Should you sell ethereum and btc to buy Solana/SOL? - page 6.

Sayeds56

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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?

I think it is not a good idea because both Bitcoin and Ethereum are leading coins and they have maintained their credibility over a long period of time and still enjoy confidence of crypto community. Solana is comparatively a new coin though it has attracted huge investment during the past months but few back its network remained down for more than 14 hrs. due to heavy load of transactions which reelects that its team need to do much more work to improve their network if they want to compete with Ethereum Block chain.

kak uli

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Quote from: Darktongue on September 20, 2021, 03:20:33 PM

If any projects start to pump, then those coins are on the hot topic. Recently I saw that "citizen finance" pumps from 2 to 72 USD in two months even though today's price is 45 USD. I don't want to give suggestions to discuss pumped coins. Do your research as I'm saying, high volume altcoins are good for investment if prices are low.

I agree with you, we can all notice that every thing that is discussed and becomes a topic of many is what is happening !!, Just like tokens solana, shiba, doge, citizen and that's the hot topic of conversation. even though if we look at the development of other tokens, there are still many but why not discuss them? "GOMA FINANCE", is currently pumping hard and burning a lot of tokens, why is no one discussing ?

lousie9

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The hype from Solana might have occurred when the coin experienced a very high increase on September 9 and now this coin has decreased due to the impact of the falling Bitcoin price so if we currently buy Solana coin it is also very good but I see if we buy this coin at this price right now the risk is very high seeing the very high hype that has been going on this coin.

Darktongue

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If any projects start to pump, then those coins are on the hot topic. Recently I saw that "citizen finance" pumps from 2 to 72 USD in two months even though today's price is 45 USD. I don't want to give suggestions to discuss pumped coins. Do your research as I'm saying, high volume altcoins are good for investment if prices are low.

ScamViruS

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Quote from: Jilapikhamu on September 18, 2021, 12:31:34 PM

No, never if I'm comparing crypto world as a human,than btc is the heart of the human body and ETH is the brain so I'm never sell BTC and ETH for SOL

You're right. People are so attracted to the hype of sol now that they want to sell their bitcoin and eth and buy sol. This creates hype in the market and spreads its influence among traders.

Every time we see this kind of discussion when a coin pumps up and creates hype in the market, people start comparing that coin to bitcoin and eth. But later it was seen that the coin could not even go near the edge of bitcoin and eth. So I would tell those who are thinking of making such a decision to think twice.

the ghabbar

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Quote from: arifteguhr on September 18, 2021, 11:34:53 AM

Quote from: the ghabbar on September 18, 2021, 11:21:44 AM

Both of these patterns are suitable for investing in Solana, both short term and long term, Solana is different from Dogecoin, Solana is more effective and stable in its movement in the market, compared to Dogecoin, it's just that Dogecoin has a good effect from speculation caused by Elon Musk, I have studied solana from the last month and there is a possibility that later this year solana will deliver the best value shocks on the market, with some assumptions that I have discovered from market observations and investors.

A little explanation from me about Dogecoin that you said could be speculated on by Elon Musk, in general it did happen, but not so long ago and also not in the long term, because if Elon Musk now speculates again on Dogecoin, then there will be a lot one who laughs and will no longer trust him for that, because he does it only for himself and not for anyone else. Grin

This kind of view is already representative of a lot of people, even if Elon Musk continues to force the speculation to go well a second time, it really won't be a big result, considering what he's done in the past doesn't give good guarantees to everyone, in any form of investment is about Dogecoin and I believe the chances are very slim if it is still forced and maybe Elon Musk won't make this opportunity any more ridiculous to people.

carlisle1

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Quote from: dhemasm on September 20, 2021, 12:50:04 PM

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

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?

IMHO, Sol it's not only good for short term investment but also good for long run, It's offering tons of benefits and much better comparing to Ethereum Network, Higher TPS, Cheaper fee, Faster transaction times and Smart-Contract integration so it's really good, Also rather than selling ETH, BTC or other your asset i suppose it's much better to split your funds and buy some SOL so you should get good portfolio, Good luck!

Good thinking! why would you sell your assets if you can split it up?

We should always be realistic as we are inside volatile market, it's hard to predict as whale can be there to interfere.

Even we seen good market movement with certain coin, once whales decide to play the project will experienced uncontrol movement either to fall back or to pump high. Better and much safer not to stick with a single coin but splitting it up would give you better chance of success.

dhemasm

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

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?

