Should you sell ethereum and btc to buy Solana/SOL? - page 4.

AmoreJaz

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Quote from: Nazmul012 on December 17, 2021, 06:39:11 PM

I agree solana could be worthy for long run but can't give assurance for it but easily for eth & btc. Cause in reality, future is unknown and unexpected. Last few years, lots of altcoins come next to eth but dumped from that position, some lost their whole Identity. So no guarantee solana could be best instead of them. You may sold portion of btc, eth for sol but selling whole share is suppose to be foolishness

that's what i was thinking about this scenario. as we still need to see what's in it for SOL, better keep some of your coins to BTC and ETH, which both has proven their solid position in the market. sol is relatively new in this playing field though a promising one. but we need tangible proofs that they can deliver like projects being built under their chain or visible dev team giving regular updates to their community. this is yet to be seen coz for me, it is too early to see those developments.

Nazmul012

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I agree solana could be worthy for long run but can't give assurance for it but easily for eth & btc. Cause in reality, future is unknown and unexpected. Last few years, lots of altcoins come next to eth but dumped from that position, some lost their whole Identity. So no guarantee solana could be best instead of them. You may sold portion of btc, eth for sol but selling whole share is suppose to be foolishness

Hypnosis00

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Quote from: Kelly958 on November 26, 2021, 02:34:47 AM

Solana could be a unused promising altcoin that outperformed dogecoin to be positioned up to seventh put on CMC. And based on its cost final Admirable 15 2021 it is as it were 44$ and presently its current cost is 157$ based on that super Sonic cost development from 44$ to 157$ for just one months, I think Solana is sweet for brief term venture, what would be your bits of knowledge almost this folks.
Good for long term or brief term investment?

I may invest in this project but I'm not going to consider it as for long-term investment as I still depend on how it performed.

And to ask say selling BTC for Solana, that is a bad idea. I don't think it is a need, why not spare money for additional investment? I certainly don't do that and besides, BTC is for long-term and sure investment which can never be replaced by any coins in the market a big thing that we need not forget.

suryogandul

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Quote from: magneto on December 16, 2021, 01:37:32 AM

I think that would honestly be pretty stupid.

SOL is still largely unproven technology so you are going to likely see a lot of bugs in the early stages, and there is no guarantee that they will ever emerge from this current buggy state.

You should definitely diversify your holdings, but all-in in SOL is not a great idea.

I don't think it's stupid to choose SOL. although sol is not perfect, but I see SOL still has great potential to develop to the best position. I think it's wrong to put btc into the sole, but it will definitely give rise to the results for the owners

Oceat

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Quote from: Mehedi72 on December 17, 2021, 06:32:11 AM

Solana undoubtedly pretty good option to hold for long term benefit, but due to holding sol, selling ether and btc aren’t wise idea IMHO. you should go for ether, btc first and then sol can be considered as extra source of earning. but if can't afford then you can exchange ether+btc for sol, which won't make you regret i guess cause sol seems to be done significant development also...

Why exchange BTC and ETH to a new coin? When you can just buy Sol if you have extra money instead of selling your Bitcoin or ETH. Solana is just a new coin that is possibly a hype coins due to the trend but sooner or later it might be the same as the rest of altcoins that I know. Most of them aren't able to get back while some didn't last that long but if the project has a good development it might last in this market. A better research will needed if you want to truly invest in this new altcoins.

Mehedi72

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Solana undoubtedly pretty good option to hold for long term benefit, but due to holding sol, selling ether and btc aren’t wise idea IMHO. you should go for ether, btc first and then sol can be considered as extra source of earning. but if can't afford then you can exchange ether+btc for sol, which won't make you regret i guess cause sol seems to be done significant development also...

judaspriest

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Quote from: Kelly958 on November 26, 2021, 02:34:47 AM

Solana could be a unused promising altcoin that outperformed dogecoin to be positioned up to seventh put on CMC. And based on its cost final Admirable 15 2021 it is as it were 44$ and presently its current cost is 157$ based on that super Sonic cost development from 44$ to 157$ for just one months, I think Solana is sweet for brief term venture, what would be your bits of knowledge almost this folks.
Good for long term or brief term investment?

This year, Solana has really grown rapidly and has become the attention of crypto enthusiasts. I think coins that have their own smart contracts have potential. but when compared to coin that have their own smart contract system i would prefer BNB over ETH or SOL, the price comparison is not too far right know. and and I think BNB has much more potential for long term hold.

It's true we can't deny that Solana's development is amazing and for me it's beyond expectation,
actually I also don't know for sure which of the three coins has more potential,
the three coins between ETH, BNB, and SOL have strong fundamentals so they are good for long-term investments

adaseb

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I don’t know if you guys heard but the former First Lady of the USA, president Trumps wife, Melinda Trump is launching some NFTs on the SOL network. However SOL didn’t react to the big news.

When it was released SOL started to sell off. And it’s very strange that it was rallying for the last few days from $150 all the way to $183 and then topped at the news. Basically classic buy the rumor and sell the news only for certain insiders.

