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Topic: Is Algorand dead or can it recover? - page 4. (Read 485 times)

hero member
Activity: 1484
Merit: 706
June 08, 2023, 11:00:01 AM
#14
Are you someone who has just entered the crypto space @JamesDaniel90 ?, If not, you should already understand how cycles in the crypto space work. When conditions are good, there will always be news that isn't pleasant to hear (this is part of the cycle), so don't worry. I mean, never mind what happens to $ALGO because of bad news from the SEC.

If I were you (and believed in $ALGO), I would start my accumulation at this low price. I'm not really into $ALGO and don't know much there, but I have an article that might help you understand what the future holds for $ALGO. Here is: Algorand Price Prediction 2023-2032: Is ALGO a Good Investment?
member
Activity: 614
Merit: 25
June 08, 2023, 10:52:17 AM
#13
Dead as in it will not recover.

I am still holding and will buy more if we go lower
legendary
Activity: 2450
Merit: 1225
June 08, 2023, 10:49:09 AM
#12
What is the definition of "dead" for you on crypto?

It's because of the price? or because of the development, progress, and activity. What, I can see from social media @Algorand they are still active right now and the development are still getting develop.

Just because the price are shit doesn't mean they're dead. Dead meaning, the project are being abandoned or the token/coin no use-case at all  & for price is not guarantee at all.
hero member
Activity: 2002
Merit: 578
June 08, 2023, 08:12:05 AM
#11
I hold Algorand and not sure if I should buy these low prices or just hold and accept its over ??

It is currently at its lowest price in 3 years and almost at its all time low.

The SEC labelling it a security has put a lot of fear into everyone.

Does it have a future or is it over?
Hold and accept that it will make new ATH. The SEC labelling is just a clown stuff and I think if they won't respond on the rulemaking petition from Coinbase then it's likely a personal thing that he's into anit-crypto. When Gary was still on MIT this wasn't his approach towards crypto, he's more like pro-crypto. Algorand has a future considering it's one of the top compliant for ISO 20022. DYOR!! The SEC suing big exchanges and labelling some crypto as security was likely a FUD.
sr. member
Activity: 2800
Merit: 344
when lambo...
June 08, 2023, 08:11:46 AM
#10
I hold Algorand and not sure if I should buy these low prices or just hold and accept its over ??

It is currently at its lowest price in 3 years and almost at its all time low.

The SEC labelling it a security has put a lot of fear into everyone.

Does it have a future or is it over?
That describes the potentiality of the said project and seems nothing it shows.
Therefore, we don't have to expect a miracle to happen in this project because that was impossible. I would tell you that it helps you to just forget and never mind it as this is the result of investing shitcoins because we thought that buying cheap coins would give us huge profit but unfortunately, this will give us huge losses and disappointments. I have had this experience before and so I can feel of being disappointed by expecting something huge.
hero member
Activity: 1246
Merit: 556
Leading Crypto Sports Betting & Casino Platform
June 08, 2023, 08:01:14 AM
#9
Within the tumultuous seascape of cryptocurrency, the storm of instability is the lifeline we clutch onto, wouldn't you say? The predicament you're grappling with regarding Algorand echoes across the crypto cosmos in this era of relentless disruption. The seismic shockwaves sent by the latest SEC verdict certainly upset the apple cart. Algorand finds itself in the eye of the storm, inducing a collective, nail-biting suspense among all.

Yet, one mustn't mistake this narrative. The branding of Algorand as a security isn't the mortal blow you might perceive it to be. There's a whole plethora of securities that shine in the marketplace. The real pivot of discussion is the inherent usefulness and worth of the asset at hand.

This transient plummet might seem merciless, yet recall the genesis years of Bitcoin. It danced its own waltz of peaks and troughs before it found its stride. Thus, the question of Algorand's mortality or survival lies largely in the beholder's gaze. If faith in the project remains unwavering, this could very well be a golden opportunity. However, remember, in the unforgiving world of crypto, guarantees are elusive as shadows.
sr. member
Activity: 840
Merit: 267
SOL.BIOKRIPT.COM
June 08, 2023, 07:42:34 AM
#8
There is nothing much over here what you should do now is to utilized this chances of the bear to fill your bag, i don't believe Algorand would be dead in that manner. I guess it will recover but for me if you are holding enough volume of it there is no need buying more instead you may buy other altcoin which you think are likely to give you some good profits within the next 8 months to 1 year.
I have been thinking about which coin to invest all my money in. I will invest some money in some good coins. But if I invest all my money on one coin then I will get very little profit. So some good coins.  After choosing, I will invest and wait when the price will increase, then if I can sell, there will be a possibility of a lot of profit.
full member
Activity: 1260
Merit: 103
The OGz Club
June 08, 2023, 07:30:13 AM
#7
In my opinion, even though Algorand is mentioned by the SEC that the coin is a security,
Algorand will have no impact because the SEC is not suing Algorand, but suing Binance, so don't worry,
Algo is still traded on other top exchanges besides Binance, Algo's market cap is still high, don't worry.
hero member
Activity: 1428
Merit: 653
Next Generation Web3 Casino
June 08, 2023, 06:09:12 AM
#6
Sincerely speaking, whatever project that has involved SEC monitoring doesn't grow that much because there is fear, people might think is the end of the project. What i also noticed here is because of the bear so most of the altcoin are affected so why not make another choice being that you already holding some Algorand though i don't know how much you stored in your wallet considering what few poster earlier said to focus on bitcoin since the is the mover of the market and it quickly bounces back to it feets than altcoin. At hard time like this the best option is to hold tight on bitcoin and few reliable altcoin.
member
Activity: 614
Merit: 25
June 08, 2023, 05:22:16 AM
#5
I last bought some Algorand at $0.14 which I thought was a fantastic price at the time but it just keeps going lower!

I will not sell, will hold for now and buy more if it falls down to $0.11 which would be near its all time low.

I believe in Algorand and if it does get through this it can see great returns next bull run
legendary
Activity: 2072
Merit: 1315
CoinPoker.com
June 08, 2023, 04:54:49 AM
#4
Because its bear market now and expect no tokens and coins can moves like jagger. Algorand is one of the top projects, and even SEC got some statement about these securities nothing can stop the bll when its there. The only coin that worth watching is bitcoin, since altcoins depend on this. Once btc reach an uptrend direction regardless of the fud on the different altcoins then its gonna be unstoppable.
legendary
Activity: 1680
Merit: 1853
#SWGT CERTIK Audited
June 08, 2023, 04:51:47 AM
#3
The Securities and Exchange Commission (SEC) designation of some altcoins as a security has led to a significant drop in the price of these altcoins, Algorand among them.

I think Algorand could come back up in bull season, so my opinion is that since you've been holding it for a long time, wait a bit until bull season.
sr. member
Activity: 1316
Merit: 379
#SWGT PRE-SALE IS LIVE
June 08, 2023, 04:40:34 AM
#2
There is nothing much over here what you should do now is to utilized this chances of the bear to fill your bag, i don't believe Algorand would be dead in that manner. I guess it will recover but for me if you are holding enough volume of it there is no need buying more instead you may buy other altcoin which you think are likely to give you some good profits within the next 8 months to 1 year.
member
Activity: 614
Merit: 25
June 08, 2023, 02:37:07 AM
#1
I hold Algorand and not sure if I should buy these low prices or just hold and accept its over ??

It is currently at its lowest price in 3 years and almost at its all time low.

The SEC labelling it a security has put a lot of fear into everyone.

Does it have a future or is it over?
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