Should I save or trade my SOL? | Bitcointalksearch.org

justdimin

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Quote from: notMeNahh on October 24, 2024, 04:44:10 AM

What do you guys think, if I have perhaps 100 $SOL which do you think is better Staking it for 2 to 3 days with a 10% APR or actually trading the SOL myself for that same time period. Personally, I think the savings might be safer and more predictable than the trading option. If I was to trade on Spot, it would probably be safer too, but I wouldn't make as much profit as the savings, but I wouldn't make significant losses either. If i trade on futures I probably might make more profit, but I come with greater risks

I think some exchanges offer around 10% or more in savings deals, what do you guys think

Making these researches during this time is great, we are definitely seeing them do very fine, and we should consider how SOL has a future and why people prefer it. When you do all of that, things are not really that crazy, and we can see it reach to a new level without much worry. Right now SOL has a lot of popularity, and this allows it to keep growing, and it grew more than bitcoin did, that's something you need to focus on and make some money as well.

At the moment, I would say keep staking it and keep making money from it without much issues. Together, with staking and holding, you are going to make enough money to profit well enough, you will double or even triple your money on the long term as well.

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Quote from: notMeNahh on October 24, 2024, 04:44:10 AM

What do you guys think? If I have perhaps 100 $SOL, which do you think is better, Staking it for 2 to 3 days with a 10% APR or trading the SOL myself for that same time period? Personally, I think the savings might be safer and more predictable than the trading option. If I was to trade on Spot, it would probably be safer too, but I wouldn't make as much profit as the savings, but I wouldn't make significant losses either. If i trade on futures I probably might make more profit, but I come with greater risks

I think some exchanges offer around 10% or more in savings deals, what do you guys think

If you have faith and believe in this project that in the near future, the price and if the coin will increase and if the platform where you save it also pays 10% interest as you mentioned, then it a good investment instead trading you solo holding off because of temporary price increase, because we can't compared the value of the coin now to what it will be in the next two year's from now, because amwe all know how the cryptocurrency investment space work's, asides from the expected seasonally pump in the market, each individual project still needs what to sustain their own value in the market.

And from the look of things, solo seems to have performed really well all this while and at a point we are beginning to consider them to be among the coins that have long term potentials in the market, and also since solo is among too too 100 too performing coins in the crypto market.

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Quote from: notMeNahh on October 24, 2024, 04:44:10 AM

What do you guys think, if I have perhaps 100 $SOL which do you think is better Staking it for 2 to 3 days with a 10% APR or actually trading the SOL myself for that same time period. Personally, I think the savings might be safer and more predictable than the trading option. If I was to trade on Spot, it would probably be safer too, but I wouldn't make as much profit as the savings, but I wouldn't make significant losses either. If i trade on futures I probably might make more profit, but I come with greater risks

I think some exchanges offer around 10% or more in savings deals, what do you guys think

Sol has been making nice movement since this year and I believe that good traders have made good enough money from sol. If you are a trader just trade sol rather than stake it. I unintentionally bought some sol but I don't know what to do with it, so I left it there in the wallet. I don't have the intention to hodl it like bitcoin and I also do not wish to sell it because it has appreciated. So, I am left with no other option than to leave it lying there without taking actions.

This might not be your own fate. You seem to understand the industry very well. Just read comments and make a nice decision.

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Quote from: Issa56 on November 15, 2024, 03:26:33 PM

Quote from: CTM_Marketing on November 09, 2024, 02:59:35 AM

Now, amid Donald Trump's victory, cryptocurrencies continue to rise as many hope that he will support cryptocurrencies. Which means that the cryptocurrency market will continue to grow. At least many believe and hope so. Roll Eyes

Even without Donald Trump's victory, bitcoin is still going to grow, and I don’t even like the idea of people linking bitcoin with politics, bitcoin should grow on its own and not because someone wins an election. Even if Donald Trump didn’t win the election, you don’t expect bitcoin to die, just that we might not see the current price movement in bitcoin, we won’t be seeing the current pump happening, maybe we will be in a bear, but Donald Trump’s victory has really helped bitcoin's price, but I don’t really have much confidence in most of these politicians, most of them do what’s going to favor them alone.

