/ALGO/ Algorand General #7

[Anonymous No.28629974]

DYOR 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 >>28610091

[Anonymous No.28630048]

it's time

[Anonymous No.28630051]

>they sold

[Anonymous No.28630067]

first for sissy hypno

[Anonymous No.28630107]

What’s realistic eom?

[Anonymous No.28630131]

Algo Aryans rise up

[Anonymous No.28630162]

>>28630067
Get that faggotry out of our algonaut HQ

[Anonymous No.28630226]

>>28630107
a quart of milk and two buttons

[Anonymous No.28630261]

>>28629974
Got a blanket and a cuppa and nothin but good vibes

[Anonymous No.28630273]

>>28630162
sorry, i was just trying to see if there were other anons that sre also into it

[Anonymous No.28630311]

I like this stock

[Anonymous No.28630323]

>>28629974
A-Are AVAX refugees welcome here bros?

[Anonymous No.28630394]

We’ve jumped like 15 coins in a week. Where will we end up??

[Anonymous No.28630451]

>>28630107
1000

[Anonymous No.28630454]

>>28630394
Top 20 EOM

[Anonymous No.28630458]

Is Algo being actively used as a currency?

[Anonymous No.28630478]

ALGO/IOTA/XRP the patricians portfolio

[Anonymous No.28630512]

>had a choice between ADA and ALGO
>chose ADA at .60
>reaches .90 and crabs for days there
>could have stacked ALGO instead at .70

[Anonymous No.28630517]

>>28630458
Ever heard of USDC or USDT

[Anonymous No.28630554]

>>28630458
Go and look at USDC it is on the algorand blockchain

[Anonymous No.28630574]

i need this thing to start doing thangs so i can be free of wage slavery

[Anonymous No.28630576]

Please dump again Algo, I’m sorry I abandoned you right before your moment of weakness

[Anonymous No.28630585]

rugpull in 3..2..1....

[Anonymous No.28630629]

shoot me straight bros, should I sell all my GRT I fomo'd and buy ALGO

[Anonymous No.28630649]

>>28630458
It's unlikely to be used as a currency on its own, but the stablecoins on the network will be. The network tech and team is what makes this a strong buy.

[Anonymous No.28630688]

>>28630649

So it stabilizes where?

[Anonymous No.28630735]

>>28630629
Do you want to earn interest while you hold

[Anonymous No.28630737]

>>28630585
Can't pull the rug when we keep moving the floor upstairs

[Anonymous No.28630756]

>>28630649
>>28630517
>>28630554
So Tether and other stablecoins are using Algo's network?

[Anonymous No.28630767]

>>28630688

[Anonymous No.28630772]

>>28630458
Countries are starting to build CBDCs on algorand

[Anonymous No.28630786]

>>28630737
you mean POOMPA?

[Anonymous No.28630798]

Swimmysaurus reporting in
Going to buy a pool on the moon

[Anonymous No.28630818]

>>28630735
what is the APY

[Anonymous No.28630823]

>>28630756
Yes this is literally in OPs pic

[Anonymous No.28630838]

>>28630756
how does 40,000 transactions per second sound?

[Anonymous No.28630852]

>>28630451
Fuck off

[Anonymous No.28630847]

>>28629469
>>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.28630885]

>>28630818
7,33% compounding

[Anonymous No.28630900]

>>28630756
No Tether is from Bitfinex, USDC is from Circle and it is the second largest stablecoin after Tether. USDC is supported by ETH, ALGO and XLM blockchains.

[Anonymous No.28630919]

>>28630786
It's a stairway to heaven with healthy consolidation along the way and some frightful turns that are gonna shake out all the weakest hands.

[Anonymous No.28630939]

>>28630885
I'm in faggot

[Anonymous No.28630949]

>>28630847
There really should be a way to automate this, but I guess I am not gonna bother scrimping pennies

[Anonymous No.28630976]

>>28630900
They can also be traded on the algo network

[Anonymous No.28630978]

anons what's the micro shares thing about do I need in on this

[Anonymous No.28631011]

STOP FUCKIN PUMPIN I WANT IN REEEEEEEEEEEE

[Anonymous No.28631041]

>>28631011
No lol, the pump doesn't end until another 2x.

[Anonymous No.28631063]

>>28631011
It looks like we’re gonna see another dump tonight at this rate, you’ll get your chance

[Anonymous No.28631069]

>>28630688
I'd say 1.6-1.7; more probably 1.7

[Anonymous No.28631091]

>>28631011
You had all day to buy now all the weak hands have left it all up from here.

