Topic: Should you sell ethereum and btc to buy Solana/SOL? - page 5. (Read 589 times)

Just explain now why you think that way now because I see Solana as a very good coin and very worth holding in the long term, so if you have different thoughts on Solana then just explain now so everyone can know.

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.

As much as I wanted to earn profits. Selling off eth and btc for a pumped coins is like a dangerous move too. I'm not saying solana is bad or not gonna pump more than its price now but I prefer an L1 of avax and ftm rather than this. With regards to adoption, I can see that more are jumojng wagon on Avalanche and they even got news of addition of native usdc on the network while solana has got 2 major shut down news which is a pretty red flag for its holders. Maybe for traders perspective can do short to medium run to gain profits.

Sol was a good buy at $3 when Sam Friedman was saying he is buying unlimited quantities. And it almost peaked at $300. Now even at under $200 it still seems expensive. Is it a good buy? Depends

If we get a bear market then you are better off buying lower at like $40 or so. Might revisit its previous ATH. However we have no idea if we are in a bear market or not.

It might go from $175 all the way to $400 and top out there. And if you wait too long you might miss it. Nobody knows what will happen exactly.

I generally agree with this idea, given how much Solana has already risen against both Bitcoin and Ethereum. While prices have been consolidating well against both BTC and ETH since September, implying that a further drop may not be necessary and price can move higher, it has a long way down to support levels, probably around $80 or half that it's current BTC/ETH value.

Personally I've already taken around 95% of my profits from this coin already, as someone who invested around $6. I think some exposure is still good, but based on how far prices can fall (in comparison to Bitcoin and Ethereum) it remains very high risk. Remember that only this year the likes of Uniswap, Chainlink and Polkadot were all in the Top 10 before their price corrected dramatically.

Generally speaking, there is more reward, with similar risk (if not less), by investing in coins moving towards the Top 10, than those who have already increased a lot and have made it there. Hundreds of coins have been in the Top 10 over the years, 99% of these are not even in the Top 100 now, only half are in the Top 1000! For a safer bet, BTC or ETH is a better place to store wealth.

Ultimately it's up to you. As long you are aware of the risks, as well as not focusing on the USD price. If your plan is to sell for BTC or ETH for SOL then these are the only relevant prices to you.

Most coins that have increased without corresponding increase in bitcoin or ethereum has been on hype and that means falling may happen anytime soon that the investors pull off the rug. This means that Ethereum and bitcoin are still choice coins with committed community. I still prefer them than selling off and buying solana 

I think if you want to HODL altcoins I'd suggest should stays at Ethereum. I can't remember the news but there has been a buying spree of Ethereum in the recent days compare to the decline in May. I think it's a no brainer investment considering that most of the smart money flows in there and how many huge investors has HODLing this asset. Not financial advice but I guess SOL isn't a bad choice.

solana has risen a bit thanks to its new investor, but I will not make very promising comments for this coin. I will explain why I think so in the coming days.

All of them are good for long term IMHO. You should hold any of them if you want to but if I've got bitcoin and ethereum, I'll keep them.
And that's where SOL will be bought through my other source of income. It's always better to keep the two and if you want to add any other, just add and don't sell the other for another.

Yes I will prefer Sol over Etherium. Eth fee is increasing day by day. Solana fees doesn't scale proportional with network activity. While the may rise a little it will always be relatively negligible for simple transactions.
Solana has a different approach to validation, and that is why it is faster. They have actually said it is running quite inefficiently right now, and should only get faster as improvements are made.

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?