Should you sell ethereum and btc to buy Solana/SOL? - page 5.

kak uli

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Quote from: Emitdama on September 25, 2021, 04:11:22 PM

Quote from: kak uli on September 25, 2021, 11:16:20 AM

Quote from: Masyudhi on September 25, 2021, 11:09:37 AM

he follows the trend created by Solo. many projects were successful and had tremendous price increases. Of course, it caught the attention of many traders and investors.
but selling bitcoin and ethereum for SOL I don't think I would. but if you want to trade on the SOL market, I think selling some for trading and still keeping BTC and ETH as main investment assets is not a bad choice.

of course very true to your statement. hopefully our opinion can be responded or listened to by people who want to sell their Main assets for a new digital currency.

This is never been good idea to sell your good stock just for new project but if you're able to do work and check team product and vision then just keep eye and invest small amount is also not bad because it's part of trading and this can give you some better profit as well.

About Solana even it's technological very good but still we need to check is this good for long term and can handle large volumes without snags because for replacing Ethereum and Cardano it's need some good time as these are very established platforms. Please never effect just by the price movement because It's never been a good idea.

for now because my previous experience will not be affected by issues or price movements of new coins in the market, let alone having to sell assets such as ethereum and bitcoin, I think it is a bad idea to sell assets just because you want to invest in new coins that are not clear

adibi12

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Quote from: MiF on September 14, 2021, 10:36:19 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?

I think it will be a big risk that you will accept, but it is a decision, if I were you I would wait and see what progress will happen to the coin, considering that the coin is a newly launched coin, of course trading is not stable compared to ETH and BTC, use your funds well, I don't mean to forbid you from buying these coins, it just takes patience to get profits

TelolettOm

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Seriously?
I will not think about that, selling my Bitcoin and Ethereum to buy SOL.
I know that SOL may be a good or promising project, but there are no better positive things or reasons why I should better choose SOL than BTC or ETH.
So far, I know that these two coins are the website and top coins. I will better to keep my BTC and ETH or until it reached the target, then selling some of them to take profits. But I am not thinking to buy SOl with that profit because I have other plans for other coins or will only cash out my profits for some reason.

bhooscream

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I won't do it, selling ETH or BTC to buy SOL isn't a good idea. If we want to buy SOL, it should use the capital/funds from another source. BTC and ETH are the best coins to keep on wallets, they are the safest and most promising coins in the future. If there is an uptrend again in the near future, I bet these two coins to increase faster than others. Especially Bitcoin, it is the first coin to trigger whether to have uptrend season or downtrend season.

btcltcdigger

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Quote from: MiF on September 14, 2021, 10:36:19 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?

Maybe, but not yet imo. Wait for the bull peak, then convert eth/btc to stablecoin, and wait for the bear market crash,
That way you can scoop a lot more solana for cheaps and profit in the next bull

albon

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As for me, I will not sell Bitcoin and Ethereum for Solana, although Solana is a promising currency and has many advantages that have made it the best among the cryptocurrencies, and certainly it will be a good investment because of it's amazing performance, but you have to hold Bitcoin and Ethereum for long term, and if you have more money than you need So buy Solana and its current price is $134.

pealr12

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Honestly no, I don't see this as a good idea, although i don't deny that sol has really surprise many of us and even exceed the expectations of many but btc and eth are the two most recognised coins in crypto, trusted and reliable to some extent, selling them for sol is not a wise decision at this point when sol already pumped so high, supposing the investment on sol was at it's earliest stage I won't object. Better to invest on sol with new capital and keep btc and eth.

Emitdama

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Quote from: kak uli on September 25, 2021, 11:16:20 AM

Quote from: Masyudhi on September 25, 2021, 11:09:37 AM

he follows the trend created by Solo. many projects were successful and had tremendous price increases. Of course, it caught the attention of many traders and investors.
but selling bitcoin and ethereum for SOL I don't think I would. but if you want to trade on the SOL market, I think selling some for trading and still keeping BTC and ETH as main investment assets is not a bad choice.

of course very true to your statement. hopefully our opinion can be responded or listened to by people who want to sell their Main assets for a new digital currency.

This is never been good idea to sell your good stock just for new project but if you're able to do work and check team product and vision then just keep eye and invest small amount is also not bad because it's part of trading and this can give you some better profit as well.

About Solana even it's technological very good but still we need to check is this good for long term and can handle large volumes without snags because for replacing Ethereum and Cardano it's need some good time as these are very established platforms. Please never effect just by the price movement because It's never been a good idea.

kak uli

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Quote from: Masyudhi on September 25, 2021, 11:09:37 AM

Quote from: kak uli on September 25, 2021, 11:03:40 AM

Quote from: bitzizzix on September 21, 2021, 03:25:20 PM

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.

Maybe he's just following Solana's development and doesn't care about ethereum and bitcoin or he's just interested in Solana.
I also disagree if selling Bitcoin and ethereum just to buy newly released Coins and booming in the near future. after that it is possible that the value and price will continue to decline, but ethereum and bitcoin will still coexist as a POPULAR digital currency

he follows the trend created by Solo. many projects were successful and had tremendous price increases. Of course, it caught the attention of many traders and investors.
but selling bitcoin and ethereum for SOL I don't think I would. but if you want to trade on the SOL market, I think selling some for trading and still keeping BTC and ETH as main investment assets is not a bad choice.

of course very true to your statement. hopefully our opinion can be responded or listened to by people who want to sell their Main assets for a new digital currency.

