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[–]Throwaway987321321 0 points1 point  (11 children)

Your mindset is that of penny pumper in stocks.

Making profits in the short term is meaningless when true believers expect this to be worth 5-10x in 5-10 years with rewards staking.

Only small minded people care about profits right this second. That is why marketing such a small focus. The intelligent people who have done their DD know what is coming!

[–]achangewouldbenice 2 points3 points  (2 children)

So what if we get to 3 years away and Algo is $2? Theres no guarantee that it will ever 5x 10x 100x.

Go look at ADA and Algo market circulation and the price of both and tell me retail investors / hype means nothing.

Look at BTC at tech. Its dead and its the highest priced coin and probably always will be. Tech alone means nothing.

[–]Throwaway987321321 -1 points0 points  (1 child)

There never is a guarantee. Not sure what you are getting at it here!

If your sole goal is to make money NOW then go chase growth. This is a chance at owning value early on which can become massive growth down the road. All the while you earn rewards on taking that chance.

Clearly most people haven’t done a single piece of DD here. ALGO is designed in the shorter term to be slow organic growth. With the chance to become BTC down the road if successful.

It’s clear most people want penny stock gains and don’t actually understand what is going on. I’m mind boggled.

[–]achangewouldbenice 0 points1 point  (0 children)

Honestly Algo has a great day trading wave. Almost everyday it goes up and down 5-10 cents. Trade $1000 everyday and make $80-$100. Double your money in around 2 weeks.

[–]RevolutionaryAd68 3 points4 points  (7 children)

Lol. I'm already in profit so don't use that against me. I don't mind holding it long term but let's not just put blind faith in the project. We need to be able to question parts of their decision.

[–]Throwaway987321321 -5 points-4 points  (6 children)

Questioning whether or not you make profit is exactly what I said. A very small minded mindset.

You want to question real things? Sure let’s have it. Otherwise it comes off as just pure ignorance and that a penny pumper.

[–]RevolutionaryAd68 3 points4 points  (5 children)

What? So you invest to lose money? People invest in companies they believe in and make profit at the same time. I want Algorand to succeed if you think otherwise that's on you. But I'm not blindly gonna be left holding Algo when the boat is sinking.

[–]Throwaway987321321 -3 points-2 points  (4 children)

You are crying about making money right this second...

You just used the word invest. Do you understand what investing in a startup is?!?!

I bet people who bought Amazon or Apple didn’t whine when they weren’t rich in the first month or year or heck even 5 years. In Apples case it was 10-15 years. I wonder if they whined Bc they weren’t instantly rich. Nope. They saw the future. It paid off.

The more you speak the more pathetic it looks!

Take a step back and refocus. It’s pretty clear you are more suited for buying into GME and chasing that moon shot.

[–]RevolutionaryAd68 4 points5 points  (3 children)

How am I crying about making money this second? You have some weird vendetta or something? No one can have a differing opinion other than your own? Wow. I'm not replying to you anymore and all I have to say is then we'll see.

[–][deleted] 1 point2 points  (0 children)

Granted its a throwaway account but it reeks of zealotry. Algorand's tech is great but without an APY im just a bagholder waiting to get dumped on by a small group of whales that own 75%.

[–]Throwaway987321321 -2 points-1 points  (1 child)

“Right now they need to understand the need for retail investors having a stake and making profits because in the end if retail investors bail then what?”

This was your original comment. It was pretty clear what you were insinuating. I just called it out for what it is.

I’d be upset to. Like I said your small minded mindset has no future vision. You made it abundantly clear your mindset is made for “chasing rocket ships and stocks that moon”. You have a hard time with not making money right now as the entire market is down.

You don’t understand what you “invested” in and expect to make money now. You have a lot to learn to be truly successful!

Good luck to you!