ALGO

tika_dengu

I am consolidating my portfolio in preparation for the alt coin rally after halving. Should I get rid of DOT and XRP to buy more ADA, ALGO and VET?

JL_holt07

I have only bought more on top of my DCA. I’m invested in ALGO more than anything else.

SmokeAndSkate

I bought ETH, ALGO, ADA, and even some fucking DOGE before coming to the realization that if we’re going the have a global digital money, we only need one, and everything else just crowds out the space.

Captain_Fredl

ALGO

tika_dengu

Split SOL into ALGO and VET

Grunblau

Doesn’t show except on Koinly and on the explorer…. I like the dust attacks on ALGO. At least they give you .001 ALGO. Just collecting free transfer tokens!

fraylovze

My target is when BTC hits above 100K, then AAST, NEAR and ALGO might have 10X, I will flip them and put 20% of the gains in random memecoin

DabNbeyondNormalUse

[oriontools.io](http://oriontools.io) for solana is pretty solid and straight forward too I found ALGO different and difficult

HunterHunted

Holding on to ALGO and XLM from last cycle, since shortly before they peaked... I've basically written those two stacks off, selling what's left for liquidity

Big-Finding2976

You don't have to pick the next Amazon to make a profit with stocks. You can just buy an ETF like the S&P 500 and make an average of 10%/year, or if you spend time properly researching individual companies, reading their reports, etc. you have a good chance of picking some that will do considerably better than the average. Whereas with crypto it's just a gamble picking altcoins and even if you read their white paper and research the team and check the tokenomics, and you're convinced that they have a use case and good prospects, they can crash by 80%+ overnight, as indeed most have, including top 50 coins like LTC and ALGO.

biba8163

> I don’t regret selling. The whole point is to sell and increase the quality of your life and not wait until you're filthy rich old man whose life has passed you by. BTC is a plays out in cycles of pumps and dumps. Alts play out in rugpulls, 99% of them scamming you with hype and lies, their only value appreciation comes riding the BTC bullrun wave. The best risk/reward play is to use BTC as a diversifier in your portfolio of stocks, bonds and real estate. I paid off my mortgage after the 2017/18 bullrun and was starting to loading up for the next bullrun in December 2018 > I am so glad I focused on paying off my mortgage in the bear market. Almost there and hopefully paid up by the time it's time to stock up for the next halvening bullrun https://np.reddit.com/r/Bitcoin/comments/a3n8qb/priorities/eb7psti/ Bought my second house in April 2021 with people commenting that I got lucky. I've never sold the absolute top of a cycle, I have no idea where it is - and if you listen to experts, you're fucked. https://np.reddit.com/r/RealEstate/comments/mviupv/paid_70k_20_over_asking_yes_it_appraised_yes_its/ I retired in 2022. Would I have more money now if I never ever sold? Yes that that is in hindsight and the point is to enjoy life and not stare at the charts worrying about the price of BTC and how big your stack is. Also remember the lure of Alts is that they outperform BTC. But the vast majority of people lose money on Alts because this is mostly fiction: - You have to pick the right Alts that will pump out of 10,000+ shitcoins - You have to pick the bottom or near bottom - You have to pray that some foundation doesn't dump on your ass, print another shitload of tokens, do some shenanigans that completely destroy the value of your shitcoin, etc - You have to pick the top or near top before it dump to kingdom come again Long term investment in Alts is a losing proposition. BTC is the diversifier (calculation done on the prices yesterday) - LTC's BTC high was .04792 in late 2013. If it kept up with BTC, the price would be $3,185 - NameCoin BTC high was .0145 on late 2013. It kept up with BTC, the price would be $963 - Peercoin BTC high was .00895 on early 2014. If it kept up with BTC, the price would be $594 - ZCash BTC high was 2.2635 on late 2016. If it kept up with BTC, the price would be $150,466 - XRP BTC high was .00022465 in May 2017. If it kept up with BTC , the price would be $14.93 - ETH BTC high was 0.15 on June 2017. If it kept up with BTC , the price would be $9,971 - BCH BTC high was 0.14 on August 2017. If it kept up with BTC , the price would be $9,786 - IOTA BTC high was .000257 on January 2018. It it kept up with BTC, the price would be $17..01 - Vechain BTC high was 0.00000755 on January 2018. It it kept up with BTC, the price would be $0.50 - NEO BTC high was .01538 on January 2018. It it kept up with BTC, the price would be $1,022 - ADA BTC high was 0.00007382 on January 2018. It kept up with BTC, the price would be $4.91 - ALGO BTC high was 0.00031342 on June 2019. It kept up with BTC, the price would be $21.91 - ChainLink BTC high was 0.001582 on August 2020. It kept up with BTC, the price would be $110