[Anonymous No.28631096]

>>28630847
These rewards were calculated if you hold 6k Algos, I was reffering to this anon >>28629445

[Anonymous No.28631115]

bros I literally put my life savings on this, my wife and kids will leave me if this thing tanks below $1

[Anonymous No.28631130]

This is literally the comfiest HODL there is, isn't it? 8% APY and inevitable growth into 2026.

And I once thought index funds were comfy.

[Anonymous No.28631161]

>>28630823
>>28630838
>>28630900
So the Algo network is one of a few options the stablecoins could use for transactions?
>>28630847
What denotes a transaction? Would sending my Algo from one account on Ledger to another on the same Ledger work?

[Anonymous No.28631180]

Between 1.6 and 1.8 all day today
I’m down for stability

[Anonymous No.28631183]

$50k algorand coins when?

[Anonymous No.28631199]

>>28631115
It wont, but that doesnt mean you are not retarded.

[Anonymous No.28631200]

Will the pump stick? I've seen shit about this coin being designed to keep prices low in other threads.

[Anonymous No.28631301]

Stability is good so there is a new floor before the next pump

[Anonymous No.28631302]

>>28631115
The real news starts in March fren

[Anonymous No.28631309]

>>28631200
The tokenomics are horrible but the actual product is good. So very hard to say

[Anonymous No.28631322]

>>28631161
I have no idea, try it and and look what it does on algorand blockchain explorer.

[Anonymous No.28631328]

why is this shitcoin dumping

[Anonymous No.28631348]

>>28631161
>So the Algo network is one of a few options the stablecoins could use for transactions?
yes. the team has governments and institutions in mind, so the network is better than others (especially eth)
>Would sending my Algo from one account on Ledger to another on the same Ledger work?
just send it from your main wallet to the same wallet

[Anonymous No.28631404]

>>28631328
>USDC
>"shitcoin"

[Anonymous No.28631501]

>>28629974
If anyone is feeling unsure always remember ISO 20022 and if you don't know you best become familiar with it.

[Anonymous No.28631507]

WTFWT

[Anonymous No.28631527]

Can any anon explain the 200M staking program? Algorand's website words it very strangely. Will I get bonus algos for holding since january?

[Anonymous No.28631556]

>>28631328
>dumping
>-1.8%

[Anonymous No.28631566]

Bad news:

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

[Anonymous No.28631589]

Could this ever overtake ETH?

[Anonymous No.28631601]

>>28631309
I guess I will keep small stack and maybe DCA in when shit is a bit less volatile

[Anonymous No.28631624]

>>28630107
$3.25

[Anonymous No.28631626]

>>28630323
Everyone is frens here. Even the fud winds up helping us.

[Anonymous No.28631642]

>>28631566
kek hi rapeesh

[Anonymous No.28631667]

>>28631566
never gets old

seething pajeets

[Anonymous No.28631675]

>>28631566
thank you anon doing the needful and selling now

[Anonymous No.28631718]

>>28631566
Pajeet never gets tired of posting this

[Anonymous No.28631743]

>>28631566
do the needful

[Anonymous No.28631823]

>>28631566
i like this meme

[Anonymous No.28631826]

>>28631566
literally the opposite ended up happening

[Anonymous No.28631836]

>>28631566
im selling now sirs, do the needful

[Anonymous No.28631884]

>>28631589
It's inevitable. ETH is absolute dogshit with ridiculous fees and I doubt ETH 2.0 will change much

[Anonymous No.28631918]

>>28630261

[Anonymous No.28632055]

>>28631328
why won't it go up?? AAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHH

[Anonymous No.28632148]

>>28632055
Go spend some time with your children anon, stop looking at charts, it will be ok :)

[Anonymous No.28632200]

>>28631566
Yes Ruturaj I'll sell now

[Anonymous No.28632269]

>>28631200
This is obvious FUD. The max supply is 10 bil no matter what.

[Anonymous No.28632443]

>>28632269
Silvio and his buddies own 37.5% of the supply. The tokenomics are the biggest issue with the project by far

[Anonymous No.28632513]

>>28632443
It's basically a glorified savings account until 2030

[Anonymous No.28632537]

>>28632443
you are talking out of your ass you have no idea what any of those words mean

[Anonymous No.28632576]

>>28632443
I feel like if something was fishy it wouldnt be on coinbase. they seem pretty picky on who they trade with

[Anonymous No.28632589]

>>28632443
doesnt elon musk own most of tsla supply? it went up too

[Anonymous No.28632633]

>>28632055
Mr. Crab has to dance before we launch more rockets.

>>28631918
Swimmysaurs gonna make it!

