/biz/ - Business & Finance

Founders will dump ALGO for the next four years. It's a shitcoin

>>24882657
It is a solid project with serious team and serious goals. Will ALGO holders be rich one day? That depends on how much you hold and what "rich" means to you. But a x3 from current price is pretty much guaranteed.

>>24882667
>Founders will dump ALGO for the next four years
Maybe update your knowledge before spewing crap next time? They've perfected the tokenomics to prevent dumping.

>>24883439
oh great, they're going to dump on you for the next decade. HOLY KEK you ALGO fags are retarded

>>24883439
So it purely for transactions? And the Algo token is governance?
They got a fancy lookin' webpage

>>24882657
It will never make you rich. When we're in alt market it will 2x while others 10x+

>>24883529
Of course they're going to dump their tokens to hinder the advancement of their project. That's what the Turing Award founder and his MIT team are aiming for, after years of development and partnering with multiple companies.

>>24883558
Yes. The token is needed in the Algorand ecosystem, just like Ether in the Ethereum ecosystem. Hope pic related helps, fren.

>>24882667
>>24883439
>>24883529
>>24883558
>>24883571
>>24883692
Thank you fudders and shillers alike

>>24883571
>it will 2x while others 10x
ALGO's total supply is 10 billions. Circulating supply right now is around 3,6 billions. In the 2017 bullrun, XRP's marketcap reached 125 billions. And many other literal vaporware/scamcoins multipled their marketcaps at that time.

>>24883741
For next bullrun people will pick new hot coins with lots of hype around it. Algo is boring 2yo coin with dead price action. Remember summer alt run? Same will happen here.
>these infographics
Means nothing. Only group that matters here is 'Ecosystem of applications'. Neither of these is used or somehow relevant. Truth is very few developers build on algo. It's okay as an academic project but it won't see any adoption.

>>24882657
I was in that thread randomly. And I had sold 10k algo maybe 2 months ago after I was holding it for about a month. Then rebought it after I saw him say that

>>24882657
>>24884068

The way he said it was just so nonchalant Like hey, grab some if this. Wasn’t even a shill. And there was obviously no crypto talk in the rest of the thread

>>24884096
>>24884068
the absolute state

>>24884068
Wtf does this mean keep an eye on 888?

>>24884169
No idea. I should have capped the other glowie he was responding to. Forgot what he said

>>24882657
Unironically stop going to /Pol/, you're better without it

Algorand will be going to the moon just sit tight kiddies get used to the waves

>>24884068
yep that's the one.

>>24884269
eh it gives me nostalgia feels of old /b/ (without the trap porn of course)

>>24884068
>>24884306
We are past the point of opsec
Algo
Is
Indeed miltech
Same with a few others.

The peasantry media
Is a facade.

Welcome to the eve of the new dawn
Christ is king.


We are inbound
Revelation is here.

888
24
1

Merry
Christ
Mass.

>>24882657
It’s a solid project but currently fucked by the high inflation creating selling pressure. It will moon once the distribution is done.

>>24884563
God bless anon.

>>24884034
>For next bullrun people will pick new hot coins with lots of hype around it
ALGO is already on Coinbase. The most normie-friendly exchange in the US & Europe. I think most normies will not skip buying a coin sub $1 on Coinbase during the next golden bullrun.

>>24884654
When will the distribution be finished?

>>24884678
Algo doesn't have a community of holders to shill it to normies. Nobody really gives a fuck about this coin. Again, I think it's a legit project but really can't see it going anywhere pricewise

>>24884940
I hold a large bag just for the stability of the coin. Plus I get 8% APY on it

>>24884940
>Algo doesn't have a community of holders to shill it to normies
There aren't hundreds of coins on Coinbase like on Binance. It isn't that hard for normies to find ALGO on Coinbase.

>Nobody really gives a fuck about this coin
Well that's an opinion. Canadian Dollar (CAD) stablecoin has just been added onto the Algorand blockchain days ago. Now, there are 3 stablecoins (USD, EUR, CAD) running in the Algorand ecosystem. The team is not sitting still.