Yes, I agree with you that even without Donald Trump winning the election as president, Bitcoin will still continue growing. However, let us note that if we can have more government support for Bitcoin, it could grow more quickly. Governments have been a significant reason why Bitcoin has not been growing as well as it could.

Currently, there are countries where Bitcoin is still not legalized, and this has been a major reason why Bitcoin's price remains at its current level. If other governments become more supportive of cryptocurrency, trust me, Bitcoin could grow far beyond its current state.

So, I would say that Donald Trump might contribute to Bitcoin and altcoin prices increasing. However, let’s not forget one crucial thing. if the U.S. government decides to ban Bitcoin, it will surely impact Bitcoin growth negatively, as many people will rush to sell off their holdings.

Issa56

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Quote from: CTM_Marketing on November 09, 2024, 02:59:35 AM

Now, amid Donald Trump's victory, cryptocurrencies continue to rise as many hope that he will support cryptocurrencies. Which means that the cryptocurrency market will continue to grow. At least many believe and hope so. Roll Eyes

Even without Donald Trump's victory, bitcoin is still going to grow, and I don’t even like the idea of people linking bitcoin with politics, bitcoin should grow on its own and not because someone wins an election. Even if Donald Trump didn’t win the election, you don’t expect bitcoin to die, just that we might not see the current price movement in bitcoin, we won’t be seeing the current pump happening, maybe we will be in a bear, but Donald Trump’s victory has really helped bitcoin's price, but I don’t really have much confidence in most of these politicians, most of them do what’s going to favor them alone.

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Quote from: notMeNahh on October 24, 2024, 04:44:10 AM

What do you guys think, if I have perhaps 100 $SOL which do you think is better Staking it for 2 to 3 days with a 10% APR or actually trading the SOL myself for that same time period. Personally, I think the savings might be safer and more predictable than the trading option. If I was to trade on Spot, it would probably be safer too, but I wouldn't make as much profit as the savings, but I wouldn't make significant losses either. If i trade on futures I probably might make more profit, but I come with greater risks

I think some exchanges offer around 10% or more in savings deals, what do you guys think

I am no financial adviser so don't take this as a financial advise, still do your due diligence. I understand that staking would be safer than even the spot trading but I'll prefer you go for spot trading if you are confident of your trading capacity and knowledge. You stand a larger chance of making better profit with spot trading using 100 SOL at this period that there is better trading opportunities than you'll make staking it and waiting for some daily meager %. But in all you do avoid futures trading if you can't afford to lose all your solana.

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Quote from: Sebas.tian on November 09, 2024, 11:21:09 PM

I think, it will be favourable if you can save the Solana for long term, because the team behind Solana has the capacity to make the coin to increase higher in the nearest future and it will help people like you that have 100 Solana to achieve huge amount of income when the price hit another level in the market. Not that you will not make income, if you decide to trade the Solana now but the income will not be much like the one you will make when you hold the Solana for long term before you can trade the Solana in the bullish season. Just exercise patience with your Solana, because I know it will going to be a good day some day to those that will hold Solana till 2026, because the coin will not going to disappear like those new coins in the market, because the Solana has dominated in so many ways to attract population of investors.

Yes, I am sure of that, and it makes Solana still survive until now with its better popularity in the market, because investors see the advantages of Solana and see the performance it does, with the increasing development of Solana it shows that it will be better to invest in it, and that continues for its holders.

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Quote from: Sebas.tian on November 09, 2024, 11:21:09 PM

I think, it will be favourable if you can save the Solana for long term, because the team behind Solana has the capacity to make the coin to increase higher in the nearest future and it will help people like you that have 100 Solana to achieve huge amount of income when the price hit another level in the market. Not that you will not make income, if you decide to trade the Solana now but the income will not be much like the one you will make when you hold the Solana for long term before you can trade the Solana in the bullish season. Just exercise patience with your Solana, because I know it will going to be a good day some day to those that will hold Solana till 2026, because the coin will not going to disappear like those new coins in the market, because the Solana has dominated in so many ways to attract population of investors.