OccasionalXerophile

LTC and some ALGO. LTC got a big way to go yet.

DingDongWhoDis

u/NOTPR0 Thanks for the response. Please add support for ALGO. Good luck with the project.

GabeSter

* ATOM / BTC at a new ATL * ALGO / BTC at a new ATL * **and... BTC is still at 62K.** Some people were telling me on my post yesterday - That ALT/BTC charts are disingenuous. What those people still don't realize is that if BTC continues to retrace lots of ALTS will be falling beneath their recent bear market lows.

DingDongWhoDis

u/NOTPRO Thanks for the response. Please add support for ALGO. Good luck with the project.

fuck-fascism

The fact that ETH itself is basically unusable to newcomers without L2s literally is the core problem with ETH. Why bother with it when you can go to a L1 like ALGO thats useful out of the box without a L2?

biba8163

This is why long term every ALT loses value against BTC. - LTC's BTC high was .04792 in late 2013. If it kept up with BTC, the price would be $3,185 - NameCoin BTC high was .0145 on late 2013. It kept up with BTC, the price would be $963 - Peercoin BTC high was .00895 on early 2014. If it kept up with BTC, the price would be $594 - ZCash BTC high was 2.2635 on late 2016. If it kept up with BTC, the price would be $150,466 - XRP BTC high was .00022465 in May 2017. If it kept up with BTC , the price would be $14.93 - ETH BTC high was 0.15 on June 2017. If it kept up with BTC , the price would be $9,971 - BCH BTC high was 0.14 on August 2017. If it kept up with BTC , the price would be $9,786 - IOTA BTC high was .000257 on January 2018. It it kept up with BTC, the price would be $17..01 - Vechain BTC high was 0.00000755 on January 2018. It it kept up with BTC, the price would be $0.50 - NEO BTC high was .01538 on January 2018. It it kept up with BTC, the price would be $1,022 - ADA BTC high was 0.00007382 on January 2018. It kept up with BTC, the price would be $4.91 - ALGO BTC high was 0.00031342 on June 2019. It kept up with BTC, the price would be $21.91 - ChainLink BTC high was 0.001582 on August 2020. It kept up with BTC, the price would be $110

biba8163

Guys, give it a few more ALT Seasons and shitcoins will catch up with BTC - LTC's BTC high was .04792 in late 2013. If it kept up with BTC, the price would be $3,185 - NameCoin BTC high was .0145 on late 2013. It kept up with BTC, the price would be $963 - Peercoin BTC high was .00895 on early 2014. If it kept up with BTC, the price would be $594 - ZCash BTC high was 2.2635 on late 2016. If it kept up with BTC, the price would be $150,466 - XRP BTC high was .00022465 in May 2017. If it kept up with BTC , the price would be $14.93 - ETH BTC high was 0.15 on June 2017. If it kept up with BTC , the price would be $9,971 - BCH BTC high was 0.14 on August 2017. If it kept up with BTC , the price would be $9,786 - IOTA BTC high was .000257 on January 2018. It it kept up with BTC, the price would be $17..01 - Vechain BTC high was 0.00000755 on January 2018. It it kept up with BTC, the price would be $0.50 - NEO BTC high was .01538 on January 2018. It it kept up with BTC, the price would be $1,022 - ADA BTC high was 0.00007382 on January 2018. It kept up with BTC, the price would be $4.91 - ALGO BTC high was 0.00031342 on June 2019. It kept up with BTC, the price would be $21.91 - ChainLink BTC high was 0.001582 on August 2020. It kept up with BTC, the price would be $110

