Solana - Is it still good to buy or it's FOMO - page 5.

Sophokles

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Quote from: kentrolla on December 23, 2023, 03:08:48 PM

Quote from: Dunamisx on December 23, 2023, 08:07:13 AM

With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

It's highly possible and the rapid growth is the only factor which creates more questions like what if it has over achieved it's value and what if there is an correction phase once we make any investment. I hope you got my point because had it been Bitcoin I wouldn't have though this much as I am making monthly investment into Bitcoin because I know it can recover back the lost value in couple of years but that's not the case with any Altcoins.

I have set some targets a very complicated one like SOL has to cross a particular value and it should sustain above that for a period of time and couple of other conditions to enter into SOL once again as I don't want to follow the trend this time but rather take a calculated step.

The market is bullish for almost 3 months now, and it is logical to think that there will be at least a short correction. I am not sure how SOL will do if there is a major crash in the bitcoin price as its price growth looks abnormal. Only airdrop speculation can bring that much funding to a project over the course of a month. There is internal price manipulation and it looks like someone wants to give FTX a better price to sell off their SOL holdings to recover customer funds. It was a well-played strategy by the team and some people also benefited from it.

batang_bitcoin

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Quote from: poodle63 on December 22, 2023, 07:53:58 PM

Quote from: batang_bitcoin on December 22, 2023, 05:19:41 PM

Yeah, but I think that it's all going down because of the things that has happened last year. But that's fine, and I'll just be happy with those people that have bought it low and managed to sell at the top. Or if they are going to wait further about the possible going back to its former ATH. It may take time but right now it is undeniable that they're in profit, not just profit but greater profit and that means a lot to them. Whoever really goes first into this market gets the bigger slice of the cake.

yeah so many people are actually hesitating back then due to the fact that some rumour going around about this coin like basically rumour about ftx trying to dump the coin indeed put a lot of people in the side of pessimistic towards investing in solana.
i'm also kinda regret not investing in solana even not that active using solana blockchain because im not familiar with it in the first place but man there are certainly so many good airdrops ocurring there I guess thats just the perk of using blockchain thats just overally being hyped heavily by the masses.

Well, regret is there for most times when we see that something is happening and it is always in the end. If you want to get along with solana, do it but for me, it's not going to work anymore. And it just reached $100 today so congratulations to all of the holders that have bought it under that price. Don't forget to take profits.

Quote from: poodle63 on December 22, 2023, 07:53:58 PM

other than that, the meme coin hypes now also happening in the solana blockchain so I guess its truly good time for those that hold solana and also interact quite frequently within solana blockchain.
but i'm sure new coin thats currently trending right now will also have the same increase in value anyway so im not sweating about it too much really.

Yeah, Bonk have increased and that made everyone who had it happy as well. I'm not going to ride all of these hypes but I will just be contented with what I had now and won't get along with FOMO.

tvplus006

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Quote from: MFahad on December 23, 2023, 10:09:58 AM

Solona is the most successful coin so far in the latest bull season start for two months. In these two months #solona achieved so many goal. They successfully launched their phone, network is now become smooth. Some days ago I read news that Solona has surpassed the XRP and now it has surpassed bnb also and now achieved the 4th rank. We should hold some amount but diversification will be best because market can downturn anytime.

Today, one of the major holders Arthur Hayes, the former CEO of Bitmex, sold SOL and used the proceeds to buy ETH - https://twitter.com/cryptohayes/status/1738008677360239091 This indicates that large holders are fixing their profits and transferring them to other coins that have not yet shown such a strong movement.

AmoreJaz

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Quote from: kentrolla on December 23, 2023, 03:08:48 PM

Quote from: Dunamisx on December 23, 2023, 08:07:13 AM

With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

It's highly possible and the rapid growth is the only factor which creates more questions like what if it has over achieved it's value and what if there is an correction phase once we make any investment. I hope you got my point because had it been Bitcoin I wouldn't have though this much as I am making monthly investment into Bitcoin because I know it can recover back the lost value in couple of years but that's not the case with any Altcoins.

