Topic: Solana - Is it still good to buy or it's FOMO - page 2. (Read 731 times)

In my opinion, it is still very possible for you to enter Solana now because many people choose Solana over ETH because the network and fees are very expensive, but still do your own research on the coins you want to buy and as much as possible stay away from investments that you don't know what they are. you invest, I personally will buy Solana now

The price of Solana has gone up a lot in a month. I think many people are showing interest due to the current price hike and the demand for Solana will increase a lot in the future. But right now I don't know why, it's not unusual for Solana to go through periods of consolidation or correction before resuming its upward trajectory. I would advise caution to considering entering the market at this time. It is always better to be patient and wait for more favorable opportunities instead of rushing. Carefully consider concentration and past failures when considering Solana as an investment.

there is some roller coaster movement in Solana these days , after hitting 120$ and above , then dumped bellow 100$ and yes now it is increasing 16% as my typing , so basically if those who are buying and selling ?surely they are making money nowadays in SOL so I hope OP also did a good decisioning recently .

Looking at how market performs I think it is not about correction but a normal dump and now we are back in Bull market as the flow of altcoins goes following bitcoin increase.
what I wanna learn is  that if this growth is part of  the Halving approval connection? because the more that ETF deciding comes is the more market is showing wilder and wilder.

You made the right decision that you did not try to catch up with the departed train, but concentrated your efforts on finding coins that have not yet shown such a large price increase. And if we see a deeper correction of Bitcoin, then we will still have the opportunity to buy the coins we are interested in at a lower price.

its really hard decision to make to whether buying a coin that has corrected but already rising high enough that it is more than 8 times of initial price or just find another coin.
with SOL i also doubt it can drop to $20 but i also highly skeptical whether buying right now is the right decision, the price is already too high but at the same time it has fallen quite the price too that it goes back to around $90.
but alas i just decided to invest in other coin because I deemed that they are rather more better for investment at this point with the value still not rising so high and after the latest btc dumps they lost their value already.
the disadvantage is that, the increase probably wouldn't be as fast as some popular coin like solana.

I'm sure there's no point in getting upset about this. After all, few people managed to sell a coin at the highest price, just as they could buy it at the lowest. The market will still provide a lot of opportunities to get a good profit. And SOL will provide us with this opportunity to make a profit more than once.

showing red marks doesn't mean the pump is completely over now. in trading terms. that is called "Taking Correction" I think think Solana is just taking correction before making another big move.
It is not a financial advice, but in my opinion Solana is still in buy zone. it looks really bullish to me. everyone should take their own decisions tho.
But considering how much new projects popping in solana everyday. and all the airdrops. I think solana will be in bigger demand in future.

That is really a frustrating decision mate imagine SOL have even increase 200% from your selling price ,
if you have held the coins for a bit weeks then surely you have multiplied the price more than double or almost triple of how much you sold them.

But like many says , it is better you have sold and earned in low value than waiting for the highest for
you to realized it dumped badly while you sleep.

so in all you have still made the best action for your own money because you bought 28 and sold at
48 that is almost 80% profit not bad at all.

What makes you think that SOL will go back to $20? That is only possible if Bitcoin goes around $30k once again and I don't see that happening at all. The maximum value BTC can drop to from here is $35k in my opinion and that is also too low, to be honest. Just like everyone else, I'm also expecting another correction but it wouldn't be as deep as you are expecting, if SOL drops even to $50 from here, that will be the best price for buying during this market cycle.

Sometimes, you have to take some risks to earn great returns, which could happen to me if I had bought SOL when it was around $28 when I thought it wouldn't go high this soon, then it went to $48, and I thought it has already pumped enough and it will drop from here, and that made me miss one of the best trades.

