Should you sell ethereum and btc to buy Solana/SOL? - page 11.

Celinena

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Obviously under no circumstances should you sell Bitcoin to buy any altcoins,
In a fierce market environment, it is difficult to say when a new currency with several very technological innovations will come out to compete for funds in the market,And history tells us that no matter any currency, it is impossible to compete for Bitcoin's market share, because the Bitcoin market is stable, long-term, and with strong consensus compared with other currencies,Bitcoin can give you a certain degree of security.

It is recommended that long-term investmentism is to hold Bitcoin. If you really want to invest in sol, you can operate through DEFI borrowing, but the risk is still quite high. Pay attention to risk control.

Bagong91

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Quote from: Pandji02 on September 14, 2021, 11:54:04 PM

BTC is definitely not worth selling for SOL. Hold it and in the next years you'll be happy you did it.

yes sure, if you want to buy SOL but have to sell eth/btc maybe you are wrong, better keep hold on your etc/btc then use your fresh money to buy sol maybe this is better

Pandji02

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BTC is definitely not worth selling for SOL. Hold it and in the next years you'll be happy you did it.

inanilujimi

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Quote from: [email protected] on September 14, 2021, 10:17:47 PM

if it's for short trades to profit from the SOL fast pump I don't think it's a problem. but if it's meant for long term investment. I think my ETH and BTC are more valuable in the long run.
what we need to know, SOL is already making the pump too high shortly. this is just a trend and there is a high probability of a decline when everything is finished with SOL.

Solana is not something that is pumped like doge driven by Elonmusk, which when the hype of Doge disappears the price will fall, Solana provides innovative and fresh technology that attracts investors for the long term, although now Solana is in decline but that's a normal correction and I sure solana can be a promising long-term investment.

Sithara007

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Quote from: cryptoaddictchie on September 14, 2021, 09:53:10 PM

You cant be sure that solana is only a short term project. Have you seen the progress they did for the last few months? I dont think we can say its a PnD and wouldnt last for long term. I dont have any solana holding but I can see that they did well and they can still improve more. People are looking for something unique and we can see that solana is one of those top yier project that will pumped hard in the near future.

I agree. Before investing in a relatively unknown project like Solana, we need to get more information on their long-term development plans. And just yesterday Solana was hit by some major technical issues. At some point, they had issues in validating the transactions, which was blamed on "resource exhaustion" by the development team. Just because Solana is technologically superior, it doesn't automatically mean that it will be able to replace established altcoins such as Cardano and Ethereum. First it needs to prove that it is able to handle large volumes without snags.

[email protected]

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if it's for short trades to profit from the SOL fast pump I don't think it's a problem. but if it's meant for long term investment. I think my ETH and BTC are more valuable in the long run.
what we need to know, SOL is already making the pump too high shortly. this is just a trend and there is a high probability of a decline when everything is finished with SOL.

guydin

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Quote from: MiF on September 14, 2021, 09:36:19 PM

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?

There is no doubt that it suits only for long-term investment. It is on the highs now, so if you buy now for short-term, you will definitely lose. I agree that Solana is a very promising altcoin, but I am not sure if there is a good time to buy now. What you certainly shouldn’t do is to exchange Bitcoin to Solana, you should have one part in more conservative assets (Bitcoin) and one part in more risky currencies (Solana) - diversify!

cryptoaddictchie

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Quote from: MiF on September 14, 2021, 09:36:19 PM

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 cant be sure that solana is only a short term project. Have you seen the progress they did for the last few months? I dont think we can say its a PnD and wouldnt last for long term. I dont have any solana holding but I can see that they did well and they can still improve more. People are looking for something unique and we can see that solana is one of those top yier project that will pumped hard in the near future.

MiF

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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?

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