Worried about Algorand?

Sea-Application7520 · 2021-12-20T19:03:55+00:00

Not worried at all.

shadybreak · 2021-12-20T20:08:49+00:00

Algorand is about 80% of my portfolio and I no longer look at the charts. In five and ten years today's price will not matter. If and when blockchain tech truly takes off, Alogrand will be kicking around within the forefront of the industry.

Anyway, whatever. Not financial advice blah blah.

PartyWithKnives11 · 2021-12-20T19:22:37+00:00

Great post! This is the first and only blockchain that I have felt comfortable with! I'm planning to hold for 10 years! Long term. Unless I make a few mill

LogikD · 2021-12-20T19:26:59+00:00

Anyone questioning algorand doesn’t understand algorand.

PartyWithKnives11 · 2021-12-20T19:58:17+00:00

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mattstover83 · 2021-12-20T20:29:07+00:00

I'm sitting back with my feet up and a 🍺 in hand, what you talking about?

ALGO go up, ALGO go down, I just keep buying.

As you pointed out, the ecosystem has made amazing strides this past year.

I for one am super excited to see what the future holds for Algorand.

__SlimeQ__ · 2021-12-20T20:48:28+00:00

A little while back I bought a little AVAX, traded it to TIME on Trader Joe, and staked it on wonderland.finance. Mostly to check out the ecosystem.

Compared to algo/tinyman/yieldly it's like using dial up. Slow, wallet options suck, trader Joe doesn't update properly and goes down all the time, and it cost 50 cents to a dollar for every transaction (which I had to do like 5 of).

Then of course TIME absolutely, hilariously cratered, but that's neither here nor there.

Honestly the choice is pretty simple to me. AVAX might be a worthwhile swing trade at the moment but ultimately it's not really that great, and it's only a matter of time before that becomes apparent to the masses

Phnake · 2021-12-20T22:26:58+00:00

There are a lot of people who would be buying at $3 but won't buy at $1.30.

clackeroomy · 2021-12-20T21:01:07+00:00

Only problem I have with current and recent ALGO values is that I won't have the ability to buy until mid January. It was painful watching it dip below $1.30 and not being able to take advantage.

2021-12-20T21:48:32+00:00

2022 is going to be fucking amazing for algorand.

tearductduck · 2021-12-20T19:14:15+00:00

The price right now is fantastic compared to what I bought most of my algo for. I'm not worried at all.

kranzj · 2021-12-20T20:22:46+00:00

I'm happy that Algo is still cheaper than other cryptos. And I don't base my confidence in a project on whether people currently buy the token. People buy the worst crap (just put some stupid dog on it), it's really no indication of a good project at all.

bubbaflintforge · 2021-12-20T20:28:50+00:00

I am not worried. Algorand appears to be moving quite a bit behind the scenes, probably inking a bunch of deals, waiting in silence for the relentless stream of news to descend upon the world over the coming months and years. At that point, people will notice ALGO. The current visibility is probably 10% of what it will be in the next three years.

Dr. Micali just visited a ton of South American leaders and there was hardly any news about it. If you watch ADA, anytime Charles meets with somebody it is all over the place.

I agree with pretty much everyone here. I have my biggest % in $ALGO. I do however also hold hedges in the L1 space such as $ONE and $HBAR. I am more active trading these coins in and out to maximize profits. I started staking $ONE for awhile, but decided that solo spot is held by ALGO (99% in governance). I didn't want to miss out on the market volatility with some swing trades using that $$ that is in in $ONE. I would be way too uncomfortable trading with the $$ from my ALGO.

crazyduckman111 · 2021-12-20T21:37:23+00:00

If you are worried about Algorand right now I will give you peace of mind by buying your coins for $1 USD

Lice138 · 2021-12-20T20:06:26+00:00

If you're that worried about it, you should invest in more than one crypto. You will drive yourself insane constantly looking at other cryptos and playing "what if i bought that one" over and over.
A lot of us got in below 40 cents and have seen the price go up and down for long periods. Before it shot up over two, it was struggling to stay over 1. Just be patient

