/biz/ - Business & Finance

Why does Algo correlate so heavily with BTC-price? I know alts correlate with BTC but this one moves always constantly at the same pace and with same weight with the BTC fluctuations. I mean I dont complain, it's dirt easy to make money by swinging this coin. I've already made couple years worth of Algo in a few days by swingin compared to compounding that 8.49% APY.

tranny bulge breakout

Brothers I need advice. I just got a 1k bonus for being an excellent wagie.

I have 420 ALGOs and 17k AMP

Should I put that 1k in Algo Amp or BTC? What would you do?

Can we take a moment to laugh at the gay pozzed redditors who sold yesterday because the natsoc meme images?
>>29814644
>>29826907

Algochads staking 10k+ ALGOS, don't forget to compound your rewards
>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."

How-to:
1) download official Algo wallet https://www.algorand.com/wallet
2) transfer your ALGOs from the exchange to your wallet
3) "open" your wallet
4) press "receive" and copy YOUR OWN ALGO ADDRESS
5) exit the "receive" screen; press "send" and paste YOUR OWN ALGO ADDRESS and send YOUR OWN WALLET 0.00 ALGOS
this will cost 0.001 ALGOS to do
6) tada, you just successfully compounded your rewards

you will only need to do this ~every 1-2 days or so depending on the size of your stack
>https://algoexplorer.io/rewards-calculator
if you're feeling supremely autistic
>https://www.desmos.com/calculator/uxbpvxfjbm

you CAN do this with sub 10k, just won't make much difference

ALGOBROS WHERE U AT?

bitch i got dat algo

good morning everyone.

>>29539466
Bitch I got dat ALGO!

AlgoChads be like...