Traditional-Fan-9315

Are any of those worth anything? Asking because I'm only slightly familiar with ALGO. I am skeptical because of the amount of centralization in algorand, which has some weird thing about the funding structure and the holdings of their founders IIRC

jawni

Why did you buy ALGO in the first place? I was literally a day 1 ALGO buyer but to me it seemed like it couldn't get any traction anywhere, so I dropped it last bullrun.

OccasionalXerophile

Seriously considering selling my ALGO for BTC now, somebody give me a good reason not too

BlueLatenq

Right now, ETH and BTC are not quantum-resistant yet; the only quantum-resistant blockchains I know of are QANplatform and ALGO.

bigslongbuysxrp

XRP/IOTA/XLM/ALGO/HBAR/NXRA that's what I reckon is a good play

nwaFZ

Jasmy, ICP, XYO, ALGO, and SWFT

Sandroex

I'll probably be the last person to put money in TON, but its so absolutely insane how all ALGO and ADA bagholders talk about it being a rugpull and TON buyers being exit liquidity while they're down -85%, providing exit liquidity for everyone for the past 3 years. Insane projection.

3sides2everyStory

> What are your thoughts about ETH/Alts/Altseason? I try to form my opinions on data as best I can (I'm just a dope on the internet) and my opinions on ALTs usually conflict with the tribal wish-casters and cult members in this sub. I think ALT season will happen as expected but I think it will come with a lot of surprising disappointments. I think a lot of the ETH Alts will disappoint this cycle. I also think a lot of the big, promising names from past cycles will disappoint as well. We're 15 months off of the cycle bottom and into the uptrend. If an ALT is still 85-95% away from it's ATH I expect it will struggle at best. I sold most of my big-name alts a while ago. I hold a fair amount of ETH but I've been shrinking my position (I do a lot of pair trading). I'll hold a good amount of ETH because it's a safe bet to go up. But ETH may take years to realize its promise. The fact that it requires L2s makes it complicated and problematic. It's expensive and cumbersome to use (I fucking hate using it). It may get better someday but my money won't wait around. I follow the users and the money flow. For all of its problems, Solana is winning the users and earning revenue. It's also getting the attention of big players because of usage metrics. I Hold ETH and a good amount of SOL but SOL's market cap is only about 20%-ish of ETH's. That gap will close simply because of usage metrics. They will both go up but I think SOL will do better on a percentage basis. I pair trade between ETH/SOL to increase both positions and at some point, I'll probably swap all or most of them for BTC. I'm not loyal to any investment. > Do you think that BTC combined with the ETF'S will dampen their price appreciation? I think the vast majority of people buying Bitcoin ETFs are not interested in ALTs. They want digital gold as a store of value. BlackRock's customers don't know or care about ALGO, ADA, LINK, MATIC, etc.. Different users, different investors. Larry Fink says his customers' interest in Ethereum ETF's are significantly lower than Bitcoin ETFs. If Ethereum ETFs do get approved I expect ETH will pump but the impact won't be the same. TLDR; I think ALT season will pump as expected with some surprising disappointments. This cycle I'm concentrated in BTC, ETH and SOL. I pair trade between them to grow my stacks. When the market gets frothy I'll swap most everything into BTC and cash, and buy the dips during the next bear. I do my best to follow the data. My money isn't loyal to any coin except Bitcoin

Deeyennay

ALGO holders: first time?

derika22

Tell my ALGO bag why I am a bag holder.

fn3dav2

ADA may have fallen out of the top 10 on CoinGecko but it's still doing well on Reddit 😂 ALGO flying high too

Sugarbird676

You’re not supposed to point out the overwhelming demand for SOL. You’re supposed to go, “Muh, VC bad!” and then cry into your bags of ALGO and DOT.