[Anonymous No.28632718]

GUYSE SELL NOW DOUBLE TOP ITS OVER AAAAAAAAAA

[Anonymous No.28632762]

>>28632718
Eh, I'll sell if it dips to 1.30

[Anonymous No.28632774]

>>28630772
Source?

[Anonymous No.28632790]

>>28632718

[Anonymous No.28632870]

We are a superior coin, don't worry guys. We're going up

[Anonymous No.28632873]

>>28632443
do the interest payments come out of their supply or a different stash. what percentage of say chain link is not in public supply and with the Russian owner guy?

[Anonymous No.28632881]

>>28632443
This is WAY less than most coins, newfag. At least read up on how crypto development works and lurk some before posting.
>>28632513
only 13% of GRT's tokens are issued. Are they a glorified savings account as well?

[Anonymous No.28632945]

>>28632443
>meanwhile sirgay owned 65% of link

[Anonymous No.28632949]

>>28632443
>Mfw Yellen and all her cronies have fat ALGO stacks

[Anonymous No.28632991]

>>28629974

[Anonymous No.28633000]

Let's see them ALGO memes

[Anonymous No.28633086]

>>28632762
sell low you got it anon. do the needful

[Anonymous No.28633112]

>>28632576
It being fishy or not isn't really the issue. But the people behind it want to keep volatility down, making it less of a moonshot coin.

[Anonymous No.28633201]

>>28633112
>I WANNA MOONSHOT NOW, NOT 2 YEARS LATER

ngmi

[Anonymous No.28633221]

>>28633112
volatility is not the same as market cap

[Anonymous No.28633283]

>>28633086
I bought at 30 cents.

[Anonymous No.28633304]

People who want a quick buck from ALGO are the same people that sold LNK for $2 after buying it at .75

[Anonymous No.28633371]

>>28633112
>want to keep volatility down
shouldn't have released a cryptocurrency, they are the definition of volatility kek

[Anonymous No.28633372]

>>28632513
Fine by me!

[Anonymous No.28633430]

>>28633112
The supply has a hard cap. You've also posted basically the same thing 3 times in this thread already. Go shit in the street or something

[Anonymous No.28633472]

>>28633372
Aye that's what I've been doing, this price increase is just gravy on top

[Anonymous No.28633829]

>>28633112
>>28633221
>>28633371
the other thing is that if you are trading stablecoins (ie you are an institution or govt) volatility will only really matter for transaction fees which will still only be 10 cents at $100.

[Anonymous No.28633861]

>>28633000
Checked. So ALGO gay confirmed.

[Anonymous No.28633879]

>>28631161
>What denotes a transaction? Would sending my Algo from one account on Ledger to another on the same Ledger work?
Just send 0.0 to yourself, there will be a 0.0001 transaction fee, though.

[Anonymous No.28633890]

>>28633000
checked!

[Anonymous No.28633957]

>>28630323
Jump on the ALGO train now fren!

[Anonymous No.28633982]

>>28633861
repent, zoomer.

[Anonymous No.28634010]

>>28633861
It means were on the dark side of the moon

[Anonymous No.28634104]

>>28632881
If I was to make a coin would taking 40% for myself be normal just like that?

[Anonymous No.28634218]

>>28634010
>dark side
in the asshole
>moon
showing ass

[Anonymous No.28634238]

i bought 35 ALGO cause i'm poor as fuck

[Anonymous No.28634339]

>>28631115
Trips confirms you made the right bet.
But you are still an idiot for doing it.
Ballsy idiot, but stupid none the less.

[Anonymous No.28634421]

>>28631309
Tokenomics don’t matter retard>>28631601

[Anonymous No.28634427]

>>28634339
go back

[Anonymous No.28634436]

>>28634104
It gets sold off to pay for development. If you think 37.5 is a lot, you should look into LINK

[black star !x8ngkAZjXE No.28634458]

>65% buying >35% sell
>no price movement because exchanges can just keep selling their free reward tokens

it's all so tiresome. please utilize a wallet or a ledger. This has been your PSA for February 13th.

[Anonymous No.28634578]

>>28634458
tell me about it

[Anonymous No.28634611]

>>28631115
this is weird to me
i mean this guy is obviously kidding

and he's not serious

[Anonymous No.28634619]

375 stacklet here. Gonna up to 500 tomorrow. 750 if the chinese dump

[Anonymous No.28634711]

>>28634238
kek I made that just from staking but I held ALGO for months

[Anonymous No.28634812]

>>28634458
This

[Anonymous No.28634858]

I got 4900, wonder what it'll be worth in 2023

[Anonymous No.28635111]

Algo solves the blockchain "trilemma" look it up! I'm watching a lecture by silvio now.

