The tech is very advanced and cool, and it seems like a solid project. The fact that it auto-stakes in any wallet, paying out rewards block-by-block is a really good sell.
I don't know enough about it yet to really want to throw down, but I picked up a little more yesterday in the fire sale making ALGO currently 0.23% of my portfolio.
I'm looking forward to seeing where it goes.
It is important not to take risks on what you don't know or haven't researched in depth, as many say: 'only bet what you are willing to lose'. Algorand shows an interesting technology and a development team with a proven track record, but will it be enough to present itself as an environmentally friendly technology to lead the marketcap?..... So far, nothing indicates that BTC's position of supremacy is in jeopardy.
While I agree with that in premise, unfortunately in crypto things move so fast that if you tried to become an expert in anything before dipping your toes in the water, you end up missing out on lots of movement. Personally, I find there's no better incentive to learn the ins-and-outs of a new blockchain than to just buy a bit and play around with it. Any money lost I just look at as tuition.
To your other point, while BTC's position of supremacy is still undisputed, I think there's quite a bit of indicators which suggest that position is indeed in jeopardy. Maximalists swear that any day now Bitcoin will be able to do anything and everything currently possible in the cryptosphere, yet to this day the blockchain only performs three functions: sending, receiving, and storing Bitcoin. And really, that's all it needs to do to survive as an extremely valuable digital asset long into the future.
But the rate at which Web 3.0 is being built out is astonishing, and Bitcoin plays no role in that other than as defi collateral. I will not be surprised to see BTC dominance drop to 20% by the end of the year.
No disrespect. BTC to the moon ✊