Fair_Raccoon9333

SOL is the ALGO of this cycle.

juandell

FOR YEARS NOW.... The ALGO shillers were always the funniest. Tbf SOL definitely didn't feel like the easiest dropping to $8 in the 🐻 after FTX

Job_man

Where’s the ecosystem on ALGO?

marvypoo

I love base too. And guess what that’s backed by big money lol. The shit sol gets on here is weird, almost every coin is backed by large amounts of VC money lol. ALGO insiders been dumping on Reddit for years lol

psufb

If you couldn't look at any crypto information outside this sub, you'd think that ADA and ALGO were rocketships

HSuke

Every max-supply cryptocurrency will eventually have to remove their supply cap if they can't reach their Minimally-viable security budget. This is an issue for every cryptocurrency, Bitcoin included. AVAX and ALGO are probably next to remove their supply cap around 2030.

HSuke

That was 100% predictable for every max-supply cryptocurrency. In fact, I predicted that for MATIC 3 years ago, and ALGO is next. Even BTC will likely need tail issuance in the distant future to fund a minimally-viable security budget.

Successful_Craft3076

I'm a simple man, high on hopium/ try my best, to do a copium ADA will go to 3 dollar/ I swear on man-boobs of my father ALGO gonna rise again/ after killing me ten times with pain BTC will go to a million/ why stop there? To a billion! I will move around, in a Lamborghini/ sitting next to me, Scarlet in a bikini

canadian_alltheway

ALGO - Algorand

Comicksands

Dogecoin and Shiba Inu are better holds than most coins this subs has shilled. Last 6M performance vs BTC/USD: SOL: +338% SHIB: +54% DOGE: +20% ADA: -20% ALGO: -25% LTC: -50% XMR: -64% XRP: -71% This trend has been going on for 8 years. The best memes outperform your bags. Second point would be just buy BTC if you don't know shit

DankShibe

Doge will last longer than ADA ICP ALGO DOT LINK

Shrekworkwork

BTC ETH ADA ICP XMR ALGO DOT LINK. Disclosure: I only own 3 coins atm: FREN (an ADA memecoin), ICP, and GFI

Ryuzaki_63

ALGO and it'll STILL be crabbing at $0.20 Why? Because I ain't selling in the red Oh and moons, they'll be 1 moon = 1 moon.

OccasionalXerophile

BTC, possibly ETH, DOT possibly and I would love ALGO. But probably just BTC. If no BTC, then everything else is irrelevant

gigastand2749

Id recommend looking into some infrastructure projects Like COTI, maybe some AI projects like OCEAN or FET. I'm a fan of MATIC, ALGO AND ADA then maybe a sports linked token like CHZ dyor

SmallAxe70

Finally someone mentions ALGO. Thank you. I will admit I am not your typical crypto investor, I’m not speculator at all. I like Algorand because it has great and proven tech but even more for its humanitarian purposes. Major partnerships with international companies in multiple industries too. Then there’s just the joy of using it. It executes flawlessly and immediately for a fraction of a cent in network fees. And yet. It’s crickets on Algo in social media. Plenty of haters too, which is strange. I just think more people could put in a couple hours of research and give Algorand a peek, and maybe at least lay off the harsh criticism. Algorand’s value proposition has dozens of forms. Maybe there are just too many short-term gamblers that see only in dollars on Reddit. Every new company or blockchain is going to have growing pains, no exception for Algorand. Believe it or not I am not intending to shill, don’t ever take my word for anything. Just a regular person diversifying into crypto and in for the long hall just buying and earning through DeFi and for the last time, governance rewards. Algorand has specs for running a participation node and it’s not expensive. Support the decentralizing network protect your investment and get rewards and I guess a share of network fees.

Salvashunned

Got my alts loaded QNT AAVE ALGO ATOM LINK ETH

lippoper

Anything with a dog. ALGO, LTC, WAGMI

Apart-Flounder242

ALGO

Apart-Flounder242

My top 3: ETH, ALGO, AMP

payjoe134

Currently I don't hodl any ALGO but using python for smart contract is a very smart move that will attract a lot of devs thus will increase TVL.

