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24609522 No.24609522 [Reply] [Original]

Am i wasting my time holding Algo hoping it can eventually start going up over $1 and have a link type run?

>> No.24609589

If XRP can go to $4 then ALGO can go to $4

>> No.24609600

oh XRP only went to $3.40 but you get the point

>> No.24609606

>>24609589
>>24609522
This, algo is undervalued so is ADA. Most private sellers prefer decentralized companies

>> No.24609620

>>24609522
quick question about algo. will it pay out free algo forever? Or just for a certain amount of time?

>> No.24609667
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24609667

>>24609522
Pastacoin is unstoppable bro. Once the token dumping stops within a few weeks, we're going to the moon.
>>24609620
It will pay free algo forever, however when the initial distribution of the entire supply is complete, it will only pay out transaction fees. The price is currently suppressed by the huge inflation rate created by the initial distribution of tokens.

>> No.24609686

>>24609667
when will it be free by?

>> No.24609687

staking rewards will be 8% in 2021 read the latest post from silvio about governance. algo is a decent hold. it's not cheap right now but it's not anywhere near its ceiling market cap. i think its ceiling market cap would be around 30B which would mean a token price of $3. i would probably sell some at 50 cents, some at 70 cents, some at a dollar then the rest at $3 if it really got that high. algo is just a comfy hold because i have way more eth. if eth fails then ada/dot/algo could take its place. i wouldn't be surprised if its the nerds at MIT who have connections to all these federal reserve banks who do it. if you are looking for a quick profit, go to uniswap and gamble, don't play with algo

>> No.24609691

>>24609667
>The price is currently suppressed by the huge inflation rate created by the initial distribution of tokens.
So that's a good thing right now?

>> No.24609701

>>24609522
think about algo like a stable coin. that has a slow marinating steak.
yes, you are probably wasting time.

algo could probably float $1.00 within 3-4 years np..

>> No.24609799

>>24609522
Buying a VC scamcoin instead of hard money privacy via Epic / ECR? NGMI.

>> No.24610268
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24610268

>>24609522
ALGO total supply is 10 billion. Circulating supply is around 3,6 billion (https://algoexplorer.io/).). XRP's market cap reached as high as 125 billions USD in the previous bull run in 2017. Do the math yourself. Don't listed to the faggots FUDing ALGO "muh tokenomics are fucked".

>> No.24610285
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24610285

>>24609687
>i wouldn't be surprised if its the nerds at MIT who have connections to all these federal reserve banks who do it
This is what most people missed.

>> No.24610352

>>24610268


Lets hope so anon. Seems like there are some bright people involved with the project for sure.

>> No.24610416
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24610416

>>24610352
I have no doubt with the team at all. For me, this is just a waiting game with ALGO. I'm all in, holding and staking my ALGO in their official mobile wallet. BTC will have another bull run next year, alts including ALGO will surely follow. Been there, seen that.

You picked the right horse to bet, anon. Just keep accumulating, staking, and don't check your portfolio every 30 minutes.