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Topic: Should you sell ethereum and btc to buy Solana/SOL? - page 3. (Read 1092 times)

full member
Activity: 2142
Merit: 183
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!
Of course, you can invest part of your funds in Solana, but I'm not going to exchange even part of my bitcoins and ethereum for this altcoin. These two Fgagman coins, in the end, I think, will make more profit than Solana. I am not yet sure about this coin and how long its price will go up. You can invest free funds in Solano or exchange less potential tokens, since Solana is still a rather promising project, but not at the expense of bitcoins and ethereum.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
The best and most balanced decision is to split your portfolio in half. You can't keep all your money in one coin. 50 percent in solana and 50 percent in ethereum. Ideally


Splitting is a good option if you know how to balance your capital. Putting it inside only one project may bring you a big risk. Though it's a case to case since every traders have their own knowledge and skills in choosing better project for their investment, if you are unsure it's always better to split so you won't regret much if you failed in some instances.

You still have the other half in case mistake happened and you have the chance to earn it back doing a much deeper research.

Not a trading advice, but you can use every idea that being brought out from here to navigate more with your chosen investment.
member
Activity: 672
Merit: 29
Almost all the 10th top coins on coinmarketcap are doing well. There have been enormous profits between the top coins ever since the bull run started. Solana is a good coin, no doubt about it. It will be difficult to sell off Bitcoin and ethereum just to buy Solana since both are giving profits to your investors.
Rather than selling your BTC or Eth, it's better to buy more
hero member
Activity: 952
Merit: 503
The best and most balanced decision is to split your portfolio in half. You can't keep all your money in one coin. 50 percent in solana and 50 percent in ethereum. Ideally
It's still not ideal if the portfolio is only divided into two parts, because I personally divide the portfolio into four parts, namely Bitcoin, Ethereum, BNB and Solana which are 25 percent each, because that kind of thing is much more ideal than just two divisions.
jr. member
Activity: 1876
Merit: 5
For me personally, the Solana coin is a new, unexplored coin that has only recently appeared on the cryptocurrency market. And in order to invest in this Solana coin, you need to study everything thoroughly. And in order to buy this coin, I will not sell Bitcoin or Ethereum. Since Bitcoin and Ethereum can bring me much more profit than Solana coin.
member
Activity: 1344
Merit: 10
The best and most balanced decision is to split your portfolio in half. You can't keep all your money in one coin. 50 percent in solana and 50 percent in ethereum. Ideally
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
Either Solana good for short or long term investment, never will I make that attempt of selling my btc nor eth. But I sure can sell some of my shit coins to buy Solana as it's proven to be one of the best in crypto world too.
That's the ideal thing to do.

Sell those coins that are worthless to you but has brought you some money and use that to buy the ideal coins that you want.

And for example, buy solana with those but do not sell ether and btc for it.
If you don't want to miss the opportunity with Solana, then you don't have to take the risk selling your bitcoin and ethereum because they are sure  profits already in the long run. Well, if you have some extra money, then take time to invest into Solana even with a small amount. There might be no guaranteed profits in the long run, but it will never give you regrets once you lose because you only invested in an mount you can afford to lose. But if it will be a huge profits in the future, then at least you have your own share of profits too, although not big but still worth it.
It is a better strategy that no selling of bitcoin and ethereum that will happen.

Aside from that, having a spare money can allow you to buy solana if you really want to have it. It is true that eth and btc are the best for the long term.

No doubt about that. BTC and ETH are some coins which are going to stay for the long term.
Although SOL is a nice coin with huge potential it is still relatively new which makes it stay at the lower edge.
But at the same time if we think from an investors point of view then SOL is bound to give better returns in the short term than BTC and ETH.
So I would put a little stake in solana. Not selling BTC and ETH is still a good option but not buying on SOL would seem like a mistake.
Ofcourse we can sell the shit coins and use the spare money or at least a minor portion from BTC and ETH to invest in SOL.
May be we can buy back the BTC and ETH later when we get the  decent profits we are aiming for.
hero member
Activity: 2912
Merit: 642
If you are selling your BTC and Ethereum to buy Solana, I think it is not right choice. You can do short or middle term with Solana, but for long term Ethereum is the best in the market.
I agree with that. Or perhaps there's a better choice which is just making a new fund for buying Solana.
Why should you risk selling your Bitcoin and Ethereum when we all know it will just keep on going upwards in the long run.
Let it be, keep it as your long-term investments and just watch it bloom until the next decade.
As for new projects that are being hyped, just provide something to buy in and don't chip away a little bit from other investments especially the two coins that was said.
member
Activity: 296
Merit: 10
I don't think that it would be a good choice to make SOL a short-term investment, the price of SOL is currently the highest point, if you make it a short-term investment it is most likely a loss, or just a not very big profit, even though it is SOL is a very promising crypto asset, and if indeed you are going to buy SOL by selling BTC or ETH I don't recommend it, you are better off starting with money or other assets.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
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?
Before investing in a relatively unknown project like Solana, we need to get more information about their long term development plans. And just yesterday Solana was hit by some major technical problems. At some point, they ran into problems validating transactions, which the development team deemed "out of resources". Just because Solana is technologically superior, it doesn't automatically mean that it will be able to replace established altcoins like Cardano and Ethereum. Solana is not something that is pumped like a doge driven by Elonmusk, where when the hype from Doge dissipates the price will drop, Solana provides innovative and fresh technology that attracts investors for the long term, even though Solana is currently on the decline but it's a reasonable correction.