ToastNoodles · 2021-12-20T21:06:38+00:00

Silvio is an absolute legend for his research and innovations in the cryptography space. Love the Algo team, have absolute upmost conviction in their ability to execute, innovate, and make Algorand into a fantastic protocol. Especially after their Decipher technical presentations. I appreciate their transparency and commitment/willingness to share anything and everything about the tech and where the project is going. It shows how serious they really are, and I feel more confident now in this project than ever.

woozertheboozer · 2021-12-20T22:44:10+00:00

I think the people that have doubts got in recently and haven't been here for awhile. This is basically a 10 year hold for me and don't really care what the price is while I use yieldly and other dapps in the ecosystem

LowCat1485 · 2021-12-20T23:04:35+00:00

I'm sweating, but not because algo hasn't mooned. I'm sweating in anticipation of not having a large enough stack before it does 😂

AuroraVandomme · 2021-12-20T23:21:03+00:00

ust a few things that happened this year. CBDC of Marshall Islands, El
Salvador, Columbia, the 4 bulls, decipher, Yieldly, Algofi, Tinyman,
Algomint, State Proofs anouncment, 800+ companies building, 16 million
wallets, governance, AVM updates

So if these events have not affected the price in a good way (since most events mentioned by you happened after ATH) what could move price up? Serious events and rumors drives price and in Algo ecosystem somehow they are not... Why you expect the price to go higher if massive events did nothing to price?

liftingtailsofcats · 2021-12-21T00:25:36+00:00

Not worried but wish I would have sold and re-bought lower to add.

chubs66 · 2021-12-20T18:54:37+00:00

The only reason why SOL and AVAX are popular, is because they look good on the Coinbase list Supply category. If it wasn't for that, they'd be nowhere.

People don't invest in SOL and AVAX for "the technology".

scalper84 · 2021-12-20T20:09:56+00:00

Yeah algofi couldn’t have launched in a better time , 😍

SquirrelMammoth2582 · 2021-12-20T20:12:56+00:00

This is where money is made and the moonboys sell to us. They have no understanding of price volatility and fundamentals.

Tasty_Duty856 · 2021-12-20T21:49:58+00:00

Solana is not evm compatible though🤷🏼‍♂️

k3kis · 2021-12-21T00:40:13+00:00

Betamax vs VHS.

There are no guarantees that the best technology will win.

MarshivaDiva · 2021-12-20T21:26:28+00:00

Algorand volatility is incorporated into my risk strategy. I am happy with my bag and having fun in the space now. I am glad to not stress the immediate price. Just accumulate more.

orindragonfly · 2021-12-20T23:03:29+00:00

Algorand has a solid team and is truly the best Blockchain out there, no worries here, I am happy for the opportunity to buy more and cheaper, our time is coming, the team is hard at work, you’ll see, you will all be reaping the rewards soon.

slipcovergl · 2021-12-20T23:48:43+00:00

Agree. Algorand is not for quick gain. And for a trader, investing all in ALGO is really not a good idea. You might get a really good profit by trading cleverly and continuously. But I think holding a good sum of Algo is definitely a good long term investment.

shakennotstirr · 2021-12-21T02:30:09+00:00

just some small corrections:-

CBDC for Marshall Islands didn't happen this year it was 2 years ago and looks to be on hold because of the IMF intervention
El Salvador is not CBDC
Columbia is not CBDC

h3d_prints · 2021-12-21T05:40:06+00:00

Stop looking at the one min chart and look at the 1 day bar chat. It's almost to the day repeating the cycle ealier this year. It's still putting in higher highs and higher lows. Algo is still young and growing algo will have its day in the sun.

PullUpSkuurt · 2021-12-20T19:56:41+00:00

Algo is the future bought in at 0,60 cent me happy

Fuck-MDD · 2021-12-20T21:36:41+00:00

All of these eth "co chains" are literally chaining themselves to a sinking ship. Ethereum 2.0 (STILL not released) is trying to catch up to what algorand can do natively. It won't be able to. The only thing eth has on Algo is the fact that it's older.

dickfittzwell · 2021-12-20T20:26:54+00:00

Also people need to realize that by far the majority of holders are still holding.

