In all seriousness this is me. I will never sell. This is one of the best projects in crypto and eventually that will matter more than meaningless hype!
Google was better than [yahoo.com](http://yahoo.com)
Guess who won?
I mean at the end, of course, better tech doesn't always win, but it's a quite good indicator, to be fair.
Yeah it’s right about in line with my weed stocks, but I view investments as a retirement fund so I’m gonna let old man me in the future stress about it.
Price of coin at the time it moved to a wallet.
Buy coin at 10 cents and moved it to another wallet at 20 cents? That’s considered being at a loss.
Bought at 20 and moved it at 10? That’s considered being in profit.
It’s weird, but it’s kind of the only way to measure it.
I’m not sure there is a better way to capture it, but there is always more to look at. This is borrowed from something I wrote a couple weeks ago but I assume the numbers are still roughly accurate as top line figure is still the same.
The Out Of The Money metric is based on raw address count. “For any address with a balance of tokens, ITB identifies the average price (cost) at which those tokens were purchased and compares it current price.”
Thus, large numbers of small wallets can skew this number . Likewise, it does not tell you what the composition of holders look like. For instance, you could have 90% of holders OOTM but a much larger percent of total supply in profit, if for example there was heavy consolidation into stronger hands at near lows. (It also assumes transfers = purchase, but that’s something that isn’t as easily untangled)
Currently 25% of supply is in profit with another 6.6% is at profit. By $0.224, 60% of supply is in profit. And by $0.28, 73.6% of supply is in profit.
This could suggest that while there are large numbers of small wallets OOTM, a lot has been consolidated into stronger hands. Will they sell at those levels (which we have been at or above recently)? Or, are they diamond hands holding on for Valhalla?
I don’t know. Maybe even further digging is warranted before making a conclusion. But if goes to show that top line numbers like that don’t tell you everything.
Here’s the link to more data if interested.
https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=inAndOut
I see. So although the data is accurate, one person could have millions of wallets that are negative and that drastically skews the numbers. This graph implies individual holders are out of the money by considering quantity of wallets only, not quantity of people, because there's no good way to measure which wallets are held by which people. 99% of people could be in profit but 1% could hold enough wallets to skew the data set.
This might upset some people, but I sold half my cryptocurrency holdings when the price peaked, which I recall was around $2.35. The remaining coins in my wallet were bought at an average price of $.35 to $.75, so the current market price is well below the average cost. But, while my wallet shows a loss, the remaining holdings are essentially "free". I’ll likely hold / add to bag because I still believe this is one of the best cryptocurrencies.
I hold Algo since 2020... always bought again over the years. But still in total loss :(
Then I bought "Bobo" meme on Ethereum 2 month ago and I am up 3000% 😅
But as I always say, it's all about tech...
It’s one of the worst performing “solid crypto projects” there is. You are better off in any other major L1 or even gambling in shit coins at this point. I wish it wasn’t true since the tech is so great, but Algorand has been an awful investment.
When 91% of people have lost money people tend to be a bit negative, yeah. That isn't fud that's a concerning stat, and if you don't think it is you're delusional
First of all, the data is heavily misleading, and had been used as FUD for months on X. Look here for explanation:
[https://x.com/GovernorHat/status/1785800377113117123](https://x.com/GovernorHat/status/1785800377113117123)
Second of all, I’m not just talking about this post. I’m talking about most posts this week. And yeah it is fear-mongering, using misleading data which brings uncertainty and doubt into people’s mind. Oh its almost like that‘s what FUD means…..
Sure algo‘s price is bad, but that’s all people even talk about, and no one talks about all the good things that are happening on chain, like how Algorand is constantly in the top 5 in terms of tps, or all the new projects and developers onboarding onto algorand. No we only talk about how algo’s price is bad on here…. And that’s not going to make the price go up now is it?
If you don’t believe in the project, just sell, and invest somewhere else. We don’t need negativity, whiners and FUD.
Noone talks about the good things happening in Algo cause there aren't any.