If it's about coins that have prospect it is going to be solana because if you look the way the price have been going I remembered when the price of solana dropped drastically to all most 13 dollar and look at what solana is aiming at not and this is a very good Altcoin that you will not regret buying and the way solana is climbing the price in the future will definitely be crazy. Am just trying to imagine if you have a 100 solana then buy at a lower and then selling when the price is highe or keep till when it goes higher. I just envy those that have been holding for a very long time the amount of profit that they would have made from the market and at some point it was as if everything was going to end on solana, but just look at and when they say go for altcoin then solana is one of the options that you can go for, if you don't have money to go for bitcoin and others like bnb and Eth so their is a lot more in solana.

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Quote from: albon on November 12, 2024, 05:54:51 PM

Even holding the token in the long term depends on the person's belief in the future of the currency and its efficiency in line with his vision. Indeed, any decision made in this field should be based on personal research, experience, knowledge, and the ability to bear risks. Futures trading is high-risk and could result in losing all of his funds. Even staking, despite the profits that can be achieved, does not prevent the token from experiencing volatility during the lock-up period. Also, the platform used for staking must be evaluated for its credibility. Spot trading requires experience in technical analysis and similar skills.

For someone wishing to sell the coin after making suitable profits, the decision to sell is ultimately theirs, whether to withdraw part of the profits or completely exit the position and invest in another coin. Without a doubt, Solana is a promising coin, and it’s likely to play an important role in the altcoin season.

with the existing investment opportunities by measuring the potential losses and profits that are factors that need to be considered, by holding tokens they have thought about all that, and one of them is Solana which has shown maximum growth and good adoption for those who hold it, which can provide benefits for the investment in it.

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Quote from: Dzwaafu11 on November 12, 2024, 02:38:46 PM

I think this is kind of a hard question for us here to answer. When you invest the money, you are the one that makes the decision for yourself, so it will be hard for anybody here to tell you to trade or do anything here. I think this is a matter of choice; this is something you should decide for yourself; furthermore. It will depend on how knowledgeable you are about it, but I feel like holding will be better than trading. It is good to hold Solana. Since we have seen it grow to some extent now and is still moving gradually.

Even holding the token in the long term depends on the person's belief in the future of the currency and its efficiency in line with his vision. Indeed, any decision made in this field should be based on personal research, experience, knowledge, and the ability to bear risks. Futures trading is high-risk and could result in losing all of his funds. Even staking, despite the profits that can be achieved, does not prevent the token from experiencing volatility during the lock-up period. Also, the platform used for staking must be evaluated for its credibility. Spot trading requires experience in technical analysis and similar skills.

For someone wishing to sell the coin after making suitable profits, the decision to sell is ultimately theirs, whether to withdraw part of the profits or completely exit the position and invest in another coin. Without a doubt, Solana is a promising coin, and it’s likely to play an important role in the altcoin season.

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Quote from: danherbias07 on October 24, 2024, 06:30:42 AM

It's like you really know the answer to your question but you are just asking for approval. I think you are on the right path but just doesn't have the courage to do it yet. Obviously, you know what you are doing but just having doubts.
Take the path where you think there's profit with less risk. That's what I always tell myself when it comes to buying and selling something, even in the non-cryptocurrencies market if I am confused. You don't want to be in the position where you made a mistake and everything falls because of that one mistake that you had done.
Take the safe path, get a bit of profit, repeat. The market is volatile so there's always a chance to make something.

Very well truth mate, any time you as an investor is in a State of confusion, the best thing to do at that point is to hold on with your capital, because by taking any position with in that confusion, it will lead to possible loses in the long run, so when there is doubt there is need for clarification so that is why the ops is asking this question in this topic and even though his expression show's that he have some fundamental foundational knowledge of the market and how it works.