IMHO, Sol it's not only good for short term investment but also good for long run, It's offering tons of benefits and much better comparing to Ethereum Network, Higher TPS, Cheaper fee, Faster transaction times and Smart-Contract integration so it's really good, Also rather than selling ETH, BTC or other your asset i suppose it's much better to split your funds and buy some SOL so you should get good portfolio, Good luck!

kak uli

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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?

I wouldn't do it myself.
solana is just a new altcoin and has just been released in the market with the seventh position in coinmarketcap, while bitcoin and ethereum have quality beyond solana and also have a value that exceeds any altcoin, surely bitcoin and ethereum can also give us all advantages. My advice is not to be influenced by newly launched altcoins even though they have good value like Solana.

coiner-88

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I think my ETH and BTC are more significant over the long haul. What we need to know, SOL is as of now making the siphon too high in the blink of an eye. this is only a pattern and there is a high likelihood of a decay when everything is done with SOL. Solana itself is a promising undertaking yet we don't have the foggiest idea how great the task can fill later on so I think you better stick to Ethereum and hang on close with your Ethereum.

floridafranks

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Not a financial advice, but if i were you i would have sold eth and BTC for SOL, given its quicker transaction speed and lesser transaction fees compared to both BTC and ETh. Although the mining equipment required for SOL is much more expensive, that is a more like one time expense, unlike the ever increasing gas fees.

darylalban

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I don’t think you need to get rid of it all. Diversify. I myself am pretty bullish on Solana

Jilapikhamu

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No, never if I'm comparing crypto world as a human,than btc is the heart of the human body and ETH is the brain so I'm never sell BTC and ETH for SOL

bamb

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You can use you bitcoin and ethereum coin as you deem fit. It is important to know that altcoin is very volatile both big and small cap. If I were you, I will not trade Solana yet until it has established it's, price range away from the present pump. There are big whale backing Solana and in terms of infrastructure, Solana is not as good as ethereum. So, it is better to wait and see how things plays out!

Rahman11

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Within 6 months Solana rised up like giant It's more than 1000%, it’s rising just like giant killer it’s try to surpassing as ethereum and other major coins values. but crypto-currency future always unpredictable.

zulfi125

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I didn't suggest sold-out Ethereum and BTC buy Solana, I suggest you should hold ETH and BTC for the long term, and if we invest in SOL then we should more invest in Solana instead of sold of ETH and BTC because EHT and BTC will also move up in future and SOL also will be going up for the long term.

arifteguhr

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Quote from: the ghabbar on September 18, 2021, 11:21:44 AM

Both of these patterns are suitable for investing in Solana, both short term and long term, Solana is different from Dogecoin, Solana is more effective and stable in its movement in the market, compared to Dogecoin, it's just that Dogecoin has a good effect from speculation caused by Elon Musk, I have studied solana from the last month and there is a possibility that later this year solana will deliver the best value shocks on the market, with some assumptions that I have discovered from market observations and investors.

A little explanation from me about Dogecoin that you said could be speculated on by Elon Musk, in general it did happen, but not so long ago and also not in the long term, because if Elon Musk now speculates again on Dogecoin, then there will be a lot one who laughs and will no longer trust him for that, because he does it only for himself and not for anyone else. Grin

the ghabbar

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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?

Both of these patterns are suitable for investing in Solana, both short term and long term, Solana is different from Dogecoin, Solana is more effective and stable in its movement in the market, compared to Dogecoin, it's just that Dogecoin has a good effect from speculation caused by Elon Musk, I have studied solana from the last month and there is a possibility that later this year solana will deliver the best value shocks on the market, with some assumptions that I have discovered from market observations and investors.

Mkmanik

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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?

Solana is a very trending coin right now. On Twitter, most people are bullish on this coin. For the long-term investment it's a good coin there is no doubt. but don't forget about the risk. Because selling Bitcoin and Etehreum for other altcoins is not a good idea. It would be nice if you hold 70% of your asset in Bitcoin and Etehreum. The rest of them are in Solna but don't invest all of BITCOIN and ETHEREUM converted money in Solana. Bitcoin and Ethereum are good investments and it's already proved.

ivankoh

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Quote from: kawetsriyanto on September 17, 2021, 04:46:19 PM

However, are you sure to convert your Bitcoin and ETH to SOL?

No. I will deduct the reserve fund to invest in all 3 at the same time, but now I'm more biased towards Sol. I think Sol is becoming a huge competitive threat to Ethereum in the near future. Sol has an impressive increase in August with more than 200% growth, the expansion of the ecosystem with large funds allowing the expansion of funded speculation in Sol has created an increase huge capitalization for Sol. The volume of projects developed on SOL's ecosystem is still small, but Sol's growth potential is enormous.

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