]

>PoS vs PoW
I understand that the implementation of PoW is at least partly responsible for ethereum's scalability problems. does ALGO's PoS system compromise on any of the functionality allowed by PoW? I've been reading up on this and as far as I can tell algo is basically already ETH 2.0.

[Anonymous No.28412304]

>>28412003
There isn't anything wrong in staying on Coinbase, prevents rugpulls. Just wanted to make sure you know you can purchase ALGO on Coinbase.

Also you'll get Lifetime rewards for just holding ALGO

[Anonymous No.28412369]

>>28412003
move your algo to algorand wallet (this is an app for phones) as soon as coinbase lets you. coinbase cucks you out of at least 1% of your staking returns, algo wallet will give you it all. the transactions should be quick because algo has been so fast in my experience. i dumped eth because gas fees in addition to 30+ minute transfer times finally got to me, paying 30% of your transaction value on ETH is a huge negative imo.

[Anonymous No.28412436]

>>28411943
actually good advice
biz isn't terrible alll the time

[Anonymous No.28412501]

>>28412304
>Also you'll get Lifetime rewards for just holding ALGO
6% APY compounded daily is an awesome feature

[Anonymous No.28412599]

>>28410694
Bought 10K worth today. Will buy another 10K at the next dip. This thing is going to go ballistic this month. $3 easy in the next couple months.

[Anonymous No.28412681]

what is the APY for Algowallet compared to Coinshit?

[Anonymous No.28412774]

>>28412599
end of march, it'll climb for now then float for a bit, buy volume is still strong but only at 60%, a week ago it was 70% so momentum is slowing down, the market is in a bull run anyways, we don't know how long this is sustainable

[Anonymous No.28412883]

>>28412681
algowallet is 7.33% and coinbase is 6%

[Anonymous No.28413094]

>>28412132
Yeah the 2/3 still applies like in all PoS

ZIL does a nuanced hybrid PoW and PoS at the same time that theoretically is more secure.

All the major ETH hacks I remember have been caused by poorly written contracts. ALGO takes you away from the silly "Contract Language" to languages which are more well known and testable against.

[Anonymous No.28413977]

>>28411503
ALGO is a top ten project. If it was number 7 in marketcap right now it'd be over $10. This is the easiest money in crypto right now.

[Anonymous No.28414388]

>>28413094
>TEAL
>assembly-like
>can also transpile from Python
sounds legit to me

[Anonymous No.28414823]

ready to buy $500 more ALGO. will the price go below 1.30?

[Anonymous No.28415044]

>>28414823
wait for the next market-wide dump, happens every week

[Anonymous No.28415112]

>>28414823
timing the market is a suckers game. if you think its undervalued just buy in. when its $10 you wont remember if you bought in at $1.25 or $1.50

[Anonymous No.28415482]

100k Algo chad checking in. Only 45% in Algo, because I'm being cucked by onchain staking on Polkadot. Would be 100% in if I could

>>28411090
You can't have a serious discussion about a coin, that's being built by a CS dropout, at which you need to spend enormous amounts of money to use.

>>28413094
This. Algorand not being turing complete is a feature. Funny how all the retards were preeching ETH being turing complete, not knowing how much damage that would do to them.

>>28413977
Checkem. Indeed this coin is way above ETH, ADA, and might be even above DOT. I'm not selling even one coin below $10.

>>28412599
>>28412774
Avax which is a complete shitcoin went like 30x in around a week. Since Algorand is a real deal, It's easily going to 20x more

[Anonymous No.28415497]

>>28415044
>>28415112
im in with 1,000 ALGO total

[Anonymous No.28415509]

Yeah I've got 8K algo's looking to buy another 10K if it dips. Worried I'll wait for a correction that may never come. This is the comfiest hold.

[Anonymous No.28415793]

There is always more ALGO to be dumped into circulation. Maybe it will go to a few $, but it's not going to the moon.

[Anonymous No.28416068]

>>28410694
Yes, it's a good trade. Now ignore it for awhile and be surprised at your gains.

[Anonymous No.28416195]

>>28415793
>few dollars
You realize even that's a potential 5X right? Maybe more.

[Anonymous No.28416213]

>>28415793
lmao. can you apply this same logic to public companies that raise money by dilution? $TSLA, $AAPL, $MSFT, and the list goes on. if it's a valuable company then it'll do well.

[Anonymous No.28416336]

>>28415482
>You can't have a serious discussion about a coin, that's being built by a CS dropout, at which you need to spend enormous amounts of money to use.
kinda what I expected, I think the gas fees are gonna completely kill enthusiasm about ethereum, Not tanking it, but it will definitely hinder further price growth

[Anonymous No.28416462]

>>28411418
Based

[Anonymous No.28417013]

>>28411090
it's the ultra dumb money phase of the crypto bubble, random shit pumping for no reason as new people fomo.
It's going to be a repeat of 2018, a tiny minority is going to exit with gains, majority loses. It's a zero sum game for somebody to gain somebody must lose.
Coins with high vc/founders share are going to be the worst
>>28412039
did you just compare a contract that splits funds to multiple addresses to a question about splitting solidity code among multiple files?

[Anonymous No.28417997]

>>28415509

i was waiting for a correction when it was at .80, eventually got in at 1.07 and i dont regret it

[Anonymous No.28418101]

I'm using ALGO for the 6% APY mostly that's like too good of an offer to pass up on

[Anonymous No.28418244]

>>28412436

biz is good for a certain kind of info-gathering, general awareness and obviously shitposting about pajeets and kikes
but newfags should understand that when it comes to where to put your money, 99% of people here are interested parties in whatever theyre suggesting and you wanna think really hard about that before taking someones word, even if they sound good. always DYOR

[Anonymous No.28418362]

>>28418244
ALGO only goes up nigger

[Anonymous No.28418545]

>>28418362

non sequitur faggot

[Anonymous No.28418556]

>>28418244
Literally all you have to do to not get scammed here is don't buy eth chain garbage. Unless that token is on a major exchange, it's a scam.

[Anonymous No.28419299]

>>28416068
save us based silvio

[Anonymous No.28420396]

Come cozy up, ALGOchads:

>>28420341

>>28420341

>>28420341