Topic: Should I save or trade my SOL? (Read 315 times)

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.

That is a very relevant question to you about whether to bet or trade $SOL, especially given the volatility of the market at present. If you want stability and meaning, increasing your $SOL to a guaranteed 10% APR for 2 to 3 days might be a better bet. This would give sustainable returns without business stress and risk.

If you are okay with more risks and have knowledge of trading, you can seek higher returns by trading on the spot or futures markets in $SOL. Trading is very lucrative, but at the same time, there are enormous losses associated with it, especially when dealing with futures through leverage. Ultimately, the right strategy depends on your risk tolerance, business acumen, and financial goals. Staking is secure and stable returns. Trading can offer better returns, but it also has higher risks. Make sure you are comfortable with your familiarity with the market before making a decision.


The crypto community looked towards cheaper and more efficient alternatives. Therefore, the usage and popularity of SOL have increased. As for the future of ups and downs. It is fair enough to expect that scalability, as well as lower costs of transactions, will be something SOL will be able to continue benefiting from. Proven to be an attractive prospect for many users and projects, this will continue to play a key role in its long-term success as the market develops further.

This factor is relevant for whoever is deciding to raise or trade their SOL. The number of users around the ecosystem and the potential value of the SOL indicates it. This makes it a good choice for those who ask for sustainable value, but it's also for business savants. The change in the market can give them higher returns. However, there is more risk in this regard. In the final analysis, both approaches have merits. And largely, the selection depends on a person's ability to take risk and personal financial goals. As more projects join SOL, getting updated will help it be that much more effective.

The reason why SOL got this much attention is because ETH was expensive in 2021 and there were a lot of projects with it, and yet people were not happy with paying that much money for it. So in the next bull run, they needed another coin, which could be used a lot, and have a lot of projects, and not go high in gas fee as well.

Obviously the whole market can't decide on this all together, we are not going to all start a channel and talk there. So, what happened was we just all moved to a point where we liked the best, and because of that we ended up with SOL because most people ended up liking that the most. So I believe we are going to end up with much better results for SOL on the long term and make as much as we can.

Whatever you do, keep it.
Have it on a Solana wallet so you easily can swap it between USDC and SOL when it goes down and up.
Solana will have a very bright future, mark my words.

All good and all luck!

I also have it and I will not sell it, infrastructure development in this network is more complete as time goes by and it will make this coin continues to get enthusiasts and continues to grow, this project becomes a real Ethereum competitor, with its power that continues to grow it will be very good for We have invested in this coin.

But to assume it I use the existing defi ecosystem to increase profit opportunities, not only from an increase in coin prices but also a percentage that I can get when lending this coin.

If you want to stake your SOL you must do staking on a centralized exchange platform which is very risky. But if you can accept that risk, you can definitely do it. But for safer holding you can hold SOL long term in a non custdial wallet as SOL is a very potential coin and it can be predicted to hit the market cap of Ethium in the future. I see a very bright future for it. so if you can hold SOL for a long period without trading you will get much better profit

If you are holding it, I will like to know at what price you bought it and if you trading it for profit and buying lower I will like to know how expert you are in trading. If you bought the 100 sol at lower price probably last year, then I will advice you to hold it and stake it in a reputable platform because of possible hacks and there that do happen in protocols but I want you to know that 10% APR is nothing big, you will only be getting 1.xx sol after a year of staking, now imagine what you will get after 4 days of staking.

If you are a good trader, the market is very friendly recently due to upcoming US election and since there has been some areas of early early voting, people are now bullish than ever, Bitcoin is doing up and down but more likely to go up than we might see and so are the altcoins. Solana is one the most traded coins among alts, it's a good ace to start making more money so you can accumulate more sol.

Dyor is the best call here but staking is less risky among the highlighted options. I don't spot trade Eth and Sol since APR for staking them are good for long term holding.

Bitget recently launched BGSOL just as it is obtainable on Binance and could be worth exploring cos their APR is up to 30%
https://www.bitget.site/events/bitget-sol-staking?utmTerm=community

Solana is no longer hype but the real deal imho. It should be among the top 3-4 blockchains and it's closest competitor in terms of market cap atm should be BNB.

Exchanges have also recognized it potential to have rolled out it's liquid staking token that have seen adoption. BGSOL is the latest and have seen more than 20m solana already locked.

