There many coins that has 100%+ growth in short time but he volume is not high as SOL so the hype is not big as SOL price growth.
Solana platform may people said it was just same like ETH and will be ETH killer, but i don't think so because ETH was having this concept years ago and solana is just made it recently. And we don't know what ETH will be making in the future with ETH 2.0, there must be something big behind that being developed by their team to make ETH much more valueable in the future.
So i think it won't replace ETH let alone bitcoin
Topic: Should you sell ethereum and btc to buy Solana/SOL? - page 10. (Read 1094 times)
Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
You will get all types of suggestions for the question you have asked and honestly none of those suggestions really matter.
It's you who has to decide how you want to proceed with your portfolio because it's your coins and you shouldn't regret later because of someone else's decisions for you.
Solana is a potential coin but it has been highly pumped recently. This doesn't mean it won't pump more or fall down but you just have to acknowledge this fact before taking your decision.
What goes up also comes down and may be since Solana has pumped up it might face a minor correction as well.
I have a bag of Solana and I am in it for a long term because I believe in the project and I think it will be a very good long term investment.
If you are still confused whether to buy SOL now or not then you can also DCA (Dollar Cost Average) by buying some coins now and keep buying at frequent intervals to average out the buying price.
Selling BTC or ETH should again be your choice and I would recommend not to sell them because diversification is a good strategy.
Try to put in new money into SOL and DCA to have a good average buying price.
It is just sad that none of the people who can actually explain about these Alt-coins no longer visit the forum. For example, Solana is basically a blockchain on a novel consensus mechanism that its developers were confident can actually prove itself out in the wild. It works on what they call "Proof of History". Any consensus mechanism has to work on scale and that is demonstrated only in real world conditions like this.
The block generation has stopped because the consensus mechanism broke down at scale and multiple forks are happening. This clearly shows that the consensus mechanism is nowhere near mature enough to work at scale. This is why if you are betting on Solana then you will be caught dead in the water when the sentiment cools off.
The block generation has stopped because the consensus mechanism broke down at scale and multiple forks are happening. This clearly shows that the consensus mechanism is nowhere near mature enough to work at scale. This is why if you are betting on Solana then you will be caught dead in the water when the sentiment cools off.
The consensus mechanism didn't break down. The network was flooded with TXs and didn't have the proper QoS to prioritize network critical TXs.
Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
Solana's peak price was close to $200 and that might be reached again anytime soon. I haven't invested in it but it's probably good as a long-term investment but still, have your own assessment on this coin. There are many altcoins that have been at the top and with their peak but after a year or two, they're totally out of it. And if you want to sell your btc and eth for SOL, I won't do that but if you think that your solution for you to invest in it. Well, invest wisely. There are now some people who think that SOL has the potential to even overtake Ethereum...and maybe also have the chance to take on the throne by Bitcoin though I would not be thinking of that for the meantime. Now, if you think that there is a strong likelihood that it can be the real Eth killer then there is no reason why you would not want to hold some SOL. But of course, better do it when there can be a dip in its price...and it may happen soon as there will always be correction when the coin has been rising for some time. Goodluck on your Solana adventure.
If you want to gained quick profits probably that's a good idea since SOL(solana) had the most fastest growth rate in crypto market , but don't assume it will keep holding at the top, just be aware, because whales can manipulate the price of solana without knowing, i mean how growing so fast it's right now there's a possibility it will plunges so fast as well.. Indeed there's no enough proof that this token will last as it's new in the space., not the same with bitcoin and ethereum wherein always has a chance to recover after the dip and it's proven by the way since the very first start. So must think about it especially if you're planning for long run because not all good project nowadays can survive for long..
Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
Solana is a fairly promising project, the reason for this is its price increase, as you described in just a couple of months, more than 3 times. But I would not go out of steadfast monks like bitcoin and ethereum for the whole cutlet and invest in Solana, especially since Ethereum has grown even more than Solana over the past months.
There is no need to sell your Bitcoin and Ethereum if you are able to afford some Solana at the same time. Because you can make profits in all of them in time. I don't know whether it is a good time to buy Solana also. I'm also thinking of it but I decided to wait for some considering the possibility that Solana price can go down to even lower levels by a price correction.
Why sell if you can buy both then hold? since its crazy to pick only one and wait to pump we can actually maximize our capital then buy those potential coins around. And we should believe that never put your capital on single basket since we don't know if the pump will continue, its hard to get FOMO and baghold that's why we need to be smart on taking decisions so that we can possible accumulate profits on multiple options.
It is just sad that none of the people who can actually explain about these Alt-coins no longer visit the forum. For example, Solana is basically a blockchain on a novel consensus mechanism that its developers were confident can actually prove itself out in the wild. It works on what they call "Proof of History". Any consensus mechanism has to work on scale and that is demonstrated only in real world conditions like this.
The block generation has stopped because the consensus mechanism broke down at scale and multiple forks are happening. This clearly shows that the consensus mechanism is nowhere near mature enough to work at scale. This is why if you are betting on Solana then you will be caught dead in the water when the sentiment cools off.
