Topic: Is it advisable to invest on Solana? - page 6. (Read 1408 times)
Solana is a good project and sometimes when I see people keep asking questions about it whether it is safe for an investment or not, I just wondered where the question is coming from. Solena has good possibility of doing when in the market when the bull market comes around.
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I don't want to discourage him but must also aware of the situation as well and while investing Solana is taking a huge risk, unlike when buying Bitcoin which we could really have peace of mind no matter what will happen in the market.Usually as for me i don't really look at the huge profits at that point in time because one could fell as victim while trying to chase big profits.
I don't think op would see it as discouragement because he was the one who is solely seeking for an idea, it is good to tell him the truth and left for him to choose whether to invest or not. If he thinks reducing his tension towards the investment then he should go with bitcoin and if he thinks of getting of huge profits then he should go with altcoins but the risk is very huge as well as they may not run for long term rather than shorts terms.
Inasmuch as I am a supporter of altcoin i won't encourage any one holding much altcoin all less is just for a short term because i doubt if they can survived for long run. As a wise investors or strong believer of bitcoin i will advise you to buy and hold only 30 percent of altcoin and 70 percent of bitcoin at this no much risk is involved because you have tried to lessen the risk factors.
There is something you need to know about altcoin, investing in altcoin doesn't really depends on you trying to choose a suggestion or even wanting someone to give you the go ahead order before buying. You should look at when making a lost those who have suggested for you may not be there to bear risk with you or even share lost with you, so i just suggest you should make the final decision on whether to invest in that project or not. But get one thing for sure about altcoin since we are closely looking at the bitcoin halving, there is every tendency that most of the major altcoin or all will certainly do well, where i don't encourage buying altcoin is inside bull run because you don't know what may come after Green time.
Some people are preferred to invest in altcoins instead of Bitcoin because of possible huge profit but granting it was intended for long-term investment, I agree it was a wrong decision for OP. However, I wasn't really confident that OP can manage to hold Solana or are able to buy it after hearing some bad news about it. I don't want to discourage him but must also aware of the situation as well and while investing Solana is taking a huge risk, unlike when buying Bitcoin which we could really have peace of mind no matter what will happen in the market. 
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
Why Sol? Why not Bitcoin? I mean, if you aren't sure of the future of the coin you are targeting buying because of unforeseeable risk; why not invest that cash in Bitcoin which has durability? Sol was a hotcake in the past but it seems all that frenzy has died off now. No one can tell you for sure what the future holds for Sol or any other altcoin. We are all speculators. That's the best anyone can get to in this industry. However, for you to deliberate on buying Sol it means there's something you think can make it a beneficial project. If what makes you think so is still there then it should be a good call from your angle. Remember, no one here is certain of the future of Sol or any other. Thanks for your responses.
There is something you need to know about altcoin, investing in altcoin doesn't really depends on you trying to choose a suggestion or even wanting someone to give you the go ahead order before buying. You should look at when making a lost those who have suggested for you may not be there to bear risk with you or even share lost with you, so i just suggest you should make the final decision on whether to invest in that project or not. But get one thing for sure about altcoin since we are closely looking at the bitcoin halving, there is every tendency that most of the major altcoin or all will certainly do well, where i don't encourage buying altcoin is inside bull run because you don't know what may come after Green time.
Lots of users here are still cautious about Solana because FTX are involved with it and they are planning to restart their crypto exchange again. Where do you think they will get the money? People suspects from their Solana investment but it was still up to you if you will invest on it because it was your money not ours.
Not just that, several news reports plenty of times that its network was suspended. As for USDC and USDT transfers, in some exchanges withdrawals and deposits were halted but only for the Solana chain. This was quite a long time ago but can still be used as a reference for those who think of investing in it.(https://decrypt.co/114028/crypto-suspends-usdc-usdt-solana)
(https://decrypt.co/114934/binance-temporarily-suspends-deposits-usdc-usdt-solana)
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
Thanks for your responses.
I dont think that its a good idea to buy Solana and hold it for a very long time. Some short flip maybe if you are good at trading, but definitely not for long term. The only coin worth holding for many years is Bitcoin as everything else is a big gamble.
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
don't hesitate to invest in Solana because Solana will be a competitor to Apple, Thanks for your responses.
yes they make smart phones based on blockchain,
of course this will be Hype and if the market is fulfilled then SOL has a high probability of potentially experiencing a pump in the future.
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
Thanks for your responses.