Quirky-Lobster

Invest? BTC and ETH. Gamble? ADA, MATIC, ALGO. Best choice? Combination of both. 70/30 invest and gamble respectively.

hungryforitalianfood

>Part of the fun of this space is it's extremely unpredictable and moving super fast ALGO has moved up 6% in the last year. Exciting. >(TravelX, Hesab Pay, Bank of Italy, Quantoz, Koibanx, etc.) Lol

hungryforitalianfood

I don’t have a choice. Giving him the info or not giving him the info yields the same result. ALGO is up 6% in the last year lol.

hungryforitalianfood

>I’m a long term investor, not a short term gambler There it is, the pompous high horse. Much easier to take this position than admit how badly you’ve fucked up over the last year. Pro tip: When the speculation ends, ALGO will go down >90% just like everything else. Pro tip 2: When speculation begins again, it still won’t be dinos that people speculate on.

hungryforitalianfood

I don’t hate ALGO. I love money, which means I call a spade a spade. You’re welcome for the free info.

hungryforitalianfood

This sub is maybe, possibly, finally cooling down on ALGO. Pretending it hasn’t been hot on ALGO all bear, while simultaneously shitting on SOL, is either uninformed or disingenuous.

Original-Assistant-8

This topic will continue to gain attention. Vitalik outlined a plan if these breakthroughs require emergency action. I've also seen some bitcoin circles discuss ideas, but have not seen an agreed upon solution. Several projects have been noted to account for quantum resistance in some capacity. QANX, QRL, CELL, AME, XX, HBAR, ALGO, IOTA I've held several of these at some point. QANX is the hot mover right now. It's good to research this topic because at some point all systems and projects need to upgrade their encryption. They are all very different so I don't view them as competing for the quantum narrative. Plus all systems will need to be quantum resistant so it still requires useful utility to succeed and enable widespread adoption

donbindner

In past times of stress (i.e. when a lot of people have been making transactions, like February 2022) a lot of networks just failed to work. Algorand and Cosmos were two that did not fail. That made a big impression on me. If you're of a "not your keys = not your coin" philosophy, then you need a network that is going to work in times of stress. If you're using a network that effectively goes down with congestion, or becomes too expensive to use in the same scenarios, then you effectively have to keep your coins on a CEX or you'll never be able to use them when it counts. Granted, that's not necessarily the to-the-moon narrative, but I can see why people love ALGO more than making money (and ATOM for a similar reason).

bugrahangureel

they downvoting you because you are right lmaoo let them cling to their low volume low hype grandpa token ALGO to the moon guys by 2030!!

hungryforitalianfood

RWA is a legitimate narrative, but no one outside of Reddit is talking about ALGO when RWA Is being discussed. There’s a reason ALGO is up a laughable 6% over the last year, when the rest of the market is averaging at least 2x. SOL is up almost 8x in that same timespan. This isn’t a Hollywood underdog story. ALGO isn’t going to come from behind and catch up. No one’s buying. No one’s using. Most importantly, no one’s talking about it. You’ve fucked up badly by holding it this last year. You’ve lost huge opportunities. How long will it take you to learn? How long until you finally wake up and sell for something performant?

HarrisonGreen

ALGO and ADA bagholders incoming

purzeldiplumms

They say so in ALGO sub /s

purzeldiplumms

Lots of ALGO shilling in this sub, now with 12 stars. Next will be blinking lights and rocket emojis

hungryforitalianfood

This sub loves ALGO more than making money. It’s bizarre. ALGO ain’t happening. There’s zero narrative.

carneasada71

https://app.intotheblock.com/coin/ALGO 324k Active addresses on April 3rd and “no one” are infinitely different.

