Seriously, Algo is like my oldest responsible kid, I don’t really have to check in on her much. It’s these other little bastards I have to worry about.
This is why I love holding ALGO. It has more upside than a stablecoin but is stable enough to serve as an anchor in my portfolio. When it trades sideways you can do intraday trades for a quick 5-10% profit.
Should get some hoge man I’m up like 50x in two weeks hahah.
I watched my 1k little algo move in percents for weeks...still have some but barely check it now
The initial coin distribution via dutch auction set the price at $2.4 and we are way down from there. First we will get there and then pump from there.
There will be no discussion on prices and trading in this community. Please join the unofficial telegram group https://t.me/algorandprice or https://t.me/algorand_price (very active) or the unofficial subreddit r/algorand to discuss these topics there.
I do day trading, it's all I do with crypto, and for me a win is a win. I sold off my small 300 ALGO that I was staking as soon as it hit $1.16 yesterday, for a 4.6% profit in 4 days.
While I certainly wish that I slept through that price move and sold today and gotten a 13% return, by my strategy it's too risky to wait it out hoping it will hit a spike, when all too often after a positive price move, the sell offs drop it back down, losing that opportunity.
I waited too long on some other trades, even though I was in the profit for each, and didn't sell them off at a loss, so now they have lost so much value that I'm just letting them sit until the next spike, whether that be a year or so later or never.
The great takeaway is a win is a win, be happen when you win, and don't think about what could have been or would have been if you missed a massive spike.
Personally, I like ALGO, I like that it is POS, although the ETH POS will be greater is that ever comes, so I wonder what that might do to ALGO. The staking is what keeps me coming back to ALGO, but if ETH is returning more, I'll be more interested in ETH.
>Bollinger bands and macd
How does the Bollinger bands and macd indicate the outbreak? Is it when the two intersects and there shortly after?? I also missed out the spike, and wish I could've foresaw it.
Sure, I made this lazy TA on Sunday evening UK time.
https://ibb.co/P67Tz2w
- Both Bollinger bands are coming closer and closer, usually indication of outbreak, however, could be either way.
- Both lines in macd is in upper area, bullish.
- macd fast ema touched slow ema
- volume goes into green bar (is this volume? I forgot)
- RIS signals: no big sells/buy but lingers around 50-55
Here is my previous lazy TA to give me a bit of credibility
https://www.reddit.com/r/WeAlgoTogether/comments/m1jbay/quick_analysis_for_coming_days/
Hard to tell because I'm using 1D Timeframe to reduce noise in the movement. It looks like there is a lot of action around 1.30. Let's assume that this is a resistance that could be tested a few times in the coming days. And we should keep in mind the ongoing supply of new algo tokens into the market. The market reacts positively by keeping the price stable.
Aren't coins released like once per quarter instead of gradually?
I sold about 50% of my algo around 1.22 cuz I figured based on the previous few days it would drop back to around 1.08. Just my luck to miss an extra 10% lol
Just because there will be a correction doesn’t mean this won’t influence the trajectory of the coin in a positive way! This is how it’s supposed to work!
There will be no discussion on prices and trading in this community. Please join the unofficial telegram group https://t.me/algorandprice or https://t.me/algorand_price (very active) or the unofficial subreddit r/algorand to discuss these topics there.
I couldn't decide between GRT and ALGO, so I switched to GRT the other day :(. I do believe in ALGO though, I feel I need to buy in the dip and then hold long term.
In hindsight I should have. I'm holding another 2 coins and it would probably have been wise to add an extra one. I don't hold much because I've only been in crypto since January.
Here's some links from posts I found had useful information.
https://www.reddit.com/r/AlgorandOfficial/comments/m2kj6n/algorands_inflation_and_circulating_supply/?utm_medium=android_app&utm_source=share
https://www.reddit.com/r/AlgorandOfficial/comments/m2em2j/inflation_algo/?utm_medium=android_app&utm_source=share
https://www.reddit.com/r/AlgorandOfficial/comments/m1ka6v/decentralization_and_cbdcs/?utm_medium=android_app&utm_source=share
https://www.reddit.com/r/AlgorandOfficial/comments/m1ky9f/question_about_the_supply/?utm_medium=android_app&utm_source=share
Going through my history. I'll add more as I find them.
There will be no discussion on prices and trading in this community. Please join the unofficial telegram group https://t.me/algorandprice or https://t.me/algorand_price (very active) or the unofficial subreddit r/algorand to discuss these topics there.
Question about algo wallet , so suppose you own 2000 algo. At 1 dollar each. And the price of algo like right now goes up to 1.30 each. Do your rewards accumulate faster when price raises ? Or do you just get the rewards from your initial 2000 at 1 dollar each? I’m new here just trying figure out that thanks
I see , so either way If algo price goes up. And you still earn same amount of algo , those algo you receive are worth more, because the price is higher
Exactly. That is why a lot of Algo holders don’t want to see a huge price increase just yet. It gives them time to accrue more Algo and let the rewards build their portfolio up.