By reading your reply, I see good point in regards to how you should sort good project.

Not because it's hyping you should rush in and invest your money, it's better to do your research and make sure to have deeper knowledge about

the coin that you are investing in. With good information you'll be able to drive well and decide appropriately with your invested money.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
Either Solana good for short or long term investment, never will I make that attempt of selling my btc nor eth. But I sure can sell some of my shit coins to buy Solana as it's proven to be one of the best in crypto world too.
That's the ideal thing to do.

Sell those coins that are worthless to you but has brought you some money and use that to buy the ideal coins that you want.

And for example, buy solana with those but do not sell ether and btc for it.
If you don't want to miss the opportunity with Solana, then you don't have to take the risk selling your bitcoin and ethereum because they are sure  profits already in the long run. Well, if you have some extra money, then take time to invest into Solana even with a small amount. There might be no guaranteed profits in the long run, but it will never give you regrets once you lose because you only invested in an mount you can afford to lose. But if it will be a huge profits in the future, then at least you have your own share of profits too, although not big but still worth it.
It is a better strategy that no selling of bitcoin and ethereum that will happen.

Aside from that, having a spare money can allow you to buy solana if you really want to have it. It is true that eth and btc are the best for the long term.
full member
Activity: 524
Merit: 100
If you are selling your BTC and Ethereum to buy Solana, I think it is not right choice. You can do short or middle term with Solana, but for long term Ethereum is the best in the market.
member
Activity: 411
Merit: 10
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?
Before investing in a relatively unknown project like Solana, we need to get more information about their long term development plans. And just yesterday Solana was hit by some major technical problems. At some point, they ran into problems validating transactions, which the development team deemed "out of resources". Just because Solana is technologically superior, it doesn't automatically mean that it will be able to replace established altcoins like Cardano and Ethereum. Solana is not something that is pumped like a doge driven by Elonmusk, where when the hype from Doge dissipates the price will drop, Solana provides innovative and fresh technology that attracts investors for the long term, even though Solana is currently on the decline but it's a reasonable correction.
jr. member
Activity: 209
Merit: 2
G I S T C O I N
For me if short term trades profit from SOL fast pump I don't think that is the problem. but if it is for long term investment. I think my ETH and BTC are more valuable in the long run. and especially in Solana it's not something pumping like doge driven by Elonmusk, but when the Doge hype wears off, prices go down, Solana comes up with new and innovative technology that attracts investors in Castle. Not only that, it also has outstanding features that I am very interested in. Because I have invested quite a lot in SOL
full member
Activity: 588
Merit: 100
Solana is indeed promising with developer projects being built but I don't recommend investing all out, we have to know their future project plans and what we know is that the crypto market is volatile either because of dump or pump scenarios. Etherum and BTC is much better if you are looking for long term profit and promising if you buy in dip to get high profit
full member
Activity: 1358
Merit: 104
Solona(SOL) is new promising Altcoin. For me,I will not sell my holding BTC and ETH.Coz now bitcoin and Eth price dip.I think Bitcoin and ETH price will be rise this year.If you have an extra Enough money you can buy Solona, i think it will be get good profit total in future.Solona is still development.
sr. member
Activity: 1638
Merit: 339
I will not sell my BTC and ETH only for sol coins that have recently experienced a drastic increase, for an investment both long term and short term it is very risky. such a drastic increase will most likely not happen again.
I think it's a wrong move to release BTC just to own the coin SOL.
jr. member
Activity: 123
Merit: 3
SmartFi - EARN, LEND & TRADE
For me personally i think bitcoin and ethereum are best for long time trading … Solona has been doing well for a while and if you invested a few months ago then you would probably still be smiling to the bank… i thino solona is here to stay since people want something different and solona has been offering that
sr. member
Activity: 2198
Merit: 273
DGbet.fun - Crypto Sportsbook
Why sell ethereum now? We don't know ethereum is also a good project for the future. If you sell it now it seems like it's a bad decision. Why don't you add money to buy solana? It looks better.
full member
Activity: 550
Merit: 100
I don't care if Sol is good long term or short although Sol looks good and a promising project doesn't mean you have to do the stupid thing to sell bitcoin and ethereum to buy the clear and proven Sol both are kings and queens in the crypto market and the best of all time .
if you are interested in Sol, you can do so by buying it without having to sacrifice bitcoin and ethereum for other coins although it is potentially profitable.
although that sounds wrong. but I think people sacrifice bitcoin or ethereum for other purposes. it is possible to trade short-term solana to get bigger profits by taking advantage of the moment of hype solana at the expense of temporarily sacrificing their assets in the form of bitcoin or ethereum. but it lies with the owner whether he can manage the assets properly or not.
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