The volume on has been crazy low on Algorand this whole month.

nwaFZ · 2021-12-20T21:08:45+00:00

I’m worried I won’t be able to get as much under 1.50 as I want

Mac-Attack-74 · 2021-12-20T21:39:00+00:00

Thank you for your very informative post!

BlackBambool · 2021-12-20T21:56:05+00:00

Algorand is the way, and I cant see any other light in this darkness

RequirementOk6778 · 2021-12-20T22:30:50+00:00

BTW, why Algo can’t be also EVM compatible?

kansas_slim · 2021-12-20T22:35:55+00:00

I have worries - none involve ALGO. It’s the safest bet in crypto after BTC and ETH.

NefariousnessHot9996 · 2021-12-20T22:45:52+00:00

I wish I sold all at $2.40 and bought back under $1.30. THIS is the way..

scalper84 · 2021-12-21T00:21:21+00:00

Yeah and the thing I’m worried about is Asa listings on a bigger exchange. Like wen

JustCommunication640 · 2021-12-21T00:57:04+00:00

Will keep buying over the next few years. Not really concerned about price until 2025 or so.

calikid9one · 2021-12-21T01:09:54+00:00

I first bout at like 1.60 lol.. then when it went to . 80, bought more. Not worried about this recent drop at all.

Rental_Car · 2021-12-21T01:21:06+00:00

2022 = Year of the Algoverse

monsanitymagic · 2021-12-21T01:21:35+00:00

Not surprised the community on Reddit has more than double in the last 6 months. I just want to scream from the mountain tops “Algorand, this is the way!”

el_rico_pavo_real · 2021-12-21T02:10:39+00:00

I’m seriously just buying more. This time last year $ALGO was sitting around 0.33 - be smart, commit and compound in governance long term. It’s free money.

Horsetoothbrush · 2021-12-21T02:11:49+00:00

Who’s worried? I have absolutely zero concerns about Algo. It’s doing just fine.

FreedomFromIgnorance · 2021-12-21T03:43:32+00:00

I’m too busy actually using the blockchain to care all that much about price in the short term.

If you’re not actually using what Algorand has to offer, you’re missing out big time.

speel · 2021-12-21T04:08:53+00:00

I don't worry about money I'm willing to lose.

feanarosurion · 2021-12-21T05:04:19+00:00

Nobody should care about price at this point. If anything, lower is better to encourage more adoption.

Crap911 · 2021-12-21T08:47:17+00:00

Simply there are no whales to pump Algo yet.

RickRock415 · 2021-12-21T09:38:47+00:00

Diamond Hands Gang!

2021-12-21T10:45:18+00:00

No worries here, well apart of the fact that its Christmas time and i cant buy as many as id wanted to, as most of free cash went for gifts.

Teneth12 · 2021-12-21T11:23:54+00:00

Most slow and steady projects always win out in the end. Other projects moon because people want to get rich quick. Those people will also be the first to cash out and leave a project if the project runs into some trouble. Slow and steady builds trust and strong investors who will see the project until the end.

Comprehensive_Law773 · 2021-12-21T17:32:58+00:00

I haven’t bought algo yet, but out of all the projects I got my toes in, pure proof of stake is super cool and I’m definitely putting a chunk into before 2022

whynotajb · 2021-12-20T21:46:36+00:00

We literally pumped to all time highs while BTC started this dump. Once we can get price confirmation from BTC that the bull run is still on we’ll see a $3 ALGO very quickly

imnotabotareyou · 2021-12-20T20:37:29+00:00

It’s crashing…hard.

ItsEvan23 · 2021-12-20T23:00:00+00:00

Hard for the price to go up with having such highly inflationary tokenomics. I will be downvoted but that’s simply by noobs who don’t understand.

Everyone who holds ALGO is constantly getting flooded with new coins every day every minute.

HIGHLY INFLATIONARY

Which makes it very hard for proper price appreciation in a free market.

Most will scoff or be butt hurt by this comment but it’s the truth. The daily and weekly charts look like total garbage.

I’ve been holding since mid 2019 so I don’t wanna hear it from anyone that , I don’t get the tech blah blah etc.