>I think it's a legit project but really can't see it going anywhere pricewise
We'll see about that. ALGO's developments and the market will decide.

>>24884974
kek what stability? it lost 70% sats value since september. That apy is a joke btw you can have better apy staking stablecoins

>>24884940
>a community of holders to shill it to normies
Also, check pic related. It's not a community, but he updates quite frequently about ALGO.

>>24885096
>There aren't hundreds of coins on Coinbase like on Binance. It isn't that hard for normies to find ALGO on Coinbase.
Coinbase alone isn't enough to pump a coin.
>Well that's an opinion. Canadian Dollar (CAD) stablecoin has just been added onto the Algorand blockchain days ago. Now, there are 3 stablecoins (USD, EUR, CAD) running in the Algorand ecosystem. The team is not sitting still.
Not a big deal honestly. Could pump 10% on the news like that, but no further.

>>24885126
One or two shills on twitter is nothing and you know it. Even the shittiest shitcoin has a few autistic bagholders calling 100x every day

>>24885096
Seems like only adoptions matters. Who gives a shit about normies buying in. Even if some normies bought in it would be so low on their list is coins for the average person even if they knew about it that it wouldn’t give us serious returns we are here for.

>>24885180
>Coinbase alone isn't enough to pump a coin
I'm not depending on CB to pump ALGO. Of course CB alone can't pump ALGO or any other coin. My point is, ALGO is already listed on CB. Hence, normies and their word-of-mouth will shill and help pump it.

>Not a big deal honestly. Could pump 10% on the news like that, but no further.
You do know stablecoins and CBDCs will be big in 2021 when the govts start regulating, right?

>>24885234
>Even the shittiest shitcoin has a few autistic bagholders calling 100x every day
Eh I have faith in the team. Shills will come later eventually.

>>24884269
Happy Hanukkah

>>24882657
shitcoin, ignore

One thing all these faggots are ignoring about ALGO that will unironically make it the BEST shitcoin out there is the fact that the algorand foundation is the ONLY shitcoin to have a working partnership with IDSA. The same partnership that Chainlink, XRP and many other POS coins couldnt even get a sniff from. IDSA clearly sees potential in Algorand and who wouldnt with such a big team behind it. If Algorand becomes the face of the derivatives market you will unironically be fucked if you are not holding ALGO, the total notional amounts outstanding for contracts in the derivatives market was an estimated to be $640 trillion. If these kikes figure out a way to monetize said market Algorand will make you a millionaire just with a suicide stack. You faggots will be left behind.

>>24886180
>IDSA
Correction. It's ISDA (International Swaps and Derivatives Association).
Also, Algorand has been mentioned here on biz quite a lot. Yet, most /biz/bros haven't understood it. Like I've said before, the shills will follow later. The market will respond accordingly. Most people will notice and buy ALGO when it's already $1 or $2.

Stop fudding idiots, just check fucking base and see who is your daddy now!
>I will make cash here and you will die poor faggots

>>24886180

>>24886510
das rite, thanks for the correction i just woke up so was on full retard mode

>>24886704
Anytime mate.

>>24886180
What is a legit suicide stack?

>>24886865
10.000 ALGO is suicide stack.

>>24886952
Am I ok with 9,500?

>>24886952
And how high can you see it going? I mean can this 1,000x or more? Or maybe just a 50-100x

>>24886987
If you hold at least until EOY 2021, you'll be more than "ok", I guess.

>>24887027
Well, a 100B marketcap in 2021 would put the price at more than $10 (the total supply of 10B will be fully released in 2030). Current price is 33 cents, so yeah, do the math fren.

Bump

badabim badabum buy ALGO fagit

bump

>>24882657
there are 4 key phds in the crypto space that are going to make you rich
this is one of them
you already know another
two of them are still flying under the radar
one of those two is extremely quiet still

Algos are great, just look at the day chart. Its swing trading on easy mode. Just buy 10,000 to 20,000 in a clip and sell in a day to 10 days and make a couple hundred bucks. Total no brainer.

>>24884068
Based

>>24889122
Bump

>>24884368
Have you ever been on old /b/? /Pol/ is an embarrassment, its not lulzy at all.