[Anonymous No.28635175]

>>28634711
that's not fair

[Anonymous No.28635506]

get ready for the incoming green dildo

[Anonymous No.28635593]

>>28633957

[Anonymous No.28635669]

>>28634858
Your going to have a lot of money fren. Keep accumulating when you can and stack in the wallet for best rewards.

[Anonymous No.28635889]

>>28635175
Don't feel bad you got to start somewhere, you'll learn about crypto and in the next alt season you will be more prepared

[Anonymous No.28635959]

>>28634858
you mean when the federal reserve completes their adoption of iso 20022?

[Anonymous No.28636020]

>>28635889
didn't expect this answer.. thank you

[Anonymous No.28636026]

>>28631589
It should.

ETH is dog shit

[Anonymous No.28636027]

>>28634711
newfag here, what is DCA?

[black star !x8ngkAZjXE No.28636148]

>>28636027
Dog Catcher Academy. Lots of people use it as a gig job to buy more coins similar to uber and doordash.

[Anonymous No.28636420]

>>28630067
Fuck yeah! Based.

[Anonymous No.28636699]

>>28630576
i think we all want it too so we can buy more, But kinda don't at the same time.

[Anonymous No.28637358]

the wallet is only for mobile devices right? I don't want to install a crypto wallet on my workphone...

[Anonymous No.28637416]

>>28637358
Exodus.com

[Anonymous No.28637451]

>>28636148
Woof

[Anonymous No.28637492]

>>28637416
>Exodus.com
but will I then get muh interests?

[Anonymous No.28637738]

1.5 billion tokens and a lot of stuff is being built on top of it. What is a realistic price target ten years from now?

[Anonymous No.28637847]

>>28637738
Conservatively? $25-50
Hopium? $100-250

[Anonymous No.28638176]

when I buy algorand I'm just buying stock in them? there's no other purpose right besides trusting they grow bigger right?

[Anonymous No.28638276]

>>28638176
Excellent fud friend

[Anonymous No.28638357]

>>28637847
Conservative outlook is still pretty good, NGL

[Anonymous No.28638512]

>>28638276
literally just asking, I have 6k stack in the official wallet

[Anonymous No.28638724]

>>28634711
how do you get algorand rewards on Coinbase? Im not seeing any.

[Anonymous No.28638854]

>>28638724
you don't get rewards on coinbase pro
if you're on coinbase, you should get them automatically.

[Anonymous No.28639130]

I'm thinking we're back, boys.
We hitting 2 dollars tonight?

[black star !x8ngkAZjXE No.28639233]

>>28639130
as long as we have people keeping their coins on coinbase and binance it's not going anywhere.

[Anonymous No.28639404]

>that guy last night who bought at 1.7 and sold at 1.5 because someone painted a big red line on the chart
i hope he's going okay

[Anonymous No.28639489]

I sold half of my algos during the dip because I was scared :( I thought I am doing a risk mitigation but what I was really doing was fucking up my portfolio

[Anonymous No.28639580]

>>28637738
2 dollars because it’s built to stay stable and be a base for other crypto. But the 8% annual is fantastic.
It’s not a pajeet pump and dump, it’s actually a well planned professional take on crypto. It won’t do retarded shit, good or bad.

[Anonymous No.28639727]

>>28639489
Panic selling is bad
Go to smg and ask them, lots of good advice on avoiding it

[Anonymous No.28639754]

>>28639580
how can they force something to stay at 2 dollars if people continue to purchase it? Am I just a brainlet?

[Anonymous No.28639846]

>>28639489
risk management decisions never happen during a dip, only panic sells do. plan your exit and understand your risk tolerance beforehand

[Anonymous No.28639965]

>>28639233
how many coins per minute you think exchanges are making and selling from scraping the interest. isn't the price just suppressed 1% here and there then.

[Anonymous No.28640122]

>>28639754
they can and do increase supply into the market to lower price, but that is not foolproof against demand pressures since there is a finite cap of supply

[Anonymous No.28640293]

do you need to force the 0 transaction to compound daily or does it compound daily automatically?

[Anonymous No.28640337]

>>28639846
so what do you during a dip? just watch and pray for it to turn?

[Anonymous No.28640390]

>>28640337
>so what do you during a dip?
buy more

[Anonymous No.28640403]

What do the rewards look like after a while? Thinking of just chucking money into algo instead of savings to add to my bag.

[black star !x8ngkAZjXE No.28640502]

>>28640293
it does it automatically. you just send to see the updated results.