G1gl1orononim1con

Same here, I keep receiving small deposits of ALGO. So does this mean it’s mixed in with my other ALGO now? How am I able to send ALGO from there now without interacting with the dust?

purzeldiplumms

Do I have to make shill comments like yours daily when I hold ALGO? Or is weekly enough?

iliveinapancake

Just wondering how do people generally feel about ALGO? I like the idea of the energy efficient tech advances and allowing holders to vote on the direction. Also can appreciate the recent implementation of python on their network as I'm into python programming myself. Are the governance programs worth it? It seems like a promising project to invest in but seems not talked about much here?

gigabyteIO

Additionally, 80% of ALGO are already in circulation. It has better tokenomics than pretty much anything else in top 20.

gigabyteIO

You should check out Quantoz. Digital Euro recognized by I believe 32 different central banks in Europe will be on Algorand. Once MiCAR regulation hits it will be a first in the industry. Not a stablecoin, a REAL euro 1:1. The TVL metrics you cite are cherry picked and mostly have to do with ALGO going down in price. Folks Finance, Algorand number 1 defi application has been hitting record TVL and usage. You're misinformed.

gigabyteIO

It did not have higher activity. That is false. It had higher TVL because the price of ALGO was higher.

biba8163

And this is how people continue to lose money with Alts or in the best case scenario lose out massively against BTC. Here are the best performing Alts which have been around for a while: - LTC's BTC high was .04792 in late 2013. If it kept up with BTC, the price would be $3,114 - NameCoin BTC high was .0145 on late 2013. It kept up with BTC, the price would be $942 - Peercoin BTC high was .00895 on early 2014. If it kept up with BTC, the price would be $581 - ZCash BTC high was 2.2635 on late 2016. If it kept up with BTC, the price would be $147,127 - XRP BTC high was .00022465 in May 2017. If it kept up with BTC , the price would be $14.60 - ETH BTC high was 0.15 on June 2017. If it kept up with BTC , the price would be $9,750 - BCH BTC high was 0.14 on August 2017. If it kept up with BTC , the price would be $9,786 - IOTA BTC high was .000257 on January 2018. It it kept up with BTC, the price would be $16,71 - Vechain BTC high was 0.00000755 on January 2018. It it kept up with BTC, the price would be $0.49 - NEO BTC high was .01538 on January 2018. It it kept up with BTC, the price would be $1,000 - ADA BTC high was 0.00007382 on January 2018. It kept up with BTC, the price would be $4.80 - ALGO BTC high was 0.00031342 on June 2019. It kept up with BTC, the price would be $20.37 - ChainLink BTC high was 0.001582 on August 2020. It kept up with BTC, the price would be $102 - Doge BTC high was 0.00001120 on May 2021. It kept up with BTC, the price would be $0.73

purzeldiplumms

Pass, not really interested in ALGO. Just hoped you'd know how it works

Joeyfishfingers

$ALGO is quantum resistant and will be quantum proof before it becomes a threat $ALGO is ahead of the curve consistently Best project in crypto for those who care to research it

purzeldiplumms

>only about making accounts and consensus post quantum Do you know how they'll achieve that? Because I don't see a way to exchange private keys. They aren't secure anymore so you need different wallets. Old wallets with lost ALGO will be compromised anyway.

purzeldiplumms

This sub's darlings have always been screwed. Most people shilling ALGO don't know what they're talking about, they just hope it will 100x in the future.

gonzoes

ALGO is super early. LFG

Original-Assistant-8

This topic will continue to gain attention. Vitalik outlined a plan if these breakthroughs require emergency action. I've also seen some bitcoin circles discuss ideas, but they don't like the impacts of solutions. Several projects have been noted to account for quantum resistance in some capacity. They are all very different so I don't view them as competing for the quantum narrative. QANX, QRL, CELL, AME, XX, HBAR, ALGO, IOTA I've held several of these at some point. It's good to research this topic because at some point all systems and projects need to upgrade their encryption.

