/ALGO/ Algorand General #6

[Anonymous No.28610091]

did you buyed? edition

>What is Algorand
Algorand is an open source permissionless public blockchain based on a pure proof-of- stake consensus protocol—the first of its kind to support the scale, open participation, and transaction finality for billions of users.
https://www.algorand.com/
https://community.algorand.org/blog/what-is-algorand-quick-guide-and-overview/

Silvio Micali, founder and developer of Algorand:
>Silvio Micali has been on the faculty at MIT, Electrical Engineering and Computer Science Department, since 1983. Silvio’s research interests are cryptography, zero knowledge, pseudorandom generation, secure protocols, and mechanism design and blockchain. In particular, Silvio is the co-inventor of probabilistic encryption, Zero-Knowledge Proofs, Verifiable Random Functions and many of the protocols that are the foundations of modern cryptography.
>In 2017, Silvio founded Algorand, a fully decentralized, secure, and scalable blockchain which provides a common platform for building products and services for a borderless economy. At Algorand, Silvio oversees all research, including theory, security and crypto finance.
>Silvio is the recipient of the Turing Award (in computer science), of the Gödel Prize (in theoretical computer science) and the RSA prize (in cryptography). He is a member of the National Academy of Sciences, the National Academy of Engineering, the American Academy of Arts and Sciences and Accademia dei Lincei.
>Silvio has received his Laurea in Mathematics from the University of Rome, and his PhD in Computer Science from the University of California at Berkeley.

>Proof of Stake (PoS)
ALGO uses PoS protocol so every single user gets free money for holding ALGO, be it 1 ALGO or 10k ALGO

>Where to buy ALGO
Coinbase
Binance
Kraken
Bittrex

>Get the official wallet to get 8% APY, Coinbase only gives you 6%
https://www.algorand.com/wallet
https://wallet.myalgo.com/home

previous >>28564832

[Anonymous No.28610202]

IMAGINE not buying the 1.50 dip

I invested in an extra $1000 at 1.50 because it was so obvi to pick right back up

[Anonymous No.28610255]

hi frens will we get through 1.70 in a few minutes?

[Anonymous No.28610265]

>>28610202
i bought my entire stack at 1.7
really tempted to swing if this shit hits $2.00. AAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.28610271]

>>28610091
6k Algonaut reporting in.

[Anonymous No.28610329]

>No-coiners and Pajeets actually thought it was gonna dip to $0.50
>Completely neglected to research and understand the real world utility of the coin
>Mfw

[Anonymous No.28610440]

>>28610265
anon I tried swinging at $1.50 and got burnt for it, I'd recommend against it kek

[Anonymous No.28610498]

>>28610265
>shows up late
>swings
Remember to cope before you rope.

[Anonymous No.28610523]

>>28610091
5K ALGOnaut reporting for duty.

[Anonymous No.28610534]

>selling an ISO 20022 standard coin

[Anonymous No.28610556]

what's this pattern called

[Anonymous No.28610559]

>>28610440
>tries swinging the floor

based /biz/nessman

[Anonymous No.28610565]

>>28610265
you don't swing ALGO, it's a long position and punishes PnDers. ALGO is the tank class in an RPG

[Anonymous No.28610611]

>>28610534
are you fucking kidding? this coin is 20022? holy fuck i just got goosebumps. i knew i was buying something important, but i had no idea how important.

[Anonymous No.28610693]

>>28610556
Steep price walls, good support floors but hard to pass price barriers. When a wall is being hit head on is when volatility occurs but with a buy ratio of 70%, expect ALGO to have high tension leaning towards BUY orders

[Anonymous No.28610906]

>>28610255
>>28610611
>something important
yes

[Anonymous No.28610915]

2111 ALGOnaut reporting in

[Anonymous No.28610966]

>>28610915

How does 2 million a year and 140K in interest sound?

[Anonymous No.28611039]

2
0
0
2
2

[Anonymous No.28611089]

let's laugh at this retard for shorting >>28591597

[Anonymous No.28611102]

2 0 0 2 2

ALGO IS FORGED OF RIPPLE'S WET DREAM

[Anonymous No.28611142]

How does the 8% interest work?

[Anonymous No.28611211]

>>28610534
>ISO 20022
>"In July 2018, the Federal Reserve Board of Governors requested comments on the proposed adoption of the ISO 20022 message format in a migration beginning in 2020 and ending in 2023." -wikipedia
Everyone here is still early, completion of ISO 20022 adoption in the Federal Reserve will be by 2023. If you sell now for quick PnD tendies bucks, you'll kick yourself in the future.

[Anonymous No.28611252]

Got 10k to spend, sell me on algo

[Anonymous No.28611287]

>>28611252
algo go brrrrrrr

[Anonymous No.28611321]

>>28611252
how does elon musk’s wife for 19 nights at trump tower sound?

[Anonymous No.28611336]

>>28611252
how does 2 trillion dollars sound?

[Anonymous No.28611383]

>>28611142
you leave algorand in your wallet
you do nothing
???
you automatically get 7-8% interest.

[Anonymous No.28611418]

>>28611321
She's not my type, sorry

[Anonymous No.28611466]

>>28611142
it's free real estate and algos

[Anonymous No.28611582]

>>28611383
So keeping this stuff on your Binance account seems real stupid.