[Anonymous No.28640519]

>>28640337
you either exit at a stop loss, hold tight, or you >>28640390

[Anonymous No.28640620]

>>28640502
thanks

[Anonymous No.28640655]

>>28637492
ya

[Anonymous No.28640675]

>>28640519
lol, so pretty much anything you can

[Anonymous No.28640722]

Somehow on Bittrex last night, someone sold a bunch of Algo's down to 80 cents and buy orders filled below 80 cents. Did they miss the 1 in front of the .80?

[Anonymous No.28640765]

>>28640519
but that's good, I'll pretend my panic sell was actually a stop loss to feel better

[Anonymous No.28640778]

>>28640675
yeah but you have to know beforehand which option you'll take, ie risk management

[Anonymous No.28640931]

>>28640722
decent exchanges have a mechanism to prevent typo fuckups like this, it won't allow you to sell at xx% lower than the current market price

[Anonymous No.28641075]

>>28640765
Just remember any major gain 30%+ is going to drop back down and consolidate and find a new floor. If it doesn't the real panic selling happens. If you're to believe in things like meme triangle astrology then the real hand breaker is going to be if this thing hits the high 20's it can viciously rebound back to 3-5 then rocket up to god knows where possibly triple digits. Not selling in the 20's is gonna make or break people.

[Anonymous No.28641302]

ALGO newbie here, please be gentle.

Can I buy ALGO directly from the wallet app? Can I use my bank, or credit card (bank preferred for lower fees presumably).

[Anonymous No.28641306]

>>28640502
That's literally not true. The official rewards calculator says otherwise

[Anonymous No.28641454]

>>28641302
One of the big ones, binance or coinbase is needed which you can use a card or bank transfer to. With all the dogpiling expect some delays it took me about 9 days for binance.us but I consider myself lucky.

[Anonymous No.28641560]

i think a pump is incoming in the next 30-45 mins

[Anonymous No.28641588]

>>28641302
It also matters where you are, if you're American coinbase or binance.us are good but make sure you're not in one of the 13 states that don't allow it.

[Anonymous No.28641668]

>>28641454
>>28641588
So it's the standard buy/sell on an exchange, and then if you want 8% you transfer out to the wallet app. Makes sense.

[Anonymous No.28641778]

>>28641560
why?

[Anonymous No.28641819]

>>28634711
>>28638724
Put it in the official wallet for 8% instead of 6
You're getting cucked

[Anonymous No.28641836]

>>28641668
You can stake on either website but coinbase skims 2% off the top and it's one of the reasons the price is staying where it is with 65% buys. Not sure what Binance skims but sure they do. As long as it's not in a wallet it's not really yours however. If something happens online which has before you tend to be SOL. Just use the Android/IOS APP and store your passphrase in multiple safe locations.

[Anonymous No.28642024]

>>28635959
Retard here. I've been doing some reading on ISO 20022 and in general it seems BAD for the crypto world (potentially good for XRP?). Are you saying it would be good or bad for ALGO?

[Anonymous No.28642360]

>>28641836
Appreciate the help. Thanks.

[Anonymous No.28642494]

>>28642024
Algo is part of iso 20022
Bullish

[Anonymous No.28642576]

>>28642024
It was Ripples dream and it's being given to ALGO. The standardization and compliance of crypto was always needed for banks and other financial regulatory institutions to adopt it. Crypto was never going to beat the banks and it's why Mr.Micali created this to service monetary and other transactions in record time with 4.5 second total resolution and they are about to have a lightning fast 43,000 Transactions per second capacity for next to nothing when standard CC fee's are 5-7%. Glowies know and it's great. You're not going to be using ALGO to buy substances on the darknet. You are going to make legitimate SEC backed money on the first FEDCOIN.

[Anonymous No.28642669]

>>28630478
Can you Redpill me on xrp. Its locked for trading?

[Anonymous No.28643418]

Is this /ourcoin/

[Anonymous No.28643600]

>>28642494
How can you find who's part of iso 20022?

[Anonymous No.28643759]

>>28643600

[Anonymous No.28643828]

>>28643759

[Anonymous No.28643927]

>>28643600
from Wikipedia, A 2015 report by the United States's Federal Reserve System classified Europe having "mature adopters" of ISO 20022; India, South Africa, Japan, Singapore, and Switzerland as having "growing adopters"; and Australia, Canada, the United Kingdom, and New Zealand as having "interested adopters". The report concluded that the Federal Reserve should push for ISO 20022 adoption within the United States financial system.
Australia's New Payments Platform, launched in February 2018,[2] uses ISO 20022 messaging.
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.