The question of whether Solana is still a good buy or not depends on many factors, such as your risk appetite, time horizon, and investment strategy. There is no definitive answer to this question, as different investors may have different opinions and expectations. However, some general tips that can help you avoid FOMO and make informed decisions are:

- Do your own research. Learn as much as you can about Solana, its technology, its team, its roadmap, its competitors, and its challenges.
- Don’t rely on rumors, hearsay, or social media hype. Check multiple sources of information and data, such as the project’s website, whitepaper, social media, forums, blogs, podcasts, videos, and news articles.
- Set your own goals. Define your purpose, your budget, your target price, and your exit strategy. Know how much you are willing to invest, how long you are willing to hold, and how much profit or loss you are comfortable with.
- Don’t let FOMO or greed cloud your judgment. Stick to your plan and don’t chase the market.
Manage your risk. Diversify your portfolio and don’t put all your eggs in one basket. Use stop-loss orders and take-profit orders to protect your capital and lock in your gains. - Don’t invest more than you can afford to lose. Be prepared for volatility and uncertainty. Don’t panic or overreact to price movements.

I hope this answer and information are helpful to you.

One dealing with Solana needs to be very careful, it's more of a quick pump and dump coin, investment on Solana won't be a bad idea but need to pay careful attention, understand when the market is better to enter and when it's ripe to sell. Solana has really helped a lot of its investors by pumping hard and always giving another entrance for new investors.

Yes, that the idle scenarios but I think SOL is kind of stable now and I doubt we would be able to book any profit at the moment as Solana's rally has comes to pause though this was not an actual bull season for Altcoin because the real one will start only post Bitcoin bull run. But it's time to figure out the next altcoin which will follow the footstep of SOL but not an easy task.

currently its a phase of recovery, these altcoin aren't rising, they are recovering to at least the price where they belong before previous bullrun are hitting all time high and I think its a good thing, this mean one step further closer to the all time high hitting when the altcoin season is arriving in the future.
i'm expecting so many altcoin that already falling off so much from its all time high to regain its value near all time high again in the upcoming months.
after all so many people are speculating that in 2024 it will be year of bullish run, not to mention the news of ETF whether its getting approved or disapproved, the result will definitely determine the wellbeing of the market.

I want to consider it a mini-altseason as the bitcoin price is still under its previous ATH. So the mega altseason that everybody is waiting for will come once bitcoin makes a new previous ATH and its price becomes stable in there for a few weeks. At this time money will flow from bitcoin to major altcoins and from there to low-cap tokens. This is the most common scenario every year and i am expecting this to happen this time as well. But in terms of the price of SOL i think it will be wise to book some profits in here and reinvest them in projects that still haven't made any significant gains.

We are in the altcoin season. I usually don't make strict predictions as anything can happen, but as a someone who has been in this scene for a long time, something really bad should happen at this point in order to sol go back to $20, which i am assuming you mean by last year's regular price. Also what do you mean sooner? Sooner then it hits 20? That's literally buying high according to your prediction.

Whole market is just reacting to BTC EFT rejection. It's normal and we'll get over it after a whlle.

You can also consider the current price for buying, as the price has already corrected quite a bit after the last rise. And before we wait for an even stronger correction, the price may increase by 2 times again. Although I am skeptical that the price of SOL can drop to $20.

It happens often as we can never expect any project, even Bitcoin keep on increasing but gonna have time for its corrections. And often experience that after the hype, drops will come next. So not a question of seeing the situation over Solana because not all investors are also willing to wait longer as they are taking their opportunity to sell their coins while the price is high, and the others follow after seeing the decline. FOMO seems to happen always, panic selling is not new but the decline of price is considered an opportunity to reinvest.

I think the pump is enough now , after few weeks of continues increase last december now it shows red marking in market

https://coinmarketcap.com/currencies/solana/

and I think this will be going down to what is the regular price before the increase last year?

so If you are planning to buy more then better to consider sooner when the value drops good for Buy low Sell high strategy .

i can't stop wondering whether this time around solana would get some price correction because the rumoured ftx possession of an asset which you mentioned earlier for the sake of reimbursement, the fact that ftx is trying to make reimbursement which the reimbursement on its own is kinda unfair honestly since they try to give people their money back in lesser value at the time when market was still in bearish, i think it can somehow indicate that they are gonna be dumping some of their asset and one of them would be solana in which they possess massively, right now the price is ideal for that, the price has already gone 10x from when we were still at the bearish.
this just means that its not gonna be a good time to invest in solana right now, maybe when the price was still low we can take some risk and just invest in it but now that the price is already kinda high i think we should be moving over our investment into other altcoin but thats just my 2 cents. after all i can be wrong since its just speculation.