But he just need a reaffirmation to what he is probably saying and thinking about the coin, solo is one of the most volitile asset lately, and there is need to be skeptical about it when dealing with the coin as a long term investment, but if trading it, then I can say that everything time is trading time for anyone that is expert in the market.

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Quote from: notMeNahh on October 24, 2024, 04:44:10 AM

What do you guys think, if I have perhaps 100 $SOL which do you think is better Staking it for 2 to 3 days with a 10% APR or actually trading the SOL myself for that same time period. Personally, I think the savings might be safer and more predictable than the trading option. If I was to trade on Spot, it would probably be safer too, but I wouldn't make as much profit as the savings, but I wouldn't make significant losses either. If i trade on futures I probably might make more profit, but I come with greater risks

I think some exchanges offer around 10% or more in savings deals, what do you guys think

I think this is kind of a hard question for us here to answer. When you invest the money, you are the one that makes the decision for yourself, so it will be hard for anybody here to tell you to trade or do anything here. I think this is a matter of choice; this is something you should decide for yourself; furthermore. It will depend on how knowledgeable you are about it, but I feel like holding will be better than trading. It is good to hold Solana. Since we have seen it grow to some extent now and is still moving gradually.

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Quote from: bias on October 24, 2024, 07:23:18 PM

Quote from: DeathAngel on October 24, 2024, 07:28:39 AM

I would advise you to stay away from staking & day trading. It’s too risky, you could lose all your money in the event a third party ownership issue arises or trading could get you liquidated & lose everything. The beet thing to do is buy regularly over a number of years & hodl. You can take profits years down the line.

Well, it seems it's a matter of perspective and different goals. My advice will be the exact opposite, no offense.

Only with trading can somebody earn more than he/ she has, as long as is focused and doesn't get distracted from his plan. Of course, it's not easy but it's not so hard either. As long as you don't hunt crazy percentages and huge profits in a trade, then you have chances to multiply them.
I'm not saying that hodling them isn't a good option, but will not grow by themselves...

We have very diverse markets with high liquidity so it’s a good thing that many of us have different perspectives & opinions. I have done very well in crypto simply by holding, selling some in bull markets & buying back in bear markets. To repeat this during each four year epoch cycle is a winner every time. I probably got in a lot earlier than you so it’s easier for me I guess.

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Quote from: notMeNahh on October 24, 2024, 04:44:10 AM

What do you guys think, if I have perhaps 100 $SOL which do you think is better Staking it for 2 to 3 days with a 10% APR or actually trading the SOL myself for that same time period. Personally, I think the savings might be safer and more predictable than the trading option. If I was to trade on Spot, it would probably be safer too, but I wouldn't make as much profit as the savings, but I wouldn't make significant losses either. If i trade on futures I probably might make more profit, but I come with greater risks

I think some exchanges offer around 10% or more in savings deals, what do you guys think

You asked a question, and it is the same you who answered the question, but cleverly, so you have nothing to worry about. In addition, I like you to do a thorough DYOR and know the exact variation in terms of offering investment opportunities by exchanges and other businesses and ensure you only risk your money where you can trust. This advice is important because the investment condition you wrote above is not feasible. And if the company is safe, you will do well. Even in buying to keep in your wallet, you will profit, $SOL is a good coin that would have earned you over 10x of your money if you'd bought it 2 years ago. It is never too late, you can buy to keep in this bull run season before it ends and later buy again at the beginning of the next bull run.

mich

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Well SOL is making big profits this week still. It is up more then 37 percent in just last 7 days it is up more then Bitcoin is.
And 1 token is now $221 and is getting close to all time high of $260. I do think we will see a new all time high for this token like we did see for Bitcoin.
https://www.fxstreet.com/cryptocurrencies/news/solana-reaches-new-yearly-high-eyes-all-time-record-levels-202411120409

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Quote from: notMeNahh on October 24, 2024, 04:44:10 AM