[Anonymous No.28644033]

>>28643759
>>28643828
Based.
I'm 80% in the ones you circled and I didn't even pay particular attention to this.
Iota always had my eye. My see about rounding out my four.

[Anonymous No.28644537]

>>28642576
Is this really the argument for Algorand? That it's going to be a convenient stepping-stone for the government/banking cartel to use to keep us all under the FED's thumb into the future?

Why not just amass greenbacks for the eventual "redeem your bills for FEDCOIN today, citizen!" PSA drive? Fucking lmao

[Anonymous No.28644559]

>>28634711
>smart enough to in early
>stupid enough to keep it in coinbase

[Anonymous No.28645231]

>>28644537
I'm all for transparency and operating under established regs to gain access to major money and use. It's already part of everything from phones to credit as is. People just like to pretend to be contrarian.

[Anonymous No.28645501]

Reminder:

Tether & USDC are Algorand Assets.

[Anonymous No.28645548]

>>28644537
Well most of us aren't teenagers anymore and we have realized that digital currencies are not going to free anyone from anything in the near future.
It all goes through globohomo tubes and it's all 100% tracked and traced.

[Anonymous No.28645574]

>>28645501
how will Algo price react when there's Tether drama.

[Anonymous No.28645687]

>>28645231
Crypto isn't about to become the money of the future because the federal reserve feels like it has enough control over it to launch a FiatCoin and enjoy some reduced overhead on bullshit greenback-wrangling, anon. And it's not about to become the money of the future because the financial institutions of yesteryear decide that they feel they can make money off of it, either. Crypto becomes the norm when faith in those institutions finally collapses and the average person decides to move on and leave them behind.

Maybe Algo still has merit as a solid and useful coin, but when I read "the banks and the government like it" that's about the biggest fud I can imagine.

[Anonymous No.28645691]

>>28645548
Other than monero, the crypto community has already decided that linking all of this into the existing financial infrastructure of Earth is something they are willing to do.

[Anonymous No.28645923]

>>28645574
That's like blaming your ISP for you sending your friend a text that you'll be outside to get the weed in a minute.

[Anonymous No.28645970]

>>28645687
Banks and government liking it isn't FUD when the whole point is tapping into a very large revenue stream to perform real work for institutions. It's anathema to what crypto has tried to be up until now and it's a great indicator when government could pull the plug any time it felt like it.

[Anonymous No.28646053]

This is the true path to MGTOW freedom.

[Anonymous No.28646168]

>>28645548
>Calls other people teenagers
>Thinks the only thing that crypto was ever going to free anyone from is having the feds trace your recreational drug-buying
The most monumental thing about crypto is the promise of being able to opt-out of clownworld 20th-century monetary policy.

[Anonymous No.28646227]

>>28641836
Put $100 in and I've already got .000058 in rewards. Fun to see how quickly they started showing up.

[Anonymous No.28646255]

>>28646053
>ETH based
no.

[Anonymous No.28646312]

>>28645691
Inevitable things are inevitable.
Until we can convince everyone to break their machines it only goes one direction.

We can though with foresight put up just as good a fight this way as that.

[Anonymous No.28646448]

>>28646168
>being able to opt-out of clownworld 20th-century monetary policy
Yea, says you.
That was my point brother. That's not going to happen any time soon for the average person.
We are riding an early wave and good for us.
I'm just saying the enthusiasm for "fighting the man" has met a decidedly rational end.
These things are entirely run and controlled by insiders.
I mean...ALGO is the machine.

[Anonymous No.28646521]

Im down $300 Im just gonna sell, never falling for pajeetcoin shit ever again, I encourage everyone to also sell before the whales dump on you.

[Anonymous No.28646551]

[Anonymous No.28646659]

>>28646521

[Anonymous No.28646700]

>>28646521
Same brother the outlook is grim, selling all

[black star !x8ngkAZjXE No.28646714]

>>28646168
thats not happening. They bought up all of the bitcoin and they literally dictate which crypto's survive and don't. God knows what happened to Satoshi

[Anonymous No.28647037]

>>28646521
poor FUD. recovered yesterday. check the 3mo graph, this is just a floor.

>never falling for pajeetcoin shit ever again

lmao. no-coiner.

[Anonymous No.28647051]

>>28644559
kek I knew alt season was coming and I bought ALGO for short term that a 2% APY difference doesn't matter. If I was holding 1+ years than it is worth going to the ALGO wallet

[Anonymous No.28647271]

OK retard questions
my wife bought algo a while ago. I sold some stocks and put it in algo now too. I've seen some stuff that moving a little bit back and forth between accounts earns you more interest/whatever magic internet money things, should we just be sending a penny back and forth every day?