[Anonymous No.28611639]

>WAGMI

[Anonymous No.28611688]

>people shitting pants about GRT
>muh Google of blockchain
>Algorand already has a functioning built in indexer

Is there anything this thing can't do

[Anonymous No.28611728]

>>28611582
yes keeping it on any exchange is stupid. coinbase will give you some rewards but they skim 25% off the top, dropping you to 6% or less

[Anonymous No.28611739]

>>28611688
checked
the only thing it can't do is get fudded

[Anonymous No.28611752]

Please sirs to do the needful and sell your algorand moneys. Soon will be a large crash and then no more.

[Anonymous No.28611849]

Bad news:

https://www.fxstreet.com/cryptocurrencies/news/algorand-price-prediction-algo-uptrend-reaches-exhaustion-as-technicals-scream-sell-202102120753

[Anonymous No.28611939]

>>28611849
Like clockwork, pajeet

[Anonymous No.28611965]

>>28611849
HAHAHAHHAA

[Anonymous No.28612002]

>>28611849
Thanks for the article, I better sell all my algo now

Go to hell

[Anonymous No.28612019]

>>28611849
kek we can't have an ALGO general without the pajeet fud

[Anonymous No.28612021]

>>28611752
Go poo in the river

[Anonymous No.28612027]

>>28611849
Yes bro this quite exactly

[Anonymous No.28612051]

okay okay no trolling please. whats a realistic price target within the next 3 months? feels like 5$

[Anonymous No.28612065]

>>28611849

i love how unintentionally bullish this is

>A bearish thesis invalidation might come into play if ALGO manages to break above the recent high at $1.30.

RUHROH. algo is unfuddable friend

[Anonymous No.28612119]

>>28611849
https://www.youtube.com/watch?v=l01AMCBG0Wk

[Anonymous No.28612170]

>>28612051
Totally new in algo but from what i gather its a long hold and you need modest expectations for the short term

[Anonymous No.28612176]

>>28611849
In my long history of dealing with Pajeets when it comes to technical and business matters, I can tell you with upmost certain that you should never take the advice of or listen to what a Pajeet says. It will always end badly for you. It's not out of any malicious intent. They just have no idea what the fuck they're on about.

[Anonymous No.28612178]

>>28611849
>>28611752
kek, perfect timing

[Anonymous No.28612223]

>>28611321
This is disgusting

[Anonymous No.28612238]

>>28611849

[Anonymous No.28612277]

>>28610202
I woke up at 5am to take a piss and was able to add to my bags at 1.21.

[Anonymous No.28612372]

>>28611752
U sound like a fuckin pajeet

[Anonymous No.28612387]

I don’t think you earn any rewards on Coinbase pro though, right?

[Anonymous No.28612505]

>>28612387
no yo have to deposit back to Coinbase to earn rewards

[Anonymous No.28612530]

>>28612387
You don't. You earn rewards on coinbase and get rewards, but at that point you should just move them to the wallet

[Anonymous No.28612642]

Sirs, please read this news.

https://ambcrypto.com/xrp-algorand-zcash-price-analysis-10-february/

[Anonymous No.28612726]

>>28612642
The formation of a bearish marubozu on Algorand

[Anonymous No.28612745]

>>28612642
based pajeet telling me to get out while the going is good

[Anonymous No.28612747]

>>28612642
>Saif Naqvi

[Anonymous No.28612754]

>>28612530
Sir I respect your point, but you overestimate my abilities. I will certainly fuck that up and send my algies into the abyss.

[Anonymous No.28612788]

>>28612642
Yes sir, this is very worrisome information. I sell very much thank you

[Anonymous No.28612791]

Anyone use some of their stack yet?

https://realio.fund/wp-content/uploads/2020/12/realio-wp.pdf

[Anonymous No.28612802]

>>28610556
Doesn't that mean that people expect it to fall more than it is right now? From 1.59 and further we will see big green dildos, but in the same time we have big sell orders on 1.63 so algo will crab some more in 1.60. Price is stable.

[Anonymous No.28612861]

>>28612642
>10-february

[Anonymous No.28612885]

Whats this 20022 stuff about?

[Anonymous No.28612944]

>>28612791
Have not seen this before, this looks really promising.

[black star !x8ngkAZjXE No.28613001]

>>28612642
Yes very much good to you sir for this information. I sell right away.

[Anonymous No.28613141]

Honestly I think Algo is gonna get adopted to work with another stablecoin in the Caribbean or some other big touristy spot in the next few years and will leap to like $20.

[Anonymous No.28613179]

>>28610091
It's nice to see new ALGO memes are popping up every day on biz. I remember making ALGO threads only to get 3-4 replies. I used to hold this coin for 4 months because I unironically bought the top. Sold at minimum loss in December. But I still love this coin and check it out from time to time. Might re-buy in the future.

What price do you guys think it will reach EOY? Rational prediction only please.

[black star !x8ngkAZjXE No.28613237]

>>28613179
>sell low buy high

Not quite the biz motto but close enough.

[Anonymous No.28613313]

>>28613179
3 is my bearish bet. 5.50 is my bullish bet.