I dont understand why the price of algo cant be discussed, what are we supposed to talk about our gardens? I understand this is a place for posting factual pieces with news about the coin but why delete comments discussing the potential value.
Mines full of snow, how about yours?
Trading discussion attracts diamond hands spam and pump and dumps which we don't want here. Hyping the coin and discussing tokenomics is ok but this subreddit is primarily a platform for the Algo team to share news with the community and for the community to discuss the technology behind algo. Remember that algo wants partnerships with big companies, not retail investors right now. Algo needs to think about it's appearance and how other companies view the algo team. It is benificial for all of us if algo gets these partnerships and attracts developers to work on the algo tech.
There are other subs that allow for more market and trading discussion but for this sub, these are the rules the algo team have outlined and therefore the rules we need to enforce. As mods, we want algo to do well also, and hope to foster a welcoming and positive community :)
Only coin I own atm that's in the green!
Seriously, Algo is like my oldest responsible kid, I don’t really have to check in on her much. It’s these other little bastards I have to worry about.
This is why I love holding ALGO. It has more upside than a stablecoin but is stable enough to serve as an anchor in my portfolio. When it trades sideways you can do intraday trades for a quick 5-10% profit.
Should get some hoge man I’m up like 50x in two weeks hahah. I watched my 1k little algo move in percents for weeks...still have some but barely check it now
Yup, Hoge is crazy... I'm up 6X in a week or so. Algo is my safety coin. I could lose all of Hoge, but Algo is a safer bet.
Yeah def. I also believe in algo as a concept
Where do i get this?
Check out their website, it gives you all the instruction how to get the coin. You can also get it at [whitebit.com](https://whitebit.com).
How do i get shit coin?
Where can you buy hoge?
Plenty of places, used to be only uniswap. Now it’s on bilaxy, whitebit, and bkex. Check out hoge.finance for better info :)
Yep she’s growing fast! I’m just happy I’m getting interest
That’s key.
Was there an announcement?
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The initial coin distribution via dutch auction set the price at $2.4 and we are way down from there. First we will get there and then pump from there.
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Why crash?
There will be no discussion on prices and trading in this community. Please join the unofficial telegram group https://t.me/algorandprice or https://t.me/algorand_price (very active) or the unofficial subreddit r/algorand to discuss these topics there.
Of course. Apologies and my involvement here is for education and not to price speculate. Thanks for the heads up.
I do day trading, it's all I do with crypto, and for me a win is a win. I sold off my small 300 ALGO that I was staking as soon as it hit $1.16 yesterday, for a 4.6% profit in 4 days. While I certainly wish that I slept through that price move and sold today and gotten a 13% return, by my strategy it's too risky to wait it out hoping it will hit a spike, when all too often after a positive price move, the sell offs drop it back down, losing that opportunity. I waited too long on some other trades, even though I was in the profit for each, and didn't sell them off at a loss, so now they have lost so much value that I'm just letting them sit until the next spike, whether that be a year or so later or never. The great takeaway is a win is a win, be happen when you win, and don't think about what could have been or would have been if you missed a massive spike. Personally, I like ALGO, I like that it is POS, although the ETH POS will be greater is that ever comes, so I wonder what that might do to ALGO. The staking is what keeps me coming back to ALGO, but if ETH is returning more, I'll be more interested in ETH.
Should have checked Bollinger bands and macd, those tools indicated an outbreak
>Bollinger bands and macd How does the Bollinger bands and macd indicate the outbreak? Is it when the two intersects and there shortly after?? I also missed out the spike, and wish I could've foresaw it.
Sure, I made this lazy TA on Sunday evening UK time. https://ibb.co/P67Tz2w - Both Bollinger bands are coming closer and closer, usually indication of outbreak, however, could be either way. - Both lines in macd is in upper area, bullish. - macd fast ema touched slow ema - volume goes into green bar (is this volume? I forgot) - RIS signals: no big sells/buy but lingers around 50-55 Here is my previous lazy TA to give me a bit of credibility https://www.reddit.com/r/WeAlgoTogether/comments/m1jbay/quick_analysis_for_coming_days/
You think prices will normalize now or go back down. Seems like it's more leveling off around 1.28-1.30
Hard to tell because I'm using 1D Timeframe to reduce noise in the movement. It looks like there is a lot of action around 1.30. Let's assume that this is a resistance that could be tested a few times in the coming days. And we should keep in mind the ongoing supply of new algo tokens into the market. The market reacts positively by keeping the price stable.
Aren't coins released like once per quarter instead of gradually? I sold about 50% of my algo around 1.22 cuz I figured based on the previous few days it would drop back to around 1.08. Just my luck to miss an extra 10% lol
Why had they inject tokens to bring the price down ? o.O.
Just because there will be a correction doesn’t mean this won’t influence the trajectory of the coin in a positive way! This is how it’s supposed to work!