Well I do not hodl alot of SOL in my portfolio. But still I do think it is a good token to hodl. It is the main competitor for Ethereum and there is alot of apps on its blockchain.
And it did just make 2 new records. The tokens real economic value is now more then $11 Million which is a new record for it. I do think this token is one you will want o not sell right now.
https://ambcrypto.com/solana-hits-record-highs-in-2-key-areas-how-memecoins-helped-sols-rise/

It all depends on the rate at which the user took as his entry points, because this is going to determine what we are going to get, not even now that the whole market is bullish and we are seing their way of volatility, if one can hold for some time, then there is more going to happen to them and the market can still work oit to be on our sife for making profits, Solana is a big trend now and can get to anywhere at any time.

If you hold the coin for a long time, you can actually make profit when the price pump, although I don't like staking my coins or tokens on centralized exchange, but if you do so, be aware that the 10% ROI is per annum and not daily. So, if you hold the asset for 12 months, that's when you can get a complete 10% profit.

Before you decide to trade, you can ask to yourself, do you have a good skill in trade? If not, you can just hold your SOL without trading or staking it for 2 to 3 days. Even if the APR is interesting but you can be sure with the reward you will get. At least that is what I can suggest to you. If you really want to staking, you can choose the right place which can gives you the good rewards. But you can go with the exchanges which gives that APR so you don't have to do anything and just wait for the rewards distribute it. Maybe you need to staking for some time and not just for 2 to 3 days so your reward will be bigger.

The percentage is really good. 10% is really enough for saving. However we all know that Sol is the best altcoin of the crypto market. It has much and more potentiality to grow rapidly. We have seen how much it was climbed on the uptrend and i also hope it will go more up after getting a strong crypto uptrend. Its always a good decision to save crypto for your future. So that i think it will be a good decision for you to save some amount for future. Hope you will get a good return soon.

Saving the SOL will make you to earn plenty profits before the end of the 3 years, and the coin is good for hodling for long years and it can boost your confidence of making the coin your favorite coin for long term. Not that you will not make profit from your trading if you make it your choice but the profit will not big like the profit you will make from hodling when you hodl the SOL for 3 years before you sell.

Don't forget that they all have risk, which you must accept before you can get what you want from trading or hodling, but the one that easy to earn profits from Sol, is when you have enough capital to save in Sol for long years.

It's your money and your call, do whatever suits you because this is a matter of financial implications which means, only you can make the right decision based on your individual convictions and mind you if I where you the first question I ask myself is, what is my reason for holding the solo coin in the first place, because it is in the knowing that you can know if you are already at a stage where you can let go of your solo holding at the moment.

Altcoin is best for short term speculations and if you see some profits already on your asset, then selling off could become the most appropriate thing to do to avoid any possible dump in the market any moment from now, so let be guided but above all relying on your own individual convictions is the safest first step to releasing what decision to take consigning your investment.

Futures ain't a choice for me, I won't put any of that in there. If you're going to trade with futures, you can do that if you want to and it seems you're an experienced one and will be able to make it. Make it or break it as they say with that because if not, the only thing that you can do to gain them is to buy them back. Are you willing to take all the pressure of the market while aiming for such gains? Because if not, as they are saying you're taking the stress of it and you might be affected with that eventually and that's going to reflect with how you trade.

I actually just went through this exact same thought process with my SOL!

Was doing spot trading for a while and yeah, while you can catch some good moves, it's honestly stressful watching charts all day. Made some gains but also missed out on some sleep 😅

For 100 SOL, I'd personally lean towards staking, I was originally staking on Binance getting around 10% APR, which was okay. Made the switch to BGSOL just yesterday after seeing 30% APR on solayer

What I like about the staking route is you can still trade a portion if you want - like maybe stake 80% and keep 20% for trading? That's what I do now. The staked portion is earning pretty well and I use the rest when I see a clear trading opportunity.

Plus the nice thing is there's no lockup period, so if you see a really good trading opportunity, you can always switch strategies. Been working well for me so far.

Just my 2 cents based on what I've tried.

So let's just take the image that you post and put 50 Sell orders and 50 Buy orders respectively. Can you please do the math and tell me how much more you will get until SOL rises again as it did now? By the way, don't forget that in order for a trader to be successful, he needs the coin not only to be bullish but to be bearish as well...

Who doesn't like freebies. Talking about sol, Solana partnered with some top platforms to launch LST. I believe OP should look at that since it's available on binance, bybit, bitget.

Bitget has the highest tvl of the three, probably because of their apr.