3 warning signs. Energy usage and abundance of tokens for everyone in the world. Charts are lining up like bitcoin in 2012 before the massive bull market that gave bitcoin its popularity. Miners are losing revenue after the bitcoin halving and Algorand is everything crypto should be. Decentralized, very low energy network and more potential for expansion than any other project in the entire crypto market. Foundation and infrastructure is solid and ready to expand on a massive scale. If you are holding Algo tokens don't let them go. Trust me with the intel i just received this is a hot market for the next 10 years. Early investors hold the keys.
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Algofi shutting down is VERY BULLISH NEWS. The platform, which offers lending, borrowing and trading. We don't want leverage or borrowing. This is what causes major bear market dumps. Now finally Algorand will find its footing in the market.
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I know this chart looks crazy and unrealistic but is it really. The concept of the math calculating market prices for crypto is wrong. Variables have to be in the calculations and can not be accurate without current market information. Creating a value of an asset is unlimited based solely on volume. That is why markets have order books. Order books create value from demand. Example: what would happen if right now someone wanted 1 million dollars in algo tokens. If that person bought the order books within a 3 min timeframe then the market price would go up until that order is filled. Now live over the market trading does happen with some manipulation. But in a low volume scenario a whale chooses to buy at that specific time. The market price could go up hundreds of dollars. After those candles are printed then bullish volume comes in to support said price and the market settles for a period of time sideways until the next wave of support. This is common sense. We have all seen markets crash 90% or more very quickly in a disaster from demand to sell. The opposite happens when demand to buy is high. You can calculate tokens and market cap all you want but the reality is any crypto can go up beyond realistic expectations. 10 years ago how many actually believed bitcoin would go up to 69000. Bitcoin is great but it is reliant on lots of energy to maintain its network and miners are working 24/7. Algorand ALGO token uses less resources and has the potential to be a low energy alternative to bitcoin standard. Bitcoin and Algorand will be side by side and ethereum is the the glue that holds this market together.
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Reality is there will always be selling pressure on bitcoin to maintain the network. Algorand has no pressure. Low energy fast transactions and an innovative team - community following. The underdog holds the right resources to succeed where others failed from greed and manipulation. ALGO will win in the end regardless. Coal and nuclear powers bitcoin. Green energy powers ALGO.
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BIG NEWS UPDATE COMING There is strong speculation spreading that Algorand has already been chosen for X payment network of choice. Very smart choice by Elon Musk. Algorand is what Elon Musk inspires. Once this is verified algorand will be the top pick Token.
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I am quitting tradingview. A group of manipulators are targeting the large view publications. These people are very intelligent so it would be smart to stop giving our predictions with trades. They calculate how much you trade by previous publications. If you have shared info then they have a profile on you to guess around how much you trade. Do not like or comment on my publications. Go silent be ready bull market is about to happen. Good luck everyone
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If you haven't joined the lawsuit against the SEC and Gary Gensler you should do it soon. If you had any losses from any investment over the SEC manipulation then you are entitled to damages. Gary Gensler saying something does not make it true and if exhchanges delisted tokens and you were forced to sell or move tokens that cost fees then you can also sue the exchange. Time to fight back against the accusers. Long term vs short term trades and taxes plays a big roll in the manipulation as well. You can add that into your loss for recovery of contracts you traded and held. Thousands of people believe the government was farming tax revenue for their budget spending. That is illegal and violates the prime direct of the SEC which is suppose to be protect investors. Lets see Since Gary Gensler took his role countless crypto assets lost over 90% value. I say that Gary Gensler and the SEC commited liability fraud and still to this day refuses to acknowledge any wrong doing. What is even more disturbing is the crypto market was doing just fine until the SEC got involved with enforcement actions and lawsuits. Why didn't crypto get a bailout after the SEC targeted crypto and caused so much loss to investors. They bailed out the bank run when everyone when getting cash from the banks and they found more fraud with the banks than with crypto. Make a stand crypto community and put the pressure back on the SEC of their wrong they have done against investors and crypto projects. Its been a struggle recovering and rebuilding but slowly but surely we will prevail.
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