KlearCat

> Please explain how Algorand is not decentralized? - Silvio gave himself 20% of the total supply - 2 billion Algo. He called that his "founder's reward." (It's actually more than 20% since there are only 8.1b in the circulating supply.) - Silvio then put that 2 billion Algo into the private corporation Algorand Inc. - Since Algorand Inc is a corporation, it's stakeholders are the owners the assets of that corporation. They own the Algo...but no one knows who the stakeholder's of Algorand Inc are. - Algorand Inc votes in governance and controls so many Algo that they control governance. They have already swayed governance to their favor. This is why Algorand is centralized around Algorand Inc. You have a private corporation with unknown owners who are controlling governance. Now Algorand Inc says they will "decentralize over time" but that is the problem. You have to TRUST them to do that. And you don't even know who you are trusting because the owners are UNKNOWN. > And please explain how SOL is decentralize? SOL is also centralized. > If anything SOL is more centralized than any chain out there You might be true about this. I wouldn't touch SOL or ALGO.

fabiodrums

The reality is that this coin, like ADA and ALGO are a big fail.

tika_dengu

My ideal portfolio for this bull run: 90% BTC; 5%ADA, 3%ALGO and 2% VET. Everything else is noise.

RadonRanger1234

Yes, this is probably the case, anything with just POS (excluding its variants like XDPoS) will probably be shaken out. Any Etherium layer 2, meme coins, etc.. will also be shaken out. If this doesn’t do it, later regulation will. What will be left are BTC, the X tokens (XRP (Regulatory Clarity), XLM, XDC), QNT, ALGO, CARDANO, HBAR, IOTA, and any crypto that’s built for interoperability for these blockchains and supports regulatory compliance.

myslowtv

No! My ALGO will never die! I almost miss the shills.

3sides2everyStory

We're more than a year past the cycle bottom and ALGO is 93% off of its ATH. This zombie coin would need to do more than 11x just to crack the high from the last cycle.

para1131_F33L

Utility and Platform: ALGO and AVAX. Meme: Coq Inu, Kimbo

Grunblau

Buying AVAX every $2 drop…. Might get some more ALGO for next governance and I have a limit buy at $58008 for BTC.

biba8163

Alts continue to do 10X and outperform BTC. Here are the best performing Alts which have been around for a while: - LTC's BTC high was .04792 in late 2013. If it kept up with BTC, the price would be $3,114 - NameCoin BTC high was .0145 on late 2013. It kept up with BTC, the price would be $942 - Peercoin BTC high was .00895 on early 2014. If it kept up with BTC, the price would be $581 - ZCash BTC high was 2.2635 on late 2016. If it kept up with BTC, the price would be $147,127 - XRP BTC high was .00022465 in May 2017. If it kept up with BTC , the price would be $14.60 - ETH BTC high was 0.15 on June 2017. If it kept up with BTC , the price would be $9,750 - BCH BTC high was 0.14 on August 2017. If it kept up with BTC , the price would be $9,786 - IOTA BTC high was .000257 on January 2018. It it kept up with BTC, the price would be $16,71 - Vechain BTC high was 0.00000755 on January 2018. It it kept up with BTC, the price would be $0.49 - NEO BTC high was .01538 on January 2018. It it kept up with BTC, the price would be $1,000 - ADA BTC high was 0.00007382 on January 2018. It kept up with BTC, the price would be $4.80 - ALGO BTC high was 0.00031342 on June 2019. It kept up with BTC, the price would be $20.37 - ChainLink BTC high was 0.001582 on August 2020. It kept up with BTC, the price would be $102 - Doge BTC high was 0.00001120 on May 2021. It kept up with BTC, the price would be $0.73

Benstarr10

Will Alt-Season ever come this cycle? I’m sitting on bags of ADA, DOT, LINK and ALGO - this were the coins that used to be shilled back in the days. These days I feel like the train has left the station and I will sit on these bags forever :)

hanoteaujv

Solid OG bags, but I'm choosing QANX over ALGO.