[Anonymous No.28613452]

>>28613141
>tourism
I don't know if that's ever coming back

[Anonymous No.28613471]

>>28613237
I sold ALGO at minimum loss to buy GRT. Almost x10 my money in 2 months with GRT. I'm now considering to buy a 10k of ALGO after GRT hits $5.

>>28613313
5.50 EOY seems very conservative, no?

[Anonymous No.28613529]

>>28610091
1300 Algolet reporting in. Plz no bully.

[Anonymous No.28613531]

>>28613471
It may be but I'm so sick of the gorillian dollars EOY meme I keep my expectations low

[Anonymous No.28613684]

5k stack reporting in. I’m holding on tk this shit until I make it.

[Anonymous No.28613724]

>>28613531
I see. I guess I have to lurk on Algo TG again to see if there's any upcoming news that could build momentum for ALGO.

[Anonymous No.28613751]

>>28613471
$5 is realistic if ALGO really delivers. It would have a market cap similar to AAVE, I don’t think its impossible, but 10> is simply unrealistic

[Anonymous No.28613772]

Jason and the Algonauts when?

[Anonymous No.28613892]

Reminder

[Anonymous No.28613908]

>>28613751
Thanks anon. How big is your stack? I still have my Algo wallet installed on my phone. Nicest crypto wallet I've had so far.

[Anonymous No.28613952]

Market is slow today, but we're gonna make it

[Anonymous No.28614012]

>>28613724
Brazil now has a stable coin built on algo. Argentina is actively seeking CBDC. Guess who already has a name established in stablecoins? All of these countries are trying to get a leg up in the digital economy. Algorand will welcome them with open arms and awesome technology.

[Anonymous No.28614167]

Can I have the Algo wallet on two phones like I can with Exodus wallet? In case I lose a device?

[Anonymous No.28614328]

>>28611252
8% APY compound interest.

[Anonymous No.28614420]

>>28611582
Yeah, I had Algo on a Binance wallet before I realised I was being jewed out of my interest.

[Anonymous No.28614434]

>>28614167
got dat algo eyyy
dat algo yooo
got dat algo eyy

[Anonymous No.28614588]

>>28614420
Is it monthly or yearly interest?

[black star !x8ngkAZjXE No.28614654]

>>28614167
on infinite phones

[Anonymous No.28614717]

Is there anyway to get the official wallet without using the play store? There is zero chance I'm installing google aps on my phone just to get the wallet. Any recs for other wallets if not?

[Anonymous No.28614719]

>>28614588
how does every few minutes sound?

[black star !x8ngkAZjXE No.28614735]

>>28614588
minutely...

starting to think we havent exploded is because people dont realize the interest starts immediately

[Anonymous No.28614907]

Whale here, convince me to dump 50k into this. I want to turn my 50k to 500k and have been surveying some early coins for my next LNK hit (got into LNK when it was .91)

Other coin I'm eyeing was NU

[Anonymous No.28614964]

>>28612791
Anon if you're still in this thread, do you have any opinions on the RST tokenomics? The platform looks interesting; waiting for accreditation on the platform at the moment.

[Anonymous No.28614971]

>>28614907
I forgot to mention: is this a good dip to buy or will it dip further? I'm going for the long haul anyway

[Anonymous No.28615030]

>>28614971
it could dip back down to 1.50 but you shouldnt bet on it

[Anonymous No.28615063]

>>28614907
How does 500k sound?

[Anonymous No.28615121]

>>28614907
Guaranteed moonshot, and also 8%...I dont even know how to name it, its not even flexible staking, its just Algo staking.
You just hold Algo in your Algorand Wallet and thats it mate, the reward is automatically added to your balance.
You need around 5k ALGO to generate 1 ALGO daily.

[Anonymous No.28615193]

>>28614735
>starting to think we havent exploded is because people dont realize the interest starts immediately
I'm secretly hoping it doesn't skyrocket in value for a little while longer. I'm a poorfag that only has 1000ALGO. I wanna be able to buy more while it's still cheap - still waiting on another airdrop from Uncle Joe in Washington - but then again, I also wanna see it go to the moon because I'm all in on this. I'm conflicted

[Anonymous No.28615215]

>>28611142
https://algoexplorer.io/rewards-calculator?

[Anonymous No.28615257]

>>28615121
what happens if a person has under 5k stacks?

[Anonymous No.28615294]

>>28614971
if you're in it for the long haul, ALGO is a good bet. Good support floors at price walls and high buy ratio at 70% good gains short and long. It's a ISO 20022 coin and 8% APY with a variable principal tied to the coin's value, that means any interest generated will retroactively increase as the value of ALGO continues to rise.

[Anonymous No.28615316]

>>28615193
Let me solve this for you. Accumulate.

[Anonymous No.28615328]

>>28615257
Then they get less than 1 algo daily

[Anonymous No.28615371]

>>28615257
5k is around the point a person gains 1ALGO a day on interest alone. If ALGO were to ever moonshot, one could live off the interest alone.

[black star !x8ngkAZjXE No.28615397]

>>28615257
>>28615215


This is idiot proof yet the bars keep getting lowered.