I have set some targets a very complicated one like SOL has to cross a particular value and it should sustain above that for a period of time and couple of other conditions to enter into SOL once again as I don't want to follow the trend this time but rather take a calculated step.

that's the usual dilemma of most traders. as you don't know what will happen next, you are just relying on your instincts what to do with the current market. this is why don't put too much money here if you can't afford to do so. many are speculating that it will surpass ETH, but in my opinion that's a long way to go for SOL.

in this current phase, the price is shooting up like crazy and everybody wants to try to get a hold of this project. but think about it. up until when it will gain its traction, it can easily go down as well. but you can always put your money on the line and sell while you have positive profit. don't wait for the time that your money will be five fold or so, because it won't go to that level that fast because this network is not a hyped up project.

for now, weigh your options. if you have good amount of money to spend on a volatile market, why not? but if not, better be conservative with your estimates. your decision will depend also on when will you need such money that you will into this market.

kentrolla

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Quote from: Dunamisx on December 23, 2023, 08:07:13 AM

With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

It's highly possible and the rapid growth is the only factor which creates more questions like what if it has over achieved it's value and what if there is an correction phase once we make any investment. I hope you got my point because had it been Bitcoin I wouldn't have though this much as I am making monthly investment into Bitcoin because I know it can recover back the lost value in couple of years but that's not the case with any Altcoins.

I have set some targets a very complicated one like SOL has to cross a particular value and it should sustain above that for a period of time and couple of other conditions to enter into SOL once again as I don't want to follow the trend this time but rather take a calculated step.

MFahad

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Quote from: Dunamisx on December 23, 2023, 08:07:13 AM

With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

Solona is the most successful coin so far in the latest bull season start for two months. In these two months #solona achieved so many goal. They successfully launched their phone, network is now become smooth. Some days ago I read news that Solona has surpassed the XRP and now it has surpassed bnb also and now achieved the 4th rank. We should hold some amount but diversification will be best because market can downturn anytime.

Dunamisx

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With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

doomloop

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Quote from: Dunamisx on December 21, 2023, 01:11:01 PM

If you still have your money with you I will strongly advise that you buy Solana and hold, it's one the of digital currency having best performance this season, you can check the chart to see how it has been performing well these days, people would have said alot of things about the existing past performance which may actually discourage, but looking at what Solana is upto now, it's one of the most preferred.

It seems that you are also one of those who FOMO and this is the reason why the OP is hesitant. But he is thinking of waiting and seeing if the price can down. Maybe because he will also invest? I still think though that it was still part of FOMOing knowing that the pump of Solana are seem questionable. I know the tokens under it are pumping as well, so it maybe the reason. But why are those tokens created and why they are pumping? What is so special about them?

When we invest, our views and opinions must be the ones that should matter the most. So don't mind those whom you think are discouraging you. The reason why Solana is preferred right now by the many, is again like I said earlier due to its tokens but once the hype dies/go down later on, I believe that many people will also drop Solana.

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Quote from: batang_bitcoin on December 22, 2023, 05:19:41 PM

Quote from: kotajikikox on December 22, 2023, 12:27:42 AM

Quote from: batang_bitcoin on December 21, 2023, 04:47:33 PM

I saw it $9 last year but I don't think that it will ever be back and that's why I've missed already. Most of us did missed it already and I don't think entering on it is a good idea. Well, as for me that's what I think and I don't want to take FOMO on it.
But if you guys believe on SOL and you think that it's still too early to say and it's likely going to be back on its former ATH, you make a decision now before another regret gets in.

wow, if you should have bought that time , now you are x10 richer as the price now is 99 dollars and still trying to stay above that level .