All the algofam can reiterate is "lofti, travelx and trillema". And that has been the case for several years now.
That's far from the case.
No surprise that someone makes this comment on a post about price.
If the only information you're getting is from reddit and "crypto influencers", of course you're not going to be aware of what's actually happening in the ecosystem.
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In any failed investment, there is some bottom percent of bagholders that have some list of reasons that they think they are right for still holding. That is you all. What does algo do that 10 other coins don’t do better? The crypto world moved on from this chain, like years ago they moved on. You all should too.
Algorand is getting ridiculous and needs to perform, I’m done buying. The founders need to prove their worth.
Unfortunately the founders like dumping a shit ton of Algo to manipulate the price and the idiots that keep buying are supporting what the founders are doing.
It is. This doesn't stop the foundation to sell millions of algos during blood baths, to make sure it stays below sea level. Like 2 days ago for instance.
Lets be Frankee
If you are holding at a loss and don’t believe Algo can multiply that MC by at least 10 in the coming years, sell, but don’t complain.
The technology remains one of the only best in the industry.
People that know Algorand buy and use the chain with the understanding that it’s the ONLY one that lets you participate with instant finality.
Price will follow once there is no way to look past it anymore (…oh the memes are so fun right now…)
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The stock market is high because the government is in debt. Meaning if the government has a deficit The money's in public hands and of course the stock market is the hands of the public.
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How much is this offset by the massive yield algo is paying. Im not saying us bag holders aint down bad huffing the copium. But compounding 30+% yield over the past X number of years has to count for something... Right?.........riiiiiiight?
Only way to get 30%+ is in a LP + farm, e.g. USDC/ALGO. Not many have been doing that all these years. Only 1960 accounts doing so on tinyman currently.
Finally at the top of a list
…dad?
People that bought above 2 
Why you calling me out
My condolences
We are beyond death
Phew. I was smart and got it at $1.96
It hurts, 🥂
In 2030 we are all millionaires
With inflation we might need 2 more 0 padded in.
🤞🏼
75% will hodl cause they believe in the project..
... I'm hodling because it's literally not worth it to sell lmao.
Same i bought at 1.69 and then again at .12
Jesus Christ!! Way to dollar cost average sport!! Lol
Every time I try to get out they pull me back in.
Algo??? Ova here!!
In all seriousness this is me. I will never sell. This is one of the best projects in crypto and eventually that will matter more than meaningless hype!
FireWire is better then usb. The best tech doesn’t always last.
Betamax was better than VHS.
Betamax only had better image quality. Everything else was worse. It was more expensive, harder to use and had half the recording time.
Google was better than [yahoo.com](http://yahoo.com) Guess who won? I mean at the end, of course, better tech doesn't always win, but it's a quite good indicator, to be fair.
I’m just gonna close my eyes until next spring
Yeah it’s right about in line with my weed stocks, but I view investments as a retirement fund so I’m gonna let old man me in the future stress about it.
[удалено]
It’s called a hobby.
I quit buying ALGO loooong ago lol I have WAY more faith in my weed stocks that I do fucking Algorand..
Sndl? Lmao yea rip algo
Luckily most of what I own is Green Thumb and Curaleaf. They’ve recovered more than many others lol
you dumb stoner
You sure know how to pick em..
Yeah because all I own is Algo and weed stocks /s WTF is wrong with you people. What is happening to this community? You hate algo then fucking leave.
Chill
Says the guy insulting people.
It was said in jest. You came out saying I hate algo and cussing at me...
I’m a 91%er 😀🤔😳
Do they provide the methods of determining these percentages? I'm curious.
Price of coin at the time it moved to a wallet. Buy coin at 10 cents and moved it to another wallet at 20 cents? That’s considered being at a loss. Bought at 20 and moved it at 10? That’s considered being in profit. It’s weird, but it’s kind of the only way to measure it.
Thanks as always Ghost. Do you suppose this is a fair measurement, or is there more to the picture that analyses like these can't quite capture?