[Anonymous No.28615409]

>>28615316
I'm trying. Every paycheck I buy more

[Anonymous No.28615481]

>>28614907
I sold my grt for nu

but i'm sure you'll make the right choice

[Anonymous No.28615518]

Pamp et

[Anonymous No.28615554]

>>28615371
My goal is a 5k suicide stack. I'm at 3040 right now

[Anonymous No.28615563]

Alright bought in. I'm part of you guys now
>>28615481
The fuck, why? GRT is my biggest earner of the year, way over my LNK but I got into GRT at .50 anyway. Have 15k stacks

[Anonymous No.28615608]

>>28610091
You're making a really good project look like a scam.

[Anonymous No.28615660]

>>28615608
How so? Spreading info? nobody's shilling or throwing price predictions around, we're just in the adoption phase right now.

[Anonymous No.28615678]

>>28615397
It's a sign of the regular fags getting in. It's a bad sign.

[Anonymous No.28615685]

>>28615563
Welcome aboard, set up an Algorand wallet and transfer your algos there and enjoy free gibs.

[Anonymous No.28615686]

>>28610611
What is 20022? I'm new to this sorry.

[Anonymous No.28615777]

>>28615686
Just turn back now.

[Anonymous No.28615798]

For anyone who’s not a shortsighted fudder, algo + GRT are almost guaranteed to take you to retirement

[Anonymous No.28615821]

>>28615777
Tragic trips of truth.
>>28615686
Sorry anon, this isn't for you.

[Anonymous No.28615836]

>>28615554
I'm poor but I see the value in this and its system so 635 full yolo all in play, been in since .72

[Anonymous No.28615882]

>>28615686
>ISO 20022 is an ISO standard for electronic data interchange between financial institutions. It describes a metadata repository containing descriptions of messages and business processes, and a maintenance process for the repository content. The standard covers financial information transferred between financial institutions that includes payment transactions, securities trading and settlement information, credit and debit card transactions and other financial information.
From wiki.
Basically its the safest bet right now.
Some other ISO 20022 coins are XRP, XLM.
I believe you heard of SWIFT, its also made around this standard.

[Anonymous No.28615941]

>>28615798
I'm gonna reach seven figures because of these two. I'm also into ADA but its been growing way too slow despite being #3 in market cap.

[Anonymous No.28615950]

>>28615882
>>28615686
But I said too much, DYOR :)

[Anonymous No.28616024]

>>28614719
>>28614735
8% every minute doesnt sound quite right. Surely its 8% yearly but stars accumulating every minute?

[Anonymous No.28616124]

>>28616024
> 8% every minute

[black star !x8ngkAZjXE No.28616185]

>>28616024
Anon...

[Anonymous No.28616195]

I have 1200 ALGO and 40 LINK
am I gmi?

[Anonymous No.28616245]

>>28616024
based knows absolutely nothing about finance but making financial decisions anyways /biz/nessman

[Anonymous No.28616273]

>>28615821
>>28615777
>You weren't born with every bit of information about crypto and finance so you can't learn
Pic related.
>>28615882
That's great, sounds like it would make them more stable and reliable. I already have $1k XLM so that makes a lot of sense now.

[Anonymous No.28616285]

>>28616024
Yeah you got it right.
8% si annual, but your staking rewards are added to you balance after every finished block. So thats around 4.3 seconds atm.
Depends on your balance, if its too small it will get updated after more than 4.3 s.

[black star !x8ngkAZjXE No.28616313]

>>28615678
I think you are right.

[Anonymous No.28616433]

its dropping wtf

[Anonymous No.28616472]

>>28616024
it's compound interest compounded daily so you need to take the annual rate then divide it by the days of the year to get your daily interest at the annual rate. This gets recalculated every day with the interest on top of the balance so the interest grows slowly every day. The crazy thing about compounding interest is that it's an exponential function as time. With enough time and dedication, you could mathematically win the game instead of gaming the market.

Have you ever done that math exercise in elementary or hs where you take a penny and double it every day for a month? That is compounding, interest on top of interest

[Anonymous No.28616475]

BUY BUY BUY

[Anonymous No.28616589]

>>28616433
weak handed pump and dumpers looking to make a quick buck only look at the 24 hr % change without realizing we're still following the trend just correcting for yesterday's insane growth, buy volume is still heavily skewed to 70%

[Anonymous No.28616621]

What does fud mean? Thanks for not being a faget in advance.

[Anonymous No.28616635]

>can't move my ALGO from Coinbase Pro to Algorand wallet until deposit clears
yeah fuck you, 10 potential ALGOs gone already

[Anonymous No.28616682]

we retesting 25c soon

[Anonymous No.28616716]

Official algorand wallet or exodus?
Is the staking reward the same? Don’t really want to have so many wallets if there is no disparity (~7%)

[black star !x8ngkAZjXE No.28616808]

>>28616621
Fun Under Duress. It's when despite a stressful situation everyone is still enjoying it. You will see it in response to someone posting distressing information.

>hey this entire house is on fire and collasping get out now!
>FUD!

[Anonymous No.28616843]

>>28616808
this

[Anonymous No.28616858]

>>28616682
been ready, I noticed support has been solid, the floors are rising too

[Anonymous No.28616922]

>>28616635
>uses cuckbase
you got it going for you

[Anonymous No.28616992]

>>28616922
yeah well binance is a bitch in US and the face verification is still broken so I had to choice

[Anonymous No.28617019]

>>28615882
Don't be a cuckold, mate. I'm accumulating over here.