Yeah, but I think that it's all going down because of the things that has happened last year. But that's fine, and I'll just be happy with those people that have bought it low and managed to sell at the top. Or if they are going to wait further about the possible going back to its former ATH. It may take time but right now it is undeniable that they're in profit, not just profit but greater profit and that means a lot to them. Whoever really goes first into this market gets the bigger slice of the cake.

yeah so many people are actually hesitating back then due to the fact that some rumour going around about this coin like basically rumour about ftx trying to dump the coin indeed put a lot of people in the side of pessimistic towards investing in solana.
i'm also kinda regret not investing in solana even not that active using solana blockchain because im not familiar with it in the first place but man there are certainly so many good airdrops ocurring there I guess thats just the perk of using blockchain thats just overally being hyped heavily by the masses.
other than that, the meme coin hypes now also happening in the solana blockchain so I guess its truly good time for those that hold solana and also interact quite frequently within solana blockchain.
but i'm sure new coin thats currently trending right now will also have the same increase in value anyway so im not sweating about it too much really.

criptoevangelista

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This price spike for Solana is truly incredible. Here we have the entire ecosystem.

Are some of these you're speculating?

https://coinmarketcap.com/view/solana-ecosystem/

batang_bitcoin

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Quote from: kotajikikox on December 22, 2023, 12:27:42 AM

Quote from: batang_bitcoin on December 21, 2023, 04:47:33 PM

I saw it $9 last year but I don't think that it will ever be back and that's why I've missed already. Most of us did missed it already and I don't think entering on it is a good idea. Well, as for me that's what I think and I don't want to take FOMO on it.
But if you guys believe on SOL and you think that it's still too early to say and it's likely going to be back on its former ATH, you make a decision now before another regret gets in.

wow, if you should have bought that time , now you are x10 richer as the price now is 99 dollars and still trying to stay above that level .

Yeah, but I think that it's all going down because of the things that has happened last year. But that's fine, and I'll just be happy with those people that have bought it low and managed to sell at the top. Or if they are going to wait further about the possible going back to its former ATH. It may take time but right now it is undeniable that they're in profit, not just profit but greater profit and that means a lot to them. Whoever really goes first into this market gets the bigger slice of the cake.

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Quote from: tvplus006 on December 20, 2023, 06:59:16 PM

Quote from: kentrolla on December 20, 2023, 02:49:06 PM

...I personally feel little bit confused because somewhere I feel if I enter now then I will be doing it in FOMO. Please share your opinion whether we can still take entry or should we wait if there would be any possible market correction and this is not for long term investment.

You should not experience FOMO, treat it like a train that left without you. You will certainly have other opportunities to make a profit. Focus on finding another coin, the price of which has not changed much yet and, accordingly, can bring you a good profit.

Yup, totally solid advice. There's always another good coin out there that hasn't trended up yet that's good to ape in... Like right now with ARB. It's really not been doing anything but due to EIP 4844's pending release, ARB just saw a pump. I'm thinking tokens issued in Arbitrum would see a pump too in the next couple of weeks. Wink

So instead of looking at SOL and that whole market, look elsewhere. There's lots of stuff going on out there. Get into them early before it starts being the thing to get into.

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Quote from: Husires on December 22, 2023, 05:35:48 AM

Solana is very centralized and has proven to fail several times, so the hype accompanying it is due to the high price. Everyone is only talking about the potential profit opportunity due to the airdrop and that the price will reach $259. If you have bought it before, you are lucky. Other than that it is time to sell and search for currencies that can It rises at a lower price like LTC.

While the price of Solana has risen a lot; it is not said that it can’t increase anymore. I bought some SOL when the price was above 100$, so if it go up a little more, I should be able to let them go and even make a small profit!

