SHOULD I GO AHEAD TO BUY AND HOLD SOLANA?

BitcoinPanther

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Quote from: crwth on November 19, 2022, 03:25:19 PM

Are you just waiting for someone to make a decision for you?

I believe he is just collecting different ideas about Solana since I think somehow @OP is "kinda" hesitant to buy for a possible reason that he thinks he is lacking some insight. I think his move of inquiring knowledgeable people in the forum on their stance about Solana is quite smart. Though I will still suggest to verify everything before jumping into a conclusion.

Quote from: crwth on November 19, 2022, 03:25:19 PM

I think if you have the idea and believe that you are going to benefit from being Solana, then go ahead, make sure that you are going to invest in what you can afford to lose.

Definitely he isn't 100% sure about Solana and needed some input from the community.

crwth

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Are you just waiting for someone to make a decision for you? I think if you have the idea and believe that you are going to benefit from being Solana, then go ahead, make sure that you are going to invest in what you can afford to lose.

roslinpl

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Solana had good potential like the binance.They had huge reputation like the Binance,Bitcoin.So the earliest adoption will be the good option,then trying to make some addition at the end.At the end ,you will buy at high and sell with limited profit.Even the people who adopted the bitcoin for the early adoption was the whale of the bitcoin trading.

MFahad

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Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

No, Solona is not good investment for now because of recently Large amount of token unlocked and many other factor which forced all big whales to get out from this coin and they shifted their money to other coins. Solona can down further like Luna and we should be stay safe

Shamm

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It's up to you mate because you will be the one who decide if you buy or not becauaw all we can say/ advice to you is that you must think first before going to invest. But for me Solana is a good for longterm investment it can make you happy in the long run but what other talking is that sola has an issue before so it's more risky to buy with because of the issue before but still your choice will be the boss.

pawanjain

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Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

SOL is a potential coin but the recent events in the crypto community has decreased my confidence on SOL.
I used to hold SOL until last week but since the FTT collapse the price of SOL has decreased a lot.
Also, Solana has faced network outages quite a few times which is really discouraged in crypto.
Investing in Solana is risky but equally profitable at the same time. I would consider investing a little portion into it.
Not going big into it but holding a small amount would be a good deal.

ethereumhunter

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Quote from: ahyadinnn on November 18, 2022, 09:41:45 PM

Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

sol is good enough for long term investment, they just need more security so that no more problems happen, and I still use sol network to follow some of the pre sales that are on sol network, but this is not a reason for you to buy sol, it's all in your hands , because this is a very high risk considering the cases that occurred a few days ago

Even though Solana is good enough for a long-term investment, he might keep looking at other information to find supporting news that can form the basis for his investment in Solana. This is important because he can only decide whether to invest in Solana or look for other coins. Remember that behind every investment, there will be a risk that will follow it. It's best to keep looking for more information so that we can be more confident about investing in Solana.

ahyadinnn

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Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

sol is good enough for long term investment, they just need more security so that no more problems happen, and I still use sol network to follow some of the pre sales that are on sol network, but this is not a reason for you to buy sol, it's all in your hands , because this is a very high risk considering the cases that occurred a few days ago

Lanatsa

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Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

Your money! Your choice!

If you do see that it is really worth to hold SOLANA or simply you do have the trust or see its potential then go ahead.Dont let others influence you with your decision.
Its true that it isnt really bad to see others input or views towards it but its up still to you the final decision to be made up.
Thing here is that you do able to bare up the risk involving on buying up coins.Its neither a hit nor miss as we do all know.
Buy something else or diversify as much as you could!

BitcoinPanther

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Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

Sol has solid community, the developer is still active and what its security problem today maybe solve in the future. So I think Solana is a good buy but be mindful of the amount you wanted to invest in to this project. After all Crypto investment is very risky especially to a project that has some issue regarding its security. Just invest what you can afford to lose. That way, even if your investment goes southward, you won't get into a problem.

cheezcarls

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Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

I’m not encouraging nor discouraging you to buy SOL. Ain’t a financial or investment advisor. Can’t tell if it’s a good buy in this situation or not, but you’ve always got to prepare about the risks you are taking.

Your money, your choice. You are fully responsible of the risks that you are taking. DYOR always.

Mr. Magkaisa

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Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

- In my assessment, this is a good opportunity to buy now and then just hold for the short or long term depending on what you want. It is unlikely that it will be like the Luna dude because the development that is happening in Solana is good, even if its price value has decreased in the market, that is because it was dragged by the FTX scandal recently.