Masyudhi

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Quote from: kak uli on September 25, 2021, 11:03:40 AM

Quote from: bitzizzix on September 21, 2021, 03:25:20 PM

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.

Maybe he's just following Solana's development and doesn't care about ethereum and bitcoin or he's just interested in Solana.
I also disagree if selling Bitcoin and ethereum just to buy newly released Coins and booming in the near future. after that it is possible that the value and price will continue to decline, but ethereum and bitcoin will still coexist as a POPULAR digital currency

he follows the trend created by Solo. many projects were successful and had tremendous price increases. Of course, it caught the attention of many traders and investors.
but selling bitcoin and ethereum for SOL I don't think I would. but if you want to trade on the SOL market, I think selling some for trading and still keeping BTC and ETH as main investment assets is not a bad choice.

kak uli

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Activity: 1246

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Quote from: bitzizzix on September 21, 2021, 03:25:20 PM

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.

Maybe he's just following Solana's development and doesn't care about ethereum and bitcoin or he's just interested in Solana.
I also disagree if selling Bitcoin and ethereum just to buy newly released Coins and booming in the near future. after that it is possible that the value and price will continue to decline, but ethereum and bitcoin will still coexist as a POPULAR digital currency

bitzizzix

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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.

liqidoxgen

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Activity: 980

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It looks like Solana is a promising project with a good future. However, I would not sell my Bitcoin or Ethereum to spend the proceeds to buy SOL. Better to have all three of these valuable coins in my wallet.
Hopefully the current market correction will make Solana's price more attractive for me to buy.

jaberwock

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Quote from: Hannahanto on September 21, 2021, 07:28:44 AM

Sol has a big potential but the rate at which it grew is very high
Solana went from 22 dollars to 200 dollars and if you invested on sol or long it on Binance futures the profit return will be very high. But too bad if you missed that but since I didn't partake I don't think I'll advice anyone or I myself sell btc to invest in eth. They are many projects with huge returns out there e.g $NEAR, PYR,ADA. I so much love the NEAR ecosystem and I've been following them looks pretty promising and PYR gaming is cool too.

That is exactly why there are so many people who are not entirely sure what they should do with SOL. If they buy right now, they would be buying right after it grew too much, but if they do not buy right now and this hype that it created goes even longer than they will be too late in the future. Sure if they bought early on that would have been better for them but that is mute point now, it is in the past. So, if nobody buys because it is high already then the price will bottom out and be very low, since people do still buy it that means there are still some buyers even after the increase.

So, what should people do? Should people stop what they are doing and sell their SOL? Or should they continue to buy? I would say if you have some money saved aside that you are not using for any other coin, it could be smart to leave a small portion of your portfolio in SOL. I mean not a ton, just a small amount, but still dip your toes in the water.

bitcoinst

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It's hard to say, it all depends on what you expect from the current market.
For example, for Bitcoin and Ethereum, you do not need much to return to ATH, but for Solana, this is a path of almost 50%, so it is quite normal if you transfer part of your assets to Solana.

cryptobrzy

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Its always a good idea to diversify and not put all your eggs in one basket… but solana is one for the future and not for short time holding…. I think you have to buy to hold for a very long time before you can actually see good results ,its on a high right and panic selling for anyone would only lead to you losing money… just buy and hold

MSN02

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I think that selling some of your ETH and BTC to diversify is definitely a good idea. I hold 50% of my portfolio on BTC and ETH then the rest I have NEAR, SOL, ADA, and AAVE. These are all projects that I’m very bullish on and so far this bull run NEAR and SOL have given me the best returns.

Hannahanto

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Sol has a big potential but the rate at which it grew is very high
Solana went from 22 dollars to 200 dollars and if you invested on sol or long it on Binance futures the profit return will be very high. But too bad if you missed that but since I didn't partake I don't think I'll advice anyone or I myself sell btc to invest in eth. They are many projects with huge returns out there e.g $NEAR, PYR,ADA. I so much love the NEAR ecosystem and I've been following them looks pretty promising and PYR gaming is cool too.

ninabobo

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Solana is a promising project with lots of back ups and also one of the trending blockchains which has been gaining so much traction lately, solana has really been on the rise and is really high right now , tho it still got chances of still pumping buh for me I prefer $Near which is the next sol, with my little research $Near got so much advantages over sol and is currently undervalued so I think investing in $Near would be more profitable.

LGD2Business

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Quote from: MiF on September 14, 2021, 10:36:19 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 opened this thread when Solana was on all time high price. If you opened it earlier we could have believed you. I don't think it's a good idea to jump in a coin for short term that already made its move. I think Solana would be successful in long term, we can see it in Top 10 for next couple of years. If that happens SOL price would definitely rise as other top coins do. I bought Solana for way lower prices and even though I believe its long term success, I wouldn't touch it for this price right now.

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