[Anonymous No.28617078]

>>28616992
Uff, I forgot that you are that much fucked in burgerland.

[Anonymous No.28617091]

>>28615941
'ADA' the woke shitcoin named after a fucking feminist. Disgraceful and disgusting. Might as well paint BLM on your chest while your at it.

[Anonymous No.28617119]

>>28616621
google it nigger

[Anonymous No.28617176]

>>28616433
Yeah, so get the fuck out.

[Anonymous No.28617222]

its over bros

[Anonymous No.28617226]

>>28617019
OK OK FUCK IT NO MORE SPOONFEEDING
FUG ALGOSHIT SUCH A FUCKING CUNT COIN JEW COIN PEDO COIN FUCK FUCK FUCK
NEVER BUY, IF YOU OWN SELL NOW, QUARTER OF CENT INCOMING.

[Anonymous No.28617268]

>>28616472
I hope you know token distribution will end at 10bil.

[Anonymous No.28617277]

Selling a few BSV for ALGO...win/win

[Anonymous No.28617342]

>>28616621
We need swastikas and nazi memes, quick.

[Anonymous No.28617346]

>>28616808
Pretty close.

[Anonymous No.28617379]

>>28617277
>>28617222
trips tells me to set my buy order for 1.40

[Anonymous No.28617380]

>>28617119
Faget

[Anonymous No.28617383]

What's the dip here? Thinking of trying to add to my stack at $1.50, but im not sure if we'll go that low again.

[Anonymous No.28617429]

>>28617383
it will hit 25c soon

[Anonymous No.28617449]

>>28617383
this is the new floor

[Anonymous No.28617474]

>>28617380
woaw there timmy no need to use such bigotry

[Anonymous No.28617480]

>>28617383
>in the middle of dipping
>thinking anyone can tell you where it stops exactly

lol

[Anonymous No.28617482]

Alright, I'm convinced. What would be a good sized stack here aka make it stack?

[Anonymous No.28617533]

>>28615882
>XRP
not the best of examples

[Anonymous No.28617585]

>>28617383
it's either gonna crash to below $1 or continue mooning within 48 hours

[Anonymous No.28617657]

>>28617480
just looking for opinions mate

[Anonymous No.28617689]

>>28617533
Honestly its time to grow up and stop being a sloganeering zombie. No matter if you like it or not, XRP is a good example. They are also in the middle of a suite that will benefit XRP. So you are a full on retard bud

[Anonymous No.28617739]

>>28617482
Nigger tier 1k

Pasty Slav 3k

Based Aryan 5k

Elite SS 10k

[black star !x8ngkAZjXE No.28617973]

>>28617739
>>28617482
you need way more than 10k

closer to 50k

[Anonymous No.28618002]

>>28617533
>>28617689
Im 70/30 XRP/ALGO
Wouldnt change a thing.
XRP as a project is done, first they will deal with SEC and then you will see all the news with whom is Ripple collaborating.
Algo is a nice comfy hold with amazing staking. But honestly if you dont have atleast a few hundred zerpies you are just straight up stupid.

[Anonymous No.28618263]

>>28617657
your first mistake is taking financial advice from anonymous people on a forum board filled with retards

[Anonymous No.28618399]

Looks like we're continuing the organic climb from about 27 hours ago.

[Anonymous No.28618650]

>>28617689
>>28618002
I don't like XRP for a number of reasons, but not going to derail the thread about it.
that said, ALGO is looking good and I'll probably jump aboard

[Anonymous No.28618674]

>>28617226
lost

[Anonymous No.28618755]

>>28618263
im sure he made plenty of mistakes before that

[Anonymous No.28618771]

>>28617739
10.5k Algonaut here, 50k isn’t feasible

ngmi with 10k?

[Anonymous No.28618809]

>>28618650
Yeah you should, but more sooner than later, dont expect a huge dip anon.

[black star !x8ngkAZjXE No.28618993]

>>28618771
you can get 6 figures with 10k eventually but I don't consider that "making it"

[Anonymous No.28619115]

another jump is imminent, I can feel it

[Anonymous No.28619253]

>>28619115
I'm about to pull some /x/-tier stuff. Get ready for a pump. Also, don't panic on Sunday.

[Anonymous No.28619473]

>>28618771

10K Waffen SS Algo Division II

[Anonymous No.28619504]

>>28619253
I hold strong

[Anonymous No.28619524]

>anon panic sold

[Anonymous No.28619682]

Sold my 69k steak at .96 a couple days back. A bit early based on this latest frenzy (oh well, could have paid the mortgage), but I've been riding ALGO waves for a solid year+. Every 6 months it pumps and dumps like clockwork around the 200M staking program drops... Guess what, the next one is lined up for 2 wks from now:

https://algorand.foundation/faq#200m-staking-program-also-known-sometimes-as-super-staking-rewards-program-

This latest pump will be over in 4-6 weeks and we'll be headed back toward a more reasonable .45 - .65 ALGO over the next 3-6 months.

Historically speaking the token's intrinsic value hovers around .30 - .35, but network effects certainly have improved recently. Don't get too excited about this pump, if you read deeply into the Algo Foundation literature you'll see they have a vested interest in keeping this a comfy stablecoin, which means pumps will be followed by token "printing" and accelerated vesting designed for price target control.

https://algorandfoundation.cdn.prismic.io/algorandfoundation/eb2a8c69-2262-42f8-99a4-09df485207b5_EIP-11252019AF_+Conditional+Accelerated+Vesting+Nov+30.pdf

That said, I'm still on the 10Y timeline for Algo hodl. It's a long-term comfy token.