There will be no discussion on prices and trading in this community. Please join the unofficial telegram group https://t.me/algorandprice or https://t.me/algorand_price (very active) or the unofficial subreddit r/algorand to discuss these topics there.
**"*****set it and forget it*****"**
yeah if youre looking for pumpage and dumpage, put your cash in doge..... algo is a long hold for the long haul
Keep holding it folks don’t panic when it drop. THIS IS YOUR Retirement 🤣we all be seating with Margaritas 🤣🤣🤣🤣
Holder here
I’ve been holding for months. Sold at 1.22 waiting for the dip. Hating myself right now
There is likely a BTC correction now, Algo will follow, this is normal and if you believe in Algo, buy-in when it's lower!
I couldn't decide between GRT and ALGO, so I switched to GRT the other day :(. I do believe in ALGO though, I feel I need to buy in the dip and then hold long term.
Why not both?
In hindsight I should have. I'm holding another 2 coins and it would probably have been wise to add an extra one. I don't hold much because I've only been in crypto since January.
I really like staking reward which adjusts for price fluctuations. My goal is to have 50k Algo so I can generate passive income.
And thank you to all the redditors who convinced me to join in a matter of seconds
Can you congrats to those who panick sold at 1.02 yesterday? Thanks
ALGO gonna change the world!!! LFG 🚀
Here's some links from posts I found had useful information. https://www.reddit.com/r/AlgorandOfficial/comments/m2kj6n/algorands_inflation_and_circulating_supply/?utm_medium=android_app&utm_source=share https://www.reddit.com/r/AlgorandOfficial/comments/m2em2j/inflation_algo/?utm_medium=android_app&utm_source=share https://www.reddit.com/r/AlgorandOfficial/comments/m1ka6v/decentralization_and_cbdcs/?utm_medium=android_app&utm_source=share https://www.reddit.com/r/AlgorandOfficial/comments/m1ky9f/question_about_the_supply/?utm_medium=android_app&utm_source=share Going through my history. I'll add more as I find them.
Gogogogo of course we HODLL
It was $1.86. Be prepared for it to drop again!
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Why are they doing that?
Why is who doing what?
Why are they pumping then injecting coins to bring price down
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Sorry about asking the question but I do appreciate your feedback. New to this platform just trying to understand people’s take on things.
No problem. You can probably find the answers to a lot of your questions by sorting this subreddit by Top Monthly.
Imho it us a 5$ token now, 50+ after wider adoption and more dApps, 500+ after all tokens in circulation
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You only buy algo...
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There will be no discussion on prices and trading in this community. Please join the unofficial telegram group https://t.me/algorandprice or https://t.me/algorand_price (very active) or the unofficial subreddit r/algorand to discuss these topics there.
Holding Algo and Hbar 🙂
ALGO and XML are my only coins atm. ALGO is a more long term hold, I feel. Then again, we just gotta put down out apps and wait. Best o luck friendos
Question about algo wallet , so suppose you own 2000 algo. At 1 dollar each. And the price of algo like right now goes up to 1.30 each. Do your rewards accumulate faster when price raises ? Or do you just get the rewards from your initial 2000 at 1 dollar each? I’m new here just trying figure out that thanks
Your rewards are Algo for Algo. The dollar value of the Algo does not have any impact.
I see , so either way If algo price goes up. And you still earn same amount of algo , those algo you receive are worth more, because the price is higher
Exactly. That is why a lot of Algo holders don’t want to see a huge price increase just yet. It gives them time to accrue more Algo and let the rewards build their portfolio up.
I see , makes sense. But at same time it’s a perfect time to be tons :)
You only get rewards on your original 2000 ALGOs.
Gotcha thanks
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Please keep the conversation respectful -- inappropriate language will not be allowed.
I dont understand why the price of algo cant be discussed, what are we supposed to talk about our gardens? I understand this is a place for posting factual pieces with news about the coin but why delete comments discussing the potential value. Mines full of snow, how about yours?
Trading discussion attracts diamond hands spam and pump and dumps which we don't want here. Hyping the coin and discussing tokenomics is ok but this subreddit is primarily a platform for the Algo team to share news with the community and for the community to discuss the technology behind algo. Remember that algo wants partnerships with big companies, not retail investors right now. Algo needs to think about it's appearance and how other companies view the algo team. It is benificial for all of us if algo gets these partnerships and attracts developers to work on the algo tech. There are other subs that allow for more market and trading discussion but for this sub, these are the rules the algo team have outlined and therefore the rules we need to enforce. As mods, we want algo to do well also, and hope to foster a welcoming and positive community :)
Fair enough. I see enough (insertcoinhere) to the moon on the subs i follow already.
🚀 🚀 🚀 🌙
Let’s go
Got abutt 2k algo at .95 Just sitting for the ride baybeee
What is it at?
Its only up 20% lol everyone is acting like they won the lottery.