Well I do hope you did not trade your SOL tokens in this last week. It is up more then 20 percent that is more then Bitcoin and Ethereum.
That is because of what Coinbase exchange just did. It did bring wrapped Bitcoin token called cbBTC to the Solana blockchain. And just yesterday Coinbase minted 35 cbBTC that is worth $10 Million.
https://finance.yahoo.com/news/coinbase-unveils-wrapped-bitcoin-cbbtc-083051040.html
Topic: Should I save or trade my SOL? - page 2. (Read 655 times)
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 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.
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.
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!
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!
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/
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.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/
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.
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
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 I think some exchanges offer around 10% or more in savings deals, what do you guys think
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 some exchanges offer around 10% or more in savings deals, what do you guys think
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.
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
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.I think some exchanges offer around 10% or more in savings deals, what do you guys think
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
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
It's really hard to give financial advises here, and one thing is that you shouldn't ask for one as everyone will have their own opinion on it. For Sol though, lately it has been hype if I'm not mistaken, breaking into the top 10 and dislodging other good coins like ADA.I think some exchanges offer around 10% or more in savings deals, what do you guys think
So in any case, everything is going to be your decision, I'm not into staking as well. Why you just hold on it though and continue to buy and see how it goes for you in this bull run? Anyway, good luck to you and hope that you will make the best decision and so you can make good profits in the future.
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/
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.
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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.
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
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. I think some exchanges offer around 10% or more in savings deals, what do you guys think
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
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. I think some exchanges offer around 10% or more in savings deals, what do you guys think
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.
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.
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 some exchanges offer around 10% or more in savings deals, what do you guys think
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.
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.
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.
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...
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.
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?
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.
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.
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