[Anonymous No.28619806]

>>28619682
Tldr faggot ALGO to the moon $5 eom xd

[Anonymous No.28619838]

LONDON BRIDGE IS FALLING DOWN, FALLING DOWN, FALLING DOWN

[Anonymous No.28619967]

I bought the fucking top bros

[Anonymous No.28620073]

Tezos shits on algo, but algo is decent.

[Anonymous No.28620208]

>>28619967
I added to my comfy 1.2 stack at 1.67
Wagmi fren

[Anonymous No.28620215]

>>28611418
How does trump in Elon’s house for 21 nights sound?

[Anonymous No.28620263]

>>28610091
PP0S
Pure Proof of Stake

[Anonymous No.28620693]

>>28619682
Decent post but there is a bit of copium here. With the rise in prices and the setting of floors there is a lot less incentive for those who get the rewards to sell and tank the price.

[Anonymous No.28621261]

>>28611321
Fucking kek

[Anonymous No.28621918]

>>28617474
Here fren

[Anonymous No.28621986]

>>28620693

I prefer to call it pragmatium. The reason ALGO hasn't ripped as much as GRT is because they've designed it to have a negative feedback loop to reach price homeostasis.

Everyone thinks they're getting 8%, but StakingRewards "adjusted reward" makes it pretty clear that Algo Foundation releases enough tokens to deflate the intrinsic value and keep it at 0%. You might hold more, but they are worth less due to token printing.

https://www.stakingrewards.com/earn/algorand

It's a brilliant system designed to keep capital inflows coming to the Algo Foundation, keep the token appearing "cheap" for n00bs to buy in and build the network (staking thru hodl), but also pitch stability to the suits/SEC/gov'ts. All these MIT wizards know exactly tf is going on and why they pulled in Paul Milgrom.

Again, comfy as fuck for 10Y hodl, play the PnDs to take advantage of the short-term APR bonus, that's the way this one works.

[Anonymous No.28621996]

>>28619967
You belong here anon

[Anonymous No.28622079]

>>28614434

[Anonymous No.28623190]

>>28621986
wait so it lowers its own value?

[Anonymous No.28623463]

>>28621986
so good or bad investment, im cornfused

[Anonymous No.28623465]

>>28621986
>>28623190
it's literally no different than any other coin increasing in volume. Has 1/5th of something like XLM's total supply cap.

[Anonymous No.28624197]

>>28623190

It does both, Algo Foundation restricts token distro when price is low and increases token distro when price is high. That's why 6 months ago I was getting 5% APR and now you're getting 8%. That's what a negative feedback loop means, and basically what the Fed tries to do w/ US money supply. Look at the math on their Algo Dynamics page, it's literally all there.

>>28623463

Great investment. Requires a 5-10Y hodl though.

[Anonymous No.28624222]

poorfag here looking to throw 0.5 ETH into algo, might hold out for a slight dip in the coming weeks

[Anonymous No.28624277]

>>28622079

[Anonymous No.28624406]

Why dumping bros?

[Anonymous No.28624498]

>>28624197
what guarantees price increase over time?

[Anonymous No.28624523]

>>28624406
lol it's not dumping, it's only in the red because of yesterday's gains, if you look at the average we're still going up, algo makes its moves while the ticker is red to stealth climb

[Anonymous No.28624541]

Should I sell ALGO I made 400% profit after putting 1k in December

[Anonymous No.28624604]

>>28624406
Everything has been down since yuros woke up

[Anonymous No.28624614]

>>28624541
>line going parabolic
are you scared of being rich?

[Anonymous No.28624667]

>>28621986
stable shitcoin, time to sell

[Anonymous No.28624676]

>>28624541

depends on what your investment goals are

are you actively day trading to try and max your sats? if yes then feel free to take some profits and move into another smallcap

but know that this coin is a long term hold and in 2-3 years you will be wojack posting about how you sold Algo at 1.50 to buy some pancake shrimp coin

this is always the story when someone sells a bluechip coin early. except ada because ada is dogshit

[Anonymous No.28624738]

>>28624541
>imagine selling BTC in 2011

[Anonymous No.28624761]

>>28610091
>check github code
> it uses golang (absolutely retarded codemonkey language that ignores 50 years of programming languages research), anyone who pushed for this is an absolute donkey that i would never trust with my money

just sold this shitcoin

all on on cardano and it superior haskell core

[Anonymous No.28624812]

>>28624761
>cardano
anon, i...

[Anonymous No.28624873]

>>28611939
Makes me happy to see my cowgirls get posted. Anybody need any other ALGO tainted images made?

[Anonymous No.28624943]

>>28624738
how do you know this will continue to climb?

[Anonymous No.28625012]

Aside from first mover advantage, what is to stop ALGO from flipping ETH in a few years?

