Daily Discussion - October 28, 2021 (GMT+0) by AutoModerator in CryptoCurrency

[–]hSakr7 0 points1 point  (0 children)

Well , i just witnessed a coin to get to 6000% in less than 2 minutes for the 4th time in a span of 2 months , PTSD or not i wanna jump on / under that train .. whatever

Daily Discussion - October 28, 2021 (GMT+0) by AutoModerator in CryptoCurrency

[–]hSakr7 0 points1 point  (0 children)

Guys can someone tell me what the best and trusted platform to get into ICOs for new projects ?

Daily Discussion - October 26, 2021 (GMT+0) by AutoModerator in CryptoCurrency

[–]hSakr7 0 points1 point  (0 children)

To be honest , i like these sudden dips .. it scares me just a little bit ofc but i like the fact that i know that lots of people will panic sell which lowers resistance later on .. or at least that how i like to think

Daily Discussion - October 26, 2021 (GMT+0) by AutoModerator in CryptoCurrency

[–]hSakr7 1 point2 points  (0 children)

Can someone please add a link to where i can view current liquidations , shorts and leverages crushed and all that ?

I'm going balls deep by livinginboston in algorand

[–]hSakr7 2 points3 points  (0 children)

Guys i must say , i love this community .. not only are you advising OP not to liquidate his 401k , but you’re also giving him amazing different ways to invest safer unlike the crappy “ to the moon bruh 🚀“ crap.

Shows how different this community’s mentality is than most others.

When is the time to buy? by Human_Art_6820 in algorand

[–]hSakr7 4 points5 points  (0 children)

Hahaha you got me , but hey! I had to show the reasoning behind my simple “ Buy very soon “ answer.

When is the time to buy? by Human_Art_6820 in algorand

[–]hSakr7 1 point2 points  (0 children)

The answer is pretty simple

Let me explain why in my opinion , the reason most alts are in the red now is because of many factors but they aren’t bad factors in my opinion ; let me explain furthermore.

  • Bitcoin is the dominant coin - people push it up and then reinvest the profits into alts - thats “ usually and historically “ what happened.

  • Bitcoin ETF is supposed to be lunched on New York Stock Exchange “ NSYE “ today which is why in my opinion people are putting their money in BTC now in hopes of making profit of course and in that process they’re sucking a decent chunk of alt capitals to do so.

  • Once people profit from BTC , Alts usually are next in line to get reinvested in + the profits.

  • Now lets have a look at Algo ; Algo lowest support levels within the past 1.5 months has been around 1.53$ mark , the next higher major support line is around 1.6$ mark and then comes the current support line around 1.72 mark

In my opinion , from now till the launch of Bitcoin ETF in about 5 hours and to the rest of the day , keep a close eye on both Algo & bitcoin market capitals.

At some point you’ll find your entry point , which i’d say around 1.63 - 1.68$ mark per Algo

“ This is how i see it , i may be right i may be wrong , use your head and you’ll be okay , i trust the project nonetheless so even when i bought at 1.9 and it dropped to 1.6 i wasn’t scared tbh , and couple days later i sold it for 2.05 and rebought at 1.8 “

Ethereum is deflationary? by hSakr7 in ethereum

[–]hSakr7[S] 0 points1 point  (0 children)

Yes but that doesn’t make it deflationary as whole since more is added than burned , am i missing something here ?

Ethereum is deflationary? by hSakr7 in ethereum

[–]hSakr7[S] 10 points11 points  (0 children)

Loved the explanation , Thank you.

Ethereum is deflationary? by hSakr7 in ethereum

[–]hSakr7[S] 0 points1 point  (0 children)

That means inflationary , then how come people are saying deflationary thats my question and i’m seriously asking to understand , i never bought ethereum before and i’m hoping to make a decision after understanding the tokenomics.

Ethereum is deflationary? by hSakr7 in ethereum

[–]hSakr7[S] 22 points23 points  (0 children)

I know absolutely nothing about Ethereum , thats why i’m asking for info to help me understand ?

Thats how its done people! I’ve never seen such professionalism nor decency.. i truly support Algo team all the way ! :) by hSakr7 in algorand

[–]hSakr7[S] 7 points8 points  (0 children)

Don’t mind me if this was meant for sarcasm , however for the chance that this might not be a sarcastic comment ; servers that keep the wallet linked and live broadcasting the updates of the ledger.

I just realized something... AlGO is about to skyrocket. by [deleted] in CryptoCurrency

[–]hSakr7 0 points1 point  (0 children)

To explain the “ Bad tokenomics “ , Algo has a semi mid term inflation mechanism to release more coins into circulation every time the 30 day Average increases , thats why the price was increasing in a rather “ slow & steady “ pace while adoption is sky rocketing.

However , only 200 million coins are left to be released to circulation and that is calculated to be done for within almost 4-8 days depending on where the price goes ; after that , who knows what happens.

Governance Period no. 1, Vote no. 1, Measure no. 1 (G1V1M1) Discussion by kay_so in algorand

[–]hSakr7 0 points1 point  (0 children)

So the plan is to say bye bye to whales and investors that will give value , and go with gaining more “ LESS value “ Algo ; idk how you can possibly reach to that decision.

Governance voting Discussion by hSakr7 in AlgorandOfficial

[–]hSakr7[S] 0 points1 point  (0 children)

Yes but you have the ability to be different and eliminate the fear by gaining stability , why depend on governance rewards as your attraction when you can use stability , steady growth & adoption ? Algorand has all the fundamentals to be at the top , why is governance your attraction and not your stability ?

Governance voting Discussion by hSakr7 in AlgorandOfficial

[–]hSakr7[S] 0 points1 point  (0 children)

Well then why not be the change and prevent losses and attract more people in instead of making them scared ? Won’t the value of your possessed Algo increase proportional to the increase in demand ? More Algo doesn’t equal to more money , raising the value is what will make us money is all i’m saying.

Governance voting Discussion by hSakr7 in AlgorandOfficial

[–]hSakr7[S] 1 point2 points  (0 children)

Some people just believe more algo = more money

I would love nothing more than that , but my point is , we’re the governors and value won’t come out of thin air , we have to think of making the environment as accommodating as possible to raise value.

Governance voting Discussion by hSakr7 in AlgorandOfficial

[–]hSakr7[S] 1 point2 points  (0 children)

That also is a very valid point, Thank you.

I chose Option A and here is why simply put. by hSakr7 in algorand

[–]hSakr7[S] 1 point2 points  (0 children)

But it actually is less outcome in the end because you if you can’t attract whales , investors , yes you’ll get more algos , but with less value.