But that doesn't mean it will be like luna or FTX, of course, it's not like that, so it's only temporary in SOL, there's a good chance it will recover immediately in a short period in my perception dude.

Maidak

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Not only Solana but in my opinion you should avoid investing in altcoins during this period, the crash of FTX is not over yet and the market is still likely to continue to crash, which in turn will result in many altcoins failing to survive this bear season. In previous bear seasons, a lot of topcoins have disappeared and some will never return to its old ATH. If you are not interested in investing in bitcoin then you are better off standing aside and waiting for another opportunity to come instead of buying altcoins now.

bitzizzix

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You have to evaluate it and indeed Solana fans call it an Ethereum killer, and this should make you extra careful when doing your research. It could just be random hype, and it does look promising but in the long run. So you'd start there and do some really detailed research.
and what we see right now is, the market is not friendly so we have to be careful in determining which coin we will choose and take advantage of the decline that occurs to make purchases and hold it for the long term it's up to you, and do research accurately until you feel sure, because in my opinion there is nothing better than bitcoin.

Kelvinid

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Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

No, I haven't seen it now due to some issues that they have faced.
https://thenewstack.io/how-secure-is-solana-really-industry-analysts-weigh-in/

Though I have never seen it follows the footstep of LUNA, it was better to anticipate such a thing rather than regrets it later. I see how this project get massive attention last year and most investors are talking positively about this project but yes, we can't really assume that everything went well and this is what happen to Solana.

Ahli38

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Actually Solana has good potential. But now I feel the need to be careful. the decline may continue slightly. And the decline that happened before was due to rumors that SBF had a stash of solanas and sold them which must have been a lot. followed by lots of fud and there was panic selling from the holders. But as long as we buy it gradually in small quantities. i think it's worth a try. But you have to be prepared with the risks which are much bigger. because if you look at the chart analysis, we can see that Sol's strongest support points seem to have been penetrated. so the potential for decline could have occurred deeper. But that doesn't necessarily happen. because the sol community is also quite solid. and perhaps what can be expected is the arrival of other large investors who buy soles. because actually the sole is at a decisive point. either going up or going down. DYOR.

tbct_mt2

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Quote from: GreatArkansas on November 17, 2022, 10:08:22 PM

For me, Solana is still good despite what happened to their major backer which is FTX Exchange and Alameda Research.

For me, Solana is still the #2 L1 network after Ethereum, so for me, it's still good because there are still a lot of projects in Solana. Solana is the best alternative for Ethereum when we are talking L1 network only.

For me, it is not good time to buy Solana. I don't say Solana is too bad technically but its blockchain has technical problems that cause their network downtimes past months.

Furthermore the collapse of FTX is still here and consequence of it is still unknown. The full level of consequence from FTX collapse on cryptocurrency market and cryptocurrency entities is still uncertain.

I will wait before this storm goes away to consider buying Solana. Maybe even at higher price than today price because it is safer time to enter in my opinion.

GreatArkansas

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Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

For me, Solana is still good despite what happened to their major backer which is FTX Exchange and Alameda Research.

For me, Solana is still the #2 L1 network after Ethereum, so for me, it's still good because there are still a lot of projects in Solana. Solana is the best alternative for Ethereum when we are talking L1 network only.

Rengga Jati

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Quote from: Famous Grouse on November 11, 2022, 08:18:01 AM

Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA

Solana is a strong and solid project, we may get it as a worthy investment. But, we will not know the future, like what happen to Luna, it seems that Luna was really a big and strong project, but it could be collapsed very soon. So, every decision will give each risk, this will depend on how high the risks are. But here, you can manage your money much better in certain projects. But definitely, I prefer to add more Bitcoins than invest in altcoins to decrease the risks that I may take later.

jossiel

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There was a mass hack that has been made on Solana and it's 8000 wallets that have been compromised. If you think that it's manageable and won't happen again in the future then buy them up.

Solana Hack — 8,000 Wallet Hacked, Approximately $8millions

Hacking attack drains £5m from 8,000 wallets linked to Solana crypto network

I'm not optimistic when something like this has already occurred to a project but I still see it at the top and many still likes it.

Topic: SHOULD I GO AHEAD TO BUY AND HOLD SOLANA? (Read 309 times)