SHOULD I GO AHEAD TO BUY AND HOLD SOLANA?

BitcoinPanther

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Quote from: crwth on November 19, 2022, 02:25:19 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, 02:25:19 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.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 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.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 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.

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Quote from: ahyadinnn on November 18, 2022, 08:41:45 PM

Quote from: Famous Grouse on November 11, 2022, 07:18:01 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, 07:18:01 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, 07:18:01 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, 07:18:01 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.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 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, 07:18:01 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.

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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.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 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.

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Quote from: GreatArkansas on November 17, 2022, 09:08:22 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, 07:18:01 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.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 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.

trendcoin

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This question sounds like a direct request for investment advice. In such situations, I always try to make sentences that are not precise because I do not feel comfortable. We have been reading reports that there are very frequent errors in the Solana network. If you do a little google search, you can read a lot of news on the subject. Also a major problem is that FTX has huge amounts of SOL. They may be selling SOL to meet withdrawal requests. It won't suffer the same fate as FTT because we're talking about a big blockchain with products on it, but I think investing in this coin involves too much risk. If I wanted to invest in this coin, I would choose to risk with only a small portion of my money. I wish you good luck...

shinratensei_

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Buying solana now like you were betting with the future of FTX. Yeah FTX was not the only investors of solana but FTX gave so many impact to the solana. it can be said that solana was having a very high risk to be considered as investment.

People who aiming to buy solana at the bottom must also think again about that, solana itself was having so much bugs and it can go offline anytime.

SBF was facing a horrible situation and that would be so hard for solana as well. Think before you wanna buy it

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

I wouldn't touch it. For the different reasons then LUNA but still. Sam was one of the main backers for it and god knows how much there's still to be dumped by FTX or did they already dump everything. And the fact that solana network has been stopped several times doesn't really rise the overall confidence as a unstoppable permissionless platform.

And what it comes to reputation, i think that FTX managed stain it and for a while i won't touch most of the altcoins that were endorsed by Sam. Not until all this blows over.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

I advise you if you are in for short-term investment then you should avoid altcoins and since Luna has already crashed once there is every likelihood that same will happen again. The only coin I can find now is Bitcoin and that is if I have a good entry price if not I will just keep holding my present assets, but going in the direction of Luna for me is not an option right now.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

I can only recommend doing DYOR. We can advise you whether to buy or not, but you should also do further research on the Solana project. And if you find something that can convince you that the Solana project is a good one, you can start buying it and holding onto it. Otherwise, you can leave it and find another even better project. But remember to invest in bitcoin because we already know how bitcoin is capable so far. Investing in bitcoin is the main investment we must have in addition to investing in altcoins.

Crypt0Gore

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I feel like buying some Solana too but the FTC drama is not over yet.

If you are investing any dime on Solana make sure it's the amount you are ready to lose because if this drama continues the price can keep going down, I will wait for a better opportunity and if it never comes I'm good. .

If BTC fail to hold 15k+ we will likely see 10-12k and imagine what the price of Solana will be? I'd say hold your horses right now.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

Guys what's your opinion about SOL?

SOL looks a very bad choice for now as it's strongly affiliate with SBF as CEO from FTX which has been collapse a few days ago. Buying sol just like you were giving your money to the him. So many ventures capital will be securing their positions through dumping their SOL.
You must be careful with it. I personally will always try to avoid to buy this garbage coin. The blockchain of solana is also a garbage centralized blockchain.

Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

Is it a good buy or heading in the same direction as LUNA

It's heading to the same directyion as LUNA. I think that you shall try to avoid to deal with this coin. You have bunch of good coins available in the market right now. Try to think about that.

electronicash

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Quote from: Kemarit on November 16, 2022, 05:13:35 AM

Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

Not saying that it will go the same direction as Luna, but you have to think about it, they have been hack or at least involved of some funds lost.

So it's hard to see where they are going to be, or better yet a good hold for you.

I guess it depends on your long term goal, or just listen and feel what the community see about Solana. Personally, I'm not a big fan of it, just in the beginning when they had their own good run, but I sold everything, and never reinvest, just saying.

just bear in mind what is said above. SOL is a pumped token, so many NFTs created on SOL making the demand for SOL's utility but because of its affiliation to FTX, we may not see it goes back up. this you can related to SOL being on steroid. it may have a high value for now ($13.80) but it could dive still.

a lot of speculators bought SOL at $30 because they taught its the gonna go up already. so while nothing yet is happening like updates from teams roadmap or BTC bullrun. better just hold your stablecoins.

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Quote from: zasad@ on November 16, 2022, 09:29:31 AM

Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

Why do you want to buy Solana? For short-term speculation or for investment?
There is a risk of price reduction to 2-5 dollars and the price may increase by 2-3 times. With such risks, it is like gambling.
There are Cosmos, Polkadot and other coins that look more attractive for long-term investments.

For short term investment, it could still kick especially once we are on green marks. But the only problem is knowing when to enter, but for now, SOL will be more doubted by many people as a long term asset; much better if you'd go for main tokens of this industry. However, if Op is into short term investments, there are indeed better options as EGLD, GRT and such or basically altcoins which has somehow of a good reputation especially at this moment wherein what happened is still fresh and people still are buying it. Initiate an anjustment with your plans on this one. But if you are really that eager and you trust Solana that much, you're free to do so. SOL was indeed a good token.

albon

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

I do not advise you at all about the Solana coin, I thought for months that it is a good coin for the long term, but it turned out to be the opposite. The biggest reason is that Solana is supported by the Alameda Research platform by Sam Bankman, CEO of the FTX platform, who declared bankruptcy a few days ago, in addition to that the Solana blockchain was hit by a lot of the major failures that constituted a crisis, and I believe that Solana coin in the future will collapse like Luna and FTT coin, so do not risk your money in Solana coin, there are many other promising currencies on the market.

zasad@

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

Why do you want to buy Solana? For short-term speculation or for investment?
There is a risk of price reduction to 2-5 dollars and the price may increase by 2-3 times. With such risks, it is like gambling.
There are Cosmos, Polkadot and other coins that look more attractive for long-term investments.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

In trading perspective it still good. But you need to make cautious as Solana is tie up or related somehow with Sam and anything connected with that usually tends to go down as a result of their bankruptcy. Anyway, Luna was a really grave mistake, but maybe Solana can still be save if they improved a lot of things around their platform.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

Of course, if you do your research on the matter you are asking here in the forum, the answer to your question will be known. And if you are asking that because of the latest update that sol is doing or has done for their community holders, for me if the value of sol falls in the market a lot and if I have something to buy I will do it if I invest in it I'm sure there.

But of course, it's still good to see and monitor what happens in that matter, since I also can't deny that SOL also has the potential to be held long-term in the future.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

Not saying that it will go the same direction as Luna, but you have to think about it, they have been hack or at least involved of some funds lost.

So it's hard to see where they are going to be, or better yet a good hold for you.

I guess it depends on your long term goal, or just listen and feel what the community see about Solana. Personally, I'm not a big fan of it, just in the beginning when they had their own good run, but I sold everything, and never reinvest, just saying.

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Quote from: Famous Grouse on November 11, 2022, 07:18:01 AM

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

It has a great community but looking at its security matters, makes me not want to invest in it. The next Luna is we know and that's the FTT, they're bankrupt but SOL I think is far from being that.
Although there have been hacks and security issues from it it seems that the community it has is solid. So, you choose what you think is with them. You're going to worry with its securities or not or you're going to buy because it has a community support.

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

Topic: SHOULD I GO AHEAD TO BUY AND HOLD SOLANA? (Read 326 times)