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Solana is very centralized and has proven to fail several times, so the hype accompanying it is due to the high price. Everyone is only talking about the potential profit opportunity due to the airdrop and that the price will reach $259. If you have bought it before, you are lucky. Other than that it is time to sell and search for currencies that can It rises at a lower price like LTC.

ice18

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I suggest to OP to wait for another market correction before buying SOL or if you have huge amount of funds then theres no problem buying right now and make a DCA if market corrects thats the best strategy mate, never FOMO and buy all your money in single transaction. What did you do the last few months before SOL pump?

kotajikikox

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I'm afraid that today you might be late now , because instead of posting you should invest rightaway mate because look at now if climbed up to 31% as of my writing in which makes you having regret why did not buy Solana that time .
now correction my happen any time soon or dumping completely before the year ends.

Quote from: batang_bitcoin on December 21, 2023, 04:47:33 PM

I saw it $9 last year but I don't think that it will ever be back and that's why I've missed already. Most of us did missed it already and I don't think entering on it is a good idea. Well, as for me that's what I think and I don't want to take FOMO on it.
But if you guys believe on SOL and you think that it's still too early to say and it's likely going to be back on its former ATH, you make a decision now before another regret gets in.

wow, if you should have bought that time , now you are x10 richer as the price now is 99 dollars and still trying to stay above that level .

batang_bitcoin

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I saw it $9 last year but I don't think that it will ever be back and that's why I've missed already. Most of us did missed it already and I don't think entering on it is a good idea. Well, as for me that's what I think and I don't want to take FOMO on it.
But if you guys believe on SOL and you think that it's still too early to say and it's likely going to be back on its former ATH, you make a decision now before another regret gets in.

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Quote from: Dunamisx on December 21, 2023, 01:11:01 PM

If you still have your money with you I will strongly advise that you buy Solana and hold, it's one the of digital currency having best performance this season, you can check the chart to see how it has been performing well these days, people would have said alot of things about the existing past performance which may actually discourage, but looking at what Solana is upto now, it's one of the most preferred.

You are very correct with the fact about the potentiality and performance of solana for sure this coin remain one of the most top performing coins in this season haven't given it investors alot if opportunities to make good profits from its market behaviour in the past couple of weeks and running into months, it clear that to chose Solana as for long term base is best among others but then also, because of the previous experience with the market, I think it better to make out time to DCA along the line and not just holding the coin for the long term since the market is full with an unexpected incidence that can hold any coin down for a while.

I will look more into this coin once again because I haven't really given Solana a thought but now that the project is becoming more popular and many of my friends already bought some, I may give it a short-term shout to see what I can come out with from the market.

$crypto$

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Now the price is almost touching $100 and then you enter to buy this Solana coin then it is clear you are FOMO because you see the hype on this coin, don't know if this will be a correction or not if you buy now it is consumed by FOMO.

Solana is indeed working well in the ecosystem it has developed, I believe this increase is due to the community's enthusiasm for the new project that stands in the Solana ecosystem so that the price continues to soar, now the increase has been more than 10x from the price of $8, do you maybe believe Solana will reach ATH $250 later?

This is still hard to believe, because this is influenced by pumping.

Sophokles

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Quote from: kentrolla on December 20, 2023, 02:49:06 PM

Solana has been in rally for a while as lot of speculations and news around it and new tokens on it's ecosystem has been credited for it's rally, shall we consider this as beginning and is it a good time to take entry? Someone new to crypto would say "Yes" but those who has been here for a while would be hesitant because we have seen SOL rising from $15 to $259 and then witnessed the downfall as well to less than $8.

I personally feel little bit confused because somewhere I feel if I enter now then I will be doing it in FOMO. Please share your opinion whether we can still take entry or should we wait if there would be any possible market correction and this is not for long term investment.

I think solana is not undervalued any more and if you didn't take entry before the rally you are late. The maximum it can go from here is 3X to 4X i think. Also current hype is driven by the potential airdrop in solana ecosystem and once its gone and people move into a new ecosystem, the price will drop eventually. But the rally it made is really amazing and unexpected. At some point i lose hope that solana would not be able to cross 40$ but it seems i was wrong. I must say they have the best marketing team in the whole industry.

Topic: Solana - Is it still good to buy or it's FOMO - page 5. (Read 1031 times)