[Anonymous No.28647292]

Algo isnt not goling anywhere enjoy stablecoin, sell now go to Hoge for 100x

[Anonymous No.28647302]

>>28646521
Can't shake paper hands when all they do is crumple. See ya fren.

[Anonymous No.28647414]

Hopping back in when it stops crabbing next week

[Anonymous No.28647506]

>>28647414
make sure to buy at the top again

[Anonymous No.28647512]

>>28646521
> doubles in price in a day
> buy the peak
> it goes down
> FUCK THIS SHIT IT'S A SCAM
being retarded should be a capitol offense

[Anonymous No.28647699]

>>28646168
This is only interesting if you are a libertarian loser

[Anonymous No.28647736]

>>28647292
Pajeets hands typed this

[Anonymous No.28647763]

>>28647506
Calm down nigger, bought in under a dollar, just trying to parlay that quick

[Anonymous No.28647796]

>>28630847
If I'm not mistaken they lay out how to send a zero value transaction to update your balance for the proper rewards calculation on their site. I've only been in for a few days so I haven't looked back to figure it out.

[Anonymous No.28647935]

>>28647271
Short answer yes, it will gain you a few pennies or dollars depending on how high “we” go

[Anonymous No.28647945]

>>28631566
>hello this is rajeej may I please have your account number?

https://m.youtube.com/watch?v=OzTK6qnSvo4

[Anonymous No.28647999]

I'm so happy guys. 2/3 of my portfolio is ALGO and PRQ. The better ALGO does, the better PRQ does.

[Anonymous No.28648215]

Sold off my avax, am I still early to the Algorand train?

[Anonymous No.28648239]

>>28647945
> someone sat in an audio mixer to develop an EQ specifically to make this horrible
I love it

[Anonymous No.28648391]

>>28648215
yes, its going to 3 dollars in the next few days if btc doesnt dump.

[Anonymous No.28648545]

>>28648391
>if btc doesnt dump.
i hate papa bitcoin so much sometimes

[Anonymous No.28648983]

>>28648391
>Morgan Stanley May Bet on Bitcoin in $150 Billion Investment Arm
Don't worry Morgan Stanley got you

[Anonymous No.28649301]

>>28647292
Thanks just bought 300 more algo

[Anonymous No.28649776]

>>28646521
Its your money man, but if you can afford it just hold it

[Anonymous No.28649780]

this place is dead as the coin

[Anonymous No.28649824]

>>28647271
you can just send a transaction (0 amount) to yourself.
Make sure you're getting the full 8% by getting the algorand wallet

[black star !x8ngkAZjXE No.28649833]

>>28649780
dead coin general

everyone sell right now

[Anonymous No.28649896]

>>28649780
Nope, this is how comfy these threads were a few days ago, but with way more people now.

[Anonymous No.28650068]

>>28630323
Pull up a chair, brother. We were just about to eat.

[Anonymous No.28650120]

I’ve done enough research. Buying 69,969 worth. Limit on the table

[Anonymous No.28650214]

>>28629974
keep buying this dip. people are gonna fomo real hard when algo goes to $3+ next week. The tech is promising and already being used, the team is exceptional, and you can stake it for 8% APY lmfao. Under $2 is a steal. BUY HOLD. STAKE.

[Anonymous No.28650364]

>>28639404
I bought another $1k at 1.7 last night but I'm still holding.

[Anonymous No.28650421]

Ok new strategy for me. I've got 6k in the official Algo wallet. And I've got $5,000 I'm going to Algoswing trade with in Coinbase pro until I work up a free 4k stack I can send over to the wallet in a few days now that I can sort of see how it crabs.

[Anonymous No.28650481]

>>28649896
This really is the comfiest general.

[Anonymous No.28650524]

>>28647292
thanks friend i sold :P

[Anonymous No.28650644]

>>28649824
yeah I did. Is it safe to use the phone app? I only put in the gains I got from stocks (sans holding some back for capital gains) so if it all goes into thin air it's not the end of the world.
I have literally no idea what I'm doing. I'm just jonesing for line go up and the market is closed for 3 days. I need my lines man I needs my LINES

[Anonymous No.28650697]

>>28630323
Yes, but hold onto your AVAX, I think you will be very happy once the FUD blows over. I've got $5k in Algo & $2k in Avax, feeling very good.

[Anonymous No.28650726]

Want to get into ALGO, where do I stake? I imagine binance is far from the best option

[Anonymous No.28650825]

>>28650726
Download the algo wallet on the App Store my Fren

[Anonymous No.28651191]

>>28650697
I'd be careful with AVAX, I still see people that have their shit stuck in staking that want to sell. But it will take 6 months...
Also it's still broken possibly?

