Topic: Solana - Is it still good to buy or it's FOMO (Read 909 times)

Solana is one of the altcoins that has great potential, of course Solana is still very worthy of investment, yes, even though the price fell drastically some time ago, now you will definitely regret not buying Solana when the price was in free fall, but currently Solana is giving a very positive breakthrough in the crypto market because the price has risen several times more than before, I think it would be a big mistake not to invest in Solana in the last few years,

solana stayed high because last year the price does not even reached a certain value but now? with almost 150 dollars that is huge mate .

if we wanted to take a chance earning from this coin? then better to invest on it now mate or else you will regret that.

if bitcoin dumped then it will , if the bitcoin price rose high then we will see the SOlana market growing high.

From the time of creating this thread till now Solana network has been a problem to investors and newcomers that wanted to invest so people have not be able to invest largely in that project like that in this year. And the time when I see Solana in the early part of February was $157. 57 and nor the price is $147. Though it is good to invest in it now if the person is interested and if the network is free now.

It is better to invest in a project that is more popular than to invest in a project that is not well known.

its not really a FOMO the solana coin is as far as I know among the best one in the market, the blockchain is really active the ecosystem is great more specifically for meme coin enthusiast you won't run out of meme coin released everyday even though majority of them are just shit meme coin not even worth looking but sometime there are some meme coin worth investing.
I think people are afraid that it will go back to its starting point price or value where it only priced around $10 if i remember correctly since the price is already too high people tend to be afraid because there's bigger possibility that it will get dumped by the whales that trying to dump their coin accumulated from the lowest price floor.
not their fault because logically speaking that should be making people afraid when a coin thats priced too high or being considered over valued suddenly shrinking in price and then it dumps so hard many people will get massive minus in their investment.

OP, as you can see the same pattern has been repeated. I mean while you post about solana, that time it was probably $15 something and after some months it hit more than $200. Which is similar to your explanation what had happened in 2021. But this time solana isn't going to downfall, it has developed itself as more stronger than before and rather it'll grow cause bull run is yet to start. So you may have it without worries

Many were confused about investing with solana when it was keep going down. But it makes everyone surprised when it bounce back. And now its too high. Although I'm still seeing the opportunity cause recently it hit more than $200 and now probably $130 something. Due to correction market. I don't know it'll be more down or not, but i believe if anyone buy solana from this position then no doubt it'll be profitable cause when altcoins session will come when it will be explode with its price. Just my shereing speculation....

It feels the reply contradicts itself because you’re saying the decision should be coming from you after you have done your own analysis and preference, but yet in the beginning you said FOMO or not. FOMO can come from any source but in crypto, the most likely source of FOMO is from hype. A vast majority of people who have been swallowed up by FOMO are people who got blinded by the hype (which causes FOMO). So if really one should follow their own path to make good decisions, FOMO can’t be in the picture.

that is our thing to decide correctly , FOMO should not be affecting our investing and for me? I will never be one.

and still strongly working mate , though there are correction ? its always working better these months and maybe till the end o f the  year.

The only thing that we need to understand Solana is how great it  is till the bull market .

FOMO or not, you would really be needing up to consider on whats best for you and never ever make yourself that making up some decisions basing up on someones tips and recommendation. You are the ones who is really that handling out with your own funds and the ones would really be suffering on the time that things go shit. So better think up well and make up decisions according into your own analysis and preference.
Doesnt matter whether we are talking about SOL or any other coins that out in the market. When it comes to investment decisions then it would really be better that you should really be doing your own
research and invest on where you would seem that you are really that comfortable on investing with.

I think that FOMO isn’t always about the state of the market but your reason of going in too. It can be coincidental that when you finally choose to or when you plan to invest is when people are FOMO-ing in, and that doesn’t mean that your reason is FOMO. So just invest as you feel you should, as long as you’re not rushing because others are, then it’s not FOMO.

We are experiencing it right now and if this is the wave that we've been waiting for, so as you've said everyone has to be prepared.
Those that are new to this will be thinking that it's probably the end but this is actually the start of it, FOMO or not.
If you have a strong holdings for solana, you've seen how quick it had pumped from the bottom where it has been.

It's not just with SOL, the whole market follows Bitcoin if it goes up, they all go up, and if it goes down the market will go down and all coins will go down. I am in favour of investing in SOL because even if the market goes down, SOL is a very good project, it has recovered before and will recover again.
Keeping an eye on the ups and downs of the rest of the market is essential for all traders. To be a successful trader, you must always have complete knowledge of all the areas you want to invest in.

