Another idea, another scenario, everything about crypto resembles 2015 bitfinex's scandal. If so, it could be interesting to compare Algo to xrp back in the early days.
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If Algo averages at 27 cents for the coming months to 1.5 years, it's definitely a great buy, until then, just wait and be patient, I mean what if it suddenly plummets to half a cent or the fifth of a cent? you never know. Just wait it out and don't try to catch a bottom or overthink it. It's not worth it.
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it's all been said and done, continue holding bitcoin spot on bitstamp or kraken, everything else is scammy until november of this year.
@aslyaev, It's going to 1000x for you, just telling you exactly what you want to hear
sun04
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@axelrodd ALGO or MATIC? which one you prefer for long term.
axelrodd
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@sun04, Once a good performer, always a good performer until proven otherwise, Matic of course, although it's already pumped too much. Algo is more comparable to Icon, Bat and Naga in 2017 even, until proven otherwise. If Algo is still trading within 17 to 33 cents range in 2 years, only then is a good idea to buy. This coin is so similar to Naga in 2017 it's scary to think we might one day see Algo trading around half a cent to 1 and a half cent. Be careful with this traitorous coin. I would rather stick to Bitcoin only for the next 2 years.
aslyaev
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I am from Ukraine and here the planning horizon is no more than a few weeks. Here I made a bet on Binance Dual Investment on the price of Algorand on 12/30/2022 - 0.37 US dollars. What is your forecast for the end of the year?
axelrodd
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@aslyaev, I think Bitcoin has reached an almost identical level to 2015, if you look at Dollar Index it also coincides with that pivot point, that's why I used xrp as a reference, because it's very very similar.