[Anonymous No.28625061]

>>28610091
>>28610271
>>28611639
>>28611939
>>28613952
>>28624761

[Anonymous No.28625072]

>>28624943
read more

[Anonymous No.28625159]

>>28625061

>tfw when just made the cutoff for swimmysaur

who else an ocean boi here

[Anonymous No.28625350]

>Someone on Coinbase pro bought for 1.35 during a massive dip
Fucking lucky son of a bitch

[Anonymous No.28625368]

>>28610556
da big cannoli
bada bing bada boom

[Anonymous No.28625416]

>>28625012
lack of normie interest, unless you're BTC ETH or DOGE chances are you don't have normie money pumping it up

[Anonymous No.28625539]

>>28625416
tell that to Cardano, chainlink etc

[Anonymous No.28625541]

>>28625061
improved

[Anonymous No.28625643]

here comes the climb boys

[Anonymous No.28625705]

Aaand we're back
>>28624873
Good work friend

[Anonymous No.28625874]

HOLY FUCK
STRAP IN BOYS

[Anonymous No.28625991]

I HATE THIS SHIT. WHY WONT IT STOP MOONING SO I CAN BUY CHEAP?

[Anonymous No.28626051]

>>28624498

In the short-term its token distribution mathematics. Over the long-run, it's whether or not demand is there, like any other financial instrument. I figure if VISA has a mkt cap of 500B, Algo has the potential for a $1T mkt cap over the next 10 years, which puts it at $100. Algo has a great team + great product, with rumors about insider connections, but network use is minimal right now and there's still no killer app. So that's why I just use it as a risky bank account for now and play the PnDs like the math tells me I should.

Again, read their Algo Dynamics page...

>The paradigm we will follow in the 10-year Plan is diffusion of the Algo with gradual creation of long term digital scarcity. The diffusion has been planned to be faster when an even faster activity and economic development is expected. This is detailed below.

[Anonymous No.28626078]

>>28625991
you had all day

[Anonymous No.28626203]

>>28625874
Is this actual pump or is it just finalizing the flag? Tough to say but I'll stay optimistic

[Anonymous No.28626253]

>>28611039
Normies still don't understand that ALGO is FEDCOIN but they will learn while we all make it.

[Anonymous No.28626375]

>>28619682
>>28621986
>>28624197
>>28624676
>>28626051

Some solid posts anon, txh.

[Anonymous No.28626382]

>>28624873
Yea can I request ahhhhhhhhhh hmm a trio pose of something like outlaw star bitches?

[Anonymous No.28626546]

I spoke too soon

[Anonymous No.28626829]

>>28626546
hammering the wall between 1.64-1.65

[Anonymous No.28626857]

>>28624676
Why do you consider ada so bad, dear Knower?

[Anonymous No.28627064]

WHAT WAS THAT

[Anonymous No.28627175]

poorfag just put $100 dollarydoos into ALGO, seems based

[Anonymous No.28627204]

where do you think our next floor will end up at?

[Anonymous No.28627262]

>>28626253
I'm cool with that

[Anonymous No.28627362]

RESPECT THE POOMP

[Anonymous No.28627419]

BACK TO 1.70 BABY

[Anonymous No.28627445]

HELLO 1.70, I MISSED YOU BUDDY

[Anonymous No.28627462]

>>28627262
I figure as long as the SEC wants to make money with it they can take their cut and i'm going to use it to prop up their other instruments which is probably the point in the insanity we call markets.

[Anonymous No.28627485]

we back at 1.7 boys

remember this the next time someone cries about it dropping to 1.5 again

[Anonymous No.28627486]

thank you based silvio
WE BACK

[Anonymous No.28627490]

NIGGER AIDS

[Anonymous No.28627521]

2.5EOD

[Anonymous No.28627539]

>there are humans who panic sold

[Anonymous No.28627555]

NO DIPS, ONLY POOMP NOW UNTIL 2030

[Anonymous No.28627565]

>>28627521
only if bitcoin starts pumping again

[Anonymous No.28627657]

>tfw addicted to masturbating to bbc interracial porn and sissy hypno
WAGMI algochads

[Anonymous No.28627675]

>>28627419
The consolidation was healthy and needed and I don't feel bad about finishing my stack off at 1.75 yesterday at all. See you boys at 2.5

[Anonymous No.28627696]

LRC about to make another jump soon as well. check it

[Anonymous No.28627713]

>1.73
Not gonna lie, this is not what I was expecting when I watched it dump to 1.35 yesterday

[Anonymous No.28627751]

2 EOD LETS go

[Anonymous No.28627798]

>Newfags sold? Pump it

[Anonymous No.28627818]

Panic sold my stack at a modest gain REEEEE

[Anonymous No.28627834]

>>28627675
Same here. Already had 2k at 1.19 then added at 1.67. missed out on a couple grand easy overnight but I wouldn't have been awake for the 1.35

[Anonymous No.28627864]

>>28627565
Fucken this.
Boomer coin is shitting the bed once again.

[Anonymous No.28627869]

>>28627713
i'd be happy for a stable 1.7 weekend

[Anonymous No.28627977]

>>28627864
we wont have an idea of when this bitcoin and alt coin boom will end until its too late.

but theres no indicator that bitcoin is going to stop or tank

[Anonymous No.28628072]

>>28627798
I gotta say, Bog has been the most successful shilled meme on this site. It was so fucking unfunny when it came out.

