Topic: Solana - Is it still good to buy or it's FOMO - page 3. (Read 1031 times)

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.

Solana is a solid coin theoretically, a good competitor that could easily outshine Ethereum. But there were and are controversies and accusations surrounding Solana. along with its internal problems, external factors like bankrupt FTX is holding about 15% of Solana which they are required to gradually dump. With so many issues, I don't think Solana would have any upward rally unless their another overall bull run in crypto. They already did a x6 last month. I'm waiting for Solana to fall below 100 to buy it again.

the might be another rally for sol, as bad as the coin is rumoured to be with all the outages and so on, so many people favour this coin, threfore i believe people will keep pumping this coin, they also mostly really like solana because it is cheap blockchain. you know despite the fact that solana is having so many problems in the blockchain majority people just doesn't care what they care is that they are investing and soon their money will grow, thats it.
so its no wonder that even though many people that judge from the technical aspect just doesn't really favor solana but people are still investing in it.
im expecting it to be getting back on its all time high again after all this coin is the among the most popular with trading volume thats really high but for anyone that tries to invest these days, its gonna be a lot risky because the value is already too high, we are already 10x of initial price already with solana don't think any new investment gonna be safe from sudden dumping.

After the halving, there will be a general expectation of an increase due to limited supply, and this is normally the case. Sol rose from 250 dollars to 8 dollars and rallied again, reaching an extreme level in price. Such movements occur less frequently in the market, but as you know, we are in a market where volatility is generally high. In my opinion, the price seems high, but we have witnessed an increase despite this. We do not know what will happen, but I am focusing on other opportunities.

I am skeptical of your trading success, as I understand that the purpose of your registration and this reply in particular is to shill the website you mention, the name of which is exactly the same as your nickname. Although, it would be interesting for me and others to look at your proof confirming your successful trading.

truest statement about holding to this date, people keep talking about holding from the very bottom all the way up but im 100% sure that majority of people would just sell when they see 30% increase, fearing that they missed the opportunity of selling at peak thinking after this it will go down, only those peolpe that truly committed and have faith toward the coin will hold and they are probably holding until it hits all time high then appear again the same problem about greed when people tries to hold it until it gets as high as it can then unexpectedly around the peak the coin suddenly dumping, which leaves people with unrealized profit now have unrealized loss.
thats the thing with trading or investment, our mental are tested, whether or not we gonna hold, or instead we gonna sell, its overall really difficult to perfectly buy at the bottom and sell at the highest peak basically the all time high because we don't know what future holds.

I made +500% in 30 days on Solanas... these moves rarely happen, not sure if it's a good thing or a bad thing (especially if it crashes).

Mostly driven by rally on ETF Indexation there is only little retail flow as explained in there: https://www.stockstobuynow.ai/posts/bitcoin

To be honest you shouldn't buy anything that moves that fast, you better look at other Alt coins like Cardano if your goal is purely to make quick gains.

And if you buy some make sure to diversify: don't put all your eggs in the same basket, especially when it's such a volatile one.

Even if you bought SOL for $20, it would not guarantee that you would be able to hold this coin up to today's price.  I think that for many, like me, it is difficult to continue holding coins in a wallet when its value has increased several times.

There are possibilities for SOL going past $200 but we have missed the rally as we should have taken entry when it crossed over $20 but infact I sold it around $24 after taking entry around $8. Now it has increased so much and that too at the rapid pace, If you look at the time taken from crossing $50 and $100 it was real quick and that's when more doubt arrives in the mind whether we still have the time or it's FOMO.

If we are to consider from the aspect of Solana all time high then we may say that we are still a long way far away from there in dip, but looking at it's recent performance, we can also draw a concl that it's making moves to regain back it position from last all time high and from the way it's appearing, there's more possibilities that if it keep on rising as it has started this way, we are likely to get to $200 or more with Solana market price before next year halving.