[Anonymous No.28651304]

>>28650120
Based ALGOchad

[black star !x8ngkAZjXE No.28651651]

>>28650726
just put it in your wallet...

how the hell are people this confused?

[Anonymous No.28651753]

>>28650120
Redditor

[Anonymous No.28651763]

>>28651651
lots of greenhorns nowadays. including me.

itd be stupid not to capitalize on this bitcoin bullrun

[Anonymous No.28651860]

>>28651651
it's pretty funny to be honest. people who don't understand what a hash or a smart contract or even a fucking wallet is.

[Anonymous No.28652147]

>>28651860
honestly it astounds me how so much has been built on top of the blockchain that people don't know the basics and go directly for the high level stuff
it's like seeing those pajeet js webdevs trying to come to terms with low level languages, it's so alien to me
maybe I just was too into the innards of the blockchain and built from that, instead of top down, but seriously, how can they exist even?

[Anonymous No.28652339]

>>28651651
>>28651860
Remember guys, these guys are coming from coinbase. It's a super normie coin which isn't bad. I've been helping people get it in their wallet for the past few weeks now in these threads. I vote new generals should have instructions for this shit.

[Anonymous No.28652385]

Comfiest hold

[Anonymous No.28652530]

>>28652385
>GRT
>ALGO
>ADA
>XLM
comfiest portfolio

[Anonymous No.28652675]

>>28652339
This is a good idea

[Anonymous No.28652803]

>>28629974
Does anyone know/have a link for how the ASA work?

For example in theory would it be possible to use algochad to invest into ETF or coin and get paid algo?

Also guys this price is most likely going to dump in march, it would be better to buy after that, look at the yearly chart and match it to the investor pay-outs.

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

[Anonymous No.28653079]

>>28652803
9000 hours in ms paint

[Anonymous No.28653230]

>>28652803
>For example in theory would it be possible to use algochad to invest into ETF or coin and get paid algo?
I was wondering this too
>>28653079
Times have changed; our daily volume is ~5x higher now. I'm expecting a slight dip at the most.

[Anonymous No.28653269]

>>28653079
good point. Every 6 months it dumps in correlation with the rewards program. Maybe best strategy is to ride the bull until end of feb and get out till after the dump

[Anonymous No.28653312]

https://twitter.com/Algorand/status/1360696511122800641?s=20

Nice to see news today

[Anonymous No.28653412]

>>28653269
That would just crash the whole coin, it's compound, once it's paid out... it's just more comfy apy.
On another note if it dips. More people can get in for cheap.

[Anonymous No.28653480]

>>28653312
Just wanted to add that with India banning crypto and this seeming to cater to an Indian audience it might hint that Indias coming national digital currency might use Algorand in some capacity which would be nuts

[Anonymous No.28653594]

>>28653230
>Times have changed; our daily volume is ~5x higher now. I'm expecting a slight dip at the most.

Yeah true, even if it does dump I think it will have a higher bottom then before, also when bitcoin dumps you may see more money come into algo

[Anonymous No.28653612]

>>28650421
You'll be swinging from a rope when you fuck up

[Anonymous No.28653807]

>>28652530
Sounds comfy fren, I just started last week and have a similar portfolio. We're gonna make it bro n_n

[Anonymous No.28653982]

>>28653807

[Anonymous No.28654483]

Let me note we passed filecoin,zcash, etc
I bet we will be beating avalanche soon
We were ranked 40 a week ago

[Anonymous No.28654809]

why is this shit dumping while btc gains

[Anonymous No.28654922]

>>28654809
>this
>dumping

i bought 2 days ago at 1.17

this isnt dumping.

[Anonymous No.28655022]

>>28654809
>crabbing +-7% for 2 days
>dumping
kek, welcome to crypto newfriend

[Anonymous No.28655023]

sorry, i prefer my coins to monotonically increase forever

[Anonymous No.28655237]

just waiting patiently for the moon mission.

[Anonymous No.28655352]

Line go sideways

[Anonymous No.28655373]

>>28652339
Take the smg pill, put together some pastebins with basic starter info, suggested reading, and a glossary

[Anonymous No.28655519]

I want to invest in something like market cipher but dont want to put up the funds to buy a really good program to watch the markets

can anyone suggest any free ones?

[Anonymous No.28655554]

>>28646521
i'll give you 34 cents per ALGO. Best i can do

[Anonymous No.28655736]

>>28655554
wow
>>28655519
huh?

[Anonymous No.28655786]

>>28655736
https://marketciphertrading.com/

like this