Considering the current market situation, I suggest people adopt the DCA method, this will ensure that even if the market goes down, we will have enough money left to buy more. If it goes up, our hands will not be empty.

be careful right now FTX is planning dump solana although some people might just shrug it under the rug but it might affect the price of solana regardless.
I guess the fud toward solana is coming again i still remember back then when bitcoin was this high there are so many fud about solana if it were to go down though i will just bag it instead
hoping that there will be some big rally in the upcoming future.
whether you should dump or instead readying your money to buy solana at its lowest level depends on you.
I think the fact that solana has been used a lot these days means this coin will not go down that much though.

indeed other alt are going down but the fact that solana has frequent outage and right now ftx is trying to dump their bag might be a fud for the future of solana though, so be prepared may be there will be waves of correction but its definitely just speculation it can be wrong.

It must be the FTX dump combined with Bitcoin dump which is also making the impact is just getting even bigger to the whole of crypto market. It is crashing the price of solana, but I see it as an opportunity offered by the dump of solana since this coin is getting big again, similar to when EZ eth depegs with the price of ethereum which was really painful for a lot of people. Panic selling is an opportunity for you to obtain solana at a very low cost and take profit once it was going up again. Bitcoin, like solana, is declining by a few percent and im not seeing it as a problem.

It causes the majority of cryptocurrency to perform poorly, as Bitcoin does. Solana suffers as a result of the dump consuming so much market liquidity. If you were a trader, you would have a great opportunity to buy more and then take profits later.
We've had a lot of major dumps, and I don't think it will have a significant impact on the token's performance; it will bump again later. The small dump is only temporary right now.
You shall not feel concerned about it. When market dumps then buy it


Enter when the market turned into the red candle. That's how the basic trade is working. If you are worrying about getting fomo then you can wait it forever by expecting the price of solana will come back again to the two digits. Think about that my friend.
The correction is happening right now. Things may be very different in the upcoming bulrun.

It had already started its bull run and just as what you think, we're on the same page. Once an altcoin moved a lot already, the money that was on it are already taken out and moves to another project as this is how the altcoins market works. I don't think that there will be more to its move not unless the peak of Bitcoin is made and there's a new flow of money going in to the altcoins. But I'd be settled with that and always believe that once an altcoin moved a lot just as its moving to a new ATH, it's not going to make another series of its peak.

Solana wasn't alone which had Such downfall record but if you search about some others top altcoins like matic, dot, link, ada then you'll found same statistics after bull end. Besides if a altcoin has potential then there's no problem if it dumped a lot or goes dip cause somehow it'll be recovered and so was happened for solana. After that, it touched almost $200 something and still expensive. And people believe that it still has space to grow more in upcoming days

I don't know the truth, but in my small community, I often say that Solana's price collapsed yesterday because of the FTX case which sold too much Solana, resulting in panic selling among investors. but what I admire about Solana is its fanatical community, in my country I see many people who worship the Solana network, if someone opposes them they will put up their bodies to defend their arguments. incredibly solid.

I think Solana has a good future, the network is okay, transaction fees are cheap, the community is solid, the fundamentals are okay, everything is okay. but do your own research. to convince you.

its depends whether some people might believe that solana could reach the market cap of etheruem some people believe that one day solana will surpass the value of ethereum,
from the perspective technology it also needs to note that it has disadvantages as well such as the outage that happening quite frequently with solana there are still many problems with their blockchain but people
doesn't really seem to mind about this at all, they just dont mind about it maybe because at the end of the day it got patched and people can just move on.
honestly i wouldn't buy if its right now the price already going up so high that it has difficult breaking through but for some people, they'd still invest in it anyway.

Well, I believe Solana price can go higher than right now and maybe many people miss the price at $20, but if we take a look Solana market movement we can expect the double top to happen and another correction incoming. If we're going to invest in Solana because of its utility, the community, the unique development, etc. we can invest right now without caring about the price, but in the other hand if we're looking for a profit in my prediction Solana probably going to have double top and another correction, when that happens we can buy the dip again. 

I think we shouldn't generalize everything and of course there are very different things called fundamental and not. SOL for me is quite good, but not yet significant. Indeed, there is no limit to how much profit we earn. can gain profits, even though the risks faced are also large. Investors can customize the portfolio they want to choose, in high risk or low risk.

Many altcoins will disappear from the cryptocurrency market, most of them are projects that do not have their own ecosystem and have no function at all in the crypto world.