Solana | Bitcointalksearch.org

aysg76

legendary

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Quote from: eminan on March 10, 2021, 01:37:06 PM

I know it has a lot of potential but it hasn't been doing anything for me price wise, my worst performing coin by far. Thinking of dumping it into my other alts.

Good or bad move?

It's quite well performing this year with more than 800% growth this year and trading at $16 on coinmarketcap.Most of the coin has seen sharp dips but SOL has seen increase of 5-6% only in past 5 days.Many developers were turning to Solana because of its proof-of-stake (PoS) capabilities and the fact that it is faster, secure, and censorship-resistant. It is also relatively cheaper than ETH, with the average cost of a transaction being $0.0004. The total number of transactions in the network has risen to more than $12.3 billion.So if you are planning to HOLD it for long term then surely it's great choice for the investors portfolio as prices speculation by the market experts state prices to reach $60-$70 by the end of 2021.Its popularity is making its growth much faster so you can have your funds in them and gain profits by Holding for long term.

Kunnu

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According to my estimate solana may become a beneficial coin for long term holders so if you're comfortable to hold sol for long term purpose then I don't think it would be bad decision after all it's all depends on your will but I would suggest you that don't take decision in panic just make your choice patiently.

Jaered

jr. member

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Solana has a lot of potentials, and is underbought and under rated. Notice also Tether minted some billions of USDT yesterday on the blockchain. So hold your horses… yet

casperBGD

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Quote from: eminan on March 12, 2021, 04:52:23 AM

I ended up keeping it after it had a little pump the other day. We'll see how it does the next few weeks.

Now just hoping Cosmos, Chainlink, and Elrond can pump a bit!

do you have long-term or short term strategy, SOL is actually one of best performing projects this year, so there is few chances to be down in this coin
Solana has good partnerships, interesting developments and it is supported by serum protocols, you can actually enter LPs there, to have passive income on SOL coins

nevertheless, it is good to have strategies and do analysis, following answers on forums will hardly make you profitable long-run

eminan

newbie

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I ended up keeping it after it had a little pump the other day. We'll see how it does the next few weeks.

Now just hoping Cosmos, Chainlink, and Elrond can pump a bit!

LGD2Business

legendary

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If you are looking for quick bucks Solana might not be for you.

But if you want to hold for 2-3 years you will see it performs way better because the project is really good and have a use case. That's just an assumption for now though, price can go either way.

bussybuddy

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I also love it that even though I sold out SOL $10, I think you are not too worried about this investment, it may not have a better return for you than other altcoins, but it is always good and not. In fear of falling, the market is still on an uptrend, so when you already hold certain coins or are consistent with the initial decision you bought.

cryptoaddictchie

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Depends on your goal too. If you are a long time holder then you should not be concern about it slow increasing hence like the others suggest venture on new coin or token that has more room for potential price action and appreciation. But I like Solana project they are indeed a well established blockchain.

shinratensei_

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Quote from: eminan on March 10, 2021, 01:37:06 PM

I know it has a lot of potential but it hasn't been doing anything for me price wise, my worst performing coin by far. Thinking of dumping it into my other alts.

Good or bad move?

It's a good move dude, if that doesn't give you a lot of profit and then you can try to re-adjust it into the new coin. That will better IMO.
Solana is quite stable at this moment dude. If that gives the worst performance in your portfolios and you can replace it with another alt.

There is a lot of potential coin dude. It's better to replace it rather than make your money stuck on solana.

Javi_Anibarro

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Did you buy it at the peak or what? from price-wise, Solana already made 4x since last month. It does not look like we are going to see it go for another 4x in the near future before we are seeing a retrace. If you are going to dump it for other alts, which alts are you going to buy?
It is fine to dump it for low-cap alts that have not pumped yet but it will not do any good for you if you buy other overpriced/overbought alts like Dogecoin.
Good or bad is all depend on your choice.

eminan

newbie

Activity: 17

Merit: 1

I know it has a lot of potential but it hasn't been doing anything for me price wise, my worst performing coin by far. Thinking of dumping it into my other alts.

Good or bad move?

Topic: Solana (Read 108 times)