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Topic: Should I save or trade my SOL? - page 2. (Read 315 times)

legendary
Activity: 1204
Merit: 1005
October 25, 2024, 01:17:33 PM
#22
My best suggestion is that you have to stake on a defi on a sole network that has the possibility of providing your chances of getting an airdrop in the future, on a network that is still trying or whatever in their campaign, rather than prostrating in exchange that only provides 10%reward, quantity It's very small for $ 100.

I make money like this to try a new ecosystem that has a benefit to several Early user in the sole network, it is a potential opportunity in the future for us to get more profit, and can even be used in some protocol restaking to get more rewards.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
October 25, 2024, 01:09:08 PM
#21

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 trading yourself for the same time period is much more profitable than staking. This is because staking small amounts of SOL would give you nothing. I bring a calculation of how much you will get for 1 SOL with 6.7%APR. You'll earn 0.00033 SOL for your daily income, 0.01 SOL for monthly, and 0.07 yearly.

And, by trading your SOL, you can earn a few bucks ($2 - $3) a day. That's 0.015 - 0.018 daily, depending on how smart you are.

Based on my calculations above, staking is not even worth trying with a small sum of money. If you're worried about the risk of trading in futures, try spot trading. It pays less than futures, but it's better than staking.


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


Even if some exchange sites were offering 10% or more, it's still not worthy to try.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
October 25, 2024, 11:38:20 AM
#20
In my opinion the best option is for you to take these coins and keep them in your wallet for a long time, in short, HODL them for the long term. Look at the current price of SOL and look at the chart of Sol:



The market is still bullish, it is accumulating and if the price of bitcoin breaks $74,000, then the price of SOL will start to rise a lot, you will have at least 2x profit, and maybe you could even have a profit much greater than 2x, you will run less risk when compared to leaving your coins in some exchange to do Staking, at least in your wallet the coins will be safe. Now about trading it will not give you profit because first the value is very low and second you will have to take high risks that could bring you big headaches. In my opinion avoid high risks and headaches, just hold and you will see that you will come out with much more profit and less headaches.
full member
Activity: 154
Merit: 115
October 25, 2024, 11:27:31 AM
#19
It is really hard to give buying and selling advice.
But it would be better to stay away from staking platforms because you are entrusting your token to another pool and it is out of your control.
The best thing to do is to increase the amount if you think you bought it from a good place and HODL until the right time.
member
Activity: 176
Merit: 34
SOL.BIOKRIPT.COM
October 25, 2024, 07:05:32 AM
#18

I would say saving it is better, invest into them and not really do anything different and we are going to end up with a better result with time. I believe the best thing we can do right now would be checking your other portfolio as well. If the only thing you have is SOL, then you may reconsider that, you could probably get something else and could make some money as well.

But, when we are dealing with something that already has bitcoin and ethereum, then maybe as a third option having SOL would not be a bad thing at all. These are important stuff because it matters when you look at the bigger picture, for example how much money you have in general and if you will need money quickly or if you can hold for long term, these are all important stuff.

it depends on the needs that you need for the future, which is desired to save it by looking at every opportunity that exists, of course by not missing the opportunity, maybe it takes the right time to choose SOL to get the right opportunity, or investing in it is a decision that you have.
jr. member
Activity: 70
Merit: 1
October 25, 2024, 01:25:55 AM
#17
Should I save or trade my SOL? Save it I mean your only choice for trade making huge gain is only option and futures and those are high risk derivative trade and never touch it unless you are know what are you doing. personally I don't recommend people to do trade especially in futures.

If I were you I might gonna put it at Solana DaPP like Solayer or other Re-Staking while you earn APR you also earn Airdrop point that could be useful in the future. But Saving the sol Is he safest way in my opinion

Yep, I am with you there - either stake it or hold it, OP, but don't leave to or trade it, especially with leverage, not on this market at this time, in my opinion.
copper member
Activity: 2156
Merit: 983
Part of AOBT - English Translator to Indonesia
October 25, 2024, 01:22:10 AM
#16
Should I save or trade my SOL? Save it I mean your only choice for trade making huge gain is only option and futures and those are high risk derivative trade and never touch it unless you are know what are you doing. personally I don't recommend people to do trade especially in futures.

If I were you I might gonna put it at Solana DaPP like Solayer or other Re-Staking while you earn APR you also earn Airdrop point that could be useful in the future. But Saving the sol Is he safest way in my opinion
jr. member
Activity: 70
Merit: 1
October 25, 2024, 12:50:03 AM
#15
I would say saving it is better, invest into them and not really do anything different and we are going to end up with a better result with time. I believe the best thing we can do right now would be checking your other portfolio as well. If the only thing you have is SOL, then you may reconsider that, you could probably get something else and could make some money as well.

But, when we are dealing with something that already has bitcoin and ethereum, then maybe as a third option having SOL would not be a bad thing at all. These are important stuff because it matters when you look at the bigger picture, for example how much money you have in general and if you will need money quickly or if you can hold for long term, these are all important stuff.

Yeah, if the bag is good, why bother?  Grin
SOL may be staked too, but the real Bull rally didn't start yet, so, it would be wise in my opinion to wait out a bit.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
October 25, 2024, 12:06:52 AM
#14
I would say saving it is better, invest into them and not really do anything different and we are going to end up with a better result with time. I believe the best thing we can do right now would be checking your other portfolio as well. If the only thing you have is SOL, then you may reconsider that, you could probably get something else and could make some money as well.