BuNga_cute

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Quote from: Johnyz on December 16, 2021, 04:58:09 PM

Quote from: Stanley28 on December 16, 2021, 12:14:13 PM

Solana and entherum are wonderful project, one need to consider how these projects will benefit you in one way or the other. One project gass fee is very expensive the other is not.

There’s a lot of things to consider aside from the gas fees and I agree that these two has been a great project but SOL looks more active now based on numbers and the volume of its transactions so for me there’s a high chance for SOL to take its peak price. Though I still prefer ETH so for me, I will hold both of these two great coin but I’m not going to sell my BTC holdings for any altcoins.

Even though Solana is a good and promising project, it doesn't mean we have to sacrifice our ETH and BTC to be able to buy Solana. If indeed
we don't have the money to buy Solana, we don't have to force it to buy Solana. Because after all I think ETH and BTC are better than Solana.
Indeed ETH and BTC have some drawbacks, but it must be admitted that until now ETH and BTC have always been in the top position. So my advice is
to use the extra money we have to buy Solana, don't do anything reckless by selling the ETH and BTC we have. This is why it is important that
we have good knowledge of the crypto world, so that we can make the right decisions.

Johnyz

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Quote from: Stanley28 on December 16, 2021, 12:14:13 PM

Solana and entherum are wonderful project, one need to consider how these projects will benefit you in one way or the other. One project gass fee is very expensive the other is not.

There’s a lot of things to consider aside from the gas fees and I agree that these two has been a great project but SOL looks more active now based on numbers and the volume of its transactions so for me there’s a high chance for SOL to take its peak price. Though I still prefer ETH so for me, I will hold both of these two great coin but I’m not going to sell my BTC holdings for any altcoins.

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Quote from: Anonylz on December 16, 2021, 12:02:37 PM

Why selling any if you can have them all (even in small quantity) btc is a coin you should not miss as part of your portfolio, no matter how little, I would say have them all, but if it is not possible as a result of limited cash, yeah sol is a good choice, short to long term hold, the blockchain is aggressively growing without any doubt, more room to grow.

Sometimes the capital that people are using to invest in the market is so low that they have no option but to concentrate on a single project, so SOL seems like a good coin in which you can invest right now, however since the coin is already positioned as the fifth biggest coin in terms of market cap then it is important to limit the expectations you may have about its growth, since now it is going to be a challenge for the coin to grow as much as it did in the past since now it has to compete against some of the most well-known and strongest coins in the market.

Stanley28

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Solana and entherum are wonderful project, one need to consider how these projects will benefit you in one way or the other. One project gass fee is very expensive the other is not.

Anonylz

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Why selling any if you can have them all (even in small quantity) btc is a coin you should not miss as part of your portfolio, no matter how little, I would say have them all, but if it is not possible as a result of limited cash, yeah sol is a good choice, short to long term hold, the blockchain is aggressively growing without any doubt, more room to grow.

_IRMAN

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Quote from: Kelly958 on November 26, 2021, 02:34:47 AM

Solana could be a unused promising altcoin that outperformed dogecoin to be positioned up to seventh put on CMC. And based on its cost final Admirable 15 2021 it is as it were 44$ and presently its current cost is 157$ based on that super Sonic cost development from 44$ to 157$ for just one months, I think Solana is sweet for brief term venture, what would be your bits of knowledge almost this folks.
Good for long term or brief term investment?

In the long term, of course, it is very good, because SOLANA will still be much more developed in the future, even in the short term I will be more worried about it because it has experienced a very significant increase this year.

ultrloa

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For all newbie or old crypto users you should never ask this question to anyone since for sure you will not get a accurate answer with what you been ask to random guys out here. Maybe try to figure out if you really need that one since if you think you can handle the pressure upon buying SOL which is I think a good option also then do it. But make sure to tale profit once you have a chance to do so.

mu_enrico

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Read this: https://beincrypto.com/solana-clarifies-no-network-failure-ddos-attack/
Outages and congestions sound unlike an "ethereum killer" product.

What's good about this coin isn't about the performance, but about its marketing machine. SOL is so overvalued IMO.

Kkhair

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so many top crypto players this year they say Solana is the most closely watched crypto right now..

it's best if you make Solana a long-term asset, recently Solana Ventures, a unit of the technology company Solana Labs, they announced the launch of an investment initiative, I think the amount is quite interesting, worth US$ 150 million focused on blockchain games, they are working with the two main players in the sector namely
Forte and Griffin Gaming Partners..

irsykes

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SOL is a good coin, but like what other people did maybe Bitcoin and Ethereum will be main investment and then use allocation that i use to made investment in altcoin for SOl. I mean i wouldn't use all my ETH and BTC to SOL but made investment in that 3 coins if there are an option to do it.

Strongkored

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I would still prefer to keep ETH and BNB, SOL might be an option in the long term, but I would prefer to sell other shitcoins I still hold to start buying SOL rather than having to sell ETH and BNB for SOL.

DOH!

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That would be crazy and if you do, you'll welcome REKT. Bitcoin and ETH have too many advantages to buy embedded and accumulate at this time. Solana has continued to have problems with congestion on 9/12 and does not state the reasons convincing enough, it should give you too much hope as the disappointment is similar to ADA. Lol, When the market goes bullish, I will probably want to diversify some more.

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