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.

Lida93

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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.

CK485

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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.

Ojima-ojo

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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.

Dzwaafu11

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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

Rampagoe004

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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.

Sebas.tian

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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

mich

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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

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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

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.

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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.

BabyBandit

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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!

khiholangkang

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Quote from: mich on October 26, 2024, 11:41:43 PM

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.

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.

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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

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

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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

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.

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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

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

Chibaba

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Quote from: Yaunfitda on October 24, 2024, 06:02:44 AM

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

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.

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.

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.

mich

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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/

348Judah

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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.

Dr.Bitcoin_Strange

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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.

jcojci

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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.

sarmrakib

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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

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.

Zanab247

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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

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.

Wiwo

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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.

passwordnow

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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.

aima55

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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 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.

bias

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Quote from: Slow death on October 25, 2024, 11:38:20 AM

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.

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...

Iamcrypticguy

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Quote from: fikrett on October 25, 2024, 12:50:03 AM

Quote from: el kaka22 on October 25, 2024, 12:06:52 AM

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.

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.

Akbarkoe

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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.

asriloni

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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 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.

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

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.

Slow death

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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.

l99l

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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.

itorai

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Quote from: el kaka22 on October 25, 2024, 12:06:52 AM

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.

fikrett

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Quote from: dansus021 on October 25, 2024, 01:22:10 AM

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.

dansus021

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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

fikrett

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Quote from: el kaka22 on October 25, 2024, 12:06:52 AM

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.

el kaka22

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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.

TastyChillySauce00

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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.

sunsilk

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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 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.

bias

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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...

Patikno

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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

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.

o48o

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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

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 .

AVE5

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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

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.

Marvell1

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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.

DeathAngel

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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.

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

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.

danherbias07

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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.

milewilda

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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

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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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

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.

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.

notMeNahh

newbie

Activity: 28

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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

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