The block generation has stopped because the consensus mechanism broke down at scale and multiple forks are happening. This clearly shows that the consensus mechanism is nowhere near mature enough to work at scale. This is why if you are betting on Solana then you will be caught dead in the water when the sentiment cools off.
It would be a wise choice to invest into Solana as it is a really promising project. I expect the price to even reach $1000 at least in the future. However, I don't think that it would be a smart choice to sell Ethereum and Bitcoin for buying Solana. Because you can make a lot of profit in Bitcoin and Ethereum also in the long run. Rather than selling them, you can buy Solana as an extra to them.
Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
If you are going to buy it on top, then it is not good, wait for it to really drop before purchasing and hold on it. But as far as shifting your funds from ETH/BTC is not good in my opinion. I mean those two prime movers are already solid, keep your investments on them and try to buy SOL when you have the budget and then sell when you profit already and then that is the time to move it to ETH/BTC and not the other way around.
Solana is good for short term investment and also good if done as long term investment. As a new coin in crypto, the increase in Solana's price in one month indeed surprised many people and believed in the function and purpose of Solana being present in the crypto space. But we also shouldn't underestimate Dogecoin in the crypto market. Dogecoin can always surprise the market and it has proven to have experienced tremendous price increases.
Solana is likely to be a tough competitor for Ethereum in the future but it don't think it may beat Eth, it all depends on BTC reacts in upcoming days. people are very much concerned on missing Solana it came to $40 before a month and now the trend is totally different, I think for long term solana might be a good coin for investment because the future looks pretty cool.
I think that Solana has already played its aces and that caused price to make that price growth from June to September. They have announced, developed or done what they wanted, and now it is time for Solana devs just to keep working. That is why short-term investment wont bring much imo. But long-term is always a lottery. Solana need to develop and quickly something new for short-term investment to be reasonable.
If I were you, I would have kept my Ethereum un Bitcoin untouched, but rather exchange other altcoin to Solana. As I believe that in the end of the autumn there will be another Bitcoin price pump.
Btw, Solana blockchain was down for several hours recently, and that is not the first time this happen. This is a good sign. This could drop price badly. As well as this: Solana developers have decided to restart the network after over seven hours of downtime. (ouch!)
If I were you, I would have kept my Ethereum un Bitcoin untouched, but rather exchange other altcoin to Solana. As I believe that in the end of the autumn there will be another Bitcoin price pump.
Btw, Solana blockchain was down for several hours recently, and that is not the first time this happen. This is a good sign. This could drop price badly. As well as this: Solana developers have decided to restart the network after over seven hours of downtime. (ouch!)
Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
I don't think you can replace the two main cryptocurrencies of the moment for an emerging one like Solana.We don't know what the future will hold for it while Ethereum and Bitcoin are proven cryptos that will be staying with us as long as crypto will exist.No matter how good this Solana has behaved I would never replace Bitcoin and Ethereum with it,I know in the long term I would be at a huge financial loss.For short term maybe but it is like a gambling experiment,you may win big but you may also lose big.So in the end for me is a No-No to both scenarios.
Bitcoin controls the market because of its sheer size. When it goes up people take profits and put it into other projects causing everything else to go up. When it goes down people sell other coins to buy Bitcoin because it’s the safe long term bet.
Solana is now not showing any good sign to rise. I think investor are now looking to Move their fund from sol to Avax,Hbar and PolkaDot.
Solana is now not showing any good sign to rise. I think investor are now looking to Move their fund from sol to Avax,Hbar and PolkaDot.
So far, it is very difficult to say what will happen to Solana next, since Solana appeared not long time ago and it is still difficult to talk about something serious about this cryptocurrency, of course the hype and the rapid growth of this cryptocurrency says that this cryptocurrency is very popular among big players and most likely that everything will be fine with this cryptocurrency in the future if big players will constantly invest in Solana, but if I will choose between Solana, Ethereum and Bitcoin, I will choose Ethereum and Bitcoin.
If you want to invest in Solana, you do not have to sell Ethereum because Ethereum worthy than Solana so maybe you can use the other money to invest in Solana.
It is no problem if you invest from a small amount because that is the investment you do not have to buy in a large amount.
Solana itself is a promising project but we do not know how good the project can grow in the future so I think you better stick to Ethereum and hold on tight with your Ethereum.
Besides that, you should get more info about the Solana project so you can know if that project is really worth buying.
It is no problem if you invest from a small amount because that is the investment you do not have to buy in a large amount.
Solana itself is a promising project but we do not know how good the project can grow in the future so I think you better stick to Ethereum and hold on tight with your Ethereum.
Besides that, you should get more info about the Solana project so you can know if that project is really worth buying.
Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
Uou've already answered that this is only good as a short term, not an investment because investing is more into the long term. coins whose prices go up many times only in months are very at risk of going down very deep, so if you get a profit it will be wiser to take a profit.Solana has surpass dogecoin rank but it will be again take over by dogecoin after solana pump end and started to dump.
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