What do you guys think, if I have perhaps 100 $SOL which do you think is better Staking it for 2 to 3 days with a 10% APR or actually trading the SOL myself for that same time period. Personally, I think the savings might be safer and more predictable than the trading option. If I was to trade on Spot, it would probably be safer too, but I wouldn't make as much profit as the savings, but I wouldn't make significant losses either. If i trade on futures I probably might make more profit, but I come with greater risks

I think some exchanges offer around 10% or more in savings deals, what do you guys think

Currently Sol has great potential for significant price increases because we can see many new projects using the Solana network. From my observation you have researched Sol and are on the right decision but still want to see some responses from others. If on the one hand you understand traders then this is just a shadow for you no matter how it looks. Your interest in Sol, I think this is the right decision before making a decision.

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I think, it will be favourable if you can save the Solana for long term, because the team behind Solana has the capacity to make the coin to increase higher in the nearest future and it will help people like you that have 100 Solana to achieve huge amount of income when the price hit another level in the market. Not that you will not make income, if you decide to trade the Solana now but the income will not be much like the one you will make when you hold the Solana for long term before you can trade the Solana in the bullish season. Just exercise patience with your Solana, because I know it will going to be a good day some day to those that will hold Solana till 2026, because the coin will not going to disappear like those new coins in the market, because the Solana has dominated in so many ways to attract population of investors.

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Quote from: goldkingcoiner on October 27, 2024, 10:25:01 PM

Well, not to give you financial or investment advice, if I were in your shoes I would probably keep the SOL, especially now with the new big update and further developments in the near future. If anything, it seems to be the most active altcoin right now.

Who knows, you might end up missing something if you sell now.

in this bullrun, feels like people who just hold and do nothing actually get better PnL than the traders.

can vouch that just holding sol alone it's already giving me profit no need to risk it with trading and getting no profit because our trading turns out to be pretty weak.

this is the problem with trading sometime, market can be so unpredictable and when big rally happens, the trader lost money and the investor or holder get some big gain.

can you imagine shorting at BTC's ATH just to see the price keep going up for SOL and BTC, don't want to be that guy.

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Quote from: CTM_Marketing on November 09, 2024, 02:59:35 AM

Now, amid Donald Trump's victory, cryptocurrencies continue to rise as many hope that he will support cryptocurrencies. Which means that the cryptocurrency market will continue to grow. At least many believe and hope so. Roll Eyes

Well, isn't he already supporting cryptos? Preferably Bitcoin, since this is the ones that he always mentioned. As long as he will stick to this, we can surely experience more gains, most especially on those solid coins like Solana, so yeah, obviously that it is better to just HODL them than trading/selling them.

And even if let say there is no election that occurred and Trump or other candidates aren't involved in cryptos, Solana is still worth keeping because the crypto market can still rise on their own, as there are already lots of people who are now into them. Most cryptos are also decentralized, so as long as the person is willing, nothing can stop them engaging from it.

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Quote from: goldkingcoiner on October 27, 2024, 10:25:01 PM

Quote from: notMeNahh on October 24, 2024, 04:44:10 AM

What do you guys think, if I have perhaps 100 $SOL which do you think is better Staking it for 2 to 3 days with a 10% APR or actually trading the SOL myself for that same time period. Personally, I think the savings might be safer and more predictable than the trading option. If I was to trade on Spot, it would probably be safer too, but I wouldn't make as much profit as the savings, but I wouldn't make significant losses either. If i trade on futures I probably might make more profit, but I come with greater risks

I think some exchanges offer around 10% or more in savings deals, what do you guys think

Well, not to give you financial or investment advice, if I were in your shoes I would probably keep the SOL, especially now with the new big update and further developments in the near future. If anything, it seems to be the most active altcoin right now.

Who knows, you might end up missing something if you sell now.

Now, amid Donald Trump's victory, cryptocurrencies continue to rise as many hope that he will support cryptocurrencies. Which means that the cryptocurrency market will continue to grow. At least many believe and hope so. Roll Eyes

Topic: Should I save or trade my SOL? (Read 655 times)