But, when we are dealing with something that already has bitcoin and ethereum, then maybe as a third option having SOL would not be a bad thing at all. These are important stuff because it matters when you look at the bigger picture, for example how much money you have in general and if you will need money quickly or if you can hold for long term, these are all important stuff.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
October 24, 2024, 07:49:56 PM
#13
depends bro, if you are so confident in your trading capability, then I guess go for trading, but always know that there's big chance you might lose all your SOL.

personally I'd settle with just staking the SOL, maybe in some restaking projects that have the potential of TGE, so you will get both rewards from the APR and the airdrop allocation but this require you to carefully see the project itself since it's a new project mostly you need to do background check, what investors are backing the project and how safe is the contract, remember there's always risk of scam and exploit.

honestly the only one that know what strategy suits you better is you, what target of profit you are seeking, how much percent you want to grow your capital within a year and so on.

so you need to make your own due diligence.
hero member
Activity: 3038
Merit: 634
October 24, 2024, 07:46:38 PM
#12
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 know the answers to your questions. If you're a good trader then trade whether it's with spot or futures but if it's me, I'll avoid the futures. And much better to keep that 100 SOL and if you have some stables there, you better trade them instead.

Keeping more SOL is better and every time you profit, get some of it and add to the current that you have.

I won't save them on exchanges even if they have 10% APY when they will not give me my private keys.

hero member
Activity: 882
Merit: 501
October 24, 2024, 07:23:18 PM
#11
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. Smiley
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...
full member
Activity: 119
Merit: 82
If you know, you know!
October 24, 2024, 09:37:10 AM
#10
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

Depending on your priorities, if you prioritize the security of your asset value, I suggest you just take the staking option. However, if you can tolerate the high fluctuations that may occur in the market, you can choose to do trading or futures trading. Everything has advantages and disadvantages, it just depends on how you deal with them.
legendary
Activity: 3010
Merit: 1156
Leading Crypto Sports Betting & Casino Platform
October 24, 2024, 09:00:31 AM
#9
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
What's your end game / exit plan? Are you planning at some point to exit and how much fiat money you want from your sol's to be worth then?

Only safe way to prevent losses is selling them immediately. Trading is never safe, nor is locking them for saving if you want to prevent losses.
For most of the people i wouldn't recommend trading at all. But assuming you know what you are doing, then you should know the answer yourself. You know the risks involved in it and what kind of trading styles you are familiar with. Nobody else knows how much you would make in trading, no matter how lucky you have been with it in the past.

From options you presented, i would choose staking, because trading takes time and time is valuable. Nor i believe it would work because while chart looks volatile, it's surprisingly bullish in long term, so that 10% of more SOL would probably be better to have in sol, then in some trading profits .
full member
Activity: 350
Merit: 128
October 24, 2024, 08:17:33 AM
#8
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

In the quest of acquiring Solana as an asset of making profits depends on individual targets and determination.
So the question is "are you a trader or an investor? Perhaps, both do have its pros and cons.

legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
October 24, 2024, 07:41:59 AM
#7
It all depends on you, mate. We cannot give investment advice because we do not know your investment taste, only you know what you need and want. Also, it is your money and you have to be responsible with your money, asking someone else for investment advice is not a wise idea as no one will be responsible for you if your investment loses.
Each method has its own pros and cons, and it seems like you already know them well. So I think you can make your own choice instead of relying on other people's advice.

If I told you: you should trade futures to make quick profits, would you do it if it's not your taste? As you can see, giving advice is really difficult and you will also feel confused because the advice is not what you want.
legendary
Activity: 3262
Merit: 1614
#1 VIP Crypto Casino
October 24, 2024, 07:28:39 AM
#6
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.
hero member
Activity: 826
Merit: 583
October 24, 2024, 07:24:04 AM
#5
I think some exchanges offer around 10% or more in savings deals, what do you guys think

I didn't check how much APR some centralized exchanges give for SOL staking. But if you don't have any trading knowledge or experience, it's better to do it than to take the risk of trading without knowing how to trade properly.

If you are a trader, you probably won't ask this kind of thing, because obviously you will be more interested in trading than staking with small returns. I don't know if it will be good enough for you or not, but maybe you can hold your SOL and try to add some. SOL is quite good, and still has the potential to increase in price in the future.
legendary
Activity: 3262
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
October 24, 2024, 06:30:42 AM
#4
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.
legendary
Activity: 3094
Merit: 1127
October 24, 2024, 06:07:01 AM
#3
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

Totally depends into your risks appetite on which if you do saw that you could be able to bare up with the risks basing up with the options then go ahead on which
you do seem that having that advantage.

1. Staking - Good APY/R will be that attractive, the bad or cons is that usually there's lock up or you wouldnt know on when these platforms would be having some issues.
2. Spot - If you arent that confident with your trading skills then better hold into your non custodial wallet.
3. Futures- Its simple gambling, i dont recommend it specially to those who are newbie

If you cant be able to decide on what you should gonna do then try to assess about the risks management on which it will really be
up to you on which one you would be prefering into.
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