BlueLatenq

Keep 80% in BTC in case it all goes south, then DCA into maybe the likes of QANX, ALGO, and NEAR.

thanos---

Coinbase is not a wallet, it's an exchange, like the ones you use to trade USD to any other currency. You can use it to turn your $$ to some crypto. I suggest you to move your cryptos to a wallet first, and then to the betting account. Follow the opposite way to take your money back: from the book, to your wallet, to coinbase, exchange for USD and sent them to your bank. Bitcoin has higher transfer fees than other cryptos. I expect your betting site to accept LTC which is a popular, low fee crypto. ALGO, XMR (MONERO) are fine options too.

CointestMod

#Algorand Con-Arguments Below is a Algorand con-argument written by CreepToeCurrentSea. > Algorand is an open-source, decentralized cryptocurrency and smart contract platform founded by Silvio Micali on 2017. It operates through a Proof of Stake variation called the Pure Proof of Stake. It officially launched it's main network on 2019. It's native token is called ALGO. Algorand is composed of a company and a foundation. The company functions on the core development of the protocol whereas the foundation oversees award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. > > # CONs > > **Reliance on the Company and the Foundation** > > * Algorand can thank the foundation and the company for their current success, but that same support could also be the reason for Algorand's downfall. If funding is cut off or a scandal arises within the company/foundation, it will have a negative impact on Algorand's development and price action. Another example is that Algorand can still be modified via a governance poll or protocol change in response to external requirements/demands from government entities. > > **Tight Competition** > > * Just like the many other alt-coins existing in crypto, Algorand is just one of the inferior coins (by market capitalization) that are competing to be the next "Ethereum Killer". So far, no coin has been able to outperform Ethereum. One could argue that Ethereum only has the upper hand because of its first mover advantage, but the fact remains. > * Aside from the Pure Proof of Stake model, all of the other technologies, such as smart contract functionality and Decentralized Finance, were already present in other cryptocurrencies before Algorand even went mainnet in 2019. This makes it difficult for Algorand to keep up with the constantly evolving technologies of other networks/coins contending to dethrone Ethereum. > > **Not the best Tokenomics** > > * According to data from intotheblock, an analytics platform, the circulating supply of Algorand has been steadily increasing since 2021, from 800 million ALGO to nearly 3 billion, and it is now at 7.2 billion ALGO, with a projected increase to 2030. > > **Majority of Holders at a Loss** > > * Using the same analytics platform, intotheblock displayed the percentage of addresses that are profitable versus those that are still making losses. Only 3% are profitable, with a total address count of 501.6k, compared to 96.5%, or 15.91m addresses, who are incurring losses. Profitable addresses are most likely those users who purchased in the early years. This would definitely send a negative message to interested investors/users looking to get exposed in the Algorand ecosystem. > > *Sources:* > > [*https://en.wikipedia.org/wiki/Algorand*](https://en.wikipedia.org/wiki/Algorand) > [*https://doi.org/10.48550/arXiv.1607.01341*](https://doi.org/10.48550/arXiv.1607.01341) > [*https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all*](https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

jabootiemon

The ALGO journey has been very frustrating but it seems more and more likely that this will eventually pay off

TheGDC33

ROSE, ALGO, VET now go fuck yourself

hungryforitalianfood

Not at all. Telegram is the spot these days, along with Twitter. The irony here is that Reddit is only used for counter trading. The people in this sub have been fudding SOL for over a year straight, calling any dissenters an idiot, and dismissively laughing at meme coins. All this while shilling ALGO, HBAR, Cardano, and a host of other dino coins. You’re the exit liquidity.

Sticky_Bandit

And ALGO will go down 25%

NoAverage9216

Man ALGO is such a failure. Every competitor from 2021 is miles ahead

ScientificBeastMode

Dude, nobody here reads past a headline, and they all run with the herd. They don’t like Solana because they think there is a cabal of VCs that will dump on them. Downtime, (false) centralization claims, conspiracy theories involving FTX… All of that is just them coping hard and hoping their bags of ALGO or ADA will get the spotlight if Solana gets enough bad press. They have no idea what they are talking about, and they don’t want to learn. You’re probably just talking to a brick wall at this point.

Grunblau

ALGO, ATOM, XLM, XRP, and DOT are green and I don’t know how to feel about it…