[Anonymous No.28628076]

>>28627834
I got in at 1.15 and 1.28 and threw an extra 600 at it at 1.75 to even out my stack and knowing that March is going to be a wild wild ride. I'm in for the long haul though and want to watch this replacing ETH as it should. I feel 2-4 years is going to be hard to decide to sell or to reap ridiculous staking rewards.

[Anonymous No.28628094]

>>28627977
>no indicator
i'm looking at this
https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

[Anonymous No.28628096]

>>28612238
Sauce

[Anonymous No.28628115]

>>28627798
kek all too true. Algo was my very first crypto purchase (bought in at .55) and I sold most of mine at 1.60 because my brain couldn’t handle all the volatility

[Anonymous No.28628135]

>>28628094
https://www.lookintobitcoin.com/charts/rhodl-ratio/
it's actually this

[Anonymous No.28628182]

>>28627864
Bitcoin will go up, Microstrategy had a conference with a bunch of companies about bitcoin and Tesla bought a bunch of bitcoin. Only way is up for Bitcoin which is good news for ALGO.

[Anonymous No.28628251]

YEAH we hitting $2 today my niggaz

[Anonymous No.28628272]

>>28627751
I’d cum if it did

[Anonymous No.28628355]

>>28628135
right now you also have to look at public interest right now. bitcoin is becoming common phrase and is garnering the attention of institutions that want to capitalize on the cryptocurrency market while they still are still early now that its more of an established thing rather than unexplored waters

this pump could last a while due to so much new money entering the market and raising its market cap, which is what ALGO plays off of almost to a T

[Anonymous No.28628439]

I regret not dumping another $1k during the dip but I've got my 5K ALGO suicide stack which is good enough for me

[Anonymous No.28628440]

>>28628135
bruh, this looks goos too

[Anonymous No.28628472]

Walls are being tested boys

[Anonymous No.28628545]

>>28628355
BTC(and crypto) also has better chances this time because now it proved that it wasnt a one off occasion that its a hot topic

[Anonymous No.28628553]

>>28628251
mandingo piper perri

[Anonymous No.28628575]

>over 20k algo since december
>haven't sold and won't for a while

[Anonymous No.28628652]

$2 EOD
$4 EOM

easiest most braindead solid safe pick for a 2x. You arent late

[Anonymous No.28628661]

Would I earn maximum stake profit by holding Algo in a ledger or do I need the mobile wallet?

[Anonymous No.28628720]

>$1 DCA
I feel like a cuck for getting in too late (only 1k coins) but I can’t bear to move my DCA up even though I have a bunch of cash in a dead end savings account

[Anonymous No.28628760]

>>28628661
Either are fine. You can pair the official app with a Ledger Nano X

[Anonymous No.28628772]

>>28628661
Doesnt matter, only exchanges are jewing you out of your precious algos.

[Anonymous No.28628785]

>>28628115
Shame anon, this is a long term HODL.
Volatility is part of any true free market.
Better grow some hair on yer balls to handle what’s coming next.

[Anonymous No.28628861]

>>28628720
Do it faggot

[Anonymous No.28629023]

Is this the best ALGO meme?

[Anonymous No.28629343]

>>28629023
yeah :)

[Anonymous No.28629382]

it's fightin with 1.75 but I'm cozy up here. I like these threads.

[Anonymous No.28629445]

I have 6k Algo's... when can I retire laddingtons?

[Anonymous No.28629469]

>>28628760
>>28628772
so i just need to keep it in my ledger and it'll accumulate on its own? right? i dont need to do anything special?

[Anonymous No.28629575]

>>28629445
How does 6 billion EOD sound?

[Anonymous No.28629622]

>>28628072
Cringe

[Anonymous No.28629671]

>>28629469
Yes. Occasionally you can send or receive a transaction to reset the award balance displayed but you'll notice it is automatically added to your total balance anyway.

[Anonymous No.28629677]

>>28629023
I raise you ALGOSAURS

[Anonymous No.28629759]

knock knock 1.78

[Anonymous No.28629806]

Someone bake a new thread we're mooning

[Anonymous No.28629834]

>>28629677
nice can someone also make one of an old 80s board game box that would look neat

[Anonymous No.28629933]

HERE WE GOOOOOOOO

[Anonymous No.28629943]

>>28629806
Are we

[Anonymous No.28629967]

>>28629806
I'm surprised we are percolating around 1.75 for 25min I was expecting it to tumble a bit after 30 seconds

[Anonymous No.28629999]

>>28610091
New thread
>>28629974
>>28629974

[Anonymous No.28630314]

>>28628720
I just moved my savings lol yolo

[Anonymous No.28630430]

>>28615554
yeah I'm hoping to get there too, kind of want it to stay under $2 for one more week

[Anonymous No.28630561]

>>28616635
iktf

[Anonymous No.28630694]

>>28629671
You will actually get a tad bit more rewards if you have atleast one transaction per day.
465.390228 this will be your yearly reward without those transactions
474.172054 if you send or receive atleast once per day
Sauce: https://algoexplorer.io/rewards-calculator

[Anonymous No.28630730]

>>28625061
>tfw a duck
Comfy

[Anonymous No.28630933]

>>28627175
Based smart poorfagget

[Anonymous No.28631018]

Were gonna make it bros. Feels good man

[Anonymous No.28631100]

>>28625061
Bless you anon lmao