Solona are now again gaining some momentum. when its price drop to 9$ I was expecting that it will down just like luna but meme coin Bonk saved it and its price again recover to 20$. Solona Saga phone is new things they are going to launch which represents that team still doing there best to provide Best network to its user. I think investing in Sol is good.
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
You will do fine but I would also do bounties on Zealy io to accumulate more crypto for free. You can get Lamina1, Layer0, Q Blockchain, zkSYNC etc. Thanks for your responses.
Well, solana is a good coin to invest we all know that; its chain became larger than its early years and that is already something to be okay with for this token. Problem are issues on its name. It is being used on nft and other projects which made it on top of majority of cryptos or altcoins. If you are checking for its validity as an investment in this industry, I would personally yes, given that there is a hype which should be enough to sustain the increase on its value in the future. On the other hand, nothing will give you an assured profit on a specific time frame; its market price still is down but for sure this coin would be one to follow the uptrend once the market again, becomes bullish.
Solana has experienced an impressive 80% price increase thus far in 2023. However, it may face competition from other coins that offer strong ideas and promising ROI in the coming months. Projects such as LHINU, FGHT, CCHG, MET, and TARO could be lucrative investment options in 2023. I am not promoting any particular investment, but it may be worthwhile to consider these alternatives.
It was getting massive down after FTX has fallen in the past. Solana is still able to defend its price caused by it's not fully correlated with FTX. The only problem if people may still take FTX as the main problems that will not be fixed very son.
This is making the situation even more difficult at this moment caused by solana needs to compete with so many new blockchains in the market too.
It has good features but FTX was destroying reputatiohn from solana.
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
Thanks for your responses.
May i ask what gave you this idea to consider? Did someone told you it was a profitable or good platform? If so then why are you asking from random people about it. You can't confirm anyone's track record on investing in here. Or are you just seeking confirmation to your idea to buy it? If you haven't read their white paper and plans, maybe do so. And google criticism for solana as well. You'll be the judge if criticism is valid or not as there will be fud too.
I personally can't see harm buying it but i would feel weird if anyone trusted my word on what to buy. That would be a sure way to get rekt imho
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
Thanks for your responses.
It depends on how long u intend to hold Solana. The Outlook for this coin is very tricky. It shows a different pattern depending on the perspective of the analysis.
I'd see that Solana is performing so well when the ETH fee is high, people are then switching to Solana because of small fees. Though, not as good compared to other altcoins like ETH and BNB but I believe that this project will also compete with others to make a good trend in the next bull season.
If you are aiming to hold them for several years like 5 years and more, I couldn't say it was a good idea but if you are buying in preparation for the next bull season, then I would say go for it.
If you are aiming to hold them for several years like 5 years and more, I couldn't say it was a good idea but if you are buying in preparation for the next bull season, then I would say go for it.
Well it’s all up to you but in recent times Solana has been a solid project but you can never bank on an Altcoin, but if it’s not very compulsory you invest in Solana you can do your own research on top altcoins.
I may have no Altcoin now because of how inconsistent they are but if I am to ever have one I would go for safety, market record and reviews regardless of if the coin is listed expensive now so Ethereum is my favorite option.
I may have no Altcoin now because of how inconsistent they are but if I am to ever have one I would go for safety, market record and reviews regardless of if the coin is listed expensive now so Ethereum is my favorite option.
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
Thanks for your responses.
With all the coins that are in the market, it is only Solana that is appealing to your eye? Why not try coins that are work in the same manner like Sol and hold them. Solana has failed lots of people, majority of the investors regret putting their money in it and since it collapse, nothing serious is happening in the network unless the phone they plan to used for Solana chain but from the few reviews I have seen online, you will be disappointeed. Forget the price action you have been seeing, the traders are manipulating the market so that people will think solana will go back to $150 but that is deceiving.
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
My opinion is that you can buy and hold it. Currently, SOL is ranked 10th on Coinmarketcap.Thanks for your responses.
https://coinmarketcap.com/currencies/solana/
The collapse of the FTX exchange has caused the price of SOL to drop, but there is still a chance for it to grow again.
When you hold SOL, you should research and participate in SOL NFTs to increase the amount of SOL.
Whether or not it is advisable to invest in Solana depends on various factors, including your risk tolerance and investment goals1. Solana is known for its fast transaction speeds and low costs, which make it an attractive option for investors. Some experts predict that Solana could reach $100 in 2023. However, like any investment, Solana has its strengths and weaknesses, and investors should carefully consider these before making a decision3. Some analysts believe that Solana is a good long-term investment, particularly for those looking to diversify their crypto portfolio
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