AccomplishedPenalty4 · 2021-12-20T19:13:54+00:00

I was not euphoric 3 months ago. I was just as disappointed in Algo then as I am now.

This coin can’t stay above $2 to save its life.

Bag holder from EARLY December 2020 talking.

Algo is my worst performing long term investment.

Starting to think think more and more Algorand is the betamax of crypto.

I know I’ll get downvoted for this but Algo sucks and I wouldn’t be surprised if we go back under $1.

I still hold because I’m dumb and will wait for CBDC news which will never come. Instead I’ll sit back and read headlines about eth, avax, and solana.

Ernest-Everhard42 · 2021-12-20T22:35:12+00:00

I said this in another thread: Algorand in 2021 is Genentech in 1976-78

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Machobots · 2021-12-20T23:21:12+00:00

I'm just worried that I don't have as much fiat as I'd like to throw into algo and yeldly

Alone-Flan4333 · 2021-12-20T23:24:25+00:00

I have wondered to what extent the creation of all the recent ASAs has also impacted the price of ALGO. Think of all of the hundreds of millions of dollars that has been converted from ALGO into YLDY, XET, OPUL, and CHOICE (just to name a few). It's a difficult metric to determine and I'm hoping Tinychart.org will start showing ASA marketcap data soon.

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oswellswan · 2021-12-20T23:52:31+00:00

Just stacking. No time to worry.

Bigmusicfan1125 · 2021-12-20T23:57:33+00:00

destenlee · 2021-12-21T00:18:34+00:00

When i see posts like this it reminds me to pick up some more Algorand outside of my normal dollar cost averaging. Thanks for the reminder.

2021-12-21T00:23:55+00:00

I plan to accumulate and hold throughout at least the first 5-6 years of governance. Not worried about the price rn there is just a general risk off mood across all markets. It’s time to buy.

revzjohnson · 2021-12-21T01:06:26+00:00

I wouldn’t be worried if I were an investor of Algorand except for the fact they plaster their logo everywhere and it seems to have zero impact. I’ve seen it at hockey games, drone competitions, etc, and yet Solana and Avalanche are dancing circles around it.

Pound82 · 2021-12-21T01:41:12+00:00

I’ve just been adding. I’m well over my goal.

cader8 · 2021-12-21T02:43:36+00:00

They can fud all they want honestly let it go back down below a dollar for all I care. More ALGO for me

Amazing_Succotash677 · 2021-12-21T06:03:00+00:00

This is simply an opportunity to accumulate more algos, my favorite :)

AutoModerator · 2021-12-21T07:06:03+00:00

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Rain6637 · 2021-12-21T07:43:01+00:00

does it function? then I'm not worried about it.

AutoModerator · 2021-12-21T08:50:15+00:00

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Danny1641743 · 2021-12-21T10:12:28+00:00

If you're expecting it to moon, don't expect it with so many coins in circulation.

El_Demetrio · 2021-12-21T10:27:07+00:00

What is the maximum amount of tokens? Or is it infinite?

anaf28 · 2021-12-21T12:30:11+00:00

People can say whatever they want and shill, but IMO adoption is a very if not the most important factor in cryptocurrencies. I see Solana as currently the most successful project.

2021-12-21T15:04:46+00:00

A vast majority of people are in the crypto markets because they see it as quick money and they’re all pissed now because they are in the red and see it as a time to slate their investments. (ALGO included)

People need to lengthen their time preferences or don’t invest.

Anyway, this has been great time for me to DCA.

Wolverinex5 · 2021-12-21T18:47:18+00:00

Will Algorand fees still be cheap if it's price grows? What if 1 algo becomes 10,000? Then 0.001 algo won't be cheap anymore.

eviltwintomboy · 2021-12-22T05:00:28+00:00

Personally, I’ve been part of the Algorand community for about 9 months. I don’t have millions of coins, and have diversified between Algorand, Tezos, Cosmos, and Cardano. Prices rise and fall. Instead of looking at this as a get-rich quick scheme, I look at it as an investment in the future of some really amazing projects!

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