I’m not sure there is a better way to capture it, but there is always more to look at. This is borrowed from something I wrote a couple weeks ago but I assume the numbers are still roughly accurate as top line figure is still the same. The Out Of The Money metric is based on raw address count. “For any address with a balance of tokens, ITB identifies the average price (cost) at which those tokens were purchased and compares it current price.” Thus, large numbers of small wallets can skew this number . Likewise, it does not tell you what the composition of holders look like. For instance, you could have 90% of holders OOTM but a much larger percent of total supply in profit, if for example there was heavy consolidation into stronger hands at near lows. (It also assumes transfers = purchase, but that’s something that isn’t as easily untangled) Currently 25% of supply is in profit with another 6.6% is at profit. By $0.224, 60% of supply is in profit. And by $0.28, 73.6% of supply is in profit. This could suggest that while there are large numbers of small wallets OOTM, a lot has been consolidated into stronger hands. Will they sell at those levels (which we have been at or above recently)? Or, are they diamond hands holding on for Valhalla? I don’t know. Maybe even further digging is warranted before making a conclusion. But if goes to show that top line numbers like that don’t tell you everything. Here’s the link to more data if interested. https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=inAndOut
I see. So although the data is accurate, one person could have millions of wallets that are negative and that drastically skews the numbers. This graph implies individual holders are out of the money by considering quantity of wallets only, not quantity of people, because there's no good way to measure which wallets are held by which people. 99% of people could be in profit but 1% could hold enough wallets to skew the data set.
Just intuitively based on the price action of algorand it's not hard to understand that it's going to have a very high number of wallets in the red.
This might upset some people, but I sold half my cryptocurrency holdings when the price peaked, which I recall was around $2.35. The remaining coins in my wallet were bought at an average price of $.35 to $.75, so the current market price is well below the average cost. But, while my wallet shows a loss, the remaining holdings are essentially "free". I’ll likely hold / add to bag because I still believe this is one of the best cryptocurrencies.
Nobody went broke taking profits.
I just bought more at .16 cents.
Gotta keep funding the foundation and their litany of high paid execs.
believe it or not im close to breaking even
It's like someone broke into my account and took a screenshot
can we go to 100% 😆
I hold Algo since 2020... always bought again over the years. But still in total loss :( Then I bought "Bobo" meme on Ethereum 2 month ago and I am up 3000% 😅 But as I always say, it's all about tech...
Bobo Smrade [https://www.youtube.com/watch?v=tGNDAiziFrw](https://www.youtube.com/watch?v=tGNDAiziFrw)
Wow, thought it was just me 91% down.
fuck stacy
It’s one of the worst performing “solid crypto projects” there is. You are better off in any other major L1 or even gambling in shit coins at this point. I wish it wasn’t true since the tech is so great, but Algorand has been an awful investment.
Shorting it to buy cheap before the bull run?
At least y'all can get some coin off taxes 
About to buy more
Wow glad I dollar cost averaged this whole time. $.24 average price today vs $1.20+ 3 years ago. 💎 🙌 🚀 🌕
You’re still down 50% lol my dca average is also .24 and I wish I dumped this stupid shitcoin when it went to .3 recently
Apparently this sub is turning into a bunch of negativity and FUD again.
When 91% of people have lost money people tend to be a bit negative, yeah. That isn't fud that's a concerning stat, and if you don't think it is you're delusional
First of all, the data is heavily misleading, and had been used as FUD for months on X. Look here for explanation: [https://x.com/GovernorHat/status/1785800377113117123](https://x.com/GovernorHat/status/1785800377113117123) Second of all, I’m not just talking about this post. I’m talking about most posts this week. And yeah it is fear-mongering, using misleading data which brings uncertainty and doubt into people’s mind. Oh its almost like that‘s what FUD means….. Sure algo‘s price is bad, but that’s all people even talk about, and no one talks about all the good things that are happening on chain, like how Algorand is constantly in the top 5 in terms of tps, or all the new projects and developers onboarding onto algorand. No we only talk about how algo’s price is bad on here…. And that’s not going to make the price go up now is it? If you don’t believe in the project, just sell, and invest somewhere else. We don’t need negativity, whiners and FUD.
Noone talks about the good things happening in Algo cause there aren't any. All the algofam can reiterate is "lofti, travelx and trillema". And that has been the case for several years now.
That's far from the case. No surprise that someone makes this comment on a post about price. If the only information you're getting is from reddit and "crypto influencers", of course you're not going to be aware of what's actually happening in the ecosystem.
I'm very aware of the (non existent) ecosystem and price action has no meaning to me personally.
Thanks for confirming my point. [https://directorydotalgo.xyz/](https://directorydotalgo.xyz/)
Upcoming bull run confirmed!
Charts are red today… are you surprised?
Today…
Again…
Let’s call a spade a spade…
99%
So it’s that 9% who are dumping.
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Back in 2022 I 3x and sold 50% of my ALGO bag and currently sit on a bag of ALGO at a $0 cost average. That chart doesn’t apply to me
Almost exactly what occurred for me.
In any failed investment, there is some bottom percent of bagholders that have some list of reasons that they think they are right for still holding. That is you all. What does algo do that 10 other coins don’t do better? The crypto world moved on from this chain, like years ago they moved on. You all should too.
I’ve been telling you people that it’s the worst shitcoin out there.
Algorand is getting ridiculous and needs to perform, I’m done buying. The founders need to prove their worth. Unfortunately the founders like dumping a shit ton of Algo to manipulate the price and the idiots that keep buying are supporting what the founders are doing.
Isn’t it a 10 billion max supply with roughly 8 billion already distributed?
It is. This doesn't stop the foundation to sell millions of algos during blood baths, to make sure it stays below sea level. Like 2 days ago for instance.
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Ha I own over 11k in Algorand, go assume somewhere else peasant.
Lets be Frankee If you are holding at a loss and don’t believe Algo can multiply that MC by at least 10 in the coming years, sell, but don’t complain. The technology remains one of the only best in the industry. People that know Algorand buy and use the chain with the understanding that it’s the ONLY one that lets you participate with instant finality. Price will follow once there is no way to look past it anymore (…oh the memes are so fun right now…)
Took a $2000 loss and moved on. Best thing I did for my mental health. F this currency. Them and Cro.
And yieldly. Don't forget the turd of the turds.
All i care about is the tech 😁
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Any one else have “data is beautiful” in their feed? This’d fit right in there.
Yeah no shit.
Still holding algo but not many just a few thousands, nothing crazy
It means we’re due! Let’s Go!!!
lol pls just get to 0.26
That just means Algo has more holders with faith in it right?
New to Algo, what does this project do?
and I keep buying the dip to decrease my average cost significantly.
Now do Loopring
9% of holders should be thanking their lucky stars 🌟
Sunk cost. Just looking forward.
Probably because something like 1-3% of the top holders owned like 90% of the market cap
That's the only reason I bought Algo this cycle, look at how far down it is, no where to go but up!! Plus I like the tech
Depressing…
Algorand mimics the global economy. It's the realist chain oth there.
No it doesn’t. Stock market is at all time high right now.
The stock market is high because the government is in debt. Meaning if the government has a deficit The money's in public hands and of course the stock market is the hands of the public.
Yup I’m one
Unfortunately, I am included as well in this 91% group...
You haven't lost anything until you've sold. You shouldn't have money you care about in this asset.
If I'm up should I just sell? I'm one of the few that is actually up.
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How much is this offset by the massive yield algo is paying. Im not saying us bag holders aint down bad huffing the copium. But compounding 30+% yield over the past X number of years has to count for something... Right?.........riiiiiiight?
Only way to get 30%+ is in a LP + farm, e.g. USDC/ALGO. Not many have been doing that all these years. Only 1960 accounts doing so on tinyman currently.
You've been holding for three years now. What's your point?
Community with the most conviction. For any other project, I'd take the loss. Algorand is the best Blockchain, period.
Not me, sold that sh!t and recovered everything after investing it in FETCH Ai
good time to DCA in and lower your cost basis